Barrick Presses On With Asset Sales in the Face of Gold’s Rally

  • Miner posts best profit in three years after lowering costs
  • Company initiating sales process for stake in Kalgoorlie mine

Barrick Gold Corp. plans to forge ahead with efforts to divest peripheral assets -- starting with its stake in the Kalgoorlie Super Pit in Australia -- even as surging gold prices spur the highest profit in three years.

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