Deals
Barrick Is ‘Nicely on Track’ to Meet Its Debt Target for 2017
- ‘We wouldn’t sell a core asset,’ President Dushnisky says
- Company is ‘nicely on track’ to meet 2017 debt-reduction goal
Barrick Gold: Debt Target 'Nicely on Track'
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Barrick Gold Corp., the world’s largest producer of the precious metal, isn’t ruling out asset sales as it works on meeting its debt-reduction goal for 2018, according to President Kelvin Dushnisky.
The company is “nicely on track” to meet its debt-reduction target for 2017 and is planning to use some “combination of cash on the balance sheet, cash flow, potential divestments if they make sense” to meet its 2018 goal, Dushnisky said. Asked if next year’s target is achievable without selling another asset, he said: “We’ll see.”