Deals
Barrick CEO Expects to Raise $1.5 Billion Through Asset Sales
- Sector sales anticipated since mining giant acquired Randgold
- ‘It’s not a fire-sale, it’s a considered process’: CEO Bristow
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Barrick Gold Corp., which completed its acquisition of Randgold Resources Ltd. at the beginning of the year, has identified $1.5 billion in assets the miner intends to sell, Chief Executive Officer Mark Bristow said.
“Our focus is realizing $1.5 billion through next year,” Bristow said Wednesday in an interview in Toronto. The assets will be sold once they are optimized enough to create sufficient value for shareholders, he said.