Barrick Completes Divestiture of its Interest in the Lagunas Norte Mine

Rhea-AI Summary

Barrick Gold Corporation (NYSE:GOLD) announced the completion of the divestiture of its interest in the Lagunas Norte mine to Boroo Pte Ltd, based in Singapore. This move aligns with Barrick's strategy to streamline operations and focus on core assets. The transaction emphasizes Barrick's commitment to optimizing its portfolio and maintaining strong financial health.

Positive

• Completed divestiture of Lagunas Norte mine to Boroo Pte Ltd, supporting strategic focus on core assets.
• Transaction reflects Barrick's ongoing effort to optimize its portfolio.

Negative

• None.

All amounts expressed in US dollars

TORONTO, June 01, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today announced it has completed the previously announced divestiture of its interest in the Lagunas Norte mine to Boroo Pte Ltd (Singapore).

Enquiries

President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386

Senior EVP, Strategic Matters
Kevin Thomson
+1 416 307-5150

Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com

FAQ

What recent divestiture did Barrick Gold Corporation announce?

Barrick Gold announced the completion of the divestiture of its interest in the Lagunas Norte mine to Boroo Pte Ltd.

What is the stock symbol for Barrick Gold Corporation?

The stock symbol for Barrick Gold Corporation is GOLD.

When did Barrick Gold complete the sale of the Lagunas Norte mine?

Barrick Gold completed the sale of the Lagunas Norte mine on June 1, 2021.

Who purchased the Lagunas Norte mine from Barrick Gold?

The Lagunas Norte mine was purchased by Boroo Pte Ltd, based in Singapore.

How does the Lagunas Norte mine divestiture impact Barrick Gold's strategy?

The divestiture supports Barrick Gold's strategy to streamline operations and focus on core assets.