Barrick’s $1 Billion Donlin Gold Sale: Why Everyone Agrees It’s a Win

The run in the price of gold evidently has majors interested in selling off assets. After Newmont’s massive divestiture program which finished up last week, Barrick Gold (TSX: ABX) has now announced that they are selling off a major asset.

But this isn’t an operating mine like the majority of Newmont’s sales. Instead, it’s an absolutely massive development project that has been in the pipeline for decades, which requires billions of dollars in initial capex just to get the project off the ground.

And that’s if they can get the approvals required to actually get it into production.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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