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.

Video Articles

First Majestic Q3 Earnings: Another RECORD Quarter!

Barrick Q3 Earnings: Juicing Shareholder Returns Amid Declining Production

Wheaton Q3 Earnings: Cash Operating Margins Skyrocket

Recommended

Goliath Resources Extends High Grade Zone To 580 Metres In Latest Assays

Emerita Resources Hits 2.7% Copper, 1.85 g/t Gold Over 9.6 Metres At El Cura

Related News

Barrick Enters Earn-In Arrangement With Precipitate Gold

Barrick Gold Corp (TSX: ABX) (NYSE: GOLD) is looking to expand its land holdings. The...

Tuesday, April 14, 2020, 09:05:17 AM

The Crime In Barrick Gold That Costs Millions Annually

An internal report has revealed that a subsidiary of Barrick Gold (TSX: ABX), operating in...

Friday, September 22, 2023, 03:46:00 PM

Barrick Gold Sees Canaccord Lower Price Target On High CAPEX Spend

Last Friday Barrick Gold Corp. (TSX: ABX) had its investor day with sell-side analysts and...

Wednesday, November 23, 2022, 07:24:00 AM

Barrick Gold CEO Unveils Canadian Growth Strategy Amid Stock Rally

Barrick Gold Corporation (TSX: ABX) is increasing its focus on potential investments in Canada, aiming...

Tuesday, August 13, 2024, 10:25:37 AM

Barrick Q4 Earnings: Cash Flow Explodes

Well folks, another earnings season has begun and Barrick Gold (TSX: ABX) started it off...

Saturday, February 15, 2025, 02:33:00 PM