Research (J&T BANKA)
World markets  |  April 19, 2013 09:17:19

Barrick Gold is considering the sale of Australian mine + scores African Division

According to the Wall Street Journal is considering the sale of Barrick Gold mine Yilgarn South Australia. Mine is a minor and has a share of total reserves of gold companies around 1%. Speculation on the sale of some Australian assets already appeared in January and I do not, therefore, be related to the recent drop in gold prices. They are in line with the strategy of the new management to sell the mines with relatively short service life and higher costs.

African Barrick of African Barrick Gold today announced results for 1Q 2013. The company has slightly increased gold production to 146 thousand. ounces, revenues and EBITDA, however, declined due to lower metal prices. The company confirmed the outlook for this year. African Barrick participates in production Barrick of about 7%.

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Barrick Gold zvažuje prodej australského dolu + výsledky africké divize

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