- Barrick Gold (ABX -0.3%) agrees to sell its Plutonic mine in Western Australia for A$25M ($22M) as part of its continuing effort to cut costs and focus on its most profitable operations.
- ABX sold three other Australian mines to Gold Fields for $300M in October, sold its energy arm in July and last month raised $3B in a share sale to help cut debt.
- Australia's Northern Star Resources says buying Plutonic would increase its annual gold production to more than 200K oz.
Barrick Gold to sell Australian mine in latest cost-cutting move
Dec 23 2013, 10:22 ET