WSJ: Barrick Gold planning to sell Golden Sunlight mine in Montana

|About: Barrick Gold Corporation (ABX)|By:, SA News Editor

Barrick Gold (ABX) is looking to sell its Golden Sunlight mine in Montana, WSJ reports, continuing its two-year-long drive to shed non-core assets.

The open-pit mine is one of ABX's smallest properties, producing 92K oz. of gold in 2013, and it has a relatively short shelf life, with ~192K oz. of gold left at the end of 2013.

ABX's sale of non-core assets, launched in the summer of 2012 to boost profits and free cash flow, has raised more than $1B.