Loading ...Newmont Mining (NYSE:NEM) (TSX:NMC) and Kinross Gold (TSX:K) (NYSE:KGC) are likely to buy a package of six U.S. gold assets that Barrick Gold (TSX, NYSE:ABX) is trying to sell, the president of the world’s largest bullion producer, Kelvin Dushnisky, told Reuters.
The executive added he expected the imminent deal to close before the end of the year, but declined to put a value on the asset package, which includes Cortez, Goldstrike and Bald Mountain mines in Nevada.
According to analysts and investment bankers, however, the mines up for sale could bring in between $500 million and $700 million.
The amount will be used towards Barrick’s goal of raising at least $3 billion this year to reduce its $12.9 billion debt.more
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