Barrick Gold Corp said on Wednesday it has agreed to sell its Kanowna gold mine in Western Australia to Northern Star Resources Ltd for A$75 million ($66.4 million), as part of its move to sell non-core assets and focus on its lower cost mines. The mine produced about 225,000 ounces in 2013. It contains proven and probable reserves of roughly 600,000 ounces, along with measured and indicated resources of another 600,000 ounces.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX fell by 2.34% or $-0.45/share to $18.80. In the past year, the shares have traded as low as $13.43 and as high as $34.99. On average, 17451500 shares of ABX exchange hands on a given day and today's volume is recorded at 11699805.
Barrick Gold Corporation (Barrick) is engaged in the production and sale of gold, as well as related activities, such as exploration and mine development. Shares of ABX fell by 1.33% or $-0.28/share to $20.81. In the past year, the shares have traded as low as $14.22 and as high as $34.71. On average, 3977320 shares of ABX.TO exchange hands on a given day and today's volume is recorded at 2698756.
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