Gold mining giant Barrick Gold (ABX
) is currently in talks to sell off some of the company’s assets.
After making a $300 million sale last month, the world’s largest gold miner announced that it has seen a high level of interest in some of its mines, including a number of unsolicited offers.
Some analysts have argued that the company should simply spin-off or divest some of the assets it no longer wishes to own, like it did with African Barrick Gold. However, CEO Jamie Sokalsky said that the company is focused on improving operations and that the drawbacks of spin-offs simply make them unattractive at the current time.
Barrick gold shares were up 21 cents, or 1.13%, at Tuesday’s close. With the gold mining sector suffering a major hit in 2013, ABX is down over 46% YTD.
No comments:
Post a Comment