Barrick Gold Corp No Longer In Talks With China National Gold On African Barrick Gold
Barrick Gold Corporation (ABX.TO), which fell 1.7% yesterday, today reported that it is no longer in discussions with China National Gold regarding its holding in UK-listed African Barrick Gold plc.
"These discussions were part of our ongoing efforts to identify opportunities to optimize our portfolio, however we are approaching this in a prudent and disciplined manner and will only proceed with opportunities that generate acceptable value for Barrick," said Jamie Sokalsky, President and Chief Executive Officer. "African Barrick Gold's assets hold significant potential, and we will continue to look for ways to best realize that value for our shareholders."
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