The Global Resource For Connecting Buyers and Sellers

Barrick aims at another $2bn debt reduction this year despite lowering FY guidance

Canada’s Barrick Gold Corp, the world’s most prolific producer of gold, on Wednesday announced that it planned to repay about $2-billion in debt this year, after achieving its $3-billion goal for 2015.
During 2015, Toronto-headquartered Barrick had pruned its debt load of just shy of $13-billion by 24%, by selling its non-core assets.