Canada’s Barrick Gold has met the $1.5-billion disposal target it had set in 2018 and CEO Mark Bristow said this week that the group could shed more noncore assets, particularly in the current gold price environment.
“The higher gold price turns some of our smaller assets within our portfolio into something that is quite attractive, and we have a number of those,” he said, adding that they might well prove to be the sort of foundation for start-up initiatives.
While the big ticket noncore disposals were Barrick’s interest in Kalgoorlie Consolidated Gold Mines, in Australia, and the sale of Massawa, in Senegal, the group has also cleaned up equity positions and ownership of smaller projects.