Barrick Gold Corp. has completed the sale of a 50 percent interest in the Zaldívar copper mine in Chile to Antofagasta Plc. The proceeds of the sale will be used to reduce Barrick’s debt. The company has announced asset sales, joint ventures and partnerships worth $3.2 billion since the start of 2015. The company is on track to meet its stated debt reduction target of $3 billion for 2015.
Barrick and its subsidiaries also have commenced a cash tender offer for an aggregate purchase price (including principal and premium) of up to $1.15 billion.
