NST 2.54% $13.80 northern star resources ltd

The article doesn't say Barrick made a decision to sell ALL...

  1. 2,122 Posts.
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    The article doesn't say Barrick made a decision to sell ALL Australian assets Parrot. Your misrepresenting your own article.

    It just says they are selling Australian assets. That's includes the two high cost mines they just sold to NST. They have been for sale openly for some time.

    They have never said Cowal is for sale. Its has sustaining costs of $720. So even allowing for the usual additional cash outflows its likely to see through a continued fall in gold prices that knocks out marginal producers. The article does say they could consider offers for other Australian assets including the Super Pit but doesn't cite any source for that.
 
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