Barrick (B) Completes $1 Billion Sale of Donlin Gold Stake

Barrick Mining Corporation (NYSE:B) is one of the 10 Best Gold Stocks To Buy Right Now. On June 3, Barrick Mining Corporation (NYSE:B) reported that it has completed the sale of its 50% interest in the Donlin Gold Project in Alaska for $1 billion in cash. The buyers are affiliates of Paulson Advisers LLC and NOVAGOLD Resources.

Barrick Mining Corporation (NYSE:B) plans to use the proceeds from the sale to improve the balance sheet, invest in its future, and continue giving returns to its shareholders.

The company’s president and CEO, Mark Bristow, pointed out that the company is still focused on optimizing its portfolio of assets. He explained that Barrick Mining Corporation (NYSE:B) is looking to concentrate on long-life, sustainable Tier One gold and copper operations. The company is also committed to advancing its priority portfolio of growth projects.

Barrick Mining Corporation (NYSE:B), formerly Barrick Gold Corporation, is a global mining, exploration, and development company that is focused on producing gold and copper.

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