Barrick Nets $300M In Sale Of Australian Gold Mines

Law360, New York (August 22, 2013, 3:36 PM EDT) -- Canadian mining giant Barrick Gold Corp. has agreed to sell its interests in three producing gold mines in western Australia to South Africa's Gold Fields Ltd. for $300 million in cash and stock, the companies announced Thursday.

Gold Fields will receive Barrick's interests in the Granny Smith, Lawlers and Darlot mines, collectively known as the Yilgarn South assets. The South African firm will pay 50 percent of the purchase price in cash and has the option to pay the remaining $150 million in either cash or...
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