Articles Tagged "ASX:NCM"

Cowal Mine Sale a Plus for Both Barrick and Evolution Mining

Barrick Gold has announced plans to sell its New South Wales-based Cowal gold mine to Evolution Mining for US$550 million. The deal has been praised by market watchers and appears beneficial for both parties. For Barrick, the sale is positive in part because it fits with its current goals of lowering its debt and reducing its presence in Australia.

Out-of-Favor Gold Has Reason to Give (Small) Thanks

The precious metal managed to claw back a few dollars on Thursday after hitting a 4.5-month low on Monday due to the Iran-US nuclear deal.