Sale of the Marigold mine. Barrick Gold and GoldCorp refrain from commenting

Canadian gold mining corporations Barrick Gold and GoldCorp hired Montreal Bank to sell their largest Marigold gold mine in the United States. The control package of shares (67%) of Marigold mines belongs to the giant GoldCorp, which owns gold mining enterprises in the USA and around the world. According to the reports of the owners, for the first half of 2013, 81 thousand ounces of gold were obtained at the Marigold deposit. According to experts, the sale of a gold -bearing mine will bring at least $ 200 million.
Against the backdrop of a multi -month decrease in gold prices in the second quarter of the year, Barrick Gold incurs losses of $ 8.6 billion and will worsen its indicator up to 13 billion by the end of the year. The price of Barrick Gold is at $ 19, which is one of the worst indicators in the field of precious metals. The long -term debt of the company is $ 15 billion. The company reduced dividends by 75% and reduces expenses by selling assets and reduction of labor. Since the beginning of the year, Barrick has already been sold 3 of their assets and Jamie Sokalski, the executive director of the holding, said that negotiations were being held on the sale of a few more.

GoldCorp corporation is also not in the best shape. At the end of last month, company representatives reported a significant fall in the third quarter of the year. A group of enterprises announced the suspension of reconnaissance of new deposits, as well as reducing expenses on the main project of the Sierra-Negro Corporation in Argentina.

Andy Lloyd, Barrick spokesman and spokesman for Montreal Bank refused to comment on the sale. Christina Marx, a representative of GoldCorp, confirmed the fact of the sale of Marigold, but refused any comments.