Asset sales a top priority for Barrick after merger

AS gold’s mega-merger of Barrick Gold and Randgold Resources draws nearer to completion, attention is turning to what the enlarged company will look like.

Asset sales a top priority for Barrick after merger Asset sales a top priority for Barrick after merger Asset sales a top priority for Barrick after merger Asset sales a top priority for Barrick after merger Asset sales a top priority for Barrick after merger

What's for sale and who might be buying? Modified image: iStock/JohnnyH5

Current Randgold CEO and soon-to-be Barrick boss Mark Bristow has outlined asset sales as one of the top priorities following the merger.

The driving force behind the deal was the desire to control a larger portion of the world's tier one gold assets.

Barrick defines a tier one asset as producing more than 500,000 ounces of gold per annum at costs at the lower end of the curve with a mine life of more than 10 years.

Barrick has three tier one assets in Goldstrike, Pueblo Viejo and Cortez, and Randgold will contribute two in Kibali and Loulo-Gounkoto.

That will give the enlarged entity five out its 10 identified gold tier one assets globally (for the record, the others are Gold Fields' Tarkwa, Newmont Mining's Merian, Newcrest Mining's Cadia, Polyus' Ol...