K92 Mining May Show That Barrick is Much Better at Geology Than Business

by Chris Powell

Dear Friend of GATA and Gold:

Reuters reported today that, continuing efforts to reduce its huge debt, Barrick Gold is negotiating to sell another $1.9 billion in gold-mining interests in Africa:


Meanwhile Business News Network in Canada reports this week that another cast-off Barrick project, the Kainantu mine in Papua New Guinea, on which Barrick spent more than $240 million, only to unload it two years ago to K92 Mining for a mere $2 million —

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