CAPITAL MARKETS

Highlands sells Kainantu to Barrick

HIGHLANDS Pacific has sold its Kainantu gold mine and surrounding exploration tenements in Papua New Guinea to Barrick Gold for $US141.5 million ($A156.9 million).

MiningNews.Net

Highlands sells Kainantu to Barrick

Company managing director John Gooding said the sale would allow the company to pay out its monetised gold hedge program of about $US93 million and a $US19.8 million loan facility. This will give the...

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