EXPLORATION & DEVELOPMENT

Barrick exits Nevada JV

Barrick Gold has terminated its joint venture agreement with Coral Gold Resources over the Gold Ridge property in Nevada in the US, as it looks to conserve cash and make good on its target of reducing its debt by US$3 billion this year.

Coral said Barrick had cited “budgetary constraints” for its exit. The gold major signed an agreement with Coral back in March last year to acquire up to 60% of the project in return for $12 million of...

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