Barrick Gold Completes Divestiture Of Yilgarn South Assets In Western Australia

(RTTNews) - Barrick Gold Corp. (ABX, ABX.TO) announced it has completed the divestiture of its Yilgarn South assets in Western Australia to Gold Fields Limited. Barrick also maintained its 2013 gold production guidance of 7.0-7.4 million ounces at AISC of $900-$975 per ounce.

Barrick sold the assets for total consideration of $300 million, subject to a closing adjustment deduction estimated at a value of $30 million. Gold Fields elected to satisfy the purchase price by delivering 28.7 million of its common shares for half the consideration at a volume weighted average price of $4.70 per share.