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Why Barrick Gold’s Financial Leverage Isn’t Much of a Concern Now

Annie Gilroy
Why Barrick Gold’s Financial Leverage Isn’t Much of a Concern Now

Some miners (GDX), including Barrick Gold (ABX), Newmont Mining (NEM), and Kinross Gold (KGC), were especially affected by peak cycle acquisitions and the resulting write-downs. Most of this debt reduction has been driven by the sale of its noncore assets. At the end of the third quarter, Barrick Gold’s total debt was $5.7 billion compared to $6.4 billion at the end of the first quarter.