Barrick Gold Corp. Took another step in its strategy to exit the Australia Pacific region with a deal to sell the Cowal mine in New South Wales to Evolution Mining Ltd. For US$550 million in cash.That leaves only its 95 per cent owned Porgera gold mine in Papua New Guinea, and its 50 per cent stake in Kalgoorlie Consolidated Gold Mines Ltd., which operates the Fimiston Open Pit Australia largest open pit gold mine.Investors should be pleased to hear Barrick is using the proceeds to pay down debt, and they also be happy to know that the sale price for Cowal looks pretty attractive.It a 37 per cent premium to Raymond James analyst Phil Russo carrying value for the asset, reflecting the competition for scarce producing assets in the region.Cowal produced 268,000 ounces of gold at an all in sustaining cost of US$786 per ounce for Barrick in 2014.Russo noted that the sale marks a notable step in Barrick efforts to reduce its debt by US$3 billion this year, which should mean more assets sales in the future.The analyst also pointed out that should Barrick sell a 50 per cent stake in the Zaldivar copper mine in Chile, Porgera and Kalgoorlie at current prices in 2015, it would be about US$2.7 billion of the way toward its goal.asset sales drive debt reduction goal, operating leverage is sacrificed, he told clients.
Butch Jones. Again, we get to the draft and reaction in a moment, but after a few years of being a draft after thought, the Vols had six players from Jones first recruiting cycle in Knoxville. Amazingly, when Derek Barnett went off the boardThursday, it was the first UT first rounder since 2014.
The Running one is Elk Grove locally owned running specialty store that specializes in gait assessment and proper fitting for all its customers. So, whether you a long distance runner or a fast paced walker one visit to this shoe haven will make any form of exercise a more comfortable experience. This small store is staffed with experienced runners and triathletes to offer advice and proper fitting techniques to ensure a supportive fit that lasts for miles.
I decided not to leave New Orleans when Hurricane Katrina came since I had evacuated from the city for several other hurricanes such as George and Ivan. I had a false sense of security I was never expecting Katrina to hit. Now, my house is gone. As a Gatorade Player of the Year, Devlin will be able to select a national or local youth sports organization to receive a grant as part of the Gatorade It Forward program. Every Gatorade Player of the Year state winner receives a $1,000 grant to donate, and will have the opportunity to enter for an additional $10,000 spotlight grant by writing a brief essay explaining why their selected organization deserves additional support. Twelve spotlight grants one for each sport will be announced throughout the year..