Barrick Gold (ABX) has sold its 8.5% stake in Perpetua Resources (PPTA).
The Canadian gold miner said it sold 5,382,587 common shares in Perpetua for gross cash
proceeds of $21.7 million, or $4.04 per share.
Idaho-based Perpetua is developing the Stibnite gold project. Barrick Gold said it sold the
shares for “investment portfolio management purposes.”
Barrick said that, following the sale, it no longer has beneficial ownership of, or control or
direction over, any shares in Perpetua.
Barrick Gold’s stock is up 9% this year at $25.98 a share.
