Barrick Gold’s Strengthening Balance Sheet: Key Highlights

Barrick Gold (ABX), along with other gold miners, has been punished for a long time by investors due to high debt, especially while precious metal prices (GLD)(SLV) were in for a downslide. Investors might recall that Barrick, Newmont Mining (NEM), and Kinross Gold (KGC) are among the miners that invested heavily at the peak of the cycle. Most of those assets were subsequently written off due to poor economics, infrastructure issues, and weaker precious metal prices.