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Barrick Announces Agreement to sell Australian mine

Barrick Gold Corp. (TSX:ABX) says it’s divesting itself of a mine in Western Australia.

The Canadian giant said in a release Sunday night that the Plutonic mine is to be turned over to Northern Star Resources Ltd for A$25 million, subject to certain closing adjustments.

The transaction, which is subject to customary closing conditions, is expected to close in February, 2014.