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Monday, July 5, 2010

Centerra Gold (TSE:CG) Closes REN Deal with Barrick (NYSE:ABX)

Centerra Gold (TSE:CG) announced it has completed the sale of its 64 percent stake in the REN joint venture they had with Barrick Gold (NYSE:ABX) subsidiary Homestake Mining Company.

The 64 percent stake was sold by Centerra for $35.2 million.

Centerra was down in Toronto on Monday by $0.12, or 1.06 percent. The stock was trading at $11.24 as of 2:32 PM EDT.

Barrick was at $45.75, a $0.20 fall, or 0.44 percent as of 2:35 PM EDT in Toronto.

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