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Golden Minerals is a junior silver producer with a strong growth profile, listed on both the NYSE Amex and TSX.

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posted on Sep 08, 2008 05:20PM

Barrick Gold sells $1.25 billion debt in three parts: IFR

Mon Sep 8, 2008 6:29pm ED

NEW YORK (Reuters) - Toronto-based miner Barrick Gold Corp (ABX.TO: Quote) (ABX.N: Quote) on Monday sold $1.25 billion in a three-part debt deal, said International Financing Review.

The deal consisted of $500 million five-year notes, sold through its Barrick Gold Financeco unit, which was priced at 99.979 to yield 3.15 percentage points more than comparable U.S. Treasuries.

A second tranche of $500 million 10-year notes, sold through its Barrick North America unit was priced at 99.769 to yield 3.15 percentage points more than treasuries.

The third portion also sold through Barrick North America, was a $250 million 30-year bond tranche priced at 99.643 to yield 3.25 percentage points more than treasuries.

Leading managers for the sale were JPMorgan Chase and Morgan Stanley, said IFR, a Thomson Reuters Company.