BUZZ-Barrick Gold Corp: On track to achieve debt target

Thu Aug 6, 2015 1:24pm EDT
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** Shares of the world's biggest gold miner by output up 6 pct at C$9.20

** Says well on track to slash debt by at least $3 bln in 2015

** Company pays down $2.7 bln in debt, or 90 pct of target; total debt $12.8 bln as of June

** Says close to announcing financing deal for its Dominican mine and sale of some U.S. assets

** Mackie Research upgrades Toronto-listed stock to "buy" from "hold"

** "We see fundamental value creeping in even though it is a bit early yet to gauge ABX's success on restructuring," Mackie Research analysts write

** Up to Wednesday's close, stock had fallen about 30 pct this year on the Toronto Stock Exchange