Barrick Gold Corp. - The Lumwana copper mine's Super Pit expansion project has been accelerated with first production now scheduled for 2028, Barrick president and chief executive Mark Bristow advised Zambian president Hakainde Hichilema at their meeting here today. The project will transform Lumwana into one of the world's major copper mines, with projected annual production of around 240,000 tonnes per year over a [...]
Barrick Gold Corp. - Barrick's North Mara and Bulyanhulu gold mines have sustained their strong performance and achieved their production guidance for 2023. The mines are part of Twiga Minerals, a joint venture between Barrick and the Government of Tanzania. Speaking to media here today, president and chief executive Mark Bristow said the transformation of two derelict mines into a world-class complex which, on a combined [...]
Barrick Gold Corp. - The role of a sustainable mining company is not only to create value for stakeholders today but to ensure it leaves behind a positive legacy that will continue to serve local communities long after mining is complete. This is according to Barrick president and chief executive Mark Bristow who was speaking today at the official handover ceremony of the new airport terminal built at the closed Buzwagi [...]
Barrick Gold Corp. today reported preliminary full year and fourth quarter 2023 production results. On the back of higher Q4 production, preliminary gold production for the full year of 4.05 million ounces was consistent with our forecast as guided in our third quarter release.1 Preliminary copper production of 420 million pounds for 2023 was within the guidance range of 420 to 470 million pounds. The preliminary Q4 [...]
Barrick Gold Corp. will release its Q4 2023 results on Wednesday, February 14, 2024. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EST, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales and cost information for Q4 2023 on January 16, 2024. Release of Q4 preliminary [...]
It is with great sadness that the Board of Barrick Gold Corp. informs you of the passing of Gustavo Cisneros on December 29, 2023. Mr. Cisneros was an independent member of the Board from 2003, chairing its Environment, Social and Governance and Nomination Committee and serving as a member of the Compensation Committee. He was also a member of Barrick's International Advisory Board, which advises the Board on geopolitical [...]
Barrick Gold Corp. - Following the formal completion of the Porgera Project Commencement Agreement today, work has started on the recommissioning of the Porgera gold mine in Papua New Guinea, which has been in care and maintenance since April 2020. This work is expected to be completed over the next few weeks, paving the way for mining and processing to restart in the first quarter of 2024. Barrick president and chief [...]
Barrick Gold Corp. - The US Bureau of Land Management has issued a Record of Decision approving Nevada Gold Mines' plan of operations for its new Goldrush underground mine at the Cortez Complex near Beowawe, Nevada. The long-life mine is expected to start ramping up production in 2024 after the commissioning of the initial project infrastructure and is forecast to produce 130,000 ounces in 2024 and grow to approximately [...]
Barrick Gold Corp. announced today that the Porgera mine in Papua New Guinea is set to resume operations later this month and is expected to start pouring gold again in the first quarter of 2024. This follows the satisfaction of the conditions to the Porgera Project Commencement Agreement, in which a new ownership structure was agreed. Barrick president and chief executive Mark Bristow said the reopening of the mine [...]
Barrick Gold Corp. - The Copper Mark, Mining Association of Canada, ICMM and the World Gold Council today announced their intention to work together to consolidate their respective responsible mining standards into one single standard. Barrick supports this initiative and has been an advocate of this consolidation for many years. "Having one standard for responsible mining will not only provide clear direction on what [...]
Barrick Gold Corp. announced today that on November 10, 2023, it purchased 7,000,000 warrants to purchase common shares of Hercules Silver Corp. for total consideration of C$6,580,000. The warrants were immediately exercised at their exercise price of C$0.11 per Hercules common share. Prior to its acquisition and exercise of the warrants, Barrick owned 26,556,870 common shares of Hercules and 6,804,918 warrants [...]
Barrick Gold Corp. announced today that it has agreed to subscribe for 21,265,370 units of Hercules Silver Corp. in a non-brokered private placement at a price of $1.10 per Unit, for total consideration of $23,391,907. Each Unit is comprised of one common share and 0.32 of a common share purchase warrant, where each whole warrant will entitle the holder for a period of two years to acquire one Hercules common share at a [...]
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