Barrick Gold

Barrick Readies Porgera for Restart

Retrieved on: 
Friday, August 4, 2023
Maintenance, Employment, Partnership, Reko Diq, PNG, Halifax International Security Forum, International Africa Development Forum, TSX, Barrick Gold, NYSE, Mining

PORGERA, Papua New Guinea , Aug. 04, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says.

Key Points: 
  • PORGERA, Papua New Guinea , Aug. 04, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is aiming to restart operations at the Porgera gold mine later this year, president and chief executive Mark Bristow says.
  • At the same event, the Mining Minister told the audience the maintenance of law and order was critical for the successful restart and operation of the mine.
  • Bristow commented that, if all goes according to plan, Porgera could be back in operation before the end of 2023.
  • Papua New Guinea stakeholders own 51% of New Porgera with Barrick Niugini Limited, which will operate the mine, holding 49%.

Weyerhaeuser Announces Appointment of James C. O'Rourke to Board of Directors

Retrieved on: 
Thursday, August 3, 2023
The Mosaic Company, Weyerhaeuser, University, Australia Pacific Airports Corporation, Compensation, Fertilizer, O'Rourke, Nutrient, The Toro Company, Science, Gold, Mining, Engineering, Health, Barrick Gold, Environment, NYSE, Safety, Management, Mosaic

SEATTLE, Aug. 3, 2023 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of James "Joc" C. O'Rourke, president and chief executive officer and a director of The Mosaic Company, to the company's board of directors.

Key Points: 
  • SEATTLE, Aug. 3, 2023 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) today announced the appointment of James "Joc" C. O'Rourke, president and chief executive officer and a director of The Mosaic Company, to the company's board of directors.
  • His appointment is effective immediately.
  • "We are very pleased to welcome Joc to the Weyerhaeuser board of directors," said Rick R. Holley, chairman of the board of directors.
  • He also serves as a director, chair of the Compensation and Human Resources Committee and member of the Nominating and Governance Committee of The Toro Company.

McEwen Copper Strengthens the Exploration Team by Welcoming Darren King as Exploration Director

Retrieved on: 
Thursday, August 3, 2023
Area studies, Mine exploration, SME, Registered, Metallurgy, Andes, MUX, MacEwen, Dominican Republic, Gold, Copper, National instrument, TSX, Growth, Barrick Gold, NYSE, Mining, Metal, Safety, Science, Veladero, Geology, Cerro de la Loma Larga

TORONTO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the appointment of Mr. Darren King as Exploration Director.

Key Points: 
  • TORONTO, Aug. 03, 2023 (GLOBE NEWSWIRE) -- McEwen Copper Inc., 52% owned by McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) is pleased to announce the appointment of Mr. Darren King as Exploration Director.
  • During his tenure, Darren also advanced regional exploration properties and ensured compliance with safety, social, and environmental standards.
  • Michael Meding, Vice President and General Manager of McEwen Copper stated, "We are delighted to have Darren join McEwen Copper.
  • Rob McEwen, Chairman and CEO of McEwen Mining, added “I look forward to the contributions Darren will make to McEwen Copper’s exploration endeavors as we pursue our ambitious goals.”

Change in Chief Financial Officer and the Appointment of Chet Holyoak As Interim Chief Financial Officer

Retrieved on: 
Wednesday, August 2, 2023
Mining, Minerals, Natural Resources, Southern Utah University, Responsibility assignment matrix, Interim, University, Strayer University, Corporate accountability, Economics, Business administration, Master of Business Administration, Market for corporate control, Tata Chemicals, Barrick Gold, NYSE, Management, Science

Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces the change of Chief Financial Officer with the departure of Kim Perry and the appointment of Chet Holyoak as Interim Chief Financial Officer.

Key Points: 
  • Gold Resource Corporation (NYSE American: GORO) (the “Company”) announces the change of Chief Financial Officer with the departure of Kim Perry and the appointment of Chet Holyoak as Interim Chief Financial Officer.
  • Effective August 1, 2023, Kimberly Perry is no longer employed as the Chief Financial Officer of Gold Resource Corporation (the “Company”).
  • Ms. Perry has served as the Chief Financial Officer of the Company since August 10, 2020.
  • Following the departure of Ms. Perry, Chet Holyoak, who is the Company’s Corporate Controller, has been appointed to serve as Interim Chief Financial Officer of the Company.

Barrick Targets 2028 for First Production from Reko Diq

Retrieved on: 
Tuesday, August 1, 2023
Partnership, Mineral, Reko Diq, Metal, Bristow, Mining, TSX, Federation, Copper, Barrick Gold, NYSE

ISLAMABAD, Pakistan, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow says with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028.

Key Points: 
  • ISLAMABAD, Pakistan, Aug. 01, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief executive Mark Bristow says with the updated feasibility study on the giant Reko Diq copper-gold project making rapid progress, the company is aiming to start production in 2028.
  • Speaking at the inaugural session of Pakistan’s first Minerals Summit, Bristow said the signing of the New Reko Diq agreement last year was a landmark event in the development of a mining industry in Pakistan, a process which will be accelerated by the Minerals Summit.
  • Barrick owns 50% of Reko Diq and is developing and will operate the mine.
  • The Balochistan province, which hosts the deposit, has a 25% share and the federal government holds the other 25% through state-owned entities.

A Comprehensive Multi-Year Process Extends the Life of Pueblo Viejo Mine to Beyond 2040

Retrieved on: 
Thursday, July 27, 2023
Peer review, Tax, Government, Gold, ESIA, Bristow, TSF, Biophysical environment, Dominican, TSX, Barrick Gold, Social impact assessment, NYSE, Property management

SANTO DOMINGO, Dominican Republic, July 27, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The Barrick operated Pueblo Viejo mine continues to advance the engineering design for the El Naranjo tailings storage facility (TSF) project which will extend its life to 2040 and beyond, president and chief executive Mark Bristow said here today1. The plant expansion and associated new TSF is designed to sustain gold production above 800koz per year (100% basis) going forward1.

Key Points: 
  • The plant expansion and associated new TSF is designed to sustain gold production above 800koz per year (100% basis) going forward1.
  • Speaking at a local media briefing, Bristow said that the comprehensive engineering, environmental and community process, conducted over several years, would enable Pueblo Viejo to double the enormous contribution it had already made to the Dominican Republic’s economy.
  • In line with its commitment to transparency, Bristow detailed the process leading up to the issuance of the environmental licence recently received for the new TSF.
  • The extension of the mine’s life will allow Pueblo Viejo to continue being a major creator of value for the Dominican Republic and its people far into the future,” Bristow said.

The Positive Impact of Responsible Mining at Barrick

Retrieved on: 
Tuesday, July 25, 2023
Reko Diq, Sustainability reporting, International Council, Recycling, International Council on Mining and Metals, Sustainable Development Goals, Biodiversity, Regeneration, Bristow, Investment, Mining, Water, Economic development, TSX, ESG, United, Barrick Gold, NYSE, Transport, Renewable energy

TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Effective and equitable socio-economic development worldwide would not be possible without the transformative contribution of responsible mining, Barrick president and chief executive Mark Bristow said today.

Key Points: 
  • TORONTO, July 25, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Effective and equitable socio-economic development worldwide would not be possible without the transformative contribution of responsible mining, Barrick president and chief executive Mark Bristow said today.
  • “We believe mining is the flywheel of development and therefore the entire industry is essential to the achievement of the SDGs,” he said.
  • “Done right, the mining industry is a powerful force for good in the global drive for social and economic development.
  • At Barrick, we continue to focus on sustainable delivery across our mines and projects in 14 countries,” Bristow said.

METALLA SELLS CORTEZ MINERAL CLAIMS TO NEVADA GOLD MINES FOR $5 MILLION AND DECLARES A SPECIAL DIVIDEND

Retrieved on: 
Tuesday, July 11, 2023
Gold rush, Lease, Nevada Gold Mines, Newmont, MTA, Cortez, NSR, JR, Sale, Special dividend, Philosophy, NEM, Gold, Royalty, Transaction, Battle, Barrick Gold, News, NYSE, Metalla, Holding company, Property

Brett Heath, President and CEO of Metalla, commented, "This transaction is a great example of the embedded optionality within our portfolio.

Key Points: 
  • Brett Heath, President and CEO of Metalla, commented, "This transaction is a great example of the embedded optionality within our portfolio.
  • Mr. Heath continued, "We are excited to declare a special dividend allowing shareholders of record to take part in this exciting sale.
  • The Property covers approximately 1,060 hectares of exploration land east and south of Nevada Gold Mines' Goldrush deposit along the Battle Mountain-Eureka trend.
  • The table below sets out the Special Dividend record and payment dates for shareholders of record.

Twiga Transforms Tanzanian Mining, Sets Standard for Industry

Retrieved on: 
Monday, July 10, 2023
Workforce, Partnership, Policy, Tax, Government, Student, Gold, Bristow, Mining, TSX, Barrick, Health, Barrick Gold, NYSE, Safety, Uranium mining, North Mara Gold Mine, Twiga Cement

NORTH MARA, Tanzania, July 10, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Twiga Minerals, the joint venture between the Tanzanian government and Barrick Gold Corporation, has revitalized the country’s gold mining industry through a partnership that should serve as a model for similar operations, particularly in developing regions, Barrick president and chief executive Mark Bristow said today.

Key Points: 
  • “We settled the dispute and established Twiga as a 50:50 economic benefits sharing partnership, which also vested a 16% shareholding in each mine with the government.
  • In addition, it has pledged $40 million to construct a 73 kilometre road from Kahama to Kakola.
  • Operationally, Bristow said the Twiga complex was continuing its strong production performance and was well on track to achieve its guidance for the year.
  • Globally, Barrick has a policy of prioritizing local employment and at Twiga this has delivered a workforce which is 96% Tanzanian, with almost half drawn from the communities around the mines.

Great Future Beckons for Lumwana as Barrick Unlocks Potential

Retrieved on: 
Friday, July 7, 2023
Policy, Tax, TSX, United, Employment, Barrick, Barrick Gold, NYSE, Lumwana, Mining

LUMWANA, Zambia, July 07, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick’s drive to transform the Lumwana copper mine into a Tier One1 asset with a life extending beyond 2060 is picking up speed with a strong performance in the past quarter adding impetus to its continuing production ramp-up.

Key Points: 
  • Briefing media at a site visit here today, Barrick president and chief executive Mark Bristow said the mine’s full potential was only now being revealed.
  • Additional expansion opportunities, identified through an updated geological model, are currently being assessed, while drilling at the Kababisa prospect highlights potential mining flexibility through higher grades.
  • The Lumwana pre-feasibility study is progressing in line with our plans to transform its long-term copper profile through the delivery of the envisioned super pit.
  • “Since Barrick refocused its strategy in Africa in 2019, Lumwana has become a key element in the expansion of our strategic copper portfolio and a significant contributor to our bottom line.