Bulyanhulu Gold Mine

Draslovka and Barrick Gold Commence Commercial Use of Glycine Leaching Technology for Gold Mining

Retrieved on: 
Thursday, February 29, 2024

Draslovka a.s ("Draslovka"), a provider of sustainability-led technologies, reagents and services for mining and the energy transition, has progressed its previously announced partnership with Barrick Gold Corporation ("Barrick") and today announces the start of commercial use of its revolutionary glycine leaching technology for gold, GlyCat™ (“GlyCat”), at Barrick’s Buylanhulu operation in Tanzania.

Key Points: 
  • Draslovka a.s ("Draslovka"), a provider of sustainability-led technologies, reagents and services for mining and the energy transition, has progressed its previously announced partnership with Barrick Gold Corporation ("Barrick") and today announces the start of commercial use of its revolutionary glycine leaching technology for gold, GlyCat™ (“GlyCat”), at Barrick’s Buylanhulu operation in Tanzania.
  • In addition, Draslovka and Barrick’s strategic partnership will now include a broader testing programme in 2024 that will span multiple mining sites.
  • At Bulyanhulu Gold Mine, the GlyCat pilot programme has led to an 80% reduction in cyanide consumption while achieving gold recoveries that are comparable to traditional cyanidation.
  • Pavel Bruzek Jr, CEO of Draslovka, commented: “This licensing agreement follows a highly successful pilot programme that proved the major benefits GlyCat offers to the gold mining industry.

TRX Gold Announces Passing of Founder and Chairman James E. Sinclair

Retrieved on: 
Monday, October 9, 2023

TORONTO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TNX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is deeply saddened to announce the passing of its founder and Chairman James E. Sinclair on October 6, 2023, at the age 82.

Key Points: 
  • TORONTO, Oct. 09, 2023 (GLOBE NEWSWIRE) -- TRX Gold Corporation (TSX: TNX) (NYSE American: TRX) (the “Company” or “TRX Gold”) is deeply saddened to announce the passing of its founder and Chairman James E. Sinclair on October 6, 2023, at the age 82.
  • James passed away peacefully at home in Connecticut, U.S.A.
    James founded TRX Gold and acted as Chairman and Director since 2000.
  • “This is a great loss and moment of sadness for all of us at TRX Gold and the Buckreef Gold Project.
  • We will continue to build on our current successes and his substantial legacy,” explains Stephen Mullowney, TRX Gold Chief Executive Officer.

Twiga Partnership Shows the Transformative Impact of Mining, Says Barrick

Retrieved on: 
Friday, September 29, 2023

NORTH MARA GOLD MINE, Tanzania, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) and the Tanzanian government are demonstrating how mining can be an enormous force for good when miners and their host governments work together to create sustainable value for all stakeholders, says president and chief executive Mark Bristow.

Key Points: 
  • Since taking over the two moribund mines in 2019, Barrick has transformed them into a world-class gold mining complex making a substantial contribution to the company’s bottom line.
  • The mines spent 84% of their procurement budgets with local companies, and Tanzanian citizens account for 96% of their workforce.
  • In the same spirit of partnership, Barrick has committed $40 million to a roadbuilding program and a further $30 million to the improvement of the country’s education facilities.
  • “Our Twiga partnership is not only adding value to the Tanzanian economy but to the quality of the lives of the communities around its mines as they continue to grow.

Tembo to Generate Maiden Resource Estimate

Retrieved on: 
Thursday, May 25, 2023

Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Tembo Gold Corp. (TSXV: TEM) (FSE: T23A) (OTCQB: TBGPF) ("Tembo" or the "Company") - David Scott, President & CEO, is pleased to announce that the Company has initiated a maiden resource estimate on its Tembo property, and provides an update on the Company's strategy for its Tembo project in 2023, focusing initially on resource evaluation and new target testing.

Key Points: 
  • Vancouver, British Columbia--(Newsfile Corp. - May 25, 2023) - Tembo Gold Corp. (TSXV: TEM) (FSE: T23A) (OTCQB: TBGPF) ("Tembo" or the "Company") - David Scott, President & CEO, is pleased to announce that the Company has initiated a maiden resource estimate on its Tembo property, and provides an update on the Company's strategy for its Tembo project in 2023, focusing initially on resource evaluation and new target testing.
  • The detailed review of the historical drill database, reinforced by the new information generated by the most recent drill campaign, has now positioned Tembo to undertake its first resource estimation with a high degree of confidence.
  • It is expected that a resource statement will be released within six to eight weeks.
  • A total of US$28mm has been spent to date on exploration on the Tembo Gold Property.

Barrick Pledges $30 Million Towards School Development in Partnership With Tanzania

Retrieved on: 
Monday, March 20, 2023

DODOMA, Tanzania, March 20, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – In a meeting today between Barrick president and chief executive Mark Bristow and Tanzania president Samia Suluhu Hassan, the company affirmed its pledge of $30 million in partnership with the Tanzanian government, towards the expansion of education infrastructure in Tanzania.

Key Points: 
  • DODOMA, Tanzania, March 20, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – In a meeting today between Barrick president and chief executive Mark Bristow and Tanzania president Samia Suluhu Hassan, the company affirmed its pledge of $30 million in partnership with the Tanzanian government, towards the expansion of education infrastructure in Tanzania.
  • The first $10 million will be paid in April and the balance will be rolled out with the program.
  • “We believe that education is key to the development of the country.
  • Through their community development committees, the mines had invested more than $10 million in projects to improve healthcare, education, access to potable water and the road infrastructure.

Barrick Gold to Roll Out Draslovka’s Glycine Leaching Technology Worldwide

Retrieved on: 
Monday, March 6, 2023

Draslovka a.s (‘Draslovka’), a leading specialty chemicals company, has agreed with Barrick Gold Corporation (‘Barrick’), to roll out a global testing and implementation programme for Draslovka’s cutting-edge proprietary glycine gold leaching product, GlyCatTM (‘GlyCat’), across several mines.

Key Points: 
  • Draslovka a.s (‘Draslovka’), a leading specialty chemicals company, has agreed with Barrick Gold Corporation (‘Barrick’), to roll out a global testing and implementation programme for Draslovka’s cutting-edge proprietary glycine gold leaching product, GlyCatTM (‘GlyCat’), across several mines.
  • The implementation of Draslovka’s technology can potentially unlock substantive savings and generate value for Barrick’s operations while improving their environmental footprint.
  • Depending on the type of ore, using GlyCat in existing leaching circuits allows for a 20% to 80% reduction in cyanide usage while reducing or entirely eliminating cyanide detoxification requirements.
  • Barrick is the first major mining company to recognise the potential glycine leaching offers.

Barrick Refutes North Mara Human Rights Allegations

Retrieved on: 
Tuesday, December 13, 2022

TORONTO, Dec. 13, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today said it understood that the Leigh Day law firm, in conjunction with a UK-based corporate watchdog known as RAID, has brought or intends to bring a claim in the UK against the London Bullion Market Association in connection with the alleged killings of two individuals in the vicinity of the North Mara gold mine in Tanzania by police acting on its behalf. Barrick is not a party to these proceedings.

Key Points: 
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words “target”, “set to achieve”, “looking to expand”, “potential”, “future,” “continue”, “improve”, “would”, “commit”, “advance”, “generate”, “expect”, “will”, and similar expressions identify forward-looking statements.
  • Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19.
  • Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

Organic Growth Powers Robust Production Profile for Barrick

Retrieved on: 
Friday, November 18, 2022

NEW YORK, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick’s industry-leading portfolio of gold and copper assets is projected to show strong growth over the next five and 10 years, president and chief executive Mark Bristow told an investor meeting here today.

Key Points: 
  • The initial capital estimate for the Pueblo Viejo plant expansion and mine life extension project has been updated and is now $2.1 billion (previously $1.4 billion).
  • As of September 30, 2022, $718 million has been incurred on the project.
  • Net debt of $4.2 billion is calculated as debt ($5,738 million) less cash and equivalents ($1,571 million) as of December 31, 2018.
  • All of the forward-looking statements made in this press release are qualified by these cautionary statements.

New Found Intercepts 85.7 G/T AU Over 5.65M & 13.4 G/T AU Over 9.05M at Keats Main Zone, Initiates Use of Chrysos PhotonAssayTM Method

Retrieved on: 
Wednesday, November 16, 2022

Chrysos PhotonAssayTM machines have been commissioned by some of the largest commercial assay laboratories including Intertek's laboratory facility in Perth, Australia.

Key Points: 
  • Chrysos PhotonAssayTM machines have been commissioned by some of the largest commercial assay laboratories including Intertek's laboratory facility in Perth, Australia.
  • It is an environmentally friendly alternative to traditional fire assay methods that utilize lead in the process.
  • Included high-grade intercepts are reported as any consecutive interval with grades greater than 10 g/t Au.
  • Drill core is split in half using a diamond saw or a hydraulic splitter for rare intersections with incompetent core.

Barrick Targets Further Growth in Tanzania

Retrieved on: 
Saturday, October 22, 2022

NORTH MARA, Tanzania, Oct. 22, 2022 (GLOBE NEWSWIRE) -- With its North Mara and Bulyanhulu gold mines set to achieve a combined production in excess of 500,000 ounces1 for the second year running, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is looking to expand its East African footprint from this base.

Key Points: 
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words target, set to achieve, looking to expand, potential, future, continue, improve, would, commit, advance, generate, expect, will, and similar expressions identify forward-looking statements.
  • Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19.
  • Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.