Global mining company Barrick plans to double its copper output by the end of the decade and continue to increase its production of the metal to an estimated one-billion pounds, or 450 000 t/y, by 2031, says president and CEO Mark Bristow. The substantial growth in copper production combined with the output from Barrick’s gold portfolio is expected to increase the group’s attributable production by some 30% to 6.8-million gold-equivalent ounces by 2031.
Global mining company Barrick plans to double its copper output by the end of the decade and continue to increase its production of the metal to an estimated one-billion pounds, or 450 000 t/y, by 2031, says president and CEOThe substantial growth in copper production combined with the output from Barrick’s gold portfolio is expected to increase the group’s attributable production by some 30% to 6.8-million gold-equivalent ounces by 2031.
Reko Diq, in Pakistan, is positioned to rank as one the world’s top ten copper mines when it reaches full production and the prefeasibility study on the Lumwana Super Pit expansion, in Zambia, is projected to deliver a potential of 240 000 t/y of copper production from a 50-million-tonne process plant expansion over a 36-year life-of-mine.
“Within our gold growth portfolio, the wholly-owned Fourmile project [in Nevada] is a best-in-class development project located in the world’s most prolific gold district adjacent to existing infrastructure, with ongoing drilling demonstrating significant potential to increase in grade and size.
Similarly at Turquoise Ridge, the miner expects to build on the already significant reserves and resources base with multimillion-ounce potential growth opportunities at Cricket Corridor to the east, BBT Corridor to the south, and Getchell Fault zone to the west. This will potentially further add to the existing ten-year production profile of 550 000 oz/y to 700 000 oz/y.
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