‘Finding ounces better than buying them,' says Bristow as Barrick grows reserves and resources gold copper Africa Americas mining
NYSE- and TSX-listed Barrick Gold has delivered a significant increase in its resources and reserves in 2022, as the group continues to invest in organic growth through exploration and mineral resource management.
Total attributable gold mineral resources grew by nearly 10% relative to 2021, and total attributable copper mineral resources more than doubled, growing by 124% year-on-year, both net of annual depletion. This growth was driven by the successful completion of a preliminary economic assessment supporting the Lumwana Super Pit expansion, and the incorporation of Reko Diq, in Pakistan, following the reconstitution of the project in December.
In Africa, the Tier One operations led the growth in 2022 reserves, where Kibali completed an updated underground feasibility study on the 11000 lode, delivering a 0.62-million-ounce increase in attributable proven and probable reserves before depletion. Loulo-Gounkoto also delivered strong results replacing reserve depletion, which further extended the mine life by another year.
The reconstitution of the Reko Diq project added an attributable 18-billion pounds of copper at 0.44% with 15-million ounces of gold at 0.26 g/t to indicated resources, and an attributable 4.6-billion pounds of copper at 0.4% with 3.7-million ounces gold at 0.2 g/t to inferred resources.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comedians are finding lucrative side hustles — no joke — as babysittersChild care is hard to come by, and so are well\u002Dpaying comedy gigs, making the comedian babysitter a good solution. Find out more.
Read more »
Comedians are finding lucrative side hustles — no joke — as babysittersChild care is hard to come by, and so are well\u002Dpaying comedy gigs, making the comedian babysitter a good solution. Find out more.
Read more »
Comedians are finding lucrative side hustles — no joke — as babysittersChild care is hard to come by, and so are well\u002Dpaying comedy gigs, making the comedian babysitter a good solution. Find out more.
Read more »
More than 90 students stripped of degrees after finding out school wasn't accreditedOntario is in dire need of health-care workers, but more than 90 students who graduated from a private college program to be ultrasound technicians have been told they won’t be allowed to get jobs in their chosen field.
Read more »
94 students stripped of degrees after finding out school wasn't accreditedMore than 90 students who graduated from a private college program have been told they won’t be allowed to get jobs in their field.
Read more »
Q&A: Anna Mieke on finding her voiceIrish singer Anna Mieke, who was named ‘Best Irish Solo Act’ by The Irish Times, plays newly reopened Cobalt.
Read more »