While the measure allows the company to resume full operations, Barrick said it plans to gradually restart them.
Barrick Gold Corporation Mining News
The Robertson Property located about 96km (60 miles) south of Elko, Lander County, Nevada.
Union at Barrick's troubled operation, Argentina's largest gold mine, says strike will resume if there's no deal after two weeks of talks.
Local judge says the company failed to complete improvements that could have prevented the latest cyanide spill, the third such accident in less than 18 months.
Barrick, Cisco, Great Basin College announce partnership providing free digital career training for employees, other northern Nevadans.
$400,000 investment will help participants pursue IT focused exploratory, foundational, and career-ready courses
In addition to raising costs for miners and delaying certain projects, the focus on the amount of water used by the extraction industry in the region will boost social pressure and anti-mining sentiment, experts say.
Deal will also see the two firms looking at jointly developing the nearby Pascua-Lama gold, silver and copper project and evaluating additional investment opportunities in the area.
Measure is temporary, pending more information on what happened and the possible consequences of the new incident, San Juan’s governor said.
A local government spokesman said a pipe carrying a “rich mixture” of gold and rocks came lose on Tuesday night, but no official information has been disclosed.
Rumours come a year after the gold miner vowed to spend $640 million to extend the life of Lagunas Norte, worth about $1.4 billion according to industry experts.
The country's mining regulator will have to issue a new temporary closure plan for the project, including comments from other government offices.
The company is focusing on assets with the potential to add as much as 1.1 million ounces of gold to its total output beyond 2021.
But lower all-in sustaining costs mitigated the impact of decreased production, preliminary full-year figures show.
Executive Chairman John L. Thornton discusses company’s new global employee share plan.
The gold producer said the region will play an increasingly important role in its growth strategy.
The sales of Kalgoorlie and Barrick's 63% interest in Acacia would provide well in excess of $2 billion.
Barrick and NOVAGOLD announce the appointment of Andy Cole as General Manager of the Donlin Gold Project in Alaska
Barrick Gold Corporation (Barrick) and NOVAGOLD RESOURCES INC. (NOVAGOLD), the owners of Donlin Gold LLC, are pleased to announce the appointment of Andy Cole as General Manager of the Donlin Gold project in Alaska.
The potential sale of a 50% stake in Veladero mine could fetch Barrick more than $1 billion, sources familiar with the matter say.
The miner said it didn't expect the18-day suspension to have a significant impact on its 2016 operating guidance for Veladero.
The incident happened on Sep. 8, when a pipe carrying process solution in the heap leach area was struck by a large block of ice that had rolled down the heap leach valley slope, Barrick said.
George Bee will assume as vice president of the Argentine side of the project effective Sep. 12.
Mr. Hill brings added technical experience to the investment review process at Barrick, complementing the economic and financial expertise of Chief Financial Officer Catherine Raw.
Most of them have been after existing operations and companies, rather than trying to build mines from scratch.
Reporting to Executive Vice President and Chief Financial Officer Catherine Raw, Mr. Oh will lead Barrick's Investor Relations team, and will serve as a central point of contact for investor engagement on governance.
Early signs of activity include Kinross Gold's March decision to expand its Mauritanian gold mine and Goldcorp acquisition of junior Kaminak for $520 million in May.