The glacier inventory is now the most authoritative document indicating where the no-go zones are for mining.
Barrick Gold Mining News
Tanzania is seeking a bigger slice of the pie from its vast mineral resources by overhauling the fiscal and regulatory regime of its mining sector.
Converting the power plant that feeds the Pueblo Viejo mine from heavy fuel oil to natural gas is expected to reduce the operation’s average cost of sales and all-in sustaining costs by about $54 per ounce.
The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.
Automated mining technologies require governments and the mining industry to consider how efficiency gains will change local mining communities.
The materials industry, which includes miners, trails all other sectors in the Bloomberg World Index on rates of female participation.
Bringing the project to production is expected to take about four years, but Donlin gold project is still has a long way to go in the permitting process before construction and operations can begin.
Despite seeing gold output decline by 2%, Newmont claimed the title of world’s biggest bullion producer as it surpassed rival Barrick by 16,000 ounces in the first three months of the year.
Barrick Gold Corp reported a slightly better than expected increase in first-quarter adjusted profit on Monday.
Revenue in the first quarter slumped almost 50% due mainly to reduced operations at its flagship Bulyanhulu gold mine.
The company said its founder and chairman emeritus, Peter Munk, passed away Wednesday in Toronto, surrounded by his family.
The boss of the world's top gold miner has bought 306,000 additional shares in the company.
The gold miner’s employees will receive this year 90 shares each, taking the total held by staff to more than 1.5 million shares.
Company’s goal remains to reduce total debt to around $5 billion by the end of 2018.
Rough year shuffles ranks of global gold mining giants as Freeport makes a comeback – 2018 forecasts point to another tumultuous year.
Miner is advancing a pipeline of projects expected to contribute more than 1 million ounces of annual production starting in 2021.
Barrick Gold’s Chief Innovation Officer, Michelle Ash, will become the new Chair of GMSG in May 2018.
Mineralized intercepts encountered higher grades than predicted by previous modeling, said the project owners NovaGold and Barrick.
Tanzania's top gold producer said in conversations with potential investors over a stake in some or all of its operations in the East African nation.
Barrick, the world's biggest gold producer, said it expects to produce between 4.5 million and 5 million ounces of gold this year.
Top listed copper producer Freeport jumped 7.4% and with Vale – up 6% – was among the NYSE's top 10 most actively traded stocks.
The miner has also scrapped its 2017 dividend after full-year core earnings fell by more than a third because of a ban on unprocessed mineral exports in Tanzania.
Even with rising gold prices and a strengthened balance sheet, the world’s largest gold producer left shareholders with the worst returns among its top North American peers last year.
$429 million impairment on the stalled project after Chile environment agency ordered final closure.
“Barrick is excited to host the state’s first global mining hackathon in Las Vegas,” said Michael Brown, President, Barrick USA.