- Barrick Gold Corporation (ABX) starts off with strong performance this year and its Kibali Gold Mine is on track to equal its production from last year
- Last year the company replaced the reserves again depleted by mining
- The KZ trend of orebodies continues to deliver opportunities for substantial growth
- Barrick completes another section of the Durba Road to Watsa and the resettlement of the Kalimva-Ikamva and Pamao villages has started
- Barrick Gold Corporation (ABX) is up 0.42 per cent trading at $31.00 per share as of 1:05 p.m. ET
Barrick Gold Corporation (ABX) starts off with strong performance this year and its Kibali Gold Mine is on track to equal its production from last year.
Last year the company replaced the reserves again depleted by mining. Its KZ trend of orebodies continues to deliver opportunities for substantial open pit and underground growth.
Mark Bristow, President and CEO of Barrick, stated,
“Barrick is continuing to invest in the DRC (Democratic Republic of Congo), not only by developing the many new growth opportunities which are extending Kibali’s life, but also through pursuing greenfields exploration and other opportunities across the country as we search for our next world-class discovery.”
Another section of the Durba Road to Watsa is complete and the resettlement of the Kalimva-Ikamva and Pamao villages has started with the first group of people moving into their new homes.
On the health and safety front, there have been zero lost time injuries during the quarter so far. Malaria and HIV programs continue to deliver infection rate reductions and 60 per cent of Barrick employees have been vaccinated against COVID-19.
As the largest gold mine in Africa, Kibali has invested almost $4 billion in the DRC to date through royalties, taxes and permits.
Barrick Gold Corporation (ABX) is up 0.42 per cent trading at $31.00 per share as of 1:05 p.m. ET.