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Northern Nevada remains highly prospective for new gold discoveries and is “far from being a mature gold district”, Barrick Gold CEO Mark Bristow
According to Bristow, its Fourmile mine is expected to more than triple its current mineral resource of 0.48 million ounces at 10.04 g/t indicated in addition to 2.7 million ounces at 10.1g/t inferred. “The most significant development, however, was the completion of the Goldrush permitting process at the end of 2023. This enabled Cortez to accelerate the development of a key project which will already make a significant production contribution this year,” he added.
NGM completed the commissioning of the first 100 megawatt phase of its solar power project in the last quarter of 2023, with the second 100 megawatt scheduled to come on stream in the second half of this year.Last year, Barrick’s gold output hit its lowest level since 2000 following a series of setbacks across its operations.
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