Barrick Gold announced that at the halfway mark of the year, its giant Loulo-Gounkoto gold complex in Mali is on track to meet its production guidance of 510,000 – 560,000 ounces for 2022 and replace its annual reserve depletion to extend the mine life beyond 2037., while an increase in mineral reserves net of depletion was underway through successful exploration. Promising results from the Yalea Ridge and Gounkoto-Faraba targets also reaffirmed the potential for further life-of-mine extensions.
The executive pointed out that first as Randgold and now as Barrick, the Toronto-based company has been operating in Mali for 25 years and plans to stay there for another quarter of a century.
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