15:40:22 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,751,981,799
Close 2019-03-21 C$ 17.76
Market Cap C$ 31,115,196,750
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Barrick limits Golden Sunlight mining to existing areas

2019-03-21 14:29 ET - News Release

Mr. Mark Bristow reports

UPDATE ON OPERATIONS AT GOLDEN SUNLIGHT

The Golden Sunlight mine, operated by Barrick Gold Corp., has been approaching the end of its operational life in recent years, with the mine's remaining gold reserves nearly depleted. Following a detailed review of the Golden Sunlight operation, new underground development has ceased, and mining is limited to existing areas only. A final mill run to process gold ore is currently scheduled for May, 2019.

Underground and surface exploration drilling will continue at the operation, with a focus on the southern extension of the Sunlight vein. The company will also complete metallurgical testwork and a structural geological model associated with the APEX target.

In addition, Barrick will be evaluating the potential to reprocess historic tailings, while conducting hydrological and geochemical studies to support continuing water treatment and reclamation work as part of its commitment as responsible owners of the Golden Sunlight mine.

The company's work force and community partners' interests remain a priority and Barrick will continue with responsible environmental stewardship and management of its social and economic commitments as it works through this evaluation process. In the coming months, Barrick will review the findings from these different work streams and determine the path forward for the operation, at which time a further update will be communicated.

We seek Safe Harbor.

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