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Stock impact report

Barrick's Kibali tier 1 production profile extended to 2033 [Seeking Alpha]

Barrick Gold Corporation (BC) (GOLD) 
Last barrick gold corporation (bc) earnings: 2/12 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: randgoldresources.com
Company Research Source: Seeking Alpha
Barrick's Kibali tier 1 production profile extended to 2033Mar. 27, 2023 6:26 PM ETBarrick Gold Corporation (GOLD)ABX:CAAUBy:Carl SurranSA News EditorOat_Phawat/iStock via Getty ImagesBarrick Gold (NYSE:uphold the tier one status of its Kibali mineThis is thefourth successive year the Kibali joint venture between Barrick Gold () and AngloGold Ashanti () has replaced the ounces that it mined, extending its tier one status to 2033.Exploration also raised Kibali's reserves to a level equivalent to the original 2010 feasibility study, despite having produced more than 6.4M oz of gold since commissioning, Barrick (The company defines a tier one gold mine as an asset with a reserve potential to deliver a minimum 10-year life, production of at least 500K oz/year of gold and total cash costs per oz over the mine life that are in the lower half of the industry cost curve; Kibali produced nearly 750K oz of gold in 2022, making it Africa's biggest gold mine.analysis published recently on Seeking Show less Read more
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