Revitalized Veladero Poised for New Future
Barrick Gold Corporation (BC) (GOLD)
Last barrick gold corporation (bc) earnings: 2/12 07:00 am
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randgoldresources.com
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Source: GlobeNewswire
SAN JUAN, Argentina, March 16, 2020 (GLOBE NEWSWIRE) -- The life of the Veladero gold mine in Argentina has been extended to at least 10 years following a comprehensive review of its strategy and business plan, Barrick president and chief executive officer Mark Bristow said today. Bristow was briefing an Argentinian audience of local media, government authorities and local business and community leaders on the mine’s progress from Barrick’s offices in Chile, via a video conference to comply with the Covid-19 related travel restrictions imposed by Argentina. “Our review included the reinterpretation of the mine’s geology and an ongoing infill drilling campaign. We established exploration and resource management teams to identify satellite orebodies with the potential to deliver an increase in resources and reserves. Our aim is to extend Veladero’s life of mine beyond 2030 and elevate it to a Tier One asset,” he said. Barrick defines a Tier One mine as one that produces in excess o
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