Loulo-Gounkoto Complex Continues to Invest in Its Future and Points to Ongoing Improvement in Production [Canadian Business Journal (Canada)]
Barrick Gold Corporation (BC) (GOLD)
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Source: Canadian Business Journal
Loulo-Gounkoto Complex Continues to Invest in Its Future and Points to Ongoing Improvement in Production, The Canadian Business Journal makers LOULO GOLD MINE, Mali, Jan. 22, 2019 (GLOBE NEWSWIRE) — The Loulo-Gounkoto complex in Mali posted a fourth consecutive quarterly improvement in gold production, despite an illegal work stoppage that caused it to miss its full year production guidance of 690,000 ounces by four percent. In addition to this, 2018 was a record throughput year of more than five million tonnes at close to the complex’s reserve grade. Speaking at a briefing here for local media, Barrick President and Chief Executive Mark Bristow noted that the complex, which ranks among the recently-merged Barrick/Randgold group’s Tier One “A preliminary economic assessment of the Loulo 3 open pit and underground project has been completed and drilling continues to expand the area of high-grade mineralization south of the Yalea orebody. Exploration of the Faraba structure on the Go
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