Reported 1 day ago
Barrick Gold Corporation has reported a substantial update to its mineral resource estimate for the Fourmile project in Nevada, revealing a 192% increase in indicated resources and a 137% rise in inferred resources. The update includes the addition of 25 new drill holes and reflects Barrick's commitment to organic growth through exploration rather than mergers. Anticipating 2024 gold production at the lower end of previous guidance, Barrick plans for significant capital expenditures while its shares have outperformed the industry over the past year.
Source: YAHOO