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Additional Information
Market: TSX, NYSE
Sector: Gold Mining
Epic: ABX
News: Latest news
Web Site: Barrick Gold
Other Articles: 18-06-201029-04-201018-03-2010 
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Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

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Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

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Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

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Barrick Gold

Barrick Gold

Barrick is the world’s pre-eminent gold producer, with a portfolio of 27 operating mines, many advanced exploration and development projects located across five continents, and large land positions on the most prolific and prospective mineral trends. The Company also has the largest reserves in the industry, with 124.6 million ounces of proven and probable gold reserves, 6.2 billion pounds of copper reserves and 1.03 billion ounces of contained silver within gold reserves as at December 31, 2007.

In 2007, Barrick produced 8.06 million ounces of gold at a cash cost of $350 per ounce. In addition, the Company produced 402 million pounds of copper at a total cash cost of $0.83 per pound. For 2008, Barrick is targeting gold production of 7.6-8.1 million ounces and copper production of approximately 380-400 million pounds. Total cash costs are expected to be $390-$415 per ounce of gold and $1.15-$1.25 per pound of copper.

Monday, June 15, 2009

Barrick Gold to process ore from Crescent Gold's Laverton Project

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Crescent Gold (ASX: CRE) has signed an Ore Purchase Agreement (OPA) with Barrick Gold Corporation whereby Barrick will purchase ore from Crescent’s Laverton Gold Project, north of Kalgoorlie in Western Australia.

Barrick will process the ore at its nearby Granny Smith Mill at Laverton due to commence in fourth quarter 2009. Minimal capital expenditure will be required by Crescent to commence production and delivery of ore to Barrick’s GSM. 1.8 mtpa of Crescent ore will be mined and delivered for processing through the Barrick GSM facilities, located just 20km from Crescent’s operations.

Purchase price for Crescent’s gold ore will be established by an agreed pricing methodology that takes into consideration the current gold price, volume of ore, the ore grade, recovery rate and the pro-rata cost of processing.

Crescent’s 100% owned 1.5 million tonne per annum (mtpa) Barnicoat mill at Laverton will remain on a care and maintenance status.

The deal appears a win-win for Crescent and Barrick, reducing operating costs for Crescent and a buyer for its ore.  There also could be potential to sell additional ore from its 6 deposits to Barrick under the agreement. This maybe the start of road back for Crescent.  For Barrick, it obtains feed for its mill. 

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