Barrick Gold Confirms Porgera Mine Operations Unaffected by Massive Landslide in Papua New Guinea
Barrick Gold announced on Monday that the Porgera Mine in Papua New Guinea remains fully operational and has sufficient fuel supplies for 40 days, despite a massive landslide in Enga province.
The landslide, which buried over 2,000 people according to the government, has created treacherous conditions that are hindering aid efforts and diminishing hopes of finding survivors.
The Porgera Mine, an underground gold mine, is operated by Barrick Gold in partnership with China’s Zijin Mining and stakeholders from Papua New Guinea. The mine resumed operations earlier this year following a four-year dispute.
Barrick Gold stated that the Porgera mine is providing support to survivors of the landslide, which occurred 30 kilometers from the mine site.
Shares of Barrick Gold saw a 1% increase on the Toronto Stock Exchange (TSX) on Monday morning following the news.
