Category: Gold

Egypt’s petroleum ministry said on Thursday July 20th that it had reached an agreement with mining firms Barrick Gold Corp and Centamin Plc on the commercial, fiscal and legal terms for exploitation of gold and associated minerals in a number of concession blocks they had been awarded. Centamin said in a separate statement that under the Model of Minerals Exploitation Agreement (MMEA) framework, exploitation licences would be issued for a 30-year stabilized fiscal and legal regime. The MMEA does not apply to the 160km2 Sukari gold mine mining concession, which… Read More Here

Barrick Gold Corporation announced that on July 12, 2023 it received 2,788,696 common shares of Cascadia Minerals Ltd. (“Cascadia”) as partial consideration for the acquisition by Hecla Mining Company (“Hecla”) of all of the common shares of ATAC Resources Ltd. (“ATAC”) pursuant to the previously announced plan of arrangement among Hecla, Alexco Resource Corp. and ATAC (the “ATAC Arrangement”). The Cascadia common shares owned by Barrick represent approximately 10.1% of Cascadia’s issued and outstanding common shares. Prior to completion of the ATAC Arrangement and the spin-out of Cascadia pursuant to… Read More Here

 Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) (“Barrick” or the “Company”) yesterday July 13th reported preliminary Q2 sales of 1.00 million ounces of gold and 101 million pounds of copper, as well as preliminary Q2 production of 1.01 million ounces of gold and 107 million pounds of copper. As previously guided, Barrick’s gold and copper production in 2023 is expected to increase through the year with the second half being higher than the first six months of 2023. The Company remains on track to achieve full year gold and copper guidance.1 The average… Read More Here