Following shareholder approval, Toronto-headquartered Barrick Gold has completed its name change to Barrick Mining Corporation and Société minière Barrick in French. “Barrick’s vision is to be the world’s most valued gold and copper exploration, development and mining company. Along with our world-class portfolio of six Tier-1 gold mines, we are building a substantial copper business which will be a meaningful…
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Barrick Gold exits Alaskan gold project
Barrick Gold has reached an agreement to sell the 50% interest in the Donlin gold project in Alaska held by its subsidiary to affiliates of Paulson Advisers and NOVAGOLD Resources for $1 billion in cash. In addition, Barrick has granted NOVAGOLD an option to purchase the outstanding debt owed to Barrick in connection with Donlin for $90 million if purchased…
Read MoreEpiroc BEV Boltec M10 rig electrifies Nevada Gold Mines
Epiroc has successfully deployed the first Boltec M10 Battery rig in the U.S. at Nevada Gold Mines, aligning with the industry’s shift toward cleaner and more efficient technologies. “Nevada Gold Mines embraces shifting to a more decarbonized method of mining and is looking forward to the benefits of the BEV Boltec M10 and seeing its success,” said David Byrnes, mine…
Read MoreGoldrush good to go
Barrick Gold’s Nevada Gold Mines has confirmed receipt of its plan of operations for the new Goldrush underground mine at the Cortex complex in Beowawe, Nev., from the U.S. Bureau of Land Management, allowing it to advance to active status. The record of decision from the agency sets forth Goldrush’s plan to start ramping up in 2024 after commissioning of…
Read MoreNevada Gold Mines strengthens operating muscle
Barrick said Nevada Gold Mines, its majority-owned joint venture with Newmont, has commissioned the first seven of a new 22-unit Komatsu 930E fleet of electric mine trucks ahead of schedule. The rest of the fleet is due later this year. Nevada Gold Mines Chairman Mark Bristow said that despite the exceptional quality of the complex’s assets and vast potential, addressing…
Read MoreVentilation conversation is in the air
The North American Mine Ventilation Symposium is back in the Black Hills for its 19th annual gathering – with delegates getting to return to in-person networking and learning. By Donna Schmidt The North American Mine Ventilation Symposium, better known as NAVMS or Mine Vent, is returning to the South Dakota School of Mines from June 17-23, with hundreds headed to…
Read MoreBarrick Gold adopting Sandvik RMS globally
Miner Barrick Gold will be adopting Sandvik’s Remote Monitoring Service (RMS) across its entire global fleet – more than 200 trucks, loaders and drills – following success with the system’s implementation at the Loulo-Gounkoto underground complex in Mali, West Africa. Sandvik officials said RMS is already being rolled out at Barrick sites in the U.S., Canada, Central Africa and West…
Read MoreBarrick Gold to test glycine gold leaching
Barrick Gold has agreed to roll out a global testing and implementation program for specialty chemicals company Draslovka’s proprietary glycine gold leaching product – GlyCat. The technology can potentially unlock substantive savings and generate value for Barrick’s operations while also improving its environmental footprint. Starting at the Bulyanhulu gold mine in Tanzania and several other Barrick operations, largescale test work…
Read MoreBarrick sets sights on Nevada Gold Mines
Canadian miner Barrick Gold said it would be open to acquiring Newmont’s stake in its Nevada Gold Mines joint venture as Newmont seeks a takeover of Newcrest, reported Reuters. “We can’t see much strategic benefit in just getting big for bigness sake, and we don’t agree with you that it builds a better company with more gravitas,” Barrick Gold CEO…
Read MoreNewmont proposes Newcrest US$16.9 billion takeover
In a move to combine two of the top senior gold producers, U.S.-based Newmont has submitted a non-binding proposal to acquire 100% of the issued share capital of Australian peer Newcrest Mining by way of a scheme of arrangement. If successful, it would be the largest mining takeover and the third-largest corporate buyout in Australian history, according to Refinitiv data.…
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