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Barrick (GOLD) Revisits Fourmile Gold Deposit Plans, Study Deadline Uncertain

Key Points

Barrick’s Marquee Gold Project Fourmile Faces Hazy Study Timing A key study on one of the world’s richest gold discoveries, Barrick Mining Corp.’s Fourmile deposit in Nevada, is at risk of taking longer than previously expected as the miner considers new ways to develop it. Barrick is revisiting its plans for the giant deposit after reaching a deal to hand a stake over to its joint venture partner, Newmont Corp. The Toronto-based miner is evaluating options to access the project through the...

Barrick’s Marquee Gold Project Fourmile Faces Hazy Study Timing A key study on one of the world’s richest gold discoveries, Barrick Mining Corp.’s Fourmile deposit in Nevada, is at risk of taking longer than previously expected as the miner considers new ways to develop it. Barrick is revisiting its plans for the giant deposit after reaching a deal to hand a stake over to its joint venture partner, Newmont Corp. The Toronto-based miner is evaluating options to access the project through the neighboring Goldrush mine now that both are part of the broader Nevada complex, Tim Cribb, chief operating officer of Barrick’s North America business, told analysts on an earnings call Monday.
Barrick (ORG) Uncertain Barrick (PERSON) Marquee Gold Project Fourmile Faces Hazy Study (ORG) Barrick Mining Corp.’s (ORG) Nevada (LOCATION) Newmont Corp. (ORG) Toronto (LOCATION) Tim Cribb (PERSON) North America (LOCATION)
Originally published by Bloomberg Markets Read original →