Home / Metal News / Barrick Gold extends the Life of Veladero Gold Mine this year gold production is expected to be 230000-250000 ounces

Barrick Gold extends the Life of Veladero Gold Mine this year gold production is expected to be 230000-250000 ounces

iconAug 26, 2019 10:08
Source:SMM
Mark Bristow, chief executive of Barrick Gold Company (Barrick Gold), announced over the weekend that the company plans to invest $34 million in its Veladero gold mine in western Argentina to extend its mining life to 2028. The company expects the mine to produce 230000 to 250000 ounces of gold this year.

SMM8, 26th: Barrick Gold Company (Barrick Gold) CEO Mark Bristow announced over the weekend that the company plans to invest US $34 million in its Veladero gold mine in western Argentina and plans to extend the mining life of the mine to 2028.

Veladero is one of the largest gold mines in Argentina.

In 2018, the Veladero project produced 278000 ounces of gold and is currently inferred to have 555000 ounces of gold reserves. The company expects the mine to produce 230000 to 250000 ounces of gold this year.

 

"Click to learn more and sign up for the 2019 China Electrical Materials supply and demand Trading Summit"

 

Gold
price forecasts
production

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news

SMM Events & Webinars

All