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.
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