- After investing almost $2.187 billion in the past three years, Barrick Gold Corporation is seeking to expand its East African footprint.
After investing almost $2.187 billion in the past three years, Barrick Gold Corporation is seeking to expand its East African footprint. Barrick Gold president and CEO Mark Bristow said that North Mara and Bulyanhulu mines were set to hit the combined production more than 500,000 ounces for the second year running. North Mara Mine registered a record 505,000 tonnes of ore and waste mined last quarter, he informed.
Encouraged by success, the company is targeting further growth through reconnaissance and the consolidation of key licenses. Extension opportunities are also being examined along the Gokona strike and throughout the Bulyanhulu Inlier. Bristow stated that apart from the brownfield exploration to maintain the positive trend on resource expansion and conversion at the two mines, they are also looking further afield.
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