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The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 kilometres north-west of Port Moresby. Barrick and Zijin Mining Group each own 47.5% of the operation, with the remaining 5% interest held by Mineral Resources Enga.
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TORONTO — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) ("Barrick" or the "Company") today reported preliminary Q2 sales of 1.04 million ounces of gold and 113 million pounds of copper, as well as preliminary Q2 production of 1.04 million ounces of gold and 120 million pounds of copper. As previously guided, Barrick's gold production …
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As previously guided, Barrick's gold production in the second half of 2021 is forecast to be higher than the first half. Q2 gold cost of sales per ounce 2 is expected to be 2 to 4% higher, total cash costs per ounce 3 are expected to be 1 to 3% higher and all-in sustaining costs per ounce 3 are expected to be 6 to 8% higher than Q1.
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The company said that the framework agreement provides that Porgera will be owned by a new joint venture held 51% by Papua New Guinea (PNG) stakeholders and 49% by BNL, with BNL continuing as the operator. The framework agreement also calls on the Porgera Landowners and the Enga Province to have a dialogue to determine how the …
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However, the government will receive 53% of the advantages, while Barrick will receive 47%. The 51% government share in the new Porgera firm, according to KMHL managing director Dr John Kuwimb, is made up of 15% for the landowners and the Enga government and 36% for Kumul Minerals. Barrick and the State, he claimed, would each have four …
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Barrick Delivers on Production Targets for the Third Consecutive Year. The average market price for gold in Q4 was $1,795 per ounce. Toronto — Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) ("Barrick" or the "Company") today announced preliminary full year and fourth quarter 2021 production results, which demonstrate that …
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Email: barrick@dpapr. Website: . Endnote 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. Endnote 2. On a …
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Partnership and Perseverance Pay Off at Porgera. The Porgera gold mine is set to resume operations later this year after the Papua New Guinea (PNG) government and Barrick Niugini Limited (BNL) agreed on a partnership for its future ownership and operation. ... Total equity attributable to Barrick Gold Corporation shareholders $ 23,674 …
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BNL is a 50-50 joint venture of Barrick Gold and China's Zijin Mining Group. According to the latest agreement, a joint venture between PNG and BNL, respectively holding 51% and 49% stakes, will own and operate the Porgera mine. ... Located in Enga Province, 600km northwest of Port Moresby, the Porgera gold mine has been on care …
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NEWS. 4-June-2021. Visit to Porgera. Barrick President and Chief Executive Officer Mark Bristow, Prime Minister of Papua New Guinea James Marape and Governor of Enga Province Sir Peter Ipatas were in Porgera today where they explained to the various landowner groups of the Porgera Gold Mine, about the elements of the Framework …
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About Porgera. The Porgera Joint Venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 metres in the Enga Province of Papua New Guinea, about 600 kilometres north-west of Port Moresby. BNL is a joint venture company in which Barrick and Zijin Mining Group each own 50%. Enquiries: Kathy du Plessis
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The Porgera joint venture is an open pit and underground gold mine located at an altitude of 2,200-2,600 meters in the Enga Province of Papua New Guinea, about 600 kilometers north-west of Port Moresby. Papua New Guinea stakeholders own 51% of New Porgera with Barrick Niugini Limited, which will operate the mine, holding 49%.
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