Barrick Gold Higher Production Doubles Profits With Rising Prices

#22717
Truman
Participant

Barrick Gold Sells West Africa High-Grade Massawa Gold Project To Teranga Gold

Repositioning as Low-Cost, Mid-Tier Producer

Massawa to transform neighbouring Sabodala into top tier complex, and extend mine life with higher grade

CDN$140 million (US$106 million) bought deal equity offering announced

Teranga to acquire one of the highest-grade undeveloped open-pit gold reserves in Africa(2)
The historical mineral reserves base of the Massawa project is 2.6Moz from 20.9Mt at 3.94 g/t Au and is one of the highest-grade undeveloped open-pit gold reserves in Africa. This will augment Sabodala’s mineral reserves base of 2.4Moz from 55.7Mt at 1.35 g/t Au

https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1043-tsx/tgz/70687-teranga-gold-to-acquire-high-grade-massawa-gold-project-accelerates-repositioning-as-low-cost-mid-tier-producer.html