Barrick Gold Corporation announced that the Lumwana copper mine’s Super Pit expansion project has been accelerated with first production now scheduled for 2028, Barrick president and CEO Mark Bristow advised Zambian president Hakainde Hichilema at their meeting. The estimated cost of the project is almost $2B and construction is scheduled to start towards the end of this year, Barrick said.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on GOLD:
- Barrick’s Tanzanian Mines on Tier One Track With Potential for Extending Lives, Growing Production
- New Airport Terminal at Kahama Airstrip to Leave Lasting Legacy at Barrick’s Buzwagi Gold Mine
- Barrick Gold price target lowered to $27 from $28 at BMO Capital
- Newmont price target lowered to $59 from $62 at BMO Capital
- Barrick Gold (NYSE:GOLD) Drops on Q4 Production Numbers
