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Barrick increases reserves and grade

Barrick Gold has replaced the depletion of gold mineral reserves by 150% in 2021 before acquisition and equity changes at South Arturo and Porgera, and improved its reserve grade by 3% while maintaining its US$1,200 per ounce reserve gold price assumption. Barrick’s attributable proven and probable mineral reserves now stand at 69 million ounces grading 1.71 grams per tonne, up from 68Moz grading 1.66g/t in 2020.

Paul Harris
Nevada Gold Mines' Goldrush in Nevada, USA

Nevada Gold Mines' Goldrush in Nevada, USA

Barrick president and CEO Mark Bristow said the company's focus on exploration was securing its business plans well into the future at a time when the sector is feeling the pinch of dwindling reserves...

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