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Barrick's Twiga Partnership Drives Sustainable Value Creation in Tanzania's Economy
GlobeNewswire News Room· 2025-01-23 12:20
Economic Contribution - Barrick Gold Corporation has injected over $4.24 billion into the Tanzanian economy since 2019, with $888 million contributed in 2024 alone through the Twiga joint venture [1] - The company spent $573 million on national suppliers and service providers in 2024, representing 83% of total in-country spend, with 75% of payments going to indigenous companies, exceeding the 61% target [3] Employment and Community Development - 96% of Barrick's 6,185-strong workforce in Tanzania are nationals, with 53% coming from communities neighboring the mines [4] - The company invested over $5 million in 2024 in potable water, healthcare, and education, bringing total investment in community projects to $15.8 million since 2019 [4] Production and Safety - Bulyanhulu and North Mara mines exceeded 500,000 ounces of gold production in 2024, maintaining Tier One status, and achieved a full year without a Lost-Time Injury [5] Environmental and Infrastructure Development - Buzwagi mine made significant progress in closure implementation and environmental management, focusing on water management and vegetation maintenance [6] - A Special Economic Zone (SEZ) is in advanced stages of development, attracting investor interest, with one investor already obtaining Export Processing Zone registration [6] Talent Development - The Barrick Academy, opened in 2024, has trained 1,700 individuals and is on track to exceed its target of training over 2,800 people by the end of 2025 [7] Exploration and Reserves - Conversion drilling at North Mara and Bulyanhulu mines has replenished reserves, and Barrick continues to consolidate a highly prospective footprint in the Nzega District, adding over 2,000km² of new areas [8] Industry Recognition - Twiga received numerous accolades in 2024, including recognition for safety, top employer, environmental performance, and community engagement [9] - North Mara was recognized as the largest economic contributor in Tanzania's extractive industry and received several awards for occupational health and safety, corporate social responsibility, and local content compliance [9] Strategic Vision - Barrick's work in Tanzania is a model for sustainable mining that balances economic, environmental, and social responsibility [10] - The company's long-term strategy includes identifying Tier One systems in the region, with a focus on organic reserve growth and long-term geological additions [8][11]
Why Has Wheaton Stock Grown 29%?
Forbes· 2025-01-23 12:00
POLAND - 2024/12/17: In this photo illustration, the Wheaton Precious Metals company logo is seen ... [+] displayed on a smartphone screen. (Photo Illustration by Piotr Swat/SOPA Images/LightRocket via Getty Images)SOPA Images/LightRocket via Getty ImagesWheaton Precious Metals stock has risen 29% in the last one year, compared to the S&P500 index which has grown by 25%. This is higher growth compared to its peers, including Barrick Gold stock (NYSE: GOLD) which has risen 3%, Newmont Corporation (NYSE: NEM) ...
INTEGRA ANNOUNCES RECORD 2024 GOLD PRODUCTION OF 72,229 OUNCES FROM FLORIDA CANYON, STRONG YEAR-END CASH POSITION OF $52 MILLION, AND IMPLEMENTATION OF PRICE PROTECTION PROGRAM FOR 2025 PRODUCTION
Prnewswire· 2025-01-22 21:05
(All amounts expressed in US dollars, as at December 31, 2024 and are unaudited)TSXV: ITR; NYSE American: ITRGwww.integraresources.comVANCOUVER, BC, Jan. 22, 2025 /PRNewswire/ - Integra Resources Corp. ("Integra" or the "Company") (TSXV: ITR) (NYSE American: ITRG) announces record fourth quarter and full year 2024 production results from its principal operating asset, the Florida Canyon Mine ("Florida Canyon"), located in Nevada. The Company is also pleased to provide the unaudited 2024 year-end cash balanc ...
ALLIED GOLD ANNOUNCES PRELIMINARY 2024 FOURTH QUARTER OPERATING RESULTS ACHIEVING RECORD QUARTERLY PRODUCTION
Prnewswire· 2025-01-22 12:30
TORONTO, Jan. 22, 2025 /PRNewswire/ - Allied Gold Corporation (TSX: AAUC) (OTCQX: AAUCF) ("Allied" or the "Company") herein provides its preliminary operating results for the fourth quarter ending December 31st, 2024.Operational Highlights Q4 Gold Production: The Company produced 99,632 ounces of gold in Q4, well in line with previously issued production guidance of 98,000 to 102,000 ounces. This result is consistent with Allied's previous outlook and guidance that annual production from its producing mines ...
RUA GOLD Intersects Visible Gold and Antimony and Confirms Continuity of High-Grade Gold Mineralization at Murray Creek
Newsfile· 2025-01-20 12:00
RUA GOLD Intersects Visible Gold and Antimony and Confirms Continuity of High-Grade Gold Mineralization at Murray CreekJanuary 20, 2025 7:00 AM EST | Source: Rua Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - January 20, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to provide an update from the drilling campaign underway at the Reefton Project on the South Island of New Zealand.Highlights: All three holes in Murray Creek have ...
Barrick Gold Issues Update on Loulo-Gounkoto Operations in Mali
ZACKS· 2025-01-16 14:06
Barrick Gold Corporation (GOLD) recently stated that it remains restricted from shipping gold from the Loulo-Gounkoto mining complex in Mali. Furthermore, the Malian government has executed the interim attachment order on the gold by transferring the current gold stock from the location to a custodial bank, further blocking the shipment and sale of the gold. As a result, Barrick has initiated a temporary suspension of operations as it works to resolve the situation. Barrick remains committed to constructive ...
Options Traders React to Barrick Gold's Mali Setback
Schaeffers Investment Research· 2025-01-15 19:32
Options traders are zeroing in on Barrick Gold Corp (NYSE:GOLD) stock, as the company faces turbulence following the suspension of operations in Mali. The decision comes after the Malian government seized approximately 3 metric tons of gold, valued at $245 million, from the company’s Loulo-Gounkoto mining complex. This action, tied to a dispute over revenue shares owed to the state, underscores escalating military pressure on foreign mining companies as Mali asserts greater control over its mineral resource ...
GALIANO GOLD ANNOUNCES 2024 PRODUCTION AND FULL YEAR HIGHLIGHTS
Prnewswire· 2025-01-14 22:15
VANCOUVER, BC, Jan. 14, 2025 /PRNewswire/ - Galiano Gold Inc. ("Galiano" or the "Company") (TSX: GAU) (NYSE American: GAU) is pleased to provide a summary of its 2024 operational achievements, including gold production of 115,115 ounces. The Company owns a 90% interest in the Asanko Gold Mine ("AGM") located on the Asankrangwa Gold Belt in the Republic of Ghana, West Africa. Highlights1 Consolidating ownership: Completed the transaction with Gold Fields Ltd., acquiring their 45% interest in the AGM and ther ...
3 Gold Mining Stocks to Watch Amid Inflation Data
Schaeffers Investment Research· 2025-01-14 17:49
Barrick Gold Corp (NYSE:GOLD), Agnico Eagle Mines Ltd (NYSE:AEM), and Kinross Gold Corp (NYSE:KGC) shares are higher today, as traders turn to the safe-haven yellow metal amid inflation data. In addition the producer price index (PPI) reading for December, investors are eyeing tomorrow's release of consumer price index (CPI) for a better grasp of the Federal Reserve's interest rate plans.GOLD was last seen up 0.5% to trade at $15.56, brushing off news that it suspended Mali operations after the local govern ...
PAN GLOBAL ACCELERATES 2025 EXPLORATION PROGRAMS TO TEST MULTIPLE COPPER-GOLD-TIN TARGETS IN SPAIN
Prnewswire· 2025-01-14 12:28
TSXV: PGZ   |   OTCQX: PGZFF   |   FRA: 2EU        Escacena Project drill program to test five compelling new targets near the La Romana and Cañada Honda copper-gold-tin discoveries – more than in any previous year Drilling currently underway at La Romana copper-tin-silver deposit in preparation for maiden NI 43-101 Mineral Resource Estimate by mid-2025, including several wide step-out drillholes Second drill rig being mobilized for maiden drill program at the highly prospective Bravo target 1km east of La  ...