Core Insights - Barrick Gold Corporation has reaffirmed its commitment to Zambia's economic growth, contributing over $3.7 billion since 2019, with Lumwana's operations contributing $887 million to the economy in 2024 alone [1][2][5] - Lumwana's expansion is set to double its current copper production to an average of 240,000 tonnes per year, creating 2,500 construction jobs and 550 permanent roles [3][4] - The company is focused on advancing local content, with 72% of the $906 million spent on goods and services in 2024 going to Zambian suppliers [2][3] Economic Contributions - Since 2019, Barrick has spent a total of $2.5 billion on local goods and services, reinforcing its role as one of Zambia's top five taxpayers [1][2] - In 2024, Lumwana's operations contributed $887 million through royalties, taxes, salaries, and procurement [1] Expansion Plans - The Lumwana expansion will increase copper production capacity significantly, with plans to employ an additional 2,500 construction workers and create 550 permanent jobs [3][4] - The company is extending its training center to equip local workers with necessary skills, with 99% of Lumwana's employees being Zambian nationals [3] Infrastructure Development - Plans include transforming the Kalumbila District into a mining-powered economic hub, with new employee housing, an industrial supplier park, and an airport expected to be operational by the end of 2025 [4] - The master plan aligns with Zambia's integrated development strategy, developed in collaboration with local authorities [4] Support for National Goals - Barrick is supporting Zambia's ambition to increase copper output to 3 million tonnes by 2031 through its Lumwana expansion and securing further exploration licenses [5] - The company is also addressing Zambia's power challenges through co-generation initiatives, reducing reliance on the grid [5]

Core Insights - Barrick Gold Corporation has reaffirmed its commitment to Zambia's economic growth, contributing over $3.7 billion since 2019, with Lumwana's operations alone contributing $887 million in 2024 [1][2] - The Lumwana expansion is set to double copper production to an average of 240,000 tonnes per year, creating 2,500 construction jobs and 550 permanent roles [3][4] - Barrick is actively supporting Zambia's goal to increase copper output to 3 million tonnes by 2031 through its Lumwana expansion and collaboration with local power supplier ZESCO [5][6] Economic Contributions - In 2024, Lumwana contributed $887 million to Zambia's economy through royalties, taxes, salaries, and procurement [1] - 72% of the $906 million spent on goods and services in 2024 went to Zambian suppliers, totaling $2.5 billion since 2019 [2] Workforce Development - 99% of Lumwana's employees are Zambian nationals, highlighting the company's focus on sustainable workforce development [3] - The company is extending its training center to equip local workers with critical skills for the upcoming expansion [3] Infrastructure Development - Plans include new employee housing, an industrial supplier park, and an airport expected to be operational by the end of 2025, developed in collaboration with local authorities [4] - The master plan aligns with Zambia's integrated development strategy [4] Future Outlook - Barrick's vision for Lumwana extends beyond mining, ensuring the benefits of its investments endure well into the future [6] - The company is focused on upgrading the northwestern power corridor to benefit mines, local communities, and domestic consumers [5]

RUA GOLD Reports Two Major Gold Bearing Structures Identified on Its Glamorgan ProjectJanuary 23, 2025 9:46 AM EST | Source: Rua Gold Inc.Vancouver, British Columbia--(Newsfile Corp. - January 23, 2025) - Rua Gold Inc. (TSXV: RUA) (OTCQB: NZAUF) (WKN: A40QYC) ("RUA GOLD" or the "Company") is pleased to provide an update following the completion of the first phase of surface exploration on its Glamorgan epithermal gold prospect in the Hauraki region on the North Island New Zealand.Highlights: T ...

All amounts expressed in US dollars unless stated otherwise BULYANHULU, Tanzania, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) has injected over $4.24 billion into the Tanzanian economy since establishing the Twiga joint venture with the government in 2019, contributing $888 million in 2024 alone. Twiga comprises the North Mara and Bulyanhulu gold mines. At a media briefing here today, Barrick president and chief executive Mark Bristow said the Twiga partnership remained ...

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]

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) ...

(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 ...

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 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 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 ...