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Barrick gets approval for Cortez Hills enviro study

By: Liezel Hill The US Bureau of Land Management has approved a supplemental environmental impact statement for Barrick Gold's big Cortez Hills mine in Nevada, the company said on Wednesday morning. Cortez Hills has been operating under a tailored injunction since April 2010, allowing mining to continue under... 

Mining companies pressed to boost production amid record prices, rising demand

By: Liezel Hill The Canadian mining sector in the first quarter of 2011 looks and feels starkly different compared with the industry that rang in the New Year just two years earlier 

High prices are a double-edged sword as costs rise too

By: Liezel Hill Gold producers are pulling in record revenues and cash flow thanks to $1 300/oz-plus prices for the yellow metal, but the downside of the commodities boom is that pricier steel, oil, labour and other necessities are pushing up operating costs and making new mines even more expensive to build.... 

Barrick mulls open pit at Turquoise Ridge, eyes copper porphyries at El Indio

By: Liezel Hill Barrick Gold is looking at a big open pit at its Turquoise Ridge underground mine, in Nevada, that could potentially turn the operation into the region's next “mega mine”, CEO Aaron Regent said on Wednesday. Speaking in a presentation at the Denver Gold Forum, Regent also touted Barrick's land... 

Barrick Goldstrike accident not likely to affect output guidance

By: Liezel Hill Barrick Gold, the top producer of the precious metal, does not expect an August 12 accident at its Goldstrike operations, in Nevada, will affect 2010 production guidance for the group's North American business unit. Barrick suspended all underground activity at Goldstrike after two miners were... 

Barrick puts costs in reverse with big new projects marching on

By: Liezel Hill It was smiles all around on Wednesday, as Barrick Gold – newly freed from its gold hedges and boasting higher production and lower cost numbers – published first quarter results and hosted its annual shareholder meeting in downtown Toronto. The world's biggest gold miner posted record earnings... 

Barrick sees Cerro Casale construction decision by end 2011

By: Liezel Hill Toronto-based Barrick Gold expects to be ready for a construction decision on the $4-billion-plus Cerro Casale gold/copper project, in Chile, by the end of 2011, CEO Aaron Regent said on Thursday. If all goes to plan, and assuming the necessary permits are received on time, production could... 

Barrick seeks limited injunction on Cortez Hills

By: Reuters Barrick Gold said on Tuesday it has requested a U.S. court to issue a limited injunction that would allow work at its Cortez Hills mine in Nevada to continue while additional environmental assessments on the project are under way. In December, an appeals court in San Francisco ruled that the... 

Barrick gains upper hand on costs

By: Liezel Hill The balance of power is shifting in the wrestling match between gold giant Barrick and its sworn enemy, the cash cost, CEO Aaron Regent indicated on Thursday. Gold miners around the world have battled rising prices for fuel, equipment and labour over the last few years, which have served to... 

Momentum builds behind Barrick's Pascua Lama project

By: Liezel Hill Toronto-based Barrick Gold expects that the huge Pascua Lama project, on the border of Chile and Argentina, will be the next addition to the company's list of mines under construction, CEO Aaron Regent indicated on Wednesday. The world's biggest gold miner plans to finalise and provide details... 

Barrick will sell $750m of debt securities

By: Liezel Hill Gold giant Barrick Gold has entered into an underwriting agreement to issue $750-million in notes that will mature in 2019, the firm said on Thursday. The offering is expected to close on March 24, and is being underwritten by a syndicate led by Morgan Stanley & Co, JP Morgan Securities and... 

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