Barrick Targets 2028 for First Production from Reko Diq
02 8월 2023 - 1:30AM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) president and chief
executive Mark Bristow says with the updated feasibility study on
the giant Reko Diq copper-gold project making rapid progress, the
company is aiming to start production in 2028.
Speaking at the inaugural session of Pakistan’s
first Minerals Summit, Bristow said the signing of the New Reko Diq
agreement last year was a landmark event in the development of a
mining industry in Pakistan, a process which will be accelerated by
the Minerals Summit.
“I hope the momentum created by this event will be
sustained by successive efforts to unlock this sector’s full
potential and build its capacity by attracting other foreign
investors to follow Barrick, to the lasting benefit of Pakistan and
its people,” he said.
“There is a growing demand for metals and minerals,
especially copper, and the challenge for mining companies and their
host governments is to ensure that these resources are extracted in
a responsible and equitable manner. Barrick believes in the
principle of mutual advantage and shares the value its operations
create with all stakeholders, including its host countries and
communities.”
Bristow noted that Reko Diq was the latest
manifestation of Barrick’s partnership model, already successfully
applied elsewhere in its global portfolio. Barrick owns 50% of Reko
Diq and is developing and will operate the mine. The Balochistan
province, which hosts the deposit, has a 25% share and the federal
government holds the other 25% through state-owned entities.
Barrick Enquiries
Investor and media relationsKathy du Plessis+44 20
7557 7738Email: barrick@dpapr.com
Website: www.barrick.com
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Information
Certain information contained or incorporated by
reference in this press release, including any information as to
our strategy, projects, plans or future financial or operating
performance, constitutes “forward-looking statements”. All
statements, other than statements of historical fact, are
forward-looking statements. The words “target”, “progress”, “aim”,
“process”, “hope”, “potential”, “grow”, “ensure”, “believe”,
“create”, “will”, “would” and similar expressions identify
forward-looking statements. In particular, this press release
contains forward-looking statements including, without limitation,
with respect to: the planned updating of the historical Reko Diq
feasibility study; the future construction, development and
operation of the Reko Diq project, including the anticipated
timeline for construction and first production; the contemplated
life of mine of the Reko Diq project; the anticipated sharing of
the benefits from the Reko Diq project with Barrick’s host
governments and communities in line with Barrick’s partnership
model; future demand for metals and minerals, particularly copper,
and expectations regarding financial performance and other outlook
or guidance.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions including material
estimates and assumptions related to the factors set forth below
that, while considered reasonable by Barrick as at the date of this
press release in light of management’s experience and perception of
current conditions and expected developments, are inherently
subject to significant business, economic and competitive
uncertainties and contingencies. Known and unknown factors could
cause actual results to differ materially from those projected in
the forward-looking statements and undue reliance should not be
placed on such statements and information. Such factors include,
but are not limited to: fluctuations in the spot and forward price
of gold, copper or certain other commodities (such as diesel fuel,
natural gas and electricity); the speculative nature of mineral
exploration and development; changes in mineral production
performance, exploitation and exploration successes; risks
associated with projects in the early stages of evaluation and
development and for which additional technical, engineering and
other analysis is required; disruption of supply routes which may
cause delays in development, construction and mining activities;
diminishing quantities or grades of reserves; increased costs,
delays, suspensions and technical challenges associated with the
construction of capital projects; operating or technical
difficulties in connection with mining or development activities,
including geotechnical challenges and disruptions in the
maintenance or provision of required infrastructure and information
technology systems; failure to comply with environmental and health
and safety laws and regulations; the failure to obtain key licenses
by governmental authorities; changes in national and local
government legislation, taxation, controls or regulations and/or
changes in the administration of laws, policies and practices;
expropriation or nationalization of property and political or
economic developments in the Islamic Republic of Pakistan or the
Province of Balochistan; timing of receipt of, or failure to comply
with, necessary permits and approvals; lack of certainty with
respect to foreign legal systems, corruption and other factors that
are inconsistent with the rule of law; risks associated with
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of events, including negative publicity with respect to the
Barrick’s handling of environmental matters or dealings with
community groups, whether true or not; the possibility that future
exploration results will not be consistent with Barrick’s
expectations; risks that exploration data may be incomplete and
considerable additional work may be required to complete further
evaluation, including but not limited to drilling, engineering and
socioeconomic studies and investment; risk of loss due to acts of
war, terrorism, sabotage and civil disturbances; litigation;
contests over title to properties, particularly title to
undeveloped properties, or over access to water, power and other
required infrastructure; business opportunities that may be
presented to, or pursued by, Barrick; risks associated with working
with partners in jointly controlled assets; employee relations
including loss of key employees; increased costs and physical
risks, including extreme weather events and resource shortages
related to climate change; and availability and increased costs
associated with mining inputs and labor. In addition, there are
risks and hazards associated with the business of mineral
exploration, development and mining, including environmental
hazards, industrial accidents, unusual or unexpected formations,
pressures, cave-ins, flooding and gold bullion, copper cathode or
gold or copper concentrate losses (and the risk of inadequate
insurance, or inability to obtain insurance, to cover these
risks).
Many of these uncertainties and contingencies can
affect our actual results and could cause actual results to differ
materially from those expressed or implied in any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made in this
press release are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial
securities regulatory authorities for a more detailed discussion of
some of the factors underlying forward-looking statements and the
risks that may affect Barrick’s ability to achieve the expectations
set forth in the forward-looking statements contained in this press
release.
We disclaim any intention or obligation to update
or revise any forward-looking statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
Barrick Gold (TSX:ABX)
과거 데이터 주식 차트
부터 4월(4) 2024 으로 5월(5) 2024
Barrick Gold (TSX:ABX)
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부터 5월(5) 2023 으로 5월(5) 2024