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- β Barrick Ramps Up
β Barrick Ramps Up
PLUS: 389.45m at 1.36 g/t Gold Eq
Greetings Contrarian,
Source: Trading Economics, Numerco.
This is The Next Big Rush, your daily drop of mining and energy investing news. Where we come together and set sail.
Here are the highlights:
πͺ Barrick Ramps Up
π 389.45m at 1.36 g/t Gold Eq
π¦ Tweet Of The Day
πͺ Barrick Ramps Up
Barrick Gold's Goldrush underground mine in Nevada, operated by its joint venture with Newmont, Nevada Gold Mines, received U.S. Bureau of Land Management approval.
The mine, starting production in 2024, is expected to produce 130,000 ounces of gold in its first year, increasing to 400,000 ounces annually by 2028. Barrick, holding a 61.5% stake in the venture, plans to invest nearly $1 billion in the project. The mine will create significant employment and contribute to education funding in Nevada through taxes.
Additionally, Barrick's adjacent Fourmile deposit development shows promising future integration prospects. On top of that, Barrick recently got the green flag to restart operations at their high-grade Porgera mine in Papua New Guinea.
Plain sailing for this major.
π 389.45m at 1.36 g/t Gold Eq
Collective Mining Ltd. (TSX: CNL) (OTCQX: CNLMF) announce assay results from the first four directional drill holes into the Apollo porphyry system.
Highlights:
389.45m of 1.36 g/t AuEq
199.40m of 1.65 g/t AuEq
168.80m of 1.82 g/t AuEq
The Guayabales project is actively progressing with drilling operations using four rigs. Specifically, two rigs are engaged at both the Apollo and Trap targets. More results expected soon.
Do these guys ever miss?
π° In Other News:
π¦ Tweet Of The Day
$3k gold tweets downgraded to βas long as it gets over $2k and stays thereβ tweets
β WarrantWhisperer (@pizdets17)
3:55 PM β’ Dec 11, 2023
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Happy Speculating!
The Editor
DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.
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