Barrick may try to keep big South American mine projects after all


By Jacquie McNish
The Wall Street Journal
Monday, August 12, 2019

Barrick Gold Corp. is in discussions with various international investors to expand exploration and production at a pair of South America gold properties it had planned to sell last year.

Barrick Chief Executive Mark Bristow said in an interview today that rising gold prices and potential investment interest from other mining companies, including China's Shandong Gold Group and Chile's Antofagasta, has prompted him to reverse the company's plans to be "safe and small" by selling those assets.

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Mr. Bristow was appointed CEO of Barrick in January after it merged with Randgold Resources Ltd., an African gold miner he founded.

The two South American properties, the Pascua-Lama project and the Veladero mine, are located along the Chilean-Argentine border. ...

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