Barrick Gold Starts Development of Lumwana Super Pit Expansion
GOLDBarrick(GOLD) ZACKS·2024-10-07 19:11

Barrick Gold Corporation (GOLD) recently announced the official commencement of the development of a Super Pit at its Lumwana copper mine in Zambia. The Super Pit Expansion feasibility study is anticipated to be completed by the end of the year, with construction beginning in 2025. Upon completion, the $2 billion project has the potential to transform Lumwana into a long-term, high-yielding, top-25 copper producer and Tier One copper mine. The expansion entails doubling the present process circuit's through ...