Gold mining major Barrick is committed to its operations in Latin America and will reinvent the way its Veladero mine, in Argentina, operates and will devise a new plan for Lagunas Norte, in Peru, says CEO Mark Bristow.
The Veladero mine, in which China’s Shandong Gold Group is Barrick’s equal partner, is struggling with “internal and external challenges, including the currency devaluation and fiscal challenges”.