Kibali ‘to meet or beat’ guidance, says Barrick following record quarter

The underground operation at the Kibali gold mine, in the Democratic Republic of Congo, set new mining and shaft production records in the third quarter, keeping the Barrick Gold tier-one gold mine on track to meet or beat its guidance of 750 000 oz for the year.

Throughput and recovery for the quarter were at or above the nameplate level, Barrick said on Wednesday of the mine that it owns in a joint venture with South Africa-headquartered major AngloGold Ashanti.