{"id":1111772,"date":"2019-04-18T18:26:45","date_gmt":"2019-04-18T18:26:45","guid":{"rendered":"http:\/\/www.mining.com\/?p=983174"},"modified":"2019-04-18T18:26:45","modified_gmt":"2019-04-18T18:26:45","slug":"barrick-says-kibali-mine-on-track-for-another-record-year","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1111772","title":{"rendered":"Barrick says Kibali mine on track for another record year"},"content":{"rendered":"<p>Barrick Gold Corporation (NYSE: GOLD, TSX: ABX) <a href=\"https:\/\/www.barrick.com\/English\/news\/news-details\/2019\/Barrick-Reports-Preliminary-First-Quarter-Production-Results\/default.aspx\"  rel=\"noopener\">announced today<\/a> that the company achieved preliminary Q1 production of 1.37 million ounces of gold and 106 million pounds of copper, both in line with its operating plans and guidance.<\/p>\n<p>After setting a production record at the its Kibali mine last year, Barrick says the operation is on track for another record performance in 2019. The Kibali gold mine is a joint venture with AngloGold Ashanti and the Congolese government, and it is ranked among the world&#8217;s top ten gold mines.<\/p>\n<p><a href=\"https:\/\/www.barrick.com\/English\/news\/news-details\/2019\/Kibali-Makes-Strong-Start-to-2019\/default.aspx\"  rel=\"noopener\">Earlier this week<\/a>, President and CEO Mark Bristow said the company is intensifying its focus on reserve and resource replacement at Kibali and classified it as &#8220;one of five tier one gold mines.&#8221;<\/p>\n<p>The average market prices for its gold and copper in Q1 were $1,304\/oz and $2.82\/lb respectively, according to the company. Preliminary Q1 sales were 1.37 million ounces of gold and 103 million ponds of copper.<\/p>\n<p>Earlier today, the company <a href=\"http:\/\/www.mining.com\/case-closed-newmont-goldcorp-becomes-worlds-no-1-gold-miner\/\"  rel=\"noopener\">concluded its merger<\/a> with Newmont Goldcorp Corporation (NYSE: NEM, TSX: NGT) to form the world&#8217;s leading gold business.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/barrick-says-kibali-mine-track-another-record-year\/\">Barrick says Kibali mine on track for another record year<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company achieved preliminary Q1 production of 1.37Moz gold and 106Mlb copper.<\/p>\n<p>The post <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/barrick-says-kibali-mine-track-another-record-year\/\">Barrick says Kibali mine on track for another record year<\/a> appeared first on <a rel=\"nofollow\" href=\"http:\/\/www.mining.com\/\">MINING.com<\/a>.<\/p>\n","protected":false},"author":9,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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