CAPITAL MARKETS

Barrick announces 40% increase to Bulyanhulu reserves

INTERNATIONAL gold miner Barrick Gold Corporation today announced a 40% increase in gold reserves at its Bulyanhulu Project and says there is continued potential for expansion in reserves and production.

Greg Tubby

Bulyanhulu, situated south of Lake Victoria on the Victorian Greenstone Belt in Tanzania, will be a low-cost producer with total cash costs estimated at less than US$130 an ounce. Exploration success...

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