EXPLORATION & DEVELOPMENT

Barrick pulls out all stops at Alto Chicama

CANADA'S Barrick Gold has 12 rigs working at its Alto Chicama discovery in north-central Peru to take the 5.74 million ounce resource to reserve status ahead of a feasibility study next year and commencement of production in 2005.

Greg Tubby
Barrick pulls out all stops at Alto Chicama

Alto Chicama - projected to initially produce 500,000oz a year at a cash cost of US$130/oz - is the first of four major new projects Barrick has lined up to come on stream by 2008. Construction is anticipated...

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