orion gold

In line with its objective of finding and developing the best assets, Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) has strengthened its exploration team through the appointment of eminent geologists.

Aoife McGrath and Leandro Sastre in the newly created positions of vice president exploration for Africa and Middle East, and Latin America and Asia/Pacific respectively.

McGrath has worked with and led exploration teams in Africa, North and South America and Europe and her experience spans the full spectrum of company size and exploration stages.

Named as one of the ‘Global 100 Inspirational Women in Mining’, she has been involved in several major discoveries and brings strong commercial skills to her new role.

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Sastre was previously mine operations and technical manager at the Veladero gold mine. His wide skills base ranges from exploration through ore control to resource modelling.

He was involved with Exeter’s discovery and delineation of the Caspiche orebody in Chile, now part of Barrick’s Norte Abierto project, and the Cerro Moro orebody in Argentina, which is now an operating mine.

President and chief executive Mark Bristow said these appointments reflect Barrick’s commitment to what it regards as its main growth driver.

“Exploration has always been an integral part of Barrick’s strategy of creating value and we look forward to the contribution Aoife and Leandro will make towards adding to our global mineral inventory,” he said.

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On 1 January 2019 a new Barrick was born out of the merger between Barrick Gold Corporation and Randgold Resources. Shares in the new company trade on the NYSE (GOLD) and the TSX (ABX). The merger has created a sector-leading gold company which owns five of the industry’s Top 10 Tier One gold assets (Cortez and Goldstrike in Nevada, USA (100%); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)) and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA). With mining operations and projects in 15 countries, including Argentina, Australia, Canada, Chile, Côte d’Ivoire, DRC, Dominican Republic, Mali, Papua New Guinea, Peru, Saudi Arabia, Senegal, USA, and Zambia, Barrick has the lowest total cash cost position among its senior gold peers and a diversified asset portfolio positioned for growth in many of the world’s most prolific gold districts.