B2Gold Corp

Barrick Gold Corporation has reaffirmed its commitment to developing the gold mining industry in the Democratic Republic of Congo (DRC).

This follows a meeting this week between the country’s newly elected president Felix Tshisekedi and Barrick executive chairman John Thornton during the president’s state visit to the United States.

Barrick operates Kibali in the DRC, one of the world’s ten largest gold mines, and along with its joint venture partner AngloGold Ashanti is one of the major investors in the country. It has an extensive exploration programme designed to find and develop more world class orebodies in the DRC.

Confidence in new leader

In a speech to the U.S. Chamber of Commerce president Tshisekedi said that while the DRC was potentially the wealthiest country on earth in terms of natural resources, it remains one of its poorest. It was his administration’s key priorities to effect economic and financial reforms and development with help of the international community.

After the meeting, Thornton said he had been encouraged by the president’s vision of attracting foreign investment and supporting the development of the DRC’s mining industry in a spirit of partnership. “As the value leader in the global gold sector, Barrick offers the DRC peerless exploration, technical and financial support and through Kibali has proved its commitment to the country, the people and its local partners.

“We look forward to continue making a significant and growing contribution to the DRC’s economy and to unlocking the enormous value of its mineral potential,” he concluded.

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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.