Barrick nearly doubles Fourmile gold resource estimate

Bitget2026/11/10 22:07

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Barrick's November 10, 2026, Fourmile assessment raises estimated project capital to about $2.6 billion from $1.5 billion-$1.7 billion.
Projected annual gold production increases to 750,000-850,000 ounces from 600,000-750,000 ounces, supported by additional development.
Mineral resources roughly doubled to 15,600,000 ounces at higher grades, including 13,000,000 ounces of inferred resources.
Estimated all-in sustaining costs rise to $850-$950 per ounce from $650-$750, mainly reflecting royalties tied to higher gold prices.
Excluding inferred resources, projected annual production falls to 400,000-500,000 ounces, with estimated capital of $1.7 billion-$1.8 billion.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Barrick Mining Corporation published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-455707), on November 10, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Barrick nearly doubles Fourmile gold resource estimate

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