Fourmile gold project, US – update
Name of the Project
Fourmile gold project.
Location
Nevada, US.
Project Owner/s
Gold mining company Barrick Mining Corporation.
Project Description
Barrick has reported Fourmile as a “rare combination of grade, scale and exploration upside, confirming its potential to become one of the world’s leading gold producers”.
The preliminary economic assessment (PEA) outlines the potential to achieve globally significant average gold production of between 600 000 oz/y and 750 000 oz/y at low mining rates of 1.5-million to 1.8-million tonnes a year of ore.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
Not stated.
Capital Expenditure
The PEA estimates capital expenditure of between $1.5-billion and $1.7-billion.
Planned Start/End Date
Not stated.
Latest Developments
Underground mining services group Barminco has secured a A$275-million contract to provide underground mining services.
The contract will span 45 months, with work expected to start in July.
Barminco will start development of Fourmile's twin Bullion Hill portals as part of 16 km of planned underground development while providing ground support, surface facilities and associated mining services.
Key Contracts, Suppliers and Consultants
None disclosed.
Contact Details for Project Information
Barrick Mining Corporation, tel +1 416 682 3860 or email investor@barrick.com.
Article Enquiry
Email Article
Save Article
Feedback
To advertise email advertising@creamermedia.co.za or click here
Projects
Latest Multimedia
Latest News
Showroom
For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...
VISIT SHOWROOM
EIMS is an independent specialised environmental consulting firm offering the full spectrum of environmental management services across all sectors...
VISIT SHOWROOM
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation
