Barrick’s Strategic Focus on Tier One Assets Delivers Two High-Potential Prospects in Nevada

Barrick’s sector-leading portfolio of Tier One gold mines is set to be expanded significantly as it advances the development of the recently permitted Goldrush mine, part of Nevada Gold Mines , and the adjacent Fourmile project, which is 100% owned by Barrick.

Goldrush is successfully ramping up underground production, aiming for a more than 35% increase next year, heading to an annual output in excess of 400,000 ounces by 2028 (100% basis). The mine’s development plan incorporates drill platform access to support future growth through conversion of the mineral resource base, currently standing at 9.8 million ounces at 5.88g/t within indicated with a further 4.2 million ounces at 5.4g/t in the inferred category (100% basis).

At Fourmile, drilling has confirmed a grade which is consistently double that of Goldrush’s along the 2.5-kilometer strike length of mineralization. Ten diamond core rigs are currently on-site drilling in support of an updated mineral resource statement at the end of the year. Prefeasibility options are being assessed for a year-end decision on an asset that is demonstrating the potential for annual production in excess of 500,000 ounces over more than two decades. Fourmile’s proximity to the permitted Goldrush mine will facilitate its advancement.

“This is a unique two-in-one opportunity to expand Barrick’s value foundation in Nevada,” says Mark Bristow. “It highlights the great growth opportunities embedded in our asset base and our ability to identify and extract the enormous value they represent.”