These near-mine discoveries, alongside ongoing exploration of KCD downdip extensions, could ensure the mine’s ability to continually replenish its reserves, Barrick said. They would also boost Kibali’s reputation as one of Africa’s most cost-efficient gold producers, it noted.
Kibali, which produced first gold in September 2013, plays a crucial role in the local economy of the DRC’s North East region. Over the past decade, it has helped develop a thriving regional economy, supported by partnerships with local businesses and communities.
To date, Barrick has invested $2.87 billion in Kibali, including deals with local contractors and suppliers, and is working with the DRC government on initiatives to support over 500 local companies.
Kibali is also advancing its social responsibility initiatives, with 41 of 44 projects under its community development fund already completed. Nine out of 14 projects backed by the mine’s…
