According to the executive, Barrick-owned Fourmile is expected to more than triple its current mineral resource of 0.48 million ounces at 10.04 g/t indicated in addition to 2.7 million ounces at 10.1g/t inferred.
Bristow said operational highlights of the past year included a record production by the post-merger Cortez and the continuing turnaround at Turquoise Ridge.
“The most significant development, however, was the completion of the Goldrush permitting process at the end of 2023. This enabled Cortez to accelerate the development of a key project which will already make a significant production contribution this year,” Bristow said.
The underground mine is expected to start ramping up production in 2024 after the commissioning of the initial project infrastructure and is forecast to produce 130,000 ounces in 2024 and grow to approximately 400,000 ounces per annum by 2028.
Barrick and NGM have invested more than $370…
