Nevada Gold project "officially on track"17 May 2024 10:40
In the Q1 trading update in April CAPD said re the big Nevada Gold Mines project:
"Material NGM drilling contract set for ramp up through Q2 2024: The commencement of operations at our high-quality contract at Nevada Gold Mines is scheduled for the second quarter with activity increasing progressively through the remainder of the year"
Barrick have now confirmed that it's "officially on track to produce 130,000 ounces (oz) of gold this year":
Https://www.e-mj.com/breaking-news/nevada-gold-mines-celebrates-official-opening-of-goldrush-mine/
Extract:
"Barrick, which owns 61.5% of the project through the NGM joint venture with Newmont (38.5%), is developing and will operate the mine, scheduled to reach commercial production by 2026 and growing to approximately 400,000 oz by 2028 (100% basis). The 24-year underground mine is expected to provide 500 jobs during its construction and employment for 570 people once operational.
More than $300 million of a $1 billion capital budget has been spent on the project which is expected to produce $326 million in net proceeds tax and a further $142 million in gold and silver excise tax for education in Nevada under the new mine tax framework."