NYSE, ABX - Barrick Gold Corp
Barrick has traditionally grown its reserve base through a combination of
acquisitions and focused exploration on and around its operating properties.
Barrick believes there is a higher probability of finding new mineral reserves
around existing mines. Once found, these new reserves can be developed more
quickly and profitably due to existing infrastructure. The Company?s strategy is
to maintain a geographic mix of projects at different stages in the exploration
and development sequence. The low gold price environment that existed in recent
years required that major mining companies undertake more early stage
exploration than in the past because junior exploration companies had been less
active, and there were fewer new discoveries to buy or joint ventures to fund.
Accordingly, Barrick is engaged in early stage exploration in four major areas
where it possesses significant infrastructure: Peru, Tanzania, Australia and
Chile/Argentina. ...
Read SEC Filing on NASDAQ.com »