Barrick Gold (TSX: ABX; NYSE: GOLD) says exploration successes could extend the life of its Tongon gold mine in the Ivory Coast.
Speaking at a local media briefing, the company’s president and CEO, Mark Bristow, said ten years after it went into production, Tongon could get a new lease on life thanks to promising results from near-mine exploration campaigns designed to replace the mine’s depleted reserves.
According to Bristow, in addition to work on the promising Seydou North and Tongon West targets, Tongon has filed documentation for the extension of its Nielle mining licence by a further ten years, to support the drive to add to its life-of-mine.
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