GOLD - Barrick Targets Peruvian Expansion Amidst Record Gold Prices | Benzinga
Barrick Gold Corp (NYSE:GOLD) is expanding its operations in Latin America amidst a surge in demand that saw gold spike to $2,300 per ounce for the first time ever. The leading global gold miner is eyeing the southern district of Puno, Peru, where it conducted exploration activities two years ago.
As reported by Gestion, a local newspaper, Barrick submitted a request for a 400-hectare concession in the region where it already holds a foothold with the Pataqueña vein. Its other Peruvian interests include the Libélula project and a recent agreement with Xali Gold Corp (OTCPK: CGDXF) regarding the Tres Marias gold-silver property.
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