RE:RE:The next take over in CanadaI was in Arequipia at $2 and yes Barrick made at $31 on only a dozen holes with no resource calculation.But that was under Peter Munk the founder of American Barrick.I point to a statement by Bristow who daid he passed on GBR as it had no resource and then laid out Barrick agenda for Canadian asset hunt as must be adavanced drill proven not yet in production with district upside.There is simply no other 10 million oz asset other than SBB with all permits and mine in advanced construction and ony 2 years away from first pour. As far as a cold climate and high costs AEM operates two mines in NVT at half the SBB grade and they are in the top most profitable
mines of AEM.Barricks CEO:
Barrick Gold Corp. (ABX.TO) needs more assets in Canada, the gold miner’s new chief executive officer said Wednesday, on the company’s first day of trading since its recent acquisition of Randgold Resources Ltd. “Barrick is back,” 59-year-old Mark Bristow told BNN Bloomberg in an interview from the New York Stock Exchange. “We should be proud of being team players in the Barrick family, and one of the things that I really am focused on is we definitely need more assets in Canada. ”
Barrick currently operates just one mine in the country – Hemlo Mines – east of Thunder Bay, Ont.
“Don’t get too hung up right now on us only having Hemlo,” Bristow added. “We’re definitely focused on growing this business and you’re correct if you’re recognizing that we’re underweight in our investments in Canada.”