RE:RE:RE:RE:RE:More M&A Action - $2.16 Billion All-Cash deal This is a snip of the shareholders meeting at Barrick today what I copied in Bold letters sounds like they want to buy something very special.
Carlin elephants means low grade but lots of gold in a open pit mine
https://www.geologyforinvestors.com/carlin-type-gold-deposits-elephants-gold-mines/#
https://seekingalpha.com/article/4713820-barrick-gold-corporation-gold-q2-2024-earnings-call-transcript?source=apple_news%3Atranscript%3Aqa_session&utm_medium=referral#question-answer-session
As we shared with you last quarter, we're planning to have an updated mineral resource towards the end of the year when you'll make a decision about the pre-feasibility options. But as I said this is really one of those assets that geologists dream about. In the fullness of time I believe this asset has the potential to be as valuable to Barrick as our current stake in Nevada gold mines. And that's before our geologists find more of those Carlin elephants that I keep talking about. And that takes me to the 14 million ounce Leeville project, which like Gold Rush is developing into another major growth driver with the potential to double or triple current reserves extending Carlin's life beyond 2045.