Barrick Gold has purchased the Golden Giant property in an agreement with Newmont Mining Corp.
The agreement came into effect March 26.
While there is no active mining on the property, Barrick stated in a press release “there is great potential for further development of remaining gold resources."
Barrick plans to add four years to the current life of the David Bell Mine with continued employment and additional opportunities for growth.
This is the first time Hemlo operations are unified under a single owner.
.jpeg;w=120;h=80;mode=crop)
