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Message: Re: I find this very interesting continued
1
Feb 18, 2011 05:19PM
3
Feb 18, 2011 05:37PM

Sculpin, ya not sure. I just replayed the BNN interview Feb 17th with Aaron Regent (Barrick CEO) & Andrew Bell from BNN. He said in the interview they actually have 250 Million OZ?

Not sure?

RESERVES AND RESOURCES

Barrick replaced proven and probable gold reserves to an industry leading 139.8 million ounces at the end of 2010, based on a $1,000 per ounce gold price. Measured and indicated gold resources increased by 24% or 14.5 million ounces to 76.3 million ounces and inferred gold resources grew by 18% or 5.6 million ounces to 37.2 million ounces, based on a $1,200 per ounce gold price. The Company replaced reserves and grew resources despite the initial public offering of ABG in early 2010, which reduced Barrick's interest in ABG to about 74%. Measured, indicated and inferred resources increased with exploration success and the potential to develop an open pit mine at Turquoise Ridge, exploration success at Cortez and from the additional 25% ownership in Cerro Casale.

2
Feb 18, 2011 06:40PM
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