Two years ago, the Bulyanhulu gold mine in Tanzania was on care and maintenance, with only its small tailings reprocessing operation still limping along: a burden to its shareholders and the state.
Then Barrick took over, rebuilt and reopened Bulyanhulu, now transformed beyond recognition into one that, along with sister mine North Mara, has the potential to produce more than 500,000 ounces of gold per year and, according to the latest geological model, can maintain a consistent production profile to 2040 and beyond.
“Bulyanhulu had effectively been trashed by its previous operators, who also destroyed its relationship with its community as well as the government.
But Barrick’s geologists saw the value in this unloved mine and we set about unlocking it, applying our core business principles,” said Mark Bristow.
