Name of the Project
Fourmile gold project.

Location
Nevada, US.

Project Owner/s
Gold mining company Barrick Mining Corporation.

Project Description
Barrick has reported Fourmile as a “rare combination of grade, scale and exploration upside, confirming its potential to become one of the world’s leading gold producers”.

The preliminary economic assessment (PEA) outlines the potential to achieve globally significant average gold production of between 600 000 oz/y and 750 000 oz/y at low mining rates of 1.5-million to 1.8-million tonnes a year of ore.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
The PEA estimates capital expenditure of between $1.5-billion and $1.7-billion.

Planned Start/End Date
Not stated.

Latest Developments
Barrick plans to continue ramping up its current fleet of 16 surface rigs to more than 20 rigs, with about 120 km of directional surface drilling planned in 2026. 

The drill programme is targeting 30 m to 35 m drill spacing for indicated resources and 80 m to 90 m for inferred resources, which translates to 370 km of surface drilling and 80 km of underground drilling by the end of 2028.

Simultaneously, Barrick is progressing the permitting of the Bullion Hill exploration decline and expectations are that the company will start construction of the portal and underground development in 2026. 

Further, the Goldrush multipurpose development is still advancing towards the Fourmile boundary. This underground development is expected to provide critical underground exploration drill access to the deeper portions of the orebody from 2027 onwards.

By 2029, Barrick plans to have 34 km of development in place, connecting Bullion Hill with the Goldrush multipurpose development and setting the mine up for the initial test stoping shortly thereafter. As Fourmile starts its production ramp-up, it will offset low-grade 1.8 g/t stockpiles.

Key Contracts, Suppliers and Consultants
None disclosed.

Contact Details for Project Information
Barrick Mining Corporation, tel +1 416 682 3860 or email investor@barrick.com.