Drilling results from Barrick Mining Corporation’s Kibali gold mine in the Democratic Republic of Congo continue to strengthen confidence in its scale and continuity, demonstrating the potential to host significant additional orebodies and further extend the life of mine.

The work on the ARK-KCD system is revealing a coherent geological structure — with mineralisation expanding laterally and down plunge — that could significantly grow Kibali’s reserve base within the existing footprint.

The Kalimva, Ikamva and Ndala satellite pits are being mined under contracts with local businesses. More than 700 Congolese companies are supported through procurement and capacity-building initiatives.  

ALSO READ: Arbitration tribunal involving Barrick and the State of Mali constituted

Ongoing operational improvements in the underground mine are expected to deliver material productivity gains from the third quarter with a focus on long-term cost efficiency and performance optimisation. Additionally, the commissioning of the 16MW solar plant with an integrated battery energy storage system has been completed, raising renewable energy use to 85% with the site operating on 100% renewable energy for six months of the year.

“Kibali was built with a long-term view and has consistently delivered across production, partnerships and reserve growth. We’ve replaced every ounce we’ve mined and more since Kibali poured its first gold in 2013, and the ARK-KCD corridor shows that there’s still much more to come. Kibali is more than a mine. It’s a partnership that anchors the regional economy. It’s Congolese-led, Congolese-supplied and built to last. We’re proud of the model we’ve created here — one that delivers shared value every step of the way,” says Barrick president and chief executive Mark Bristow