Special mining lease signals porgera restart

Port moresby, papua new guinea, oct. 13, 2023 (globe newswire) -- barrick gold corporation (nyse:gold) (tsx:abx) – governor general sir bob dabae today granted a special mining lease to new porgera limited (npl), clearing the way for barrick gold corporation to restart production at the gold mine, which has been on care and maintenance for three years.1 this follows the signing of a mining development contract and the conclusion of a fiscal stability agreement for new porgera between the government and npl. npl will meet the mine property's landowners in the coming week to settle compensation agreements.
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