The company is close to making a decision on developing Mina do Barroso mine, which could become the first European supplier of spodumene, a lithium-bearing mineral.
Ernst & Young’s Canadian Mining Eye index, which tracks the performance of 100 Toronto Stock Exchange and TSX Venture Exchange mid-tier and junior miners — dropped 2% in the last quarter of 2018.
The decision was made in light of a possible failure of five dams at both complexes, which are located in Minas Gerais, the same state where the Feijão mine dam collapsed last month.
A syndicate of underwriters, co-led by GMP Securities and BMO Capital Markets, had agreed on a bought deal basis to buy 7.5 million shares at C$5.40 each.
Chief executive officer Mark Bristow, who is in the South American nation to review the company’s regional strategy, said Barrick’s assets in Chile were an important part of its global portfolio.
Australia’s largest gold producer has signed an option and farm-in agreement with Toronto-listed Cornerstone Capital Resources over two early stage projects in Ecuador.
The mining and trading giant will cap its production of thermal and coking coal at about 150m tonnes per year, close to its planned output level for 2019.
The gold giant said it would approach the board of Acacia Mining to back the formal proposal that would settle a long-running dispute with the Tanzanian government.