Barrick will give Papua New Guinea a “major share” of the gold mine.

The property is in the same complex that hosts Newmont’s Yanacocha and Barrick’s Laguna Norte and Pierina mines.

The value of printed currency was 1,600 times higher than the value of minted gold coins in the first half of 2020.

Argonaut expects a first gold pour from this operation in the first half of 2023.

Ilson Mateus, founder of Grupo Mateus, saw his fortune reach $1.6 billion earlier this week.

Preliminary gold production from its Nevada unit jumped 51%.

Prior to joining Newmont in 2014, Tom Palmer spent two decades at Rio.

Barrick’s joint venture with the Tanzanian government paid its first cash dividend of $250 million earlier this week.