Barrick brings Ruby Hill back to life

摘要

Following a successful restart of operations, Barrick Gold's (ABX-T, ABX-N) Ruby Hill mine in Nevada poured its first gold in February. Barrick has brought the past-producer back into production at a capital cost of under 75 million US dollars, including almost 30 million US dollars in new mining equipment and processing upgrades. The open-pit, heap-leach operation, 5 km southeast of Eureka, employs about 110 people. It is expected to produce in the neighbourhood of 120,000 oz. gold in 2007 at cash costs of 240 US dollars-250 US dollars per oz.