Recommissioning starts as Porgera plans to resume operations in Q1 2024
Toronto – Following the formal completion of the Porgera Project Commencement Agreement today, work has started on the recommissioning of the Porgera gold mine in Papua New Guinea, which has been in care and maintenance since April 2020. This work is expected to be completed over the next few weeks, paving the way for mining and processing to restart in the first quarter of 2024.
Barrick president and chief executive Mark Bristow, who was closely involved in the negotiations that eventually delivered the restart agreement, said the mine’s new ownership structure was in line with the company’s host country partnership business model.
Operated by Barrick through Barrick Niugini Limited (BNL), a joint venture with Zijin Mining, Porgera joins the company’s sector-leading gold asset portfolio with the potential for a Tier One1 production profile.
