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Barrick and Shandong Gold form strategic partnership in Argentina

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Report summary

Barrick Gold announced the sale of a 50% interest in its Veladero mine in Argentina to Shandong Gold for US$960 million. Both companies will also form a working group to explore joint development of the world class Pascua-Lama Project, and evaluate potential investment opportunities on the El Indio Gold Belt on the border of Argentina and Chile.

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  • Shandong Gold costed production and cost outlook*

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