Significant Progress in Tanzanian Gold Project
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 19 2026
0mins
Source: Newsfilter
- Gold Recovery Confirmation: The Imwelo Gold Project in Tanzania has confirmed through metallurgical testing that approximately 97% of the gold can be recovered using conventional methods, significantly reducing metallurgical uncertainty in mine development and enhancing the project's economic viability.
- Strategic Partnerships: The project boasts shareholders including Barrick Gold and Tanzania's wealthiest mining billionaire, with insiders holding over 70% of the shares, indicating strong market confidence and financial backing that enhances the project's investment appeal.
- Exploration Results: A recently completed 21-hole drilling program confirmed that mineralization extends beyond the current pit design, with highlights including gold grades of 11.88 g/t, indicating strong expansion potential that may attract further investor interest.
- Favorable Market Conditions: With gold prices surpassing $5,000, major producers like Barrick and Newmont are experiencing significant cash flow increases, highlighting a strong demand for permitted, production-ready gold resources, which further elevates Lake Victoria Gold's market value.
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Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 38.590
Low
44.31
Averages
58.14
High
71.00
Current: 38.590
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are located in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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