Barrick’s 15-year North Mara licences: output, AISC and expansion lens for engineers - geomechanics.io

AI desk brief

Tanzania renewed Barrick’s two special mining licences for North Mara for 15 years, securing tenure for a mine that produced 249,000 attributable oz last year and holds 43 Mt of reserves at 2.32 g/t for 3.2 Moz. Barrick still needs a sharp H2 ramp to hit 2026 guidance of 200,000–230,000 oz at AISC of US$1,520–US$1,680/oz, after H1 output fell 47% y/y to 68,000 oz and AISC jumped 79% y/y to US$2,283/oz.