- JOSE’s Josemaria Copper-Gold Project makes list of possible acquisitions as Barrick Gold eyes expansion into copper space
- Barrick CEO calls copper “fantastic asset and very strategic”
- Article notes that JOSE property has proven probable reserves of 6.7 billion lbs. of copper, 7 million ounces of gold, 30 million ounces of silver
Josemaria Resources (TSX: JOSE) (OTCQB: JOSMF), a natural resources company that is offering an advanced-stage copper-gold deposit project located in Argentina, is on a short list of potential acquisitions Barrick Gold may be looking at, according to a “Dear Retail” article (https://ibn.fm/brYUr). The article notes that Barrick currently owns a copper mine in Zambia as well as interests in two additional projects, one in Chile and one in Saudi Arabia. However, the company’s copper output is relatively small and certainly “no match for copper giants like BHP, Glencore, Freeport-McMoran and Anglo American.”
The article, titled “Why Barrick Gold (NYSE: GOLD) Could Acquire These Copper-Gold Projects,” notes that Barrick Gold president and CEO Mark Bristow, who joined the company in early 2019, sees a tremendous value in copper. “As gold miners, we’re going to have to take on other assets, and copper is a good thing to own,” Bristow said earlier this year…
NOTE TO INVESTORS: The latest news and updates relating to JOSMF are available in the company’s newsroom at https://ibn.fm/JOSMF
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