September 04, 2024
Chairman and CEO, John Proust discusses de-risking the Japan Gold opportunity
Barrick as Japan Gold’s partner is de-risking Japan along with us. Newmont acquired a 9% equity stake and 60% of our company is held by 12 of the largest financial institutions in the world that have done their own deep due diligence on Japan. All these elements have de-risked the company.
September 04, 2024
Chairman and CEO, John Proust discusses the economic advantages of building a mine in Japan
The economics of building a mine are far superior in Japan than other places in the world. Japan built smelters that require supplies of silica-rich gold ores as smelter flux. A mine would directly ship gold ore to a smelter. From an economic standpoint, that removes the need for the capital expenditure to build costly infrastructure, and the permitting and timing that's associated with that.
September 04, 2024
Chairman and CEO, John Proust discusses Barrick Gold’s interest in Japan
Geopolitical safety is high on the priority list of not only investors but of the major mining companies. High grade gold is becoming harder and harder to find globally. The underexplored nature of Japan is very unique in the world as well as its rich history of high-grade gold mining. These combined with Japan Gold’s land package became a compelling case.
September 04, 2024
Chairman and CEO, John Proust discusses what Fraser MacCorquodale brings to Japan Gold
Japan Gold spent 12 years collecting the data that is required to make discoveries. Fraser is a world class, problem solver with the ability and depth of experience globally to recognize, something new and different and who will help us accelerate the discovery process.
September 04, 2024
Chairman and CEO, John Proust discusses where Japan Gold is today
Japan Gold is at an inflection point because we are putting drills on the ground, based on all the data that we've assembled on our best prospects, and we'll be drilling right through the rest of this year and well into next year, both with Barrick and looking at advancing our own projects.
September 04, 2024
President & COO, Fraser MacCorquodale brings depth of exploration knowledge to Japan Gold
It’s about applying 35 years of pattern recognition knowledge and then it’s about rapidly accelerating ground reduction so that we can get the dollars into the key places. And it’s also applying a strategic approach to understand what you're looking for. I know what a gold mine looks like, particularly with these types of deposits.
September 04, 2024
President & COO, Fraser MacCorquodale discusses why he is excited to explore Kyushu
Kyushu gets me excited because of the pedigree of deposits. You always want to see if the search base has been exhausted and it hasn't been. Exploration around the world is generally in the top 100m but gold deposits are just not restricted to 100m. The system could be bigger and when you start exploring deeper it opens up the whole search base. And in Kyushu, that's hasn't been done.
September 04, 2024
President & COO, Fraser MacCorquodale explains the prospectivity of Kyushu North
It's in the shadow of the headframe of the Taio Mine, which produced at just over 1,000,000oz. I like that area because you've got historic mines, but also along the corridor to the northeast of where we're exploring, there's a lot of outcropping veins and sinters. There are signatures of another epithermal district that has not been explored.
