06:38 AM EDT, 03/11/2024 (MT Newswires) -- Barrick Gold ( GOLD ) over the weekend said its Loulo-Gounkoto complex in Mali is on track to meet its production guidance for the current quarter and year.

There have been no lost time injuries or major environmental incidents during the quarter to date, Barrick noted.

"It is worth noting that, in line with Barrick's policy of supporting local businesses, Malian contractors have been appointed to extend Gara West and re-open the Baboto open pit where drilling has confirmed a potential high-grade extension of the mineralized structure," Barrick President and CEO Mark Bristow said.

The company is also looking for fresh growth opportunities within the Loulo region, including via a high-resolution airborne magnetic geophysical survey, Bristow said.

Barrick also commissioned Phase 2 of the complex's solar power plant extension to 60 megawatts and a new battery storage system.