Barrick Gold Corporation this week entered into an enhanced strategic cooperation agreement with China's Shandong Gold Group Co, deepening an existing relationship between the pair since Shandong first acquired 50% of the Veladero mine in Argentina last year.
Shandong is completing an independent evaluation on Barrick's Lama deposit and the potential for synergies with Veladero.
Barrick and Shandong will consider opportunities to work together on joint acquisitions or asset sales.
The two companies have also agreed to select one of Shandong's mines as a platform for learning and collaboration.
Barrick executive chairman John Thornton said the two companies had laid the foundation for a "distinctive, enduring and trust-...