The company’s first acquisition was the Renabie mine, near Wawa, Ontario,
which produced around 16,000 ounces of gold in 1984. In 1984, Barrick Gold acquired Camflo Mining, which had operations in the province of Quebec and in the U.S. state of Nevada. Barrick’s effort to purchase was slowed by skepticism the company could assume Camflo’s debt of around $100 million. The sale was finalized in May, 1984, with terms that obligated Barrick Gold to repay the debt to The Royal Bank of Canada within one year. The debt was fully paid in January, 1985. Barrick Resources acquisition was Mercur mine in Mercur , Utah in June 1985, followed by the Gold Strike Mine, Nevada in 1986. Gold Strike Mine is in Carlin trend, estimated producing 100 million ounces of gold. - GOLD AND SILVER