Barrick Gold Corp.

Barrick Gold Corp. has paid the first US$3 million to the Balochistan provincial government as part of the new Reko Diq partnership. After the signing of definitive agreements and completion of legal process last month, Barrick and the Government of Balochistan recently agreed upon the timetable for the disbursement of committed funds to the province. Reko Diq Pakistan Country Manager Ali E. Rind handed over the cheque [...]

Barrick Gold Corp. - Africa's largest gold mine, Kibali, is again on track to replace its reserves beyond the ounces depleted by mining in the previous year, while new growth opportunities will also support its +10-year business plan and its status as one of Barrick's Tier One1 assets. Barrick president and chief executive Mark Bristow told media here today that Kibali's prolific KCD orebody was continuing to deliver [...]

Barrick Gold Corp. -Seventeen years after it went into production, Barrick's Loulo-Gounkoto mining complex in Mali continues to demonstrate its value as a key socio-economic partner to the country. In 2022 it maintained its historically consistent performance by meeting its production guidance and solidified its long-term outlook and is expected to replace its mined ounces for the fourth successive year. The initial [...]

Barrick Gold Corp. - Barrick's two gold mines in Tanzania, North Mara and Bulyanhulu, boosted their combined output to 547,0001 ounces in 2022, achieving another step towards their potential Tier One2 status in the group's asset portfolio as a combined complex. At the same time, exploration is continuing to deliver opportunities to grow the mineral reserves net of depletion at both mines. North Mara's transition to [...]

Barrick Gold Corp. today reported preliminary full year and fourth quarter 2022 production results. On the back of stronger Q4 production, 13% higher than the previous quarter, preliminary gold production for the full year of 4.14 million ounces was approximately 1% lower than the 4.2 million ounces1 previously guided, while preliminary copper production of 440 million pounds for 2022 was in line with the guidance range [...]

Barrick Gold Corp. - Barrick president and chief executive Mark Bristow has advised the Pakistan federal and Balochistan provincial government that, following the completion of the legal processes and definitive transaction agreements last month, the company plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production from the giant copper-gold mine in the country's [...]

Barrick Gold Corp. today signed new joint venture agreements with Ma'aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar license areas. These new prospective joint ventures significantly expand Barrick's exploration footprint in Saudi Arabia, grow the Ma'aden Barrick partnership and open up potential synergies with the neighboring Jabal Sayid mine, an already successful 50/50 [...]

Barrick will release its 2022 Q4 and full year results on Wednesday, February 15, 2023. President and CEO Mark Bristow will host a live presentation of the results that day at 11:00 EST / 16:00 UTC, with an interactive webinar linked to a conference call. Participants will be able to ask questions. The company will release its preliminary production, sales and cost information for Q4 and full year 2022 on January 17 [...]

Barrick Gold Corp. said today that it had completed the reconstitution of the Reko Diq project, having received a favorable opinion from the Supreme Court of Pakistan and the required legislation having been passed into law. One of the largest undeveloped copper-gold projects in the world, Reko Diq is owned 50% by Barrick, 25% by three federal state-owned enterprises, 15% by the Province of Balochistan on a fully funded [...]

Barrick Gold Corp. today announced that Moody's Investors Service has upgraded the senior unsecured ratings of Barrick and all rated subsidiaries to A3 from Baa1, with a stable outlook. In a news release announcing the upgrade, Moody's noted that Barrick's liquidity is excellent, which provides significant flexibility to maneuver through gold price volatility. Since August 2015, when Barrick's long-term corporate debt [...]