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The Reko Diq project, located in Balochistan, Pakistan, is being operated by GOLD.
All amounts expressed in US dollars ISLAMABAD, April 08, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The Reko Diq Joint Venture shareholders have approved the project's updated Feasibility Study and conditionally approved the associated Phase 1 development capital subject to the closing of up to $3 billion limited recourse project financing, allowing the project to advance with major works in 2025, while maintaining the target for first production by the end of 2028. At the same time, the shareholders have selected Fluor Corporation as the lead Engineering, Procurement and Construction Management (EPCM) partner to work alongside the Barrick Owner's Team in the detailed design and construction of the project.
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Newmont Corporation NEM and Barrick Gold Corporation GOLD are two of the biggest gold mining companies on the planet, each with extensive operations across multiple continents and diversified portfolios. With gold prices soaring, driven by global economic uncertainties and trade tensions, comparing these two industry giants is particularly relevant for investors seeking exposure to the precious metals sector.
GOLD is strategically enhancing its portfolio to drive sustainable production and profitable growth.
(All dollar figures are in US dollars unless otherwise indicated) TORONTO , April 7, 2025 /PRNewswire/ - New Gold Inc. ("New Gold" or the "Company") (TSX: NGD) (NYSE American: NGD) is pleased to announce that it has entered into an agreement with Ontario Teachers' Pension Plan ("Ontario Teachers'") to acquire the remaining 19.9% free cash flow interest in the Company's New Afton Mine ("New Afton") (the "Transaction"). Following the transaction, the Company will have fully consolidated its free cash flow interest in New Afton to 100%.
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TORONTO, April 04, 2025 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) has nominated Ben van Beurden and Pekka Vauramo for election to its Board of Directors at the company's Annual and Special Meeting of Shareholders on May 6, 2025.
TORONTO, April 04, 2025 (GLOBE NEWSWIRE) -- Having laid the foundation to build the world's most valued gold and copper company, Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) is now advancing its portfolio of growth projects to support a planned 30% growth in gold equivalent ounces by the end of the decade1, says chairman John Thornton.
While GOLD's actions to advance key projects and solid financial health augur well, its high costs and downbeat production outlook warrant caution.