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Barrick Gold ( (TSE:ABX) ) has shared an announcement.
Barrick Gold Corporation announced a significant increase in its gold and copper reserves, underscoring its strategic focus on organic growth and asset quality. The company reported a 23% increase in gold mineral reserves and a 224% increase in copper reserves, highlighting the successful conversion of resources to reserves at its Reko Diq and Lumwana projects. This expansion positions Barrick as a leader in resource management, promising extended operational life and enhanced production capabilities, which are expected to create long-term value for its stakeholders.
More about Barrick Gold
Barrick Gold Corporation is a leading company in the mining industry, focused on the extraction and production of gold and copper. With operations spanning various global sites, Barrick is known for its strategic emphasis on organic growth through exploration and resource management, setting itself apart as a key player in value creation within the sector.
YTD Price Performance: 7.39%
Average Trading Volume: 20,947,545
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $29.98B
Learn more about ABX stock on TipRanks’ Stock Analysis page.
