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An announcement from Barrick Mining ( (TSE:ABX) ) is now available.
Barrick Mining has slowed development of its Reko Diq copper-gold project in Pakistan, extending a comprehensive review of the asset until mid-2027 amid escalating security risks in the country and wider region. The company continues to view Reko Diq as a valuable long-term project but will manage it with reduced capital spending while reassessing security, financing needs, project scope and timing.
Phase 1 of Reko Diq has been approved on this slower development basis, and Barrick expects significant increases to the previously disclosed multibillion-dollar capital budget and project timeline, including the prior goal of first production by the end of 2028. Despite the slowdown, Barrick plans to maintain active oversight of the project, honor its community and social commitments in-country, and work with joint venture partners as it monitors the evolving security landscape before providing further updates.
The most recent analyst rating on (TSE:ABX) stock is a Buy with a C$61.00 price target. To see the full list of analyst forecasts on Barrick Mining stock, see the TSE:ABX Stock Forecast page.
Spark’s Take on ABX Stock
According to Spark, TipRanks’ AI Analyst, ABX is a Outperform.
The score is driven primarily by strong financial performance (material margin expansion, improving leverage, and stronger cash generation) and a constructive earnings outlook with an enhanced shareholder-return framework. These positives are tempered by weak near-term technical momentum (oversold/bearish indicators) and operational risks flagged on the call (safety and PV recovery issues), while valuation appears reasonable but not a major catalyst.
To see Spark’s full report on ABX stock, click here.
More about Barrick Mining
Barrick Mining Corporation is a leading global mining, exploration and development company focused on gold and copper, with one of the largest portfolios of world-class, long-life assets in the sector. The company operates and advances projects across 17 countries on five continents and is the largest gold producer in the United States, emphasizing responsible mining, strong partnerships and disciplined growth.
Average Trading Volume: 7,046,910
Technical Sentiment Signal: Buy
Current Market Cap: C$98.33B
For an in-depth examination of ABX stock, go to TipRanks’ Overview page.