Barrick Gold head Mark Bristow is looking to steer the company into a future of value and growth, while still meeting its 2024 guidance.
The gold miner’s president and chief executive officer said a strong second quarter has positioned the company to deliver on gold production during 2024, with the Porgera mine delivering a successful plant completion test.
“The strong cash flows from our operations will fund … developments while our robust balance sheet will support the forecast growth and dividends,” Bristow said.
“In the meantime, Barrick’s unparalleled ability to replace reserve depletion organically will continue to enhance the scope and quality of our existing asset base.”
A key highlight of the quarter was the launch of Barrick’s comprehensive biodiversity assessment tool, produced in collaboration with experts to establish baselines and identify residual impacts.
The tool complements Barrick’s sustainability strategy.
“We are using this tool at all our sites which allows us to quantify both positive and negative impacts on biodiversity across our operations worldwide,” Bristow said.
“This informed approach will guide targeted actions to take our already established rehabilitation and key biodiversity conservation initiatives to another level.”
Barrick achieved a 33 per cent decrease in total recordable injuries from the first quarter, and remained lost time injury free during the month of June.
Personnel at Porgera continue to provide humanitarian and logistical support following the Mulitaka landslide that occurred in May.
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