Barrick Gold has replaced over 180 per cent of its depleted gold reserves since the end of 2019, adding almost 46 million ounces of reserves across its global assets.
Attributable measured and indicated gold resources for 2024 are staying consistent, sitting at 180 million ounces – up five per cent in 2023.
“In order for our industry to help build a better world, we have to invest in our own future, with transformational projects like the Lumwana Super Pit Expansion, Pueblo Viejo Expansion, Reko Diq and Fourmile,” Barrick president and chief executive Mark Bristow said.
“Barrick’s vision for these projects extends beyond mining, ensuring the benefits of these investments provide multi-generational benefits to our host countries and local communities through the development of local service provider partnerships and investment in the sustainability of our operating environments.”
Barrick mineral resource management and evaluation executive Simon Bottoms said that since the end of 2019, Barrick has successfully added 111 million ounces of attributable gold equivalent reserves.
This approach is complemented by our reserve replacement strategy, where we aim to add value by delineating ore body extensions and satellites at our long-term reserve prices rather than diluting the quality of our reserves through lifting reserve prices beyond the relative levels of cost inflation,” Bottoms said.
In 2025, Barrick plans to commence pre-feasibility study drilling at the end of the first quarter, targeting continued extension of the Fourmile mineral resource along strike to the north.
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