Barrick Gold Secures Key Deals, Reducing Operational Overhang

Barrick Gold Corporation has successfully resolved two significant challenges simultaneously, clearing the way for a sharper focus on its core operational growth. The mining giant has settled a protracted dispute in Mali and, in a separate development, secured crucial funding for its massive Reko Diq copper-gold project in Pakistan.

In a major step forward for its growth pipeline, Barrick has received a financing commitment of $1.25 billion from the United States Export-Import Bank (EXIM) for the Reko Diq project. This endorsement highlights the venture’s strategic importance and covers a substantial portion of the required development capital.

The project, a 50/50 joint venture between Barrick and the governments of Pakistan Read more...