Barrick Gold Corporation reported strong financial results for FY2024, with revenue climbing 13% YoY to $12.9B and net earnings surging 68.5% to $2.14B from $1.27B in 2023. Gold production reached 3.91M ounces, down 3.5% YoY, while copper production increased 2.1% to 195K tonnes. The company maintained a solid financial position with $4.1B in cash and gold reserves expanding 15.6% to 89M ounces.The company achieved several operational milestones, including the successful restart of the Porgera mine, completion of the Pueblo Viejo process plant expansion, and advancement of the Reko Diq project. Management implemented a $1B share buyback program, resulting in the repurchase of 28.675M shares in 2024. However, operations at Loulo-Gounkoto were temporarily suspended due to a dispute with the Mali government.Looking ahead to 2025, Barrick projects gold production of 3.15-3.5M ounces, excluding Loulo-Gounkoto, and copper production of 200-230K tonnes. The company has approved the Reko Diq Phase 1 development with a capital cost of $5.6-6B and is advancing the Lumwana Super Pit Expansion Project with a $2B investment commitment.

Barrick Gold Corporation reported strong financial results for FY2024, with revenue climbing 13% YoY to $12.9B and net earnings surging 68.5% to $2.14B from $1.27B in 2023. Gold production reached 3.91M ounces, down 3.5% YoY, while copper production increased 2.1% to 195K tonnes. The company maintained a solid financial position with $4.1B in cash and gold reserves expanding 15.6% to 89M ounces.The company achieved several operational milestones, including the successful restart of the Porgera mine, completion of the Pueblo Viejo process plant expansion, and advancement of the Reko Diq project. Management implemented a $1B share buyback program, resulting in the repurchase of 28.675M shares in 2024. However, operations at Loulo-Gounkoto were temporarily suspended due to a dispute with the Mali government.Looking ahead to 2025, Barrick projects gold production of 3.15-3.5M ounces, excluding Loulo-Gounkoto, and copper production of 200-230K tonnes. The company has approved the Reko Diq Phase 1 development with a capital cost of $5.6-6B and is advancing the Lumwana Super Pit Expansion Project with a $2B investment commitment.