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GOLD-BARRICK GOLD CORP

Barrick Gold Partners with Weir Group for Sustainable Solutions in Pakistani Copper-Gold Project and Plans Major Expansion of Lumwana Mine in Zambia

Monday

16 September, 2024

Barrick Gold is forging ahead with ambitious projects in Pakistan and Zambia, emphasizing sustainable practices and local economic growth. With a potential to double production at Lumwana and a long-term partnership for Reko Diq, can these initiatives reshape the future of mining?

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Key Takeaways
  • Investors face risks with Barrick Gold's Reko Diq project, which won't produce until 2028.
  • The Lumwana copper mine's expansion relies on feasibility and funding, creating uncertainty.
  • Projected production increases depend on successful execution, with potential operational setbacks threatening profits.
  • A Zacks Rank of #3 suggests analysts are cautious about Barrick's prospects.
  • Despite ambitious plans, market volatility complicates Barrick's execution and investor confidence.
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