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Barrick Gold ( (TSE:ABX) ) has provided an update.
Barrick Gold Corporation has made a substantial economic impact in Tanzania through its Twiga joint venture, injecting over $4.24 billion since 2019 and contributing $888 million in 2024 alone. The partnership has been pivotal in providing employment, supporting local businesses, and funding community projects, with 96% of the workforce being Tanzanian nationals. Significant advancements have been made in mine production, safety records, and environmental management. The establishment of a Special Economic Zone and the Barrick Academy underscores Barrick’s commitment to sustainable development and talent cultivation. Additionally, the expansion of exploration areas is vital for the long-term strategy to enhance mineral reserves and sustain growth in the region.
More about Barrick Gold
Barrick Gold Corporation is a prominent player in the extractive industry, primarily focusing on gold mining. The company operates significant mining projects such as the North Mara and Bulyanhulu gold mines in Tanzania, under the Twiga joint venture, which was established with the Tanzanian government.
YTD Price Performance: 0.06%
Average Trading Volume: 20,930,081
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $27.92B
Find detailed analytics on ABX stock on TipRanks’ Stock Analysis page.
