Barrick Gold grows gold, copper reserves

Barrick Gold (GOLD) grew attributable proven and probable gold mineral reserves by 17.4 million ounces before 2024 depletion. Attributable proven and probable mineral reserves now stand at 89 million ounces at 0.99g/t2, increasing from 77 million ounces at 1.65g/t3 in 2023. The year-on-year change was led by the conversion of Reko Diq copper-gold resources to mineral reserves, adding 13 million ounces of gold at 0.28g/t2 on an attributable basis, following the completion of the feasibility study. Significantly, before the addition of Reko Diq, Barrick delivered a fourth consecutive year of replacing annual depletion at a 4% higher grade, continuing to demonstrate the results of an unremitting focus on asset quality and further extending the life of our existing operations.