Barrick Gold (TSX: ABX) has forecasted a 30 percent growth in gold-equivalent production from its current asset base by 2030. The company’s CEO, Mark Bristow, shared this projection at the Gold Forum Americas event held in Colorado Springs, Colorado from September 15 to September 18.
Barrick Gold currently operates six Tier 1 gold mines with plans for additional mines in the pipeline. Despite a slight decrease in its share price, closing at C$27.85, the company remains optimistic about its future prospects.
Bristow emphasized Barrick’s focus on building a sustainable and profitable gold and copper business by leveraging its world-class assets. He highlighted the company’s successful reduction of net debt, substantial investments in key mines, and significant returns to shareholders since 2019.
With a strong presence in various gold-producing regions such as Argentina, Canada, and the United States, Barrick Gold continues to position itself as a leading gold and copper producer in the industry.
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