Barrick’s Unparalleled Asset Portfolio and Strategy to Drive Sustainable Growth
The company is exploring new growth opportunities in various countries including Chile, Peru and Ecuador.
SEATTLE (Scrap Monster): According to leading international miner Barrick Gold Corporation, the company's unmatched asset portfolio and strategy should propel long-term growth. In the upcoming years. Also, the Tier 1 asset portfolio and fruitful collaborations in host nations could unlock enormous value.
The company's president and CEO, Mark Bristow, told investors in New York that since the merger, the business has been able to generate about $23 billion in operating cash flow. Additionally, it has spent almost $15 billion on a range of expansion and operating initiatives. Additionally, during this time, Barrick has returned more than $5 billion to its owners and cut its net debt by around $4 billion.
The business is looking into fresh growth prospects in a number of nations, such as Ecuador, Peru, and Chile. Mine extension projects at Leeville, Goldrush, Hanson, Robertson, Swift, and Turquoise Ridge have made notable strides, according to the report. Production at the recently approved Goldrush mine is increasing. In addition, the company is working to transform Fourmile Mine into a world-class asset after completing an initial economic study.
While concentrating on developing world-class gold and copper businesses worldwide, Barrick emphasized its dedication to a comprehensive approach to sustainability.
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