Barrick Gold proposes rebranding to reflect focus on copper [Yahoo! Finance]
Gold.com, Inc. (GOLD)
Last gold.com, inc. earnings: 2/12 07:00 am
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Source: Yahoo! Finance
In the 2025 Information Circular, Barrick Gold chairman John Thornton said this move is aimed at reflecting its “changing production profile”. For several years, CEO Mark Bristow has expressed his ambition to expand the company's copper operations, reported Bloomberg Barrick Gold is currently progressing its portfolio of growth projects towards a planned 30% increase in gold equivalent ounces by the end of 2030. According to Thornton, despite facing a difficult operating environment, Barrick achieved the goals it established for 2024. The company met its production targets for both gold and copper, upheld its record of reserve replacement and significantly expanded its resource base. The company enhanced its financial performance despite rising costs, achieving a 69% increase in net earnings, said to be its highest in a decade. Furthermore, it saw a 20% growth in operating cash flow and a doubling of free cash flow in 2024 as against 2023. “At the same time, we developed
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