Long-term value creation drives sustainable growth for barrick

All amounts expressed in us dollars new york, nov. 22, 2024 (globe newswire) -- barrick gold corporation (nyse:gold)(tsx:abx) said today it was making significant progress in building a business for the future with a peerless tier one1 focused asset portfolio and a strategy that continues to uncover and unlock value, while also fostering productive partnerships in its host countries. speaking in new york to investors at an in-depth presentation on the group's position, achievements and plans, president and chief executive mark bristow said that since the merger, barrick had generated $23 billion in operating cash flow, invested $15 billion in its operations and growth projects — effectively recapitalizing operations for the next 10 years or more — reduced the net debt by nearly $4 billion and returned over $5 billion to shareholders.2 “our world-class projects are set to deliver a new growth phase and our targeted exploration programs are on course to maintain barrick's unmatched record of reserve replacement, which allows us to project a 10-year production profile,” he said.
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