Barrick's embedded growth projects to drive value with 30% rise in production

All amounts expressed in us$ toronto, sept. 12, 2023 (globe newswire) -- barrick gold corporation (nyse:gold)(tsx:abx) – with the potential embedded in its growth project portfolio, barrick plans to double its copper production by the end of the decade and continue to increase it to an estimated 1 billion pounds or 450,000 tonnes of copper per annum by 2031, says president and chief executive mark bristow.1 speaking to investors on an update call, bristow said this substantial growth in copper production combined with the output from barrick's sector-leading gold portfolio was expected to increase the group's attributable production by some 30% to 6.8 million gold-equivalent ounces by 2031.1,2 “the value of these projects, and in particular of our substantial and growing copper business, is currently underestimated by the market.
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