Barrick plans to sell its Hemlo mine in Ontario. Credit: Barrick Mining
When Barrick Gold took over Randgold in 2019, its marketing dropped Gold from the name to reflect wider interests like copper and appeal to new investors. But it didn’t bother to change its registered moniker. Gradually, the Gold crept back in.
Now, the Gold has been guillotined, like a statement Barrick Mining (TSX: ABX; NYSE: B) means business this time.
“Most of the gold companies sort of have grasped at the opportunity to talk about copper,” CEO Mark Bristow said in an interview with MINING.COM‘s sister publication, The Northern Miner, in May. “But we actually pointedly said, ‘if you really want to be a big player in the gold business, it makes a whole lot of sense to focus on these big assets.’”
And so it is. Barrick is developing the $9-billion (C$12.5-billion) Reko Diq gold-copper project over two stages…
