Barrick Gold (NYSE:GOLD)(TSX:ABX) announced Friday it is advancing its portfolio of growth projects to support a planned 30% growth in gold equivalent ounces by the end of the decade..
The company’s chairman John Thornton said that despite a challenging operating environment, Barrick delivered on the goals it set for 2024, meeting its gold and copper production guidance and maintaining its record of reserve replacement while adding substantially to its resource base.
“We improved our financial performance, despite higher costs, with an increase in net earnings of 69% — the highest in a decade — operating cash flow growth of 20%, and a doubling of free cash flow relative to 2023,” Thornton said in a news release.
He also said Barrick has developed its portfolio to achieve sustainable production and profitable growth, and is ramping up Pueblo Viejo in the Dominican Republic, has started…
