Barrick faces contractor layoffs in Mali as it plans name change

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President and chief executive Mark Bristow. (Image courtesy of Barrick Gold.)

Barrick Gold (NYSE:GOLD)(TSX:ABX) confirmed Monday it plans to change its name to Barrick Mining Corporation at its upcoming annual and special meeting of shareholders next week.

The company also intends to change its ticker symbol on the New York Stock Exchange from GOLD to B, effective at the start of trading on May 9, 2025. Barrick’s shares on the Toronto Stock Exchange will continue to trade under the ABX ticker.

The move reflects Barrick’s ongoing expansion into copper, complementing its gold business. The miner is investing $6 billion to develop the massive Reko Diq copper-gold project in Pakistan, expected to begin operations in 2028 and last for at least four decades. It is also expanding its Lumwana copper mine in Zambia, aiming to position it among the world’s largest copper operations.

Chief executive Mark…

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