Barrick Mining

Barrick has appointed Sebastiaan Bock, with immediate effect, as chief executive officer for its business outside North America. Bock will lead the gold and copper operations in Africa, the Middle East, Latin America and Asia‑Pacific and will report directly to Mark Hill. The portfolio produces more than two million ounces of gold equivalent annually; the company expects production growth of over 20% in the next three years. » Más en de.investing.com

Barrick Mining subscribes for 15,470,934 units of Kingfisher Metals for a total of approximately CAD 20.9 million, bringing its holding to about 9.9% currently, diluting up to 14.1%. Each unit consists of one share and one-half warrant; a full warrant entitles the holder in two years to acquire an additional share at CAD 1.70. Barrick secures extensive participation and veto rights on projects and commits to certain voting behaviour; in return the company offers technical support for drilling programmes in the 2027/2028 seasons. Kingfisher intends to invest at least 80% of the proceeds in exploration and development of the HWY-37 project in the Golden Triangle. The closing is subject to customary conditions and the approval of the TSX Venture Exchange, planned no later than July 27, 2026. » Más en finanzen.net

Barrick has released its 2025 sustainability report, saying reportable workplace injuries have fallen by 60% since 2020 and lost-time injuries decreased 28% year on year. 96% of employees and 76% of suppliers are from host countries; more than USD 7.1 billion went to local suppliers, and the company invested over USD 62 million in community-led development projects. Barrick achieved improvements in water reuse and recycling, holds an A on its sustainability scorecard, and also posted strong financials with USD 19 billion in revenue and a 55% gross profit margin. » Más en de.investing.com