Barrick Gold Surges to 192nd in Trading Volume with $721 Million Turnover

On April 3, 2025, Barrick Gold Corporation (GOLD) experienced a significant increase in trading volume, with a turnover of $721 million, marking a 93.51% rise from the previous day. This surge placed Barrick at the 192nd position in terms of trading volume for the day. However, the stock price of Barrick Gold Corporation declined by 0.15%, marking the second consecutive day of decline and a total decrease of 1.42% over the past two days.

Capital has secured a multi-year mining services agreement with Reko Diq Mining Pakistan, the operating company for the Reko Diq copper-gold project managed by Barrick Gold. The project, located in Balochistan, Pakistan, is expected to generate annual revenue exceeding $60 million for Capital once fully operational. The contract, set to run through December 2028 with a provision for a five-year extension, covers key development activities including early-stage civil works and mining services for the tailings storage facility.

Capital will utilize equipment previously deployed at other sites, such as Belinga and Sukari, to support these activities. The company has already commenced commissioning at Reko Diq and is in the process of onboarding personnel and conducting operational training. Full operational capacity for the civil works scope is targeted for the fourth quarter of 2025, with initial mobilization for the tailings storage facility expected to begin in the same quarter and full utilization anticipated in the second half of 2026.

In addition to these scopes, Capital continues to provide reverse circulation and diamond drilling services for geotechnical work at Reko Diq, expanding upon the company’s long-standing engagement in Pakistan. The Reko Diq project is jointly owned by Barrick Gold (50%), three federal state-owned enterprises (25%), and the Government of Balochistan (25%). Based on feasibility assessments conducted by Barrick, Reko Diq is expected to be among the 10 largest copper producers globally once operational, with a projected C1 cash cost of $0.53 per pound and an estimated mine life of approximately 37 years. Further exploration potential has also been identified, which may support an extension of the mine’s operational timeline beyond current projections.