Barrick Gold Surges to 221st in Trading Volume with $758 Million in Shares Exchanged

On April 9, 2025, Barrick Gold Corporation (GOLD) saw a significant surge in trading volume, with a total of $758 million in shares exchanged, marking a 55.05% increase from the previous day. This surge placed Barrick Gold at the 221st position in terms of trading volume for the day. The stock price of Barrick Gold also rose by 7.31%.

Barrick Gold Corporation's Reko Diq project in Pakistan has received a significant boost as shareholders of the Reko Diq Joint Venture approved the project's updated Feasibility Study. This approval is conditional on securing up to $3 billion in limited recourse project financing, which will enable major works to commence in 2025 with a target for first production by the end of 2028. The project, located in the province of Balochistan, Pakistan, is one of the world's largest undeveloped copper-gold projects and is operated by Barrick.

Fluor Corporation has been selected as the lead Engineering, Procurement, and Construction Management (EPCM) partner for the Reko Diq project. This partnership is expected to strengthen the project's execution with technical rigor, operational discipline, and socio-environmental responsibility. Fluor will work alongside the Barrick Owner's Team in the detailed design and construction of the project, supported by expert engineering consultants including Knight Piesold, PRDW, and Vecturis. Metso, Weir, and Komatsu have also been selected as key partners, providing the majority of the processing and mining equipment.

Barrick's president and chief executive, Mark Bristow, emphasized the importance of this milestone, reflecting the support of the governments of Balochistan and Pakistan. He highlighted the shared commitment to delivering large-scale mining projects safely, responsibly, and efficiently, while maximizing local content and community development. The project's progress is expected to bring lasting value to all stakeholders, particularly the people of Balochistan and Pakistan.