2028 Targeted For First Production From Reko Diq

ISLAMABAD, PAKISTAN - Barrick Gold Corporation President and Chief Executive, Mark Bristow, reported, “After the Pakistan federal and Balochistan provincial government following the completion of the legal processes and definitive transaction agreements last month, it plans to finish the Reko Diq feasibility study update by the end of 2024, with 2028 targeted for first production from the giant copper-gold mine in the country’s Balochistan province.”

Reko Diq will be operated by Barrick, which owns 50% of the project, with Balochistan holding 25% and three Pakistani state-owned enterprises sharing the remaining 25%. The shareholding structure is in line with Barrick’s policy of benefit-sharing partnerships with its host countries. As part of a three-day project review that started in Quetta. Operations will provide extensive social and economic development opportunities that would be generated, and is expected to have a life of at least 40 years.