Barrick Mining Delays $9B Reko Diq Project Amid Security Concerns
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 26 2026
0mins
Source: seekingalpha
Barrick Mining Corp's stock rose by 5.01% as it reached a 5-day high amid a broader market rally, with the Nasdaq-100 and S&P 500 both up over 2%.
The company announced a delay in its $9 billion Reko Diq copper-gold project due to deteriorating security conditions in Pakistan, which necessitated a reassessment of the project's feasibility. This decision reflects a cautious approach to geopolitical risks, as the company informed its partners about the impacts of rising separatist violence. Consequently, development activities will slow down, affecting the project's timeline and cash flow, with first production now expected no earlier than 2029.
This delay may have significant implications for Barrick's future production and cash flow, as the company navigates complex geopolitical landscapes. Investors may need to reassess their expectations regarding the company's growth trajectory in light of these developments.
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Analyst Views on B
Wall Street analysts forecast B stock price to rise
17 Analyst Rating
15 Buy
2 Hold
0 Sell
Strong Buy
Current: 41.690
Low
44.31
Averages
58.14
High
71.00
Current: 41.690
Low
44.31
Averages
58.14
High
71.00
About B
Barrick Mining Corporation is a Canada-based gold and copper producing company, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are in Argentina, Canada, Cote d’Ivoire, the Democratic Republic of Congo, the Dominican Republic, Papua New Guinea, Tanzania and the United States. Its copper mines are in Zambia, Chile and Saudi Arabia. Its operations include Nevada Gold Mines, Bulyanhulu, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Veladero and Zaldivar. Its Bulyanhulu operation is in north-west Tanzania, over 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Jabal Sayid copper operation is located approximately 350 km north-east of Jeddah in the Kingdom of Saudi Arabia. The Lumwana copper mine is a conventional open pit operation.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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