Barrick Mining Reports Significant Increase in Gold Reserves and Resources, Extends Kibali Mine Life to 2043

summarizeSummary

Barrick Mining Corporation announced updated Mineral Resource and Reserve estimates for its Kibali Gold Mine, showing a notable increase in contained gold and extending the mine's operational life to 2043, supported by robust operational plans and a strong focus on renewable energy.

check_boxKey Events

• Increased Gold Reserves

  Total Mineral Reserves rose 5% to 11 Moz Au (100% basis) as of December 31, 2025, compared to 2024, based on a gold price of US$1,500/oz.

• Expanded Mineral Resources

  Measured and Indicated Mineral Resources increased 12% to 18 Moz Au, with Inferred Resources up 60% to 3.3 Moz Au (100% basis), based on a gold price of US$2,000/oz.

• Extended Mine Life

  The Life of Mine (LOM) plan for Kibali is now projected to extend 18 years, through 2043, confirming the economic viability of the Mineral Reserves.

• Strong Production & Renewable Energy Adoption

  The mine produced 673 koz Au in 2025 and now sources approximately 85% of its energy from renewable sources, capable of 100% renewable operation for up to six months annually.

auto_awesomeAnalysis

This comprehensive technical report provides a highly positive outlook for Barrick's Kibali Gold Mine, demonstrating significant growth in its core assets. The substantial increase in both Measured & Indicated and Inferred Mineral Resources, coupled with an extended mine life, reinforces the long-term production potential and value of the operation. The detailed operational plans, including a strong commitment to renewable energy, underscore the mine's efficiency and sustainability. While the current tailings storage capacity requires future expansion, the company has initiated studies to address this, mitigating potential risks. Investors should view this update as a strong affirmation of Kibali's strategic importance and Barrick's operational excellence.