Copper's contribution to ABX bottom line is increasingCopper's contribution to Barrick's bottom line is increasing as Pakistan project revived
https://financialpost.com/commodities/mining/coppers-contribution-to-barricks-bottom-line-is-increasing-as-pakistan-project-revived/wcm/c07e6022-b156-4d67-be87-b7f43e32bf5f/amp/ For months, investors have been wondering how Toronto-based Barrick Gold Corp. would add to its future new project pipeline after it sat out a round of industry consolidation over the past couple of years. Barrick partly answered that question on March 20, announcing a deal, in principle, with Pakistan’s government to restart work on Reko Diq, one of the world’s largest undeveloped copper and gold deposits.
Reko Diq, which many investors and analysts forgot about after a contentious legal dispute halted the project in 2011, would require billions of dollars of investment to build and take many years to complete. But it could potentially give Barrick a shot in the arm: past studies indicated the site contains billions of pounds of copper and millions of ounces of gold, and could produce for multiple decades.