Barrick Outlines Growth Plans for Nevada Gold Mines and Global Portfolio
Event summary
- Barrick Mining Corporation presented at Mining Forum Americas 2026 on September 29, 2026, outlining growth plans for its North American and Rest of World portfolios.
- Mark Hill, President and CEO, highlighted potential to expand Nevada Gold Mines production to over 3 million ounces annually for the next decade.
- Sebastiaan Bock, CEO of Rest of World, discussed the ramp-up of Loulo-Gounkoto and progress on the Lumwana Super Pit Expansion.
- Barrick emphasized disciplined capital allocation and sustained production growth through brownfield development and infrastructure investments.
The big picture
Barrick's presentation underscores its focus on organic growth through existing assets, a strategy that aligns with broader industry trends of maximizing value from brownfield developments. The company's disciplined approach to capital allocation and emphasis on sustained production growth reflect its commitment to long-term value creation in a volatile commodity market. The scale of Barrick's operations, spanning 17 countries, positions it as a key player in the global gold and copper sectors.
What we're watching
- Production Growth
- Whether Barrick can sustain the projected production growth at Nevada Gold Mines and other key assets.
- Capital Allocation
- The pace at which Barrick will allocate capital to its pipeline of growth opportunities.
- Operational Risks
- How potential disruptions in supply routes and geopolitical instability may impact Barrick's growth projects.
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