Barrick Mining

Barrick Mining (NYSE:B) released its Summary Sustainability Report, highlighting six years of ESG progress since its merger. The company has distributed over $70 billion to stakeholders and focuses on UN Sustainable Development Goals, workplace safety, and greenhouse gas emission management. Barrick is transitioning to renewable energy and investing in community infrastructure like schools, clinics, and water projects. The Summary Report offers a simplified overview of Barrick’s global environmental and social impact alongside the comprehensive 2024 Sustainability Report.

Barrick Gold sold its 50% stake in the Donlin Gold Project in Alaska for $1 billion to Paulson Advisers and NOVAGOLD. This strategic move reflects Barrick’s portfolio recalibration, focusing on resource allocation and streamlining operations. The divestiture, involving one of North America’s largest undeveloped gold deposits, frees up capital for Barrick to pursue new ventures or enhance existing ones, attracting keen Wall Street attention.