Barrick Gold announces increase in resources, reserves

Barrick Gold Corporation grew attributable proven and probable gold mineral reserves by 6.7N ounces net of depletion in 2022, while maintaining grade despite an increase in the reserve price assumption. Reported at $1,300/oz1, attributable proven and probable mineral reserves now stand at 76 million ounces squared at 1.67g/t, increasing from 69 million ounces3 at 1.71g/t reported at $1,200/oz1 in 2021. Led by Pueblo Viejo and the Africa & Middle East region, Barrick has now delivered a second consecutive year of gold reserve growth over and above annual depletion, with nearly 12 million ounces squared 2 of attributable proven and probable reserve gains in 2022 before depletion. "While we continue to evaluate all new opportunities against our strategic filters, we have always believed that finding our ounces is better than buying them, and this year’s resource and reserve statement showcases the unmatched potential of our organic growth pipeline," said President and chief executive Mark Bristow.