Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX), one of the world’s leading mining companies, has announced a transformative change to reflect its evolving mission and portfolio.
The company plans to officially rebrand as Barrick Mining Corporation, with the French equivalent changing from « Société aurifère Barrick » to « Société minière Barrick », pending shareholder approval at its Annual and Special Meeting on May 6, 2025.
Alongside the name change, Barrick will also update its ticker symbol on the New York Stock Exchange from ‘GOLD’ to ‘B’, effective May 9, 2025.
The Toronto Stock Exchange listing will retain the ‘ABX’ symbol, and a new CUSIP number (06849F108) will be introduced for the common shares.
“Barrick’s vision is to be the world’s most valued gold and copper exploration, development, and mining company. This rebranding is more than cosmetic; it represents the company’s commitment to sustainable and profitable growth in both gold and copper mining,” stated Mark Bristow, President and CEO of Barrick. “
Gold remains at our core, but our expanding copper business will contribute significantly to our production volumes. The new name and ticker symbol better reflect this diversified growth trajectory.”
This decision underscores Barrick’s ambition to be a global leader in both gold and copper production. Key ongoing projects like the expansion of Pueblo Viejo and the Fourmile gold project in Nevada exemplify its dedication to innovation, while the Reko Diq project highlights its capability in developing world-class copper-gold assets.
Impact on the Mining Sector
This strategic shift is expected to have a positive ripple effect across the mining sector. By aligning its brand with its diversified portfolio, Barrick reinforces the importance of adaptability and long-term sustainability in mining.
The company’s emphasis on both precious and industrial metals positions it to thrive amid fluctuating market demands, setting a benchmark for innovation and growth in the industry.
This bold move signals Barrick’s confidence in its future and its leadership role in reshaping the global mining landscape.
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