Barrick Gold expects growing exposure to copper as price escalation boosts Q1 profits
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By The Canadian Press on May 5, 2021.
The Barrick Gold logo is seen during the company s annual general meeting in Toronto on Tuesday, April 28, 2015. THE CANADIAN PRESS/Nathan Denette
TORONTO – The CEO of Barrick Gold Corp. says copper stands to grow in importance for the world’s second-biggest gold miner after 10-year-high prices for copper bolstered its first-quarter earnings.
Barrick plans to continue its copper-directed exploration efforts while banking increasing revenue from existing mines as prices rise to more than US$4.50 per pound, Mark Bristow said on a conference call to discuss Barrick’s results from the first three months of the year.
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