Barrick's Kibali Ends 2024 With Strong Performance

Core Insights - Barrick Gold's Kibali gold mine achieved its highest yearly throughput since commissioning, reflecting operational excellence and strong results [1] - The management team has been strengthened, focusing on exploration in highly prospective areas to bolster the mine's reserve pipeline [2] - Kibali is progressing with a 16MW solar plant to reduce carbon dioxide emissions and enhance renewable energy usage [3][4] Operational Performance - Kibali maintained ISO 45001 and ISO 14001 certifications, indicating high standards in occupational health, safety, and environmental management [5] - Fresh water extraction from the Kibali river was reduced from 15% to 11% due to system modifications [5] - The mine has contributed over $5.7 billion to the Congolese economy, with$3 billion spent on local suppliers [7] Community and Environmental Initiatives - Barrick is working with African Parks to reintroduce 64 white rhinos into Garamba National Park, building on previous successes [6] - The company is enhancing local content by collaborating with the Congolese regulator to support over 500 local companies [8] - Barrick invested $4.4 million in community development projects in 2024, completing 41 out of 44 planned projects [9]