Feasibility study on expansion of Lumwana Super Pit expected by the end of the year

All amounts are expressed in US dollars

TORONTO, Sept. 11, 2024 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – The feasibility study for the expansion of Barrick’s Lumwana mine in Zambia is expected to be completed by the end of this year, paving the way for construction to commence in 2025, the company reported today.

During a webinar aimed at updating the market on the Lumwana Super Pit Expansion Project, Barrick President and CEO Mark Bristow said the expansion unlocks the potential to transform the Lumwana mine into a top 25, long-life, high-return copper producer.¹ and a Tier One² copper mine, which is resistant to the volatility of copper demand.