Barrick reports 4% gold reserves decline in 2020
(Kitco News) - Barrick Gold (NYSE:GOLD)(TSX:ABX) reported today that its attributable proven and probable gold reserves as at December 31, 2020, amounted to 68 million ounces, a 4% decline over gold reserves reported as at December 31, 2019 (71 million ounces).
The company said that attributable group reserves partially replaced net of depletion, excluding Massawa disposition.
Barrick's attributable measured, indicated and inferred gold resources (inclusive of reserves) were 209 million ounces as at December 31, 2020, or in line with resources reported as at December 31, 2019.
Barrick is the world's second largest gold producer after Newmont. Barrick has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. The company has second largest gold reserves base.