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Barrick Gold

Reko Diq project: Supernet to deliver internet, communication infrastructure

Supernet Limited will provide internet and communication infrastructure at the Reko Diq Copper and Gold Mine in...

Published 28 Apr, 2025 12:08pm

Business & Finance

Mali shuts Barrick Gold’s Bamako office over alleged non-payment of taxes

DAKAR: Malian authorities have shut the Canadian miner Barrick Gold’s office in the capital Bamako over the ...

Published 16 Apr, 2025 05:55am

Business & Finance

Mali shuts Barrick Gold’s Bamako office over alleged non-payment of taxes

DAKAR: Malian authorities have shut the Canadian miner Barrick Gold’s office in the capital Bamako over the alleged...

Published 15 Apr, 2025 09:39pm

Business & Finance

First-phase of development funding approved for Reko Diq, $74 billion economic boost expected

The Reko Diq project has advanced to a crucial development stage following the approval of first-phase funding based...

Updated 13 Apr, 2025 10:07pm

Pakistan

Mining giant Barrick Gold approves plan for copper-gold project in Pakistan: Bloomberg

Canadian mining giant Barrick Gold Corporation has provisionally approved plans to develop a vast copper-and-gold...

Updated 09 Apr, 2025 06:51pm

Reko Diq: CEO declares project as ‘beacon’ for nation

ISLAMABAD: Barrick Gold’s CEO, Mark Bristow, declared on Tuesday that the Reko Diq copper and gold project has the...

Updated 09 Apr, 2025 10:15am

Pakistan

Pakistan ready to emerge as leader in global mineral economy, says army chief

Chief of Army Staff (COAS) General Syed Asim Munir announced on Tuesday that “Pakistan is ready to become a key...

Updated 08 Apr, 2025 11:37pm

Pakistan

Barrick’s Reko Diq project in Pakistan aims new financing

KARACHI: Barrick Gold’s Reko Diq copper and gold project in Pakistan intends to lock in upwards of $2 billion in...

Published 08 Apr, 2025 03:54pm

Markets

Reko Diq to transform Pakistan into ‘top global mining jurisdictions’, says Barrick CEO

Bristow says Reko Diq to become major contributor to Pakistan’s economy

Updated 08 Apr, 2025 08:24pm

Business & Finance

OGDCL expands Reko Diq funding commitment to $627mn

Oil and Gas Development Company Limited (OGDCL), one of Pakistan’s largest E&P, has approved an increase in its...

Updated 25 Mar, 2025 10:17pm

Business & Finance

Barrick Gold beats profit estimates; announces new share buyback

Canada’s Barrick Gold beat analysts’ estimates for fourth-quarter profit on Wednesday on higher gold prices and...

Published 12 Feb, 2025 04:48pm

Business & Finance

Biafo Industries partners with Reko Diq Mining Company

Biafo Industries Limited (BIFO), a Pakistani explosives manufacturer, has inked a contract with the Reko Diq Mining...

Updated 10 Feb, 2025 10:56pm

Business & Finance

Reko Diq project: Barrick Gold sees higher gold reserves

TORONTO: Canadian miner Barrick Gold’s overall proven and probable gold reserves jumped 23% to 17.4 million ounces...

Published 07 Feb, 2025 06:32am

Markets

Gold price per tola gains Rs4,250 in Pakistan

Gold prices in Pakistan registered a massive increase on Wednesday in line with their rise in international rates....

Updated 22 Jan, 2025 04:41pm

Business & Finance

Barrick CEO speaks about Reko Diq mine: $74bn in free cash flow likely over 37 years

KARACHI: The Reko Diq copper and gold project in Pakistan is expected to generate approximately $74 billion in free...

Published 21 Jan, 2025 06:12am

Markets

Pakistan’s Reko Diq mine to generate $74bn in free cash flow over 37 years, Barrick CEO says

Project expected to start production by end of 2028

Updated 20 Jan, 2025 10:18pm

Markets

Gold unchanged at Rs278,800 per tola in Pakistan

Gold prices in Pakistan remained stable on Saturday, in line with the international rates. In the local market, the...

Published 09 Nov, 2024 12:15pm

Markets

Gold price per tola increases Rs2,000 in Pakistan

After registering a substantial decrease in the previous session, gold prices in Pakistan increased on Friday in...

Updated 08 Nov, 2024 02:26pm

Business & Finance

Reko Diq Mining Company approaches PIBT for cargo handling

Reko Diq Mining Company (Private) Limited has chosen Pakistan International Bulk Terminal Limited (PIBT) as the...

Updated 08 Nov, 2024 10:32pm

Reko Diq mines: Manara Minerals set to buy a stake: Al-Falih

ISLAMABAD: Minister for Investment of Kingdom of Saudi Arabia, Sheikh Khalid Bin Abdul Aziz Al-Falih, Thursday,...

Updated 11 Oct, 2024 09:13am

Markets

Saudi Arabia, Pakistan to sign Barrick deal in few weeks, says Al Faleh

Eager to start number of mining initiatives but hope to close Reko Diq project with Pakistan's SOEs and Barrick Gold in the coming weeks, says Saudi Arabia Minister for Investment

Updated 10 Oct, 2024 11:59pm

Business & Finance

Weir Group secures £53mn order for Reko Diq copper-gold project in Pakistan

Scottish multinational engineering company will supply fine grinding, separation, and tailings solutions for the project's first phase

Updated 20 Aug, 2024 10:50pm

Business & Finance

Fleet Space Technologies’ ExoSphere to be used for Reko Diq exploration

Fleet Space Technologies of Australia will deploy ExoSphere, an end-to-end mineral exploration solution, to advance...

Updated 11 Jul, 2024 10:37pm

Editorials

The contracts

EDITORIAL: Prime Minister Shehbaz Sharif while chairing a meeting on Reko Diq mining project - with the Chief...

Published 28 Mar, 2024 06:50am

World

Barrick looks to explore new gold, copper deposits in DR Congo

BENGALURU: Canadian Miner Barrick Gold said on Wednesday it was ready to explore new gold and copper deposits in the...

Published 28 Mar, 2024 06:30am

Business & Finance

Barrick Gold delegation calls on PM: ‘Reko Diq project’s feasibility to be completed this year’

ISLAMABAD: A delegation of Barrick Gold Company led by Chief Executive Officer Mark Bristow was called Prime ...

Published 23 Mar, 2024 05:41am

Pakistan

PM Shehbaz invites Barrick Gold to invest in other mineral projects in Balochistan

Prime Minister Shehbaz Sharif on Friday invited Barrick Gold – the Toronto-based mining company that is working on...

Updated 22 Mar, 2024 11:32pm

Opinion

Does Pakistan need copper?

The Business Recorder of January 08, 2024, carried a headline ‘Co asked to share logistic requirements for Reko Diq...

Updated 17 Jan, 2024 02:33pm

Opinion

Pakistan mineral outlook

Recently, an important conference, ‘Pakistan Mineral Summit’, has been organised in Islamabad by the Petroleum...

Updated 16 Aug, 2023 06:18am

Govt of Pakistan’s equity in Reko Diq project: Barrick says ‘will not mind’ if PIF wants to buy out

Barrick will support Saudi Arabia’s wealth fund coming into the mine through Pakistan’s 25% equity stake, says CEO Mark Bristow

Updated 09 Aug, 2023 10:21am

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / May 19	281.83
USD PKR Interbank Buying / May 19	281.63
USD to Japanese Yen / May 19	145.04
USD to Swiss Franc / May 19	0.84
Pound Sterling to USD / May 19	1.33
Euro to USD / May 19	1.12
UK LIBOR % / May 16	4.96

Stock	Volume
S&P 500 / May 16	5,958.38
Nasdaq / May 16	19,211.10
Dow Jones / May 16	42,654.74
India Sensex / May 19	82,171.74
Tokyo Nikkei / May 19	37,498.63
Hang Seng / May 19	23,303.78
FTSE 100 / May 19	8,642.72
Germany DAX 30 / May 19	23,746.47
France CAC40 / May 19	7,867.04

Item	Value
Karachi Cotton PKR/37.32 KG / May 16	16,985
Gold 10 Grams PKR / May 16	288,151
Petrol/Litre / May 19	252.63
Crude Oil USD/Barrel / May 19	61.99
Gold Spot USD/Ounce / May 19	3,221.72
Diesel/Litre / May 19	254.64
Cotton US¢/pound / May 19	64.92

Gainers
Losers
Leaders

Stock	Price
Parmount Sp. / May 19 Paramount Spinning Mills Limited(PASM)	3.55 ▲ 0.44 (14.15%)
Dost Steels Ltd. / May 19 Dost Steels Limited(DSL)	9.34 ▲ 1 (11.99%)
Paramount Mod / May 19 First Paramount Modaraba(FPRM)	7.95 ▲ 0.83 (11.66%)
Balochistan Glass / May 19 Baluchistan Glass Limited(BGL)	9.95 ▲ 1 (11.17%)
Beco Steel Ltd / May 19 Beco Steel Limited(BECO)	10.14 ▲ 1 (10.94%)
Ghani Chemworld / May 19 Ghani Chemworld Limited(GCWL)	10.62 ▲ 1 (10.4%)
AN Textile Mills / May 19 AN Textile Mills Limited(ANTM)	14.37 ▲ 1.31 (10.03%)
Service Textile / May 19 Service Industries Textiles Limited(SERT)	16.80 ▲ 1.53 (10.02%)
Descon Oxychem / May 19 Descon Oxychem Limited(DOL)	31.87 ▲ 2.9 (10.01%)
Kohat Textile / May 19 Kohat Textile Mills Limited(KOHTM)	33.96 ▲ 3.09 (10.01%)

Stock	Price
Equity Modaraba / May 19 First Equity Modaraba(FEM)	2.90 ▼ -0.55 (-15.94%)
Tariq Corp.Pref. / May 19 Tariq Corporation Limited-Preference Shares(TCORPCPS)	7.15 ▼ -0.96 (-11.84%)
Blue-Ex Ltd / May 19 Blue-Ex Limited (GEM)(GEMBLUEX)	62.98 ▼ -7 (-10%)
Maqbool Tex. / May 19 Maqbool Textile Mills Limited(MQTM)	32.80 ▼ -3.15 (-8.76%)
Diamond Ind. / May 19 Diamond Industries Limited(DIIL)	23.01 ▼ -1.94 (-7.78%)
S.S.Oil / May 19 S.S.Oil Mills Limited(SSOM)	768.98 ▼ -64.79 (-7.77%)
East West Ins. / May 19 East West Insurance Company Limited(EWIC)	53 ▼ -4.29 (-7.49%)
At-Tahur Ltd. / May 19 At-Tahur Limited(PREMA)	46.15 ▼ -3.68 (-7.39%)
I.C.C. Ind. / May 19 ICC Industries Limited(ICCI)	9.80 ▼ -0.68 (-6.49%)
Flying Cement / May 19 Flying Cement Company Limited(FLYNG)	47.50 ▼ -3.17 (-6.26%)

Stock	Volume
Fauji Foods Ltd / May 19 Fauji Foods Limited(FFL)	36,746,863 ▲ 0.76
Cres.Star Ins. / May 19 Crescent Star Insurance Limited(CSIL)	19,278,907 ▲ 0.2
At-Tahur Ltd. / May 19 At-Tahur Limited(PREMA)	14,122,261 ▼ -3.68
WorldCall Telecom / May 19 Worldcall Telecom Limited(WTL)	8,404,505 ▲ 0.01
Gul Ahmed / May 19 Gul Ahmed Textile Mills Limited(GATM)	7,367,445 ▲ 0.32
K-Electric Ltd. / May 19 K-Electric Limited(KEL)	6,892,276 ▲ 0
Ghani Chemworld / May 19 Ghani Chemworld Limited(GCWL)	6,833,283 ▲ 1
Agha Steel Ind. / May 19 Agha Steel Ind.Ltd(AGHA)	6,607,595 ▲ 0.72
Pak Petroleum / May 19 Pakistan Petroleum Limited(PPL)	6,527,269 ▲ 4.51
Cnergyico PK / May 19 Cnergyico PK Limited(CNERGY)	5,653,940 ▲ 0.05

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