Barrick slows Reko Diq project amid rising security risks, extending review to mid-2027 with higher costs expected.

Barrick Mining Corporation announced it is slowing development of the Reko Diq mining project due to escalating security risks in Pakistan and the region. The company will continue a comprehensive review of the project until mid-2027 to assess security, financing, scope, and timeline. While development will slow with reduced capital spending, Barrick remains committed to the project and local community programs. The total capital cost and timeline for the project are expected to increase significantly beyond previous estimates, with first production initially targeted by the end of 2028.