Barrick Gold Proposes Name Change, Targets 30% Production Growth By 2030

Barrick Gold Corporation (NYSE:GOLD), the world's second-largest gold producer, might change its name. Management proposed rebranding as Barrick Mining Corporation to reflect its broader mining focus.

They also laid out an ambitious plan to grow their gold equivalent production by 30% by the end of this decade.

"We are proposing to change our name from Barrick Gold Corporation to Barrick Mining Corporation to reflect the company's changing production profile," the company said in a press release.

CEO Mark Bristow has long supported diversifying the company's portfolio with copper, and his desire has started to materialize just as the orange metal became one of the principal commodities for the green technology push.

Notable projects include the Reko Diq copper-gold project in Pakistan ...