Barrick Gold delays large-scale Pakistani mining project due to regional turmoil caused by Iran conflict

LootboxPhobia · 2026-03-26T21:12:39+00:00

Barrick Gold Corporation has decided to postpone its copper-gold mining project in Pakistan due to the Middle East conflict and deteriorating security situation in Pakistan. Development activities will be slowed down for 12 months, and project expenditures will be reduced to assess potential impacts.

LootboxPhobia

2026-03-26 21:12:39

Abstract generation in progress

Barrick Gold Corporation has decided to delay its copper-gold mining project in Pakistan due to the Middle East conflict and worsening security situation in South Asia’s Pakistan.

The Toronto-based company launched a review of the Reko Diq development project last month, citing increased separatist violence in Balochistan province where the mine is located.

This week, the company informed its Pakistani equity partners and local operators that development activities will slow down, and project expenditures will be reduced for a period of 12 months starting from July.

Barrick Gold stated that this decision was made based on preliminary review results, considering the escalation of security issues in Pakistan and the Middle East. The company said further assessment of potential impacts and delivery strategies is necessary.

According to communications seen by the Financial Times, the review period and slowed development pace will affect the previously announced budget and timeline.

Barrick Gold declined to comment on this matter.

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