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Barrick Africa & Middle East COO Sebastiaan Bock speaks at Barrick's Investor Day on November 22, 2024, at the New York Stock Exchange.
Bock says that, with seven operating mines and a balanced portfolio of copper and gold, the AME region holds some of Barrick's most significant assets. Among our Tier One Gold operations, Kubali stands out as Africa's largest and most automated gold mine while Loulo-Gounkoto, the second largest, is a significant contributor to Barrick's bottom line. Following the acquisition of the minority interest in Acacia, we further strengthened our position by assuming operatorship and integrating the production of North Mara and Bulyanhulu into the portfolio. Together, these operations now have a combined ten-year production profile, which is a Tier One equivalent at above 500,000 ounces per annum. Additionally, of course, we're advancing Lumwana, which is currently Barrick's largest copper producer towards Tier One status. Our operational focus is clear. We drive optimal ore-body extraction and efficiencies which delivers better margins and ultimately delivers long-term value to all our stakeholders.