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Barrick’s Africa gold output slumps 43% despite record prices

Underground gold mine. Photo by April Vasquez @ Unsplash
Underground gold mine. Photo by April Vasquez @ Unsplash

Eric Kasongo

Eric Kasongo is a journalist and strategic researcher focused on the political economy of South Africa and DRC, with specialized expertise in mining, energy, and financial markets
  • Africa gold output drops 43% in 2025
  • Revenue resilient despite rising costs

 

Barrick Mining Corporation’s African operations saw gold production plunge 43% in 2025, underscoring mounting cost pressures and operational risks despite record global prices.

The company’s Africa and Middle East division recorded output of 840,000 ounces in 2025, down from 1.47 million ounces in 2024. Fourth-quarter production fell to 204,000 ounces from 409,000 ounces a year earlier.

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