Persian Gulf crisis claims a corporate victim as gold stock resets plans
Airfind news item
By Charley Blaine
Published on April 3, 2026.
Barrick Mining Corporation, formerly Barrick Gold, has been developing a $7-billion copper-and-gold mine in southwest Pakistan. The mine site is located in Balochistan province, Pakistan's least populous but largest, and Barrick owns 50% of the project. The remaining 50% is divided among state-owned companies and the provincial government. However, the site is near to Afghanistan and Iran, neither of which is friendly with the United States or Canada, and is also just 400 miles to the Persian Gulf. This has led Barrick to start a review of the entire project and extend it until July 2027. The project was championed by former CEO Mark Bristow, who left Barrick in 2025.
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