Story perspectives

Barrick Mining Delays Reko Diq Project Amid Cost Concerns

4/7/2026

Summary

Story summary

Barrick Mining has announced potential cost increases and delays for the Reko Diq project in Pakistan, slowing development and reviewing plans until mid-2027 due to preliminary findings and rising security concerns.
Barrick estimated first-phase costs at $5.6–$6.0 billion and second-phase costs at $3.3–$3.6 billion.
First production was expected by the end of 2028.
Barrick remains optimistic about the project's long-term value as one of the world's largest undeveloped copper-and-gold projects.

1 of 1

Story summary

Barrick Mining has announced potential cost increases and delays for the Reko Diq project in Pakistan, slowing development and reviewing plans until mid-2027 due to preliminary findings and rising security concerns.
Barrick estimated first-phase costs at $5.6–$6.0 billion and second-phase costs at $3.3–$3.6 billion.
First production was expected by the end of 2028.
Barrick remains optimistic about the project's long-term value as one of the world's largest undeveloped copper-and-gold projects.