Barrick supports UNESCO World Engineering Day 2025 campaign
Barrick, as a leader in the mining sector, has been selected as an official partner for UNESCO World Engineering Day for Sustainable Development (WED) 2025, which was launched at UNESCO Headquarters in Paris on 4 March 2025.
London, UK - Mar 7, 2025 - An International Day proclaimed by UNESCO General Conference and open to everyone, WED is jointly operated by UNESCO and the World Federation for Engineering Organisations (WFEO), which spans some 100 countries and represents more than 30 million engineers.
The launch in Paris marks the start of a year-long campaign of events, films and related articles and news, highlighting the achievements of engineers and engineering around the world, and promoting engineering as a career.
Produced by the SJH Group – the official media partner and broadcaster for WED – all campaign content, which includes a multimedia hub dedicated to Barrick, is hosted on the WED website at www.worldengineeringday.net.
As an official partner, Barrick's insights and expertise will form an integral part of the 12-month campaign, which provides a springboard for governments, UN-associated organisations, policymakers, educators and leaders in the public and private sectors to raise awareness of the importance of engineering.
The WED campaign has an estimated global reach of more than 100 million individuals, and this year's theme of 'Shaping our sustainable future through engineering' focuses on the essential role that engineering has to play in achieving the UN's 17 Sustainable Development Goals (SDGs).
'Barrick has long been championing its differentiated holistic approach to sustainability management,' says Juana Barcelo, President of Barrick Pueblo Viejo. 'We are excited to be a partner for World Engineering Day 2025 and to demonstrate our work contributing to the UN's SDGs.'
Addressing the significance of WED, Mustafa Shehu, President of the WFEO, says: 'World Engineering Day 2025 is all about putting engineering in the global spotlight, showing how engineers are leading the way in the effort to meet the UN's Sustainable Development Goal targets, and inspiring the next generation to find out more about what a career in engineering has to offer.'
Jacques de Mereuil, Executive Director of the WFEO, says: 'We're thrilled to be involved in launching this important international celebration and campaign at UNESCO's global headquarters in Paris, and delighted to have Barrick involved, as an authority in mining.'
To view Barrick's WED content, go to https://worldengineeringday.net/partner-stories/barrick/.
Notes to editor:
The WED 2025 launch, campaign and related content are live on www.worldengineeringday.net.
Media Contact
Company Name: WED
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
4 days ago
- Yahoo
Peru's Nazca Lines face mining threat after protected area slashed
LIMA (Reuters) -Peru's government has significantly reduced the protected area around its famed Nazca Lines, a move critics and archaeologists fear could leave the ancient geoglyphs vulnerable to hundreds of nearby informal mining operations. Peru's Culture Ministry last week slashed the protected zone from 5,600 to 3,200 square kilometers, attributing the move to topographical and archaeological studies that more precisely demarcated areas with "real patrimonial value." The Nazca Lines, located about 400 km (250 miles) south of Lima, are over 800 giant desert etchings of animals, plants and geometric figures created more than 1,500 years ago. UNESCO declared them a World Heritage site in According to data from the Energy and Mines ministry, 362 small-scale gold miners operate in the Nazca district as part of a program to regularize their status. Authorities have previously conducted operations against illegal mining in the area. "The main threats to the Nazca Lines are informal mining operations in the surroundings and even within the protected area," Pieter Van Dalen, head of Peru's archaeologists' association, told Reuters. He called the reduction "very regrettable," challenging the justification that the original area was too large to control. With gold prices near record highs, police and industry sources allege that the government program to regularize small-scale mining, known as REINFO, is rife with irregularities and is often exploited by illegal miners, sometimes in collusion with criminal gangs. The REINFO program is set to expire at the end of this year, with Congress and the administration scrambling to work on a replacement scheme which closes operating loopholes. Small-scale miners had previously protested ahead of an earlier deadline, arguing they would have little time to regularize their activities. The government estimates illegal mining in Peru generates more than $3 billion annually, surpassing drug trafficking revenue. Energy and Mines Minister Jorge Montero acknowledged on Tuesday that small-scale miners operate in Nazca. He said the government is "evaluating how this (reduction) impacts the status of small-scale and artisanal mining working in the zone that was formerly part of Nazca's (protected area) and now is not." Peru's gold exports amounted to $15.5 billion in 2024, up from $11 billion the prior year. Around 40% of Peru's gold exports are estimated to come from illegal sources, according to industry data and Peru's financial regulator.
Yahoo
4 days ago
- Yahoo
Radisson Collection opens new hotel in Lyon, France
The Radisson Hotel Group has debuted its luxury-lifestyle Radisson Collection brand in France with Cour des Loges in Lyon. Situated in the UNESCO-listed Vieux Lyon district, the hotel's origin dates back to the 14th century. The renovation of Cour des Loges, led by heritage architecture company Cécile Rémond, Architecte du Patrimoine, has preserved historical structures and integrated rediscovered objects, encompassing a 17m-high glass roof in the central courtyard. The hotel, which became part of Radisson Hotel Group in 2022, now offers 61 individually designed rooms and suites. Radisson Hotel Group Northern & Western Europe managing director Tom Flanagan said: 'France has long been a strategic market for Radisson Hotel Group, and we are proud to introduce our Radisson Collection brand with such an extraordinary landmark. 'The opening of Cour des Loges Lyon, A Radisson Collection Hotel, is a fitting debut – bringing the brand's promise of exceptional, culturally rich hospitality to life. More than just a hotel, it is a destination where heritage, craftsmanship and curated experiences come together to define the essence of luxury-lifestyle travel.' Catering to various guest needs, Collection Superior rooms cater to short stays, while Junior Suites are made for extended visits. Collection Premium rooms at the property offer more space. Cour des Loges features an array of dining experiences including Les Loges, a fine dining restaurant, and Le Comptoir, a contemporary bistro. The spa at the hotel, Pure Altitude, is set to launch soon, featuring an indoor pool, hammam and sauna. For events, the hotel provides several unique settings, including the Jeu de Paume Salon, Petit Collège and Agapes, alongside five adaptable meeting rooms, the Great Court and two private courtyards. La Petite Loge, set to reopen its doors soon, will also offer a renovated space for private dinners. Cour des Loges Lyon general manager Yves Grardel said: 'Every corner whispers stories of craftsmanship, culture and cuisine – woven together through meaningful moments and heartfelt hospitality in the heart of Vieux-Lyon. 'Lyon's remarkable heritage, vibrant spirit and unrivalled art de vivre make it a destination like no other, and Cour des Loges Lyon, A Radisson Collection Hotel, is its soul – more than a hotel, it is a home steeped in history, where timeless elegance and modern comfort embrace.' Earlier this year, the Radisson Hotel Group expanded its presence in France with a new Radisson Blu property in Montpellier, designed to accommodate the needs of both business and leisure travellers. "Radisson Collection opens new hotel in Lyon, France" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
4 days ago
- Yahoo
Barrick Mining Eclipses 50-Day SMA: What Should Investors Do Now?
Barrick Mining Corporation's B stock broke out above its 50-day simple moving average (SMA) last Friday, flashing a bullish signal. The B stock has gained roughly 6% in a week. This comes on an uptick in gold prices due to heightened trade and geopolitical tensions, triggering safe-haven demand. The Trump administration's plan to double steel and aluminum tariffs to 50% has amped up trade tensions. Further, escalating Russia-Ukraine tensions have led to heightened geopolitical risks. The B stock is also currently trading above its 200-day SMA, suggesting a long-term uptrend. The 50-day SMA is reading higher than the 200-day SMA since the golden crossover on April 9, 2025, indicating a bullish trend. Image Source: Zacks Investment Research Barrick's shares have gained 20.3% over the past year, underperforming the Zacks Mining – Gold industry's 52.6% increase while outperforming the S&P 500's rise of 10.8%. Among its gold mining peers, Newmont Corporation NEM, Kinross Gold Corporation KGC and Agnico Eagle Mines Limited AEM have racked up gains of 34.6%, 97% and 85.3%, respectively, over the same period. Newmont's gains are partly aided by the strong production performance of its managed Tier 1 portfolio. Kinross Gold's impressive performance has been driven by its strong operational execution, advancement of growth strategy and consistent strong performance of Tasiast and Paracatu, its two biggest assets. Agnico Eagle's shares have performed remarkably on the bourses, thanks to its forecast-topping earnings performance, higher realized prices and strong production. Image Source: Zacks Investment Research Let's take a look at Barrick's fundamentals to better analyze how to play the stock. Barrick is well-placed to benefit from the progress in key growth projects that should significantly contribute to its production. Its major gold and copper growth projects, including Goldrush, the Pueblo Viejo plant expansion and mine life extension, Fourmile, Lumwana Super Pit and Reko Diq, are being executed. These projects are advancing on schedule and within budget, laying the groundwork for the next generation of profitable production. The Goldrush mine is ramping up to the targeted 400,000 ounces of production per annum by 2028. Bordering Goldrush is the 100% Barrick-owned Fourmile, which is yielding grades double those of Goldrush and is anticipated to become another Tier One mine. The project has progressed to a prefeasibility study on the back of a successful drilling program. The Reko Diq copper-gold project in Pakistan is designed to produce 460,000 tons of copper and 520,000 ounces of gold annually in its second development phase. The first production is expected by the end of October 2024, Barrick announced the commencement of the development of a Super Pit at its Lumwana copper mine in Zambia. The Super Pit Expansion entails doubling the present process circuit's throughput and substantially boosting mining volumes. Upon completion, the $2 billion project has the potential to transform Lumwana into a long-term, high-yielding, top-25 copper producer and Tier One copper mine. The expansion is expected to deliver 240,000 tons of copper production annually over the life of the mine. Gold prices have rallied roughly 28% this year, courtesy of the aggressive trade policies, including sweeping new import tariffs announced by President Donald Trump, intensified global trade tensions and heightened investor anxiety. Also, central banks worldwide have been accumulating gold reserves, led by risks arising from Trump's policies. Prices of the yellow metal catapulted to a record high of $3,500 per ounce on April 22 amid President Trump's criticism of Federal Reserve Chair Jerome Powell and call for an immediate reduction in interest rates. Increased purchases by central banks, hopes of interest rate cuts, and geopolitical tensions are expected to support gold prices. Despite the pullback from the April high due to the U.S.-China trade negotiations, gold prices remain above the $3,300 per ounce level. Higher gold prices should translate into strong profit margins and free cash flow generation for Barrick. Barrick has a solid liquidity position and generates healthy cash flows, positioning it well to take advantage of attractive development, exploration and acquisition opportunities, drive shareholder value and reduce debt. At the end of first-quarter 2025, Barrick's cash and cash equivalents were around $4.1 billion. It generated strong operating cash flows of roughly $1.2 billion in the quarter, up 59% year over year. Free cash flow surged to around $375 million in the first quarter from $32 million in the prior-year quarter. Barrick returned $1.2 billion to its shareholders in 2024 through dividends and repurchases. Barrick's board, in February 2025, authorized a new program for the repurchase of up to $1 billion of its outstanding common shares. It repurchased shares worth $143 million under this program during the first quarter. Barrick offers a healthy dividend yield of 2% at the current stock price. Its payout ratio is 28% (a ratio below 60% is a good indicator that the dividend will be sustainable), with a five-year annualized dividend growth rate of roughly 5.1%. Barrick is challenged by higher costs, which may eat into its margins. Its cash costs per ounce of gold and all-in-sustaining costs (AISC) — the most important cost metric of miners — increased around 16% and 20% year over year, respectively, in the first quarter. AISC increased due to higher total cash costs per ounce and higher minesite sustaining capital expenditures. For 2025, the company projects total cash costs per ounce of $1,050-$1,130 and AISC in the range of $1,460-$1,560 per ounce. These projections suggest a year-over-year increase at the midpoint of the respective ranges. Increased mine-site sustaining capital spending and higher labor costs may lead to higher costs. The company provided a tepid forecast for 2025, with attributable gold production expected in the range of 3.15-3.5 million ounces, excluding production from Loulo-Gounkoto, which is temporarily suspended. While a potential restart of the mine would provide an upside, this projection suggests a year-over-year decline from 3.91 million ounces in 2024. Higher production from Pueblo Viejo, Turquoise Ridge, Porgera and Kibali, along with stable performance across Carlin and Cortez, is projected to be offset by reduced production across Veladero and Phoenix. Lower production is expected to weigh on the company's performance in 2025. Barrick's total gold production fell roughly 19% year over year to 758,000 ounces in the first quarter. Earnings estimates for Barrick have been revised upward over the past 60 days. The Zacks Consensus Estimate for 2025 and 2026 has been revised higher over the same time frame. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Image Source: Zacks Investment Research B stock is currently trading at a forward price/earnings of 10.67X, a roughly 23.6% discount to the industry's average of 13.97X. It also has a Value Score of A. Barrick is also trading at a discount to Newmont, Agnico Eagle and Kinross Gold. Image Source: Zacks Investment Research Barrick's actions to boost production, robust financial health, rising earnings estimates, attractive valuation and a safe dividend yield paint a promising picture. Higher gold prices should also boost its profitability and drive cash flow generation. The stock trading above its 50-day SMA also suggests bullish momentum. However, its high costs and downbeat production outlook warrant caution. Therefore, retaining this Zacks Rank #3 (Hold) stock will be prudent for investors who already own it. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Newmont Corporation (NEM) : Free Stock Analysis Report Kinross Gold Corporation (KGC) : Free Stock Analysis Report Agnico Eagle Mines Limited (AEM) : Free Stock Analysis Report Barrick Mining Corporation (B) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
