Mining giant Barrick Gold has announced a 12-month extension to its ongoing review of the Reko Diq project, effective from July. This decision follows an initial evaluation launched in February 2026, which examined capital deployment and operational feasibility.
In a significant development, the company emphasized that this extension represents a strategic recalibration rather than a full suspension. However, the move indicates a slowdown in progress on what is regarded as one of the world’s largest untapped mineral reserves.
The extended review period is intended to facilitate a more comprehensive assessment of the increasing risks linked to the project located in Balochistan. By decelerating activities, Barrick aims to optimize its approach to managing the project amid heightened regional instability.
Notably, the company attributed this cautious stance to the recent surge in security threats across Pakistan and the wider Middle East. These evolving challenges have compelled Barrick to undertake a more prudent evaluation of the sustainability of long-term investments and operational safety at the site.
Despite the slower pace, Barrick affirmed that the project site will continue to be actively managed to preserve its future potential.
This adjustment is expected to affect previously announced budgets and completion schedules. A company spokesperson indicated that earlier financial forecasts may become outdated as the extended review progresses, with updated timelines to be communicated once a more stable outlook is established.
Situated in the volatile Balochistan province, Reko Diq remains a pivotal element of Pakistan’s strategy to attract foreign direct investment. While the delay represents a setback for immediate economic ambitions, Barrick reiterated its confidence in the deposit’s long-term value, describing the current pause as a necessary measure to navigate the complex geopolitical environment.
