Barrick Mining (ABX) AGM 2025 summary

Opening remarks and agenda

• Meeting opened by the Chairman, with introductions of directors and board nominees, and acknowledgment of retiring board members.

• Virtual meeting format enabled global shareholder participation and real-time voting.

Financial performance review

• Net earnings increased by 69%, marking the highest in a decade.

• Gold and copper production guidance met; gold reserves replaced at higher grade, copper reserves up 224%.

• $500 million in share buybacks completed in 2024 due to perceived undervaluation.

Board and executive committee updates

• Two new board nominees introduced, both with global operational and financial expertise.

• Retiring directors recognized for their contributions post-merger.

• New chairs appointed for each standing committee.