The Reko Diq copper and gold project in Pakistan is expected to generate an estimated $74 billion in free cash flow over a 37-year period, according to Barrick Gold CEO Mark Bristow. Barrick Gold holds a 50% stake in the project, with the remaining shares owned by the Pakistani government and the Balochistan provincial government. Production is slated to begin by 2028, with the first phase targeting an annual output of 200,000 tons of copper. Future expansions are planned to increase production capacity and extend the mine’s operational lifespan.
The project is anticipated to provide a significant boost to Pakistan’s economy through dividends, royalties, and tax revenues. In addition, infrastructure enhancements at Port Qasim associated with the project will improve domestic transportation networks and support export activities, strengthening Pakistan’s position in the global mining and commodities market. The Reko Diq initiative represents a major step toward long-term economic growth, resource development, and industrial expansion in the country.
