06:31 AM EST, 02/12/2025 (MT Newswires) -- Barrick Gold (GOLD) said Wednesday it had authorized a new share repurchase program to buy back up to $1 billion of its outstanding common shares over the next 12 months at market prices.

The company said it also terminated the previous share repurchase program, announced on Feb. 14, 2024, having repurchased $498 million in shares under that plan.

Repurchases will be made through various methods, including open market purchases, the company said.