09:16 AM EDT, 07/07/2025 (MT Newswires) -- Barrick Gold ( B ) said Monday that its Twiga partnership with Tanzania's government created a sustainable model for mineral development in the country.

Barrick made the statement five years after the formation of its Twiga partnership with the government.

Barrick's assets in Tanzania include the Bulyanhulu mine, where development of the Upper West decline is well advanced, and the North Mara mine, where a newly commissioned battery energy storage system is addressing power reliability.

The miner said its Tanzanian mines continue to deliver in line with guidance.

Barrick's share price fell 1.6% at last look to US$21.13 in NYSE pre-market trading.