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The plan, in Barrick's first annual report since its merger with Randgold Resources, estimated production of about 5 million ounces of gold annually over the coming decade.
It had produced 5.5Moz in 2019 and expects to produce 4.8-5.2Moz this year.
Barrick noted guidance might be impacted if operations were disrupted due to efforts to slow the spread of the COVID-19 pandemic.
The 10-year plan indicated the bulk of production would come from its North American operations.
Barrick president and CEO Mark Bristow said Nevada Gold Mines - its recent joint venture with Newmont (NYSE: NEM) - was the "value foundation" of its business.
"Already the world's largest gold mining complex, it holds enormous potential for growth," he said.
Bristow said the company was focusing on its tier one assets and said there had been a strong performance across the group, with a standout performance at Cortez, Veladero was doing well "after struggling for years" and there had been another record-breaking effort from Kibali.
"Porgera in Papua New Guinea has tier one potential but faces many challenges in the form of legacy issues and an unruly neighbourhood," Bristow said, adding the mine had exceeded guidance and the company continued to negotiate a 20-year lease extension with the government.
He said the work done in 2019 had equipped them well to take Barrick to the next level.
"All in all, I am confident that we are more than capable of delivering on our promise: to build the world's most valued gold company," he said.
He said it was interesting to note some analysts measured value "by its narrowest metric: that of market capitalisation".
He said Barrick's definition of value was more wide-ranging and included factors such as economic benefits, the care with which it treated its people, communities and environments, its strategic focus on long-term sustainability and returns for investors.
Barrick's shares have ranged from C$15.73-$29.94 over the past year and last closed at $27.30, to capitalise it at $48.5 billion (US$34 billion).
By comparison, Newmont last traded at US$47.54, valuing it at $38.4 billion.
