The Financial Post reports in its Friday edition that Barrick needs to "think big" when it comes to acquisitions. The Post's Jonathan Ratner quotes a new report from JP Morgan suggesting now is the time to refill its project pipeline to avoid steep production declines in the coming years. "Barrick is the world's largest gold miner and -- like a supertanker -- has to move early to avoid bad outcomes," the bank's John Bridges told clients on Thursday. While Barrick's improving share price could allow it to buy some smaller miners, it also needs to look for large mines, albeit ones that do not add too much balance-sheet stress. "Now is probably the time to think about reserve replacement," Mr. Bridges said, noting that roughly a third of Barrick's reserves are at projects with no mine building plans. Even when including the company's four new projects under study, the analyst projects that gold production will fall into the next decade. He made a list of miners that appear to offer earnings accretion based on several metrics. It demonstrates that assets in the southern hemisphere are generally more attractive. However, Barrick's failed bid to buy Newmont in 2014 suggests it wanted to focus on mines in the Americas.