Barrick Gold Corporation, headquartered in Toronto, Canada, is one of the largest gold mining companies in the world. It is listed on the Toronto Stock Exchange (ABX) and the New York Stock Exchange (GOLD). Barrick’s portfolio spans the Americas, Africa, the Middle East, and Asia, with a strong emphasis on long-life, tier-one gold and copper assets.
Vision, Mission and Values
Barrick’s vision is to be the world’s most valued gold and copper mining business by creating long-term value for shareholders, employees, and host communities. The mission centres on responsible mining, financial discipline, operational excellence, and environmental stewardship. Barrick places a strong emphasis on safety, partnership, and sustainability in all its activities.
Mining Operations
Barrick operates several of the world’s largest gold mines. Its Nevada Gold Mines joint venture with Newmont is the single largest gold-producing complex globally, comprising Carlin, Cortez, Turquoise Ridge, and other mines. In Africa, Barrick operates the Kibali mine in the Democratic Republic of Congo, one of the continent’s largest gold producers, and North Mara and Bulyanhulu in Tanzania. In Latin America, key operations include Veladero in Argentina, Pueblo Viejo in the Dominican Republic (a joint venture with Newmont), and Lumwana in Zambia, which is primarily a copper operation.
Projects and Growth Pipeline
The company is advancing expansions at Pueblo Viejo to extend mine life, brownfield projects at Nevada Gold Mines, and further development at Lumwana. Exploration activities across Africa, the Americas, and Asia are focused on reserve replacement and new discoveries.
Geographic Presence
Barrick’s operations span North America, South America, Africa, and the Middle East. Its broad global footprint provides diversification and resilience to political and market risks.
Financial Performance
For 2024, Barrick reported revenues of approximately 11.3 billion US dollars and produced more than 4 million ounces of gold alongside significant copper output. The company maintains one of the strongest balance sheets in the mining sector and has consistently returned value to shareholders through dividends and share buybacks.
Sustainability and Corporate Social Responsibility
Barrick has committed to achieving net-zero emissions by 2050. Its sustainability framework prioritises climate action, biodiversity, water management, and community development. The company works closely with governments and communities to ensure responsible operations and equitable benefit-sharing.
Partnerships and Customers
Key partnerships include its joint venture with Newmont in Nevada, as well as collaborative agreements with governments in Africa. Customers range from international refiners to industrial users of gold and copper.
Recent Developments
Recent developments include progress on the Pueblo Viejo plant expansion in the Dominican Republic, reserve additions at Nevada Gold Mines, and new exploration discoveries in Pakistan’s Reko Diq copper-gold project, which Barrick is developing in partnership with the Government of Pakistan.
Challenges and Opportunities
Challenges for Barrick include geopolitical risks in host countries, managing inflationary pressures, and maintaining production costs in a competitive environment. Opportunities lie in expanding copper production, maximising Nevada Gold Mines’ output, and advancing Reko Diq as a world-class copper-gold project.
Contact Information
Barrick Gold’s headquarters are located at Brookfield Place, TD Canada Trust Tower, 161 Bay Street, Suite 3700, Toronto, Ontario, Canada. Further information can be found at https://www.barrick.com.
