Barrick Gold
Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries. It is headquartered in Toronto, Ontario, Canada. It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia. In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $1,335/ounce and 420 million pounds of copper at all-in sustaining costs of $3.21/pound. As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves.
Barrick Hemlo mine in Ontario, Canada | |
| Company type | Public |
|---|---|
Traded as | |
| Industry | Metals and mining |
| Founded | 1983 |
| Founder | Peter Munk |
| Headquarters | Toronto, Ontario , Canada |
Key people |
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| Products | Gold, copper |
| Revenue | US$11.397 billion (Fiscal Year Ended December 31, 2023) |
| US$3.732 billion (Fiscal Year Ended December 31, 2023) | |
Net income | US$1.272 billion (Fiscal Year Ended December 31, 2023) |
| Total assets | US$45.811 billion (Fiscal Year Ended December 31, 2023) |
| Total equity | US$32.002 billion (Fiscal Year Ended December 31, 2023) |
Number of employees | 18,421 |
| Website | www |
Barrick has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021.
Barrick had been the world's largest gold mining company until Newmont acquired Goldcorp in 2019. Barrick expects to produce between 3.9 and 4.3 million ounces of gold and between 180 and 210 million tonnes of copper in 2024.
Chief executive Mark Bristow said in 2020 that Barrick has debated moving its primary stock listing to the New York Stock Exchange from the Toronto Stock Exchange, broadening its exposure to potential investors.