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Barrick Gold information


Barrick Gold
Company typePublic
Traded as
  • NYSE: GOLD
  • TSX: ABX
  • S&P/TSX 60 component
IndustryMetals and mining
Founded1983; 41 years ago (1983)
FounderPeter Munk
Headquarters
Toronto, Ontario
,
Canada
Key people
  • John L. Thornton
  • (Chairman)
  • Mark Bristow
  • (President and Chief Executive Officer)
ProductsGold, copper
RevenueUS$11.397 billion (Fiscal Year Ended December 31, 2023)[1]
Operating income
US$3.732 billion (Fiscal Year Ended December 31, 2023)[1]
Net income
US$1.272 billion (Fiscal Year Ended December 31, 2023)[1]
Total assetsUS$45.811 billion (Fiscal Year Ended December 31, 2023)[1]
Total equityUS$32.002 billion (Fiscal Year Ended December 31, 2023)[1]
Number of employees
18,421[2]
Websitewww.barrick.com/English/home/default.aspx Edit this at Wikidata

Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries.[3] It is headquartered in Toronto, Ontario, Canada.[4] 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.[5] In 2023, it produced 4.05 million ounces of gold at all-in sustaining costs of $1,335/ounce[1] and 420 million pounds of copper at all-in sustaining costs of $3.21/pound.[1] As of 31 December 2023, the company had 77 million ounces of proven and probable gold reserves.[1]

Barrick has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021.[6]

Barrick had been the world's largest gold mining company until Newmont acquired Goldcorp in 2019.[7] 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.[1]

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.[8]

  1. ^ a b c d e f g h i "Management's Discussion and Analysis ("MD&A") Fourth Quarter and Full Year 2023" (PDF). Barrick Gold Corporation. February 14, 2024. Retrieved February 16, 2024.
  2. ^ "Forbes.com". Forbes. Archived from the original on October 24, 2020. Retrieved September 20, 2020.
  3. ^ "2019 Annual Report" (PDF). Barrick Gold Corporation. Archived from the original (PDF) on October 8, 2021. Retrieved July 24, 2020. [1] Archived December 8, 2022, at the Wayback Machine
  4. ^ "Barrick Gold Corporation – Operations". Archived from the original on December 20, 2016. Retrieved December 19, 2016.
  5. ^ "Barrick Gold Corporation – Company". Archived from the original on June 1, 2016. Retrieved December 19, 2016.
  6. ^ Creamer, Martin (November 4, 2021). "Barrick Installing Solar Power in Nevada, Eliminating Coal-Fired Power". Mining Weekly. Archived from the original on November 10, 2021. Retrieved February 14, 2022.
  7. ^ McNish, Jacquie; MacDonald, Alistair (January 14, 2019). "Newmont to Buy Goldcorp, Creating World's Largest Gold Miner". Wall Street Journal. Archived from the original on July 21, 2020. Retrieved July 24, 2020.
  8. ^ MacDonald, Alistair (August 5, 2020). "Canada's Barrick Gold Considers Switching Primary Stock Listing to NYSE". The Wall Street Journal. Archived from the original on August 5, 2020. Retrieved August 5, 2020.

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