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 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. As of December 31, 2019, the company had 71 million ounces of proven and probable gold reserves.
Barrick had been the world’s largest gold mining company until Newmont Corporation acquired Goldcorp in 2019. Barrick expects to produce between 4.6 to five million ounces of gold and between 440 to 500 million pounds of copper in 2020.
Chief executive Mark Bristow has said Barrick has debated moving its primary stock listing to the New York Stock Exchange from the Toronto Stock Exchange, allowing it to be traded on the S&P 500 Index and broadening its exposure to potential investors.
Traded as: TSX: ABX; NYSE: GOLD; S&P/TSX 60 component
Industry: Metals and mining
Founded: 1983; 37 years ago
Founder: Peter Munk
Headquarters: Toronto, Ontario, Canada
Products: Gold; Silver; Copper
Website: www.barrick.com