Barrick Mining Corporation

Barrick Mining Corporation is a mining company that produces gold and copper. It has mining operations and projects in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Ecuador, Egypt, Mali, Pakistan, Papua New Guinea, Peru, Saudi Arabia, Senegal, Tanzania, the United States and Zambia. In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound.  the company had proven and probable reserves of 89 million ounces of gold and 18 million tonnes of copper.

Barrick had been the world's largest gold mining company until Newmont Corporation acquired Goldcorp in 2019. Barrick expects to produce between 4.6 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020.

 Carbon footprint 
Barrick Gold reported total CO2e emissions (Direct + Indirect) for 31 December 2020 at 7,351 Kt. Alt URL  It has set a greenhouse gas emissions reduction target of 30% and will be net-zero carbon emissions by 2050. At its operations in the United States, Barrick is transitioning away from coal to natural gas and solar power, in an effort to reduce emissions. 

 Operations 

 Gold 
PropertyCountryOwnershipMine Type2025 Gold Production (ounces)2024 Gold Production (ounces)2024 Gold Reserves (ounces) Veladero  50% Open Pit 190,000 – 220,000 252,000 1.6 million Hemlo  100% Open Pit, Underground 140,000 – 160,000 143,000 1.6 million Tongon  89.7% Open Pit 110,000 – 140,000 148,000 620,000 Pueblo Viejo  60% Open Pit 370,000 – 410,000 352,000 12 million Loulo-Gounkoto  80% Open Pit, Underground   578,000 7.3 million Kibali  45% Open Pit, Underground 310,000 – 340,000 309,000 4.6 million Porgera  47.5% Open Pit, Underground 70,000 - 95,000 46,000 1.5 million North Mara  100% Open Pit, Underground 230,000 – 260,000 265,000 2.9 million Bulyanhulu  100% Underground 150,000 – 180,000 168,000 3.8 million Nevada Gold Mines  61.5% Open Pit, Underground 1.54 – 1.7 million 1.65 million 26.6 million

 Copper 
PropertyCountryOwnershipMine Type2025 Copper Production (tonnes)2024 Copper Production (tonnes)2024 Copper Reserves (tonnes) Zaldívar  50% Open Pit 40,000 – 45,000 40,000 0.75 million Jabal Sayid  50% Underground 25,000 – 35,000 32,000 0.28 million Lumwana  100% Open Pit 125,000 – 155,000 123,000 8.3 million

 Mining practices 
Environmental and human rights violations have taken place around a number of mining operations. They are now closed or were previously operated by a different company, including violence in Papua New Guinea and Tanzania. Forty people were arrested in Chile following a demonstration against the potential environmental impacts of a mining project. Executives of Acacia Mining had faced charges of bribery, conspiracy, forgery, money-laundering, tax-evasion and environmental damage. There has also been small groups of opposition in the Dominican Republic.

 References 

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Category:1983 establishments in Ontario
Category:Companies listed on the Toronto Stock Exchange
Category:Mining companies