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.^[2] In 2024, it produced 3.91 million ounces of gold at all-in sustaining costs of $1,484/ounce^[3] and 195,000 tonnes of copper at all-in sustaining costs of $3.45/pound.^[3] As of 31 December 2024,^[update] the company had proven and probable reserves of 89 million ounces of gold and 18 million tonnes of copper.^[3]

Barrick Mining Corporation

Barrick Hemlo mine in Ontario, Canada
Company type	Public
Traded as	TSX: ABX S&P/TSX 60 component
Industry	Metals and mining
Founded	1983; 42 years ago (1983)
Founder	Peter Munk
Headquarters	Canada
Products	Gold, silver, copper
Revenue	US$11.985 billion (Fiscal Year Ended December 31, 2021)[1]
Website	www.barrick.com

Barrick had been the world's largest gold mining company until Newmont Corporation acquired Goldcorp in 2019.^[4] Barrick expects to produce between 4.6 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020.^[5]

Carbon footprint

Barrick Gold reported total CO2e emissions (Direct + Indirect) for 31 December 2020 at 7,351 Kt.^[6] It has set a greenhouse gas emissions reduction target of 30% and will be net-zero carbon emissions by 2050.^[7] 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.^[8]

Operations

Gold

Property	Country	Ownership	Mine Type	2025 Gold Production (ounces)[3]	2024 Gold Production (ounces)[3]	2024 Gold Reserves (ounces)[3]
Veladero	Argentina	50%	Open Pit	190,000 – 220,000	252,000	1.6 million
Hemlo	Canada	100%	Open Pit, Underground	140,000 – 160,000	143,000	1.6 million
Tongon	Ivory Coast	89.7%	Open Pit	110,000 – 140,000	148,000	620,000
Pueblo Viejo	Dominican Republic	60%	Open Pit	370,000 – 410,000	352,000	12 million
Loulo-Gounkoto	Mali	80%	Open Pit, Underground		578,000	7.3 million
Kibali	Democratic Republic of the Congo	45%	Open Pit, Underground	310,000 – 340,000	309,000	4.6 million
Porgera	Papua New Guinea	47.5%	Open Pit, Underground	70,000 - 95,000	46,000	1.5 million
North Mara	Tanzania	100%	Open Pit, Underground	230,000 – 260,000	265,000	2.9 million
Bulyanhulu	Tanzania	100%	Underground	150,000 – 180,000	168,000	3.8 million
Nevada Gold Mines	United States	61.5%	Open Pit, Underground	1.54 – 1.7 million	1.65 million	26.6 million

Copper

Property	Country	Ownership	Mine Type	2025 Copper Production (tonnes)[3]	2024 Copper Production (tonnes)[3]	2024 Copper Reserves (tonnes)[3]
Zaldívar	Chile	50%	Open Pit	40,000 – 45,000	40,000	0.75 million
Jabal Sayid	Saudi Arabia	50%	Underground	25,000 – 35,000	32,000	0.28 million
Lumwana	Zambia	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.^[9][10][11] 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.^{[12][13][14][15]} There has also been small groups of opposition in the Dominican Republic.^[16]