Barrick Gold Corporation is a mining firm that owns, explores and develops gold properties across the globe.
Canadian businessman Peter Munk founded the mining company in 1983. Its headquarters are located in Toronto.
The company’s present portfolio of gold assets includes:
• North Mara
The company deals with production and marketing of gold and copper and various related activities like development and exploration of mines and reserves. It has a strong foothold in across the Americas, Australia and Africa.
The stocks are traded on the TSX and NYSE under ‘ABX’ and ‘GOLD’ ticker symbols.
The firm’s another principal asset is located in Democratic Republic of Congo. AngloGold Ashanti and Barrick holds 45 per cent stake each in Kibali Gold mine under joint venture agreement. While the remaining stake is held by SOKIMO.
The Canadian mining firm was reportedly among several firms included in the Global 2000 rankings released by Forbes in 2021. In 2020, it was reportedly among Canada’s Best Employers list.
Newmont and the company has a joint venture partnership in the Nevada gold mines. It aims to develop the property as the world’s largest gold complex. The gold mine consists of three assets, namely Cortez, Turquoise Ridge and Carlin.
It claims to prioritize health and safety of its contractors, visitors and employees on site. In addition, the senior gold producer aims to eliminate life altering injuries and fatalities from its mining operations and reduce health hazards and potential injuries.
As part of its sustainability approach, the Canadian miner claims to achieve net zero emissions by 2050, including achieving complete recycling and reusing of water.
The company says that the mining activities are often associated with various kinds of waste like tailings, non-processing waste, and waste rocks during extraction, processing and refining. In addition, it claims to engage in responsible handling of such waste.
The Canadian senior gold producer operates through partnerships and joint ventures, including subsidiaries of the company includes Porgera Joint Venture, Acacia Mining, Pinson Mining Company, PDG Aurora LLC, Dollin Creek LLC, Grants Patch Mining Ltd, etc.