|Industry||Metals and mining|
|Products||Gold, silver, copper|
|Revenue||US$11.985 billion (Fiscal Year Ended December 31, 2021)|
Barrick Gold Corporation is a Canadian mining company. They produces gold and copper with 16 operating sites in 13 countries. It is located 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. As of 31 December 2019[update] 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 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020.
Carbon footprint[change | change source]
Barrick Gold reported total CO2e emissions (Direct + Indirect) for 31 December 2020 at 7,351 Kt. 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[change | change source]
Gold[change | change source]
|Property||Country||Ownership||Mine Type||2021 Gold Production (ounces)||2020 Gold Production (ounces)||2020 Gold Reserves (ounces)|
|Veladero||Argentina||50%||Open Pit||130,000 – 150,000||226,000||2.6 million|
|Hemlo||Canada||100%||Open Pit, Underground||200,000 – 220,000||223,000||1.5 million|
|Tongon||Ivory Coast||89.7%||Open Pit||180,000 – 200,000||255,000||570,000|
|Pueblo Viejo||Dominican Republic||60%||Open Pit||470,000 – 510,000||542,000||6.2 million|
|Loulo-Gounkoto||Mali||80%||Open Pit, Underground||510,000 – 560,000||544,000||6.7 million|
|Kibali||Democratic Republic of Congo||45%||Open Pit, Underground||350,000 – 380,000||364,000||4.2 million|
|Porgera||Papua New Guinea||47.5%||Open Pit, Underground||n/a||n/a||2.4 million|
|North Mara||Tanzania||100%||Open Pit, Underground||240,000 – 270,000||261,000||2.0 million|
|Bulyanhulu||Tanzania||100%||Underground||170,000 – 200,000||44,000||2.0 million|
|Buzwagi||Tanzania||100%||Open Pit||30,000 – 40,000||84,000||42,000|
|Nevada Gold Mines||United States||61.5%||Open Pit, Underground||2.1 – 2.25 million||2.1 million||27.5 million|
Copper[change | change source]
|Property||Country||Ownership||Mine Type||2021 Copper Production (pounds)||2020 Copper Production (pounds)||2020 Copper Reserves (pounds)|
|Zaldívar||Chile||50%||Open Pit||90 – 110 million||106 million||2.3 billion|
|Jabal Sayid||Saudi Arabia||50%||Underground||70 – 80 million||75 million||620 million|
|Lumwana||Zambia||100%||Open Pit||250 – 280 million||276 million||6.3 billion|
Mining practices[change | change source]
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[change | change source]
- "Barrick Q4 2021 Results Release". EDGAR System. U.S. Securities and Exchange Commission. February 16, 2022.
- "2019 Annual Report" (PDF). Barrick Gold Corporation. Archived from the original (PDF) on 2021-10-08. Retrieved 2022-08-30.
- "Barrick Gold Corporation – Operations". Retrieved December 19, 2016.
- "Barrick Gold Corporation – Company". Archived from the original on June 1, 2016. Retrieved December 19, 2016.
- "Barrick beats forecasts, hikes dividend by 40% as gold prices soar". Mining.com. February 12, 2020.
- "Barrick Gold 4Q Earnings Top Estimates; Dividend Hiked". Kitco News. February 12, 2020.
- McNish, Jacquie; MacDonald, Alistair (January 14, 2019). "Newmont to Buy Goldcorp, Creating World's Largest Gold Miner". The Wall Street Journal.
- Jamasmie, Cecilia (May 6, 2020). "Barrick Cuts 2020 Guidance, Faces $191M Bill in PNG". Mining.com. Retrieved February 14, 2022.
- "Barrick Gold's Sustainability Report for 2020Q4" (PDF). Archived from the original (PDF) on June 10, 2021. Alt URL
- "Barrick Gold raises greenhouse gas emission reduction target to 30%". Reuters. April 8, 2021.
- McGee, Niall (October 5, 2021). "World's top mining companies, including Canada's Barrick Gold and Teck, pledge net-zero emissions by 2050". The Globe & Mail.
- "A Year of Delivery and Development as Barrick Meets Targets, Advances Growth Projects". GlobeNewswire. February 18, 2021.
- Gray-Donald, David (9 May 2016). "Barrick Gold rules – horror stories from the frontline". NOW Toronto.
- "Acacia Mining Pressed Over Deaths in Tanzania". The Financial Times. July 23, 2017.
- "Police set hundreds of homes ablaze near Porgera gold mine". Amnesty International. 10 June 2014.
- Ensign, Rachel Louise and Christopher M. Matthews (18 June 2014). "Barrick Gold Unit is Accused of Bribery in Africa". The Wall Street Journal.
- York, Geoffrey (19 October 2018). "Barrick subsidiary seeks new strategy after latest criminal charges in Tanzania". The Globe and Mail.
- MacDonald, Alistair; Bariyo, Nicholas (August 29, 2019). "Britain's Fraud Office Investigates Acacia Mining". WSJ.
- "Tanzania's firebrand leader takes on its largest gold miner". The Economist. 15 June 2017.
- "DomRep residents, NGOs call for Barrick's tailings plans to be stopped". BNAmericas. September 20, 2021.
Continue reading[change | change source]
- Rohmer, Richard (1997). Golden Phoenix: The Biography of Peter Munk. Toronto: Key Porter Books. ISBN 1-55013-912-6.