Barrick Gold Corporation, colloquially known as GOLD, is a Canadian-based multinational firm that is one of the world's leading producers of gold and copper. Incorporated in 1983 by Peter Munk, it is headquartered in Toronto, while the region-based business units are distributed across Argentina, Canada, Côte d'Ivoire, the Dominican Republic, Mali, Papua New Guinea, Peru, Saudi Arabia, Tanzania, and the United States. As of 2020, the company had approximately 40,000 employees and contractors worldwide, indicating a substantial impact on labor markets in which it operates.
Barrick Gold Corp operates from a geostrategically diversified portfolio of high-quality assets, focused on driving strong, sustainable returns for its shareholders and stakeholders. The company is renowned for its robust operating system implemented across all its sites to deliver consistent execution on its value drivers. It is known to combine financial strength, a disciplined approach to capital allocation, technical expertise, a balanced asset portfolio and—as befits a global citizen—an unshakeable commitment to sustainability and ethical operations.
Gold mining is GOLD's primary business, boasting more than 18 gold mines across the globe, with roughly 6.6 million ounces of gold produced in 2020 alone. Besides gold, Barrick Gold Corp. also has significant mining operations for copper, producing approximately 457 million pounds of copper in 2020. The company is working consistently towards achieving its objective of becoming the most valued gold mining business by finding, developing, and owning the best assets.
Barrick Gold Corp has been continuously creating an environment where people can give their best every day, keeping safety as the highest priority, both culturally and performance-wise. The company also actively involves communities in its host countries through strategic partnerships, sustainable development projects, and direct contributions to the local economy. The corporation's social investments and sustainability practices have earned it several rewards and recognitions from international organizations.
The company's goal is to find and safely mine the deposits that cumulatively offer the highest rate of return on capital invested. As part of its commitment to sustainable mining, Barrick Gold Corp has implemented comprehensive environmental management systems at all its operating sites.
Barrick Gold Corp has proven its resilience and adaptability over the decades, consistently delivering on its core mission despite significant challenges in the mining sector. It has maintained steady growth and profitability, making it a major player in the global gold and copper mining industry.