Barrick Mining Corporation
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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 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]
References
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