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Barrick Gold Corporation operates within the “Other” sector and is classified under the Precious Metals Mining industry. Founded in 1983 by Peter Munk, the company is headquartered in Toronto, Canada, and engages globally in the exploration, extraction, and commercialization of gold and copper.
The company maintains a diversified portfolio of mines and projects across several countries, including Canada, the United States, Argentina, Chile, Peru, the Democratic Republic of the Congo, and Saudi Arabia. In addition to mining operations, Barrick Gold invests in technology development to enhance operational efficiency and minimize environmental impact.
With operations spanning five continents, Barrick Gold focuses on improving production through sustainable mining practices and technological innovation. The company also forms strategic partnerships to explore new mineral reserves and expand its production capacity.
The gold mining industry faces ongoing challenges such as metal price volatility, strict environmental regulations, and rising operational costs. Barrick Gold competes with major global miners like Newmont Corporation, AngloGold Ashanti, and Kinross Gold, adopting cost-control and efficiency strategies to maintain its competitive edge.
The company’s operational infrastructure includes both open-pit and underground mines, processing facilities, and logistics networks for metal distribution. Its headquarters in Toronto oversees global operations and the strategic management of corporate assets.
Barrick Gold Corporation’s shares trade on the New York Stock Exchange (NYSE) under the ticker symbol GOLD.
History and Foundation of Barrick Gold Corporation
Barrick Gold Corporation was founded in 1983 in Canada by Peter Munk, with the goal of becoming one of the world’s leading gold mining companies. In its early years, Barrick acquired and developed mining projects across North America, solidifying its foothold in the industry.
Throughout the 1990s and 2000s, Barrick Gold expanded globally, acquiring major mining assets and investing in new technologies to improve extraction efficiency. The acquisitions of Homestake Mining Company (2001) and Placer Dome (2006) were key milestones that strengthened its position as one of the world’s largest gold producers.
Barrick Gold’s initial public offering (IPO) took place in 1983 on the Toronto Stock Exchange (TSX), enabling the company to raise capital for its expansion. Its shares were later listed on the New York Stock Exchange (NYSE), broadening access to international capital markets.
During the 2010s, Barrick implemented a restructuring strategy aimed at reducing operating costs and improving profitability by divesting low-return assets and focusing on high-quality projects. The 2019 merger with Randgold Resources marked a pivotal moment in the company’s history, reinforcing its global presence and operational capabilities.
Between 2020 and 2024, Barrick Gold increased its investments in mineral exploration and sustainability, adopting measures to reduce carbon emissions and improve waste management across its operations. The company also expanded its copper projects, capitalizing on rising demand driven by the energy transition and the technology sector.
Today, Barrick Gold remains one of the world’s most prominent gold and copper producers, combining scale, innovation, and sustainability to maintain its leadership in the global mining industry.
Additional Information
The Company Barrick Gold Corp (United States), is listed on Nasdaq with a market cap of $ -, having an equity of $ 696.87 .
The Company is listedthe in the sector of Others and categorized in industry of Others.
In the last 12 months the Company had a revenue of $ 10.18 Billions, which generated a loss in the amount of $ 1.85 Billion.
As for its main indicators, the Company has a P/E ratio of -, a P/BV ratio of - and in the last 12 months the Company did not pay dividends.
The Company is traded internationally through the ticker GOLD.
