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Barrick Hemlo mine in Ontario, Canada | |
Company type | Public |
---|---|
Industry | Metals and mining |
Founded | 1983 |
Founder | Peter Munk |
Headquarters | Toronto, Ontario , Canada |
Products | Gold, silver, copper |
Revenue | ![]() |
Website | www |
Barrick Gold Corporation is a Canadian mining company. They produces gold and copper with 16 operating sites in 13 countries.[2] It is located in Toronto, Ontario, Canada.[3] 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.[4][5] As of 31 December 2019[update] the company had 71 million ounces of proven and probable gold reserves.[6]
Barrick had been the world's largest gold mining company until Newmont Corporation acquired Goldcorp in 2019.[7] Barrick expects to produce between 4.6 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020.[8]
Barrick Gold reported total CO2e emissions (Direct + Indirect) for 31 December 2020 at 7,351 Kt.[9] It has set a greenhouse gas emissions reduction target of 30% and will be net-zero carbon emissions by 2050.[10] 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.[11]
Property | Country | Ownership | Mine Type | 2021 Gold Production (ounces)[12] | 2020 Gold Production (ounces)[12] | 2020 Gold Reserves (ounces)[12] |
---|---|---|---|---|---|---|
Veladero | ![]() |
50% | Open Pit | 130,000 – 150,000 | 226,000 | 2.6 million |
Hemlo | ![]() |
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 | ![]() |
60% | Open Pit | 470,000 – 510,000 | 542,000 | 6.2 million |
Loulo-Gounkoto | ![]() |
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 | ![]() |
47.5% | Open Pit, Underground | n/a | n/a | 2.4 million |
North Mara | ![]() |
100% | Open Pit, Underground | 240,000 – 270,000 | 261,000 | 2.0 million |
Bulyanhulu | ![]() |
100% | Underground | 170,000 – 200,000 | 44,000 | 2.0 million |
Buzwagi | ![]() |
100% | Open Pit | 30,000 – 40,000 | 84,000 | 42,000 |
Nevada Gold Mines | ![]() |
61.5% | Open Pit, Underground | 2.1 – 2.25 million | 2.1 million | 27.5 million |
Property | Country | Ownership | Mine Type | 2021 Copper Production (pounds)[12] | 2020 Copper Production (pounds)[12] | 2020 Copper Reserves (pounds)[12] |
---|---|---|---|---|---|---|
Zaldívar | ![]() |
50% | Open Pit | 90 – 110 million | 106 million | 2.3 billion |
Jabal Sayid | ![]() |
50% | Underground | 70 – 80 million | 75 million | 620 million |
Lumwana | ![]() |
100% | Open Pit | 250 – 280 million | 276 million | 6.3 billion |
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.[13][14][15] 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.[16][17][18][19] There has also been small groups of opposition in the Dominican Republic.[20]