Its name was changed to Barrick Gold Corporation in 1995. It was listed on the New York Stock Exchange in February 1987. Reflecting its identity as a North American producer, distinct from its South African competitors, the company's name was changed to American Barrick Resources in 1986. In the 1980s, Barrick Gold purchased Goldstrike, which was a rapid success making Barrick one of the biggest gold mining companies globally. The company was set up not as a conventional mining company, but a mergers and acquisitions entity that bought mining companies. Barrick Resources Corporation became a publicly traded company on May 2, 1983, listing on the Toronto Stock Exchange. After suffering financial losses in oil and gas, founder Peter Munk (1927–2018) decided to refocus the company on gold. History Founding and early years Barrick Resources īarrick Gold Corporation evolved from a privately held North American oil and gas company, Barrick Resources. Ĭhief executive Mark Bristow said in 2020 that Barrick has debated moving its primary stock listing to the New York Stock Exchange from the Toronto Stock Exchange, broadening its exposure to potential investors. Barrick expects to produce between 4.6 and five million ounces of gold and between 440 and 500 million pounds of copper in 2020. īarrick had been the world's largest gold mining company until Newmont Corporation acquired Goldcorp in 2019. īarrick has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021. As of 31 December 2019, the company had 71 million ounces of proven and probable gold reserves. In 2019, it produced 5.5 million ounces of gold at all-in sustaining costs of $894/ounce and 432 million pounds of copper at all-in sustaining costs of $2.52/pound. 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. It is headquartered in Toronto, Ontario, Canada. Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries.
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