18 Facts About Barrick Gold


Barrick Gold Corporation is a mining company that produces gold and copper with 16 operating sites in 13 countries.

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Barrick Gold has met or beaten market consensus on its financial and operating results for eleven consecutive quarters as of Q3 2021.

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Chief executive Mark Bristow said in 2020 that Barrick Gold has debated moving its primary stock listing to the New York Stock Exchange from the Toronto Stock Exchange, broadening its exposure to potential investors.

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Barrick Gold Corporation evolved from a privately held North American oil and gas company, Barrick Resources.

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American Barrick became the third-largest gold mining company in the world when it acquired Lac Minerals in 1994, which owned mining properties in North and South America.

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Shortly after the merger, Barrick Gold, seeking increased profitability, terminated many of the staff at Placer Dome who led the community relations work.

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In February 2010, Barrick Gold announced plans to create a separate company to hold its assets in Tanzania, called African Barrick Gold.

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Barrick Gold would retain majority ownership in the new company, after its listing on the London Stock Exchange .

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African Barrick Gold was listed on the London Stock Exchange in mid-March 2010, with an IPO valuation at US$3.

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In September 2018, Barrick Gold announced an all-stock merger with Randgold Resources in a deal valued at $6.

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In February 2019, Barrick Gold announced a hostile $19 billion bid to acquire Newmont Mining Corporation, an American company based in Denver, Colorado.

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Ownership of the mine is to be split evenly between Pakistan and Barrick Gold, which are investing about $10 billion in the project, which is the single largest investment in the country.

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At its operations in the United States, Barrick Gold is transitioning away from coal to natural gas and solar power, in an effort to reduce emissions.

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Barrick Gold participates in a number of corporate social responsibility programs, such as the United Nations Global Compact.

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Barrick Gold is a signatory to the Extractive Industries Transparency Initiative.

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Barrick Gold is a member of The International Leadership Council of The Nature Conservancy.

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In February 2010, lawyers for Barrick Gold threatened to sue the Canadian publisher Talonbooks for defamation if it proceeded with plans to publish the book Imperial Canada Inc : Legal Haven of Choice for the World's Mining Industries by Alain Deneault.

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In February 2021, Barrick Gold announced it would sell its Lagunas Norte mine in Peru.

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