Barrick Mining Corporation

Corporate brand

Barrick Gold is a Canadian multinational mining company focused on gold and copper production, development and exploration.

Last updated November 4, 2026

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Overview

Barrick Mining Corporation is a Canadian mining company headquartered in Toronto and focused primarily on gold and copper. The company grew out of Barrick Resources, a privately held North American oil and gas business whose founder, Peter Munk, redirected the enterprise toward gold after losses in its original energy activities. Barrick became publicly traded on the Toronto Stock Exchange in 1983 and subsequently expanded through mine acquisitions, exploration successes and corporate combinations. Its early transformation was driven by the Goldstrike property in Nevada, which became a major operating success and helped establish Barrick as a leading international gold producer. The company was renamed American Barrick Resources in 1986 and listed on the New York Stock Exchange in 1987. It adopted the name Barrick Gold Corporation in 1995. Acquisitions of Lac Minerals, Arequipa Resources, Sutton Resources and Homestake Mining broadened its North and South American and African portfolios. The 2005–2006 acquisition of Placer Dome further expanded Barrick's mine base and strengthened its position among the world's largest gold producers. Barrick later pursued a more geographically diversified and partnership-oriented model. African Barrick Gold was separated and listed in London in 2010, while the company also acquired Equinox Minerals in 2011. In 2018, Barrick entered a strategic partnership with Shandong Gold Group involving the Veladero mine. In 2019, it merged with Randgold Resources in an all-stock transaction. Mark Bristow, Randgold's former chief executive, became chief executive of the combined company. The same year, Barrick and Newmont formed Nevada Gold Mines, a jointly owned and Barrick-operated complex that combined major assets in Nevada and became the world's largest gold-mining complex. The business increasingly includes copper alongside gold. Its principal development priorities include the Reko Diq copper-gold project in Pakistan, the Pueblo Viejo expansion in the Dominican Republic and the Fourmile gold project in Nevada. Reko Diq was restructured through an agreement involving Barrick, Pakistan's federal government, Balochistan and Pakistani state-owned enterprises after a long-running dispute over the project's development rights. The project is intended to become a large, long-life copper and gold operation, subject to permitting, financing, construction and development execution. For 2024, the reference material reports production of 3.91 million ounces of gold and 195,000 tonnes of copper. It also reports year-end proven and probable reserves of 89 million ounces of gold and 18 million tonnes of copper. These figures are time-specific operational and reserve disclosures rather than permanent characteristics of the company. Barrick changed its corporate name from Barrick Gold Corporation to Barrick Mining Corporation in May 2025, reflecting its stated shift from a principally gold-oriented identity toward a dual gold-and-copper strategy. Its New York Stock Exchange symbol changed from GOLD to B, while its Toronto Stock Exchange symbol remained ABX. Barrick Gold Corporation is a Canadian multinational mining company whose principal activities are the exploration, development and operation of gold and copper mines. Its corporate headquarters are in Toronto, while its portfolio spans North America, South America, Africa, the Middle East and Papua New Guinea. The company sells commodities rather than branded consumer products, so its brand is primarily an institutional, investor-facing and business-to-business identity associated with large-scale mine ownership, project development and precious-metals production. The company traces its modern history to Barrick Resources, founded in 1983 by Peter Munk. Barrick initially had interests outside gold, including oil and gas, but moved decisively into gold mining through acquisitions and mine development during the 1980s. Its growth was accelerated by the acquisition of Homestake Mining in 2001, which added significant North American assets and helped make Barrick one of the world's largest gold producers. Other important expansion steps included the acquisition of Placer Dome in 2006, which brought operations and interests in several major mining jurisdictions, and the creation of major joint ventures such as Pueblo Viejo in the Dominican Republic and Kibali in the Democratic Republic of the Congo. Barrick's business is organized around operating mines, advanced development projects, exploration programs and partnerships. Gold has historically represented the core of its production and revenue base, while copper has become increasingly important to its long-term strategy. The company's copper portfolio includes the Lumwana mine in Zambia and the copper-gold Zaldívar operation in Chile, held through a joint venture. Barrick also has exposure to world-class gold assets such as Nevada Gold Mines in the United States, a 61.5%-owned joint venture with Newmont, and Pueblo Viejo, a joint venture with Newmont in the Dominican Republic. Other notable assets have included the Loulo-Gounkoto complex in Mali, Kibali in the Democratic Republic of the Congo, Veladero in Argentina, North Mara and Bulyanhulu in Tanzania, and the Porgera mine in Papua New Guinea. A major strategic turning point came in 2018, when Barrick agreed to acquire Randgold Resources. The transaction closed in 2019 and brought Mark Bristow, Randgold's former chief executive, into leadership of the combined company. The enlarged Barrick emphasized disciplined capital allocation, asset quality, operating performance, reserve replacement and shareholder returns. Later in 2019, Barrick and Newmont combined their Nevada operations into Nevada Gold Mines, creating one of the world's largest gold-producing complexes and a major example of operating-scale consolidation in the sector. Barrick has also pursued growth in copper and sought to concentrate capital on assets with long mine lives, expansion potential and competitive costs. Its strategy has included the development and expansion of Pueblo Viejo, the proposed development of the Reko Diq copper-gold project in Pakistan through a restructured partnership, and the expansion of Lumwana in Zambia. These initiatives have been accompanied by continued exploration intended to extend mine lives and identify new deposits. The company operates in industries exposed to commodity prices, foreign-exchange movements, energy costs, permitting requirements, taxation, political conditions and environmental and social risks. Barrick has faced controversy concerning water protection, tailings management, indigenous and community relations, labor conditions and the social effects of mine development. The Pascua-Lama project on the Chile-Argentina border was suspended after regulatory and environmental disputes, and incidents at the Veladero mine in Argentina led to investigations, sanctions and operational changes. Barrick presents its current operating model as focused on responsible mining, partnership with host communities, transparenc…

History

Barrick Mining began as Barrick Resources, an oil and gas company founded by Peter Munk. After financial difficulties in energy, Munk redirected the business toward gold. Barrick Resources became publicly traded in Toronto in May 1983. The Goldstrike property in Nevada was an important early success, helping the company build a substantial North American production base. In 1986, the company adopted the name American Barrick Resources, emphasizing its North American identity, and it joined the New York Stock Exchange in 1987. The name Barrick Gold Corporation was adopted in 1995. Expansion during the 1990s and early 2000s came largely through acquisitions. The purchase of Lac Minerals in 1994 made Barrick a larger North and South American producer. Arequipa Resources added the Pierina operation in Peru, while Sutton Resources brought Tanzanian properties into the portfolio. In 2001, Barrick acquired Homestake Mining Company in a stock transaction valued at approximately US$2.3 billion, making Barrick the second-largest gold producer in the world at that time. Barrick then pursued Placer Dome in a hostile takeover launched in 2005. The transaction, completed in 2006 at a reported value of approximately US$10.4 billion, added important mines and interests in several jurisdictions. The company reorganized its Tanzanian assets as African Barrick Gold, which was listed on the London Stock Exchange in 2010 while Barrick retained majority ownership. In 2011, Barrick acquired Equinox Minerals after competing with China Minmetals. The company also developed strategic relationships intended to support its assets and expansion. In 2018, Barrick and Shandong Gold Group established a partnership connected with the Veladero mine in Argentina. A decisive corporate change came in 2018, when Barrick announced its all-stock merger with Randgold Resources. The combination closed with Mark Bristow, previously Randgold's chief executive, leading the merged company. In 2019, Barrick attempted to acquire Newmont, but the proposal was rejected. The companies subsequently formed Nevada Gold Mines, combining their Nevada assets under Barrick's operation. The joint venture began in July 2019 and brought together open-pit and underground mines, processing plants and related infrastructure. Barrick owns 61.5% and Newmont owns 38.5%. Barrick's later strategy placed greater emphasis on copper as a complement to gold. The Reko Diq project in Pakistan became a central development asset after a revised agreement in 2022 resolved the framework for the project among Barrick, Pakistan's federal government, Balochistan and Pakistani state-owned companies. The company also identified the Pueblo Viejo expansion and Fourmile in Nevada as important growth initiatives. In May 2025, shareholders approved the name Barrick Mining Corporation, and the change took effect on the exchanges on May 9. The rebrand represented the company's stated evolution into a diversified gold and copper mining enterprise. Later in 2025, the company underwent an interim leadership transition and considered a minority IPO for a proposed subsidiary holding selected North American assets, amid pressure from activist investor Elliott Investment Management. Barrick Gold's modern corporate history began in 1983, when Peter Munk founded Barrick Resources. The company initially operated with interests beyond gold, but it soon redirected its business toward precious-metals mining. Through acquisitions and mine development, Barrick assembled a portfolio of producing assets and became one of the leading gold companies in North America and internationally. The acquisition of Homestake Mining in 2001 was a major expansion. It added important American operations and strengthened Barrick's position in the United States. In 2006, Barrick acquired Placer Dome after a contested takeover process. The transaction added mines and development properties across the Americas, Australia and Africa, including the Cortez and Goldstrike assets in Nevada and a stake in the Pueblo Viejo project in the Dominican Republic. During this period Barrick also advanced Pascua-Lama, a large gold-silver project located on the border between Chile and Argentina. Barrick's international portfolio expanded through projects and partnerships including the Kibali gold mine in the Democratic Republic of the Congo, the Loulo-Gounkoto complex in Mali, operations in Tanzania and the Veladero mine in Argentina. Its growth model relied heavily on acquiring or partnering around large deposits, but it also exposed the company to complex permitting, infrastructure, political and community conditions. Pascua-Lama became a particularly important setback after construction was suspended amid environmental and regulatory problems. The project was later abandoned in its planned form, and Chilean authorities ordered closure of the Chilean facilities. Leadership and strategy changed during the 2010s. Peter Munk stepped down as chairman in 2014, while John Thornton became chairman. The company subsequently emphasized debt reduction, portfolio simplification and more selective capital allocation after a period of aggressive expansion. The Veladero mine in Argentina became the focus of regulatory and public controversy after cyanide-bearing solution incidents, resulting in investigations, sanctions, temporary restrictions and additional monitoring and infrastructure measures. In 2018, Barrick agreed to acquire Randgold Resources. The transaction closed in 2019 and brought Mark Bristow, Randgold's former chief executive, to Barrick's top executive role. Bristow's management approach stressed decentralized operating responsibility, exploration, cost control, returns on capital and close relationships with host governments and communities. In the same year, Barrick and Newmont created Nevada Gold Mines by combining their Nevada operations. Barrick became the majority owner and operator, while Newmont retained a substantial minority interest. In the 2020s, Barrick continued to operate a geographically diverse gold portfolio while increasing the strategic importance of copper. The company pursued expansions at Pueblo Viejo and Lumwana and worked to restart the Reko Diq copper-gold project in Pakistan after a legal and political settlement. Barrick also returned to operations at Porgera in Papua New Guinea through a new ownership and operating framework after a period in which the mine was not operating. Its current identity is that of a global mine operator and developer rather than a consumer-facing product brand. The company remains exposed to commodity cycles and to the environmental, social, regulatory and political challenges inherent in large-scale mining.

2025
Corporate name changed to Barrick Mining
[1]Barrick Miningen.wikipedia.org
The company formally changed its name from Barrick Gold Corporation to Barrick Mining Corporation and changed its NYSE symbol from GOLD to B.
2022
Reko Diq framework agreed
[1]Barrick Miningen.wikipedia.org
A new agreement established the ownership and development framework for the Reko Diq copper-gold project in Pakistan.
2019
Nevada Gold Mines launched
[1]Barrick Miningen.wikipedia.org
Barrick and Newmont combined their Nevada operations in a jointly owned complex operated by Barrick.
2019
Randgold merger completed
[10]Randgold merger completedbarrick.com
The merger closed and Mark Bristow became Barrick's president and chief executive.
2018
Randgold merger announced
[1]Barrick Miningen.wikipedia.org
Barrick announced its all-stock merger with Randgold Resources, a transaction that reshaped its management and operating model.
2013
Pascua-Lama construction suspended
[9]Pascua-Lama construction suspendedbarrick.com
Construction of the Pascua-Lama project was suspended amid regulatory, environmental and economic challenges.
2010
African Barrick Gold listed
[1]Barrick Miningen.wikipedia.org
Barrick separated its Tanzanian assets into African Barrick Gold, which listed in London while Barrick retained majority ownership.
2006
Placer Dome acquisition completed
[1]Barrick Miningen.wikipedia.org
Barrick completed its approximately US$10.4 billion acquisition of Placer Dome, adding major mines and interests.
2006
Placer Dome acquired
[3]Barrick Gold official company historybarrick.com
Barrick completed the acquisition of Placer Dome, adding major mines and development interests in several countries.
2001
Homestake Mining acquired
[1]Barrick Miningen.wikipedia.org
The stock acquisition of Homestake made Barrick the world's second-largest gold producer at the time. Barrick acquired Homestake Mining, materially expanding its North American gold portfolio.
1994
Lac Minerals acquired
[1]Barrick Miningen.wikipedia.org
The acquisition expanded Barrick's properties and production interests across North and South America.
1986
American Barrick Resources name adopted
[1]Barrick Miningen.wikipedia.org
The company changed its name to American Barrick Resources as it emphasized its North American producer identity.
1983
Barrick Resources becomes publicly traded
[1]Barrick Miningen.wikipedia.org
Barrick Resources listed on the Toronto Stock Exchange on May 2, beginning its development as a public mining company.
1983
Barrick Resources founded
[3]Barrick Gold official company historybarrick.com
Peter Munk founded Barrick Resources, the predecessor of Barrick Gold Corporation.

Products and positioning

A large, globally diversified gold and copper mining group emphasizing Tier One assets, long-life reserves, disciplined capital allocation and partnerships with governments and strategic investors. A large-scale, internationally diversified precious-metals and copper mining group positioned around long-life assets, operational discipline, exploration, partnerships and responsible resource development.

Precious-metals mining · 1983
Gold
Gold is Barrick's historic core commodity. The company explores for, develops and operates open-pit and underground gold mines, producing doré and other mine output for downstream refining. Its portfolio includes large operations in Nevada, the Dominican Republic, Argentina, Mali, Tanzania, Papua New Guinea and other jurisdictions. Gold remains central to Barrick's Tier One asset strategy and reserve base. Gold is Barrick's principal commodity. The company produces doré and refined gold through a portfolio of open-pit and underground mines, including operations in Nevada, the Dominican Republic, Mali, Argentina, Tanzania, Papua New Guinea and other jurisdictions. Production is sold into global bullion markets rather than through consumer retail channels.
Base-metals mining
Copper
Copper has become an increasingly important part of Barrick's portfolio and corporate positioning. The company produces copper and develops copper-gold deposits, including the Reko Diq project in Pakistan. Barrick presents copper as complementary to gold because of its importance in electrification and energy-transition infrastructure. Copper is Barrick's main non-gold commodity and an increasingly important part of its growth strategy. The portfolio includes the Lumwana mine in Zambia, the Zaldívar copper-gold operation in Chile through a joint venture, and the Reko Diq copper-gold development project in Pakistan. Barrick has described copper expansion as a way to diversify its production base and participate in long-term electrification demand.
Mining complex · 2019
Nevada Gold Mines
Nevada Gold Mines is a large integrated gold-mining complex formed by combining Barrick and Newmont assets in Nevada. It includes underground and open-pit mines, autoclaves, roasters, mills, flotation facilities and heap-leach operations. Barrick operates the joint venture and holds a 61.5% interest; Newmont holds 38.5%.
Copper-gold development project
Reko Diq
Reko Diq is a major copper-gold development project in Balochistan, Pakistan. Under the revised ownership framework, Barrick holds 50%, while the remainder is divided among the province, the federal government and Pakistani state-owned enterprises. Development is planned in phases and depends on feasibility work, approvals, financing and construction.
Gold mine · 2012
Pueblo Viejo
Pueblo Viejo is a major gold operation in the Dominican Republic and one of Barrick's important long-life assets. Barrick operates the mine in partnership with Newmont and has identified an expansion as part of its broader production and reserve strategy.
Gold exploration and development project
Fourmile
Fourmile is a gold discovery and development project in Nevada. Barrick has presented it as a strategic growth asset and as part of the North American portfolio that could support future production and a potential separately listed subsidiary.
Precious metals
Silver by-product
Silver is recovered as a by-product from selected gold and polymetallic operations. It is not positioned as Barrick's primary commodity, but contributes to production and revenue at relevant mines.

Controversies

2022
EMX subsidiary settles royalty-payment litigation with Barrick
EMX announced that its subsidiary Bullion Monarch Mining reached a settlement with Barrick and its affiliates over Bullion's claim that royalties on production from properties in Nevada's Carlin trend had not been paid. Barrick will pay Bullion US$25 million under the settlement.
Source
2017
Further Veladero pipeline incident
A subsequent incident at Veladero intensified scrutiny of Barrick's environmental management and led Argentine authorities to order a temporary suspension while the company implemented corrective measures.
Source
2015
Veladero cyanide solution spill
A failure involving a solution pipeline at the Veladero mine released cyanide-bearing process solution into waterways. The incident prompted government investigations, legal and regulatory action, operational restrictions and demands for stronger monitoring and controls.
Source
2013
Pascua-Lama environmental and regulatory dispute
Pascua-Lama faced sustained opposition and regulatory action related to water management, glaciers, environmental compliance and construction conditions on the Chile-Argentina border. Construction was suspended, and Chilean authorities later ordered permanent closure of the Chilean portion.
Source

2021Partnership for development communications
Africa · Latin America · Papua New Guinea · North America
Barrick's public sustainability and community-engagement communications emphasize partnerships with governments, communities and local suppliers around its operations.
Outcome. The approach is intended to build local economic participation and social acceptance for mining projects.
Source
2020Building Brighter Futures
Global operating jurisdictions
Barrick's community-investment platform supports education, health, enterprise development and other local initiatives in communities near its mines.
Outcome. The program is presented as a long-term social-investment framework connected to host-community development.
Source

Brand decisions

2025
Rebrand as Barrick MiningStrategy
Background
Barrick's portfolio had expanded beyond its traditional gold identity to include significant copper production and development projects.
Action taken
Following shareholder approval, the company changed its legal name to Barrick Mining Corporation; its NYSE symbol changed from GOLD to B while its TSX symbol remained ABX.
Aftermath
The new identity positioned the group as a dual gold-and-copper mining company.
Source
2025
Evaluate an IPO for selected North American assetsStrategy
Background
The proposal emerged amid strong gold-market conditions and investor pressure to reveal value in assets located in relatively stable jurisdictions.
Action taken
The board authorized management to assess a minority initial public offering of a proposed subsidiary containing interests in Nevada Gold Mines, Pueblo Viejo and Fourmile, while retaining control.
Aftermath
The evaluation was presented as a possible way to separate or highlight the value of selected North American gold assets; no completed IPO is established in the supplied material.
Source
2024
Advance copper growth through Lumwana expansionStrategy
Background
Barrick identified copper as a strategic growth area alongside its established gold portfolio.
Action taken
The company advanced plans to expand Lumwana in Zambia and continued development work on other copper-gold assets.
Aftermath
The expansion is intended to transform Lumwana into a larger, longer-life copper operation, subject to project execution and approvals.
Source
2022
Restart the Reko Diq projectStrategy
Background
The project had been stalled following a dispute over the legality and award of its original mining license.
Action taken
Barrick entered a revised project framework with Pakistan, Balochistan and Pakistani state-owned enterprises, with Barrick holding a 50% interest. Barrick, Pakistan and provincial stakeholders implemented a settlement and new ownership framework to restart project development.
Aftermath
The agreement reopened a pathway toward feasibility work and phased construction, subject to required approvals and development execution. Reko Diq returned to Barrick's development pipeline as a major copper-gold growth project, subject to construction, permitting and financing requirements.
Source
2019
Form Nevada Gold Mines joint ventureM&A
Background
After Newmont rejected Barrick's proposed acquisition, the companies pursued cooperation in Nevada instead.
Action taken
Barrick and Newmont combined their Nevada assets into a joint venture operated by Barrick.
Aftermath
The resulting complex became the world's largest gold-mining operation, with Barrick owning 61.5% and Newmont 38.5%.
- Newmont — Newmont rejected the takeover proposal but agreed to combine its Nevada operations with Barrick's.
Source
2019
Combine Nevada operations with NewmontM&A
Background
Both companies operated significant neighboring assets in Nevada and identified potential infrastructure and operating synergies.
Action taken
Barrick and Newmont formed Nevada Gold Mines as a joint venture, with Barrick operating the combined complex.
Aftermath
Nevada Gold Mines became a central part of Barrick's production portfolio and one of the world's largest gold-mining complexes.
- Newmont — Newmont agreed to contribute its Nevada assets to the joint venture while retaining a minority interest.
Source
2018
Combine with Randgold ResourcesM&A
Background
Barrick sought to strengthen its operating model and global portfolio through a combination with Randgold Resources.
Action taken
The companies announced and completed an all-stock merger, with Mark Bristow becoming chief executive of the combined group.
Aftermath
The merger created a larger international gold producer and became the foundation for subsequent portfolio optimization and operating changes.
Transaction value. Approximately US$6.5 billion (2018 announcement)
Source
2018
Agree to acquire Randgold ResourcesM&A
Background
Barrick sought to combine its asset base with Randgold's operating and development portfolio and management expertise.
Action taken
Barrick agreed to an all-share combination with Randgold Resources.
Aftermath
The transaction closed in 2019, with Mark Bristow becoming chief executive of the combined group.
Source
2013
Suspend Pascua-Lama constructionStrategy
Background
The cross-border gold-silver project encountered environmental, regulatory, construction and cost difficulties.
Action taken
Barrick suspended construction and shifted the project toward care and maintenance while regulatory processes continued.
Aftermath
The project did not proceed as originally planned; Chilean authorities subsequently ordered closure of the Chilean facilities.
Source

Recent events

2026.08.11
Reported2026.08.11
Barrick appoints Sebastiaan Bock CEO, Rest of World[17]巴里克任命塞巴斯蒂安·博克为世界其他地区首席执行官finanznachrichten.de
Barrick Mining Corporation announced the appointment of Sebastiaan Bock as Chief Executive Officer, Rest of World, effective immediately. Bock will lead Barrick's gold and copper operations and projects outside North America and report to President and CEO Mark Hill.
2022.02.18
Reported2022.02.18
EMX subsidiary settles royalty-payment litigation with Barrick[16]EMX subsidiary settles royalty-payment litigation with Barrickfinance.yahoo.com
EMX announced that its subsidiary Bullion Monarch Mining reached a settlement with Barrick and its affiliates over Bullion's claim that royalties on production from properties in Nevada's Carlin trend had not been paid. Barrick will pay Bullion US$25 million under the settlement.
2021.12.07
Reported2021.12.07
Bulyanhulu agrees to acquire six prospecting licences in Tanzania[18]Bulyanhulu同意收购坦桑尼亚六项勘探许可证mining.com
Bulyanhulu Gold Mine Limited entered into a binding agreement with Barrick Gold, Tembo Gold Corp and MIPCCL to acquire a 100% interest in six prospecting licences in areas adjacent to the Bulyanhulu mine. Closing was expected in the first quarter of 2022.
Unconfirmed
Reported2021.06.02
Boroo completes acquisition of Lagunas Norte mine[19]Boroo完成收购Lagunas Norte金矿canadianminingjournal.com
Boroo completed the purchase of the Lagunas Norte gold mine in Peru from former owner Barrick Gold. The article reports the purchase price and payment terms.
Unconfirmed
Reported2021.04.07
Thor acquires Barrick's stake in Central Houndé project[20]Thor收购Barrick持有的Central Houndé项目权益globalminingreview.com
Thor acquired Barrick's 51% ownership of the Central Houndé project in exchange for a 1% net smelter royalty, giving Thor 100% ownership of the project.
Unconfirmed
Reported2021.04.05
Thor acquires Barrick’s Central Houndé project interest[21]Thor 收购 Barrick 持有的 Central Houndé 项目权益canadianminingjournal.com
Thor Explorations acquired Barrick Gold’s 51% ownership of the Central Houndé project in exchange for a 1% net smelter royalty, giving Thor 100% ownership.
2020.04.17
Reported2020.04.17
Precipitate Gold closes private placement subscribed by Barrick[22]Precipitate Gold 完成 Barrick 认购的私募配售finanznachrichten.de
Precipitate Gold closed a previously announced private placement of 12,713,636 common shares at $0.11 per share, for gross proceeds of $1,398,500, subscribed by Barrick Gold Corporation.
2015.02.19
Reported2015.02.19
Barrick outlines plans for a leaner, gold-focused company[23]Barrick 提出精简并聚焦黄金业务的计划toronto.citynews.ca
Barrick chairman John Thornton outlined plans for a leaner company, a focus on gold and a decentralized operating model that would give mine operators more control.

Sources28 sources

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