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About Us

About Us

Founded in 1983 and headquartered in Toronto, Barrick has 10,000 employees, with mining operations and projects in 10 countries.

We strive to be the world’s most valued gold mining business by finding, developing and owning the best assets, with the best people, to deliver sustainable returns for our owners and partners.

More than 75% of our gold production comes from the Americas region, including Argentina, Canada, Dominican Republic, Peru and the United States. The Company also has mining operations and projects in Australia, Chile, Papua New Guinea, Saudi Arabia and Zambia.

The Company’s shares trade on the New York Stock Exchange and the Toronto Stock Exchange under the symbol ABX.

Meet our Management

More on Governance

Reserves & Resources

As of December 31, 2017
64.4m
ounces of
proven and probable
gold reserves1
88.6m
ounces of
measured and indicated
gold resources1
8.1b
pounds of
proven and probable
copper reserves1
7.3b
pounds of
measured and indicated
copper resources1
Owners

Barrick’s early leaders, led by Peter Munk, worked together as a team and trusted each other. They shared responsibility and accountability for the Company’s successes and failures. They lived and breathed Barrick because their personal wealth was tied to the Company’s fortunes.

At Barrick today, we’re all owners. This means our people have the emotional and financial investment of an owner—an interest in the Company that goes deeper than mere employment.

Meet the team at Pueblo Viejo in the Dominican Republic

Our vision is the generation of wealth through responsible mining—wealth for our owners, our people, and the countries and communities with which we partner.

We aim to be the leading mining company focused on gold, growing our cash flow per share by developing and operating high quality assets through disciplined allocation of human and financial capital and operational excellence.

Our Values

These values underpin our daily actions, and drive the work that will achieve our near-term priorities, and our long-term goals.

People
People
Attract and develop strong people who act with integrity, are tireless in their pursuit of excellence, and inspire others to be their best.
Urgency
Urgency
Act with urgency. Seek out opportunities and determine how to capitalize on them.
Responsibility & Accountability
Responsibility &
Accountability
Act as an owner. Take initiative. Own up to mistakes and learn from them. Drive change. Always look for ways to make things better.
Partnership
Partnership
Earn trust and create transparency to build enduring partnerships between our people and with the countries and communities in which we operate.
Operational Excellence
Operational
Excellence
Lead the industry in safety and environmental practices—all while unleashing the full potential of all our assets through ingenuity, drive, and innovation.
Shareholder Value
Shareholder
Value
Allocate money and people to opportunities which grow our free cash flow per share while maximizing our net asset value.
Execution
Execution
Do what we say we are going to do.

Peter Munk

Founder

1927-2018

Under Mr. Munk’s leadership, Barrick grew rapidly, achieving an industry-leading position in just 25 years. His entrepreneurial spirit, combined with conservative fiscal management and strong technical expertise, are core elements of the Company’s original DNA.

As a business leader and philanthropist, Mr. Munk supported a range of charitable causes. He has made significant contributions to support world-class education, improve health care facilities, and advance public policy. These include funding to establish a leading centre for international studies at the Munk School of Global Affairs at the University of Toronto, the Peter Munk Cardiac Centre in Toronto, and the Centre for Research, Innovation and Technology at Technion University in Israel.

More about the life of Peter Munk

  1. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2017, unless otherwise noted. Proven reserves of 398.3 million tonnes grading 1.91 g/t, representing 24.5 million ounces of gold, and 170.7 million tonnes grading 0.556%, representing 2.095 billion pounds of copper. Probable reserves of 0.9 billion tonnes grading 1.39 g/t, representing 40.1 million ounces of gold, and 456.7 million tonnes grading 0.592%, representing 5.956 billion pounds of copper. Measured resources of 400.2 million tonnes grading 0.92 g/t, representing 11.8 million ounces of gold, and 90.9 million tonnes grading 0.401%, representing 803.1 million pounds of copper. Indicated resources of 1.6 billion tonnes grading 1.54 g/t, representing 76.9 million ounces of gold, and 581.2 million tonnes grading 0.506%, representing 6.484 billion pounds of copper. Inferred resources of 795.4 million tonnes grading 1.21 g/t, representing 30.8 million ounces of gold, and 125.4 million tonnes grading 0.482%, representing 1.331 billion pounds of copper. Pascua-Lama measured resources of 42.8 million tonnes grading 1.86 g/t representing 2.6 million ounces of gold, and indicated resources of 391.7 million tonnes grading 1.49 g/t, representing 18.8 million ounces of gold. Goldrush probable reserves of 5.7 million tonnes grading 8.12 g/t, representing 1.5 million ounces of gold. Donlin Gold measured resources of 3.9 million tonnes grading 2.52 g/t (50 percent basis) representing 0.3 million ounces of gold (50 percent basis), and indicated resources of 266.8 million tonnes grading 2.24 g/t (50 percent basis), representing 19.2 million ounces of gold (50 percent basis). Alturas inferred resources of 211 million tonnes grading 1.0 g/t, representing 6.8 million ounces of gold. Norte Abierto proven reserves of 114.9 million tonnes grading 0.65 g/t (50 percent basis) representing 2.4 million ounces of gold (50 percent basis), and probable reserves of 484.0 million tonnes grading 0.59 g/t (50 percent basis), representing 9.2 million ounces of gold (50 percent basis). Complete mineral reserve and mineral resource data for all mines and projects referenced in this press release, including tonnes, grades, and ounces, can be found on pages 86-91 of Barrick’s Fourth Quarter and Year-End 2017 Report.