Barrick Mining

What Barrick Mining does

Barrick Mining Corporation is one of the world's largest gold and copper producers, operating a portfolio of world-class, long-life assets across 17-18 countries and five continents. Founded in 1983 and headquartered in Toronto, the company is publicly listed on the NYSE (B) and TSX (ABX) with a market capitalization of approximately $68.6 billion. Its flagship asset is Nevada Gold Mines—a 61.5%-owned joint venture with Newmont that forms the world's largest integrated gold-producing complex—and the portfolio also includes wholly owned and JV operations in Mali, DRC, Tanzania, Zambia, Dominican Republic, Argentina, Chile, Saudi Arabia, Papua New Guinea, and Pakistan, with development projects at Fourmile (Nevada) and Reko Diq (Pakistan).

The company's underlying technology stack centers on large-scale ore extraction and processing infrastructure: conventional sulfide flotation, heap leaching, autoclave processing, and roaster facilities. Nevada Gold Mines alone operates a combined roaster capacity of ~9.3 Mtpa, autoclave capacity of ~8.3 Mtpa, and Phoenix Au/Cu concentrator capacity of ~11 Mtpa, supported by a first-of-its-kind autonomous haulage partnership with Komatsu. Reserves and resources anchor the asset base at 85 million ounces of proven and probable gold (0.98 g/t grade) and 18 million tonnes of copper.

Barrick's business model is commodity-driven: gold and copper are sold at prevailing market prices through the London Bullion Market Association, London Metal Exchange, direct institutional offtakes, and spot arrangements. FY2025 revenue was $16.96 billion (with Q1 2026 revenue of $5.22 billion, up 67% YoY), driven by 2026 guidance of 2.90-3.25 million ounces of gold at all-in sustaining costs of $1,760-$1,950 per ounce and 190,000-220,000 tonnes of copper. The company is undergoing strategic repositioning under new CEO Mark Hill (appointed February 2026), including planned North American asset IPO by year-end 2026, Lumwana copper expansion (Q1 2028), portfolio rationalization through divestitures of Tongon and Hemlo, and a $3 billion share buyback authorization alongside a 50% free-cash-flow dividend payout policy.

Name

Barrick Mining

Legal name

Barrick Mining Corporation

Website

https://barrick.com

Company type

Public

Founded year

1983

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Barrick Mining Corporation is a global gold and copper producer operating 17-18 countries across five continents, anchored by Nevada Gold Mines—the world's largest integrated gold-producing complex—and producing 2.90-3.25 million ounces of gold and 190,000-220,000 tonnes of copper annually.

Ownership category

akta.pro rank

Product category

Gold and Copper Mining

NAICS

Gold Ore and Silver Ore Mining (212220), Copper, Nickel, Lead, and Zinc Mining (212230)

SIC

Gold And Silver Ores (1040), Metal Mining (1000)

akta.pro primary industry

Gold Mining (IMAKAEAA)

akta.pro secondary industries

Copper Ore Mining (Open-Pit & Underground) (IMAKADAB), Precious Metals Ore Processing & Beneficiation (IMAKAEAD)

Keywords

• Gold mining operations
• Copper mining operations
• Mineral extraction
• Precious metals production
• Mining exploration development

Headquarters

HQ city

Toronto

HQ country

Canada

HQ region

North America

Offices16 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Technology or R&D, Supply Chain, Marketing or Sales

Revenue model

1. Gold Production and Sales: Barrick generates the majority of its revenue through gold production and sales. In Q1 2026, the company produced 719,000 ounces of gold and generated $5.22 billion in revenue. The company operates gold mines across North America, Africa, South America, and Asia Pacific, with Nevada Gold Mines being the world's largest integrated gold-producing complex.
2. Copper Production and Sales: Copper production contributed 49,000 tons in Q1 2026, up 11% year-over-year. Copper operations include Lumwana in Zambia, Jabal Sayid in Saudi Arabia, Zaldívar in Chile, and Phoenix in Nevada. Copper revenues complement gold as a diversified commodity base.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Barrick Mining Corporation is a sector-leading gold and copper producer that extracts, processes, and sells gold and copper concentrate from a global portfolio of mines and advanced development projects across 17 countries and five continents. The company operates 13 active mines and projects including Nevada Gold Mines (the world's largest integrated gold-producing complex), Kibali, Loulo-Gounkoto, Pueblo Viejo, Lumwana, and Jabal Sayid, producing 2.9-3.25 million ounces of gold and 190,000-220,000 tonnes of copper annually at industry-competitive all-in sustaining costs.

Product overview

Barrick Mining Corporation is a sector-leading gold and copper producer with operations and projects spanning 17 countries across five continents. The company operates a portfolio of world-class gold mines (Nevada Gold Mines, Bulyanhulu, Kibali, Loulo-Gounkoto, North Mara, Porgera, Pueblo Viejo, Veladero) and copper operations (Jabal Sayid, Lumwana, Zaldívar), along with major development projects (Fourmile, Reko Diq). Nevada Gold Mines, operated as a joint venture between Barrick (61.5%) and Newmont (38.5%), represents the world's largest integrated gold-producing complex. The company also holds interests in copper-gold projects and royalty arrangements.

Differentiator

Problem solved

Functional benefit

Products and services

• Nevada Gold Mines The world's largest integrated gold-producing complex, operated as a joint venture between Barrick (61.5%) and Newmont (38.5%), spanning multiple underground and open-pit mines, mills, roasters, autoclaves, concentrators and heap-leach facilities across the Carlin, Cortez, Turquoise Ridge and Phoenix districts in northern Nevada. Combined roaster capacity of approximately 9.3 Mtpa, autoclave capacity of approximately 8.3 Mtpa, and Phoenix Au/Cu Concentrator capacity of approximately 11 Mtpa.
• Bulyanhulu A narrow-vein gold mine in Tanzania containing gold, silver and copper mineralisation in sulphides, with steeply-dipping veins. Commenced commercial production in 2001 and recognized as Top Employer Tanzania 2025.
• Fourmile Project A 100%-owned Barrick project in Nevada, adjacent to Nevada Gold Mines, representing one of the most significant gold discoveries of the century with outstanding resource growth. A$275 million, 45-month contract awarded to Barminco for underground mine development starting in July.
• Jabal Sayid A 50/50 joint venture copper operation with Ma'aden in Saudi Arabia, located 350 kilometers north-east of Jeddah. Barrick's 50% share of forecast attributable production is 25,000-30,000 tonnes of copper.
• Kibali Africa's largest gold mine, located in the northeast of the Democratic Republic of Congo, operated by Barrick (45% ownership) with AngloGold Ashanti (45%) and SOKIMO (10%).
• Loulo-Gounkoto A gold mine complex in western Mali comprising Loulo and Gounkoto mining permits, owned 80% by Barrick and 20% by the State of Mali. Disputes with Mali were resolved in November 2025 and the complex resumed production.
• Lumwana A conventional open pit copper mine in Zambia's Copperbelt, approximately 100 kilometers west of Solwezi, processing sulfide ore through a conventional flotation plant producing copper concentrate. Expansion project targets completion in Q1 2028.
• North Mara A combined open pit and underground gold mine in north-west Tanzania, with deposits at Gokona (underground) and Nyabirama (open pit), in commercial production since 2002.
• Porgera An open pit and underground gold mine in Enga Province of Papua New Guinea, at an altitude of 2,200-2,600 meters, operated by Barrick with 24.5% ownership.
• Pueblo Viejo A gold mine in the Dominican Republic operated by Pueblo Viejo Dominicana Corporation (Barrick 60%, Newmont 40%), with construction starting in 2008 and first production in 2012.
• Reko Diq Project One of the largest undeveloped copper-gold projects in the world, owned 50% by Barrick, 25% by federal state-owned enterprises, and 25% by the Government of Balochistan in Pakistan. Fluor Corporation selected as EPCM.
• Veladero A gold mine in San Juan Province, Argentina, at elevations of 4,000 to 4,850 meters above sea level, operated as a 50/50 joint venture with Shandong Gold, approximately 374 kilometers northwest of the city of San Juan.
• Zaldívar A copper mine in northern Chile, operated as a 50/50 joint venture with Antofagasta Plc, located in the Andean Precordillera approximately 1,400 kilometers north of Santiago.

Quantifiable outcome

• Q1 2026 production of 719,000 gold ounces exceeded guidance range of 640,000-680,000 ounces
• +4 more outcomes

Named customers4 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Ten partnerships are on record, tiered core, major and minor.

• Newmont CorporationcoreStrategic or Co-development PartnerNevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont (38.5%), created in 2019 to unite world-class gold assets across northern Nevada. It stands as the largest integrated gold-producing complex on the planet. The joint venture operates Carlin, Cortez, Turquoise Ridge, and Phoenix districts.
• Ma'adencoreStrategic or Co-development PartnerJabal Sayid copper operation in Saudi Arabia is a 50/50 joint venture between Barrick and Ma'aden. The first shipment of copper concentrate occurred in December 2015, and the mine commenced commercial production in July 2016. Barrick's 50% share of forecast attributable production is 25,000-30,000 tonnes.
• Shandong GoldcoreStrategic or Co-development PartnerVeladero mine in Argentina is a 50/50 joint venture operation with Shandong Gold. The mine is located in San Juan Province at elevations of 4,000 to 4,850 meters above sea level, approximately 374 kilometers northwest of the city of San Juan.
• Antofagasta PlccoreStrategic or Co-development PartnerZaldívar copper mine in Chile is a 50/50 joint venture with Antofagasta Plc, which operates the mine. The mine is located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometers north of Santiago.
• AngloGold AshanticoreStrategic or Co-development PartnerKibali gold mine in the Democratic Republic of Congo is owned 45% by each of Barrick and AngloGold Ashanti, and 10% by Société Miniére de Kilo-Moto (SOKIMO). The mine is operated by Barrick. Kibali is Africa's largest and greenest gold mine.
• Perenti Limited (Barminco)majorChannel Partner/ Reseller/ DistributorPerenti's underground mining division Barminco secured a A$275 million, 45-month contract to develop Barrick Gold's Fourmile underground mine in Nevada, with work starting in July. Additionally, Barminco has a A$200+ million contract extension for underground operations at Hemlo gold mine in Ontario with extension options until 2029.
• Endeavour MiningminorStrategic or Co-development PartnerBarrick Mining is evaluating a potential London listing for its African business and considering an all-share transaction involving Endeavour Mining. This represents a potential strategic combination of African gold assets.
• Fluor CorporationmajorImplementation/ SI/ Consulting PartnerFluor Corporation leads engineering integration for Barrick's Donlin Gold project in Alaska with specialist contractors WSP, Worley, and Hatch, targeting bankable feasibility study completion in 2027. Fluor was also selected as EPCM for the Reko Diq project.
• Gold Royalty Corp.minorChannel Partner/ Reseller/ DistributorGold Royalty Corp. acquired additional royalty interests in the REN project in Nevada, which is operated by Nevada Gold Mines (Barrick 61.5%, Newmont 38.5%). First gold production at REN is expected in 2026 ramping to 140,000 ounces annually by year-end 2027.
• Silver X Mining Corp.minorChannel Partner/ Reseller/ DistributorSilver X Mining Corp. acquired 100% ownership of the Ccasahuasi gold project in Peru by purchasing the Lily 19 mining concession from Barrick Mining Corporation for US$30,000 cash plus a net smelter return royalty.

Scale indicators20 records

Recent moves11 records

Expansion highlights6 records

Direct peers

• Newmont Corporation: Newmont is the world's largest gold miner by market cap and Barrick's direct competitor across most of its footprint. The two are co-owners of Nevada Gold Mines (Barrick 61.5% / Newmont 38.5%) and Pueblo Viejo (Barrick 60% / Newmont 40%), and overlap in copper-gold porphyry and refractory ore processing—making Newmont the closest comparable on scale, asset quality, and cost structure.
• Freeport-McMoRan: Freeport-McMoRan is a major global copper-gold producer operating large-scale porphyry mines (Grasberg, etc.) with integrated smelting and refining. It is directly comparable to Barrick's copper segment (Lumwana, Reko Diq, Jabal Sayid, Zaldívar) given similar open-pit sulfide flotation processing, copper concentrate offtake models, and exposure to copper-gold co-product economics.
• Agnico Eagle Mines: Agnico Eagle is a senior gold producer with operations across Canada, Mexico, Finland, and Australia, and is among the lowest-cost producers globally. It is directly comparable to Barrick's gold portfolio given similar focus on long-life, high-margin assets and ongoing development projects, and competes with Barrick for Tier 1 gold acquisitions.
• AngloGold Ashanti: AngloGold Ashanti is a global gold producer with major assets in Africa (including Kibali, where it holds a 45% stake alongside Barrick's 45%), the Americas, and Australia. It is a direct peer to Barrick on geographic exposure (especially West and East Africa), open-pit and underground gold mining methods, and reserve scale.
• Gold Fields Limited: Gold Fields is a major gold producer with operations in South Africa, Ghana, Australia, Peru, and Chile, including the South Deep mine and Tarkwa complex. It is a direct peer to Barrick on diversified multi-jurisdictional gold production, heap leach and sulfide processing, and exposure to emerging-market operational risk.
• Kinross Gold Corporation: Kinross Gold is a mid-to-senior gold producer with operations in the Americas and West Africa (notably Tasiast in Mauritania). It is directly comparable to Barrick on open-pit and underground gold mining, multi-jurisdictional footprint, and similar mid-tier cost structure targeting Tier 1 assets.
• Antofagasta Plc: Antofagasta is a major copper miner focused on Chile, operating Los Pelambres, Centinela, and Antucoya, and is Barrick's JV partner at the Zaldívar copper mine (50/50). It is directly comparable to Barrick's copper operations on porphyry open-pit mining, concentrate production, and exposure to copper price cyclicality.
• First Quantum Minerals: First Quantum is a major copper-gold producer with operations in Zambia (Sentinel, Kansanshi—adjacent to Barrick's Lumwana), Panama (Cobre Panamá, currently suspended), and other regions. It is a direct peer on copper open-pit mining, African operational footprint, and exposure to large-capex copper growth projects.
• Shandong Gold Group: Shandong Gold is a major Chinese state-linked gold producer and Barrick's JV partner at the Veladero mine in Argentina (50/50). It is a direct peer on global gold mining and a strategic counterpart for international JV structures involving emerging-market assets.

Emerging players

• Endeavour Mining: Endeavour Mining is a West African-focused gold producer with major assets in Côte d'Ivoire, Burkina Faso, and Senegal. It is an emerging/strategic peer relevant to Barrick's potential African business combination (all-share London listing evaluation) and is comparable on regional operating profile, scale of African gold production, and consolidator strategy in West Africa.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• Xx.com/barrickgold
• Facebookfacebook.com/barrick.gold.corporation
• LinkedInlinkedin.com/company/barrick-gold-corporation
• Instagraminstagram.com/barrick_mining

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries12 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A4 records

Investments11 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Barrick Mining