Sector: Basic Materials | Industry: Gold |
Company Contact | |
Address: | 161 Bay Street Suite 3700, Suite 3700, P.O. Box 212 TORONTO ON M5J 2S1 |
Tel: | N/A |
Website: | https://www.barrick.com |
IR: | See website |
Key People | ||
John Lawson Thornton Executive Chairman of the Board | Sebastiaan Bock Chief Operating Officer, Africa and Middle East | D. Mark Bristow President, Chief Executive Officer, Director |
Graham Patrick Shuttleworth Chief Financial Officer, Senior Executive Vice President | Joel Holliday Executive Vice President - Exploration | Kevin James Thomson Senior Executive Vice President - Strategic Matters |
Poupak Bahamin General Counsel | Peter Richardson Executive Managing Director - Nevada Gold Mines | Lois Vaness Wark Group Corporate Communications and Investor Relations Executive | Grant Beringer Group Sustainability Executive |
Business Overview |
Barrick Gold Corporation is a Canada-based gold and copper producer. The Company is principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The Company has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the United States. The Company's operations include Nevada Gold Mines, Bulyanhulu, Hemlo, Jabal Sayid, Kibali, Loulo-Gounkoto, Lumwana, North Mara, Porgera, Pueblo Viejo, Tongon, Veladero and Zaldivar. Its Bulyanhulu operation is located in north-west Tanzania, approximately 55 kilometers (km) south of Lake Victoria and 150 km southwest of the city of Mwanza. The Hemlo operation is located north of Lake Superior on the Trans-Canada Highway, approximately 35 km east of Marathon, Ontario, and it is an underground operation. |
Financial Overview |
For the fiscal year ended 31 December 2023, Barrick Gold Corp (USA) revenues increased 3% to $11.4B. Net income increased from $432M to $1.27B. Revenues reflect Cortez segment increase of 32% to $1.74B, United States segment increase of 9% to $6.05B. Net income benefited from Impairment of other intangibles decrease from $1.19B (expense) to $0K. Dividend per share decreased from $0.65 to $0.40. |