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Barrick Gold Corp (USA) (K:GOLD)

Business Focus: Gold Mining

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.