Barrick Gold Corporation

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Barrick Gold Corp.
Barrick Gold Corporation logo.jpg
Founded 1983
Headquarters Toronto, Canada
Key People Peter Munk Founder & Chairman of the Board, Aaron Regent President & Chief Executive Officer
Products Gold exploration and production
Website www.barrick.com
Releases Company News

Barrick Gold Corporation is a Toronto, Canada - based company founded in 1983, engaged in the production and exploration of gold. The company is a gold industry leader, with 25 operating mines and a pipeline of large, long-term projects located across five continents, in addition to large land positions on some of the most prolific mineral districts.[1]

In 2009, Barrick produced 7.42 million ounces of gold at total cash costs of $466 per ounce or net cash costs of $363 per ounce and 393 million pounds of copper at total cash costs of $1.17 per pound2.

The company is targeting organic growth in gold production to 9.0 million ounces by 2015, once its world class Pueblo Viejo and Pascua-Lama projects come onstream, and as additional opportunities are developed around existing mine sites.

Barrick Gold Corp. is a member of the World Gold Council.[2]

History

The company was founded in 1983 and is based in Toronto, Canada

On July 16, 2014, the company unveiled a new executive management structure in which its president and chief executive Jamie Sokalsky would step down effective Sept. 15 and the position would be filled by senior executive vice-president Kelvin Dushnisky and executive vice-president Jim Gowans, acting as co-presidents.[3]

Under Sokalsky, who took the job after the sudden exit of Aaron Regent, Barrick sold off less-profitable mines, cut operating costs and reduced debt.

Products and Services

Barrick Gold Corporation primarily engages in the production and sale of gold, as well as related activities such as exploration and mine development worldwide.[4]

The company has a portfolio of 26 operating mines and a pipeline of projects located across various continents, including North America, South America, Australia, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. In addition, its products include copper cathode, silver, nickel, and platinum.

Key People

References

  1. Company Profile. Barrick Gold Corp..
  2. World Gold Council Members List. World Gold Council.
  3. Barrick Gold ousts CEO Sokalsky in major shakeup. Mining.com.
  4. Barrick Gold Corporation Business Summary. Yahoo Finance.