Barrick Gold Corporation is a mining company based in Toronto, Canada, that specializes in the exploration, development, and production of gold and copper. The company was founded in 1983 by Peter Munk, and its current CEO is Mark Bristow. Barrick's operations are located in North America, South America, Africa, and the Asia Pacific, and its portfolio includes 10 producing mines and numerous exploration and development projects.
The company went public in 1985 with an initial public offering on the Toronto Stock Exchange and the New York Stock Exchange. Since then, Barrick has grown to become one of the world's largest gold mining companies, with a market capitalization of over $40 billion as of May 2023. The company has a history of acquiring and divesting assets, with notable transactions including the acquisition of Placer Dome in 2006 and the merger with Randgold Resources in 2018.
Barrick's mining operations are focused on the extraction of gold and copper from ore deposits using a variety of methods, including open pit and underground mining, heap leaching, and autoclave processing. The company also operates a number of joint ventures with other mining companies, including Newmont Corporation and Ma'aden in Saudi Arabia. In addition to its mining operations, Barrick is involved in exploration and development activities aimed at discovering and advancing new mineral deposits.