In , we continued to expand our projects through the acquisition of a 51percent interest in the Cerro Casale copper-gold deposit in Chile, and a package of exploration licenses in Papua New Guinea from Highlands Pacific. We also increased our interest in the Porgera mine from 75percent to 95percent. In , we increased our ownership in the Cortez mine and Cortez Hills project from 60percent to percent. In , our strategic targets focused on share price performance, creating a high performance organization, responsible mining, advancing our inventory of projects and meeting our financial and operating targets with a focus on core areas such as production, cost control, and increasing reserves.
Our successes in each of these areas have laid the foundation for our key areas of focus: share price performance, growth, financial strength and flexibility, operational excellence, respect for our people, ensuring our license to operate and continuing to build and maintain a high performance organization. Each RBU operates as a standalone business unit with a range of functional groups. Since their inception, the RBUs have added value to our business by realizing operational efficiencies in the region, allocating resources more effectively and understanding and better managing the local business environment, including labor, consumable costs and supply and government and community relations.
Our inventory of advanced exploration targets and development projects represents an important component of our long-term strategy of growing our reserves and resources. Our exploration is focused on prospective land positions and we prioritize exploration targets to optimize the investment in our exploration programs. An economic discovery is no longer a guarantee of a new mine, as considerable opposition to new mining projects can develop from institutional NGOs or unstable political climates.
The development of a new mine requires successful permitting and government relations, community dialogue and engagement, and significant financial and human capital. In Tanzania Barrick has been at the receiving end of significant crisis from NGOs, mine workers and certain individuals in government circles. There are differences between government departments, with the Ministry of Energy and Minerals being supportive of the companies while some others want to see more reform.
It is alleged amongst others that the company pays taxes and royalties equivalent to only 13 percent of its export sales and that it is not treating its workers well. The Buzwagi contract, like previous mining agreements with the company, is secret. The agreement was signed by the government in the middle of the supposed review of mining contracts and after the President had said that no new mining agreements would be signed until the review had been completed. Meanwhile the North Mara Gold Mine has been invaded several times by dissatisfied locals.
The MPs also criticised the government for not revoking tax exemptions on mining companies following the revocation of a Government Notice that allowed the benefit. The Buzwagi project is the first of a new generation of low cost mines. Research Research Research activity and project outlines. About IDE. Input-Output Tables Download. Household Data on Microcredit Study in Indonesia. African Page. Manual Report. CSR Report.
BOP Report. China in Africa. Barrick Gold Corporation. Company Profile and History. Barrick shares are traded on the Toronto and New York stock exchanges Barrick Gold has its origins in Barrick Petroleum Corporation which was founded in In Country Location.
Services and Products. Gold and Copper mining. Number of Employees. Financial Information. Kevin James Thomson. New Stories. Lawmakers in Democratic Republic of Congo have asked Barrick Gold Corp to secure the perimeter of its Kibali gold mine after a protest last month over the eviction of people living on the company's concession turned deadly. At least one person was killed during protests last week against evictions of people in illegal settlements near Barrick Gold Corp's Kibali gold mine in northeast Democratic Republic of Congo, the local governor's office said on Monday.
At least one person was killed during protests against evictions near Barrick Gold Corp's Kibali gold mine in northeast Democratic Republic of Congo last week, the local governor's office said on Monday. Canada's commodities-heavy main stock index hit a one-month high at open on Thursday, aided by energy and mining shares, while Barrick Gold gained on a rise in third-quarter gold production. Canada's Barrick Gold Corp has discovered geological extensions at its Kibali gold mining joint venture in Democratic Republic of Congo that will prolong the life of the mine to , Chief Executive Mark Bristow said in an interview.
Barrick Gold Corp, said on Monday it was not expecting a major hit from inflation this year and stuck to its full-year forecasts as prices for the yellow metal tick up.
Barrick Gold Corp, on Monday reported a slightly higher second-quarter profit from the first, as higher prices for the yellow metal offset rising costs and lower output.
Egypt has signed four contracts with Barrick Gold for gold exploration in the country's Eastern Desert, the ministry of petroleum and mineral resources said on Tuesday.
Miner Barrick Gold Corp has resumed surface operations including processing at its Hemlo mine in Canada's Ontario province after a worker fatality last week suspended mining, a company spokeswoman said on Tuesday.
Barrick Gold Corp, said on Thursday second-quarter gold production fell 5. Canada's Barrick Gold is working to resolve legal and fiscal issues with the new government in Democratic Republic of Congo, its chief executive said on Friday. Civil society groups on Tuesday urged Canada's Barrick Gold Corp to halt expansion of its Pueblo Viejo gold mine in the Dominican Republic, citing risks posed by increased mine waste and threats to local communities' rights.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes. Latest Trade Change 0. Volume , Pricing Previous Close. Today's High. Today's Low. Shares Out MIL. Market Cap MIL. Latest Developments More. About Barrick Gold Corp USA Barrick Gold Corporation is a gold mining company principally engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development.
Key Stats 2. Return on Investment TTM. Return on Equity TTM.
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