- Business
- Barrick Mining Corporation engages in the exploration, development, production and sale of gold and copper. The company produces gold doré and concentrates from Tier One assets including Nevada Gold Mines (61.5% interest, United States), Pueblo Viejo (60%, Dominican Republic), Loulo-Gounkoto (80%, Mali), Kibali (45%, Democratic Republic of Congo), North Mara and Bulyanhulu (100%, Tanzania), Veladero (50%, Argentina) and Porgera (47.5%, Papua New Guinea); copper concentrates from Lumwana (100%, Zambia), Zaldívar (50%, Chile) and Jabal Sayid (50%, Saudi Arabia); and silver as a by-product. It operates mines and projects across North and South America, Africa, the Middle East and Asia-Pacific.
Founded in 1983 and headquartered in Toronto, Canada, Barrick Mining trades on the New York Stock Exchange (B) and Toronto Stock Exchange (ABX), with its ABR.DE listing on German exchanges. The company rebranded from Barrick Gold Corporation in May 2025 to reflect its evolution into a diversified gold and copper producer, aligning with expansions such as the Reko Diq copper-gold project (50% interest, Pakistan; Phase 1 production targeted for 2028).
Recent developments include a June 2025 $440 million equipment agreement with Komatsu for Reko Diq, finalization of the Tongon mine divestiture in Côte d'Ivoire to Atlantic Group in December 2025, resolution of the Mali mining code dispute in November 2025 restoring full control of Loulo-Gounkoto, leadership transition with Mark Hill as interim President and CEO in September 2025 following Mark Bristow's departure, and board changes appointing Loreto Silva as Lead Independent Director in November 2025. In December 2025, Barrick authorized evaluation of an initial public offering for a new subsidiary holding its North American assets including Nevada Gold Mines, Pueblo Viejo and Fourmile, retaining majority control to unlock value amid activist pressure from Elliott Investment Management.