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Barrick Gold Corp.

http://www.barrick.com/
Barrick Gold Corp.

Founded by well-known Canadian business leader and philanthropist Peter Munk, Barrick was first listed on the Toronto Stock Exchange on May 2, 1983. By 1985, it was one of North America’s top gold producers, pursuing an aggressive growth strategy. A year later, the purchase of the Goldstrike Mine in Nevada set the company on a trajectory to international expansion, acquiring mines in South America, Africa and the Australia Pacific region to become the world’s largest gold producer.
Today, Barrick has a portfolio of operating mines and advanced exploration and development projects on five continents. In addition to the world’s largest gold reserves, Barrick has large land positions on the most prolific and prospective mineral trends.
It also produces copper from the Zaldivar and Lumwana mines and holds other interests, including a nickel development project located in Africa and a copper-gold project in Pakistan. It operates globally, with a portfolio of 27 operating mines and advanced exploration and development projects located across the world, and land positions on some of the prolific and prospective mineral trends.
Barrick’s strategy prioritizes profitable production by focusing on maximizing risk-adjusted rates of return and free cash flow. All capital allocation options, including returns to shareholders, investment in organic growth, acquisitions, and other expenditures, are ranked and prioritized under our disciplined capital allocation framework, which includes the following key objectives:

  • Returns to Shareholders: A commitment to pass through to shareholders the benefits and capital inflow as a result of pursuing this model. 
  • Returns Driving Production: Production decisions are made based on generating appropriate risk-adjusted rates of return and free cash flow as opposed to 'growth for growth's sake'.
  • Aggressive Cost Management: Our sharp focus on cost reduction is an integral part of our disciplined capital allocation framework. 
  • Portfolio Optimization: Scrutinizing our portfolio of assets around the world and divesting those that do not meet specific criteria, including risk-adjusted return thresholds, free cash flow generation, operating performance and reserve life, and investing in assets that do meet these criteria.
  • Reduction of Geopolitical Risk: Focusing on high-return, low cost assets in stable jurisdictions

From exploration to reclamation, modern mining factors in the world around it. We want to build the world’s great mines, so corporate social responsibility is an integral part of our global business strategy.
Barrick continues to be recognized for its strong corporate responsibility culture. In 2013, the company was listed for the sixth consecutive year on the Dow Jones Sustainability World Index. We have also been ranked among the top 100 sustainable companies in the world by NASDAQ, and were named to Corporate Knights Global 100 list of the most sustainable companies.

Contact Us

+1 416 861-9911

http://www.barrick.com/

Brookfield Place, TD Canada Trust Tower 161 Bay Street, Suite 3700, Toronto, Toronto, Canada

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Barrick Gold Corp.

Founded by well-known Canadian business leader and philanthropist Peter Munk, Barrick was first listed on the Toronto Stock Exchange on May 2, 1983. By 1985, it was one of...

http://www.miningglobal.com/company/89/Barrick-Gold-Corp