Executive Salary
avg.$134,760
Barrick Gold Corporation
Production and Processing of Raw Materials/Extraction, Processing of Rock and Soil
Toronto, Canada
Description
Barrick Mining Corporation, founded in 1983, is a publicly traded gold and copper mining company headquartered in Toronto, Ontario, Canada. It employs approximately 26,800 people and conducts mining operations and projects primarily focused on B2B markets. The company's annual revenue is approximately $12.92 billion. Barrick operates multiple mining sites and projects across various regions, emphasizing the extraction and processing of precious metals. Its business model centers on gold and copper production, serving industries that require these materials for manufacturing, investment, and industrial applications. As a leading entity in the mining sector, Barrick is listed on the stock exchange and maintains a significant presence in the global mining industry.
Experteer Insights
Experteer Briefing
Company Trajectory
Barrick Mining Corporation, founded in 1983, is headquartered in Toronto, Ontario, Canada. Originally established as a gold mining operation, the company has grown to become a leading figure in the mining industry. Over the years, Barrick has achieved significant milestones, including strategic expansions into new markets and the development of subsidiaries, strengthening its status as a global enterprise. The company’s evolution reflects adaptability in response to changes in both commodity prices and industry expectations, positioning Barrick for continued industry leadership as it explores further opportunities in mining.
Financial Setup
Operating as a publicly traded entity, Barrick Mining Corporation employs approximately 26,800 personnel worldwide. The company primarily serves business clients through its large-scale gold and copper mining operations and projects. Barrick's business model has evolved from a primary focus on gold to include copper, reflecting diversification efforts and growing market demand. The workforce reflects the global scale of the company’s operations, and the focus on B2B activities supports stable revenue streams throughout market cycles.
Development & Outlook
In recent years, Barrick Mining Corporation has continued to invest heavily in both gold and copper mining projects, reinforcing its standing in the sector. The company demonstrates a strong commitment to sustainability, exemplified by its membership in The International Leadership Council (ILC) of The Nature Conservancy and contributions to wildlife conservation in the Kaijende Highlands, Papua New Guinea. These initiatives underline Barrick’s broader vision of integrating environmental stewardship with resource development, an approach that is shaping its future direction and reinforcing its reputation among stakeholders and the wider industry.
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