Mission Statement, Vision, & Core Values (2024) of Barrick Gold Corporation (GOLD)

Mission Statement, Vision, & Core Values (2024) of Barrick Gold Corporation (GOLD)

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An Overview of Barrick Gold Corporation (GOLD)

General Summary of Barrick Gold Corporation

Barrick Gold Corporation, founded in 1983, is a multinational gold mining company headquartered in Toronto, Canada. The company operates gold and copper mining projects across multiple continents, including North America, South America, Africa, and Australia.

Key Company Details 2024 Information
Headquarters Toronto, Canada
Founded 1983
Global Operations 13 mining sites
Primary Products Gold, Copper

Financial Performance

Barrick Gold Corporation's latest financial report reveals significant financial metrics:

Financial Metric 2023 Value
Total Revenue $11.47 billion
Net Income $2.93 billion
Gold Production 4.3 million ounces
Copper Production 441 million pounds

Industry Leadership

Barrick Gold Corporation stands as a prominent global mining company with substantial market presence.

  • World's second-largest gold mining company by production
  • Operates in 5 countries across multiple continents
  • Consistently ranked among top gold producers globally
Global Ranking 2024 Position
Gold Production Ranking 2nd Globally
Market Capitalization $34.2 billion



Mission Statement of Barrick Gold Corporation (GOLD)

Mission Statement of Barrick Gold Corporation (GOLD)

Barrick Gold Corporation's mission statement focuses on responsible mining, sustainable development, and creating value for stakeholders.

Core Mission Components

Operational Excellence

Barrick Gold targets gold production of 4.6-5.0 million ounces in 2024 with an all-in sustaining cost (AISC) between $1,200-$1,320 per ounce.

Metric 2024 Target
Gold Production 4.6-5.0 million ounces
All-In Sustaining Cost $1,200-$1,320 per ounce

Sustainability Commitment

  • Reduce greenhouse gas emissions by 30% by 2030
  • Invest $100 million in community development programs
  • Maintain 95% local workforce employment rate

Financial Performance

2023 financial highlights:

Financial Metric Amount
Revenue $10.2 billion
Net Income $2.8 billion
Free Cash Flow $1.6 billion

Strategic Priorities

  • Operational Efficiency: Optimize existing assets
  • Technological Innovation: Implement advanced mining technologies
  • Risk Management: Maintain robust governance frameworks



Vision Statement of Barrick Gold Corporation (GOLD)

Vision Statement of Barrick Gold Corporation (GOLD)

Global Leadership in Responsible Gold Mining

Barrick Gold Corporation's vision statement focuses on sustainable and responsible gold production across its global operations.

Strategic Vision Components

Operational Excellence

Key operational metrics for 2024:

Metric Value
Total Gold Production 4.8 million ounces
Total Copper Production 475 million pounds
All-In Sustaining Cost (AISC) $1,050 per ounce
Sustainability Commitments
  • Net-zero carbon emissions by 2050
  • 50% reduction in greenhouse gas emissions by 2030
  • $150 million invested in community development programs
Geographic Diversification
Region Operational Sites Percentage of Production
North America Nevada Gold Mines 35%
Latin America Pascua-Lama, Veladero 25%
Africa Tanzanian, Zambian Operations 40%
Financial Performance Targets
  • Revenue projection: $7.2 billion
  • Free cash flow target: $2.5 billion
  • Debt reduction goal: $500 million



Core Values of Barrick Gold Corporation (GOLD)

Core Values of Barrick Gold Corporation (GOLD)

Safety and Sustainability

Barrick Gold's commitment to safety and sustainability is reflected in its comprehensive safety protocols and environmental management strategies.

Safety Metric 2023 Performance
Total Recordable Injury Frequency Rate 0.67 per million hours worked
Environmental Compliance Incidents 3 minor incidents reported
Carbon Emissions Reduction 15% reduction since 2018

Operational Excellence

Barrick Gold focuses on maximizing operational efficiency and productivity across its global mining operations.

  • Gold Production in 2023: 4.7 million ounces
  • All-In Sustaining Cost (AISC): $1,235 per ounce
  • Total Reserves: 71.4 million ounces

Ethical Business Practices

The company maintains rigorous standards of corporate governance and transparency.

Governance Metric 2023 Performance
Independent Board Members 10 out of 12 board members
Compliance Training 100% employee participation
Whistleblower Reports 12 reports investigated

Community Engagement

Barrick Gold prioritizes meaningful engagement with local communities near its operations.

  • Community Investment: $82.3 million in 2023
  • Local Employment Rate: 67% in host countries
  • Local Supplier Spending: $1.2 billion

Innovation and Technology

The company invests in cutting-edge technologies to improve mining efficiency and sustainability.

Technology Investment 2023 Details
R&D Expenditure $45.6 million
Autonomous Equipment 23% of fleet automated
Digital Transformation Initiatives 7 major technology projects

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