Barrick Gold Corporation (GOLD) Bundle
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 MiningBarrick Gold Corporation's vision statement focuses on sustainable and responsible gold production across its global operations.
Strategic Vision Components
Operational ExcellenceKey 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 |
- Net-zero carbon emissions by 2050
- 50% reduction in greenhouse gas emissions by 2030
- $150 million invested in community development programs
| Region | Operational Sites | Percentage of Production |
|---|---|---|
| North America | Nevada Gold Mines | 35% |
| Latin America | Pascua-Lama, Veladero | 25% |
| Africa | Tanzanian, Zambian Operations | 40% |
- 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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