Key Stats
Founded: May 2, 1983 in Toronto, Canada
Headquarters: Toronto, Ontario, Canada
CEO: Mark Hill (Interim, since September 2025)
Employees: Approximately 22,000 worldwide
Stock Tickers: NYSE: GOLD | TSX: ABX
Barrick Gold Corp operates as one of the largest gold mining companies globally, with operations spanning 18 countries across five continents. The company produces gold from six Tier One mines and generates significant copper output from operations in Zambia and Saudi Arabia.
The Toronto-based miner operates through segments including Nevada Gold Mines, a joint venture with Newmont Corporation. Barrick also develops major projects including the Reko Diq copper-gold deposit in Pakistan and the Lumwana Super Pit expansion in Zambia.
The company generated $12.9 billion in revenue during 2024 and reported net earnings of $2.14 billion. Barrick trades on both the New York Stock Exchange under symbol GOLD and Toronto Stock Exchange under symbol ABX.
Barrick Gold Corp History
Barrick Gold Corp traces its origins to a small oil and gas company founded by Hungarian-born Canadian entrepreneur Peter Munk. After experiencing significant losses in the energy sector during the early 1980s, Munk pivoted the company toward gold mining. On May 2, 1983, Barrick Resources Corporation became a publicly traded company on the Toronto Stock Exchange.
The company made its first acquisition in 1984 with the Renabie mine near Wawa, Ontario. That same year, Barrick acquired Camflo Mining despite skepticism about the company’s ability to assume approximately $100 million in debt. Barrick repaid the entire debt within nine months.
1983
Peter Munk founded Barrick Resources Corporation. The company listed on the Toronto Stock Exchange on May 2, marking its transition from oil and gas to gold mining.
1986
Acquired the Goldstrike mine in Nevada on the Carlin Trend, estimated to hold 100 million troy ounces of gold. Company renamed to American Barrick Resources.
1987
Listed on the New York Stock Exchange in February, expanding access to American investors and capital markets.
1994
Acquired Lac Minerals in a friendly takeover, becoming the third-largest gold mining company in the world with properties across North and South America.
1995
Company name changed to Barrick Gold Corporation, reflecting its position as a pure gold mining company.
2001
Acquired Homestake Mining Company for $2.3 billion in stock, one of the oldest mining companies in the United States. The purchase made Barrick the second-largest gold producer globally.
2006
Completed $10.4 billion acquisition of Placer Dome Inc., becoming the world’s largest gold producer with operations across multiple continents.
2009
Created the largest stock offering in Canadian history at $3.5 billion. Revenue used to eliminate gold hedges and sell production at market prices.
2019
Completed merger with Randgold Resources for $6.5 billion. Formed Nevada Gold Mines joint venture with Newmont, creating the world’s largest gold mining complex.
2025
Company rebranded to Barrick Mining Corporation, dropping “Gold” from its name to reflect diversification into copper. CEO Mark Bristow departed in September.
Barrick Gold Corp Founder
Peter Munk (1927-2018)
Hungarian-born Canadian businessman who founded Barrick in 1983. Munk transformed a struggling oil and gas company into the world’s largest gold producer through strategic acquisitions and operational excellence.
Barrick Gold Corp Competitors
Barrick Gold Corp competes with major global mining companies for reserves, production capacity, and investor capital. The gold mining industry has consolidated significantly over the past decade through mergers and acquisitions.
| Company | Headquarters | Primary Products |
|---|---|---|
| Newmont Corporation | Denver, Colorado, USA | Gold, Copper, Silver |
| Agnico Eagle Mines | Toronto, Canada | Gold |
| Kinross Gold | Toronto, Canada | Gold, Silver |
| Gold Fields Limited | Johannesburg, South Africa | Gold |
| AngloGold Ashanti | London, United Kingdom | Gold |
| Freeport-McMoRan | Phoenix, Arizona, USA | Copper, Gold, Molybdenum |
| Rio Tinto | London, UK / Melbourne, Australia | Iron Ore, Copper, Aluminum |
| Harmony Gold Mining | Randfontein, South Africa | Gold, Copper |
| Eldorado Gold | Vancouver, Canada | Gold |
| Zijin Mining Group | Shanghang, China | Gold, Copper, Zinc |
Barrick Gold Corp Revenue
Barrick Gold Corp generated $12.9 billion in revenue during 2024, representing a 13% increase from the prior year. Higher gold and copper prices drove the revenue growth alongside stable production volumes.
Barrick Gold Corp Annual Revenue (in Billions USD)
Barrick Gold Corp Acquisitions
Barrick Gold Corp built its position as an industry leader through strategic acquisitions spanning four decades. The company has completed more than a dozen major transactions that expanded its reserve base and production capacity across multiple continents.
The 1994 acquisition of Lac Minerals marked a turning point for Barrick. The friendly takeover gave Barrick properties throughout North and South America and elevated the company to the third-largest gold producer globally. Two years later, Barrick purchased Arequipa Resources for $800 million, gaining the Pierina mine in Peru.
In 2001, Barrick acquired Homestake Mining Company through a $2.3 billion stock transaction. Homestake was one of the oldest mining companies in the United States with roots dating back to the 1870s South Dakota gold rush. This deal pushed Barrick to the second-largest gold producer worldwide.
The 2006 Placer Dome acquisition for $10.4 billion transformed the industry landscape. The transaction made Barrick the world’s largest gold producer, a position it held until Newmont acquired Goldcorp in 2019. Placer Dome brought significant assets in Nevada, Australia, and South Africa into the Barrick portfolio.
The 2018 merger with Randgold Resources valued at $6.5 billion reunited Barrick with world-class African assets. Mark Bristow, founder of Randgold, became CEO and led the company until September 2025. The following year, Barrick formed the Nevada Gold Mines joint venture with Newmont, creating the largest gold mining complex in the world with Barrick owning 61.5% and operating the business.
Barrick Gold Corp Marketcap
Barrick Gold Corp maintains a market capitalization of approximately $85 billion as of January 2026. The company has benefited significantly from record gold prices exceeding $4,000 per ounce during 2025.
Barrick Gold Corp Market Capitalization (in Billions USD)
FAQs
When was Barrick Gold Corp founded?
Barrick Gold Corp was founded on May 2, 1983, when Peter Munk listed Barrick Resources Corporation on the Toronto Stock Exchange. The company transitioned from oil and gas operations to gold mining.
Who is the CEO of Barrick Gold Corp?
Mark Hill serves as interim president and CEO of Barrick Gold Corp since September 2025. He replaced Mark Bristow, who resigned after nearly seven years leading the company.
What is Barrick Gold Corp market capitalization?
Barrick Gold Corp has a market capitalization of approximately $85 billion as of January 2026. The company trades on NYSE under symbol GOLD and TSX under symbol ABX.
Where is Barrick Gold Corp headquarters located?
Barrick Gold Corp headquarters is located in Toronto, Ontario, Canada. The company operates mining projects across 18 countries on five continents from this central location.
What does Barrick Gold Corp produce?
Barrick Gold Corp produces gold from six Tier One mines worldwide and copper from operations in Zambia and Saudi Arabia. The company also develops gold-copper projects in Pakistan.
