How many ounces of gold does Barrick make a year?
How many mines does Barrick Gold have? The massive mining operation comprises 8 mines along with their associated infrastructure and processing facilities. Nevada Gold Mines is operated by Barrick.
Where is Barrick Gold’s Goldstrike mine?
Nevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined our significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world. Nevada Gold Mines is operated by Barrick.
How many mines does Barrick own in Nevada?
Production. 420 - 470. Million Pounds. Forecast. Cost of Sales. $2.20 - $2.50. /Pound. Copper cost of sales per pound is calculated as cost of sales across our copper operations divided by pounds sold (both on an attributable basis using Barrick’s ownership share).
What happened to Barrick Gold?
Barrick has gold and copper mining operations and projects in 13 countries in North and South America, Africa, Papua New Guinea and Saudi Arabia. Our diversified portfolio spans many of the world’s prolific gold districts and is focused on high-margin, long-life assets.
Where does Barrick Gold have mines?
It has mining operations in Argentina, Canada, Chile, Côte d'Ivoire, Democratic Republic of the Congo, Dominican Republic, Mali, Papua New Guinea, Saudi Arabia, Tanzania, the United States and Zambia.
Does Barrick Gold have mines in Russia?
Barrick has been active in Russia since 1996 when it established an exploration office. More recently, the Company has stepped up its activity having acquired stakes in such mining companies as Highland Gold and Celtic Resources.Apr 14, 2005
How many mines does gold fields have?
Gold FieldsTypePublicNumber of locationsSouth Africa (one mine), Ghana (two mines), Australia (four mines), Peru (one mine)Key peopleCheryl Carolus, Chairperson Chris Griffith, CEO Paul Schmidt, CFOProductsGoldRevenue$ 2.578 billion (FY 2018)8 more rows
How many mines does new gold have?
two minesAs of 2020, New Gold operates two mines: New Afton - The New Afton gold-silver-copper mine is an underground (block cave) mine located within the footprint of the Afton mine, 10 km west of Kamloops, British Columbia, Canada.
Who is the CEO of Barrick Gold?
Mark Bristow (Jan 1, 2019–)Barrick Gold / CEODennis Mark Bristow is a South African businessman, the President and CEO at Barrick Gold Corporation. He was previously the Founder and CEO at Randgold Resources, which was purchased by Barrick in 2018. Wikipedia
Does Barrick refine gold?
The company has operations in Canada, which include Copper, Open pit mining, Illegal mining, Industrial Contracting, Mining Companies, Prospecting, exploration and extraction of mineral resources, Metals processing, smelting, refining and metal products , Underground mining, Licensing & Concessions, Types of mining and ...
Who owns Gold Fields Ltd?
Ownership of Business Gold Fields Ghana, which holds the interest in the Tarkwa mine, is owned 71.1% by Gold Fields, 18.9% by IAMGold and 10.0% by the government of Ghana.
Who owns Gold Fields?
Barrick Gold Corporation acquired a majority interest in Placer Dome Inc. Gold Fields Limited (GFI) acquired Barrick's 50% JV interest in the PDWA JV and in 2007, GFI acquired all remaining WAL shares and consequently owns 100% of South Deep gold mine.
Is there any gold mines in India?
The largest reserves of gold ores are located in Bihar (44 per cent), followed by Rajasthan (25 per cent), Karnataka (21 per cent), West Bengal (3 per cent), Andhra Pradesh (3 per cent), Jharkhand (2 per cent). The remaining 2 per cent reserves are in Chhattisgarh, Madhya Pradesh, Kerala, Maharashtra and Tamil Nadu.Jul 28, 2021
Who owns the New Afton mine?
New Gold Inc.The mine is underground and is owned and operated by New Gold Inc. In 2019, the mine produced an output of 79,000,000 pounds (36,000,000 kg) of copper, and 69,000 ounces of gold. The Afton Group covers 61 claims on 12,450 hectares (124.5 km2) of property....New Afton mine.LocationDiscovered1897Opened2012OwnerCompanyNew Gold11 more rows
Who owns New Gold Inc?
Renaud Adams Adams has been the President and CEO of New Gold Inc. since 2018 and has over 25 years of experience in the mining industry. He was the President and Chief Executive Officer of Richmont Mines Inc.
Is New Gold unionized?
great place to work for salary and benefits This is a mine site with no Union so job advancement was hard to achieve. The culture their is to save your own butt, so the safety culture was ok. The salary was hard to get increments as its based on your safety and attendance and equipment damage.
Our vision is to create long-term value for all of Nevada
The profitability of our business and our corporate social responsibility go hand in hand. By supporting our employees, suppliers and stakeholders — while minimizing the environmental impacts of our operations — we bring sustainable long-term social and economic benefits to Nevada.
Virtual Site Visit & Investor Day
Teams from across Nevada Gold Mines delivered presentations on the operations and the exciting growth prospects throughout the organization.
2021 Outlook
Land of adventures, Elko offers countless amenities with a small-town feel.
2020 Performance
Land of adventures, Elko offers countless amenities with a small-town feel.
Reserves & Resources
Land of adventures, Elko offers countless amenities with a small-town feel.
Gold Operations
Cost of sales applicable to copper per pound is calculated using cost of sales applicable to copper including our proportionate share of cost of sales attributable to equity method investments (Zaldívar and Jabal Sayid), divided by consolidated copper pounds (including our proportionate share of copper pounds from our equity method investments).
Copper Operations
Cost of sales applicable to copper per pound is calculated using cost of sales applicable to copper including our proportionate share of cost of sales attributable to equity method investments (Zaldívar and Jabal Sayid), divided by consolidated copper pounds (including our proportionate share of copper pounds from our equity method investments).
Zero Harm Workplace
Because our people are our greatest asset, safety is of paramount importance. It is inherent in every part of our business and is everyone’s responsibility to adhere to our safety standards. As a business, it is an integral requirement to not only ensure the safety of our employees, but also the communities in which we operate.
Responsible and Accountable
Act as owners, respect each other as peers and work as a team towards achieving our mission (One Team, One Mission). Take initiative. Own up to mistakes and learn from them. Drive change. Lead by example and always look for ways to make things better.
Partnerships
We foster genuine partnerships and deliver on our commitments to partners. Earn trust, and create transparency to build and enhance enduring partnerships between our employees, shareholders, stakeholders and with the countries and local communities in which we operate.
Build a Sustainable Legacy
We earn our social license by being a valued member of our host communities by creating economic activity. We manage the impact of our operations and strive to be the industry leader in safety, health and environmental practices.
Results Driven
We are results-driven through agile decision-making and disciplined execution. Keep it simple and deliver fit-for-purpose solutions.
World-Class People
Attract and develop strong, world-class people who are informed and involved in the processes of the company. Who act with integrity, and are tireless in their pursuit of excellence.
Be Honest, Transparent and Act with Integrity
We communicate directly, honestly and transparently. Create platforms to enable employees to feel free to voice their opinions. Act with integrity, always.
Barrick Reaches Agreement to Sell the Lagunas Norte Mine
Toronto – Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today announced it has reached an agreement to sell its 100% interest in the Lagunas Norte mine in Peru ("Lagunas Norte") to Boroo Pte Ltd (Singapore) ("Boroo") for a total consideration of up to $81 million, plus the assumption by Boroo of Barrick’s closure liability relating to Lagunas Norte of $226 million backed by an existing $173 million bonding obligation..
Endnote 1
A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve.
Cautionary Statement on Forward-Looking Information
Certain information contained in this press release, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements.
Environment
At Nevada Gold Mines, we recognize the importance of managing and minimizing these impacts. With a strong track record regarding environmental remediation and reclamation, we are a committed custodian of the unique lands, waters, flora and fauna of our state.
Greenhouse Gas Emissions
In support of Nevada’s carbon-reduction objectives, we are converting our TS Power Plant to a dual fuel process, allowing the facility to generate power from natural gas. This conversion will enable the facility to eliminate about 650,000 metric tons of carbon dioxide emissions per year.
Water
Nevada is a dry area with limited surface water, and many residents rely on water pumped from deep aquifers.
Conservation
Nevada Gold Mines is an active participant in both Nevada’s Conservation Credit System and Barrick’s Bank Enabling Agreement, which address residual impacts to Greater Sage-grouse and other sage obligate species.
Biodiversity Action Plans
Nevada Gold Mines is developing Biodiversity Action Plans (BAPs) for all our operating sites in Nevada.
Ranches
Nevada Gold Mines owns several ranches within the area we operate and recognizes their importance to the rural economy and way of life. Seven of these ranches are leased to other operators.
Recycling and Waste Management
In 2020, we have recycled more than 17,000 metric tons of waste – that’s 3.75 million pounds – generated by mining operations. More than 75% of the recycled material was scrap metal, including steel, iron, tin, copper, brass and other metals.
Overview
History
Barrick Gold Corporation evolved from a privately held North American oil and gas company, Barrick Resources. After suffering financial losses in oil and gas, founder Peter Munk (1927–2018) decided to refocus the company on gold. Barrick Resources Corporation became a publicly traded company on May 2, 1983, listing on the Toronto Stock Exchange.
The company was set up not as a conventional mining company, but a mergers and acquisition…
Berkshire Hathaway
Berkshire Hathaway disclosed that it purchased $562 million in shares of Barrick during the second quarter of 2020, immediately making it the eleventh-largest shareholder in the company. The new position is 20.9 million shares, which is 1.2% of the company's outstanding stock. Berkshire CEO Warren Buffett and his key business partner Charlie Mungerhave a history of dismissing gold as an attractive investment, saying a fine business run by good managers with c…
Carbon footprint
Barrick Gold reported Total CO2e emissions (Direct + Indirect) for 31 December 2020 at 7,351 Kt. It has set a greenhouse gas emissions reduction target of 30% and will be net-zero carbon emissions by 2050. At its operations in the United States, Barrick is transitioning away from coal to natural gas and solar power, in an effort to reduce emissions. Mining companies had been coming under pressure from climate-focused investors to set decarbonizationtargets. The globa…
Mining practices
Environmental and human rights violations have taken place around a number of mining operations that are now closed or were previously operated by a different company, including violence in Papua New Guinea and Tanzania. Forty people were arrested in Chile following a demonstration against the potential environmental impacts of a mining project that has not been built. Executives of Acacia Mining, which had mining operations in Tanzania and was acquired i…
See also
• Gregory Charles Wilkins
• Porgera Gold Mine
• Pueblo Viejo mine
• Veladero mine
Further reading
• Rohmer, Richard (1997). Golden Phoenix: The Biography of Peter Munk. Toronto: Key Porter Books. ISBN 1-55013-912-6.
External links
• Official website
• Business data for Barrick Gold: