Barrick Gold Corporation engages in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. The company has operating mines or projects in Canada, the United States, the Dominican Republic, Peru, Chile, Argentina, Tanzania, Zambia, Australia, Papua New Guinea and Saudi Arabia. As of December 31, 2015, the company’s total proven and probable gold mineral reserves were 91.9 million ounces. Its total proven and probable copper reserves were 11.7 billion pounds. Operating Segments Cortez Property The Cortez property is located 100 kilometers southwest of the town of Elko, Nevada in Lander and Eureka counties. As of December 31, 2015, the Cortez property encompassed an area of interest of approximately 272,725 hectares. The Cortez property is consisted of the Cortez Hills, Pipeline, Cortez and Gold Acres Complexes. The company’s mining activity is primarily focused on the Cortez Hills and Pipeline Complexes. Goldstrike Property The Goldstrike property is located in Elko and Eureka counties in north central Nevada. As of December 31, 2015, the Goldstrike property comprised 4,198 hectares of surface rights ownership/control (3,420 hectares private and 778 hectares public), and 3,535 hectares of mineral rights ownership/control (2,741 hectares private and 794 hectares public). The Goldstrike property includes a total of 298 unpatented mining and millsite claims to control the public acreage. Pueblo Viejo Mine The Pueblo Viejo mine is an open pit mining operation located in the central part of the Dominican Republic on the Caribbean island of Hispaniola in the province of Sánchez Ramírez. The Pueblo Viejo mine is situated on the Montenegro Fiscal Reserve, an area specially designated by Presidential Decree for the leasing of minerals and mine development, which covers an area of 4,880 hectares at the head of the Arroyo Margajita Valley in the eastern portion of the Cordillera Central. Lagunas Norte Mine The Lagunas Norte mine is an open pit, heap leaching operation located in the Alto Chicama mining district. During 2015, Lagunas Norte completed 6,634 meters of infill drilling in 39 holes with drill spacing of 25 meters. As of December 31, 2015, a total of 1,708 holes and 259,675 meters have been drilled at Lagunas Norte with approximately 74,475 meters of reverse circulation and approximately 184,139 meters of diamond drill. Veladero Mine The Veladero mine is an open pit mine using heap leaching located in San Juan Province, Argentina. The Veladero mining properties cover an area of approximately 14,420 hectares. As of December 31, 2015, the Veladero drilling database was consisted of 288,284 meters of reverse circulation drill holes and 49,533 meters of diamond core drill holes and a total of 4,195 meters of channel samples from declines. Turquoise Ridge (75% basis) Turquoise Ridge is an underground mine that uses underhand drift-and-fill mining methods. The company is the operator of the joint venture. The company has 75% interest in the Turquoise Ridge mine. Porgera (47.5% basis) The Porgera joint venture is an open pit and underground gold mine. Kalgoorlie (50% basis) The Kalgoorlie mine is an open-pit, truck-and-loader operation with an underground component. Newmont Mining Corporation is the operator of the joint venture. The company has 50% interest in the Kalgoorlie mine. Acacia Mining plc (Acacia) (63.9% basis) The company holds 63.9% equity interest in Acacia that owns gold mines and exploration properties in Africa. Acacia’s operations consist of its Bulyanhulu underground mine, its North Mara open pit and underground mine and its Buzwagi open pit mine, all located in Tanzania. Lumwana The Lumwana mine is an open pit copper mine which is located in Zambia. Zaldívar (50% basis) Zaldívar is an open pit heap leach copper mine. The company holds a 50% interest in the Zaldívar mine located in Chile. Pascua-Lama Project The Pascua-Lama property is located on the border of Chile and Argentina, in the Frontera district. Goldrush The company completed a pre-feasibility study for an underground mine at its Goldrush deposit, which is located 6 kilometers southeast of the Cortez Hills mine and 24 kilometers southeast of the Pipeline mine on 100% company-owned property in Nevada. As of December 31, 2015, the Goldrush project had approximately 8.6 million ounces of gold classified as measured and indicated resources and 1.7 million ounces of gold classified as inferred resources. Donlin Gold and Cerro Casale The Donlin Gold project is a large, primarily refractory gold deposit located in Southwestern Alaska. Cerro Casale, on a 75% basis, had approximately 17.4 million ounces of proven and probable gold reserves and 4.3 billion pounds of contained copper as of December 31, 2015. Jabal Sayid Jabal Sayid is an advanced copper project in Saudi Arabia located approximately 350 kilometers northeast of the Red Sea port of Jeddah and 120 kilometers southeast of Medina. In 2014, the company formed a joint venture with Saudi Arabian Mining Company, which is approximately 50% owned by the Saudi Arabian government, to operate the Jabal Sayid project. Jabal Sayid, on a 50% basis, had approximately 698 million pounds of proven and probable copper reserves as of December 31, 2015. Kabanga The company holds 50% interest in the Kabanga project, which is located in Tanzania. Strategy The company’s exploration strategy focuses on finding new discoveries; replacing and adding reserves and resources at its existing operations and development projects; and identifying and delivering exploration upside following acquisitions. Significant Events In September 2016, Barrick Gold Corporation and Cisco have announced that they would partner for the digital reinvention of Barrick's business, bringing together technology and expertise to unleash the full potential of mining. History Barrick Gold Corporation was founded in 1983.
barrick gold corp (ABX:Toronto)
Brookfield Place, TD Canada Trust Tower
161 Bay Street
PO Box 212
Toronto, ON M5J 2S1
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