$18.67, Market Cap of $32.1 billion.
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Description
Barrick Mining Corporation engages in the exploration, development, production, and sale of mineral properties.
The company explores for gold, copper, silver, and energy materials. The company was formerly known as Barrick Gold Corporation and changed its name to Barrick Mining Corporation in May 2025.
Barrick Mining Corporation was founded in 1983 and is based in Toronto, Canada.
Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry โ including six of the worldโs Tier One gold mines โ Barrickโs operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol โBโ and on the Toronto Stock Exchange under the symbol โABXโ.ย
Recent News
Barrick Is Now โBโ on the NYSE GlobeNewswire | 05/09/2025
Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives GlobeNewswire | 05/07/2025
Gold Stocks Are Quietly Outperforming the Rest of the Market PR NEWSWIRE | 04/24/2025
Barrick Announces Sale of Stake in Donlin Gold Project for Up To $1.1 Billion GlobeNewswire | 04/22/2025
Presentation
Website
Wall Street & Bay Street
Contacts
Enquiries
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email:ย barrick@dpapr.com
Disclaimer
Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes โforward-looking statementsโ. All statements, other than statements of historical fact, are forward-looking statements. The words โbelieveโ, โexpectโ, โstrategyโ, โtargetโ, โplanโ, โcommitmentโ, โramp upโ, โopportunitiesโ, โguidanceโ, โprojectโ, โprogressโ, โexpandโ, โinvestโ, โcontinueโ, โprogressโ, โdevelopโ, โon trackโ, โongoingโ, โestimateโ, โgrowthโ, โpotentialโ, โfutureโ, โextendโ, โwillโ, โcouldโ, โwouldโ, โshouldโ, โmayโ and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrickโs forward-looking production guidance and our five and ten-year production profiles for gold and copper; projected capital, operating and exploration expenditures; our ability to convert resources into reserves and replace reserves net of depletion from production; anticipated timing for first production at Reko Diq; expected benefits from the Pueblo Viejo expansion project, including projected increases in production; Barrickโs ability to complete and expected benefits from the sale of its 50% interest in Donlin; Barrickโs planned divestments of Tongon and Hemlo; the potential for Fourmile, Reko Diq and Lumwana to become Tier One assets; mine life and production rates, including anticipated production growth from Barrickโs organic project pipeline; Barrickโs global exploration strategy and planned exploration activities, including in Canada; Barrickโs copper strategy; our plans, and expected timing, completion and benefits of our growth projects; potential mineralization and metal or mineral recoveries; the status of negotiations with the Government of Mali in respect of ongoing disputes regarding the Loulo-Gounkoto Complex and Barrickโs commitment to reach a mutually acceptable solution; Barrickโs strategy, plans, targets and goals in respect of environmental and social governance issues, including local community relations, planned resettlement activities at Pueblo Viejo, economic contributions and education, employment and procurement initiatives, tailings management, climate change and biodiversity initiatives; Barrickโs talent management strategy; Barrickโs performance dividend policy and share buyback program; and expectations regarding future price assumptions, financial performance and other outlook or guidance.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as at the date of this press release in light of managementโs experience and perception of current conditions and expected developments, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; risks related to the possibility that future exploration results will not be consistent with the Companyโs expectations, that quantities or grades of reserves will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of the initiatives described in this press release are still in the early stages and may not materialize; changes in mineral production performance, exploitation and exploration successes; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, including the status of value added tax refunds received in Chile in connection with the Pascua-Lama Project; expropriation or nationalization of property and political or economic developments in Canada, the United States, Mali or other countries in which Barrick does or may carry on business in the future; risks relating to political instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure to comply with, necessary permits and approvals; non-renewal of key licenses by governmental authorities; failure to comply with environmental and health and safety laws and regulations; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations related to greenhouse gas (โGHGโ) emission levels, energy efficiency and reporting of risks; the Companyโs ability to achieve its sustainability goals, including its climate-related goals and GHG emissions reduction targets, in particular its ability to achieve its Scope 3 emissions targets which require reliance on entities within Barrickโs value chain, but outside of the Companyโs direct control, to achieve such targets within the specified timeframes; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; the liability associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such losses; damage to the Companyโs reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Companyโs handling of environmental matters or dealings with community groups, whether true or not; risks related to operations near communities that may regard Barrickโs operations as being detrimental to them; litigation and legal and administrative proceedings; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and disruptions in the maintenance or provision of required infrastructure and information technology systems; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; risks associated with working with partners in jointly controlled assets; risks related to disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key mining inputs due to the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with artisanal and illegal mining; risks associated with Barrickโs infrastructure, information technology systems and the implementation of Barrickโs technological initiatives, including risks related cybersecurity incidents, including those caused by computer viruses, malware, ransomware and other cyberattacks, or similar information technology system failures, delays and/or disruptions; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation, including global inflationary pressures driven by ongoing global supply chain disruptions, global energy cost increases following the invasion of Ukraine by Russia and country-specific political and economic factors in Argentina; adverse changes in our credit ratings; fluctuations in the currency markets; changes in U.S. dollar interest rates; changes in U.S. trade, tariff and other controls on imports and exports, tax, immigration or other policies that may impact relations with foreign countries, result in retaliatory policies, lead to increased costs for raw materials and components, or impact Barrickโs existing operations and material growth projects; risks arising from holding derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); risks related to the demands placed on the Companyโs management, the ability of management to implement its business strategy and enhanced political risk in certain jurisdictions; uncertainty whether some or all of Barrick’s targeted investments and projects will meet the Companyโs capital allocation objectives and internal hurdle rate; whether benefits expected from recent transactions are realized; business opportunities that may be presented to, or pursued by, the Company; our ability to successfully integrate acquisitions or complete divestitures; risks related to competition in the mining industry; employee relations including loss of key employees; availability and increased costs associated with mining inputs and labor; risks associated with diseases, epidemics and pandemics; risks related to the failure of internal controls; and risks related to the impairment of the Companyโs goodwill and assets.
