# BARRICK MINING CORP

Summary updated: 2026-10-02T10:34:00.597709Z
Canonical: https://finbar.com/research/companies/barrick-mining

## Overview

Barrick Mining Corporation is a gold and copper mining company engaged in exploration, mine development, production and sales. Its portfolio includes gold and copper mines and projects across multiple regions, with operations and projects spanning 17 countries on five continents. [1](https://app.finbar.com/go?id=P136408710)[2](https://www.barrick.com/operations/default.aspx) Barrick’s stated purpose is to build “the world’s most valued gold and copper company” by owning strong assets, developing its people, and delivering returns and benefits to stakeholders. [3](https://www.barrick.com/about/default.aspx)

The company reported 2025 revenue of US$16.956 billion and 60,070 people worldwide at year-end 2025. [4](https://app.finbar.com/go?id=T15637396)[5](https://www.barrick.com/English/news/news-details/2026/barrick-delivers-15-billion-in-economic-contributions-to-host-countries-in-2025/default.aspx) Barrick traces its founding to 1983. [6](https://www.barrick.com/English/news/news-details/2017/When-was-Barrick-founded/default.aspx)
[1](https://app.finbar.com/go?id=P136408710)[4](https://app.finbar.com/go?id=T15637396)[2](https://www.barrick.com/operations/default.aspx)[3](https://www.barrick.com/about/default.aspx)[5](https://www.barrick.com/English/news/news-details/2026/barrick-delivers-15-billion-in-economic-contributions-to-host-countries-in-2025/default.aspx)[6](https://www.barrick.com/English/news/news-details/2017/When-was-Barrick-founded/default.aspx)

## Products & services

Barrick’s principal products are gold and copper, sold in different forms according to the mine and processing route. Most gold operations produce doré—unrefined bullion bars typically containing about 90% gold, which are refined before sale. Phoenix and Bulyanhulu also produce gold concentrate; Lumwana produces mainly copper concentrate and copper cathodes; and Phoenix produces concentrate containing gold and copper. Copper, silver and energy are also sold as by-products at some gold mines. [7](https://app.finbar.com/go?id=P136410086)

In 2025, Barrick reported gold revenue of $11.844 billion and copper revenue of $2.199 billion—approximately 84% and 16%, respectively, of their combined revenue. These percentages compare the two reported product categories, not their shares of total company revenue. [8](https://app.finbar.com/go?id=T15638547)

Processing capabilities include conventional sulfide flotation at Lumwana and a range of mills, roasters, autoclaves, concentrators and heap-leach facilities across Nevada Gold Mines. Barrick has also described a patented flotation process for copper and copper-gold ores that uses salt or brackish water. [9](https://www.barrick.com/operations/lumwana/default.aspx) [10](https://www.barrick.com/operations/nevada-gold-mines/) [11](https://www.barrick.com/English/news/news-details/2016/new-tech-uses-salt-or-brackish-water-to-process-copper-concentrate/default.aspx) The reviewed company materials do not identify a separate service business sold to customers. [1](https://app.finbar.com/go?id=P136408710)
[7](https://app.finbar.com/go?id=P136410086)[8](https://app.finbar.com/go?id=T15638547)[9](https://www.barrick.com/operations/lumwana/default.aspx)[10](https://www.barrick.com/operations/nevada-gold-mines/)[11](https://www.barrick.com/English/news/news-details/2016/new-tech-uses-salt-or-brackish-water-to-process-copper-concentrate/default.aspx)[1](https://app.finbar.com/go?id=P136408710)[9](https://www.barrick.com/operations/lumwana/default.aspx)[10](https://www.barrick.com/operations/nevada-gold-mines/)[11](https://www.barrick.com/English/news/news-details/2016/new-tech-uses-salt-or-brackish-water-to-process-copper-concentrate/default.aspx)

## Geographic presence

Barrick’s 2025 Annual Report identifies producing gold operations in the United States, Dominican Republic, Tanzania, Democratic Republic of the Congo, Mali, Argentina and Papua New Guinea, and producing copper mines in Zambia, Chile and Saudi Arabia. It also identifies the Reko Diq copper project in Pakistan. More than half of gold production comes from North America; the company’s exploration and development projects extend across the Americas, Asia and Africa. [1](https://app.finbar.com/go?id=P136408710)

Barrick lists its corporate head office in Toronto, Ontario, and its registered office in Vancouver, British Columbia. [12](https://app.finbar.com/go?id=P136409847) The annual report describes gold and copper sales through global market and processing channels, but does not provide a country- or region-based revenue breakdown in the cited information. [1](https://app.finbar.com/go?id=P136408710)
[1](https://app.finbar.com/go?id=P136408710)[12](https://app.finbar.com/go?id=P136409847)

## Business segments

Barrick reports nine mine-level operating segments: eight focused on gold and one on copper. Approximate 2025 revenue shares of the itemized mine-revenue subtotal were: Carlin 22.2%, Cortez 14.8%, Turquoise Ridge 11.0%, Pueblo Viejo 12.7%, Loulo-Gounkoto 2.8%, Kibali 5.7%, North Mara 5.7%, and Bulyanhulu 3.6% for gold; and Lumwana 8.2% for copper. [13](https://app.finbar.com/go?id=P136410062)[14](https://app.finbar.com/go?id=P136409028)[15](https://app.finbar.com/go?id=T15637492)

These percentages are calculated from the mine-level revenue rows as shares of the $18.101 billion subtotal, before a separately reported equity-investee adjustment; they are not shares of consolidated revenue. The revenue table also includes “Other Mines” at approximately 13.2%, but it is an additional revenue category rather than one of the nine named reportable segments. [15](https://app.finbar.com/go?id=T15637492)
[13](https://app.finbar.com/go?id=P136410062)[14](https://app.finbar.com/go?id=P136409028)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)[15](https://app.finbar.com/go?id=T15637492)

## Company history

Barrick Resources Corporation began trading on the Toronto Stock Exchange on May 2, 1983. Founder Peter Munk led the company’s early growth. Barrick expanded through its 1994 acquisition of Lac Minerals and its 2001 merger with Homestake; in 2006 it completed the acquisition of Placer Dome. [6](https://www.barrick.com/English/news/news-details/2017/When-was-Barrick-founded/default.aspx) [16](https://www.barrick.com/English/news/news-details/2008/Press-Release-Barrick-Gold-Marks-25th-Anniversary/default.aspx) [17](https://www.barrick.com/English/news/news-details/2002/Barrick-Sets-Out-New-Growth-Plan/default.aspx) [18](https://www.barrick.com/news/news-details/2001/Barrick-Completes-Merger-with-Homestake/default.aspx) [19](https://www.barrick.com/news/news-details/2006/Barrick-Completes-Acquisition-of-Placer-Dome/default.aspx)

In 2010, Barrick took its African subsidiary public on the London Stock Exchange, and in 2011 acquired the remaining Equinox Minerals shares. Munk retired as chairman in 2014, succeeded by John Thornton. In 2019, Barrick completed its merger with Randgold Resources and launched Nevada Gold Mines as a joint venture with Newmont. The company changed its name from Barrick Gold Corporation to Barrick Mining Corporation in 2025; Mark Hill was appointed president and CEO in February 2026. [20](https://www.barrick.com/news/news-details/2010/Barrick-Announces-Closing-of-African-Barrick-Gold-plc-Initial-Public-Offering/default.aspx) [21](https://www.barrick.com/English/news/news-details/2011/Barrick-Completes-Compulsory-Acquisition-of-Equinox-Shares07192011/default.aspx) [22](https://www.barrick.com/English/news/news-details/2013/Barrick-Founder-and-Chairman-Peter-Munk-to-Retire-at-2014-AGM-John-Thornton-to-Assume-Chairmanship/default.aspx) [23](https://www.barrick.com/English/news/news-details/2019/barrick-randgold-merger-consummated-as-trading-starts-in-new-companys-shares/default.aspx) [24](https://www.barrick.com/English/news/news-details/2019/Nevada-Gold-Mines-Launched-Best-Assets-Best-people-Will-Deliver-Best-Value/default.aspx) [25](https://app.finbar.com/go?id=P136408827) [26](https://app.finbar.com/go?id=P136408801) [27](https://www.barrick.com/English/news/news-details/2026/barrick-announces-board-appointments/default.aspx)
[25](https://app.finbar.com/go?id=P136408827)[26](https://app.finbar.com/go?id=P136408801)[6](https://www.barrick.com/English/news/news-details/2017/When-was-Barrick-founded/default.aspx)[16](https://www.barrick.com/English/news/news-details/2008/Press-Release-Barrick-Gold-Marks-25th-Anniversary/default.aspx)[17](https://www.barrick.com/English/news/news-details/2002/Barrick-Sets-Out-New-Growth-Plan/default.aspx)[18](https://www.barrick.com/news/news-details/2001/Barrick-Completes-Merger-with-Homestake/default.aspx)[19](https://www.barrick.com/news/news-details/2006/Barrick-Completes-Acquisition-of-Placer-Dome/default.aspx)[20](https://www.barrick.com/news/news-details/2010/Barrick-Announces-Closing-of-African-Barrick-Gold-plc-Initial-Public-Offering/default.aspx)[21](https://www.barrick.com/English/news/news-details/2011/Barrick-Completes-Compulsory-Acquisition-of-Equinox-Shares07192011/default.aspx)[22](https://www.barrick.com/English/news/news-details/2013/Barrick-Founder-and-Chairman-Peter-Munk-to-Retire-at-2014-AGM-John-Thornton-to-Assume-Chairmanship/default.aspx)[23](https://www.barrick.com/English/news/news-details/2019/barrick-randgold-merger-consummated-as-trading-starts-in-new-companys-shares/default.aspx)[24](https://www.barrick.com/English/news/news-details/2019/Nevada-Gold-Mines-Launched-Best-Assets-Best-people-Will-Deliver-Best-Value/default.aspx)[27](https://www.barrick.com/English/news/news-details/2026/barrick-announces-board-appointments/default.aspx)

## Sources

1. [BARRICK MINING CORP — Full financial report (2025 Y), p10](https://app.finbar.com/go?id=P136408710)
2. [www.barrick.com](https://www.barrick.com/operations/default.aspx)
3. [www.barrick.com](https://www.barrick.com/about/default.aspx)
4. [BARRICK MINING CORP — Full financial report (2025 Y), p11](https://app.finbar.com/go?id=T15637396)
5. [www.barrick.com](https://www.barrick.com/English/news/news-details/2026/barrick-delivers-15-billion-in-economic-contributions-to-host-countries-in-2025/default.aspx)
6. [www.barrick.com](https://www.barrick.com/English/news/news-details/2017/When-was-Barrick-founded/default.aspx)
7. [BARRICK MINING CORP — Full financial report (2025 Y), p104](https://app.finbar.com/go?id=P136410086)
8. [BARRICK MINING CORP — Press release (2025 Y), p6](https://app.finbar.com/go?id=T15638547)
9. [www.barrick.com](https://www.barrick.com/operations/lumwana/default.aspx)
10. [www.barrick.com](https://www.barrick.com/operations/nevada-gold-mines/)
11. [www.barrick.com](https://www.barrick.com/English/news/news-details/2016/new-tech-uses-salt-or-brackish-water-to-process-copper-concentrate/default.aspx)
12. [BARRICK MINING CORP — Full financial report (2025 Y), p92](https://app.finbar.com/go?id=P136409847)
13. [BARRICK MINING CORP — Full financial report (2025 Y), p102](https://app.finbar.com/go?id=P136410062)
14. [BARRICK MINING CORP — Full financial report (2025 Y), p26](https://app.finbar.com/go?id=P136409028)
15. [BARRICK MINING CORP — Full financial report (2025 Y), p102](https://app.finbar.com/go?id=T15637492)
16. [www.barrick.com](https://www.barrick.com/English/news/news-details/2008/Press-Release-Barrick-Gold-Marks-25th-Anniversary/default.aspx)
17. [www.barrick.com](https://www.barrick.com/English/news/news-details/2002/Barrick-Sets-Out-New-Growth-Plan/default.aspx)
18. [www.barrick.com](https://www.barrick.com/news/news-details/2001/Barrick-Completes-Merger-with-Homestake/default.aspx)
19. [www.barrick.com](https://www.barrick.com/news/news-details/2006/Barrick-Completes-Acquisition-of-Placer-Dome/default.aspx)
20. [www.barrick.com](https://www.barrick.com/news/news-details/2010/Barrick-Announces-Closing-of-African-Barrick-Gold-plc-Initial-Public-Offering/default.aspx)
21. [www.barrick.com](https://www.barrick.com/English/news/news-details/2011/Barrick-Completes-Compulsory-Acquisition-of-Equinox-Shares07192011/default.aspx)
22. [www.barrick.com](https://www.barrick.com/English/news/news-details/2013/Barrick-Founder-and-Chairman-Peter-Munk-to-Retire-at-2014-AGM-John-Thornton-to-Assume-Chairmanship/default.aspx)
23. [www.barrick.com](https://www.barrick.com/English/news/news-details/2019/barrick-randgold-merger-consummated-as-trading-starts-in-new-companys-shares/default.aspx)
24. [www.barrick.com](https://www.barrick.com/English/news/news-details/2019/Nevada-Gold-Mines-Launched-Best-Assets-Best-people-Will-Deliver-Best-Value/default.aspx)
25. [BARRICK MINING CORP — Full financial report (2025 Y), p15](https://app.finbar.com/go?id=P136408827)
26. [BARRICK MINING CORP — Full financial report (2025 Y), p14](https://app.finbar.com/go?id=P136408801)
27. [www.barrick.com](https://www.barrick.com/English/news/news-details/2026/barrick-announces-board-appointments/default.aspx)

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