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Barrick Gold

Barrick Gold
Company nameBarrick Gold
Company typePublic
Founder(s)Peter Munk
Key peoplePeter Munk, Founder & Chairman
Aaron Regent, President & CEO
Peter J. Kinver, COO
Jamie C. Sokalsky, CFO
Revenue$10.924 Billion (2010)
Net income$3.274 Billion (2010)
Employees20,024 (2010)
North America
South America

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Barrick Gold Corporation (Tsx - ABX, Nyse - ABX) is the largest pure gold mining company in the world, with its headquarters in Toronto, Ontario, Canada; and four regional business units (RBU's) located in Australia, Africa, North America and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Dominican Republic, Australia, Peru, Chile, Russia, South Africa, Pakistan, Colombia, Argentina and Tanzania. For 2008, it produced 7.7 million ounces of gold at a cash cost of US $443/ounce. As of December 31, 2008 its proven and probable gold mineral reserves stand at 138.5 million ounces.

On January 20, 2006, Barrick acquired a majority share of Placer Dome. The production of the combined organization moved Barrick to its current position as the largest gold producer, ahead of Newmont Mining Corporation.

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