Barrick Mining Corporation

Is Barrick publicly traded?
Yes. Barrick Mining Corporation trades on the NYSE under the single-letter ticker B and on the TSX as ABX.

What happened to Barrick Gold?
Barrick Gold Corporation renamed itself Barrick Mining Corporation in May 2025 to reflect its copper business. The NYSE ticker changed from GOLD to B at the same time.

Who owns Barrick?
It is a public company owned by institutional investors and other shareholders. Mark Bristow is president and CEO.

How much revenue does Barrick make?
Barrick reported record fiscal 2025 revenue of $16,956 million, up 31 percent, with net earnings of $4,993 million and free cash flow of $3,868 million.

What happened to Barrick's Mali mine?
Mali's military government placed the Loulo-Gounkoto complex under provisional administration in June 2025 after detaining staff and suspending exports under a new mining code. Barrick pursued international arbitration while the mine remained outside its control.

What is the North American IPO plan?
In February 2026 Barrick's board approved preparations for an IPO of its North American gold assets, principally the Nevada operations, to surface their value separately from the group's emerging-market exposure.

Peter Munk founded Barrick in 1983 in Toronto, moving it from oil into gold with a strategy of disciplined acquisition and operational rigor. Early buys in Nevada and Canada made it a serious producer by the late 1980s.

The 1990s and 2000s turned it into the industry's giant. The 1994 Lac Minerals deal, the 2001 Homestake acquisition of core Nevada assets, and the 2006 Placer Dome takeover at about $10 billion made Barrick the world's largest gold miner. The era also produced its most expensive failure: Pascua-Lama, a high-altitude project on the Chile-Argentina border that consumed billions before suspension in 2013.

The modern company took shape in 2019. Barrick merged with Randgold Resources in a deal that installed Randgold's Mark Bristow as CEO, and it formed the Nevada Gold Mines joint venture with Newmont, combining the two companies' Nevada assets under Barrick's operation with a 61.5 percent interest. That JV is the backbone of the business.

Copper moved from byproduct to strategy. The Lumwana mine in Zambia began a major expansion, and the Reko Diq copper-gold project in Pakistan entered construction after a decade-long legal resolution. In May 2025 shareholders approved renaming the company Barrick Mining Corporation, with the NYSE ticker changing from GOLD to B.

The same year brought the company's worst jurisdiction shock. Mali's military government, after detaining staff and suspending exports, placed Loulo-Gounkoto under provisional administration in June 2025, removing a cornerstone mine and triggering international arbitration.

Record results still followed: 2025 revenue of $16.96 billion, net earnings of $4.99 billion, and $1.5 billion of buybacks. In February 2026 the board announced preparations for an IPO of the company's North American gold assets, a structural move to surface value in its safest jurisdiction.

Barrick publishes detailed sustainability reporting covering safety, tailings, water, community development, and emissions, with renewable energy investments at sites in Nevada and Africa and formal community agreements at major operations.

The industry's footprint makes ethics inseparable from operations: tailings risk, water in arid regions, resettlement, and security incidents are recurring management issues. Barrick discloses through GRI and CDP and maintains independent tailings reviews.

Barrick appears consistently in mining industry safety and disclosure rankings and in ESG assessments for tailings transparency. The Fourmile resource expansion in Nevada has been recognized as a major exploration achievement.

The Mali seizure of Loulo-Gounkoto in June 2025 is the defining controversy: staff detentions, export suspension, and provisional administration of one of the company's largest mines led to arbitration and exclusion of the asset from guidance.

Legacy issues persist: Pascua-Lama's billions in sunk cost and environmental disputes, historical cyanide incidents at Veladero that drew Argentine penalties and shutdowns, and community grievances at Porgera in Papua New Guinea, where security and human rights concerns have drawn international attention.