# BARRICK MINING CORP

Summary updated: 2026-09-28T14:19:12.861145Z
Canonical: https://finbar.com/research/companies/barrick-mining

## Overview

Barrick Mining Corporation, formerly Barrick Gold Corporation, is a mining company focused on exploring for, developing, producing and selling gold and copper. Its operations span the Americas, Africa, the Middle East and the Asia-Pacific region; at the end of 2025, it reported interests in 11 producing gold mines and three producing copper mines. [1](https://app.finbar.com/go?id=P136408710)[2](https://app.finbar.com/go?id=P136408827)

Barrick states that its mission is to find, develop and own high-quality assets with the people needed to deliver sustainable returns for owners and partners. Its global scale is reflected in reported 2025 revenue of approximately US$17.0 billion. [3](https://www.barrick.com/about/default.aspx)[4](https://www.barrick.com/English/investors/annual-reports/2025/default.aspx)
[1](https://app.finbar.com/go?id=P136408710)[2](https://app.finbar.com/go?id=P136408827)[5](https://app.finbar.com/go?id=T15637396)[3](https://www.barrick.com/about/default.aspx)[4](https://www.barrick.com/English/investors/annual-reports/2025/default.aspx)

## Products & services

Barrick Mining’s principal products are gold and copper. Its gold mines generally produce doré, an unrefined bullion typically containing about 90% gold that is refined before sale. Phoenix and Bulyanhulu also produce gold concentrate, a partially processed material from which much of the waste has been removed; Phoenix’s concentrate contains both gold and copper. [6](https://app.finbar.com/go?id=P136410086)

Barrick sells copper concentrate and copper cathodes from Lumwana. It also records by-product sales, primarily copper, silver and energy produced at gold mines. In 2025, reported gold sales were $15.147 billion and copper sales were $1.475 billion—approximately 91% and 9%, respectively, of those two metal-sales categories combined. That split does not represent a breakdown by product form or of total company revenue. [6](https://app.finbar.com/go?id=P136410086)[7](https://app.finbar.com/go?id=T15637470)
[6](https://app.finbar.com/go?id=P136410086)[7](https://app.finbar.com/go?id=T15637470)[7](https://app.finbar.com/go?id=T15637470)

## Geographic presence

Barrick Mining operates producing gold mines in the United States, Dominican Republic, Tanzania, Democratic Republic of the Congo, Mali, Argentina and Papua New Guinea. Its producing copper mines are in Zambia, Chile and Saudi Arabia. In 2025, North America accounted for 64% of attributable gold production, Africa and the Middle East for 26%, and South America and Asia Pacific for 10%. Africa and the Middle East accounted for 83% of attributable copper production. [1](https://app.finbar.com/go?id=P136408710)[8](https://www.sec.gov/Archives/edgar/data/756894/000119312526079280/d16658dex991.pdf)

In 2025, Barrick reported revenue of US$16.96 billion, including US$9.50 billion attributed to the United States, US$2.30 billion to the Dominican Republic, US$1.68 billion to Tanzania and US$1.49 billion to Zambia. These country figures reflect the location of the mine from which the product originated, not the customer’s location. Barrick’s corporate office is in Toronto, Ontario, and its registered office is in Vancouver, British Columbia. [9](https://app.finbar.com/go?id=T15637495)[10](https://app.finbar.com/go?id=P136410076)[11](https://app.finbar.com/go?id=P136409847)
[1](https://app.finbar.com/go?id=P136408710)[10](https://app.finbar.com/go?id=P136410076)[11](https://app.finbar.com/go?id=P136409847)[9](https://app.finbar.com/go?id=T15637495)[9](https://app.finbar.com/go?id=T15637495)[9](https://app.finbar.com/go?id=T15637495)[9](https://app.finbar.com/go?id=T15637495)[9](https://app.finbar.com/go?id=T15637495)[8](https://www.sec.gov/Archives/edgar/data/756894/000119312526079280/d16658dex991.pdf)

## Business segments

Barrick reports operating segments at the minesite level, rather than as geographic divisions. Its individually reported gold-mine segments are Carlin, Cortez and Turquoise Ridge in Nevada; Pueblo Viejo in the Dominican Republic; Loulo-Gounkoto in Mali; Kibali in the Democratic Republic of Congo; and North Mara and Bulyanhulu in Tanzania. Lumwana in Zambia is its individually reported copper-mine segment. Smaller operations are grouped as Other Mines. [12](https://www.sec.gov/Archives/edgar/data/756894/000119312526039501/R14.htm)

Based on 2025 revenue reported for these segments and Other Mines, Carlin contributed approximately 22%, Cortez 15%, Turquoise Ridge 11%, Pueblo Viejo 13%, Loulo-Gounkoto 3%, Kibali 6%, North Mara 6%, Bulyanhulu 4%, Lumwana 8% and Other Mines 13%. These percentages use the sum of the disclosed segment figures, not consolidated revenue: the segment figures include Kibali revenue that is subsequently removed in reconciliation because Kibali is accounted for as an equity investee. [12](https://www.sec.gov/Archives/edgar/data/756894/000119312526039501/R14.htm)
[13](https://app.finbar.com/go?id=P136410062)[14](https://app.finbar.com/go?id=T15637492)[12](https://www.sec.gov/Archives/edgar/data/756894/000119312526039501/R14.htm)

## Company history

Peter Munk founded Barrick in 1983. The company acquired the Goldstrike property in Nevada in 1986, and a major gold deposit was discovered there the following year. Barrick expanded through its 1994 acquisition of Lac Minerals, its 2001 merger with Homestake Mining and its 2006 acquisition of Placer Dome. [15](https://www.barrick.com/English/about/peter-munk/default.aspx)[16](https://westernmininghistory.com/mine-detail/10047014/)[17](https://secure.northernminer.com/news/barrick-s-carlin-finds-signal-latest-gold-rush/1000120657/)[18](https://www.barrick.com/English/news/news-details/2018/keeping-bullfrog-above-water/default.aspx)[19](https://www.barrick.com/English/news/news-details/2001/Barrick-Completes-Merger-with-Homestake/default.aspx)[20](https://www.barrick.com/English/news/news-details/2006/Barrick-Completes-Acquisition-of-Placer-Dome/default.aspx)

Barrick merged with Randgold Resources in January 2019. Later that year, it and Newmont launched Nevada Gold Mines, a joint venture combining their Nevada operations. In 2025, Barrick Gold Corporation changed its name to Barrick Mining Corporation. [21](https://www.barrick.com/news/news-details/2019/barrick-randgold-merger-consummated-as-trading-starts-in-new-companys-shares/default.aspx)[22](https://www.barrick.com/English/news/news-details/2019/Nevada-Gold-Mines-Launched-Best-Assets-Best-people-Will-Deliver-Best-Value/default.aspx)[23](https://www.barrick.com/English/news/news-details/2025/barrick-announces-name-change-to-barrick-mining-corporation-and-election-of-directors/default.aspx)
[15](https://www.barrick.com/English/about/peter-munk/default.aspx)[16](https://westernmininghistory.com/mine-detail/10047014/)[17](https://secure.northernminer.com/news/barrick-s-carlin-finds-signal-latest-gold-rush/1000120657/)[18](https://www.barrick.com/English/news/news-details/2018/keeping-bullfrog-above-water/default.aspx)[19](https://www.barrick.com/English/news/news-details/2001/Barrick-Completes-Merger-with-Homestake/default.aspx)[20](https://www.barrick.com/English/news/news-details/2006/Barrick-Completes-Acquisition-of-Placer-Dome/default.aspx)[21](https://www.barrick.com/news/news-details/2019/barrick-randgold-merger-consummated-as-trading-starts-in-new-companys-shares/default.aspx)[22](https://www.barrick.com/English/news/news-details/2019/Nevada-Gold-Mines-Launched-Best-Assets-Best-people-Will-Deliver-Best-Value/default.aspx)[23](https://www.barrick.com/English/news/news-details/2025/barrick-announces-name-change-to-barrick-mining-corporation-and-election-of-directors/default.aspx)

## Sources

1. [BARRICK MINING CORP — Full financial report (2025 Y), p10](https://app.finbar.com/go?id=P136408710)
2. [BARRICK MINING CORP — Full financial report (2025 Y), p15](https://app.finbar.com/go?id=P136408827)
3. [www.barrick.com](https://www.barrick.com/about/default.aspx)
4. [www.barrick.com](https://www.barrick.com/English/investors/annual-reports/2025/default.aspx)
5. [BARRICK MINING CORP — Full financial report (2025 Y), p11](https://app.finbar.com/go?id=T15637396)
6. [BARRICK MINING CORP — Full financial report (2025 Y), p104](https://app.finbar.com/go?id=P136410086)
7. [BARRICK MINING CORP — Full financial report (2025 Y), p69](https://app.finbar.com/go?id=T15637470)
8. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/756894/000119312526079280/d16658dex991.pdf)
9. [BARRICK MINING CORP — Full financial report (2025 Y), p103](https://app.finbar.com/go?id=T15637495)
10. [BARRICK MINING CORP — Full financial report (2025 Y), p103](https://app.finbar.com/go?id=P136410076)
11. [BARRICK MINING CORP — Full financial report (2025 Y), p92](https://app.finbar.com/go?id=P136409847)
12. [www.sec.gov](https://www.sec.gov/Archives/edgar/data/756894/000119312526039501/R14.htm)
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), p102](https://app.finbar.com/go?id=T15637492)
15. [www.barrick.com](https://www.barrick.com/English/about/peter-munk/default.aspx)
16. [westernmininghistory.com](https://westernmininghistory.com/mine-detail/10047014/)
17. [secure.northernminer.com](https://secure.northernminer.com/news/barrick-s-carlin-finds-signal-latest-gold-rush/1000120657/)
18. [www.barrick.com](https://www.barrick.com/English/news/news-details/2018/keeping-bullfrog-above-water/default.aspx)
19. [www.barrick.com](https://www.barrick.com/English/news/news-details/2001/Barrick-Completes-Merger-with-Homestake/default.aspx)
20. [www.barrick.com](https://www.barrick.com/English/news/news-details/2006/Barrick-Completes-Acquisition-of-Placer-Dome/default.aspx)
21. [www.barrick.com](https://www.barrick.com/news/news-details/2019/barrick-randgold-merger-consummated-as-trading-starts-in-new-companys-shares/default.aspx)
22. [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)
23. [www.barrick.com](https://www.barrick.com/English/news/news-details/2025/barrick-announces-name-change-to-barrick-mining-corporation-and-election-of-directors/default.aspx)

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