2020muli whitefull

Mining Profiles: Barrick-Randgold

barrick gold DM2On January 2, 2019, a new company was created by the merger of Barrick Gold and Randgold Resources. It was listed on the New York and Toronto Stock Exchanges as NYSE:GOLD and TSX:ABX. According to their Fact Sheet, Barrick-Randgold owns five of the Top 10 Tier One gold assets, which include:


  • Cortez in Nevada, USA (100% ownership)
  • Goldstrike in Nevada, USA (100% ownership)
  • Kibali in DRC (45% ownership)
  • Loulo-Gounkoto in Mali (80% ownership)
  • Pueblo Viejo in Dominical Repoublic (60%)

They also own two more mines with the potential to become Tier One gold assets:

  • Goldrush/Fourmile, USA (100% ownership)
  • Turquoise Ridge, USA (75% ownership)

Their Board of Directors includes nine members, all male. Their Senior Management Team includes six members, three male and three female.

Their mining operations include open pit operations and underground operations, and they are shifting some of their operations to bulk mining at depth. Their processing operations include an oxide mill, CIL circuit, and heap leach (learn more about gold extraction and processing here).

Barrick-Randgold has a sustainability strategy, and they publish an annual "Sustainability Report."  Highlights from the 2017 report include:

  • 4% reduction in greenhouse gas emissions over the prior year
  • 85% reduction in reportable environmental incidents since 2014
  • 40% reduction in total reportable injury frequency rate since 2014.
  • 6 community water monitoring programs
  • 100% of sites with grievance mechanisms in place
  • 3 independent human rights assessments completed in 2017
  • $351 million invested in local businesses in 2017
  • $1.12 billion taxes and royalties to governments in 2017
  • 97% of their employees from the countries in which they operate

Both Barrick and Randgold have had significant legal controversy over contamination, human rights, and land-use in the past. 

This article is not intended to be an analysis of Barrick-Randgold mining operations; but merely to share information so our members can become more informed. If you have knowledge about this company you think it would be beneficial to share with CRJC members, please share in the comment section.

Add comment

Security code


We are proud to partner with organizations that also work tirelessly to improve the world and our industry with better social, economic, and environmental practices.