Main mines and their distribution
Barrick has more than 100 gold mines spread in continents, Canada, the United States, Peru, Argentina, Australia, the Dominican Republic and Papua New Guinea. Recently, Barrick agreed with Chinese mining giant Shandong Gold in an effort to retain its premier status.
Barrick main gold mines distribution map
There are currently five core mines: Cortez, Goldstrike, Lagunas Norte, Pueblo Viejo and Veladero, about 70% of the gold production in 2018 came from these five core gold mining areas.
Description of Barrick main gold mines
Barrick exploration status
Barrick is committed to continually discovering and replacing assets and resources in search and selective acquisitions. Even in the years when the gold price was low, most companies were in a state of austerity, and the company was fully committed to discovering the Lagunas Norte deposit in Peru, which was the one of the most important gold mines discovery in the 1990s. The recently major discovery is the Kotz mine in Nevada (gold reserves of approximately 283 tons).
Barrick has been focusing on the exploration of Nevada minerals, one of the most stable places in the world, and Barrick has strong control over the minerals in Nevada. In 2014, Barrick’s 50% budget was allocated to the Nevada exploration project, mainly for prospecting exploration of the Goldrush project. In addition to this project, Barrick still has other development opportunities and projects in the vicinity of Nevada, including Kotz and The Goldstrike project, which helps companies overcome risk and adjust capital back.