operations
Premier assets, profitable production

Barrick produced 5.52 million ounces of gold in 2016 from a portfolio that includes some of the world’s premier gold assets.

Our five core mines in the Americas are expected to account for about 70% of our total production in 2017, at a cost of sales applicable to gold of $770-$810 per ounce, and all-in sustaining costs of $650-$710 per ounce1. With an average reserve grade of 1.84 grams per tonne2—more than double that of our peer group average—they are among the most attractive assets in the entire gold industry.

Copper production in 2016 was 415 million pounds.

2017 Full-Year Guidance

5.3-5.6 million Ounces of gold $780-$820 Cost of sales per ounce $720-$770 All-in sustaining costs per ounce1
400-450 million Pounds of copper $1.50-$1.70 Cost of sales per pound $2.10-$2.40 All-in sustaining costs per pound3
Date Download Description
January 1, 2013 files/design/bodybg/operations.jpg
Operations

Core Operations

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Pueblo Viejo DOMINICAN
REPUBLIC

Pueblo Viejo

Other Gold Operations

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Hemlo CANADA
Hemlo
Porgera PAPUA NEW GUINEA
Porgera

Copper Operations

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Exploration & Growth

Projects

Barrick's project portfolio is unsurpassed in the gold industry and represents a source of optionality and value.

» Learn more

Acacia Mining plc

Acacia Mining plc

Acacia Mining plc is a company listed on the London Stock Exchange that owns gold mines and exploration properties in Africa. Barrick holds a 63.9% equity interest in Acacia.

» www.acaciamining.com

Footnotes

  1. "“All-in sustaining costs” per ounce of gold is a non-GAAP financial performance measure. “All-in sustaining costs” per ounce begins with cost of sales less, among other items, the impact of depreciation, and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs, and minesite exploration and evaluation costs. Barrick believes that the use of “all-in sustaining costs” per ounce will assist investors, analysts, and other stakeholders in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance and also our ability to generate free cash flow from current operations, and to generate free cash flow on an overall Company basis. “All-in sustaining costs” per ounce is intended to provide additional information only, and does not have any standardized meaning under IFRS. Although a standardized definition of “all-in sustaining costs” was published in 2013 by the World Gold Council (a market development organization for the gold industry comprised of and funded by 18 gold mining companies from around the world, including Barrick), it is not a regulatory organization, and other companies may calculate this measure differently. This measure should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Further details on this non-GAAP measure are provided in the MD&A accompanying Barrick’s financial statements filed from time to time on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
     
  2. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2016, unless otherwise noted. Complete mineral reserve and mineral resource data for all mines and projects referenced on this website, including tonnes, grades, and ounces, can be found on pages 88-93 of Barrick’s Fourth Quarter and Year-End 2016 Report.
     
  3. “All-in sustaining costs” per pound is a non-GAAP financial performance measure. “All-in sustaining costs” per pound begins with “C1 cash costs” per pound and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs and royalties. Barrick believes that the use of “all-in sustaining costs” per pound will assist investors, analysts, and other stakeholders in understanding the costs associated with producing copper, understanding the economics of copper mining, assessing our operating performance, and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall company basis. "All-in sustaining costs" per pound is intended to provide additional information only, does not have any standardized meaning under IFRS, and may not be comparable to similar measures of performance presented by other companies. This measure should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Further details on these non-GAAP measures are provided in the MD&A accompanying Barrick's financial statements filed from time to time on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Gold  $ 1,264.99 -4.81 -0.38% Volume: April 27, 2017
ABX NYSE  $ 16.96 +0.00 +0% Volume: 23,683,300 April 26, 2017
ABX TSX  $ 23.05 +0.00 +0% Volume: 4,645,800 April 26, 2017
Gold  $ 1,264.99 -4.81 -0.38% Volume: April 27, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council MemberMember of ICMM

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