society

Our core business is building partnerships of real depth and trust with host governments, local communities, NGOs, indigenous people, and others. At their invitation and with their support, we take their minerals out of the ground, and, in so doing, create wealth for all.

Socio-Economic Development

Social and Economic Development

Barrick has an opportunity to contribute significantly to social and economic development in the communities and countries where we operate.  

We do this in a number of ways, including through buying and hiring locally, investing in education and health, helping diversify livelihoods and paying our fair share of taxes.

Communities and host governments rightly expect to share in mining’s benefits. When we live up to their expectations, we are partners with host governments and communities in their own development, contributing to a more stable and prosperous society and a more secure license to operate.

Approximately 51% of jobs are filled by employees from local communities.

In 2016, Barrick purchased more than $220M of goods and services from local businesses near our mine sites.

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Community Relations

Community Relations

Barrick’s operations can lead to both positive and negative impacts on the people and communities near our mines. 

A mine can bring increased economic activity, create local jobs, develop much-needed infrastructure and provide tax revenue that helps support local governments in delivering services.  Mining can also contribute to social change, use scarce resources and contribute to an unsustainable influx of people into a community. At Barrick, we know that our ability to operate depends on our relationship with host communities and governments. As such, effectively engaging with local communities is as important to us as any part of the business and is vital to the success and sustainability of our business.

At Barrick, we believe strong relationships with communities are about getting the simple things right: managing our impacts (such as dust, noise and traffic), doing what we say we will, resolving grievances, and buying and hiring locally.

100% of Barrick’s sites have stakeholder engagement plans and community grievance mechanisms.

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Human Rights

Human Rights

As a fundamental operating principle, we strive to respect human rights wherever we do business and recognize the equality and dignity of the people with whom we interact every day. Respect for our employees, local community members, and local governments is part of our core values, which guide us in all we do.

Carrying out that respect every day, in every situation, everywhere we operate, poses challenges for a global company like ours.  We have interests in mining operations on five continents, employ more than 11,000 workers, have some 11,000 contractors, and work with some 10,000 vendors each year.  Our mines operate in highly diverse social, economic, and political environments, including locations where human rights may not be fully recognized or protected.  Each location has a different cultural context, faces different risks of negative human rights impacts, and encounters different expectations from their respective host communities, governments, and key stakeholders. 

Barrick’s human rights compliance program is designed to help embed ethical behavior and a respect for our employees and partners throughout our diverse operations.  On a philosophical level, the compliance program is not a risk mitigation effort for the company. Rather, it is a reflection of the company’s values, and an outgrowth of our commitment to respect human rights and avoid negative human rights impacts.

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Government Affairs

Government Affairs

From exploration to construction, operation, and closure, our activities are significantly impacted by the political and regulatory environments of our host countries. We recognize that our mines can play a significant role — economically, socially and politically — in the jurisdictions where we operate. 

Successful mining relies on partnerships with host governments to extract their resources, creating benefits for the countries and communities in which we operate, and for our shareholders.

We take a partnership approach with all our stakeholders, including our home and host governments. This means we work to align our interests and priorities with those of our government partners, so that everyone derives real and sustained value from our operations.

Taxes and Royalties

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Supply Chain

Supply Chain

The conduct and behavior of our suppliers, vendors, and contractors can significantly affect our workplace, the environment, the lives of people in local communities, our reputation, and our overall ability to operate effectively. 

As such, we expect that our supply chain partners uphold Barrick’s principles of ethical business conduct, and respect for human rights. As a company, we strive to do business only with those suppliers who share these principles.

We conducted due diligence on approximately 95% of new mining operations suppliers in 2016—more than 1,100 vendors.

For this reason, Barrick has a Supplier Code of Business Conduct and Ethics, which governs the conduct of suppliers and contractors doing business with Barrick. It covers important issues such as anti-bribery, anti-corruption, and human rights. Barrick also has a Vendor Onboarding System and Standard to assist in our efforts to work with partners who align with our values. Under the Standard, we conduct due diligence on every entity receiving funds from Barrick — including suppliers, service providers, and civil society groups.

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Partnerships

External Commitments & Partnerships

Barrick’s business is about partnerships — with governments, communities, suppliers, civil society, other companies, and our employees.

This means balancing our own interests and priorities with those of others, helping both Barrick and our partners to derive real value from working together. It also means embracing a shared sense of responsibility. Getting this balance right helps us sustain the support and confidence of our key stakeholders, which is essential for our business success.

We strive to engage with all of our stakeholders in an open, transparent manner. This means communicating in an honest and timely fashion, as well as actively listening and responding to our stakeholders’ concerns and interests.

Barrick works closely with civil society and government partners in multi-stakeholder groups, including the Devonshire Initiative, the VPs and EITI.

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Date Download Description
September 7, 2017 files/design/bodybg/letter-background.jpg
Responsibility > President's Letter
July 24, 2017 files/design/bodybg/white.jpg
Home > Peter Munk
May 6, 2015 files/design/bodybg/our-approach.jpg
2014 Responsibility Report
February 9, 2015 files/design/bodybg/to2015.jpg
Toronto 2015
January 1, 2013 files/design/bodybg/goldrush.jpg
Operations > Projects
January 1, 2013 files/design/bodybg/news.jpg
Inevstors > News
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Investors > Presentation
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Investors > News Details
January 1, 2013 files/design/bodybg/presentation-details.jpg
Investors > Presentation Details
January 1, 2013 files/design/bodybg/quarterly-reports.jpg
Investors > Quarterly Reports
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Investors > Regulatory Filings
January 1, 2013 files/design/bodybg/regulatory-filings.jpg
Investors > Regulatory Filing Details
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Annual Report 2012
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Message from the Founder and Chairman
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Financial Highlights
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Message from the President and CEO
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Focus on Free Cash Flow
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > World Class Assets
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Exploration
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Corporate Responsibility
January 1, 2013 files/design/bodybg/2012-annual-report.jpg
Investors > Ethical Business Practices
January 1, 2013 files/design/bodybg/manage-your-shares.jpg
Investors > Manage Your Shares
January 1, 2013 files/design/bodybg/glossary.jpg
Investors > Tax Information – PDG Shareholders
January 1, 2013 files/design/bodybg/operations.jpg
Operations
January 1, 2013 files/design/bodybg/north-america.jpg
Operations > North America
January 1, 2013 files/design/bodybg/hemlo.jpg
Operations > North America > Hemlo
January 1, 2013 files/design/bodybg/pueblo-viejo.jpg
Operations > North America > Pueblo Viejo
January 1, 2013 files/design/bodybg/bald-mountain.jpg
Operations > North America > Bald Mountain
January 1, 2013 files/design/bodybg/cortez.jpg
Operations > North America > Cortez
January 1, 2013 files/design/bodybg/golden-sunlight.jpg
Operations > North America > Golden Sunlight
January 1, 2013 files/design/bodybg/goldstrike.jpg
Operations > North America > Goldstrike
January 1, 2013 files/design/bodybg/marigold.jpg
Operations > North America > Marigold
January 1, 2013 files/design/bodybg/round-mountain.jpg
Operations > North America > Round Mountain
January 1, 2013 files/design/bodybg/ruby-hill.jpg
Operations > North America > Ruby Hill
January 1, 2013 files/design/bodybg/turquoise-ridge.jpg
Operations > North America > Turquoise Ridge
January 1, 2013 files/design/bodybg/south-america.jpg
Operations > South America
January 1, 2013 files/design/bodybg/veladero.jpg
Operations > South America > Veladero
January 1, 2013 files/design/bodybg/lagunas-norte.jpg
Operations > South America > Lagunas Norte
January 1, 2013 files/design/bodybg/australia-pacific.jpg
Operations > Australia Pacific
January 1, 2013 files/design/bodybg/cowal.jpg
Operations > Australia Pacific > Cowal
January 1, 2013 files/design/bodybg/kalgoorlie.jpg
Operations > Australia Pacific > Kalgoorlie
January 1, 2013 files/design/bodybg/kanowna.jpg
Operations > Australia Pacific > Kanowna
January 1, 2013 files/design/bodybg/plutonic.jpg
Operations > Australia Pacific > Plutonic
January 1, 2013 files/design/bodybg/yilgarn.jpg
Operations > Australia Pacific > Yilgarn South
January 1, 2013 files/design/bodybg/porgera.jpg
Operations > Australia Pacific > Porgera
January 1, 2013 files/design/bodybg/copper.jpg
Operations > Cooper
January 1, 2013 files/design/bodybg/zaldivar.jpg
Operations > Cooper > Zaldívar
January 1, 2013 files/design/bodybg/jabal-sayid.jpg
Operations > Cooper > Jabal Sayid
January 1, 2013 files/design/bodybg/lumwana.jpg
Operations > Cooper > Lumwana
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama FAQ's
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama > Photos — Project Overview
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama > Photos — Project Overview
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama > Photos — November 2012
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama > Photos — December 2012
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama > Photos — January 2013
January 1, 2013 files/design/bodybg/pascua-lama.jpg
Operations > Projects > Pascua-Lama > Photos — February 2013
January 1, 2013 files/design/bodybg/cerro-casale.jpg
Operations > Projects > Cerro Casale
January 1, 2013 files/design/bodybg/reko-diq.jpg
Operations > Projects > Reko Diq
January 1, 2013 files/design/bodybg/kabanga.jpg
Operations > Projects > Kabanga
January 1, 2013 files/design/bodybg/donlin-gold.jpg
Operations > Projects > Donlin Gold
January 1, 2013 files/design/bodybg/responsibility.jpg
Responsibility
January 1, 2013 files/design/bodybg/our-approach.jpg
Responsibility > CSR Advisory Board
January 1, 2013 files/design/bodybg/our-approach.jpg
Responsibility > Our Commitment
January 1, 2013 files/design/bodybg/people.jpg
Responsibility > Community
January 1, 2013 files/design/bodybg/our-approach.jpg
Responsibility > Heart of Gold Fund
January 1, 2013 files/design/bodybg/safety.jpg
Responsibility > Safety & Health
January 1, 2013 files/design/bodybg/human-rights.jpg
Responsibility > Human Rights
January 1, 2013 files/design/bodybg/ethics.jpg
Responsibility > Ethics
January 1, 2013 files/design/bodybg/reporting.jpg
Responsibility > Reporting
January 1, 2013 files/design/bodybg/profile.jpg
Company > About Us
January 1, 2013 files/design/bodybg/management.jpg
Company > Management
January 1, 2013 files/design/bodybg/governance.jpg
Company > Governance
January 1, 2013 files/design/bodybg/history.jpg
Company > History
January 1, 2013 files/design/bodybg/glossary.jpg
Company > Glossary
January 1, 2013 files/design/bodybg/careers.jpg
Careers
January 1, 2013 files/design/bodybg/careers.jpg
Careers > Co-op/New Grads
January 1, 2013 files/design/bodybg/careers.jpg
Careers > Why Barrick?
January 1, 2013 files/design/bodybg/careers.jpg
Careers > FAQs
January 1, 2013 files/design/bodybg/video.jpg
Careers > Remarkable people in Nevada
January 1, 2013 files/design/bodybg/video.jpg
Careers > Remarkable people at Barrick
January 1, 2013 files/design/bodybg/video.jpg
Careers > Remarkable people in South America
January 1, 2013 files/design/bodybg/video.jpg
Careers >Remarkable people in Australia
January 1, 2013 files/design/bodybg/suppliers.jpg
Suppliers
January 1, 2013 files/design/bodybg/contact-us.jpg
Contact Us
January 1, 2013 files/design/bodybg/legal.jpg
Legal & Privacy
January 1, 2013 files/design/bodybg/search-results.jpg
Search Results
January 1, 2013 files/design/bodybg/responsibility.jpg
Page Not Found
January 1, 2013 files/design/bodybg/exploration.jpg
Operations > Exploration
January 1, 2013 files/design/bodybg/pierina.jpg
Operations > Pierina
January 1, 2013 files/design/bodybg/environment.jpg
Responsibility > Environment
January 1, 2013 files/design/bodybg/security.jpg
Responsibility > Security
January 1, 2013 files/design/bodybg/stock-performance.jpg
Investors > Share Price & Dividend
January 1, 2013 files/design/bodybg/investor-relations.jpg
Investors Page
January 1, 2013 files/design/bodybg/home-barrick-gold.jpg
Home Page
January 1, 2013 files/design/bodybg/bod.jpg
Company > Board of Directors
January 1, 2013 files/design/bodybg/quarterly-reports.jpg
Investors > Annual Meeting of Shareholders
Gold  $ 1,315.30 +3.27 +0.25% Volume: September 20, 2017
ABX NYSE  $ 16.90 -0.02 -0.12% Volume: 7,934,976 September 19, 2017
ABX TSX  $ 20.73 -0.08 -0.38% Volume: 2,761,350 September 19, 2017
Gold  $ 1,315.30 +3.27 +0.25% Volume: September 20, 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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