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Social & Economic Development

Delivering Local Value

Our goal is to help build resilient economies and thriving communities that extend well beyond the life of a mine.

Across our operations, local employment, procurement, and community investment are the primary channels through which economic value is distributed. These are not separate from the business. They are embedded in how we operate and directly influence stability, performance, and long-term outcomes.

The extent to which local people and businesses are able to participate in our operations shapes the resilience of local economies and the stability of our operations.

Our focus is on delivery. This means applying consistent standards, building local capability, and ensuring that value created through our operations supports long-term economic participation.

Creating long-term value at a local level requires strong partnerships, local participation and disciplined execution across our operations. Our mines contribute to economic development through employment, local procurement, infrastructure and skills development in the communities and countries where we operate.
 

Delivering Local Value Sustainability Report 2025

Economic Value Statement – 2025

We're proud of the contributions we make to society, particularly the countries and communities in which we operate.

The image shows an infographic about economic value distribution across different categories. It features colorful panels with financial figures and icons representing different sectors.

Community Led Investment by Theme

In 2025, we invested $62.3 million in community development across our global operations. At Barrick, we have learned that stronger long-term outcomes are achieved when communities play a direct role in defining priorities and shaping investment decisions. Our role is to support that process through disciplined investment, governance and long-term oversight.

A treemap showing 2025 budget allocation across seven spending categories: Infrastructure ($13.6M), Economic Development ($17.5M), Education ($9.5M), Integrated development spending ($10.5M), Health ($7.4M), Arts, Culture and Sports ($2.6M), and Water Infrastructure ($985K). Each colored block's size represents its proportional budget share.