Mining as a Catalyst for Enduring Economic Growth
At Barrick, we know and have demonstrated that responsible mining drives long-term, sustainable socio-economic development.
More than that, we believe mining should leverage national assets to help build diverse, thriving economies, resilient enough to endure long after mining operations cease.
Our approach is grounded in a simple but fundamental principle: a country’s mineral wealth should benefit its people. We strive to be the partner of choice in unlocking that value, ensuring that mining supports, grows and sustains communities.
Our commitment to community resilience, climate resilience and nature stewardship is embedded in our Sustainable Development Policy and Social Performance Policy. These policies, along with further details on our Community Development and Relations approach, are publicly available on our website. This commitment is more than a statement — it is reflected in the way we work, invest and build lasting partnerships.
Turning Resources into Lasting Impact
Mining is more than an industry, it is an opportunity to create lasting economic and social value. At Barrick, responsible mining is about working alongside governments, communities and local businesses to ensure the benefits of resource development extend well beyond the mine itself.
Through our partnerships, we help drive economic diversification, strengthen local supply chains and support industries that will sustain livelihoods long after mining operations conclude. The economic impact of mining extends far beyond the mine site. Studies suggest that for every dollar generated in mining output, between two and five dollars are created elsewhere in the economy as jobs, businesses and infrastructure emerge to support and sustain the industry.
Communities & People – Sustainability Report 2024