Barrick Gold Corporation (NYSE: GOLD) is a significant player in the global economy, particularly within the gold mining industry. Its operations extend across multiple continents, contributing both to local economies and to the global economic landscape and is continuously seeking to expand and enhance its operations through the development of capital projects. Its operating platform holds some of the industry’s prime assets, showcasing its substantial footing in the gold mining industry. Those operations span 14 countries, and it has a notable presence in North America, particularly in Nevada, where it has significant gold operations.
Barrick Gold’s future projects to continue its contributions to the global economy. For instance, it is advancing environmental and social studies at the Reko Diq project in Balochistan, Pakistan, delivering on community development commitments ahead of the targeted first production in 2028.
as of October 4, 2023
The company has 76 million ounces of gold in provable reserves. It also has 150 million ounces of silver and 12,000 million pounds of copper, among others. That equates to $140 billion in gold, $3.17 billion in silver, and $43 billion worth of copper. Roughly 40% of that is attributed to costs of extraction, which leaves well over $100 billion. The company’s market cap is $25 billion. And, those are at today’s prices. Imagine if gold, silver, copper goes higher? A lot higher?