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Barrick Gold history
Barrick Gold company history timeline
Ongoing exploration and drilling continue in the region, as well as on properties in Canada, South America, and Africa, with projections to reach more than five million ounces of gold production by 2003.
The company offered US $9.2 billion for Placer Dome Inc. in a bid announced October 31, 2005.
The MPs also criticised the government for not revoking tax exemptions on mining companies following the revocation of a 2005 Government Notice that allowed the benefit.
On August 14, 2006, NovaGold filed a lawsuit in British Columbia, Canada alleging that Barrick misused confidential information to make its bid for Pioneer metals.
The transaction closed in early 2006, making Barrick the world’s largest gold producer.
In November 2007, NovaGold and Teck Cominco announced the suspension of Galore Creek project and Nova Gold share plummeted.
Despite increasing dissatisfactions with Barrick, the government in 2007 concluded a ‘development agreement’ with the company for a new mine at Buzwagi.
Barrick Gold created the largest stock offering in Canadian history during 2009, when it issued a $3 billion equity offering, which was increased the following day to $3.5 billion in response to market demand.
In 2009 Members of Parliament pressed for the closure of the North Mara Gold Mine Barrick gold mine for poisoning a vital river, the Tigithe River.
The Buzwagi project poured first gold in second quarter 2009, contributing about 200 thousand ounces in 2009 at total cash costs of about US$320 to US$3357 per ounce.
African Barrick Gold was listed on the London Stock Exchange in mid-March 2010, with an IPO valuation at US$3.6 billion.
In August 2013 Barrick agreed to sell its Yilgarn South assets in Western Australia to South Africa’s Gold Fields for $US300 million divesting its granny smith darlot and lawlers mine operations.”
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Barrick Gold competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Kinross Gold | 1980 | $3.5B | 75 | 58 |
| ASARCO | 1899 | $660.0M | 2,000 | 1 |
| Phelps Dodge International Corporation | 1956 | $800.0M | 15,000 | - |
| Westmoreland Coal Co | 1854 | $1.4B | 2,950 | 5 |
| Stillwater Mining Co | 1992 | $711.3M | 1,432 | - |
| Hecla Mining | 1891 | $929.9M | 1,650 | 39 |
| Alpha Metallurgical Resources | 2002 | $3.0B | 3,000 | - |
| The Doe Run Company | 1864 | $860.0M | 1,278 | 37 |
| Intrepid Potash | 2000 | $254.7M | 440 | 21 |
| Coeur Mining | 1928 | $1.1B | 1,898 | 74 |
Barrick Gold history FAQs
Zippia gives an in-depth look into the details of Barrick Gold, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Barrick Gold. The employee data is based on information from people who have self-reported their past or current employments at Barrick Gold. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Barrick Gold. The data presented on this page does not represent the view of Barrick Gold and its employees or that of Zippia.
Barrick Gold may also be known as or be related to Barrick Gold, Barrick Gold of North America Inc and Barrick Gold of North America Inc.