Directory

5,956 (2,472 employees and 3,484 contractors) in 2022

The Loulo-Gounkoto complex is owned by Barrick Gold Corporation (80%) and the State of Mali (20%). The Loulo gold mine is owned by Société des Mines de Loulo SA (Loulo) and the Gounkoto gold mine is owned by Société des Mines de Gounkoto (Gounkoto), with both entities having the same 80/20 ownership structure.

Production overview - 2023: gold 547000 oz; 2022: gold 684000 oz.

The Loulo processing plant utilises a carbon-in-leach (CIL) gold extraction method and has a capacity of 5.0 million tonnes per annum (mtpa). There are plans to increase the annual capacity to 6.2mtpa starting from 2029. The processing circuit includes a primary gyratory crusher, secondary and tertiary hydrocone crushers, and a ball mill.

The open-pit mining fleet includes Liebherr 9350 and 9250 excavators, Caterpillar 777D and HD785 dump trucks, and Caterpillar 992-wheel loaders. The underground operations are equipped with development and production drills, trucks, and load-haul-dumps (LHDs) with remote and automated capabilities.

A third underground mine at Gounkoto was commissioned, with ore production from stoping expected to begin in the second quarter of 2023. A technical report was published in March 2023, which included an updated life of mine plan to 2037. In recent developments, there has been a dispute between Barrick Gold and the Malian government, which led to a temporary suspension of operations in January 2025. However, an agreement was reached to resolve the disputes. As of early 2026, a gradual restart of the mine was planned, with a projected production of 260,000 to 290,000 ounces of gold for the year.

3,173 (end of 2025, including contractors); 2,988 (2024, including 950 permanent employees and 2,038 contractors); 2,883 (2023, including 1,014 permanent staff and 1,869 contractors)

The Kibali mine is owned by Kibali Goldmines SA, a joint venture between Barrick Gold Corporation (45%), AngloGold Ashanti (45%), and Société Minière de Kilo-Moto (SOKIMO) (10%). It is operated by Barrick Gold. The operation combines open-pit mining from several satellite pits with a significant underground mine.

Production overview - 2025: gold 303000 oz; 2024: gold 686000 oz.

processing plant with a throughput capacity of approximately 7.2 million tonnes per annum, twin-circuit system to handle both oxide and sulphide ores, utilising conventional carbon-in-leach (CIL) technology and a gravity recovery circuit

processing plant, twin-circuit system, carbon-in-leach (CIL) technology, gravity recovery circuit

Ongoing exploration in ARK-KCD corridor for additional orebodies; solar plant with battery energy storage system completed by mid-2025.

The transition to care and maintenance resulted in redundancies. The mining contractor, Perenti, which employed 179 people at the site through its subsidiary Barminco, planned to redeploy its workforce to other projects.

The Cosmos Project, owned by IGO Limited, is located 30km north of Leinster in Western Australia. The project was transitioned into care and maintenance in June 2024. This decision was made following a review that highlighted a reduced expected mine life, delays in reaching full production capacity, and increased operating and capital costs, all exacerbated by a significant deterioration in commodity prices. IGO intends to maintain the project with the option to restart should market conditions improve.

Prior to entering care and maintenance, key activities included the wet commissioning of the processing plant and the processing of existing ore on the run-of-mine pad. A landmark study completed in May 2024 confirmed the technical and economic feasibility of converting the underground fleet from diesel to battery electric vehicles, which would be competitive with the planned diesel fleet.

The mining contractor had approximately $25 million of plant and equipment on site. A study assessed the feasibility of replacing the planned diesel fleet, which included two 63-tonne diesel trucks and three diesel loaders, with battery electric equivalents.

During the care and maintenance period, IGO is assessing select exploration programs to potentially increase the mineral resource, with a particular focus on the AM5 and AM6 orebodies. The company is also continuing exploration for lithium at the Cosmos Project. As part of a broader portfolio rationalisation, IGO is exploring options for the Cosmos site and its infrastructure, noting the region's prospectivity for gold and other minerals and the potential for the existing plant and equipment to be repurposed.

Production at Forrestania ceased in September 2024, and the site was transitioned to care and maintenance. IGO Limited retains nickel and lithium rights, while Medallion Metals Limited acquired gold assets and the processing facility.

Production overview - 2024: nickel 2089 t; 2022: nickel 22915 t.

The operation includes the Cosmic Boy processing facility. Medallion Metals intends to use the Forrestania infrastructure as a long-term gold processing and development hub for the region, treating ore from its nearby Ravensthorpe Gold Project.

Cosmic Boy processing facility

Medallion Metals acquired the Forrestania Nickel Operation assets, including the Cosmic Boy processing plant and infrastructure, with plans to use it as a central processing hub for regional gold and copper assets. IGO Limited retains rights for nickel and lithium exploration, development, and mining on the tenements.

During its operation under ASARCO, the mine employed approximately 320 people. When Revett reopened the mine in 2005, it employed about 200 people. In July 2015, during the initial phase of closure, seven people were working at the site.

The Troy Mine is a closed underground copper and silver mine located in Lincoln County, Montana. The ore body was discovered in 1963, and after extensive exploration, the mine was developed by ASARCO, with construction beginning in 1979. Hecla Mining Company acquired Revett Minerals in March 2015 and announced the permanent closure of the Troy Mine.

Production overview - 2012: silver 1.325 Moz; 1984: copper 17200000 kg, silver 4269000 oz.

The Troy Mine utilised the room and pillar mining method. Ore was transported by trucks to an underground crusher and then moved to the mill via a conveyor system. The milling process involved crushing, grinding, and concentration by flotation.

underground crusher, conveyor system

In March 2015, Hecla Mining Company acquired Revett Minerals, which led to the permanent closure of the Troy Mine.

The Kinskuch property is located in the Golden Triangle of north-western British Columbia and is contiguous with Dolly Varden's Kitsault Valley Project. The property is considered to be underexplored but prospective for silver, gold and copper mineralisation. The project is situated on the traditional lands of the Nisga'a and Gitanyow peoples and holds a five-year exploration permit. There is no current mining operation, and the project is in an exploration phase.

zero in 2021

The Aurora mine in Mineral County, Nevada, is owned and operated by Hecla Mining Company. The mine's current status is care and maintenance. A significant development is the approval of the Polaris Exploration Project, a major exploration program scheduled to commence in 2026, involving drilling at multiple epithermal vein systems including Martinez, Juniata, Ann, Brawley Peak, Sawtooth Ridge, and Polaris. The district has a history of high-grade gold and silver production.

Existing infrastructure at the site includes a 600-ton-per-day mill.

Polaris Exploration Project, a major exploration program scheduled to commence in 2026. The program will test near-surface targets, including Martinez, Juniata, and Ann, as well as deeper systems at Brawley Peak, Sawtooth Ridge, and Polaris.

444 (as of 2025)

Production overview - 2025: silver 5300000 oz, lead 34280 t, zinc 14920 t; 2024: silver 4900000 oz, lead 31300 t, zinc 13500 t.

The mine has a surface processing plant with a capacity of 1,000 tons of ore per day. The process involves crushing, grinding, and flotation to produce silver-lead and zinc concentrates. The coarse mill tailing is mixed with cement and used as backfill. Concentrates are shipped to a smelter in Trail, British Columbia, Canada.

The mine utilises rubber-tired equipment to access the veins through ramps. This includes 1 yd3 and 2 yd3 loaders and single boom jumbos. The patented Underhand Closed Bench (UCB) mining method is a key innovation, used for 88% of the tons mined in 2025. This method involves drilling and blasting downward from a supported top cut.

A significant capital investment of up to $73 million is underway, focusing on underground development, a new tailings facility, and a surface cooling project. The surface cooling project is critical for accessing deeper, high-grade zones and is expected to be completed by mid-2026. The #4 Shaft project is now complete and operational, extending 9,600 feet below the surface to access the Gold Hunter/Lucky Friday Expansion Area. Hecla Mining Company now controls 100% of the Gold Hunter deposit.

Seadog is a prospect that forms part of Core Lithium's 100% owned Finniss Lithium Project, located on the Cox Peninsula in the Northern Territory, Australia, approximately 88 kilometres by road from the Port of Darwin. It is considered a new discovery, alongside the Blackbeard prospect, and is undergoing follow-up RC drilling to extend high-quality results from its discovery in 2022.

Production overview - 2024: lithium 1.41 Mt.

Part of broader exploration focus at the Finniss project, which is testing large-scale pegmatite targets.

The Booths deposit is a component of Core Lithium's 100% owned Finniss Lithium Project, located on the Cox Peninsula in the Northern Territory, Australia, approximately 88 kilometres by road from Darwin Port. It is situated within the Bynoe Pegmatite Field. The operating status of the broader Finniss Lithium Operation, which includes the Booths deposit, was transitioned to temporary care and maintenance in mid-2024. As of 11 April 2024, the Mineral Resource Estimate for the Booths deposit increased to 3.24 million tonnes at a grade of 1.02% Li2O.

No specific workforce assigned to the Sandras deposit as it is not in production.

The Sandras prospect is a lithium deposit held by Core Lithium Ltd. It is located on the Cox Peninsula, approximately 45 kilometres south of Darwin in the Northern Territory, Australia. It forms part of Core Lithium's broader Finniss Lithium Project, which is centred on the Bynoe Pegmatite Field. Sandras is one of the primary pegmatites identified in the southern area of the field.

Production overview - 2024: lithium 1.73 Mt; 2018: lithium 1.3 Mt.

The broader Finniss Lithium Project includes a 1 million tonne per annum Dense Media Separation (DMS) processing plant located at the Grants deposit, which would be the likely processing route for any future ore from Sandras.

No specific processing plant, equipment, or workforce assigned to the Sandras deposit as it is not in production. The broader Finniss Lithium Project includes a 1 million tonne per annum Dense Media Separation (DMS) processing plant located at the Grants deposit.

6,185 (96% Tanzanian nationals, 53% from surrounding communities)

The North Mara Gold Mine is a significant gold-producing operation located in the Tarime District of the Mara Region in Tanzania. It commenced commercial production in 2002 and consists of a combination of open pit and underground operations, with primary deposits being Gokona (underground) and Nyabirama (open pit).

Processing plant capacity: 8,000 tonnes of ore per day.

The processing plant has a capacity to process an average of 8,000 tonnes of ore per day and utilises a conventional carbon-in-leach (CIL) technology. A new crushing plant was planned for commissioning in Q4 2023.

Underground mining fleet: Sandvik TH540, TH551i, and TH663i trucks; Caterpillar R2900G LHDs; Sandvik production and development drills. Open pit operations: ten new Cat 777 trucks commissioned in Q4 2022.

Restart of mining at the Gena pit. Investment of over $65 million in a water treatment plant (capacity increased from 2.5 ML/day to 40 ML/day). Gokona Boxcut Project, including development of a new surface decline at the Gokona deposit (expected completion Q1 2025), with Gokona cutback to commence in Q2 2025.

peak of 150-180 jobs during operations

The Grants Lithium Project, operated by Core Lithium Ltd., is located in the Northern Territory, Australia, within the Bynoe Pegmatite Field. The mine, currently in care and maintenance, is an open-pit operation extracting lithium from spodumene-bearing pegmatite. Mining commenced in late 2022 but was paused in early 2024. A restart of operations, including the Grants open pit, was approved in March 2026. Processing involves Dense Media Separation (DMS) to produce lithium concentrate.

Production overview - 2025: lithium 1.53 Mt.

Dense Media Separation (DMS) to produce a lithium concentrate, crushing and screening

crushing plant, crushing and screening infrastructure

plans to transition to an underground mine at a later stage; restart plan proposes recommencing mining at Grants to extract remaining reserves over a 12-18 month period

Production overview - 2025: gold 13000000 oz; 2024: gold 6400000 oz.

Metallurgical testing indicates the ore requires a single-stage roast, which is a lower-cost processing method compared to the nearby Goldrush deposit.

The Fourmile project is located adjacent to the Goldrush project, which is part of the Cortez complex. A preliminary economic assessment (PEA) points to the potential for Fourmile to become a Tier One asset, with projected annual production between 600,000 and 750,000 ounces of gold. Barrick is advancing permitting and plans to begin construction of an exploration decline in 2026. A prefeasibility study is expected to be completed in late 2028, followed by an independent feasibility study in 2029. Barrick intends to include the Fourmile deposit in a planned initial public offering of its North American assets.

As of 2023, the mine employed an average of 3,102 workers, including contractors.

Production overview - 2025: copper 73700 t; 2023: copper 40500 t.

The mine produces copper cathodes through a process of heap leaching, solvent extraction, and electrowinning (SX-EW). Ore undergoes a three-stage crushing process before being stacked for heap leaching, which uses chemical and bacteriological agents. A solvent extraction plant concentrates and purifies the copper from the leach solution, and an electrowinning plant produces the high-grade cathode copper. A flotation plant is also used to recover copper as concentrate from the fine fraction of crushed ore.

The operation utilises a traditional truck and shovel fleet for mining.

The Chilean Environmental Authority's approval for the mine life extension to 2051 also allows for a transition to a new long-term water supply, which will be either sea water or from a third-party source, starting after 2028. The mine will continue to use its existing water supply until 2028. The approved plan enables the potential development of primary sulphide ore resources, in addition to the currently mined secondary sulphides. Attributable capital expenditure for Antofagasta in 2025 was $60.8 million.

approximately 2,350 employees and 2,500 contractors

The Pueblo Viejo mine is located in the Sánchez Ramírez Province of the Dominican Republic, approximately 100 kilometres northwest of the capital city, Santo Domingo. It is an open-pit mine that produces gold and silver. The operation is a joint venture, with Barrick Gold Corporation holding a 60% ownership interest and Newmont Corporation holding the remaining 40%.

Production overview - 2018: gold 581000 oz.

crushing and grinding, followed by pressure oxidation (POX) in four autoclaves, gold extraction using a cyanide carbon-in-leach circuit. Processing plant has a design capacity of 24,000 tonnes per day.

gearless mill drives (GMD), 230 MW dual-fuel power plant, 4,000 t/d oxygen plant

A significant expansion project is underway to extend the mine's life to beyond 2040. This expansion includes increasing the process plant's capacity and constructing a new tailings storage facility (TSF). The expansion is designed to sustain annual gold production at over 800,000 ounces.

approximately 3,200 people by the end of 2024

Production overview - 2025: gold 279000 oz; 2009: gold 572595 oz, silver 94764 oz.

The processing plant includes a crushing and grinding circuit, gravity recovery, flotation, pressure oxidation, and carbon-in-pulp (CIP) and carbon-in-leach (CIL) circuits for gold recovery.

The open pit operation has historically used a fleet of O&K shovels and Caterpillar 777 and 789 trucks. The underground mine has utilised Elphinstone LHDs and trucks. A recent fleet replacement includes four Sandvik DR410i rotary blasthole drill rigs and three Leopard DI650i down-the-hole drill rigs for the surface operations.

Following the signing of a new agreement, New Porgera Limited was granted a Special Mining Lease. The new structure ensures that PNG stakeholders receive 53% of the overall economic benefits. The company is working towards reaching full production capacity.

The mine employs 2,923 people, with 96% being Tanzanian nationals and 46% from the local communities.

Production overview - 2023: gold 253000 oz.

The process plant has a capacity to process an average of 8,000 tonnes of ore per day. The mine utilises conventional carbon-in-leach (CIL) technology to process both oxide and sulphide reserves.

The underground mining fleet includes Sandvik TH540, TH551i, and TH663i trucks, and Caterpillar 2900G LHDs, along with Sandvik production and development drills. The open pit operation uses Cat 777 trucks.

The restart of mining at the Gena Pit was in the second half of 2023. As of the end of 2024, development of a new surface decline at the Gokona deposit (Gokona Boxcut Project) had commenced, with the paste plant and filtration plant commissioning in the final stages. The Gokona cutback is expected to commence in the second quarter of 2025.

The Turquoise Ridge Complex is operated by Nevada Gold Mines, a joint venture between Barrick Gold and Newmont Corporation that was formed on 1 July 2019. The complex includes the Turquoise Ridge underground mine and the former Twin Creeks mine, which has surface and underground operations.

Production overview - 2023: gold 513821.1382926829 oz; 2022: gold 500000 oz.

Processing of oxide and refractory ores is done at the Juniper oxide mill and the Sage autoclave.

The Turquoise Ridge Complex is operated by Nevada Gold Mines, a joint venture between Barrick Gold and Newmont Corporation that was formed on 1 July 2019. The complex includes the Turquoise Ridge underground mine and the former Twin Creeks mine, which has surface and underground operations. A third shaft was recently constructed. Production at the Turquoise Ridge Surface operations resumed in December 2024, with mining from the open pits expected to continue until 2032.

Approximately 500 jobs during construction and 570 jobs once operational.

The Goldrush underground mine, part of the Cortez Complex, opened on 25 April 2024 and is ramping up production, targeting commercial production by 2026. Forecast production is 130,000 oz gold in 2024, rising to 400,000 oz/year by 2028.

Forecast to produce 130,000 ounces of gold in 2024, with production expected to increase to approximately 400,000 ounces per year by 2028.

As of 31 December 2024, the Cortez Gold Mine employs approximately 1,700 workers and an average of 300 contractors.

Production overview - 2023: gold 892000 oz; 2022: gold 730913 oz.

Ore from the Cortez Complex is processed at an oxide mill and on heap leach pads. Refractory ore is transported to Barrick's Goldstrike operation for processing. The processing facilities include the Pipeline mill (an oxide mill), and heap leach areas.

The open pit operations utilise a fleet of 400-short-ton Liebherr T 282 B haul trucks.

The Cortez Complex is undergoing significant expansion, primarily through the Goldrush project, which is expected to extend the mine's life for the long term. The Record of Decision for the Goldrush project was received in December 2023, allowing for the commencement of surface infrastructure work. The project is forecast to produce approximately 130,000 ounces of gold in 2024, with commercial production anticipated in 2026. Production is expected to ramp up to approximately 400,000 ounces per year by 2028. The Goldrush project is anticipated to create 500 jobs during construction and 570 jobs during operations. The total anticipated capital expenditure for the Goldrush project is approximately $1 billion. The Robertson deposit is another key project that contributes to the Cortez reserve base and has potential for further growth. A Record of Decision was received in 2024, with ground clearing for mining preparation underway. The Fourmile Project, a high-grade undeveloped gold deposit, is 100% owned by Barrick and is located near the Goldrush project. The permits for Goldrush provide access to the Fourmile orebody.

The Loulo-Gounkoto complex is located in western Mali and consists of two distinct mining permits, Loulo and Gounkoto. It is a joint venture between Barrick Gold Corporation (80%) and the State of Mali (20%). The complex features both open-pit and underground mining operations. Open-pit mining uses conventional drill, blast, load, and haul methods, while the underground mines employ long-hole stoping with paste fill.

Production overview - 2025: gold 36250 oz; 2024: gold 723000 oz.

Ore from both the Loulo and Gounkoto operations is processed at the Loulo plant, which uses a carbon in leach (CIL) circuit. The plant has a throughput capacity of approximately 4.8 to 5.1 million tonnes per annum.

Open-pit mining uses conventional drill, blast, load, and haul methods, while the underground mines employ long-hole stoping with paste fill.

There are plans to expand the plant's capacity to 6.2 Mtpa, with completion scheduled before 2029.