Barrick Gold Corporation is the largest gold mining company in the world.With its headquarters in Toronto, Ontario, Canada; and four regional business units located in Australia, Africa, North America and South America. Barrick is currently undertaking mining and exploration projects in Papua New Guinea, the United States, Canada, Dominican Republic, Australia, Peru, Chile, Russia, South Africa, Colombia, Argentina and Tanzania.
Barrick Gold has an optimistic goal of reaching 7.6 to 8.0 million ounces of gold produced during the current economic year, at a total cash cost of $425 to $455 per ounce. Barrick’s objective is, to be the world’s best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.”
Barrick Gold has been accused of a number of environmentally unsound practices by environmental groups. The company has countered accusations by activists, challenging the accuracy of criticisms. Criticisms include poisonous spills of cyanide, mercury and other heavy metals, leading to environmental damage and the poisoning of human populations.
Critics object to the use of gold cyanidation in the mine at Lake Cowal and other gold mines, and point to the release of approximately seven tons of mercury during 2004–2005 at the Super Pit gold mine a 50/50 joint venture with Newmont Mining Corporation) near the city of Kalgoorlie Boulder, Western Australia. In 2010, the government of Western Australia issued environmental approval for the joint owners, Barrick Gold and Newmont Mining, to expand the mine site and continue operating until 2021.
Barrick operates mines and advanced exploration and development projects on four continents, and holds large land positions on some of the most prolific and prospective mineral trends. Their vision is to be the world’s best gold mining company by operating in a safe, profitable and responsible manner.