Barrick Gold’s Total Production Worldwide (2012-2023)

This statistic highlights Barrick Gold’s Total Production Worldwide, split between Bulyanhulu, Hemlo, Kibali, Loulo-Gounkoto, Nevada Gold Mines, North Mara, Pueblo Viejo, Tongon and Veladero, reported quarterly from 2012 onwards.

Barrick Gold’s Total Production Worldwide

The Major contribution of Gold Mines comes from Bulyanhulu, Hemlo, Kibali, Loulo-Gounkoto, Nevada Gold Mines, North Mara, Pueblo Viejo, Tongon, and Veladero as follows:

Note: Above Contribution is for the year 2023 Q1. All figures are gold produced on an ounce basis.

As per the above statistics, Bulyanhulu had Produced 48,000 ounces of Gold and in 2023 Q1, it reduced to 44,000. Bulyanhulu contributes 5.19% in 2023 Q1 which is the second-lowest contribution of it. Hemlo produced 28,000 ounces in 2022 Q3 as well as in 2022 Q4. Kibali produced 83,000 ounces in 2022 Q3 and 2022 Q4, it increases to 97,000 ounces. Loulo-Gounkoto Contributes 16.17% as well in 2022 Q3, it produced 130,000 and in 2022 it increased to 137,000 ounces.

Nevada Gold Mine is also the Core and main gold mine in Barrick’s Gold Inc. It contributes a huge 49.11% as well as in 2022 Q4 it produced 425,000 and its reduced production in 2023 Q1 to 416,000 ounces. Pueblo Viejo, Tongon, and Veladero contribute 10.51%, 5.90%, and 5.08%. The lowest production came from Veldero and the highest production came from Nevada Gold Mines in 2023 Q1. Overall Production in 2022 Q4 is more than in 2023 Q1.

Bulyanhulu

Bulyanhulu is a narrow-vein gold mine containing gold, silver, and copper mineralization in sulfides. Additionally, Bulyanhulu commenced commercial production in 2001.

Hemlo

Hemlo has produced more than 21 million ounces of gold and has been operating continuously for more than 30 years. Additionally, it is located just north of Lake Superior on the Trans-Canada Highway, about 35 kilometers east of Marathon, Ontario, it’s currently an underground operation.

Kibali

The Kibali gold mine is located in the northeast of the Democratic Republic of Congo (DRC), approximately 220 kilometers east of the capital of the Haut Uele province, Isiro, 150 kilometers west of the Ugandan border town of Arua as well as 1,800 kilometers from the Kenyan port of Mombasa. The mine is owned by Kibali Goldmines SA (Kibali) which is a joint venture company effectively owned 45% by each of Barrick as well as AngloGold Ashanti, and 10% by Société Miniére de Kilo-Moto (SOKIMO).

Loulo-Gounkoto

The Loulo-Gounkoto complex comprises two distinct mining permits, Loulo and Gounkoto, and is situated in western Mali, bordering Senegal and adjacent to the Falémé River. Société des Mines de Loulo SA (Loulo) owns the Loulo gold mine, as well as Société des Mines de Gounkoto (Gounkoto) owns the Gounkoto gold mine. Both Loulo and Gounkoto are owned by Barrick (80%), and the State of Mali (20%).

Nevada Gold Mine

Nevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined our significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world.

North Mara

The North Mara gold mine is located in north-west Tanzania basically in the Tarime district of the Mara region. It is around 100 kilometers east of Lake Victoria and 20 kilometers south of the Kenyan border. North Mara started commercial production in 2002. Additionally, the mine is a combined open pit and underground operation from two deposits, Gokona (underground) and Nyabirama (open pit). The process plant can process an average of 8,000 tonnes of ore per day.

Pueblo Viejo

Pueblo Viejo is located in the Dominican Republic, approximately 100 kilometers northwest of the capital city of Santo Domingo, as well as is operated by the Pueblo Viejo Dominicana Corporation — a joint venture between Barrick (60%) and Newmont (40%). The construction of the project started in 2008, and the first production occurred in 2012.

Tongon

The Tongon gold mine is located within the Nielle mining permit, 628 kilometers north of the Côte d’Ivoire port city of Abidjan, as well as 55 kilometers south of the border with Mali. The Tongon gold mine, as well as the associated mining permit, is owned by Société des Mines de Tongon SA (Tongon), in which Barrick has an 89.7% interest, the State of Côte d’Ivoire 10% and 0.3% held by Ivorian investors.

Veladero

The Veladero mine is located in San Juan Province, Argentina, in the highly prospective Frontera District. Additionally, the property is located at elevations of 4,000 to 4,850 meters above sea level, approximately 374 kilometers northwest of the city of San Juan. Veladero is a 50/50 joint venture operation with Shandong Gold.

About Barrick Gold

Barrick prioritizes community engagement and social responsibility. It strives to create positive impacts in the areas where it operates by investing in local infrastructure, healthcare, education, and economic development initiatives. Over the years, Barrick has undertaken strategic initiatives to optimize its portfolio, reduce debt, and focus on its core assets. The company has divested non-core mines and assets, while actively pursuing partnerships and joint ventures to maximize shareholder value.

Barrick Gold’s financial performance is subject to fluctuations in the gold market as well as other factors affecting the mining industry. The company’s revenue and profitability are influenced by gold prices, production volumes, operating costs, and geopolitical factors. Additionally, Barrick Gold is governed by a board of directors and operated with a focus on transparency and accountability. Barrick Gold is also committed to social and economic development in the communities where it operates. The company invests in local infrastructure, education, healthcare, and sustainable development initiatives.

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