Barrick Gold’s Revenue Breakdown by Product (2013-2022)

This statistic highlights Barrick Gold’s Revenue Breakdown by Product, split between Copper, Gold, and other metals, reported on annually from 2013 onwards.

Barrick Gold’s Revenue Breakdown by Product

The Major Revenue Breakdown by Product contains Copper, Gold as well as other metals as follows:

(All the figures are in USD billinos, except percentages)

As per the above annual data, Copper contributed $0.7 billion in the year 2020, which was lesser than the year 2022, which was $0.9 billion. It was nearly 22.22% downwards. Copper contributes 8% to metals. Gold contributed $11.7 billion in 2020 and contributed $9.9 billion in 2022. It contributes the major portion of Barrick Gold, which was 90%. It was 15.38% downwards from 2020 to 2022. In 2020 other metals which was $0.2 billion and in 2022, they were $0.2 billion was nearly similar in 2022. It contributes only 2% of the total metals.

Copper

The company has copper operations in Jabal Sayid (Saudi Arabia), Lumwana (Zambia) as well as Zaldivar (Chile). The Jabal Sayid copper operation is located 350 kilometers northeast of Jeddah in the Kingdom of Saudi Arabia. It’s a 50/50 joint venture operation with Ma’aden. The Lumwana is located about 100 kilometers west of Solwezi in Zambia’s Copperbelt as well as one of the most prospective copper regions in the world. Lumwana ore, which is predominantly sulfide, is treated through a conventional sulfide flotation plant, producing copper concentrate. Additionally, the Zaldívar copper mine is a 50/50 joint venture with Antofagasta Plc, the mine operator. By and large, it’s located in the Andean Precordillera in Region II of northern Chile, approximately 1,400 kilometers north of Santiago and 196 kilometers southeast of the port city of Antofagasta.

Gold

Gold Mines are in Nevada Gold Mines (US), Bulyanhulu (Tanzania), Hemlo (Canada), Kibali (Democratic Republic of Congo), Loulo-Gounkoto (Mali), Veladero (Argentina), Pueblo Viejo (Dominican Republic) and also in Tongon (Cote Divore). Nevada Gold Mines is a joint venture between Barrick (61.5%) and Newmont (38.5%) that combined the significant assets across Nevada in 2019 to create the single largest gold-producing complex in the world. Bulyanhulu is a narrow-vein gold mine containing gold, silver, and copper mineralization in sulfides. Additionally, Bulyanhulu commenced commercial production in 2001. Hemlo 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.

Other Metals

Barrick Gold Corporation is focused on gold mining and does not produce significant amounts of other metals. However, Barrick Gold’s operations may involve the extracting and producing of other metals as by-products of gold mining. These metals can include silver, copper, zinc, and others, depending on the specific ore deposits and the mining processes involved. It was worth noting that the company’s primary focus and expertise lie in gold mining.

About Barrick Gold

Barrick Gold operates a portfolio of mines across several continents, including North America, South America, Africa, and Australia. The company focuses on gold mining and produces other metals like copper. It is a leading international gold mining company headquartered in Toronto, Canada. It is also one of the largest gold mining companies globally, with operations in various countries in the world. Barrick Gold Corporation (NYSE: GOLD) announced a dividend of $0.10 per share for the first quarter of 2023. 

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