Home > Company Performance > Barrick Gold Corporation
Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. More than 75% of its gold production comes from the Americas. The company was founded in 1983 by Canadian entrepreneur and philanthropist, Peter Munk, and is headquartered in Toronto. Barrick’s shares trade on the New York Stock and Toronto Stock Exchanges under the symbol ABX.
Barrick’s vision is the generation of wealth through responsible mining – wealth for the company’s owners and people, and for the countries and communities with which it partners.
Barrick aims to be the leading mining company focused on gold, growing its cash flow per share by developing and operating high-quality assets, through disciplined allocation of human and financial capital, and operational excellence.
The Hemlo mining operation is located approximately 46 kilometres east of Marathon, Ontario, and has produced gold continuously since 1985. The operation includes an underground mine and open-pit mine complex with a processing facility. Several years ago, the Hemlo operation entered a new phase of its productive life with the purchase of adjacent lands, increasing the site’s mineable reserves. The site’s mine life is now extended until 2027 with the possibility of additional expansions.
Hemlo’s original TSM goal was to achieve and maintain a minimum ranking of a Level A within each Protocol. The site’s extended mine life provides new opportunities for further enhancements to Hemlo’s practices and operating standards. As a result, the site is now seeking higher rankings through continued diligence and the application of TSM, coupled with other international practices and standards.
Hemlo’s commitment to improve is further demonstrated by the site’s continued certification by independent third-party auditors under the International Cyanide Management Code and ISO 14001:2015 for environmental management systems. These certifications, together with TSM, reinforce Barrick’s commitment to the environment and continued sustainability. Hemlo has been recognized by Canada’s Department of Natural Resources for its innovative energy conservation program. It received a Canadian Industry Program for Energy Conservation (CIPEC) Leadership Award for implementing a project that reduced greenhouse gas emissions by 24% and lowered energy consumption by 10% between 2013 and 2015.
As part of its commitment to sustainability, Hemlo continues to expand its external engagement and partnerships. The site was the first in Canada to receive the Mining Essentials and Environmental Monitoring training program for Aboriginal people. This program enabled 10 members of the Pic River First Nation and Pic Mobert First Nation to receive training. Hemlo continues to work on several initiatives with both First Nation communities and other communities of interest.
For more information, please visit www.barrick.com
Facility | Crisis management and communications preparedness | Review | Training |
---|---|---|---|
Barrick Gold Corporation – Corporate | ✔ | ✔ | ✔ |
Hemlo – Williams Mine | ✔ | ✔ | ✕ |
Community of Interest (COI) identification | Effective COI engagement and dialogue | COI response mechanism | Reporting | |
---|---|---|---|---|
Hemlo – Williams Mine |
AAA
AA
A
B
C
Commitments and accountability | Planning and implementation | Training, behaviour and culture | Monitoring and reporting | Performance | |
---|---|---|---|---|---|
Hemlo – Williams Mine |
AAA
AA
A
B
C
Tailings management policy and commitment | Tailings management system | Assigned accountability and responsibility | Annual tailings management review | Operation, maintenance and surveillance (OMS) manual | |
---|---|---|---|---|---|
Hemlo – Williams Mine |
AAA
AA
A
B
C
Commitment, accountability and communications | Conservation planning and implementation | Reporting | |
---|---|---|---|
Hemlo – Williams Mine |
AAA
AA
A
B
C
Energy use and greenhouse gas emissions management | Energy use and greenhouse gas emissions reporting systems | Energy and greenhouse gas emissions performance targets | |
---|---|---|---|
Hemlo – Williams Mine |
AAA
AA
A
B
C
Facility | Total Direct Emissions (Tonnes CO2e) | Total Indirect Emissions (Tonnes CO2e) | Total Emissions | Total Energy Use (GJ) |
---|---|---|---|---|
Hemlo – Williams Mine | 32239 | 35822 | 68061 | 1240137 |
International Initiatives | ||
---|---|---|
Industry Sustainability Initiatives | ICMM Sustainable Development Framework |
✔ |
WGC Conflict Free Gold Standard |
✔ | |
ISO 14001 - EMS Standard |
✔ | |
Management System Standards | UN Global Compact |
✔ |
International Voluntary Initiatives | Extractive Industries Transparency Initiative |
✔ |
Voluntary Principles on Security and Human Rights |
✔ | |
OECD Guidelines for Multinational Enterprises |
✔ | |
AA 1000 |
✔ | |
Reporting, Disclosure and Transparency Standards | Global Reporting Initiative |
✔ |
CDP |
||
Water Disclosure Project |
✔ | |
Carbon Pricing Leadership Coalition |
✔ | |
IFC Social and Environmental Performance Standards |
||
Financing Standards | Dow Jones Sustainability Index |
✔ |
Listed on Socially Responsible Investing Indices | Jantzi Social Index |
|
Responsible Jewellery |
||
Industry Sustainability Initiatives | International Cyanide Code |
✔ |
Kimberley Process |
Barrick Gold Corporation | 2023 | TSM Letter of Assurance
Barrick Gold Corporation | 2016 | TSM Letter of Assurance
Barrick Gold Corporation | 2013 | TSM Letter of Assurance
Barrick Gold Corporation | 2010 | TSM Letter of Assurance
Barrick Gold Corporation | 2007 | TSM Letter of Assurance
Barrick Gold Corporation | Hemlo – Williams Mine | 2023 | Verification Summary Report
Mining Association of Canada
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Ottawa, ON K1P 5H9
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