Loading metal prices...

From Gold to Growth: Barrick Mining Corporation Sets Course for Copper

2 mins reading
From Gold to Growth: Barrick Mining Corporation Sets Course for Copper
From Gold to Growth: Barrick Mining Corporation Sets Course for Copper
Share:

The historic Barrick Gold Corporation has officially changed its name to Barrick Mining Corporation, reflecting more accurately its corporate strategy of sustained growth in both gold and copper. The decision was approved today by majority vote at the company’s Annual and Special Meeting of Shareholders. In French, the name changes from Société aurifère Barrick to Société minière Barrick.

By Panorama Minero

This move marks a milestone in the evolution of one of the world's largest mining companies, as it steps away from a brand historically associated with gold to embrace a broader identity aligned with its expanding presence in the copper sector.

New Ticker Symbol and Diversified Outlook

As part of the transformation, the company’s common shares will begin trading under the new ticker symbol ‘B’ on the New York Stock Exchange (NYSE) as of May 9, 2025, replacing the previous ‘GOLD’ symbol. On the Toronto Stock Exchange (TSX), the shares will continue trading under the symbol ‘ABX’. The new CUSIP number assigned will be 06849F108.

Mark Bristow, President and CEO of the newly renamed Barrick Mining Corporation, explained: "This is more than a name change. Barrick is building a copper growth platform that complements our gold leadership. Our mission is to become the world’s most valuable mining company in both metals.”

With six Tier One gold mines and a growing copper portfolio, Barrick is advancing major projects such as the Pueblo Viejo expansion (Dominican Republic), the Fourmile project in Nevada, and Reko Diq in Pakistan—one of the world’s largest copper-gold deposits. In Argentina, the company operates the well-known Veladero mine and holds exploration projects in copper, gold, and silver.

This change in corporate identity reflects a broader structural trend in the mining sector: copper is gaining prominence on the strategic agenda of global miners, driven by electrification, the energy transition, and the need to diversify revenue streams in the face of gold price cycles.

“With this decision, Barrick reaffirms its ambition to position itself as a global, integrated, and forward-looking mining company—ready to lead in both gold and copper for decades to come.”

Published by: Panorama Minero

Category: News

Join our mining community!


Subscribe to our newsletter for exclusive news, insights, and updates on the mining industry and Panorama Minero's latest initiatives.

Illustrative image for the article: AOMA Secures 8% Salary Hike for Argentina’s Extractive Mining Workforce

AOMA Secures 8% Salary Hike for Argentina’s Extractive Mining Workforce

The Argentine Mining Workers’ Union (AOMA) has reached a new wage agreement with the Argentine Chamber of Mining Companies (CAEM), establishing a cumulative 8% increase in base salaries for the extractive segment. The adjustment will be applied in two stages: 4% in March and 4% in April.

Battery Metal Volatility and Its Strategic Impact on Mining

Battery Metal Volatility and Its Strategic Impact on Mining

Amid a climate of pronounced volatility in key energy transition metals, the latest reports from S&P Global Platts present mixed signals for lithium, cobalt, and recyclable materials such as black mass. These market fluctuations are directly affecting ongoing projects in Argentina — a critical player in the global lithium supply chain.

Arminera 2025 Unveils Its Agenda: Innovation, Knowledge, and a Boost for Investment

Arminera 2025 Unveils Its Agenda: Innovation, Knowledge, and a Boost for Investment

Less than a month before its opening, Arminera 2025 has revealed an ambitious activity agenda, consolidating its role as Argentina’s most important mining event. Organized by the Argentine Chamber of Mining Companies (CAEM) and Messe Frankfurt Argentina, it will take place May 20–22 at La Rural Trade Center in Buenos Aires, bringing together key industry leaders, with participation from provinces, producing countries, and global stakeholders.