Business Units or Product Lines

Barrick Gold operates primarily through two business units: Gold Production and Copper Production. The company is engaged in the exploration, development, and production of gold as well as copper, with mines located in North America, South America, Africa, and the Middle East.

Business Models for Each Product Line

For its Gold Production, Barrick generates revenue through the sale of gold bullion, derived from its mining operations. Major expenses include mining, operating, and production costs, capital expenditures for exploration and mine development. In its Copper Production unit, revenue is generated through the sale of copper concentrate and cathodes. Major expenses include raw material costs, smelting and refining costs, and production overheads.

Future Opportunities for Growth

Barrick Gold plans to focus on extending the life of existing mines through exploration activities and increasing production efficiency. Additionally, the company is seeking to expand its copper business owing to the rising demand for copper in the transition to renewable energy. Strategic investments and potential acquisitions also represent opportunities for growth.

Potential Major Risks

Major risks for Barrick Gold include fluctuating gold and copper prices, geopolitical instability in countries where its mines are located, operational disruptions or challenges, regulatory changes, and environmental liabilities and compliance issues.