Barrick Mining (TSX:ABX) says it delivered US$15.8 billion ($21.9 billion) in economic contributions across its host countries in 2025, highlighting the value generated by its operations beyond mining.
In its 2025 Tax Contribution Report, the Canadian gold miner outlined its economic contribution across the 17 countries where it operated during the year.
The total includes taxes and royalties, employment, local procurement, community investment, infrastructure development, and dividends paid to governments.
According to the report, Barrick paid US$5 billion in taxes and royalties during 2025, nearly double the US$2.9 billion contributed in 2024.
Procurement drives economic impact
Barrick also spent US$7.1 billion with more than 7,400 suppliers based in its host countries, representing 75% of its total procurement expenditure.
A further US$283 million was distributed as dividends to governments holding ownership interests in its operations, where applicable.
The company highlighted Tanzania, where it was recognised as the country’s largest taxpayer, as an example of its fiscal contribution.
Barrick also pointed to the economic impact of its Kibali Gold Mine in the Democratic Republic of the Congo and the fiscal contribution generated by its operations in the Dominican Republic.
Local workforce remains key
Employment represents another significant part of Barrick’s economic contribution.
The miner employed 60,070 people worldwide at the end of 2025, with 96% of its workforce drawn from its host countries.
Barrick says its approach is designed to ensure a greater share of the economic benefits generated by its mines remains within the countries and communities where it operates.
Write to Jackson Chen at Mining.com.au
Image: Barrick Mining
