Barrick Gold Corporation — Ethics Grade D+

Barrick Gold Corporation receives an overall ethics grade of D+ (35/100) on CancelCo's corporate accountability database. Sector: Mining & Metals. Market cap: Large Cap.

Category scores

• labor: 40
• privacy: 85
• consumer: 50
• environment: 25
• humanRights: 20

Documented incidents (3)

• Human Rights Abuses in Tanzania (high, 2022) — Barrick faced a lawsuit in Canada alleging that local police guarding its North Mara mine in Tanzania used excessive force against local residents, resulting in deaths and injuries. The company was accused of complicity in these actions.
• Glacier Damage at Pascua-Lama (high, 2020) — Chilean courts ordered the permanent closure of the Pascua-Lama gold project because of severe environmental damage, including the contamination of water sources and the failure to protect nearby glaciers.
• Porgera Mine Tailings (high, 2017) — The Porgera mine in PNG has been criticized for decades for dumping tailings (chemical waste) directly into the local river system, affecting the livelihoods and health of thousands of indigenous people.

Documented good deeds

• Local Education Investment — Barrick invested over $30 million in local community infrastructure and scholarship programs near their Loulo-Gounkoto complex in Mali.

Ethical alternatives

• Newmont Corporation — Generally scores higher on ESG rankings and tailings management protocols compared to peers.