Barrick gold was found by Peter Munk 1983. In 1994, company starts to expand its business globally from Chile. Today it has 27 mines all over the world.
1980: Barrick Petroleum Corporation is founded. 1983: Name changes to Barrick Resources Corporation; IPO on Toronto stock exchange is completed. 1985: Company name again changes, to American Barrick Resources Corporation. 1987: Barrick gains full ownership of Nevada's Goldstrike Property. 1995: Company finally named Barrick Gold Corporation. 1997: Gold prices crash; Barrick takes third quarter hit (first earnings loss) and closes four mines. 1998: Record earnings top $300 million; profits per ounce are six times nearest rival.