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MATERIAL ACCOUNTING POLICY INFORMATION (Tables)
 12 Months Ended
Dec. 31, 2023
Material accounting policy information [Abstract]  
Schedule of subsidiaries other than 100% owned Barrick subsidiaries
Outlined below is information related to our joint arrangements and entities other than 100% owned Barrick subsidiaries at December 31, 2023: 
Place of business Entity type
Interest1      
Method2
Nevada Gold Mines3
 United States     Subsidiary 61.5% Consolidation
North Mara3,4
 Tanzania Subsidiary 84% Consolidation
Bulyanhulu3,4
 Tanzania Subsidiary 84% Consolidation
Loulo-Gounkoto3
 Mali Subsidiary 80% Consolidation
Tongon3
 Côte d’Ivoire Subsidiary 89.7% Consolidation
Pueblo Viejo3
 Dominican Republic Subsidiary 60% Consolidation
Reko Diq Project3,5
 Pakistan Subsidiary 50% Consolidation
Norte Abierto Project Chile JO 50% Our share
Donlin Gold Project United States JO 50% Our share
Veladero Argentina JO 50% Our share
Kibali6
 Democratic Republic of Congo JV 45% Equity Method
Jabal Sayid6
 Saudi Arabia JV 50% Equity Method
Zaldívar6
 Chile JV 50% Equity Method
Porgera Mine7
 Papua New Guinea JV 24.5% Equity Method
1Unless otherwise noted, all of our JOs are funded by contributions made by the parties sharing joint control in proportion to their economic interest.
2For our JOs, we recognize our share of any assets, liabilities, revenues and expenses of the JO.
3We consolidate our interests in Carlin, Cortez, Turquoise Ridge, Phoenix, Long Canyon, North Mara, Bulyanhulu, Loulo-Gounkoto, Tongon, Pueblo Viejo and the Reko Diq project and record a non-controlling interest for the interest that we do not own.
4The Government of Tanzania receives half of the economic benefits from the Tanzanian operations (Bulyanhulu and North Mara) from taxes, royalties, clearing fees and participation in all cash distributions made by the mines, after the recoupment of capital investments. Earnings are recorded proportionally based on our equity interests each period in accordance with the terms of the agreement with the Government of Tanzania.
5On December 15, 2022, we completed the reconstitution of the Reko Diq project, bringing Barrick’s interest in the joint operation from 37.5% (equity method) to 50% (consolidated subsidiary). Refer to note 4 for further details.
6Barrick has commitments of $665 million relating to its interest in the joint ventures, including purchase obligations disclosed in note 17 and capital commitments disclosed in note 19.
7On December 22, 2023, we completed the Porgera Project Commencement Agreement, pursuant to which the Papua New Guinea (“PNG”) government and Barrick Niugini Limited (“BNL”), the 95% owner and operator of the Porgera joint venture, agreed on a partnership for the future ownership and operation of the mine. Ownership of Porgera is now held in a new joint venture owned 51% by PNG stakeholders and 49% by a Barrick affiliate, Porgera (Jersey) Limited (“PJL”). PJL is jointly owned on a 50/50 basis by Barrick and Zijin Mining Group and therefore Barrick now holds a 24.5% ownership interest in the Porgera joint venture. Barrick holds a 23.5% interest in the economic benefits of the mine under the economic benefit sharing arrangement agreed with the PNG government whereby Barrick and Zijin Mining Group together share 47% of the overall economic benefits derived from the mine accumulated over time, and the PNG stakeholders share the remaining 53%. Refer to notes 4 and 35 for further details.
Schedule of estimated useful lives of major asset categories
Estimated useful lives of Major Asset Categories
Buildings, plant and equipment
1 - 38 years
Underground mobile equipment
3 - 7 years
Light vehicles and other mobile equipment
1 - 7 years
Furniture, computer and office equipment
1 - 7 years