• Barrick Gold average gross margin for 2023 was 28.98%, a 21.4% increase from 2022.
• Barrick Gold average gross margin for 2022 was 36.87%, a 12.49% decline from 2021.
• Barrick Gold average gross margin for 2021 was 42.13%, a 18.08% decline from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.