• Barrick Gold average return on tangible equity for 2023 was 1.23, a 78.38% increase from 2022.
• Barrick Gold average return on tangible equity for 2022 was 5.69, a 31.69% decline from 2021.
• Barrick Gold average return on tangible equity for 2021 was 8.33, a 42.19% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.