Barrick Gold Corporation
Swiss : ABX

Barrick Gold Corporation

November 18, 2005 12:47 ET

Barrick and Blanchard reach settlement

TORONTO, ONTARIO--(CCNMatthews - Nov. 18, 2005) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX)(EURONEXT PARIS:ABX) announced today that it is pleased to have reached a settlement of differences with Blanchard & Company, Inc., and Herbert Davies. All claims in all litigation
between the parties have been dismissed with prejudice. Barrick will not make any payment of damages in connection with the resolution of the Blanchard antitrust case or the Brady and McKenzie class actions.

The action was filed on December 18, 2002, by Blanchard and Davies against Barrick in the U.S. District Court for the Eastern District of Louisana.

On March 5, 2003 Barrick filed a libel action against Blanchard and Company Inc., et al., in the Ontario Superior Court of Justice.

Barrick is also pleased to announce that the libel action has been settled and it has received a payment in settlement of the action. In connection with the settlement, Blanchard has issued the following statement to Barrick: "We regret having made the statements that gave rise to the libel action filed by Barrick in Canada and any embarrassment those statements may have caused Barrick or its officers or directors."

Contact Information

  • Barrick Gold Corporation
    Vincent Borg
    Vice President, Corporate Communications
    (416) 307-7477
    (416) 861-1509 (FAX)