Barrick Gold Corporation

Barrick Gold Corporation

December 12, 2007 15:37 ET

Barrick Completes Acquisition of PNG Properties

TORONTO, ONTARIO--(Marketwire - Dec. 12, 2007) - Barrick Gold Corporation (TSX:ABX)(NYSE:ABX) announced today that it completed its acquisition of the Kainantu gold mine and over 2,900 square kilometers of highly prospective exploration licenses in Papua New Guinea from Highlands Pacific Limited (ASX:HGL). The transaction was previously announced on October 25, 2007 when the parties entered into a definitive purchase and sale agreement. Barrick is now in a position to commence a comprehensive exploration program on this extensive land package that includes a number of advanced targets and review opportunities at the Kainantu mine.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.

Contact Information

  • Barrick Gold Corporation
    INVESTOR CONTACT: Deni Nicoski
    Vice President, Investor Relations
    (416) 307-7410
    Barrick Gold Corporation
    MEDIA CONTACT: Vincent Borg
    Senior Vice President, Corporate Communications
    (416) 307-7477