Barrick Gold Corporation
NYSE : ABX
TSX : ABX

Barrick Gold Corporation

April 29, 2009 08:00 ET

Barrick Earns $371 Million ($0.42 Per Share)

Buzwagi Ready to Pour First Gold

TORONTO, ONTARIO--(Marketwire - April 29, 2009) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) -

FIRST QUARTER REPORT 2009

Based on US GAAP and expressed in US dollars

For a full explanation of results, the Financial Statements and Management Discussion & Analysis, and mine statistics please see the Company's website, www.barrick.com.

Highlights

- First quarter gold production of 1.76 million ounces at net cash costs of $404 per ounce (applying credit for non-gold sales) or total cash costs of $484 per ounce(1) was on plan. Removing the effects of the Company's oil and foreign exchange hedges, cash costs would have been $45 per ounce lower. Barrick is on track with full year 2009 production guidance of 7.2-7.6 million ounces of gold at net cash costs of $360-$385 per ounce or total cash costs of $450-$475 per ounce with higher production expected in subsequent quarters and lower costs anticipated in the second half of the year.

- The Company reported first quarter net income of $371 million ($0.42 per share) compared to $514 million ($0.59 per share) in the prior year period. Adjusted net income of $298 million ($0.34 per share)(1) compares to $537 million ($0.62 per share) in the prior year period. Operating cash flow of $349 million compares to $718 million of operating cash flow for Q1 2008.

- Production is expected to increase to approximately 7.7-8.1 million ounces in 2010 at lower total cash costs with the start-up of Cortez Hills scheduled in the first quarter.

- The Buzwagi project is expected to pour first gold shortly, on schedule and in line with its pre-production capital budget of approximately $400 million, making it the sixth Barrick project to be constructed on time in the last six years. The Cortez Hills and Pueblo Viejo projects also remain on schedule and in line with their pre-production capital budgets.

- At Pascua-Lama, significant progress has been made on securing the remaining sectoral permits and approvals as well as on fiscal matters at the federal level including the cross-border taxation arrangements between Chile and Argentina.

- During the quarter, the Company issued $750 million in debt securities, thereby completing a $2 billion debt shelf prospectus, further strengthening its liquidity and enhancing its ability to execute on its plans.

- Subsequent to quarter-end, Barrick completed the acquisition of the remaining 50% of the Hemlo operation from Teck Cominco Limited for cash consideration of $65 million.

Q1 production was 1.76 million ounces of gold at net cash costs of $404 per ounce (applying credit for non-gold sales) or total cash costs of $484 per ounce, in line with plan. Removing the effects of the Company's oil and foreign exchange hedges, cash costs would have been $45 per ounce lower. The Company maintains its full year operating guidance, with stronger production expected in subsequent quarters and lower costs anticipated in the second half. The realized gold price for the quarter was $912 per ounce(1) versus the average spot price of $908 per ounce. The Company reported first quarter net income of $371 million ($0.42 per share) compared to net income of $514 million ($0.59 per share) in the prior year period. Adjusted net income of $298 million ($0.34 per share) compares to $537 million ($0.62 per share) in the prior year period. Lower adjusted net income in Q1 2009 reflects lower realized prices and higher cash costs compared to the prior year period. Operating cash flow of $349 million compares to operating cash flow of $718 million in the prior year period reflecting lower net income levels and movements in working capital.

"We had a good start to the year with our operations on plan to meet our production and cost guidance," said Aaron Regent, Barrick's President and CEO. "I am pleased to announce that our Buzwagi project is essentially complete and ready to pour its first gold. This is the sixth mine Barrick has built in the last six years that has come in on time, and continues our successful track record of execution on new projects. Our outlook for gold remains positive, providing a favorable backdrop for the development of our next generation of lower cost mines."

PRODUCTION AND COSTS

Q1 was a lower production and higher cost quarter as expected due to planned mine sequencing. Higher production is expected in subsequent quarters and lower cash costs anticipated in the second half of the year as higher grades are accessed at a number of operations and with the benefit of new production from Buzwagi. The Company is on track with its full year production guidance of 7.2-7.6 million ounces of gold at net cash costs of $360-$385 per ounce or total cash costs of $450-$475 per ounce. In order to improve comparability with other gold producers that report gold cash costs net of the contribution from non-gold revenue, we are using a measure referred to as 'net cash costs' which is prepared on this basis. This measure is provided in addition to our total cash cost per ounce measure.

The North America region had a strong quarter, exceeding plan with production of 0.74 million ounces at total cash costs of $498 per ounce. The Goldstrike operation produced 0.40 million ounces at total cash costs of $435 per ounce on higher open pit grades. At Cortez, production of 0.09 million ounces at total cash costs of $671 per ounce reflects lower grades at the Pipeline pit. Production and costs are expected to improve in subsequent quarters with access to higher grade material. The Company's $65 million acquisition of the other 50% interest in the Hemlo mine from Teck Cominco Limited has closed. The operation had a strong quarter, performing better than plan on higher grades and throughput.

The South American business unit produced 0.40 million ounces in Q1 at total cash costs of $291 per ounce. The Lagunas Norte mine delivered another quarter of solid results with production of 0.24 million ounces at total cash costs of $131 per ounce. Production is anticipated to increase in the second half of the year due to higher grades. Production of 0.09 million ounces at Veladero at total cash costs of $623 per ounce reflected expected lower grades and higher stripping during the first half of the year. Production and costs are expected to improve in the second half of the year with access to higher grade ore and higher throughput following completion of a crusher expansion to increase processing capacity from 50,000 to 85,000 tons per day. The expansion is approximately 70% complete and on schedule to be commissioned in Q3.

Production for the Australia Pacific business unit of 0.49 million ounces was on plan. Total cash costs of $610 per ounce are expected to improve in subsequent quarters with improved performance at a number of operations. Porgera continued to be the region's largest contributor with production of 0.15 million ounces at total cash costs of $470 per ounce, coming in ahead of plan. The Kalgoorlie mine also performed better than expected with access to higher grade ore.

Production from the African business unit was 0.13 million ounces in Q1 at total cash costs of $561 per ounce with Bulyanhulu and North Mara showing signs of improved performance.

The Company is on track with full year copper production guidance of 375-400 million pounds at total cash costs of $1.25-$1.35 per pound. Q1 copper production was 95 million pounds at total cash costs of $1.32 per pound. The Company benefited from its copper hedge position, realizing $2.93 per pound, $1.37 per pound higher than the average spot price.

PROJECTS UPDATE

Barrick's three projects in construction continue to progress on schedule and within their respective pre-production capital budgets, and are expected to contribute nearly 2.0 million ounces of lower cost production once at full capacity(2). Production is expected to increase to 7.7-8.1 million ounces in 2010 with new production from Cortez Hills(3).

Buzwagi in Tanzania is expected to pour first gold shortly, on schedule and in line with its $400 million pre-production capital budget. The mine is expected to produce 200,000 ounces of gold at total cash costs of $320-$335 per ounce in 2009.

In Nevada, Cortez Hills remains on schedule for first production in Q1 2010 assuming the satisfactory resolution of the pending litigation regarding the project and is in line with its capital budget of $500 million. The Cortez property is expected to materially benefit 2010 production, becoming another one million ounce producer for Barrick at total cash costs of $350-$400 per ounce in its first full five years once Cortez Hills comes on line.

The Pueblo Viejo project in the Dominican Republic is advancing on schedule and in line with its pre-production capital budget of approximately $2.7 billion (100% basis)(4), with initial production anticipated in Q4 2011. Barrick's 60% share of annual gold production in the first full five years of operation is expected to be 600,000 to 650,000 ounces per year at total cash costs of about $275-$300 per ounce. Pueblo Viejo is a long life asset with an expected mine life of over 25 years.

At Pascua-Lama, significant progress has been made on securing the remaining sectoral permits and approvals as well as on fiscal matters at the federal level including the cross-border taxation arrangements between Chile and Argentina. The Company expects to provide a detailed project update in Q2.

FINANCIAL POSITION

At March 31, 2009, Barrick maintained the gold industry's highest credit rating, a cash balance of $2.1 billion, $1.5 billion in undrawn credit and net debt of $2.9 billion with scheduled repayments of less than $300 million over the next four years. During the quarter the Company raised $750 million in debt securities, and together with the $1.25 billion of debt securities issued in the third quarter of 2008, has completed its $2.0 billion debt shelf prospectus.

"We are pleased to have further strengthened our liquidity with this bond offering," said Jamie Sokalsky, Executive Vice President and Chief Financial Officer. "Combined with our cash, undrawn credit facility and strong operating cash flows, this financing enhances the Company's ability to continue executing our plans. While Barrick is in a strong financial position, we are applying a disciplined approach to capital allocation decisions to maximize shareholder returns on equity."

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. Barrick's shares are traded on the Toronto and New York stock exchange.

(1) Net cash costs per ounce, total cash costs per ounce, adjusted net income and realized price are non-GAAP financial measures. See pages 28-31 of the Company's MD&A.

(2) Two million ounces of production is the cumulative average for the first full five years starting in 2012. Lower cost refers to total cash costs.

(3) In Q4 2008, a number of opponents of the Cortez Hills expansion filed suit in the U.S. District Court for the District of Nevada seeking to overturn the Bureau of Land Management's approval of the Cortez Hills project on environmental and religious grounds. The plaintiffs unsuccessfully sought to enjoin construction of the project pending consideration of their claims. The District Court's denial of the requested injunction is currently being appealed.

(4) Pre-production, followed by $0.3 billion to complete phased expansion from 18,000 tpd to 24,000 tpd.



Key Statistics

Barrick Gold Corporation Three months ended
(in United States dollars) March 31,
-------------------------------
(Unaudited) 2009 2008
----------------------------------------------------------------------------
Operating Results
Gold production (thousands of ounces)(1) 1,755 1,743
Gold sold (thousands of ounces)(1) 1,714 1,729

Per ounce data
Average spot gold price $ 908 $ 925
Average realized gold price(2) 912 925
Net cash costs(5) 404 250
Total cash costs(3) 484 395
Amortization and other(4) 111 106
Copper credits 80 145
Total production costs 595 501

Copper production (millions of pounds) 95 87
Copper sold (millions of pounds) 86 98

Per pound data
Average spot copper price $ 1.56 $ 3.52
Average realized copper price(2) 2.93 3.50
Total cash costs(3) 1.32 0.94
Amortization and other(4) 0.24 0.36
Total production costs 1.56 1.30
----------------------------------------------------------------------------
Financial Results (millions)
Sales $ 1,827 $ 1,958
Net income 371 514
Adjusted net income(6) 298 537
Operating cash flow 349 718

Per Share Data (dollars)
Net income (basic) 0.42 0.59
Adjusted net income (basic)(6) 0.34 0.62
Net income (diluted) 0.42 0.58

Weighted average basic common shares
(millions) 873 872
Weighted average diluted common shares
(millions)(7) 885 885
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As at As at
March 31, December 31,
----------------- ------------
2009 2008
----------------------------------------------------------------------------
Financial Position (millions)
Cash and equivalents $ 2,104 $ 1,437
Non-cash working capital 1,012 1,037
Long-term debt 5,268 4,556
Equity 15,820 15,459
----------------------------------------------------------------------------
(1) Production includes equity gold ounces in Highland Gold. Gold production
also includes an additional 40% share of production from the Cortez mine
from March 1, 2008 onwards, an additional 50% interest in Hemlo from
January 1, 2009 onwards and 100% of Storm from October 1, 2008 onwards.
(2) Realized price is a non-GAAP financial measure. See page 31 of the
Company's MD&A.
(3) Total cash costs is a non-GAAP financial measure. See page 29 of the
Company's MD&A.
(4) Represents equity amortization expense, unrealized losses on non-hedge
currency and commodity contracts and inventory purchase accounting
adjustments at the Company's producing mines, divided by equity ounces
of gold sold or pounds of copper sold.
(5) Net cash costs is a non-GAAP financial measure. See page 29 of the
Company's MD&A.
(6) Adjusted net income is a non-GAAP financial measure. See page 28 of the
Company's MD&A.
(7) Fully diluted, includes dilutive effect of stock options and
convertible debt.




Production and Cost Summary

Gold Production Total Cash Costs
---------------------------------- --------------------
(attributable ounces)(000's) (US$/oz)
----------------------------- --------------------
Three months ended Three months ended
March 31, March 31,
---------------------------------- --------------------
(Unaudited) 2009 2008 2009 2008
----------------------------------------------------- --------------------
North America(1) 735 614 $ 498 $ 502
South America 396 541 291 193
Australia Pacific 489 435 610 438
Africa 127 144 561 508
Other 8 9 494 410
----------------------------------------------------------------------------
Total 1,755 1,743 $ 484 $ 395
----------------------------------------------------------------------------



Copper Production Total Cash Costs
---------------------------------- --------------------
(attributable pounds) (Millions) (US$/lb)
---------------------------------- --------------------
Three months ended Three months ended
March 31, March 31,
---------------------------------- --------------------
(Unaudited) 2009 2008 2009 2008
----------------------------------------------------- --------------------
South America 75 73 $ 1.30 $ 0.76
Australia Pacific 20 14 1.48 1.56
----------------------------------------------------------------------------
Total 95 87 $ 1.32 $ 0.94
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Total Gold Production Costs
------------------------------
(US$/oz)
Three months ended
March 31,
------------------------------
(Unaudited) 2009 2008
----------------------------------------------------------------------------
Direct mining costs at market foreign
exchange rates $ 414 $ 411
(Gains) losses realized on currency hedge and
commodity hedge/economic hedge contracts 45 (29)
By-product credits (8) (20)
Copper credits (80) (145)
----------------------------------------------------------------------------
Cash operating costs, net basis 371 217
Royalties 27 28
Production taxes 6 5
----------------------------------------------------------------------------
Net cash costs(2) 404 250
Copper credits 80 145
----------------------------------------------------------------------------
Total cash costs(2) 484 395
Amortization 112 108
Unrealized losses on non-hedge currency and
commodity contracts (3) (2)
Inventory purchase accounting adjustments
and other 2 -
----------------------------------------------------------------------------
Total production costs $ 595 $ 501



Total Copper Production Costs
------------------------------
(US$/lb)
Three months ended
March 31,
------------------------------
(Unaudited) 2009 2008
----------------------------------------------------------------------------
Cash operating costs $ 1.32 $ 0.92
Royalties - 0.02
----------------------------------------------------------------------------
Total cash costs(2) 1.32 0.94
Amortization 0.24 0.36
----------------------------------------------------------------------------
Total production costs $ 1.56 $ 1.30
----------------------------------------------------------------------------
(1) Barrick's share of Cortez production and total cash costs increased to
100% effective March 1, 2008. Barrick's share of Storm production and
total cash costs increased to 100% effective October 1, 2008. Production
includes an additional 50% interest in Hemlo from January 1, 2009
onwards.
(2) Total cash costs and net cash costs are non-GAAP financial measures.
See page 29 of the Company's MD&A.



Consolidated Statements of Income

Barrick Gold Corporation
(in millions of United States dollars, except Three months ended
per share data) (Unaudited) March 31,
----------------------------------------------------------------------------
2009 2008
----------------------------------------------------------------------------

Sales (notes 4 and 5) $ 1,827 $ 1,958
----------------------------------------------------------------------------
Costs and expenses
Cost of sales (notes 4 and 6)(1) 955 775
Amortization and accretion (notes 4 and 14) 261 241
Corporate administration 35 33
Exploration (notes 4 and 7) 32 43
Project development expense (note 7) 24 46
Other expense (note 8A) 85 51
Impairment charges (note 8B) - 2
----------------------------------------------------------------------------
1,392 1,191
----------------------------------------------------------------------------
Interest income 3 17
Interest expense (note 16B) (2) (6)
Other income (note 8C) 4 29
Write-down of investments (note 8B) (1) (39)
----------------------------------------------------------------------------
4 1
----------------------------------------------------------------------------
Income before income taxes and other items 439 768
Income tax expense (note 9) (38) (253)
Income (loss) from equity investees (note 12) (28) 2
----------------------------------------------------------------------------
Income before non-controlling interests 373 517
Non-controlling interests (note 8D) (2) (3)
----------------------------------------------------------------------------
Net income $ 371 $ 514
----------------------------------------------------------------------------
Earnings per share data (note 10)
Net income
Basic $ 0.42 $ 0.59
Diluted $ 0.42 $ 0.58
----------------------------------------------------------------------------
(1) Exclusive of amortization.

The notes to these unaudited interim consolidated financial statements,
which are contained in the First Quarter Report 2009 available on our
website, are an integral part of these consolidated financial statements.



Consolidated Statements of Cash Flow

Barrick Gold Corporation
(in millions of United States dollars, Three months ended
except per share data) (Unaudited) March 31,
----------------------------------------------------------------------------
2009 2008
----------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income $ 371 $ 514
Amortization and accretion (notes 4 and 14) 261 241
Income tax expense (note 9) 38 253
Income taxes paid (100) (127)
Increase in inventory (84) (133)
Other items (note 11) (137) (30)
----------------------------------------------------------------------------
Net cash provided by operating activities 349 718
----------------------------------------------------------------------------
INVESTING ACTIVITIES
Property, plant and equipment
Capital expenditures (note 4) (470) (265)
Sales proceeds 3 4
Acquisitions (note 3) - (1,722)
Investments (note 12)
Purchases (2) (15)
Sales - 2
Long-term supply contract (note 12) - (35)
Other investing activities (17) (35)
----------------------------------------------------------------------------
Net cash used in investing activities (486) (2,066)
----------------------------------------------------------------------------
FINANCING ACTIVITIES
Capital stock
Proceeds on exercise of stock options 10 70
Long-term debt (note 16B)
Proceeds 805 1,076
Repayments (87) (91)
Funding from non-controlling interests 86 10
Other financing activities (7) -
----------------------------------------------------------------------------
Net cash provided by financing activities 807 1,065
----------------------------------------------------------------------------
Effect of exchange rate changes on cash and equivalents (3) 7
----------------------------------------------------------------------------
Net increase (decrease) in cash and equivalents 667 (276)
Cash and equivalents at beginning of period (note 16A) 1,437 2,207
----------------------------------------------------------------------------
Cash and equivalents at end of period (note 16A) $ 2,104 $ 1,931
----------------------------------------------------------------------------

The notes to these unaudited interim consolidated financial statements,
which are contained in the First Quarter Report 2009 available on our
website, are an integral part of these consolidated financial statements.



Consolidated Balance Sheets

Barrick Gold Corporation As at As at
(in millions of United States dollars, March 31, December 31,
except per share data) (Unaudited) 2009 2008
----------------------------------------------------------------------------
ASSETS
Current assets
Cash and equivalents (note 16A) $ 2,104 $ 1,437
Accounts receivable 210 197
Inventories (note 13) 1,387 1,309
Other current assets 838 1,169
----------------------------------------------------------------------------
4,539 4,112

Non-current assets
Investments (note 12) 1,155 1,145
Property, plant and equipment (note 14) 11,808 11,547
Goodwill (note 15) 5,280 5,280
Intangible assets 77 75
Deferred income tax assets 814 869
Other assets 1,148 1,133
----------------------------------------------------------------------------
Total assets $ 24,821 $ 24,161
----------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities
Accounts payable 908 970
Short-term debt 190 206
Other current liabilities 515 668
----------------------------------------------------------------------------
1,613 1,844

Non-current liabilities
Long-term debt (note 16B) 5,078 4,350
Asset retirement obligations 985 973
Deferred income tax liabilities 609 754
Other liabilities 716 781
----------------------------------------------------------------------------
Total liabilities 9,001 8,702
----------------------------------------------------------------------------
Equity
Capital stock (note 18) 13,387 13,372
Retained earnings 2,632 2,261
Accumulated other comprehensive loss (note 19) (468) (356)
----------------------------------------------------------------------------
Total shareholders' equity 15,551 15,277
Non-controlling interests 269 182
----------------------------------------------------------------------------
Total equity 15,820 15,459
----------------------------------------------------------------------------
Contingencies and commitments (notes 14 and 20)
----------------------------------------------------------------------------
Total liabilities and equity $ 24,821 $ 24,161
----------------------------------------------------------------------------

The notes to these unaudited interim consolidated financial statements,
which are contained in the First Quarter Report 2009 available on our
website, are an integral part of these consolidated financial statements.



Consolidated Statements of Equity

Barrick Gold Corporation
For the three months ended March 31 (in millions of United States dollars)
(Unaudited)
----------------------------------------------------------------------------
2009 2008
----------------------------------------------------------------------------
Common shares (number in millions)
At January 1 873 870
Issued on exercise of stock options - 2
----------------------------------------------------------------------------
At March 31 873 872
----------------------------------------------------------------------------
Common shares
At January 1 $ 13,372 $ 13,273
Issued on exercise of stock options 11 70
Recognition of stock option expense 4 5
----------------------------------------------------------------------------
At March 31 13,387 13,348
----------------------------------------------------------------------------
Retained earnings
At January 1 2,261 1,832
Net income 371 514
----------------------------------------------------------------------------
At March 31 2,632 2,346
----------------------------------------------------------------------------
Accumulated other comprehensive income (loss)
(note 19) (468) 17
Total shareholders' equity 2,164 2,363
----------------------------------------------------------------------------
Non-controlling interests
At January 1 182 82
Net income attributable to non-controlling
interests 87 11
----------------------------------------------------------------------------
At March 31 269 93
----------------------------------------------------------------------------
Total equity at March 31 $ 15,820 $ 15,804
----------------------------------------------------------------------------



Consolidated Statements of Comprehensive Income

Barrick Gold Corporation Three months ended
(in millions of United States dollars) (Unaudited) March 31,
----------------------------------------------------------------------------
2009 2008
----------------------------------------------------------------------------
Net income $ 371 $ 514
Other comprehensive loss, net of tax (note 19) (112) (134)
----------------------------------------------------------------------------
Comprehensive income $ 259 $ 380
----------------------------------------------------------------------------

The notes to these unaudited interim consolidated financial statements,
which are contained in the First Quarter Report 2009 available on our
website, are an integral part of these consolidated financial statements.



CORPORATE OFFICE TRANSFER AGENTS AND REGISTRARS
Barrick Gold Corporation CIBC Mellon Trust Company
Brookfield Place, TD Canada Trust Tower P.O. Box 7010,
Suite 3700 Adelaide Street Postal Station
161 Bay Street, P.O. Box 212 Toronto, Ontario M5C 2W9
Toronto, Canada M5J 2S1 Tel: (416) 643-5500
Tel: (416) 861-9911 Toll-free throughout
Fax: (416) 861-0727 North America: 1-800-387-0825
Toll-free within Canada and Fax: (416) 643-5501
United States: 1-800-720-7415 Email: inquiries@cibcmellon.com
Email: investor@barrick.com Website: www.cibcmellon.com
Website: www.barrick.com

SHARES LISTED BNY MELLON SHAREOWNER SERVICES
ABX - The Toronto Stock Exchange 480 Washington Blvd. - 27th Floor
The New York Stock Exchange Jersey City, NJ 07310
Tel: 1-800-589-9836
Fax: (201) 680-4665
Email: shrrelations@mellon.com
Website: www.melloninvestor.com


CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained in this First Quarter Report 2009, including any information as to our strategy, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue', "budget", "may", "intend", "estimate" and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of gold, copper or certain other commodities (such as silver, fuel and electricity); fluctuations in currency markets; changes in U.S. dollar interest rates or gold lease rates; risks arising from holding derivative instruments; ability to successfully complete announced transactions and integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and costs associated with mining inputs and labor; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; adverse changes in our credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business. Certain of these factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


Contact Information

  • INVESTOR CONTACT: Deni Nicoski
    Vice President, Investor Relations
    (416) 307-7410
    Email: dnicoski@barrick.com
    or
    MEDIA CONTACT: Vincent Borg
    Executive Vice President, Corporate Communications
    (416) 307-7477
    Email: vborg@barrick.com