Profile

Barrick Gold Corporation is the gold industry leader, with a portfolio of 26 operating mines and a pipeline of projects located across five continents, as well as large land positions on some of the most prolific mineral districts.  The Company has:

• The gold industry’s only ‘A’ rated balance sheet;
• The gold industry’s largest production, reserves and market capitalization;
• Three advanced projects in construction that, with Buzwagi, are expected to collectively contribute 2.6 million ounces of low cost average annual production once at full capacity¹; and
• An unwavering commitment to safe and responsible mining.

Barrick generated $2.2 billion of operating cash flow in 2008; had $1.4 billion in cash; and a $1.5 billion undrawn line of credit as at December 31, 2008.

With the industry’s largest production of 7.7 million ounces in 2008 and largest reserves of 138.5 million ounces, Barrick offers investors exceptional leverage to higher gold prices. The Company also has 6.4 billion pounds of copper reserves and 1.09 billion ounces of contained silver within gold reserves as at December 31, 2008.

Barrick is committed to sustainable economic development, environmental stewardship and a culture of safety. Barrick was added to the Dow Jones Sustainability Index – World in 2009 for the second consecutive year and maintained its listing on the Dow Jones Sustainability Index – North America for the third year in a row.

In 2008, Barrick produced 7.66 million ounces of gold at cash costs of $443 per ounce² (net cash costs of $337 per ounce³). In addition, the Company produced 370 million pounds of copper at a total cash cost of $1.19 per pound. For 2009, Barrick is expecting gold production of 7.2 - 7.6 million ounces and copper production of approximately 375 - 400 million pounds. Total cash costs are expected to be $450 - $475 per ounce² (net cash costs of $360 - $385 per ounce³) and ~$1.25 per pound of copper. For 2010, the Company expects production to increase to about 7.7 - 8.1 million ounces at expected lower total cash costs than 2009 with new production from Cortez Hills.

Barrick shares are traded on the Toronto and New York stock exchanges.

¹ Click here for more information regarding advanced projects.
² Click here for more information regarding the calculation of total cash costs.
³ Click here for information regarding the calculation of net cash costs.