Africa

Barrick’s Africa region consists of three operating mines and three projects: the North Mara, Bulyanhulu and Tulawaka mines; the advanced-stage Buzwagi gold project (estimated construction period of two years commenced in the second half of 2007); the Kabanga nickel joint-venture project with Xstrata plc in Tanzania; and the Sedibelo platinum group project in South Africa. The region hosts 19.5 million ounces of proven and probable gold reserves¹ and produced 605,000 ounces of gold in 2007 at total cash costs of $408 per ounce. Africa is expected to produce 625,000 - 700,000 ounces of gold in 2008, at total cash costs of $380 - $400 per ounce².

¹ Click here for more information regarding reserve and resource measurements.
² Click here for more information regarding the calculation of total cash cost.