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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.