Global Overview

Barrick has 27 operating mines, located in some of the world’s most prospective gold districts in North America, South America, Australia Pacific and Africa. In 2007, the Company met its production and cost guidance for the fifth year in a row, producing 8.06 million ounces of gold at total average cash costs of $350 per ounce. As well, the Company produced 402 million pounds of copper at total cash costs of $0.83 per pound¹.

As at December 31, 2007, the Company has proven and probable gold reserves of 124.6 million ounces, the largest in the industry, as well as 6.2 billion pounds of copper reserves and 1.03 billion ounces of silver contained within those gold reserves².

In 2008, Barrick is expected to produce 7.6 – 8.1 million ounces of gold at total cash costs of $390 - $415 per ounce as well as 380 – 400 million pounds of copper at total cash costs of $1.15 - $1.25 per pound¹.



¹ Click here for more information regarding the calculation of total cash cost.

² Click here for more information regarding reserve and resource measurements.