Barrick Gold Corporation
Barrick is the gold industry leader, with interests in 26 operating mines in addition to deep pipeline of development and earlier stage projects located across five continents, and large land positions on some of the world’s most prospective mineral trends.
Our vision is to be the world’s best gold mining company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner.
Barrick shares are traded on the Toronto and New York stock exchanges.
Financial Highlights |
|
| (in millions of US dollars, except per share data) |
|
| (US GAAP basis) |
|
|
|
2009 |
|
|
|
2008 |
|
|
2007 |
| Sales |
|
|
$ |
8,136 |
|
|
$ |
7,613 |
|
$ |
6,014 |
| Net income |
|
|
|
(4,274 |
) |
|
|
785 |
|
|
1,119 |
|
per share |
|
|
|
(4.73 |
) |
|
|
0.90 |
|
|
1.29 |
| Adjusted net income1 |
|
|
|
1,810 |
|
|
|
1,661 |
|
|
1,036 |
|
per share |
|
|
|
2.00 |
|
|
|
1.90 |
|
|
1.19 |
| Operating Cash Flow |
|
|
|
(2,322 |
) |
|
|
2,254 |
|
|
1,768 |
| Adjusted Operating Cash Flow1 |
|
|
|
2,899 |
|
|
|
2,254 |
|
|
1,768 |
| Cash and equivalents |
|
|
|
2,564 |
|
|
|
1,437 |
|
|
2,207 |
| Dividends per share |
|
|
|
0.40 |
|
|
|
0.40 |
|
|
0.30 |
|
|
|
|
| |
|
Operating Highlights |
|
| Gold production (000s oz) |
|
|
|
7,423 |
|
|
|
7,657 |
|
|
8,060 |
| Average realized gold price per ounce |
|
|
$ |
985 |
|
|
$ |
872 |
|
$ |
621 |
| Total cash costs per ounce1 |
|
|
$ |
466 |
|
|
$ |
443
|
|
$
|
345 |
| Net cash costs per ounce1 |
|
|
$ |
363 |
|
|
$ |
337 |
|
$ |
228 |
| Copper production (M lbs) |
|
|
|
393 |
|
|
|
370 |
|
|
402 |
| Average realized copper price per pound |
|
|
$ |
3.16 |
|
|
$ |
3.39 |
|
$ |
3.22 |
| Total cash costs per pound1 |
|
|
$ |
1.17 |
|
|
$ |
1.19
|
|
$
|
0.82
|
1 Adjusted net income, adjusted net income per share, adjusted operating cash flow, realized price, total cash costs per ounce and net cash costs per ounce are non-GAAP financial measures with no standard meaning under US GAAP. See pages 60-65 of the Company’s 2009 Year-End Report. Net cash costs treat the gross margin from all non-gold sales, whether or not these metals are produced in conjunction with gold, as a credit against the cost of producing gold. In Q1 2009, the description for “total cash costs – full credit for non-gold sales basis” was changed to “net cash costs”. See pages 60-65 of the Company’s 2009 Year-End Report.
Shareholder Information |
| |
|
|
Ticker Symbol |
|
ABX |
| |
|
|
Number of Registered Shareholders |
|
17,974 |
| |
|
|
Index Listings |
|
S&P/TSX Composite Index |
|
|
S&P/TSX 60 Index |
|
|
S&P Global 1200 Index |
|
|
Philadelphia Gold/Silver Index |
|
|
Amex Gold Miners Index |
|
|
Dow Jones Sustainability Index (DJSI) – World |
|
|
Dow Jones Sustainability Index (DJSI) – North America |
|
|
|
2009 Dividend per Share |
|
US$0.40 |
|
|
|
Common Shares (millions) |
|
Outstanding at January 29, 2010 – 984 |
|
|
Weighted average – 2009 |
|
|
Basic: 903 |
|
|
Fully diluted: 903 |
|
|
|
Volume of Shares Traded (millions) |
|
TSX — 1,078 (2009), 1,154 (2008) |
| NYSE — 1,203 (2009), 1,153 (2008) |
|
|
|
Dividend Payments |
|
In 2009, the Company paid a cash dividend of $0.40 per share – $0.20 on June 15 and December 15, 2009. A cash dividend of $0.40 per share was paid in 2008 - $0.20 on June 16 and December 15, 2008. |
|
|
|
Dividend Policy |
|
The Board of Directors reviews the dividend policy semi-annually based on various factors, including the cash requirements of the Company’s operating assets, exploration and development activities, as well as potential acquisitions, combined with the current and projected financial position of the Company. |
|
|
|
Form 40-F |
|
Annual Report on Form 40-F is filed with the United States Securities and Exchange Commission. This report will be made available to shareholders, without charge, upon written request to the Secretary of the Company at the Corporate Office. |
|
|
|
Other Language Reports |
|
French and Spanish versions of our annual report are available from Investor Relations at the Corporate Office. |
Shareholder Contacts
Shareholders are welcome to contact the Investor Relations Department for general information on the Company:
Deni Nicoski
Vice President, Investor Relations
Telephone: (416) 307-7410
Email: dnicoski@barrick.com
Susan Muir
Senior Director, Investor Relations
Telephone: (416) 307-5107
Email: s.muir@barrick.com
Amy Schwalm
Senior Director, Investor Relations
Telephone: (416) 307-7422
Email: aschwalm@barrick.com
For information on such matters as share transfers, dividend cheques and change of address, inquiries should be directed to the Company’s Transfer Agents:
Transfer Agents and Registrars
CIBC Mellon Trust Company
P.O. Box 7010
Adelaide Street Postal Station
Toronto, Ontario M5C 2W9
Telephone: (416) 643-5500
Toll-free within the United States and Canada: 1-800-387-0825
Fax: (416) 643-5501
Email: inquiries@cibcmellon.com
Web site: www.cibcmellon.com
BNY Mellon Shareholder Services
480 Washington Blvd.
27th Floor
Jersey City, New Jersey 07310
Tel: 1-800-589-9836
Fax: (201) 680-4665
Email: shrrelations@mellon.com
Web site: www.melloninvestor.com
Auditors
PricewaterhouseCoopers LLP
Toronto, Canada
Annual Meeting
The Annual Meeting of Shareholders will be held on Wednesday, April 28, 2010 at 10:00 a.m. (Toronto time) in the Metro Toronto Convention Centre, John Bassett Theatre, 255 Front Street West, Toronto, Ontario.