Barrick Gold Corporation
Barrick is the world’s largest gold producer, with a portfolio of 26 operating mines, advanced exploration and development projects located across five continents, and large land positions on the most prolific and prospective mineral trends. The Company also has the largest reserves in the industry, with about 140 million ounces of proven and probable gold reserves, 6.5 billion pounds of copper reserves and 1.07 billion ounces of silver contained within gold reserves1 as of December 31, 2010.
Barrick’s 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) |
|
|
|
2010 |
|
|
|
2009 |
|
|
2008 |
| Sales |
|
|
$ |
10,924 |
|
|
$ |
8,136 |
|
$ |
7,613 |
| Net income |
|
|
|
3,274 |
|
|
|
(4,274 |
) |
|
785 |
|
per share |
|
|
|
3.32 |
|
|
|
(4.73 |
) |
|
0.90 |
| Adjusted net income2 |
|
|
|
3,279 |
|
|
|
1,810 |
|
|
1,661 |
|
per share |
|
|
|
3.32 |
|
|
|
2.00 |
|
|
1.90 |
| Operating Cash Flow |
|
|
|
4,127 |
|
|
|
(2,322 |
) |
|
2,254 |
| Adjusted Operating Cash Flow2 |
|
|
|
4,783 |
|
|
|
2,899 |
|
|
2,254 |
| Cash and equivalents |
|
|
|
3,968 |
|
|
|
2,564 |
|
|
1,437 |
| Dividends per share3 |
|
|
|
0.44 |
|
|
|
0.40 |
|
|
0.40 |
|
|
|
|
| |
|
Operating Highlights |
|
| Gold production (000s oz) |
|
|
|
7,765 |
|
|
|
7,423 |
|
|
7,657 |
| Average realized gold price per ounce2 |
|
|
$ |
1,228 |
|
|
$ |
985 |
|
$ |
872 |
| Total cash costs per ounce2 |
|
|
$ |
457 |
|
|
$ |
466
|
|
$
|
443 |
| Net cash costs per ounce2 |
|
|
$ |
341 |
|
|
$ |
363 |
|
$ |
337 |
| Copper production (M lbs) |
|
|
|
368 |
|
|
|
393 |
|
|
370 |
| Average realized copper price per pound |
|
|
$ |
3.41 |
|
|
$ |
3.16 |
|
$ |
3.39 |
| Total cash costs per pound2 |
|
|
$ |
1.11 |
|
|
$ |
1.17
|
|
$
|
1.19 |
- Click here for more information regarding reserve and resource measurements.
- Adjusted net income, adjusted net income per share, adjusted operating cash flow, average realized price per ounce/pound, 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 56-62 of the Company’s 2010 Year-End Report. 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.
- In July 2010, Barrick increased its dividend by 20% to $0.12 per share on a quarterly basis; based on converting the previous semi-annual dividend of $0.20 per share to a quarterly equivalent.
Shareholder Information |
| |
|
|
Ticker Symbol |
|
ABX |
| |
|
|
Number of Registered Shareholders |
|
18,547 |
| |
|
|
Index Listings |
|
S&P/TSX Composite Index |
|
|
S&P/TSX 60 Index |
|
|
S&P Global 1200 Index |
|
|
Philadelphia Gold/Silver Index |
|
|
NYSE Arca Gold Miners Index |
|
|
Dow Jones Sustainability Index (DJSI) – World |
|
|
Dow Jones Sustainability Index (DJSI) – North America |
| |
|
NASDAQ Global Sustainability Index |
|
|
|
2010 Dividend per Share |
|
In 2010, the Company paid a cash dividend of $0.44 per share. |
|
|
|
Common Shares (millions) |
|
Outstanding at December 31, 2010 – 998 |
|
|
Weighted average – 2010 |
|
|
Basic: 987 |
|
|
Fully diluted: 997 |
|
|
|
Volume of Shares Traded (millions) |
|
TSX — 870 (2010), 1,078 (2009) |
| NYSE — 810 (2010), 1,203 (2009) |
|
|
|
Dividend Payments |
|
In 2010, the Company paid a cash dividend of $0.44 per share — $0.20 on June 15, $0.12 on September 15 and $0.12 on December 15. A cash dividend of $0.40 per share was paid in 2009 — $0.20 on June 15 and $0.20 on December 15. |
|
|
|
Dividend Policy |
|
The Board of Directors reviews the dividend policy quarterly based on 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 |
|
The Company’s Annual Report on Form 40-F is filed with the United States Securities and Exchange Commission. This report is available on Barrick’s website www.barrick.com and 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 the annual report are available from Investor Relations at the Corporate Office and on Barrick’s website www.barrick.com |
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
Amy Schwalm
Senior Director, Investor Relations
Telephone: (416) 307-7422
Email: aschwalm@barrick.com
Susan Muir
Senior Director, Investor Relations
Telephone: (416) 307-5107
Email: s.muir@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, ON M5C 2W9
or
American Stock Transfer & Trust Company, LLC
6201 - 15th Avenue
Brooklyn, NY 11219
Tel: 1-800-387-0825
Toll-free throughout North America
Fax: (416) 643-5501
Email: inquiries@canstockta.com
Website: www.canstockta.com
*Effective November 2010, shareholder records are maintained by Canadian Stock Transfer (“CST”) as administrative agent for CIBC Mellon Trust Company.
Auditors
PricewaterhouseCoopers LLP
Toronto, Canada