Media Fact Sheet

This media fact sheet includes general information about Barrick. For further information about specific aspects of our business, please visit the following areas of this website:

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Snapshot

Barrick Gold Corporation, the largest gold mining company in the world, was founded by Peter Munk in 1983 and is headquartered in Toronto, Ontario, Canada.

1. Calculated as at December 31, 2010, in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. For United States reporting purposes, Industry Guide 7 (under the Securities Exchange Act of 1934), as interpreted by the Staff of the SEC, applies different standards in order to classify mineralization as a reserve. Accordingly, for U.S. reporting purposes, Cerro Casale is classified as mineralized material. In addition, while the terms “measured”, “indicated” and “inferred” mineral resources are required pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the U.S. Securities and Exchange Commission, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the U.S. Securities and Exchange Commission. U.S. investors should understand that “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, U.S. investors are cautioned not to assume that any part or all of Barrick’s mineral resources constitute or will be converted into reserves. For a breakdown of reserves and resources by category and additional information relating to reserves and resources, see pages 21-31 of Barrick’s most recent Annual Information Form/Form 40-F on file with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange Commission.
2. Total cash costs, net cash costs, adjusted net income and adjusted operating cash flow are non-GAAP financial measures. See pages 55-62 of Barrick’s Third Quarter 2011 Report.
3. Click here for more information regarding the calculation of net cash costs. 2011 guidance for net cash costs assumes a market copper price of $3.25 per pound for fourth quarter 2011, which will result in a realized price of about $3.40 per pound, including the impact of our copper collars.