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Barrick Announces Sale of U.S.$750,000,000 in Debt Securities

November 08, 2004

TORONTO--(BUSINESS WIRE)--Nov. 8, 2004--All amounts in United States dollars

Barrick Gold Corporation (TSX:ABX) (NYSE:ABX) (LSE:ABX) (PARIS:ABX) (SWISS:ABX) and its wholly owned subsidiary Barrick Gold Finance Company announced today that they have entered into an underwriting agreement to issue U.S.$750,000,000 in debt securities comprised of: U.S.$200,000,000 of 5.80% notes due 2034 of Barrick Gold Corporation; U.S.$350,000,000 of 4.875% notes due 2014 of Barrick Gold Finance Company, guaranteed by Barrick Gold Corporation; and U.S.$200,000,000 of 5.80% notes due 2034 of Barrick Gold Finance Company, guaranteed by Barrick Gold Corporation.

This offering is being underwritten by a syndicate of underwriters led by Morgan Stanley & Co. Incorporated and Deutsche Bank Securities Inc. Closing is expected to take place on November 12, 2004. The notes are being offered only in the United States.

The net proceeds from this offering will be used to make investments in Barrick subsidiaries and for general corporate purposes, including funding construction at Barrick's development projects.

The sale of the notes is under Barrick's shelf prospectus that allows for the issuance of debt securities by Barrick Gold Corporation, Barrick Gold Finance Company and Barrick Gold Inc. in an aggregate principal amount of up to U.S.$1 billion.

A copy of the prospectus can be obtained from the Prospectus Department of Morgan Stanley & Co. Incorporated, 1585 Broadway, New York, New York, 10036 or Deutsche Bank Securities Inc., 1251 Avenue of the Americas, 25th Floor, New York, New York, 10020, Attention: Brian Guerra.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Barrick's shares are traded on the Toronto, New York, London and Swiss stock exchanges and the Paris Bourse.


    CONTACT: Barrick Gold Corporation
             Vincent Borg
             Vice President, Corporate Communications
             (416) 307-7477
             Fax: (416) 861-1509
             media@barrick.com

    SOURCE: Barrick Gold Corporation

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