news-details

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

November 12, 2004
    TORONTO--(BUSINESS WIRE)--Nov. 12, 2004--

                 All amounts in United States dollars

Barrick Gold Corporation (NYSE:ABX) (TSX:ABX) (LSE:ABX) (BOURSE:ABX) (SWX:ABX) and its wholly owned subsidiary Barrick Gold Finance Company announced today the completion of the sale of 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, to a syndicate of underwriters led by Morgan Stanley & Co. Incorporated and Deutsche Bank Securities Inc. Each of the three series of notes have been assigned a rating of "A" by Standard and Poor's ,"A" by Dominion Bond Rating Service and "Baa1" by Moody's Investors Service, respectively. 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. Barrick's mission is to be the world's best gold company by finding, developing and producing quality reserves in a profitable and socially responsible manner. Barrick's shares are traded on the Toronto, New York, London and Swiss stock exchanges and the Paris Bourse.

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.

Certain statements included herein, including the intended use of the net proceeds from the sale of the notes, and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements" within the meaning of the United States Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "contemplate", "target", "plan", "intends", "continue", "budget", "estimate", "may", "will", "schedule", and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management are inherently subject to significant business, economic and competitive uncertainties and contingencies. In particular, the Management's Discussion and Analysis includes many such forward-looking statements and the Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company's estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold or certain other commodities (such as silver, copper, fuel and electricity) and currencies; changes in interest rates or gold lease rates that could impact realized prices under our forward sales program; legislative, political or economic developments in the jurisdictions in which Barrick carries on business; operating or technical difficulties in connection with mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities or grades of reserves; and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in Barrick's Management's Discussion and Analysis contained in its 2003 Annual Report and its most recent Form 40-F/Annual Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities regulatory authorities.


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

    SOURCE: Barrick Gold Corporation

Email Alerts

Email Address *
Mailing Lists *


 
Enter the code shown above.

By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Barrick Gold Corporation and its affiliates and partners. You may withdraw your consent at any time using the unsubscribe link below.

Unsubscribe

Email Address:  *
Gold  $ 1,256.46 +2.71 +0.22% Volume: December 15, 2017
ABX NYSE  $ 14.06 -0.11 -0.78% Volume: 16,747,058 December 15, 2017
ABX TSX  $ 18.13 +0.07 +0.39% Volume: 7,279,132 December 15, 2017
Gold  $ 1,256.46 +2.71 +0.22% Volume: December 15, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council MemberMember of ICMM

En Español