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Barrick Reports Q3 Earnings of $345 Million ($0.40 Per Share); Friendly Deal to Add 51% of Cerro Casale to Pipeline

October 31, 2007

TORONTO, ONTARIO -- (MARKET WIRE) -- 10/31/07 -- Barrick Gold Corporation (TSX: ABX)(NYSE: ABX) -

THIRD QUARTER REPORT 2007 - OCTOBER 31, 2007

Based on US GAAP and expressed in US dollars

Highlights

- The Company reported third quarter earnings of $345 million ($0.40 per share), operating cash flow of $557 million ($0.64 per share) and EBITDA of $710 million ($0.82 per share)(1). All production was sold at prevailing market prices for a realized price of $681 per ounce, up 21% from the prior year quarter, as gold prices reached 27-year highs.

- Third quarter gold production was 1.93 million ounces at total cash costs of $370 per ounce(2), and copper production was 99 million pounds at total cash costs of $0.91 per pound(2). Barrick currently expects full year production of approximately 8.1 million ounces of gold at total cash costs of about $350 per ounce and 400 million pounds of copper at total cash costs of about $0.90 per pound, in line with original 2007 guidance.

- Access to higher grade ore from the new Filo Federico pit and the Amable pit at Veladero has now been achieved following a high waste stripping phase. Due to mine sequencing and stripping activities at Veladero and a number of other operations, the company's average head grade year-to-date is about 10 percent below reserve grade.

- Significant progress was made during the quarter on Barrick's extensive project pipeline, including: the commencement of earthworks at Buzwagi; the completion of a scoping study at Reko Diq; and the completion of a pre-feasibility study at Sedibelo.

- The Company has entered into a support agreement with Arizona Star Resource Corp. (TSX VENTURE: AZS)(AMEX: AZS) to acquire all of its outstanding shares for Cdn$18 per share in cash. The offer, which has been unanimously approved by Arizona Star's board, will add a 51% interest in the world-class Cerro Casale gold-copper project in Chile to Barrick's unrivalled project pipeline. The Company also announced an agreement with Highlands Pacific (ASX: HGL) to acquire highly prospective exploration licenses and the Kainantu gold mine in Papua New Guinea for $141.5 million in cash. With this acquisition, Barrick will have exploration access to over 5,300 square kilometers of contiguous ground in a core region that includes the large, long-life Porgera mine.

Barrick Gold Corporation reported Q3 production of 1.93 million ounces of gold at total cash costs of $370 per ounce compared to 2.16 million ounces produced at total cash costs of $281 per ounce for the prior-year period. As expected, third quarter costs were higher due to planned mine sequencing and waste stripping activities.

Earnings of $345 million ($0.40 per share), cash flow of $557 million ($0.64 per share) and EBITDA of $710 million ($0.82 per share) compare to prior year earnings of $405 million ($0.47 per share), cash flow of $748 million ($0.87 per share) and EBITDA of $703 million ($0.81 per share).

"Our operations are delivering all of their production into the spot market just as gold prices have broken 27-year highs," said Greg Wilkins, President and CEO. "Despite anticipated higher costs this quarter, Barrick continues to deliver excellent leverage to the strong gold price and this is being reflected in our share price performance."

PRODUCTION AND COSTS

In Q3 2007, Barrick produced 1.93 million ounces of gold at total cash costs of $370 per ounce. As expected, Q3 was a higher cost quarter due to waste stripping and mine sequencing at a number of operations, including activities to access higher grade ore at Veladero. The realized gold price was $681 per ounce, 21% higher than a year ago, and in line with the average third quarter spot price of $680 per ounce.

The Company also produced 99 million pounds of copper at total cash costs of $0.91 per pound during Q3 2007 versus 95 million pounds at total cash costs of $0.80 per pound in the prior year quarter. The average realized price for copper sales in Q3 2007 was $3.49 per pound.

Due to mine sequencing this year at a number of operations, average processed grades are about 10% below reserve grade year-to-date, representing one of the major factors in the increase in 2007 cash costs over 2006. Within the next few years, the Company expects a gradual trend back towards reserve grade to help mitigate other cash cost pressures.

The South American business unit produced 0.43 million ounces of gold at total cash costs of $219 per ounce. Year-to-date production of 0.8 million ounces at Lagunas Norte continues to exceed expectations on positive grade reconciliations and higher throughput. The operation is on track for another strong year after delivering 1.1 million oz at cash costs of $100 per ounce in 2006. Third quarter production at Veladero reflects a lack of high grade ore during a high waste stripping phase at Filo Federico. Waste stripping of 10 million tons (representing about two thirds of mined material) was carried out in Q3 and higher grade ore is now being sourced from the new Filo Federico pit and the Amable pit. The Zaldivar mine in Chile continued to provide strong cash flow, producing 80 million pounds of copper at total cash costs of $0.69 per pound.

The North American business unit contributed 0.79 million ounces at total cash costs of $381 per ounce. The Goldstrike complex produced 0.39 million ounces at cash costs of $388 per ounce as waste stripping continued in the Betze-Post pit. The underground operation returned to near expected levels after a transition to zone mining earlier in the year. The Company expects to process lower grade stockpiles at Goldstrike in the final quarter of the year as the open pit continues in a high waste stripping phase. The new Ruby Hill mine continued to ramp up smoothly, producing 51,000 ounces at total cash costs of $147 per ounce. Production from the Cortez JV exceeded expectations on higher grades and recoveries, while total cash costs were under plan at $369 per ounce.

The Australia-Pacific business unit produced 0.56 million ounces at $471 per ounce. The region was adversely impacted by the commissioning of a free milling circuit at Kanowna, power restrictions at Porgera and processing of low grade stockpiles at Granny Smith as conversion to underground mining continues. The Company is fully hedged on its Australian dollar operating expenditures for the balance of 2007 at a rate of $0.75, for 2008 at $0.77 and for 2009 at $0.78.

Production from the African business unit was 0.15 million ounces at total cash costs of $364 per ounce. The higher costs from this region reflect low equipment availability and higher maintenance costs at Bulyanhulu, as well as continued effects of heavy rainfalls in Tanzania earlier this year that caused changes to the mine plan at North Mara, resulting in mining of lower grade areas of the Gokona Phase 1 pit and processing of stockpiles. A stronger fourth quarter is expected from North Mara with access to higher grade areas and a recently commissioned new mining fleet. Underground development was initiated at Tulawaka during the third quarter and production is expected to begin in early 2008.

PROJECTS UPDATE

At Cortez Hills, $23 million (100% basis) was spent in Q3 on procurement of open pit mining equipment, engineering for project infrastructure, and additional development of the twin declines, which have progressed to 4,420 meters and are ahead of plan. Detailed engineering is more than 90% complete and delivery of mining equipment is on schedule. The Record of Decision Release is targeted for the second half of 2008 and construction is expected to be complete within 15 months of the Record of Decision.

At Pueblo Viejo, discussions with the Dominican government continue on its relocation action plan as well as power and water treatment solutions. Discussions are ongoing with third parties for the supply of reliable, efficient power. During the quarter, $13 million (100% basis) was spent to advance project design and engineering, exploration and community development programs and evaluation of power options. Work on the process flow sheet to recover zinc contained within the gold reserves is returning encouraging results and will be included in an updated feasibility study which envisages an initial 18,000 tpd operation.

At Pascua-Lama, mining and plant designs continue to be optimized with detailed engineering and construction planning moving forward on a limited basis while awaiting final resolution of progress on the cross-border fiscal agreement and outstanding permitting and regulatory issues, including the receipt of all sectoral permits in Argentina. A construction start is tied to the finalization of these outstanding agreements and approvals, the timing of which remains uncertain and beyond our control. Environmental approval has been received for a 34 MW power plant in Chile and engineering and contract development is proceeding. Environmental approval has also been received for a 20 MW wind farm.

Site access and construction of the Buzwagi project in Tanzania began in August and earthworks have commenced. Detailed engineering is approximately 60% complete, ahead of schedule and on budget. Procurement activities for mining equipment, crushers and process equipment are 80% complete and all long lead time items have been ordered. After a two-year construction period, Buzwagi is expected to produce 250,000-260,000 ounces a year at total cash costs of $270-$280 per ounce in its first five years of operation. Capital costs are forecast to be approximately $400 million.

At the Donlin Creek project in Alaska, the feasibility study is on schedule to be completed by November 12, 2007, along with an updated resource model which will incorporate additional drilling data from the nearly completed 80,000 meter core drill program.

At the Kabanga JV in Tanzania, operator Xstrata Plc continues to advance a pre-feasibility study for completion by year end, with a full feasibility study expected in 2008. Xstrata has spent $88 million of the $145 million initial commitment under the joint venture agreement to maintain its 50% interest in the project. Thereafter, Barrick and Xstrata will share costs equally. A 140,000 meter infill and exploration drill program on the current 48 million tonne resource is approximately 77% complete and ahead of plan with 10 rigs on site. The same advanced geophysical surveys that identified the Tembo deposit are being conducted across the regional licenses. Diamond drilling is scheduled to commence mid-October to test a number of significant regional anomalies.

A pre-feasibility study has been completed at the near surface Sedibelo platinum project on the western limb of the Bushveld complex in South Africa and has returned positive results. Additional metallurgical pilot test work is underway to increase confidence in mineralogy given the number and complexity of reef types. The schedule for installation of temporary water and power to site for construction is on target and a feasibility study is expected in April 2008.

EXPLORATION UPDATE(3)

Barrick's 2007 exploration program is weighted towards resource additions and conversion at and around the mine sites while still maintaining a balanced portfolio in order to generate quality projects for the future.

At Cortez, 9 rigs were active and drilling continued on the Cortez Hills Lower Zone, where geologic modeling is underway to provide an inferred resource for year end. Results to date have confirmed the continuity and grade of mineralization and the 3,000 foot long zone remains open to the south where the zone was previously thought to be faulted off. Drilling in the south part of the zone continues to intersect oxide mineralization. Planning is in progress for underground drilling to further test the Lower Zone in early 2008. Regional drilling has identified several new targets and assays to date have intersected numerous mineralized intercepts confirming the potential of the district.

Core drilling at Goldstrike from an underground drift at Banshee is returning positive results and in-fill drilling is increasing resources. The potential at Banshee will be evaluated in conjunction with programs underway at North Post and Deep North Post. At Turquoise Ridge, an underground drill program is testing the North High Grade Bullion zone.

At Pueblo Viejo, ongoing drilling continued to further define the new Monte Oculto deposit, which remains open to the east. Recent in-fill holes have returned higher grades than the initial discovery holes and substantially higher than the average deposit grade. In-fill drilling continues to demonstrate continuity between the West Moore and Monte Negro pits and potential for untested areas of mineralization within and outside the pit areas. At West Moore, extension drilling has identified additional significant targets to the west.

A scoping study at Reko Diq has been completed for the Western Porphyries and approval has been given to proceed with a feasibility study to evaluate an initial 72,000 tpd operation. In parallel, approval has been given to proceed with a pre-feasibility study to evaluate expansion options. Ongoing metallurgical test work continues to indicate promising recoveries for a flotation concentrate. Geological remodeling has been completed at H15 and demonstrates the potential to significantly increase the existing copper-gold resource. Drilling has been completed at H14 and modeling is currently underway. Over 68,000 meters have been drilled to date and results continue to be positive and confirm the expected grade and continuity of the copper-gold mineralization. A resource is scheduled to be completed by year end.

CORPORATE DEVELOPMENT

The Company has entered into a friendly agreement with Arizona Star Resource Corp. (TSX VENTURE: AZS)(AMEX: AZS) to acquire all of its outstanding shares for Cdn$18 per share in cash. The offer, which has been unanimously approved by Arizona Star's board, will add a 51% interest in the world-class Cerro Casale gold-copper project in Chile to Barrick's unrivalled project pipeline. The bid requires two-thirds acceptance by Arizona Star shareholders, of which 35% has been secured in a lock-up agreement with its directors, officers and largest shareholder, FCMI Resources Ltd. Barrick has the right to match any superior proposal and will receive a Cdn$27 million break fee if the offer is not successfully completed.

"Cerro Casale will be a very complementary addition with potential synergies for our asset base in Chile where we have been operating for well over a decade," said Greg Wilkins. "We are pleased to have reached a friendly agreement in the current circumstances which are conducive to the project moving forward."

The Company has also entered into an agreement with Highlands Pacific (ASX: HGL) to acquire over 2,900 square kilometers of highly prospective exploration licenses and the Kainantu gold mine in Papua New Guinea for $141.5 million in cash. A comprehensive exploration program is planned for 2008 to follow up on identified high grade gold vein targets and further define indicated copper-gold porphyry potential in the district. With this acquisition, Barrick will have exploration access to over 5,300 square kilometers of contiguous ground with multi-million ounce potential in a core region that includes the world-class Porgera mine. The transaction is expected to close by year end.

The agreement to acquire an additional 20 per cent interest in the Porgera mine in Papua New Guinea from Emperor Mines Limited for $264 million in cash closed in Q3. The sale of the Paddington operation in Australia was also completed during the quarter.

The Company sold its remaining 4.6 million shares of Gold Fields acquired from the sale of the 50% interest in South Deep for an after-tax gain of $5 million.

CORPORATE SOCIAL RESPONSIBILITY

The Company achieved a significant milestone during the quarter when it was included in the Dow Jones Sustainability Index (DJSI), one of the world's most important indicators of corporate social responsibility. With the recent certification of the Veladero mine, all of Barrick's South American operations have now been validated under the ISO 14001 environmental management standard. Also, the Pierina mine has been recently certified compliant with the International Cyanide Management Code, a voluntary program designed under the United Nations Environment Program and the International Council on Metals and the Environment to comply with high quality standards in cyanide management. Pierina is the first mine in South America to obtain this recognition.

"We are very pleased with our inclusion in the DJSI and the outstanding achievements of the Veladero and Pierina mines," said Greg Wilkins. "Barrick remains committed to comprehensive and responsible environmental management and to sustainable development."

FINANCIAL POSITION

At September 30, 2007, Barrick maintained the industry's strongest credit rating, with a cash balance of $2.7 billion and net debt of $0.5 billion. This strong liquidity gives the Company the ability to fund its project pipeline without the need for equity dilution.

OUTLOOK

Production in the final quarter of the year is expected to be higher than in Q3 with access to higher grade ore at Veladero. The Company currently expects full year production of approximately 8.1 million ounces of gold and 400 million pounds of copper at total cash costs of about $350 per ounce for gold and about $0.90 per pound for copper, in line with original 2007 guidance. Our production and cash cost outlook is subject to certain ongoing risk factors, including the potential impact of labor disruptions at the Bulyanhulu mine and the effects of certain industry wide cost pressures, including higher energy and gold price related costs.

Barrick's vision is to be the world's best gold company by finding, acquiring, developing and producing quality reserves in a safe, profitable and socially responsible manner. Barrick's shares are traded on the Toronto and New York stock exchanges.

(1) EBITDA and EBITDA per share are non-GAAP financial measures. For further information on these performance measures, see page 31 of the Company's MD&A.

(2) Total cash costs per ounce/pound is defined as cost of sales divided by ounces of gold sold or pounds of copper sold. Total cash costs per ounce/pound exclude amortization expense and inventory purchase accounting adjustments. For further information on this operating performance measure see pages 32 - 34 of the Company's MD&A.

(3) Barrick's exploration programs are designed and conducted under the supervision of Robert Krcmarov, Vice President, Exploration of Barrick. For information on the geology, exploration activities generally, and drilling and analysis procedures on Barrick's material properties, see Barrick's most recent Annual Information Form/Form 40-F on file with Canadian provincial securities regulatory authorities and the US Securities and Exchange Commission.

Key Statistics

                                Three months ended       Nine months ended
(in United States dollars)            September 30,           September 30,
                            -----------------------------------------------
(Unaudited)                       2007        2006       2007         2006
---------------------------------------------------------------------------

Operating Results
Gold production (thousands
 of ounces)(1)                   1,931       2,162      5,917        6,203

Gold sold (thousands of
 ounces)(1)                      1,886       2,169      6,013        6,107

Per ounce data
 Average spot gold price        $  680      $  622     $  666       $  601
 Average realized gold price(5)    681         564        558          570
 Total cash costs(2)               370         281        342          282
 Amortization(3)                   128          76        102           79
---------------------------------------------------------------------------
 Total production costs            498         357        444          361
---------------------------------------------------------------------------

Copper production
 (millions of pounds)               99          95        300          267
Copper sold (millions
 of pounds)                        111          99        308          276

Per pound data
 Average spot copper price      $ 3.50      $ 3.48     $ 3.22       $ 3.00
 Average realized copper
  price(6)                        3.49        3.39       3.26         3.08
 Total cash costs(2)              0.91        0.80       0.83         0.77
 Amortization(3)                  0.32        0.24       0.32         0.39
---------------------------------------------------------------------------
 Total production costs           1.23        1.04       1.15         1.16
---------------------------------------------------------------------------

Financial Results (millions)
Sales                          $ 1,684     $ 1,562    $ 4,415      $ 4,282
Net income                         345         405        582        1,088
Operating cash flow                557         748      1,056        1,791

Per Share Data (dollars)
 Net income (basic)               0.40        0.47       0.67         1.30
 Net income (diluted)             0.39        0.46       0.67         1.29
 Operating cash flow (basic)      0.64        0.87       1.22         2.14
 Operating cash flow (diluted)    0.63        0.85       1.20         2.11
Weighted average basic
 common shares (millions)          867         864        866          835
---------------------------------------------------------------------------
Weighted average diluted
 common shares (millions)(4)       879         879        878          850
---------------------------------------------------------------------------


                                                        As at        As at
                                                 September 30, December 31,
                                               ----------------------------
                                                         2007         2006
---------------------------------------------------------------------------
Financial Position (millions)
Cash and equivalents                                  $ 2,718      $ 3,043
Non-cash working capital                                1,063          764
Long-term debt                                          3,188        3,244
Shareholders' equity                                   14,791       14,199
---------------------------------------------------------------------------

(1) Includes equity gold ounces in Tulawaka for 2006 and 2007 and South
    Deep for 2006 only. Production also includes equity gold ounces in
    Highland Gold. Gold production also includes an additional 20% share
    of production from the Porgera mine from April 1, 2007 onwards.
(2) Represents equity cost of goods sold plus royalties, production taxes
    and accretion expense, less by-product revenues, divided by equity
    ounces of gold sold or pounds of copper sold. For further information
    on this performance measure, refer to pages 30 to 34. Excludes
    amortization and inventory purchase accounting adjustments.
(3) Represents equity amortization expense and inventory purchase
    accounting adjustments at the Company's producing mines divided by
    equity ounces of gold sold or pounds of copper sold.
(4) Fully diluted, includes dilutive effect of stock options and
    convertible debt.
(5) Calculated as total gold sales divided by total ounces sold.
(6) Realized prices represents gold and copper revenues under US GAAP,
    adjusted for unrealized gains and losses on non-hedge derivatives.
    For further information on this performance measure, refer to page
    31.



Production and Cost Summary

              Gold Production     Total Cash Gold Production     Total Cash
         (attributable ounces)         Costs   (attributable          Costs
                       (000's)       (US$/oz) ounces)(000's)       (US$/oz)
---------------------------------------------------------------------------
                 Three months   Three months     Nine months   Nine months
                        ended          ended           ended         ended
                 September 30,  September 30,   September 30, September 30,
------------------------------ --------------  -------------- -------------
(Unaudited)      2007  2006(1)  2007  2006(1)   2007  2006(1)  2007 2006(1)
------------------------------ --------------  -------------- -------------
North America     787      765 $ 381    $ 345   2,399   2,439 $ 361   $ 308
South America     429      566   219      129   1,459   1,450   189     162
Australia Pacific 558      570   471      364   1,559   1,615   450     332
Africa            146      256   364      254     469     675   359     322
Other              11        5   595      467      31      24   504     456
---------------------------------------------------------------------------
Total           1,931    2,162   370      281   5,917   6,203 $ 342   $ 282
---------------------------------------------------------------------------

                       Copper                          Copper
                   Production                      Production
                (attributable      Total Cash   (attributable   Total Cash
                       pounds)          Costs          pounds)       Costs
                    (Millions)        (US$/lb)      (Millions)     (US$/lb)
---------------------------------------------------------------------------
                 Three months   Three months     Nine months   Nine months
                        ended          ended           ended         ended
                 September 30,  September 30,   September 30, September 30,
------------------------------ --------------  -------------- -------------
(Unaudited)      2007  2006(1)   2007 2006(1)   2007  2006(1)  2007 2006(1)
------------------------------ --------------  -------------- -------------
South America      80       80 $ 0.69  $ 0.65    238      222 $0.67  $ 0.62
Australia Pacific  19       15   1.46    1.55     62       45  1.44    1.44
---------------------------------------------------------------------------
Total              99       95 $ 0.91  $ 0.80    300      267 $0.83  $ 0.77
---------------------------------------------------------------------------



                                       Total Gold Production Costs (US$/oz)
---------------------------------------------------------------------------
                                                Three months   Nine months
                                                       ended         ended
                                                September 30, September 30,
---------------------------------------------------------------------------
(Unaudited)                                     2007  2006(1)  2007 2006(1)
---------------------------------------------------------------------------
 Direct mining costs at market foreign
  exchange rates                               $ 377    $ 282 $ 347   $ 285
 Gains realized on currency and
  commodity hedge contracts                     (25)     (11)  (20)    (11)
 By-product credits                             (10)     (12)  (12)    (16)
---------------------------------------------------------------------------
Cash operating costs                             342      259   315     258
 Royalties                                        20       17    19      18
 Production taxes                                  3        2     4       3
 Accretion and other costs                         5        3     4       3
---------------------------------------------------------------------------
Total cash costs                                 370      281   342     282
 Amortization                                    128       76   102      77
 Inventory purchase accounting adjustments         -        -     -       2
---------------------------------------------------------------------------
Total production costs(2)                      $ 498    $ 357 $ 444   $ 361
---------------------------------------------------------------------------



                                     Total Copper Production Costs (US$/lb)
---------------------------------------------------------------------------
                                                Three months   Nine months
                                                       ended         ended
                                                September 30, September 30,
---------------------------------------------------------------------------
(Unaudited)                                     2007  2006(1)  2007 2006(1)
---------------------------------------------------------------------------
Cash operating costs                          $ 0.88   $ 0.79 $ 0.81 $ 0.76
 Royalties                                      0.02     0.01   0.01   0.01
 Accretion                                      0.01        -   0.01      -
------------------------------------------------------------- -------------
Total cash costs                                0.91     0.80   0.83   0.77
 Amortization                                   0.32     0.14   0.32   0.13
 Inventory purchase accounting
  adjustments                                      -     0.10      -   0.26
------------------------------------------------------------- -------------

Total production costs(2)                     $ 1.23   $ 1.04 $ 1.15 $ 1.16
---------------------------------------------------------------------------

(1) Barrick's share of acquired Placer Dome mines' production and total
    cash costs for the period January 20, 2006 to September 30, 2006.
(2) Total cash costs per ounce/pound excludes amortization and inventory
    purchase accounting adjustments. Total cash costs per ounce/pound is a
    performance measure that is used throughout this Third Quarter Report
    2007. For more information see pages 33 to 34 of the Company's MD&A.



Consolidated Statements of Income

Barrick Gold Corporation
(in millions of United States
 dollars, except per share data)     Three months ended  Nine months ended
 (Unaudited)                               September 30,      September 30,
---------------------------------------------------------------------------
                                           2007    2006       2007    2006
---------------------------------------------------------------------------
Sales (notes 4 and 5)                    $1,684  $1,562    $ 4,415 $ 4,282
Costs and expenses
Cost of sales (note 6)(1)                   804     695      2,339   1,979
Amortization (note 4)                       312     184        751     509
Corporate administration                     38      33        104      98
Exploration                                  48      49        118     126
Project development expense (note 13)        49      33        151      80
Other operating expenses (note 7A)           39      72        109     123
---------------------------------------------------------------------------
                                          1,290   1,066      3,572   2,915
---------------------------------------------------------------------------
Other (income) expense
Interest income                            (33)    (24)      (107)    (77)
Interest expense (note 15B)                  28      37         91      86
Other income (note 7B)                     (25)    (17)      (102)    (28)
Other expense (note 7C)                      17       9         40      26
---------------------------------------------------------------------------
                                           (13)       5       (78)       7
---------------------------------------------------------------------------
Income from continuing operations
 before income taxes and other items        407     491        921   1,360
Income tax expense (note 8)                (58)   (101)      (326)   (276)
Non-controlling interests (note 2B)           2       7         10       4
Loss from equity accounted investees
 (note 11)                                  (6)     (1)       (32)     (3)
---------------------------------------------------------------------------
Income from continuing operations           345     396        573   1,085
Discontinued operations
 Gain (loss) from discontinued
  operations (note 3D)                        -       9          9       3
 Income tax recovery                          -       -          -       -
---------------------------------------------------------------------------
Net income for the period                 $ 345   $ 405      $ 582 $ 1,088
---------------------------------------------------------------------------
Earnings per share data (note 9):
Income from continuing operations
 Basic                                   $ 0.40  $ 0.46     $ 0.66  $ 1.30
 Diluted                                 $ 0.39  $ 0.45     $ 0.66  $ 1.28
Net income
 Basic                                   $ 0.40  $ 0.47     $ 0.67  $ 1.30
 Diluted                                 $ 0.39  $ 0.46     $ 0.67  $ 1.29
---------------------------------------------------------------------------

(1) Exclusive of amortization (note 4).
The accompanying notes are an integral part of these unaudited interim
consolidated financial statements.



Consolidated Statements of Cash Flow

Barrick Gold Corporation                    Three months        Nine months
(in millions of United States dollars)             ended              ended
(Unaudited)                                September 30,      September 30,
                                           2007     2006      2007     2006
---------------------------------------------------------------------------
OPERATING ACTIVITIES
Net income for the period                 $ 345    $ 405     $ 582  $ 1,088
Amortization (note 4)                       312      184       751      509
Income tax expense (note 8)                  58      101       326      276
Income taxes paid                         (110)     (40)     (458)    (132)
Revisions to AROs at closed mines             -       39         -       39
Gold hedge accounting adjustments           (3)       79         2      146
Other items (note 10)                      (45)     (20)     (147)    (135)
---------------------------------------------------------------------------
Net cash provided by operating
 activities                                 557      748     1,056    1,791
---------------------------------------------------------------------------
INVESTING ACTIVITIES
Property, plant and equipment
 Capital expenditures (note 4)            (249)    (209)     (727)    (743)
 Sales proceeds                              33        3        43        6
Acquisitions, net of cash
 acquired (note 3)                        (259)    (145)     (259)    (305)
Other investments
 Purchases                                    -        -       (4)     (26)
 Sales proceeds                              38       26       549       45
 Reclassification of Asset-Backed
  Commercial Paper                         (65)        -      (65)        -
Loans issued to joint venture
 partners (note 13A)                       (12)        -      (43)        -
Non-hedge derivative copper
 option premiums                              -        -      (23)        -
Other investing activities                    -       48       (4)        6
---------------------------------------------------------------------------
Net cash provided by (used in)
 investing activities                     (514)    (277)     (533)  (1,017)
---------------------------------------------------------------------------
FINANCING ACTIVITIES
Capital stock
 Proceeds on exercise of stock options       81       11       122       61
Long-term debt
 Proceeds                                     -        2         -    1,094
 Repayments                                (19)      (1)     (677)    (875)
Dividends                                     -        -     (130)     (96)
Settlement of derivative
 instruments acquired in Placer
 Dome acquisition                             -    (140)     (197)  (1,834)
Other financing activities                    -     (11)         -     (15)
---------------------------------------------------------------------------
Net cash provided by (used in)
 financing activities                        62    (139)     (882)  (1,665)
---------------------------------------------------------------------------
CASH FLOWS OF DISCONTINUED OPERATIONS
 Operating activities                        21        -        21       22
 Other investing activities                   -     (11)         -     (54)
 Proceeds on sale of operations to
  Goldcorp                                    -        -         -    1,641
 Financing activities                         -       11         -       10
---------------------------------------------------------------------------
                                             21        -        21    1,619
---------------------------------------------------------------------------
Effect of exchange rate changes on
 cash and equivalents                         8      (1)        13      (4)
---------------------------------------------------------------------------
Net increase (decrease) in cash
 and equivalents                            134      331     (325)      724
Cash and equivalents at beginning
 of period                                2,584    1,430     3,043    1,037
---------------------------------------------------------------------------
Cash and equivalents at end of period   $ 2,718  $ 1,761   $ 2,718  $ 1,761
---------------------------------------------------------------------------

The accompanying notes are an integral part of these unaudited interim
 consolidated financial statements.



Consolidated Balance Sheets

Barrick Gold Corporation                             As at           As at
(in millions of United States dollars)        September 30,    December 31,
(Unaudited)                                           2007            2006
---------------------------------------------------------------------------
ASSETS
Current assets
 Cash and equivalents                              $ 2,718         $ 3,043
 Accounts receivable                                   307             234
 Inventories (note 12)                               1,064             931
 Other current assets                                  691             588
---------------------------------------------------------------------------
                                                     4,780           4,796
 Other investments (note 11)                           181             646
 Equity method investments (note 11)                   289             327
 Property, plant and equipment (note 13)             8,518           8,390
 Intangible assets                                      70              75
 Goodwill (note 14)                                  5,905           5,855
 Other assets                                        1,678           1,421
---------------------------------------------------------------------------
Total assets                                      $ 21,421        $ 21,510
---------------------------------------------------------------------------
LIABILITIES AND SHAREHOLDERS' EQUITY
Current liabilities

 Accounts payable                                 $    763        $    686
 Short term debt                                       238             863
 Other current liabilities                             236             303
---------------------------------------------------------------------------
                                                     1,237           1,852
 Long-term debt (note 15)                            3,188           3,244
 Asset retirement obligations                          873             843
 Deferred income tax liabilities                       833             798
 Other liabilities                                     409             518
---------------------------------------------------------------------------
Total liabilities                                    6,540           7,255
---------------------------------------------------------------------------
Non-controlling interests                               90              56
---------------------------------------------------------------------------
Shareholders' equity
 Capital stock (note 16)                            13,244          13,106
 Retained earnings                                   1,426             974
 Accumulated other comprehensive income (note 17)      121             119
---------------------------------------------------------------------------
Total shareholders' equity                          14,791          14,199
---------------------------------------------------------------------------
Contingencies and commitments (notes 13 and 18)
---------------------------------------------------------------------------
Total liabilities and shareholders' equity        $ 21,421        $ 21,510
---------------------------------------------------------------------------

The accompanying notes are an integral part of these unaudited interim
 consolidated financial statements.



CORPORATE OFFICE                    TRANSFER AGENTS AND REGISTRARS
Barrick Gold Corporation            CIBC Mellon Trust Company
BCE Place, TD Canada Trust Tower,   P.O. Box 7010,
Suite 3700                          Adelaide Street Postal Station
161 Bay Street, P.O. Box 212        Toronto, Ontario M5C 2W9
Toronto, Canada M5J 2S1             Tel: (416) 643-5500
Tel: (416) 861-9911                 Toll-free throughout
Fax: (416) 861-0727                 North America: 1-800-387-0825
Toll-free within Canada and         Fax: (416) 643-5501
United States: 1-800-720-7415       Email: inquiries@cibcmellon.ca
Email: investor@barrick.com         Website: www.cibcmellon.com
Website: www.barrick.com


SHARES LISTED                       Mellon Investor Services L.L.C.
ABX - The Toronto Stock Exchange    480 Washington Blvd.-27th Floor
      The New York Stock Exchange   Jersey City, NJ  07310
                                    Tel: (201) 680-4971
                                    Fax: (201) 680-4665
                                    Email:  shrrelations@mellon.com
                                    Website:  www.mellon-investor.com


INVESTOR CONTACT                    MEDIA CONTACT
Deni Nicoski                        Vincent Borg
Vice President,                     Senior Vice President,
Investor Relations                  Corporate Communications
Tel: (416) 307-7410                 Tel: (416) 307-7477
Email: dnicoski@barrick.com         Email: vborg@barrick.com

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information included in this Press Release, including any information as to our future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". The words "expect", "will", "intend", "estimate" 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. 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, copper or certain other commodities (such as silver, fuel and electricity) and other currencies; changes in U.S. dollar interest rates or gold lease rates; risks arising from holding derivative instruments; ability to successfully complete announced transactions and integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and increasing costs associated with mining inputs and labor; the speculative nature of exploration and development, including the risks of diminishing quantities or grades of reserves; adverse changes in our credit rating, contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in the Company's most recent Form 40-F/Annual Information Form on file with the US Securities and Exchange Commission and Canadian provincial securities regulatory authorities.

The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.


Contacts:

Barrick Gold Corporation

MEDIA CONTACT:
Vincent Borg
Senior Vice President, Corporate Communications
(416) 307-7477
(416) 861-1509 (FAX)
Email: vborg@barrick.com


Barrick Gold Corporation
INVESTOR CONTACT:
Deni Nicoski
Vice President, Investor Relations
(416) 307-7410
Email: dnicoski@barrick.com

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Gold  $ 1,289.13 +7.21 +0.56% Volume: October 19, 2017
ABX NYSE  $ 16.14 -0.03 -0.19% Volume: 5,758,868 October 19, 2017
ABX TSX  $ 20.13 -0.04 -0.17% Volume: 877,309 October 19, 2017
Gold  $ 1,289.13 +7.21 +0.56% Volume: October 19, 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

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