operations
Premier assets, profitable production

Barrick produced 6.12 million ounces of gold in 2015 from a portfolio that includes some of the world’s premier gold assets.

Our five core mines in the Americas are expected to account for about 70% of our total production in 2016, at a cost of sales applicable to gold of $790-840 per ounce, and all-in sustaining costs of $620-$650 per ounce1. With an average reserve grade of 1.88 grams per tonne2—more than double that of our peer group average—they are among the most attractive assets in the entire gold industry.

Copper production in 2015 was 511 million pounds.

2016 Full-Year Guidance

5.25-5.55 million Ounces of gold $800 - $850 Cost of sales per ounce $740-$775 All-in sustaining costs per ounce1
380-430 million Pounds of copper $1.35 - $1.55 Cost of sales per pound $2.00-$2.20 All-in sustaining costs per pound3
Date Download Description
January 1, 2013 files/design/bodybg/operations.jpg
Operations

Core Operations

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Pueblo Viejo DOMINICAN
REPUBLIC

Pueblo Viejo

Other Gold Operations

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Hemlo CANADA
Hemlo
Porgera PAPUA NEW GUINEA
Porgera

Copper Operations

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Exploration & Growth

Projects

Barrick's project portfolio is unsurpassed in the gold industry and represents a source of optionality and value.

» Learn more

Acacia Mining plc

Acacia Mining plc

Acacia Mining plc is a company listed on the London Stock Exchange that owns gold mines and exploration properties in Africa. Barrick holds a 63.9% equity interest in Acacia.

» www.acaciamining.com

Footnotes

  1. "Cash costs" per ounce and "All-in sustaining costs" per ounce are non-GAAP financial performance measures. "Cash costs" per ounce is based on cost of sales but excludes, among other items, the impact of depreciation. "All-in sustaining costs" per ounce begins with "Cash costs" per ounce and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs and minesite exploration and evaluation costs. Barrick believes that the use of "cash costs" per ounce and "all-in sustaining costs" per ounce will assist investors, analysts and other stakeholders in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall Company basis. "Cash costs" per ounce and "All-in sustaining costs" per ounce are intended to provide additional information only and do not have any standardized meaning under IFRS. Although a standardized definition of all-in sustaining costs was published in 2013 by the World Gold Council (a market development organization for the gold industry comprised of and funded by 18 gold mining companies from around the world, including Barrick), it is not a regulatory organization, and other companies may calculate this measure differently. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. Further details on these non-GAAP measures are provided in the MD&A accompanying Barrick's financial statements filed from time to time on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
     
  2. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2015, unless otherwise noted. For United States reporting purposes, Industry Guide 7 under the Securities and Exchange Act of 1934 (as interpreted by Staff of the SEC), applies different standards in order to classify mineralization as a reserve. Accordingly, for U.S. reporting purposes, approximately 1.70 million ounces of proven and probable gold reserves at Cortez and approximately 2.11 million ounces of proven and probable gold reserves at Lagunas Norte are classified as mineralized material. Complete mineral reserve and mineral resource data for all mines and projects referenced on this website, including tonnes, grades and ounces, can be found on pages 25-35 of Barrick’s 2015 Form 40-F/Annual Information Form.
     
  3. "C1 cash costs" per pound and "All-in sustaining costs" per pound are non-GAAP financial performance measures. "C1 cash costs" per pound is based on cost of sales but excludes the impact of depreciation and royalties and includes treatment and refinement charges. "All-in sustaining costs" per pound begins with "C1 cash costs" per pound and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs and royalties. Barrick believes that the use of "C1 cash costs" per pound and "all-in sustaining costs" per pound will assist investors, analysts, and other stakeholders in understanding the costs associated with producing copper, understanding the economics of copper mining, assessing our operating performance, and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall company basis. "C1 cash costs" per pound and "All-in sustaining costs" per pound are intended to provide additional information only, do not have any standardized meaning under IFRS, and may not be comparable to similar measures of performance presented by other companies. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Further details on these non-GAAP measures are provided in the MD&A accompanying Barrick's financial statements filed from time to time on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Gold  $ 1,166.50 -11.09 -0.94% Volume: December 5, 2016
ABX NYSE  $ 15.66 +0.00 +0% Volume: 19,253,700 December 2, 2016
ABX TSX  $ 20.81 +0.00 +0% Volume: 4,320,600 December 2, 2016
Gold  $ 1,166.50 -11.09 -0.94% Volume: December 5, 2016

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 Member

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