TORONTO--(BUSINESS WIRE)--March 30, 2005--Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX)(LSE:BGD)(SWX:ABX)(BOURSE:ABX):
Barrick Gold Corporation announced today that Alex Davidson has
been appointed Executive Vice President Exploration and Corporate
Development, effective immediately. Previously Mr. Davidson was
Executive Vice President of Exploration.
"I am thrilled to have Alex in this newly created position -
Barrick will be able to benefit from the greater collaboration of our
exploration and corporate development teams," said Greg Wilkins,
President and Chief Executive Officer. "Alex brings to this position a
real understanding of the mining business and a wealth of experience.
I look forward to working closely with him as we further develop our
growth plans."
Since joining Barrick in 1993, Mr. Davidson has overseen the
expansion of the Company's exploration program from North America into
South America and around the globe. "Barrick has consistently invested
in exploration and the exploration team has been successful on many
fronts - from the Frontera and Alto Chicama districts to introducing
technologically-advanced exploration techniques," said Mr. Davidson.
"I am excited to take on the challenge of both exploration and
corporate development - it's a collaborative approach that will
clearly focus on one priority: to grow this company."
Barrick also announced the appointment Rob Krcmarov as Vice
President, Exploration; previously, Mr. Krcmarov was Vice President,
Exploration for Australia, Tanzania and Asia.
Barrick is currently building a new generation of mines and is
targeting a 40 percent increase in its production profile by 2007 to
approximately 6.8-7.0 million ounces. The Tulawaka Mine in Tanzania
poured gold on March 15, 2005, and the Company expects to commence
production at three other new mines within the next year: Lagunas
Norte in Peru in the third quarter; Veladero in Argentina in the
fourth quarter; and Cowal in Australia in the first quarter of 2006.
Barrick's vision is to be the world's best gold mining company by
finding, developing and producing quality reserves in a profitable and
socially responsible manner. The Company's shares are traded on the
Toronto, New York, London and Swiss stock exchanges and the Paris
Bourse.
Barrick Gold Corporation (PARIS:ABX) (NYSE:ABX) (TSX:ABX)
(Swiss:ABX) (LSE:BGD)
CONTACT: Barrick Gold Corporation
Vincent Borg
Vice President, Corporate Communications
(416) 307-7477
Fax: (416) 861-1509
media@barrick.com
SOURCE: Barrick Gold Corporation