Barrick Completes TSX Filing for Share Buyback Program

May 16, 2003
 TORONTO, Ontario--(BUSINESS WIRE)--May 16, 2003--

    All amounts in United States dollars

Barrick Gold Corporation announced today that it has completed the filing necessary to allow purchases of its common shares through the facilities of the Toronto Stock Exchange commencing May 22, 2003 and ending no later than May 21, 2004. Barrick has previously finalized the filings required to permit it to commence purchases on the New York Stock Exchange. The Company announced on May 7, 2003, that it planned a share buyback program of up to 35 million shares (approximately 7% of its public float) and had allocated up to US$500 million for that purpose. As of April 30, 2003, Barrick had 541,460,118 common shares outstanding. Shares purchased under the program will be cancelled.

Barrick is one of the world's leading gold producers and trades under the ticker symbol ABX on the Toronto, New York, London and Swiss stock exchanges and the Paris Bourse.

    CONTACT: Barrick Gold Corporation Vincent Borg, 416/307-7477

    SOURCE: Barrick Gold Corporation 

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