27 operating mines - advanced exploration

124.6 million ounces of gold reserves, 6.2 billion lbs of copper reserves & 1.03 billion ounces of silver

Barrick Gold Profile

Barrick Gold Corporation, Toronto, TSX & NYSE: ABX

Barrick is the world’s pre-eminent gold producer, with a portfolio of 27 operating mines, many advanced exploration and development projects located across five continents, and large land positions on the most prolific and prospective mineral trends.

The Company also has the largest reserves in the industry, with 124.6 million ounces of proven and probable gold reserves, 6.2 billion pounds of copper reserves and 1.03 billion ounces of contained silver within gold reserves as at December 31, 2007.

In 2007, Barrick produced 8.06 million ounces of gold at a cash cost of $350 per ounce. In addition, the Company produced 402 million pounds of copper at a total cash cost of $0.83 per pound. For 2008, Barrick is targeting gold production of 7.6-8.1 million ounces and copper production of approximately 380-400 million pounds.

Total cash costs are expected to be $390-$415 per ounce of gold and $1.15-$1.25 per pound of copper.

The Company has a successful track record of mine development, having completed the construction of the Tulawaka, Lagunas Norte and Veladero mines in 2005, the Cowal mine in early 2006, and the re-opening of the Ruby Hill mine in early 2007.

Barrick has many more projects at various stages of exploration and development. This robust and unrivalled pipeline of projects is due to the Company’s ongoing commitment to exploration, even in times of lower gold prices. Barrick is actively exploring for gold in more than 15 countries around the world.

Barrick has the gold mining industry’s strongest and only ‘A’ rated balance sheet, which positions the Company to take prompt advantage of attractive development, exploration and acquisition opportunities as they arise without needing to pause for financing.

Last changed at 19-Jan-2009 02:14AM by Highgrader