Denver Gold Group > Member Company Profile > African Barrick Gold

Address

No. 1 Cavendish Place, 5th Floor
London W1G 0QF
United Kingdom

Value Drivers

• Existing production base in excess of 700 koz
• High quality, long life assets with 27m oz resource base
• Range of near mine and greenfield growth projects
• Targeting 1 Moz of annual production by 2014
• Strong balance sheet provides significant strategic flexibility - $455m net cash

Management

Chairman:	Aaron Regent
CEO/President/MD:	Greg Hawkins
CFO:	Kevin Jennings
COO:	Marco Zolezzi
Other Key Staff:	Andrew Wray - Head of Corporate Development and Investor Relations Peter Spora - VP Exploration

IR Contact

Andrew Wray
+44 207 129 7150
awray@africanbarrickgold.com
www.africanbarrickgold.com/

Cautionary Information

© Copyright 2012, Denver Gold Group & African Barrick Gold.

Although every care has been taken to ensure that this data is accurate, Denver Gold Group cannot accept responsibility for sourcing variances, mistakes, errors or omissions or for any action taken in reliance thereon. Use of this data is governed by Denver Gold Group's Terms of Use. Certain information contained in this profile, including any information as to strategy, projects, plans or future financial or operating performance and other statements that express management's expectations or estimates of future performance, constitute "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The words "believe", "expect", "will", "anticipate", "contemplate", "target", "plan", "continue", "budget", "may", "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. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of the Company 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: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of commodities and energy inputs; fluctuations in currency markets; changes in global and national interest rates; risks arising from holding derivative instruments; the ability of the Company to complete or successfully integrate an announced acquisition proposal; 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 costs associated with mining inputs and the construction of capital projects; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; changes in costs and estimates associated with the Company’s projects; adverse changes in the Company's credit rating, level of indebtedness and liquidity, contests over title to properties, particularly title to undeveloped properties; the risks involved in the exploration, development and mining business, including, without limitation, environmental hazards. Certain of these factors are discussed in greater detail in the Company's most recent regulatory filings with various national securities and other 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.

Last Updated: February 2, 2012

African Barrick Gold

London Stock Exchange : ABG

Status:	Producer
Primary Mineral:	Gold
Primary Country of Operation:	Tanzania

ABG is Tanzania's largest gold producer and one of the five largest gold producers in Africa. We have four producing mines, all located in the north of Tanzania, and several exploration projects at various stages of development.

With a high-quality asset base, solid growth opportunities and a clear strategy, we have the objective of increasing our existing production to one million ounces per year by 2014.

We aim to achieve this by:

- Driving operating efficiencies to optimise production from our existing asset base;
- Growing through near mine expansion and development of advanced-stage projects; and
- Organic greenfield growth and acquisitions in Africa.

Maintaining our licence to operate through acting responsibly in relation to our people, the environment and the communities in which we operate is central to achieving our objectives. ABG is a UK public company with its headquarters in London. We are listed on the Main Market of the London Stock Exchange under the symbol ABG. Historically and prior to our initial public offering (IPO), our operations comprised the Tanzanian gold mining business of Barrick Gold Corporation, our majority shareholder.

All data is attributable unless otherwise stated in footnotes. Mineral resources are exclusive of reserves unless otherwise stated in footnotes.

Top Shareholders

• Barrick Gold Corporation
• Boston Company Asset Management
• Franklin Resources
• Invesco
• Fidelity

Capital Structure

Common Shares Outstanding:	410,085,499
Float (%):	26.1
Warrants Outstanding:	0
Options Outstanding:	1,326,429
Fully Diluted Shares:	411,411,928

Stock as of February 17, 2012

	Local: GBP	USD
Stock Price:	4.39	6.94
52-Week Range:	6.24 - 3.83	9.87 - 6.06
Market Cap:	1,799 MM	2,845 MM
Fully Diluted Market Cap:	1,804 MM	2,854 MM
1-Year Return:	-19.698%