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Denver Gold Group > Member Company Profile > Barrick Gold Corporation

Barrick’s strategy prioritizes profitable production by maximizing risk-adjusted rates of return and free cash flow through a disciplined approach to capital allocation — returns will drive production, production will not drive returns.

Barrick’s high-quality portfolio includes some of the world’s premier, long life and low cost gold assets, which position it well in the current gold price cycle. For 2014, Barrick expects to produce 6.0-6.5 million equity ounces at all-in sustaining costs (AISC) of $900-$940 per ounce (1) the lowest of the senior gold producers. About 60% of total 2014 production is forecast to be generated by its five cornerstone mines at average AISC of $750-$800 per ounce. The company has 104 million ounces of proven and probable gold reserves (2) as of Dec 31, 2013.

Barrick has been listed on the Dow Jones Sustainability Index-World for six consecutive years and has maintained its listing on the Dow Jones Sustainability Index-North America for seven consecutive years.

Shares are traded on the Toronto and New York stock exchanges under the symbol ABX.

Address

Brookfield Place, TD Canada Trust Tower, Suite 3700, 161 Bay Street
Toronto, ON M5J 2S1
Canada

Cautionary Information

© Copyright 2014, Denver Gold Group & Barrick Gold Corporation.
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.

Cautionary Statement Regarding Forward Looking Statements, Including Outlook
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Certain information contained or incorporated by reference in this Profile, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words "expect", “forecast” 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 the company, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel and electricity); changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the Company does or may carry on business in the future; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; 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; adverse changes in our credit rating; the impact of inflation; operating or technical difficulties in connection with mining or development activities; the speculative nature of mineral exploration and development; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; fluctuations in the currency markets; changes in U.S. dollar interest rates; risks arising from holding derivative instruments; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the company; our ability to successfully integrate acquisitions or complete divestitures; employee relations; availability and increased costs associated with mining inputs and labor; and the organization of our previously held African gold operations and properties under a separate listed company. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this Profile are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

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.
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Barrick Gold Corporation

New York Stock Exchange : ABX

Last Updated: September 15, 2014

Information is qualified - read footnotes

Status: Producer
Primary Mineral: Gold
Secondary Mineral: Copper
Primary Country of Operation: United States
Value Drivers
  • Returns will drive production. Production will not drive returns.
  • We are the lowest-cost senior gold producer (all-in sustaining cost basis), with a high-quality reserve and resource base.
  • Our portfolio includes some of the world’s premier gold assets.
  • Listed on Dow Jones Sustainability World and North America indexes.

Annual Production
Gold, oz per year
GEOs: No

Annual Proven & Probable Reserves
Gold, Moz per year
Mineral Authority: NI 43-101, GEOs: No

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

Other Markets Traded On

ABX:CN

Top Shareholders
  • Widely Held
  • -
  • -
Management
Chairman: John Thornton
CEO/President/MD: Kelvin Dushnisky & Jim Gowans
CFO: Ammar Al-Joundi
Other Key Staff: Darian Rich - Executive VP, Talent Management
Rob Krcmarov - Senior VP, Global Exploration
George Joannou - Senior VP, Capital Allocation/Planning
Ivan Mullany - Senior VP, Capital Projects
Sybil Veenman - Senior VP & General Counsel
Capital Structure
Common Shares Outstanding: 1,164,669,608
Float (%): 100
Warrants Outstanding: 0
Options Outstanding: 5,746,615
Fully Diluted Shares: 1,170,416,223
Stock as of December 19, 2014
  Local: USD USD
Stock Price: 10.99 10.99
52-Week Range: 10.26 - 21.4510.26 - 21.45
Market Cap: 12,800 MM 12,800 MM
Fully Diluted Market Cap: 12,863 MM 12,863 MM
1-Year Return: -32.60%  
Average Volume (30 Day): 17,659,098  


Notes
(1) All-in sustaining costs per ounce is a non-GAAP financial performance measure. See pages 46-51 of Barrick’s Second Quarter 2014 Report.

(2) Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. For a breakdown, see pages 27-37 of Barrick’s 2013 Form 40-F.