Barrick Gold Corporation

Company name:
Barrick Gold Corporation  Jobs (Visit website)
City & State: Toronto , Canada
Industry type: Highway - Heavy Contractors
Company Description:  
Barrick Gold Corporation is the gold industry leader, with a portfolio of operating mines and projects located across five continents, as well as large land positions on some of the most prolific mineral trends. The Company has:

* The gold industry only rated balance sheet;
* The gold industrys largest production, reserves and market capitalization;
* Three advanced projects in construction expected to contribute 2.6 million ounces of low cost annual production once at full capacity1; and
* An unwavering commitment to safe and responsible mining.


Barrick generated $2.2 billion of operating cash flow in 2008; had $1.4 billion in cash; and a $1.5 billion undrawn line of credit as at December 31, 2008.

With the industrys largest production of 7.7 million ounces in 2008 and largest reserves of 138.5 million ounces, Barrick offers investors exceptional leverage to higher gold prices. The Company also has 6.4 billion pounds of copper reserves and 1.09 billion ounces of contained silver within gold reserves as at December 31, 2008.

Barrick is committed to sustainable economic development, environmental stewardship and a culture of safety. Barrick was added to the Dow Jones Sustainability Index World in 2009 for the second consecutive year and maintained its listing on the Dow Jones Sustainability Index North America for the third year in a row.

In 2008, Barrick produced 7.66 million ounces of gold at cash costs of $443 per ounce2 (net cash costs of $337 per ounce3). In addition, the Company produced 370 million pounds of copper at a total cash cost of $1.19 per pound. For 2009, Barrick is expecting gold production of 7.2 - 7.6 million ounces and copper production of approximately 375 - 400 million pounds. Total cash costs are expected to be $450 - $475 per ounce2 (net cash costs of $360 - $385 per ounce3) and $1.25 - $1.35 per pound of copper. For 2010, the Company expects production to increase to about 7.7 - 8.1 million ounces at expected lower total cash costs with new production from Cortez Hills.

Barrick shares are traded on the Toronto and New York stock exchanges.
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