Barrick Reports Fourth Quarter and Full Year 2013 Results

NEWS RELEASE TRANSMITTED BY Marketwired 
FOR: Barrick Gold Corporation 
NYSE SYMBOL:  ABX
TSX SYMBOL:  ABX 
FEBRUARY 13, 2014 
Barrick Reports Fourth Quarter and Full Year 2013 Results 
TORONTO, ONTARIO--(Marketwired - Feb. 13, 2014) - Barrick Gold Corporation
(NYSE:ABX)(TSX:ABX) (Barrick or the company) today reported a fourth quarter
net loss of $2.83 billion ($2.61 per share), including after-tax impairment
charges of $2.82 billion. Adjusted net earnings were $0.41 billion ($0.37 per
share). Operating cash flow was $1.02 billion and adjusted operating cash flow
was $1.09 billion. 
For the full year 2013, Barrick reported a net loss of $10.37 billion ($10.14
per share), including after-tax impairment charges of $11.54 billion. Adjusted
net earnings were $2.57 billion ($2.51 per share). Operating cash flow of $4.24
billion and adjusted operating cash flow of $4.36 billion reflect the
underlying strength of the company's high-quality mining operations. 
/T/ 
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OPERATING HIGHLIGHTS AND GUIDANCE                                            
2013 Actuals                   
--------------------               
Fourth      Full          2014
Gold                                         Quarter      Year      Guidance
----------------------------------------------------------------------------
Production (000s of ounces)                    1,713     7,166   6,000-6,500
All-in sustaining costs ($ per ounce)            899       915       920-980 
Copper                                                                      
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Production (millions of pounds)                  139       539       470-500
C1 cash costs ($ per pound)                     1.81      1.92     1.90-2.10 
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TOTAL CAPITAL EXPENDITURES ($ millions)        1,294     5,000   2,400-2,700
---------------------------------------------------------------------------- 
/T/ 
"The disciplined capital allocation framework that we adopted in mid-2012
has been at the core of every decision we've made in the last year and
half, and has put us in a much stronger position to deal with the challenging
gold price environment our industry is facing today. Under a comprehensive plan
to strengthen the company, we have become a leaner, more agile organization,
better protected against further downside price risk and well positioned to
take advantage of attractive investment opportunities going forward," said
Jamie Sokalsky, Barrick's President and CEO. "We have increased our
focus on free cash flow and risk-adjusted returns, and successfully executed on
our key priorities, which include operational excellence, a stronger balance
sheet and the ongoing optimization of our asset portfolio. This required
decisive action, including the temporary suspension of Pascua-Lama, and an even
greater focus on generating higher returns even if that means producing fewer
ounces. These were the right decisions for our shareholders and for the
company, and we are now seeing the tangible benefits of our efforts."  
Operational Excellence is a Top Priority  
/T/ 
--  Met improved gold and copper operating guidance for 2013 
--  Maintained the lowest all-in sustaining costs (AISC)(1) of our peer 
group in 2013 and expect to retain this position in 2014 
--  Significantly improved Lumwana's performance in 2013 and expect to 
reduce costs further in 2014 
--  Five core mines met expectations in 2013, producing about 4.0 million 
ounces or 55 percent of total production at AISC of $668 per ounce; 
these mines are expected to produce about 60 percent of total production 
in 2014 at AISC of $750-$800 per ounce 
--  Implemented a flatter, more streamlined organizational model that 
supports operational excellence; appointed Jim Gowans as Chief Operating 
Officer in December 2013, an experienced executive who brings four 
decades of global mining operations experience to Barrick 
--  Reduced 2013 general and administrative costs 
--  Targeting $500 million in annual cost savings from the new operating 
model, reduced procurement costs and other initiatives  
/T/ 
Strengthened Balance Sheet and Financial Flexibility 
/T/ 
--  Termed out $3.0 billion in debt in the second quarter of 2013 
--  Reduced 2013 capital and operating costs by about $2.0 billion 
--  Improved near-term cash flow through temporary suspension of Pascua-Lama
--  Raised $3.0 billion in a bought equity deal in the fourth quarter of 
2013 to repay debt, reducing maturities over the next four years to $1.0 
billion  
/T/ 
Continued Progress on Portfolio Optimization 
/T/ 
--  In the last six months, announced agreements to divest Barrick Energy, 
six high-cost, non-core mines and other assets for a total consideration 
of almost $1.0 billion 
--  Completed mine plans and reserve estimates using a conservative gold 
price assumption of $1,100 per ounce in order to prioritize profitable 
production and returns, while retaining the option to access the metal 
in the future when prices and returns improve  
/T/ 
"2013 was a tough year for Barrick by any measure, but with a renewed
focus on capital discipline and operational excellence across the board, we
have reset our focus and revitalized the company's prospects," Mr.
Sokalsky said. "We will not veer from this course, which has delivered
solid results, reduced costs and improved financial flexibility." 
FINANCIAL DISCUSSION 
Fourth quarter 2013 adjusted net earnings were $0.41 billion ($0.37 per
share)(1) compared to $1.16 billion ($1.16 per share) in the prior-year period.
The decrease reflects lower realized gold and copper prices and a decline in
gold and copper sales volumes. The net loss for the fourth quarter was $2.83
billion ($2.61 per share) compared to a net loss of $3.01 billion ($3.01 per
share) in the prior-year quarter. Significant adjusting items for the quarter
include: 
/T/ 
--  $2.82 billion in impairment charges, primarily related to Pascua-Lama, 
Porgera, Veladero and the Australia Pacific gold segment; and 
--  $176 million in suspension-related costs at Pascua-Lama.  
/T/ 
The company recorded an impairment charge for the Pascua-Lama project of $896
million(2) due to the decision to temporarily suspend construction in the
fourth quarter. At the Porgera mine, the company recorded an impairment charge
of $595 million based on changes to the mine plan to focus primarily on higher
grade underground ore. As a result, Porgera's estimated mine life has
decreased from 13 years to nine years. Lower gold price assumptions and the
impact of sustained inflationary pressures on operating and capital costs led
to a reduction of reserves and life-of-mine production at the Veladero mine in
Argentina, resulting in an impairment charge of $300 million. At Jabal Sayid,
the annual update to the life-of-mine plan showed a decrease in net present
value. In addition, the project's fair value was impacted by a delay in
first production. As a result, the company recorded an impairment charge of
$303 million. As part of its annual goodwill impairment test, the company
recognized a goodwill impairment charge of $551 million for its Australia
Pacific gold segment, primarily related to the lower estimated fair value of
Porgera.  
Fourth quarter operating cash flow of $1.02 billion compares to $1.85 billion
in the prior-year period. The decline reflects lower realized gold and copper
prices and increased income tax payments. Adjusted operating cash flow of $1.09
billion(3) compares to $1.93 billion in the prior-year period and removes the
impact of foreign currency and commodity derivative contract settlements.  
RESERVES AND RESOURCES 
Barrick calculated its reserves for 2013 using a conservative gold price
assumption of $1,100 per ounce, compared to $1,500 per ounce in 2012. While
this is well below the company's outlook for the gold price and below
current spot prices, it reflects Barrick's focus on producing profitable
ounces with a solid rate of return and the ability to generate free cash flow.
Gold reserves declined to 104.1 million ounces(4) at the end of 2013 from 140.2
million ounces at the end of 2012. Excluding ounces mined and processed in 2013
and divestitures, all of these ounces have transferred to resources, preserving
the option to access them in the future at higher gold prices.  
The 26 percent decline in reserves breaks down as follows (approximations): 
/T/ 
Percentage                                                                  
----------------------------------------------------------------------------
13         - conservative gold price assumption of $1,100 per ounce         
6          - ounces mined and processed in 2013                             
4          - ounces that are economic at $1,100 per ounce, but do not meet   
hurdle rates of return on invested capital                       
2          - ounces no longer economic due to increased costs               
2          - divestitures of non-core, high-cost mines as part of the        
company's portfolio optimization strategy                        
(1)        - additions                                                       
/T/ 
Measured and indicated gold resources increased to 99.4 million ounces at the
end of 2013 from 83.0 million ounces at the end of 2012. Resources were
calculated based on a gold price assumption of $1,500 per ounce compared to
$1,650 per ounce for 2012. Inferred gold resources decreased to 31.9 million
ounces at the end of 2013 from 35.6 million ounces at the end of 2012. 
Copper reserves increased slightly to 14.0 billion pounds based on a copper
price assumption of $3.00 per pound. Measured and indicated copper resources
decreased to 6.9 billion pounds from 10.3 billion pounds at the end of 2012
based on a copper price assumption of $3.50 per pound, primarily as a result of
further optimization of the Lumwana mine plan. Inferred copper resources
decreased to 0.2 billion pounds from 0.5 billion pounds at the end of 2012.  
2014 OUTLOOK  
Barrick's 2014 gold cost guidance is the lowest among senior producers,
with AISC expected to be $920-$980 per ounce and adjusted operating costs
projected to be $590-$640 per ounce.  
The company anticipates 2014 gold production of 6.0-6.5 million ounces. Lower
production in 2014 reflects the company's strategy to maximize free cash
flow and returns over ounces, the divestment of high-cost, short-life mines,
lower production from Cortez, and the decision to close Pierina. These declines
will be partially offset by an increase in production at Pueblo Viejo.  
Detailed 2014 operating guidance, based on the company's new operating
model, and capital expenditure guidance is as follows: 
/T/ 
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GOLD PRODUCTION AND COSTS                                                    
Production                      Adj. Operating 
(millions of              AISC             Costs 
ounces)     ($ per ounce)     ($ per ounce)
----------------------------------------------------------------------------
Cortez                       0.925-0.975           750-780           350-380
Goldstrike                   0.865-0.915           920-950           600-640
Pueblo Viejo                 0.600-0.700           510-610           385-445
Lagunas Norte                0.570-0.610           640-680           390-430
Veladero                     0.650-0.700           940-990           620-670
----------------------------------------------------------------------------
Sub-total                    3.800-4.000           750-800           450-500
----------------------------------------------------------------------------
North America - Other        0.795-0.845       1,075-1,100           780-805
Australia Pacific            1.000-1.080       1,050-1,100           825-875
African Barrick Gold         0.480-0.510       1,100-1,175           740-790
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Total Gold                6.000-6.500(5)           920-980           590-640
---------------------------------------------------------------------------- 
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COPPER PRODUCTION AND COSTS                                                  
Production                              C3 fully 
(millions of  C1 cash costs(6)  allocated costs(6) 
pounds)     ($ per pound)       ($ per pound)
----------------------------------------------------------------------------
Total Copper                   470-500         1.90-2.10           2.50-2.75
---------------------------------------------------------------------------- 
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CAPITAL EXPENDITURES                                                         
($ millions)                                      
----------------------------------------------------------------------------
Mine site sustaining       2,000-2,200                                      
Mine site expansion            300-375                                      
Projects                       100-125                                      
----------------------------------------------------------------------------
Total                      2,400-2,700                                      
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/T/ 
Total capital expenditures are expected to decrease by approximately 50 percent
in 2014 to $2.40-$2.70 billion, a reduction of approximately $2.5 billion
compared to 2013. The lower expenditures reflect the temporary suspension of
construction at Pascua-Lama and lower mine site sustaining and expansion
capital requirements. The 2014 exploration budget of $200-$240 million(7)
remains focused on high quality, priority projects. About 50 percent of the
budget is allocated to Nevada, the majority of which is targeted for the
Goldrush project, where measured and indicated resources increased by 1.6
million ounces to 10.0 million ounces at the end of 2013. Inferred resources at
Goldrush were 5.6 million ounces at the end of 2013. 
The company anticipates higher finance costs of $800-$825 million in 2014 as a
result of the decision to temporarily suspend Pascua-Lama, where interest will
no longer be capitalized.  
Barrick's effective income tax rate in 2014 is expected to be about 50
percent based on an average gold price of $1,300 per ounce. Please refer to the
Management Discussion and Analysis for a full description of factors impacting
the company's 2014 income tax rate. 
PASCUA-LAMA UPDATE 
During the fourth quarter of 2013, Barrick announced the temporary suspension
of construction at its Pascua-Lama project, except for those activities
required for environmental and regulatory compliance. The ramp-down is on
schedule for completion by mid-2014. The company expects to incur costs of
about $300 million(8) this year for the ramp-down and environmental and social
obligations. A decision to restart development will depend on improved
economics and reduced uncertainty related to legal and regulatory requirements.
Remaining development will take place in distinct stages with specific work
programs and budgets. This approach will facilitate more efficient planning and
execution and improved cost control. In the interim, Barrick will explore
opportunities to improve the project's risk-adjusted returns, including
strategic partnerships or royalty and other income streaming agreements. The
company will preserve the option to resume development of this asset, which has
a mine life of 25 years.  
CORPORATE GOVERNANCE AND EXECUTIVE COMPENSATION 
In December, 2013, Barrick announced that its Founder and Chairman, Peter Munk,
would retire as Chairman and step down from the Board of Directors at the
company's 2014 Annual General Meeting (AGM). John Thornton, currently
Co-Chairman, will become Chairman following the 2014 AGM.  
In addition, Howard Beck and Brian Mulroney will not stand for re-election as
Directors at the 2014 AGM. The Board has nominated four new Independent
Directors to stand for election at the company's upcoming AGM: Ned
Goodman, Nancy Lockhart, David Naylor and Ernie Thrasher.  
Barrick also announced it will implement a new executive compensation plan in
2014 that is fully aligned with the principle of pay-for-performance, and
further links compensation with the long-term interests of shareholders. The
company has consulted extensively with shareholders in the development of this
plan and continues to do so. Details will be announced in the management proxy
circular prior to the AGM. 
OPERATING RESULTS DISCUSSION 
Cortez 
The Cortez mine produced 0.24 million ounces at AISC of $498 per ounce in the
fourth quarter. Even with lower production anticipated in 2014, Cortez remains
one of the largest and most attractive gold assets in the world, and a
cornerstone operation for Barrick. As anticipated in the mine plan, production
this year is expected to be 0.925-0.975 million ounces, primarily due to a
decrease in ore grades. AISC are expected to increase to $750-$780 per ounce in
2014 as a result of lower production and higher sustaining capital related to
waste stripping for the Cortez Hills open pit.  
Goldstrike 
In the fourth quarter, Goldstrike produced 0.24 million ounces at AISC of $770
per ounce. The autoclave facility is undergoing modifications that will enable
Goldstrike to bring forward about 4.0 million ounces of production. The total
construction cost for this project is $585 million. Expansion capital
expenditures related to the project are expected to be $245 million in 2014.
First production from the modified autoclaves is anticipated in the fourth
quarter of 2014. The modified autoclaves are expected to contribute about
0.350-0.450 million ounces of annual production in their first full five years
of operation. Goldstrike is expected to produce 0.865-0.915 million ounces in
2014 at AISC of $920-$950 per ounce. Production is anticipated to increase to
above 1.0 million ounces in 2015 with a full year of operations from the
modified autoclaves(9). 
Pueblo Viejo  
Barrick's 60 percent share of production from Pueblo Viejo in the fourth
quarter was 0.16 million ounces at AISC of $720 per ounce. The mine is expected
to reach full capacity in the first half of 2014 following completion of
modifications to the lime circuit. Barrick's share of production in 2014
is expected to be 0.600-0.700 million ounces at AISC of $510-$610 per ounce.
The lower anticipated AISC are based on higher production, higher by-product
credits and lower power costs following the commissioning of the 215 megawatt
power plant in the third quarter of 2013. 
Lagunas Norte  
Lagunas Norte produced 0.20 million ounces at AISC of $613 per ounce in the
fourth quarter. In 2014, the mine is expected to produce 0.570-0.610 million
ounces, processing more ore tons at lower grades compared to 2013. The increase
in ore tons is mainly due to higher fleet availability following the transfer
of equipment from the Pierina mine. Anticipated AISC of $640-$680 per ounce in
2014 primarily reflect higher fuel and labor costs related to the increase in
tonnage, and an increase in power costs due to a full year of operations at the
carbon-in-column plant. 
Veladero 
Veladero produced 0.14 million ounces at AISC of $969 per ounce in the fourth
quarter. Veladero is anticipated to produce 0.650-0.700 million ounces in 2014,
reflecting increased recovery of leached ounces and higher grades from the
Argenta and Filo Federico pits(10). Higher expected AISC of $940-$990 per ounce
in 2014 are primarily impacted by lower silver by-product credits, local
inflation and the foreign exchange rate of the Argentine peso. 
North America - Other 
Barrick's other North American mines consist of Bald Mountain, Round
Mountain, Turquoise Ridge, Golden Sunlight, Ruby Hill and Hemlo. This segment
produced 0.23 million ounces in the fourth quarter at AISC of $1,195 per ounce
and is anticipated to produce 0.795-0.845 million ounces in 2014 at AISC of
$1,075-$1,100 per ounce. 
Australia Pacific  
Australia Pacific produced 0.36 million ounces at AISC of $966 per ounce in the
fourth quarter. Porgera contributed 0.13 million ounces at AISC of $1,350 per
ounce. Due to the sale of four mines and the announced divestiture of Kanowna,
2014 production is expected to decline to 1.000-1.080 million ounces in 2014.
AISC in 2014 are expected to increase to $1,050-$1,100 per ounce, primarily due
to expensing of waste removal costs at Porgera, and higher open pit mining
costs at Cowal and Kalgoorlie.  
African Barrick Gold (ABG) 
Fourth quarter attributable production from ABG was 0.12 million ounces at AISC
of $1,171 per ounce. Full year attributable production for 2014 is expected to
be 0.480-0.510 million ounces at AISC of $1,100-$1,175 per ounce. Production in
2014 is anticipated to be higher than 2013 due to higher grades at Bulyanhulu
and Buzwagi, as well as the commissioning of the new carbon-in-leach plant at
Bulyanhulu, which is scheduled to commence production in May. The improved cost
outlook reflects the impact of ABG's operational review, lower sustaining
capital costs and reduced corporate overhead costs. 
Global Copper 
Copper production in the fourth quarter was 139 million pounds at C1 cash costs
of $1.81 per pound and C3 fully allocated costs of $2.33 per pound. Lumwana
contributed 67 million pounds at C1 cash costs of $2.04 per pound. Production
at Lumwana in 2014 is expected to be similar to 2013 at slightly lower C1 cash
costs. The mine is pursuing a number of initiatives to further improve on cost
reductions achieved to date. 
The Zaldivar mine produced 72 million pounds in the fourth quarter at C1 cash
costs of $1.62 per pound. Production at Zaldivar is anticipated to decrease in
2014 with fewer ore tons mined and processed in line with the mine plan.
Production will also be impacted by lower recoveries as the mine processes a
higher percentage of secondary sulfide material. C1 cash costs are expected to
increase as a result of the impact of lower production on unit costs. 
/T/ 
(1)  All-in sustaining costs per ounce, adjusted net earnings and adjusted   
net earnings per share are non-GAAP financial performance measures. See 
pages 63-72 of Barrick's Fourth Quarter 2013 Report.                   
(2)  $5.1 billion in after-tax impairment charges for Pascua-Lama were       
recorded in the second quarter of 2013, mainly driven by declining      
metal prices.                                                          
(3)  Adjusted operating cash flow is a non-GAAP financial performance        
measure.  See pages 63-72 of Barrick's Fourth Quarter 2013 report.     
(4)  Calculated in accordance with National Instrument 43-101 as required by 
Canadian securities regulatory authorities. For a breakdown, see pages  
155-160 of Barrick's Fourth Quarter 2013 Report.                       
(5)  Operating unit guidance ranges reflect expectations at each individual  
operating unit, but do not add up to corporate-wide guidance range      
total.                                                                 
(6)  C1 cash costs per pound and C3 fully allocated costs per pound are non-     GAAP financial performance measures. See pages 63-72 of Barrick's       
Fourth Quarter 2013 Report.                                            
(7)  15% expected to be capitalized. Barrick's exploration programs are      
designed and conducted under the supervision of Robert Krcmarov, Senior 
Vice President, Global Exploration of Barrick.                         
(8)  About 25% is expected to be capitalized. Actual expenditures will be    
dependent on a number of factors, including environmental and           
regulatory requirements.                                               
(9)  Actual results will vary depending on how the ramp-up progresses.      
(10) Guidance for Veladero in 2014 assumes the receipt of necessary permit   
amendments. See page 26 of the MD&A.                                    
Key Statistics                                                              
Barrick Gold Corporation                                                    
(in United States           Three months ended          Twelve months ended 
 dollars)                         December 31,                 December 31,  
------------------------------------------------------- 
2012                         2012 
(Unaudited)               2013   (restated)(8)         2013   (restated)(8) 
----------------------------------------------------------------------------
Operating Results                                                           
Gold production                                                             
 (thousands of                                                              
 ounces)(1)              1,713           2,019        7,166           7,421 
Gold sold (thousands                                                        
 of ounces)(1)           1,829           2,027        7,174           7,292 
Per ounce data                                                              
  Average spot gold                                                          
price             $   1,276  $        1,722  $     1,411  $        1,669 
  Average realized                                                           
gold price(2)         1,272           1,714        1,407           1,669 
  Adjusted operating                                                         
costs(2)                573             547          566             563 
  All-in sustaining                                                          
costs(2)                899           1,048          915           1,014 
  All-in costs(2)        1,317           1,433        1,282           1,404 
  Adjusted operating                                                         
costs (on a co-                                                           
product basis)(2)       592             564          589             580 
  All-in sustaining                                                          
costs (on a co-                                                           
product basis)(2)       918           1,065          938           1,031 
  All-in costs (on a                                                         
co-product                                                                
basis)(2)             1,336           1,450        1,305           1,421 
Copper production                                                           
 (millions of pounds)      139             130          539             468 
Copper sold (millions                                                       
 of pounds)                134             154          519             472 
Per pound data                                                              
  Average spot copper                                                        
price             $    3.24  $         3.59  $      3.32  $         3.61 
  Average realized                                                           
copper price(2)        3.34            3.54         3.39            3.57 
  C1 cash costs(2)        1.81            1.93         1.92            2.05 
  Depreciation(3)         0.37            0.48         0.35            0.54 
  Other(4)                0.15            0.52         0.15            0.26 
  C3 fully allocated                                                         
costs(2)               2.33            2.93         2.42            2.85 
----------------------------------------------------------------------------
Financial Results                                                           
 (millions)                                                                 
Revenues             $   2,926  $        4,149  $    12,511  $       14,394 
Net loss(5)             (2,830)         (3,013)     (10,366)           (538)
Adjusted net                                                                
 earnings(2)               406           1,157        2,569           3,954 
Operating cash flow      1,016           1,845        4,239           5,983 
Adjusted operating                                                          
 cash flow(2)            1,085           1,925        4,359           5,700 
Per Share Data                                                              
 (dollars)                                                                  
  Net loss (basic)       (2.61)          (3.01)      (10.14)          (0.54)
  Adjusted net                                                               
earnings                                                                  
(basic)(2)             0.37            1.16         2.51            3.95 
  Net loss (diluted)     (2.61)          (3.01)      (10.14)          (0.54)
Weighted average                                                            
 basic common shares                                                        
 (millions)(6)           1,085           1,001        1,022           1,001 
Weighted average                                                            
 diluted common                                                             
 shares                                                                     
 (millions)(6,7)         1,085           1,001        1,022           1,001 
---------------------------------------------------------------------------- 
As at           As at  
December 31,    December 31,  
----------------------------- 
2012  
2013   (restated)(8) 
----------------------------------------------------------------------------
Financial Position                                                          
 (millions)                                                                 
Cash and equivalents                            $     2,404  $        2,097 
Non-cash working                                                            
 capital                                              3,060           2,884 
----------------------------------------------------------------------------
(1) Production includes our equity share of gold production at Highland Gold 
up to April 26, 2012, the effective date of our sale of Highland Gold.   
Production also includes African Barrick Gold ("ABG") on a 73.9% basis   
and Pueblo Viejo on a 60% basis, both of which reflect our equity share  
of production. Also includes production from Yilgarn South up to         
September 30, 2013, the effective date of sale of Yilgarn South assets.  
Sales includes our equity share of gold sales from ABG and Pueblo Viejo.
(2) Realized price, adjusted operating costs, all-in sustaining costs, all-  
in costs, adjusted operating costs (on a co-product basis), all-in       
sustaining costs (on a co-product basis), all-in costs (on a co-product  
basis), C1 cash costs, C3 fully allocated costs, adjusted net earnings   
and adjusted operating cash flow are non-gaap financial performance      
measures with no standard definition under IFRS. Refer to the Non-Gaap   
Financial Performance Measures section of the Company's MD&A.           
(3) Represents equity depreciation expense divided by equity ounces of gold  
sold or pounds of copper sold.                                          
(4) For a breakdown, see reconciliation of cost of sales to C1 cash costs    
and C3 fully allocated costs per pound in the Non-Gaap Financial         
Performance Measures section of the Company's MD&A.                     
(5) Net loss represents net loss attributable to the equity holders of the   
Company.                                                                
(6) Reflects 163.5 million shares issued on November 14, 2013.              
(7) Fully diluted includes dilutive effect of stock options.                
(8) Balances related to 2012 have been restated to reflect the impact of the 
adoption of new accounting pronouncements. See note 2y of the            
consolidated financial statements.                                       
/T/ 
Production and Cost Summary 
/T/ 
Gold Production (attributable ounces) (000's)  
---------------------------------------------  
Three months ended    Twelve months ended  
December 31,           December 31,  
---------------------- ---------------------- 
(Unaudited)                2013          2012     2013          2012 
--------------------------------------------- ---------------------- 
Gold                                                                 
  Goldstrike                242           330      892         1,174 
  Cortez                    244           346    1,337         1,370 
  Pueblo Viejo(1)           157            65      488            67 
  Lagunas Norte             195           214      606           754 
  Veladero                  142           222      641           766 
  North America - Other     231           215      858           883 
  Australia Pacific(2)      364           470    1,773         1,822 
  African Barrick                                                     
Gold(3)                  122           134      474           463 
  Other(4)                   16            23       97           122 
---------------------------------------------------------------------
Total                     1,713         2,019    7,166         7,421 
--------------------------------------------------------------------- 
All-in sustaining costs(5) ($/oz)           
----------------------------------------------------- 
Three months ended        Twelve months ended 
December 31,               December 31, 
-------------------------- --------------------------
(Unaudited)                  2013            2012       2013            2012
------------------------------------------------- --------------------------
Gold                                                                        
  Goldstrike            $     770 $           708  $     901 $           802
  Cortez                      498             649        433             608
  Pueblo Viejo(1)             720               -        735               -
  Lagunas Norte               613             557        627             565
  Veladero                    969             811        833             760
  North America - Other     1,195           1,273      1,235           1,181
  Australia Pacific(2)        966           1,217        994           1,128
  African Barrick                                                            
Gold(3)                  1,171           1,675      1,362           1,585
  Other(4)                     57             133         65             112
----------------------------------------------------------------------------
Total                   $     899 $         1,048  $     915 $         1,014
---------------------------------------------------------------------------- 
/T/ 
/T/ 
Copper Production (attributable pounds)  
(millions)  
-------------------------------------------------  
Three months ended      Twelve months ended  
December 31,             December 31,  
------------------------ ------------------------ 
(Unaudited)                  2013          2012       2013          2012 
-------------------------------------------------------------------------
Total                         139           130        539           468 
------------------------------------------------------------------------- 
C1 Cash Costs(5)($/lb)               
----------------------------------------------------- 
Three months ended        Twelve months ended 
December 31,               December 31, 
-------------------------- -------------------------- 
2012                       2012
(Unaudited)                  2013   (restated)(8)       2013   (restated)(8)
----------------------------------------------------------------------------
Total                   $    1.81 $          1.93  $    1.92 $          2.05
---------------------------------------------------------------------------- 
Total Gold Production Costs ($/oz)           
------------------------------------------------------- 
Three months ended         Twelve months ended  
December 31,                December 31,  
--------------------------- --------------------------- 
2012                        2012 
(Unaudited)               2013    (restated)(8)       2013    (restated)(8) 
------------------------------------------------ ---------------------------
  Direct mining costs                                                        
before impact of                                                          
hedges at market                                                          
foreign exchange                                                          
rates              $    597  $           586   $    604  $           599 
  Gains realized on                                                          
currency hedge and                                                        
commodity                                                                 
hedge/economic                                                            
hedge contracts         (34)             (58)       (41)             (51)
  Other(6)                   -              (12)        (8)             (12)
  By-product credits       (19)             (17)       (23)             (17)
  Royalties                 29               48         34               44 
----------------------------------------------------------------------------
Adjusted operating                                                          
 costs(5)                  573              547        566              563 
  Depreciation             146              207        190              192 
  Other(6)                   -               12          8               12 
----------------------------------------------------------------------------
Total production                                                            
 costs                $    719  $           766   $    764  $           767 
----------------------------------------------------------------------------
Adjusted operating                                                          
 costs(5)             $    573  $           547   $    566  $           563 
  General &                                                                  
administrative                                                            
costs                    34               61         42               60 
  Rehabilitation -                                                           
accretion and                                                             
amortization             17               17         19               18 
  Mine on-site                                                               
exploration and                                                           
evaluation costs          9               17          8               16 
  Mine development                                                           
expenditures            129              174        154              168 
  Sustaining capital                                                         
expenditures            137              232        126              189 
----------------------------------------------------------------------------
All-in sustaining                                                           
 costs(5)             $    899  $         1,048   $    915  $         1,014 
----------------------------------------------------------------------------
All-in costs(5)       $  1,317  $         1,433   $  1,282  $         1,404 
---------------------------------------------------------------------------- 
Total Copper Production Costs ($/lb)          
------------------------------------------------------- 
Three months ended         Twelve months ended  
December 31,                December 31,  
--------------------------- --------------------------- 
2012                        2012 
(Unaudited)               2013    (restated)(8)       2013    (restated)(8) 
------------------------------------------------ ---------------------------
C1 cash costs(5)      $   1.81  $          1.93   $   1.92  $          2.05 
Depreciation              0.37             0.48       0.35             0.54 
Other(7)                  0.15             0.52       0.15             0.26 
----------------------------------------------------------------------------
C3 fully allocated                                                          
 costs(5)             $   2.33  $          2.93   $   2.42  $          2.85 
----------------------------------------------------------------------------
(1) All-in sustaining costs for 2012 for Pueblo Viejo is nil as commercial   
production was not achieved until January 2013.                         
(2) Reflects Yilgarn South up to September 30, 2013, the effective date of   
sale of Yilgarn South assets.                                           
(3) Figures relating to African Barrick Gold are presented on a 73.9% basis, 
which reflects our equity share of production.                          
(4) Production figures include Pierina and our equity share of gold          
production at Highland Gold up to April 26, 2012, the effective date of  
our sale of Highland Gold. All-in sustaining costs include Pierina and   
other general and administrative costs divided by equity ounces of gold  
sold.                                                                   
(5) Adjusted operating costs, all-in sustaining costs, all-in costs, C1 cash 
costs and C3 fully allocated costs are non-gaap financial performance    
measures with no standard meaning under IFRS. Refer to the Non-Gaap      
Financial Performance Measures section of the Company's MD&A.           
(6) Represents the Barrick Energy gross margin divided by equity ounces of   
gold sold.                                                              
(7) For a breakdown, see reconciliation of cost of sales to C1 cash costs    
and C3 fully allocated costs per pound in the Non-Gaap Financial         
Performance Measures section of the Company's MD&A.                     
(8) Balances related to 2012 have been restated to reflect the impact of the 
adoption of new accounting pronouncements. See note 2y of the            
consolidated financial statements.                                       
/T/ 
Consolidated Statements of Income 
/T/ 
Barrick Gold Corporation                                                     
For the years ended December 31 (in millions            2013           2012 
 of United States dollars, except per share                     (restated - 
 data)                                                             note 2y) 
----------------------------------------------------------------------------
Revenue (notes 5 and 6)                        $      12,511  $      14,394 
----------------------------------------------------------------------------
Costs and expenses                                                          
Cost of sales (notes 5 and 7)                          7,243          7,257 
General and administrative expenses (note 10)            390            503 
Exploration and evaluation (notes 5 and 8)               208            359 
Other expense (income) (note 9a)                         878            303 
Impairment charges (note 9b)                          12,687          6,294 
Loss from equity investees (note 15a)                      -             12 
Gain on non-hedge derivatives (note 24e)                 (76)           (31)
----------------------------------------------------------------------------
Loss before finance items and income taxes            (8,819)          (303)
Finance items                                                               
Finance income                                             9             11 
Finance costs (note 13)                                 (657)          (174)
----------------------------------------------------------------------------
Loss before income taxes                              (9,467)          (466)
Income tax (expense) recovery (note 11)                 (630)           102 
----------------------------------------------------------------------------
Loss from continuing operations                      (10,097)          (364)
Loss from discontinued operations (note 4b)             (506)          (185)
----------------------------------------------------------------------------
Net loss                                       $     (10,603) $        (549)
----------------------------------------------------------------------------
Attributable to:                                                            
Equity holders of Barrick Gold Corporation     $    (10,366)  $        (538)
Non-controlling interests (note 31)            $       (237)  $         (11)
---------------------------------------------------------------------------- 
Earnings per share data attributable to the                                 
 equity holders of Barrick Gold Corporation                                 
 (note 12)                                                                  
Loss from continuing operations                                             
  Basic                                        $       (9.65) $       (0.35)
  Diluted                                      $       (9.65) $       (0.35)
----------------------------------------------------------------------------
Loss from discontinued operations                                           
  Basic                                        $       (0.49) $       (0.19)
  Diluted                                      $       (0.49) $       (0.19)
----------------------------------------------------------------------------
Net loss                                                                    
  Basic                                        $      (10.14) $       (0.54)
  Diluted                                      $      (10.14) $       (0.54)
---------------------------------------------------------------------------- 
/T/ 
The notes to these unaudited consolidated financial statements, which are
contained in the Fourth quarter and Year-end report, available on our website,
are an integral part of these consolidated financial statements. 
Consolidated Statements of Comprehensive Income 
/T/ 
Barrick Gold Corporation                                                     
2013           2012 
For the years ended December 31 (in millions                    (restated - 
 of United States dollars)                                         note 2y) 
----------------------------------------------------------------------------
Net loss                                       $     (10,603) $        (549)
Other comprehensive income (loss), net of                                   
 taxes                                                                      
Items that may be reclassified subsequently to                              
 profit or loss:                                                            
  Unrealized gains (losses) on available-for-                                
sale ("AFS") financial securities, net of                                 
tax $6, $6                                            (68)           (37)
  Realized (gains) losses and impairments on                                 
AFS financial securities, net of tax ($3),                                
($6)                                                   17             34 
  Unrealized gains (losses) on derivative                                    
investments designated as cash flow hedges,                               
net of tax ($7), ($20)                                (63)           167 
  Realized (gains) losses on derivative                                      
investments designated as cash flow hedges,                               
net of tax $73, $96                                  (325)          (331)
  Currency translation adjustments gain                                      
(loss), net of tax $nil, $nil                         (93)            35 
Items that will not be reclassified to profit                               
 or loss:                                                                   
  Remeasurement gains (losses) of post-                                      
employment benefit obligations, net of tax                                
($13), $3                                              24             (5)
----------------------------------------------------------------------------
Total other comprehensive loss                          (508)          (137)
----------------------------------------------------------------------------
Total comprehensive loss                       $     (11,111) $        (686)
----------------------------------------------------------------------------
Attributable to:                                                            
Equity holders of Barrick Gold Corporation                                  
  Continuing operations                        $     (10,337) $        (525)
  Discontinued operations                      $        (537) $        (149)
Non-controlling interests                      $        (237) $         (12)
---------------------------------------------------------------------------- 
/T/ 
The notes to these unaudited consolidated financial statements, which are
contained in the Fourth quarter and Year-end report, available on our website,
are an integral part of these consolidated financial statements. 
Consolidated Statements of Cash Flow 
/T/ 
Barrick Gold Corporation                                                     
2013           2012 
For the years ended December 31 (in millions                    (restated - 
 of United States dollars)                                         note 2y) 
----------------------------------------------------------------------------
OPERATING ACTIVITIES                                                        
Net loss                                       $     (10,097) $        (364)
Adjustments for the following items:                                        
  Depreciation                                         1,732          1,651 
  Finance costs (excludes accretion)                     589            121 
  Impairment charges (note 9b)                        12,687          6,294 
  Income tax expense (recovery) (note 11)                630           (102)
  Increase in inventory                                 (352)          (360)
  Proceeds from settlement of hedge contracts            219            450 
  Gain on non-hedge derivatives (note 24e)               (76)           (31)
  Gain on sale of long-lived                                                 
assets/investments                                    (41)           (18)
  Other operating activities (note 14a)                  669           (283)
----------------------------------------------------------------------------
Operating cash flows before interest and                                    
 income taxes                                          5,960          7,358 
Interest paid                                           (662)          (118)
Income taxes paid                                     (1,109)        (1,459)
----------------------------------------------------------------------------
Net cash provided by operating activities from                              
 continuing operations                                 4,189          5,781 
----------------------------------------------------------------------------
Net cash provided by operating activities from                              
 discontinued operations                                  50            202 
----------------------------------------------------------------------------
Net cash provided by operating activities              4,239          5,983 
----------------------------------------------------------------------------
INVESTING ACTIVITIES                                                        
Property, plant and equipment                                               
  Capital expenditures (note 5)                       (5,501)        (6,773)
  Sales proceeds                                          50             18 
Acquisitions                                               -            (37)
Divestitures (note 4)                                    522              - 
Investment sales                                          18            168 
Other investing activities (note 14b)                   (262)          (311)
----------------------------------------------------------------------------
Net cash used in investing activities from                                  
 continuing operations                                (5,173)        (6,935)
----------------------------------------------------------------------------
Net cash used in investing activities from                                  
 discontinued operations                                 (64)          (130)
----------------------------------------------------------------------------
Net cash used in investing activities                 (5,237)        (7,065)
----------------------------------------------------------------------------
FINANCING ACTIVITIES                                                        
Capital stock                                                               
  Proceeds on exercise of stock options                    1             18 
  Proceeds on common share offering (note 30)          2,910              - 
Debt (note 24b)                                                             
  Proceeds                                             5,414          2,000 
  Repayments                                          (6,412)        (1,393)
Dividends (note 30)                                     (508)          (750)
Funding from non-controlling interests (note                                
 31)                                                      55            505 
Deposit on silver sale agreement (note 28)                 -            137 
Other financing activities (note 14c)                   (118)           (25)
----------------------------------------------------------------------------
Net cash provided by financing activities from                              
 continuing operations                                 1,342            492 
----------------------------------------------------------------------------
Net cash used in financing activities from                                  
 discontinued operations                                   -            (69)
----------------------------------------------------------------------------
Net cash provided by financing activities              1,342            423 
----------------------------------------------------------------------------
Effect of exchange rate changes on cash and                                 
 equivalents                                             (17)             7 
----------------------------------------------------------------------------
Net increase (decrease) in cash and                                         
 equivalents                                             327           (652)
Cash and equivalents at beginning of year                                   
 (note 24a)                                            2,097          2,749 
----------------------------------------------------------------------------
Cash and equivalents at the end of year (note                               
 24a)                                          $       2,424  $       2,097 
----------------------------------------------------------------------------
Less cash and equivalents of assets classified                              
 as held for sale at the end of year                      20              - 
----------------------------------------------------------------------------
Cash and equivalents excluding assets                                       
 classified as held for sale at the end of                                  
 year                                          $       2,404  $       2,097 
---------------------------------------------------------------------------- 
/T/ 
The notes to these unaudited consolidated financial statements, which are
contained in the Fourth quarter and Year-end report, available on our website,
are an integral part of these consolidated financial statements. 
Consolidated Balance Sheets 
/T/ 
Barrick Gold Corporation                                                     
As at           As at 
December 31,      January 1, 
As at             2012            2012
(in millions of United         December 31,      (restated -     (restated -
 States dollars)                       2013         note 2y)        note 2y)
----------------------------------------------------------------------------
ASSETS                                                                      
Current assets                                                              
  Cash and equivalents                                                       
(note 24a)               $         2,404  $         2,097 $         2,749
  Accounts receivable (note                                                  
17)                                  385              449             426
  Inventories (note 16)               2,679            2,585           2,498
  Other current assets                                                       
(note 17)                            421              626             876
----------------------------------------------------------------------------
Total current assets                                                        
 (excluding assets                                                          
 classified as held for                                                     
 sale)                                5,889            5,757           6,549
  Assets classified as held                                                  
for sale                             323                -               -
----------------------------------------------------------------------------
Total current assets                  6,212            5,757           6,549 
Non-current assets                                                          
  Equity in investees (note                                                  
15a)                                  27               20             341
  Other investments (note                                                    
15b)                                 120               78             161
  Property, plant and                                                        
equipment (note 18)               21,688           29,277          29,076
  Goodwill (note 19a)                 5,835            8,837           9,626
  Intangible assets (note                                                    
19b)                                 320              453             569
  Deferred income tax                                                        
assets (note 29)                     501              437             409
  Non-current portion of                                                     
inventory (note 16)                1,679            1,555           1,153
  Other assets (note 21)              1,066            1,064           1,002
----------------------------------------------------------------------------
Total assets                $        37,448  $        47,478 $        48,886
----------------------------------------------------------------------------
LIABILITIES AND EQUITY                                                      
Current liabilities                                                         
  Accounts payable (note                                                     
22)                                2,165            2,267           2,085
  Debt (note 24b)                       179            1,848             196
  Current income tax                                                         
liabilities                           75               41             306
  Other current liabilities                                                  
(note 23)                            303              261             326
----------------------------------------------------------------------------
Total current liabilities                                                   
 (excluding liabilities                                                     
 classified as held for                                                     
 sale)                                2,722            4,417           2,913
  Liabilities classified as                                                  
held for sale                        162                -               -
----------------------------------------------------------------------------
Total current liabilities             2,884            4,417           2,913 
Non-current liabilities                                                     
  Debt (note 24b)                    12,901           12,095          13,173
  Provisions (note 26)                2,428            2,812           2,326
  Deferred income tax                                                        
liabilities (note 29)              2,258            2,668           4,231
  Other liabilities (note                                                    
28)                                  976              850             689
----------------------------------------------------------------------------
Total liabilities                    21,447           22,842          23,332
----------------------------------------------------------------------------
Equity                                                                      
Capital stock (note 30)              20,869           17,926          17,892
Retained earnings (deficit)          (7,581)           3,269           4,562
Accumulated other                                                           
 comprehensive income                   (69)             463             595
Other                                   314              314             314
----------------------------------------------------------------------------
Total equity attributable                                                   
 to Barrick Gold                                                            
 Corporation shareholders            13,533           21,972          23,363
  Non-controlling interests                                                  
(note 31)                          2,468            2,664           2,191
----------------------------------------------------------------------------
Total equity                         16,001           24,636          25,554
----------------------------------------------------------------------------
Contingencies and                                                           
 commitments (notes 16, 18                                                  
 and 35)                                                                    
----------------------------------------------------------------------------
Total liabilities and                                                       
 equity                     $        37,448  $        47,478 $        48,886
---------------------------------------------------------------------------- 
/T/ 
The notes to these unaudited consolidated financial statements, which are
contained in the Fourth quarter and Year-end report, available on our website,
are an integral part of these consolidated financial statements. 
Consolidated Statements of Changes in Equity 
/T/ 
------------------------------------------
Barrick Gold                         Attributable to equity holders of the  
 Corporation                                        company                 
---------------------------------------------------------------------------- 
Accumulated  
other 
(in millions of             Common                            comprehensive 
 United States          Shares (in    Capital      Retained          income 
 dollars)               thousands)      stock      earnings       (loss)(1) 
----------------------------------------------------------------------------
At January 1, 2013                                                          
 (restated - note 2y)    1,001,108 $   17,926 $       3,269  $          463 
----------------------------------------------------------------------------
  Net loss                       -          -       (10,366)              - 
  Total other                                                                
comprehensive                                                             
income (loss)                 -          -            24            (532)
----------------------------------------------------------------------------
  Total comprehensive                                                        
loss                          - $        - $     (10,342) $         (532)
----------------------------------------------------------------------------
  Transactions with                                                          
owners                                                                    
Dividends                    -          -          (508)              -  
Issued on public                                                         
equity offering       163,500      2,934             -               -  
Issued on                                                                
exercise of                                                             
stock options              44          1             -               -  
Recognition of                                                           
stock option                                                            
expense                     -          8             -               -  
Funding from non-                                                        
controlling                                                             
interests                   -          -             -               -  
Other decrease in                                                        
non-controlling                                                         
interests                   -          -             -               - 
----------------------------------------------------------------------------
  Total transactions                                                         
with owners             163,544 $    2,943 $        (508) $            - 
----------------------------------------------------------------------------
At December 31, 2013     1,164,652 $   20,869 $      (7,581) $          (69)
---------------------------------------------------------------------------- 
At January 1, 2012                                                          
 (restated - note 2y)    1,000,423 $   17,892 $       4,562  $          595 
----------------------------------------------------------------------------
  Net loss                       -          -          (538)              - 
  Total other                                                                
comprehensive loss            -          -            (5)           (132)
----------------------------------------------------------------------------
  Total comprehensive                                                        
loss                          - $        - $        (543) $         (132)
----------------------------------------------------------------------------
  Transactions with                                                          
owners                                                                    
Dividends                    -          -          (750)              -  
Issued on                                                                
exercise of                                                             
stock options             685         18             -               -  
Recognition of                                                           
stock option                                                            
expense                     -         16             -               -  
Funding from non-                                                        
controlling                                                             
interests                   -          -             -               -  
Other decrease in                                                        
non-controlling                                                         
interests                   -          -             -               - 
----------------------------------------------------------------------------
  Total transactions                                                         
with owners                 685 $       34 $        (750) $            - 
----------------------------------------------------------------------------
At December 31, 2012                                                        
 (restated - note 2y)    1,001,108 $   17,926 $       3,269  $          463 
---------------------------------------------------------------------------- 
----------------------------                           
Barrick Gold            Attributable to equity                              
 Corporation            holders of the company                              
----------------------------------------------------------------------------
(in millions of                      Total equity          Non-             
 United States                    attributable to   controlling       Total 
 dollars)              Other(2)      shareholders     interests      equity 
----------------------------------------------------------------------------
At January 1, 2013                                                          
 (restated - note 2y) $     314 $          21,972  $      2,664  $   24,636 
----------------------------------------------------------------------------
  Net loss                    -           (10,366)         (237)    (10,603)
  Total other                                                                
comprehensive                                                             
income (loss)              -              (508)            -       (508) 
----------------------------------------------------------------------------
  Total comprehensive                                                        
loss               $       - $         (10,874) $       (237) $  (11,111)
----------------------------------------------------------------------------
  Transactions with                                                          
owners                                                                    
Dividends                 -              (508)            -        (508) 
Issued on public                                                         
equity offering          -             2,934             -       2,934  
Issued on                                                                
exercise of                                                             
stock options            -                 1             -           1  
Recognition of                                                           
stock option                                                            
expense                  -                 8             -           8  
Funding from non-                                                        
controlling                                                             
interests                -                 -            55          55  
Other decrease in                                                        
non-controlling                                                         
interests                -                 -           (14)        (14)
----------------------------------------------------------------------------
  Total transactions                                                         
with owners        $       - $           2,435  $         41  $    2,476 
----------------------------------------------------------------------------
At December 31, 2013  $     314 $          13,533  $      2,468  $   16,001 
---------------------------------------------------------------------------- 
At January 1, 2012                                                          
 (restated - note 2y) $     314 $          23,363  $      2,191  $   25,554 
----------------------------------------------------------------------------
  Net loss                    -              (538)          (11)       (549)
  Total other                                                                
comprehensive loss         -              (137)            -        (137)
----------------------------------------------------------------------------
  Total comprehensive                                                        
loss               $       - $            (675) $        (11) $     (686)
----------------------------------------------------------------------------
  Transactions with                                                          
owners                                                                    
Dividends                 -              (750)            -        (750) 
Issued on                                                                
exercise of                                                             
stock options            -                18             -          18  
Recognition of                                                           
stock option                                                            
expense                  -                16             -          16  
Funding from non-                                                        
controlling                                                             
interests                -                 -           505         505  
Other decrease in                                                        
non-controlling                                                         
interests                -                 -           (21)        (21)
----------------------------------------------------------------------------
  Total transactions                                                         
with owners        $       - $            (716) $        484  $     (232)
----------------------------------------------------------------------------
At December 31, 2012                                                        
 (restated - note 2y) $     314 $          21,972  $      2,664  $   24,636 
---------------------------------------------------------------------------- 
/T/ 
/T/ 
(1) Includes cumulative translation adjustments as at December 31, 2013: $80 
million loss (2012: $13 million).                                       
(2) Includes additional paid-in capital as at December 31, 2013: $276        
million (December 31, 2012: $276 million) and convertible borrowings -   
equity component as at December 31, 2013: $38 million (December 31,      
2012: $38 million).                                                      
/T/ 
The notes to these unaudited consolidated financial statements, which are
contained in the Fourth quarter and Year-end report, available on our website,
are an integral part of these consolidated financial statements. 
/T/ 
CORPORATE OFFICE                             TRANSFER AGENTS AND REGISTRARS 
Barrick Gold Corporation                     CST Trust Company              
Brookfield Place, TD Canada Trust Tower      P.O. Box 700, Postal Station B  
Montreal, Quebec, Canada H3B   
Suite 3700                                   3K3                            
161 Bay Street, P.O. Box 212                 or                              
American Stock Transfer & Trust
Toronto, Canada M5J 2S1                      Company, LLC                   
Tel: (416) 861-9911  Fax: (416) 861-0727     6201 - 15 Avenue               
Toll-free throughout North America: 1-800-                                  
720-7415                                     Brooklyn, NY 11219             
Email: investor@barrick.com                  Tel: 1-800-387-0825             
Toll-free throughout North     
Website: www.barrick.com                     America                         
Fax: 1-888-249-6189            
SHARES LISTED                                Email: inquiries@canstockta.com
ABX - The New York Stock Exchange            Website: www.canstockta.com     
The Toronto Stock Exchange                                             
/T/ 
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION 
Certain information contained or incorporated by reference in this Fourth
Quarter and Year-End Report 2013, 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
"believe", "expect", "anticipate",
"contemplate", "target", "plan",
"intend", "continue", "budget",
"estimate", "may", "will", "schedule"
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 and copper or certain other commodities (such as silver,
diesel fuel and electricity); changes in national and local government
legislation, taxation, controls, regulations, 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; 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; fluctuations in the currency markets; operating or technical
difficulties in connection with mining or development activities; the
speculative nature of mineral exploration and development, including the risks
of obtaining necessary licenses and permits; contests over title to properties,
particularly title to undeveloped properties; risk of loss due to acts of war,
terrorism, sabotage and civil disturbances; changes in U.S. dollar interest
rates; risks arising from holding derivative instruments; litigation; 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 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/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 Fourth Quarter and Year-End
Report 2013 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. 
-30-
FOR FURTHER INFORMATION PLEASE CONTACT: 
INVESTOR CONTACT: Amy Schwalm
Vice President, Investor Relations
(416) 307-7422
aschwalm@barrick.com
or
MEDIA CONTACT: Andy Lloyd
Vice President, Communications
(416) 307-7414
alloyd@barrick.com 
INDUSTRY:  Manufacturing and Production - Mining and Metals 
SUBJECT:  ERN 
-0-
-0- Feb/13/2014 11:30 GMT
 
 
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