Barrick is the gold industry leader, with a portfolio of 26 operating mines and advanced exploration and development projects located across five continents, and large land positions on some of the world’s most prolific and prospective mineral trends. The Company also has the largest reserves in the gold industry, with about 140 million ounces of proven and probable gold reserves1. In addition, Barrick has 12.7 billion pounds of copper reserves and 1.07 billion ounces of silver contained within gold reserves1 as of December 31, 2011.

In 2011, the Company produced 7.7 million ounces of gold at total cash costs of $460 per ounce2 or net cash costs of $339 per ounce2 and produced 451 million pounds of copper at total cash costs of $1.75 per pound2. For 2012, Barrick expects gold production of 7.3-7.8 million ounces at total and net cash costs of $520-$560 per ounce2 or $400-$450 per ounce2, respectively. The Company also expects 2012 copper production of 550-600 million pounds at total cash costs of $1.90-$2.20 per pound2.