Barrick Gold acquires Interest in Diamondex

20 May '05

3 min read

Barrick is building a new generation of mines around the globe and has the lowest total cash costs among the major gold producers. Its vision is to be the world's best gold company by finding, developing and producing quality reserves in a profitable and socially responsible manner. Barrick shares are traded on the Toronto, New York, London and Swiss stock exchanges and the Paris Bourse.

Barrick is one of the world's largest gold mining companies, with operating and development properties in the U.S., Canada, Australia, Peru, Chile, Argentina and Tanzania. Our vision is to be the world's best gold mining company by finding, developing and producing quality reserves in a profitable and socially responsible manner.

Barrick is a leading international gold mining company, with a portfolio of operating mines and development projects located in the United States, Canada, Australia, Peru, Chile, Argentina and Tanzania. In 2004, the Company's 12 operating mines produced about 5 million ounces of gold, at a cash cost of $212 per ounce, the lowest cash cost of all senior producers.

The Company increased its reserves by over 3 million ounces during 2004, with gold mineral reserves of 89 million ounces as at December 31. For 2005, the Company expects gold production to be 5.4 to 5.5 million ounces at an average total cash cost of $220 to $230 per ounce.TheThe Company increased its reserves by over 3 million ounces during 2004, with gold mineral reserves of 89 million ounces as at December 31. For 2005, the Company expects gold production to be 5.4 to 5.5 million ounces at an average total cash cost of $220 to $230 per ounce.

Barrick Gold Corporation

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