Reserves Grow Net of Depletion as Barrick’s Focus on Quality Orebodies Delivers Results
PRESS RELEASE
NYSE : GOLD TSX : ABX
All amounts expressed in US dollars
Reserves Grow Net of Depletion as Barrick’s Focus on
Quality Orebodies Delivers Results
Toronto, February 10, 2022 – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) replaced its depletion
of gold mineral reserves by 150%, before acquisition and equity changes at South Arturo and Porgera, and
improved the quality of its group reserve grade by 3% in 2021, the company’s annual reserve and resource
declaration reported today. Reported at $1,200/oz1, attributable proven and probable mineral reserves now
stand at 69 million ounces2 at 1.71g/t, increasing from 68 million ounces3 at 1.66g/t in 2020.
President and chief executive Mark Bristow said in a sector feeling the pinch of dwindling res erves and
resources, successful exploration continued to replenish the company’s asset base and target pipeline,
securing its business plans well into the future.
“While we look closely at all new business opportunities, we believe finding our ounces is always better
than buying them. That’s why we’re still discovering real value at the end of our drill bits,” he said.
The growth was led by the North America and Africa & Middle East r egions, which contributed over
8.4 million ounces2 of attributable proven and probable reserve gains before depletion.
In North America, significant gains were driven by the completion of the updated feasibility study of the
Goldrush underground project, which increase d Goldrush’s attributable proven and probable mineral
reserves by 3.6 million ounces 2 to 4.8 million ounces 2 at 7. 29g/t. At the Turquoise Ridge complex,
attributable proven and probable reserves increased by 1.4 million ounces2 before depletion, principally
off the back of a revised geological model at Turquoise Ridge Underground.
In Africa, Bulyanhulu completed an updated u nderground feasibility study on the Deep West portion of
the orebody, allowing us to increase attributable proven and probable reserves by 0.77 million ounces2
before depletion through the conversion of i nferred mineral resources. Staying in Tanzania, a fully
optimized integrated mine plan at North Mara has increased attributable proven and probable reserves
by 1.1 million ounces2 before depletion. Our two Tier One4 mines in Africa also delivered strong results,
with Kibali able to more than replace depletion of reserves and Loulo-Gounkoto replenishing 98% of
depletion for the year.
Total attributable group gold resources , excluding the impact of disposition and equity changes mainly
related to Lagunas Norte and Porgera, grew net of depletion, resulting in a 126% replacement of
depletion. Mineral resources are reported i nclusive of reserves and at a gold price of $1,500/oz 1.
Attributable measured and indicated gold resources for 2021 stood at 160 million ounces2 at 1.50g/t, with
a further 42 million ounces2 at 1.3g/t of inferred resources.
BARRICK GOLD CORPORATION PRESS RELEASE
The significant increase in attributable mineral resources was led by the Carlin complex in Nevada where
a total of 0.91 million ounces2 of measured and indicated resources and 3.0 million2 ounces of inferred
resources were added year-on-year. This was driven by two maiden inferred resource additions , with
North Leeville delivering 0.43 million ounces2 at 11.5g/t and Ren contributing 0.76 million ounces2 at
7.3g/t on an attributable basis. Both projects represent future growth for the Carlin complex and drilling
continues on both targets, with mineralization open in all directions. The remaining year-on-year growth
in attributable mineral resources at the Carlin complex mainly came from the open-pits at Gold Quarry
and South Arturo as well as the underground at Leeville and Rita K. Staying in Nevada, the Turquoise
Ridge complex also increased year-over-year attributable measured and indicated resources by
1.5 million ounces2 mainly off the back of a revised geological model at Turquoise Ridge Underground.
Copper mineral reserves for 2021 are estimated using a copper price of $2.75 per pound and mineral
resources are estimated at $3.50 per pound, both unchanged from 2020.
Attributable proven and probable copper reserves were 12 billion pounds2 at an average grade of 0.38%
in 2021. Attributable measured and indicated copper resources were 24 billion pounds2 at an average
grade of 0.35%, and inferred copper resources were 2.1 billion pounds2 at an average grade of 0.2% in
2021. Mineral resources are reported inclusive of reserves.
Mineral resource management executive Rodney Quick said, “ The geological improvements and
remodeling are now starting to make a real impact. The incorporation and integration of mine design
optimizations are also driving man y of the mineral resource additions. A sound understanding of the
geological orebody has been integrated with a better understanding of local variations in the geotechnical
and metallurgical disciplines to produce integrated and optimized mine designs.”
Enquiries:
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
Senior EVP and CFO
Graham Shuttleworth
+1 647 262 2095
+44 779 771 1338
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Website: www.barrick.com
Endnote 1
Unchanged from 2020.
Endnote 2
Estimated in accordance with National Instrument 43- 101 - Standards of Disclosure for Mineral Projects as required by
Canadian securities regulatory authorities. Estimates are as of December 31, 2021, unless otherwise noted. Proven
mineral reserves of 240 million tonnes grading 2. 20g/t, representing 17 million ounces of gold, and 380 million tonnes
grading 0.41%, representing 3,400 million pounds of copper. Probable reserves of 1,000 million tonnes grading 1.60g/t,
representing 53 million ounces of gold, and 1,100 million tonnes grading 0.37 %, representing 8 ,800 million pounds of
copper. Measured resources of 490 million tonnes grading 2.05g/t, representing 32 million ounces of gold, and 680 million
tonnes grading 0.38%, representing 5,700 million pounds of copper. Indicated resources of 2,800 million tonnes grading
1.40g/t, representing 130 million ounces of gold, and 2,500 million tonnes grading 0. 34%, representing 19,000 million
pounds of copper. Inferred resources of 1,000 million tonnes grading 1.3g/t, representing 42 million ounces of gold, and
450 million tonnes grading 0.2%, representing 2, 100 million pounds of copper. Complete mineral reserve and mineral
resource data for all mines and projects referenced in this press release, including tonnes, grades, and ounces, can be
found in the Mineral Reserves and Mineral Resources Tables included on the following pages of this press release.
BARRICK GOLD CORPORATION PRESS RELEASE
Endnote 3
Estimated in accordance with National Instrument 43- 101 - Standards of Disclosure for Mineral Projects as required by
Canadian securities regulatory authorities. Estimates are as of December 31, 2020. Proven reserves of 280 million tonnes
grading 2.37g/t, representing 21 million ounces of gold. Probable reserves of 990 million tonnes grading 1.46g/t,
representing 47 million ounces of gold. Complete mineral reserve and mineral resource data as of December 31, 2020
for all mines and projects referenced in this press release, including tonnes, grades, and ounces, can be found on pages
34-47 of Barrick’s 2020 Annual Information Form/Form 40-F.
Endnote 4
A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least
500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost
curve.
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, 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 “future”, “estimated”,
“represent”, “target”, “continues” and simi lar expressions identify forward- looking statements. In particular, this press
release contains forward- looking statements including, without limitation, with respect to: Barrick’s ability to convert
resources into reserves and future reserve replacement; potential mineralization and metal or mineral recoveries; and the
potential for further growth at Nevada Gold Mines including at North Leeville and Ren.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material
estimates and assumptions related to the factors set forth below that, while considered reasonable by the Company as
at the date of this press release in light of management’s experience and perception of current conditions and expected
developments, 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, and undue reliance should not be placed on such statements and information. 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, natural gas, and electricity) ; the speculative nature of mineral exploration and development; changes in
mineral production performance, exploitation, and exploration successes; risks associated with projects in the early
stages of evaluation, and for which additional engineering and other analysis is required; 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; uncertainty whether some or all of the targeted investments and projects will meet the Company’s capital
allocation objectives and internal hurdle rate; 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 the jurisdictions in which the Company or its affiliates do or may carry
on business in the future; damage to the Company’s reputation due to the actual or perceived occurrence of any number
of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with
community groups, whether true or not; risks associated with new diseases, epidemics and pandemics, including the
effects and potential effects of the global Covid- 19 pandemic; litigation and legal and administrative proceedings;
employee relations including loss of key employees; increased costs and physical risks, including extreme weather events
and resource shortages, rel ated to climate change; and availability and increased costs associated with mining inputs
and labor. Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption
caused by the spread of Covid- 19. 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 press release 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
more detailed discussion of some of the factors underlying forward- looking statements and the risks that may affect
Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.
Barrick 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.
BARRICK GOLD CORPORATION RESERVES AND RESOURCES
Gold Mineral Reserves1,2,3
As at December 31, 2021 PROVEN PROBABLE TOTAL
Tonnes Grade
Contained
ozs Tonnes Grade
Contained
ozs Tonnes Grade
Contained
ozs
Based on attributable ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
AFRICA AND MIDDLE EAST
Bulyanhulu surface — — — 0.00010 10.42 0.000035 0.00010 10.42 0.000035
Bulyanhulu underground — — — 10 7.76 2.5 10 7.76 2.5
Bulyanhulu (84.00%) total — — — 10 7.76 2.5 10 7.76 2.5
Jabal Sayid surface 0.072 0.34 0.00079 — — — 0.072 0.34 0.00079
Jabal Sayid underground 6.3 0.19 0.039 6.7 0.33 0.071 13 0.26 0.11
Jabal Sayid (50.00%) total 6.4 0.19 0.040 6.7 0.33 0.071 13 0.26 0.11
Kibali surface 5.0 2.31 0.37 12 2.51 0.95 17 2.45 1.3
Kibali underground 9.4 4.54 1.4 11 4.54 1.6 21 4.54 3.0
Kibali (45.00%) total 14 3.76 1.7 23 3.50 2.6 37 3.60 4.3
Loulo-Gounkoto surface 9.6 2.62 0.81 12 3.26 1.3 22 2.98 2.1
Loulo-Gounkoto underground 8.4 4.45 1.2 21 5.03 3.4 29 4.86 4.6
Loulo-Gounkoto (80.00%) total 18 3.48 2.0 33 4.38 4.7 51 4.06 6.7
North Mara surface 0.66 1.73 0.037 37 1.73 2.1 38 1.73 2.1
North Mara underground 0.90 5.56 0.16 5.9 3.12 0.59 6.8 3.44 0.75
North Mara (84.00%) total 1.6 3.93 0.20 43 1.92 2.6 44 1.99 2.8
Tongon surface (89.70%) 2.0 1.51 0.095 5.9 1.99 0.38 7.9 1.87 0.47
AFRICA AND MIDDLE EAST TOTAL 42 3.00 4.1 120 3.29 13 160 3.22 17
LATIN AMERICA AND ASIA PACIFIC
Norte Abierto surface (50.00%) 110 0.65 2.4 480 0.59 9.2 600 0.60 12
Porgera surface4 — — — 4.8 3.66 0.56 4.8 3.66 0.56
Porgera underground4 0.58 6.79 0.13 2.6 6.25 0.53 3.2 6.34 0.66
Porgera (24.50%) total4 0.58 6.79 0.13 7.4 4.59 1.1 8.0 4.75 1.2
Pueblo Viejo surface (60.00%) 7.5 2.20 0.53 68 2.22 4.9 76 2.22 5.4
Veladero surface (50.00%) 9.8 0.41 0.13 80 0.82 2.1 90 0.77 2.2
LATIN AMERICA AND ASIA PACIFIC TOTAL 130 0.74 3.2 640 0.84 17 770 0.83 21
NORTH AMERICA
Carlin surface 11 2.58 0.95 73 2.18 5.1 84 2.23 6.0
Carlin underground 12 9.25 3.6 7.0 8.18 1.8 19 8.86 5.4
Carlin (61.50%) total5 24 6.01 4.5 80 2.70 6.9 100 3.46 11
Cortez surface 1.4 2.13 0.095 37 1.66 2.0 39 1.68 2.1
Cortez underground6 0.78 8.57 0.21 26 7.77 6.5 27 7.79 6.7
Cortez (61.50%) total 2.2 4.43 0.31 63 4.16 8.5 65 4.17 8.8
Hemlo surface 0.018 0.32 0.00018 — — — 0.018 0.32 0.00018
Hemlo underground 0.34 5.02 0.055 6.1 5.19 1.0 6.4 5.18 1.1
Hemlo (100%) total 0.36 4.79 0.055 6.1 5.19 1.0 6.4 5.16 1.1
Long Canyon surface (61.50%) 0.21 1.43 0.0097 0.40 1.06 0.013 0.61 1.18 0.023
Phoenix surface (61.50%) 8.3 0.72 0.19 96 0.59 1.8 100 0.60 2.0
Turquoise Ridge surface 18 2.13 1.2 8.3 1.90 0.51 26 2.05 1.7
Turquoise Ridge underground 8.8 11.05 3.1 12 9.89 3.7 21 10.39 6.9
Turquoise Ridge (61.50%) total 26 5.09 4.3 20 6.59 4.3 46 5.74 8.6
NORTH AMERICA TOTAL 61 4.81 9.4 270 2.64 23 330 3.04 32
TOTAL 240 2.20 17 1,000 1.60 53 1,300 1.71 69
See “Mineral Reserves and Resources Endnotes”.
BARRICK GOLD CORPORATION
Copper Mineral Reserves1,2,3,7
As at December 31, 2021 PROVEN PROBABLE TOTAL
Tonnes
Cu
Grade
Contained
Cu Tonnes
Cu
Grade
Contained
Cu Tonnes
Cu
Grade
Contained
Cu
Based on attributable pounds (Mt) (%) (Mlb) (Mt) (%) (Mlb) (Mt) (%) (Mlb)
AFRICA AND MIDDLE EAST
Bulyanhulu surface — — — 0.00010 0.61 0.0014 0.00010 0.61 0.0014
Bulyanhulu underground — — — 10 0.37 82 10 0.37 82
Bulyanhulu (84.00%) total — — — 10 0.37 82 10 0.37 82
Jabal Sayid surface 0.072 3.06 4.9 — — — 0.072 3.06 4.9
Jabal Sayid underground 6.3 2.30 320 6.7 2.24 330 13 2.27 650
Jabal Sayid (50.00%) total 6.4 2.31 330 6.7 2.24 330 13 2.27 650
Lumwana surface (100%) 68 0.51 770 410 0.58 5,200 470 0.57 6,000
AFRICA AND MIDDLE EAST TOTAL 75 0.67 1,100 420 0.60 5,600 500 0.61 6,700
LATIN AMERICA AND ASIA PACIFIC
Norte Abierto surface (50.00%) 110 0.19 480 480 0.23 2,400 600 0.22 2,900
Zaldívar surface (50.00%) 180 0.45 1800 42 0.34 320 230 0.43 2,100
LATIN AMERICA AND ASIA PACIFIC
TOTAL 300 0.35 2,300 530 0.24 2,700 820 0.28 5,000
NORTH AMERICA
Phoenix surface (61.50%) 11 0.17 40 130 0.17 470 140 0.17 510
NORTH AMERICA TOTAL 11 0.17 40 130 0.17 470 140 0.17 510
TOTAL 380 0.41 3,400 1,100 0.37 8,800 1,500 0.38 12,000
See “Mineral Reserves and Resources Endnotes”.
Silver Mineral Reserves1,2,3,7
As at December 31, 2021 PROVEN PROBABLE TOTAL
Tonnes
Ag
Grade
Contained
Ag Tonnes
Ag
Grade
Contained
Ag Tonnes
Ag
Grade
Contained
Ag
Based on attributable ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz)
AFRICA AND MIDDLE EAST
Bulyanhulu surface — — — 0.00010 4.32 0.000014 0.00010 4.32 0.000014
Bulyanhulu underground — — — 10 6.92 2.3 10 6.92 2.3
Bulyanhulu (84.00%) total — — — 10 6.92 2.3 10 6.92 2.3
AFRICA AND MIDDLE EAST TOTAL — — — 10 6.92 2.3 10 6.92 2.3
LATIN AMERICA AND ASIA PACIFIC
Norte Abierto surface (50.00%) 110 1.91 7.0 480 1.43 22 600 1.52 29
Pueblo Viejo surface (60.00%) 7.5 11.18 2.7 68 14.85 33 76 14.49 35
Veladero surface (50.00%) 9.8 12.41 3.9 80 14.78 38 90 14.52 42
LATIN AMERICA AND ASIA PACIFIC
TOTAL 130 3.21 14 630 4.58 93 760 4.34 110
NORTH AMERICA
Phoenix surface (61.50%) 8.3 7.40 2.0 96 6.35 20 100 6.43 22
NORTH AMERICA TOTAL 8.3 7.40 2.0 96 6.35 20 100 6.43 22
TOTAL 140 3.46 16 740 4.84 120 880 4.62 130
See “Mineral Reserves and Resources Endnotes”.
RESERVES AND RESOURCES
BARRICK GOLD CORPORATION
Gold Mineral Resources1,2,3,8,9
As at December 31, 2021 MEASURED (M)10 INDICATED (I)10 (M) + (I)10 INFERRED11
Tonnes Grade
Contained
ozs Tonnes Grade
Contained
ozs
Contained
ozs Tonnes Grade
Contained
ozs
Based on attributable ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Moz) (Mt) (g/t) (Moz)
AFRICA AND MIDDLE EAST
Bulyanhulu surface — — — 0.00010 10.42 0.000035 0.000035 — — —
Bulyanhulu underground — — — 17 8.92 4.8 4.8 24 8.0 6.2
Bulyanhulu (84.00%) total — — — 17 8.92 4.8 4.8 24 8.0 6.2
Jabal Sayid surface 0.072 0.34 0.00079 — — — 0.00079 — — —
Jabal Sayid underground 6.8 0.22 0.049 7.9 0.37 0.092 0.14 1.3 0.6 0.022
Jabal Sayid (50.00%) total 6.9 0.23 0.050 7.9 0.37 0.092 0.14 1.3 0.6 0.022
Kibali surface 7.1 2.26 0.52 20 2.25 1.5 2.0 3.7 2.1 0.25
Kibali underground 14 4.63 2.1 22 4.06 2.8 5.0 6.6 3.0 0.64
Kibali (45.00%) total 21 3.84 2.6 42 3.18 4.3 6.9 10 2.7 0.89
Loulo-Gounkoto surface 9.5 2.57 0.79 14 3.31 1.5 2.3 3.2 2.1 0.22
Loulo-Gounkoto
underground 16 4.57 2.3 30 4.94 4.8 7.1 8.3 3.1 0.82
Loulo-Gounkoto (80.00%)
total 25 3.82 3.1 44 4.42 6.2 9.3 12 2.8 1.0
North Mara surface 13 2.54 1.0 40 1.41 1.8 2.8 5.0 1.1 0.18
North Mara underground 0.64 3.56 0.073 18 2.04 1.2 1.3 7.8 1.8 0.46
North Mara (84.00%) total 13 2.59 1.1 58 1.61 3.0 4.1 13 1.6 0.65
Tongon surface (89.70%) 2.8 1.79 0.16 7.8 2.21 0.55 0.71 3.5 2.7 0.30
AFRICA AND MIDDLE EAST
TOTAL 70 3.15 7.1 180 3.34 19 26 64 4.5 9.1
LATIN AMERICA AND ASIA
PACIFIC
Alturas surface (100%) — — — — — — — 260 1.1 8.9
Norte Abierto surface
(50.00%) 190 0.63 3.9 1,100 0.53 19 22 370 0.4 4.4
Pascua Lama surface
(100%) 43 1.86 2.6 390 1.49 19 21 15 1.7 0.86
Porgera surface4 — — — 10 3.21 1.0 1.0 3.9 2.5 0.31
Porgera underground4 0.64 6.66 0.14 4.2 6.20 0.84 0.98 1.3 6.5 0.28
Porgera (24.50%) total4 0.64 6.66 0.14 14 4.09 1.9 2.0 5.3 3.5 0.59
Pueblo Viejo surface
(60.00%) 63 2.03 4.1 150 2.04 10 14 38 1.7 2.1
Veladero surface (50.00%) 11 0.39 0.14 130 0.71 2.9 3.0 18 0.7 0.39
LATIN AMERICA AND ASIA
PACIFIC TOTAL12 310 1.09 11 1,800 0.92 52 63 710 0.8 17
See “Mineral Reserves and Resources Endnotes”.
RESERVES AND RESOURCES
BARRICK GOLD CORPORATION
Gold Mineral Resources1,2,3,8,9
As at December 31, 2021 MEASURED (M)10 INDICATED (I)10 (M) + (I)10 INFERRED11
Tonnes Grade
Contained
ozs Tonnes Grade
Contained
ozs
Contained
ozs Tonnes Grade
Contained
ozs
Based on attributable ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Moz) (Mt) (g/t) (Moz)
NORTH AMERICA
Carlin surface 28 2.33 2.1 150 1.82 9.0 11 58 1.2 2.2
Carlin underground 23 7.53 5.6 12 6.97 2.7 8.4 10.0 7.5 2.4
Carlin (61.50%) total5 51 4.68 7.8 170 2.20 12 19 68 2.1 4.6
Cortez surface 1.4 2.12 0.096 92 1.07 3.2 3.3 62 0.5 1.1
Cortez underground6 1.2 8.06 0.32 32 7.40 7.7 8.0 15 5.9 2.8
Cortez (61.50%) total 2.6 4.88 0.41 120 2.71 11 11 76 1.6 3.9
Donlin surface (50.00%) 3.9 2.52 0.31 270 2.24 19 20 46 2.0 3.0
Fourmile underground
(100%) — — — 1.00 10.90 0.35 0.35 6.4 10.6 2.2
Hemlo surface 0.024 0.48 0.00037 27 0.90 0.78 0.78 5.4 0.9 0.15
Hemlo underground 0.66 4.64 0.098 11 4.73 1.7 1.8 3.7 5.6 0.67
Hemlo (100%) total 0.68 4.50 0.099 38 2.03 2.5 2.6 9.1 2.8 0.82
Long Canyon surface 0.54 2.66 0.046 5.3 2.45 0.42 0.47 1.1 0.8 0.029
Long Canyon underground — — — 1.1 10.68 0.38 0.38 0.53 9.1 0.16
Long Canyon (61.50%) total 0.54 2.66 0.046 6.5 3.87 0.80 0.85 1.6 3.6 0.19
Phoenix surface (61.50%) 13 0.65 0.27 230 0.51 3.7 4.0 30 0.4 0.36
Turquoise Ridge surface 25 2.12 1.7 23 2.00 1.5 3.2 10 1.8 0.60
Turquoise Ridge
underground 11 10.28 3.5 18 8.84 5.2 8.7 0.68 6.2 0.14
Turquoise Ridge (61.50%)
total 36 4.57 5.3 41 5.05 6.6 12 11 2.0 0.74
NORTH AMERICA TOTAL 110 4.08 14 870 1.99 56 70 250 2.0 16
TOTAL 490 2.05 32 2,800 1.40 130 160 1,000 1.3 42
See “Mineral Reserves and Resources Endnotes”.
RESERVES AND RESOURCES
BARRICK GOLD CORPORATION
Copper Mineral Resources1,3,7,8,9
As at December 31, 2021 MEASURED (M)10 INDICATED (I)10 (M) + (I)10 INFERRED11
Tonnes Grade
Contained
lbs Tonnes Grade
Contained
lbs Contained lbs Tonnes Grade
Contained
lbs
Based on attributable
pounds (Mt) (%) (Mlb) (Mt) (%) (Mlb) (Mlb) (Mt) (%) (Mlb)
AFRICA AND MIDDLE
EAST
Bulyanhulu surface — — — 0.00010 0.61 0.0014 0.0014 — — —
Bulyanhulu
underground — — — 17 0.41 150 150 24 0.4 200
Bulyanhulu (84.00%) total — — — 17 0.41 150 150 24 0.4 200
Jabal Sayid surface 0.072 3.06 4.9 — — — 4.9 — — —
Jabal Sayid
underground 6.8 2.60 390 7.9 2.22 380 770 1.3 1.4 38
Jabal Sayid (50.00%)
total 6.9 2.60 390 7.9 2.22 380 780 1.3 1.4 38
Lumwana surface (100%) 93 0.51 1,000 880 0.54 10,000 11,000 7.6 0.6 93
AFRICA AND MIDDLE
EAST TOTAL 99 0.65 1,400 910 0.55 11,000 12,000 33 0.4 330
LATIN AMERICA AND
ASIA PACIFIC
Norte Abierto surface
(50.00%) 170 0.21 790 1,000 0.21 4,700 5,500 360 0.2 1,400
Zaldívar surface (50.00%) 390 0.40 3,400 240 0.36 1,900 5,300 26 0.3 190
LATIN AMERICA AND
ASIA PACIFIC TOTAL 560 0.34 4,200 1,300 0.24 6,600 11,000 390 0.2 1,600
NORTH AMERICA
Phoenix surface (61.50%) 16 0.16 55 310 0.15 1,000 1,100 32 0.1 90
NORTH AMERICA TOTAL 16 0.16 55 310 0.15 1,000 1,100 32 0.1 90
TOTAL 680 0.38 5,700 2,500 0.34 19,000 24,000 450 0.2 2,100
See “Mineral Reserves and Resources Endnotes”.
RESERVES AND RESOURCES