TORONTO, January 16, 2018 — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”) today announced preliminary full year gold production of 5.32 million ounces for 2017, in line with the Company’s adjusted guidance of 5.30-5.50 million ounces, and preliminary full year gold sales of 5.30 million ounces. Preliminary fourth quarter gold production was 1.34 million ounces, and preliminary fourth quarter gold sales were 1.37 million ounces. The average market price for gold in the fourth quarter was $1,275 per ounce.

Preliminary full year copper production was 413 million pounds, slightly below the Company’s adjusted guidance of 420-440 million pounds for 2017, but in line with our original full year guidance of 400-450 million pounds. Preliminary full year copper sales were 405 million pounds. Preliminary copper production in the fourth quarter was 99 million pounds, and preliminary copper sales in the fourth quarter were 107 million pounds. The average market price for copper in the fourth quarter was $3.09 per pound.

Barrick will provide additional discussion and analysis regarding fourth quarter production and sales when the Company reports quarterly results on February 14, 2018, followed by a conference call and webcast on February 15 at 8:00 am ET. The following table includes preliminary gold and copper production and sales results from our operations:
Production Sales
Three months ended
December 31, Twelve months ended
December 31, Three months ended
December 31, Twelve months ended
December 31,
2017 2016 2017 2016 2017 2016 2017 2016
Gold (equity ounces (000s))
Barrick Nevada1 530 601 2,312 2,155 539 582 2,357 2,162
Pueblo Viejo2 182 189 650 700 182 197 637 700
Lagunas Norte 113 110 387 435 114 98 397 425
Veladero3 110 177 432 544 114 194 458 532
Turquoise Ridge4 64 65 211 266 81 69 222 257
Acacia5 95 136 491 530 94 134 379 521
Other Mines – Gold6 245 238 840 887 248 245 852 906
Total 1,339 1,516 5,323 5,517 1,372 1,519 5,302 5,503


Copper (equity pounds (millions)) 99 101 413 415 107 107 405 405

ENDNOTES
1.Includes our 60% equity share of Arturo.
2.Reflects our 60% equity share of Pueblo Viejo.
3.Reflects our 50% equity share of Veladero from July 1, 2017 onwards.
4.Reflects our 75% equity share of Turquoise Ridge.
5.Reflects our 63.9% equity share of Acacia.
6.Includes: Golden Sunlight; Hemlo; Porgera on a 47.5% basis; Kalgoorlie on a 50% basis; and Bald Mountain and Round Mountain up to the effective date of their sale, being January 11, 2016.

TECHNICAL INFORMATION

The scientific and technical information contained in this press release has been reviewed and approved by Steven Haggarty, P. Eng., Senior Director, Metallurgy of Barrick who is a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

FOURTH QUARTER 2017 RESULTS

Barrick will report detailed fourth quarter results on Wednesday, February 14, after market close, followed by a conference call and webcast on February 15 at 8:00 am ET.

Toll Free (U.S. and Canada): 1-800-319-4610
International: +1 416 915-3239

The webcast and presentation materials will be available on Barrick’s website at www.barrick.com. The conference call will be available for replay by phone at 1-855-669-9658 (U.S. and Canada toll free), and +1 604 674-8052 (international), access code 1928.