l amounts expressed in U.S. dollars

TORONTO – July 18, 2019 — Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) announced today that it continues to make good progress on achieving its goals and objectives set out at the start of the year.

Reflecting another solid operating performance across its portfolio, Barrick announced preliminary second quarter sales of 1.37 million ounces of gold and 96 million pounds of copper, as well as preliminary second quarter production of 1.35 million ounces of gold and 97 million pounds of copper. The average market price for gold in the second quarter was $1,309 per ounce, while the average market price for copper in the second quarter was $2.77 per pound.

Preliminary second quarter gold sales and production are in line with the solid base set in the first quarter and support annual production at the upper end of the 2019 group guidance range, driven by strong performances from Loulo-Gounkoto and Veladero offset by lower production at Barrick Nevada, as guided, and production interruptions at Pueblo Viejo. This is before including the impact of the Nevada Gold Mines joint venture transaction that was successfully completed on July 1, 2019 and which, as indicated, is expected to positively impact the production outlook for the year. Second quarter gold costs per ounce are expected to be marginally higher than Q1 2019.

Preliminary second quarter copper sales and production were slightly lower than the first quarter of the year, primarily as a result of lower production at Lumwana. Despite this, the ongoing efficiency initiatives that have been implemented are expected to result in a slight quarter-over-quarter decrease in our copper costs per pound. The 2019 copper production and cost guidance is unchanged.

Barrick will provide additional discussion and analysis regarding its second quarter production and sales when the Company reports its quarterly results before North American markets open on August 12, 2019, followed by a live presentation by President and CEO Mark Bristow at 11:00 am EDT at Barrick's corporate office in Toronto. The presentation will be linked to a webcast and conference call.

The following table includes preliminary gold and copper production and sales results from our operations:

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https://www.barrick.com/English/news/news-details/2019/Barrick-Reports-Preliminary-Second-Quarter-Production-Results/default.aspx