Barrick Announces 2001 Production And Costs - Converts To US GAAP Reporting.

Publication: Business Wire

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COPYRIGHT 2002 Business Wire

Business Editors

TORONTO--(BUSINESS WIRE)--Jan. 31, 2002

All amounts in United States dollars

Barrick Gold Corporation (NYSE:ABX) (LSE:ABX) (PARIS:ABX) (SWISS:ABX) (TSE:ABX) today announced 2001 production of 6.1 million ounces of gold at low cash costs of US$162 per ounce. The results benefited from the Company's merger with Homestake Mining Company, completed in the fourth quarter of 2001 and were consistent with both companies' production and cost targets for the year.

"2001 was a year of solid operating performance, with new levels of production at among the lowest costs in the industry. It was also a year of significant advances,...

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