Based on IFRS and expressed in US dollars. For a full explanation of results, the Financial Statements and Management Discussion & Analysis, please see the company''s website, www.barrick.com.

Barrick Gold Corporation (ABX)(ABX.TO) (Barrick or the "company") today reported net earnings of $0.62 billion ($0.62 per share) compared to net earnings of $1.37 billion ($1.37 per share) in the same prior year quarter. Adjusted net earnings were $0.85 billion ($0.85 per share)(1) compared to $1.38 billion ($1.38 per share) in the third quarter of 2011. Operating cash flow of $1.73 billion and adjusted operating cash flow of $1.27 billion¹ for the quarter compared to operating cash flow of $1.90 billion and adjusted operating cash flow of $2.00 billion, respectively, in the same prior year period.

Operating Highlights

• Gold and copper production of 1.78 million ounces and 112 million pounds, respectively
• Gold total cash costs of $592 per ounce¹ and net cash costs of $537 per ounce¹
• Gold total cash margins of $1,063 per ounce¹, and net cash margins of $1,118 per ounce¹
• C1 cash costs of $2.33 per pound¹ and C1 cash margins of $1.19 per pound¹

2012 Outlook

• The company expects 2012 gold production of 7.3-7.5 million ounces², within the original guidance range of 7.3-7.8 million ounces. Total cash costs for gold are anticipated to be $575-$585 per ounce, compared to the previous guidance of $550-$575 per ounce, primarily due to higher cash costs from Australia Pacific and African Barrick Gold (ABG). Net cash costs are anticipated to be $480-$500 per ounce³, within the previous guidance of $460-$500 per ounce.
• Full year 2012 copper production is expected to be about 450 million pounds as a result of the delay in first production at Jabal Sayid in Saudi Arabia. C1 cash costs in 2012 are still anticipated to be $2.10-$2.30 per pound.