DBRS Assigns “A” Rating to Barrick New Debt Issue

DBRS has today assigned a rating of “A”, with a Stable trend, to Barrick Gold Corporation’s (Barrick or the Company) issue of US$750 million in aggregate principal amount of 6.95% notes announced today.

The notes will be unsubordinated, direct, unconditional and unsecured obligations of Barrick and will rank equally among themselves and with all of the Company’s other unsecured, unsubordinated obligations, except to the extent prescribed by law.

The net proceeds of the offering will be used for general corporate purposes, including to fund construction at Barrick’s projects and make investments in Barrick’s subsidiaries.

Notes:
The applicable methodology is Rating Mining, which can be found on our website under Methodologies.

This is a Corporate rating.