DBRS Releases Report on Barrick Gold Corporation

DBRS has today released a report on Barrick Gold Corporation (Barrick or the Company) and related companies that provides further detail on the recent confirmation of Barrick’s long-term debt ratings at A (low) and the R-1 (low) rating on its Commercial Paper, each with a Stable trend.

The confirmation of Barrick’s ratings reflects the Company’s position as the world’s largest gold producer with low-cost operations and an above-average reserve life at its gold mines. In addition, the acquisition of Equinox Minerals Limited (Equinox) in 2011 broadened Barrick’s copper diversification. That said, the Equinox acquisition added significantly to the Company’s debt, resulting in Barrick’s traditionally strong financial metrics deteriorating somewhat in 2011 despite record operating cash flows; nonetheless, its metrics remain adequate for the rating.

Today’s report and the July 5, 2012, press release are available at www.dbrs.com or by contacting us at info@dbrs.com.