##### 



EXHIBIT 1
 
 BARRICK GOLD CORPORATION
BCE Place
TD Canada Trust Tower, Suite 3700
P.O. Box 212
161 Bay Street
Toronto, Ontario
M5J 2S1
 ANNUAL INFORMATION FORM
 For the year ended December 31, 2006
 Dated as of March 30, 2007




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##### 



BARRICK GOLD CORPORATION
ANNUAL INFORMATION FORM
 TABLE OF CONTENTS
 GLOSSARY OF TERMS
    
    
    3REPORTING CURRENCY, FINANCIAL AND RESERVE INFORMATION
    
    
    8FORWARD-LOOKING INFORMATION
    
    
    8SCIENTIFIC AND TECHNICAL INFORMATION
    
    
    9GENERAL INFORMATION
    
    
    9Incorporation
    
    
    9Subsidiaries
    
    
    10Areas of Interest
    
    
    10General Development of the Business
    
    
    10Transactions
    
    
    13NARRATIVE DESCRIPTION OF THE BUSINESS
    
    
    17Production and Total Cash Costs
    
    
    17Mineral Reserves and Mineral Resources
    
    
    19Marketing and Distribution
    
    
    28Employees and Labour Relations
    
    
    29Competition
    
    
    29REGIONAL BUSINESS UNITS
    
    
    30North America
    
    
    30Goldstrike Property
    
    
    30Australia Pacific
    
    
    36Africa
    
    
    36South America
    
    
    37Lagunas Norte Mine
    
    
    37Veladero Mine
    
    
    41Zaldívar Mine
    
    
    45Pascua-Lama Project
    
    
    49
 -i-




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EXPLORATION, DEVELOPMENT AND BUSINESS DEVELOPMENT
    
    
    53ENVIRONMENT AND CLOSURE
    
    
    57FINANCIAL RISK-MANAGEMENT
    
    
    58LEGAL MATTERS
    
    
    62Government Controls and Regulations
    
    
    62Litigation
    
    
    63RISK FACTORS
    
    
    66MANAGEMENTS DISCUSSION AND ANALYSIS OF
FINANCIAL CONDITION AND RESULTS OF OPERATIONS
    
    
    74CONSOLIDATED FINANCIAL STATEMENTS
    
    
    74CAPITAL STRUCTURE
    
    
    75RATINGS
    
    
    78MARKET FOR SECURITIES
    
    
    80MATERIAL CONTRACTS
    
    
    80TRANSFER AGENTS AND REGISTRARS
    
    
    81DIVIDEND POLICY
    
    
    81DIRECTORS AND OFFICERS OF THE COMPANY
    
    
    81AUDIT COMMITTEE
    
    
    84Audit Committee Mandate
    
    
    84Composition of the Audit Committee
    
    
    88Participation on Other Audit Committees
    
    
    89Audit Committee Pre-Approval Policies and Procedures
    
    
    89External Auditor Service Fees
    
    
    90CONTROLS AND PROCEDURES
    
    
    90ADDITIONAL INFORMATION
    
    
    91
 -ii-




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GLOSSARY OF TERMS
 Assay
  Autoclave system
  Ball mill
  By-product
  Carbonaceous
  Carbon-in-leach (C-I-L)
  Concentrate
  Contained ounces
  Contango
  Crushing
  Cyanidation
  Cut-off grade
  - 3 -




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Development
  Dilution
  Doré
  Drift
  Drift-and-fill
  Drilling
 Core:
 Reverse circulation:
 Conventional rotary:
 In-fill:
 Exploration
  Flotation
  Grade
  Grinding (Milling)
  - 4 -




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##### 



Heap leaching
  Lode
  Long-hole open stoping
  Metric conversionTroy ounces
    
    ×
    
    
    31.10348
    
    
    =
    
    GramsTroy ounces per short ton
    
    ×
    
    
    34.28600
    
    
    =
    
    Grams per tonnePounds
    
    ×
    
    
    0.00045
    
    
    =
    
    TonnesTons
    
    ×
    
    
    0.90718
    
    
    =
    
    TonnesFeet
    
    ×
    
    
    0.30480
    
    
    =
    
    MetersMiles
    
    ×
    
    
    1.60930
    
    
    =
    
    KilometersAcres
    
    ×
    
    
    0.40468
    
    
    =
    
    HectaresFahrenheit
    
    (°F-32) × 5 ÷ 9
    
    =
    
    Celsius
 Mill
  Mineral reserve
  Mineral resource
  Mining claim
  Net profits interest royalty
  Net smelter return royalty
  Open pit mine
  Ore
  - 5 -




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##### 



Orebody
  Oxide ore
  Qualified Person
  Reclamation
  Reclamation and Closure Costs
  Recovery rate
  Refining
  Refractory material
  Roasting
  Shaft
  Stope
  Strike length
  Tailings
  - 6 -




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Tailings storage facility
  Tons
  Total cash costs
  - 7 -




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##### 



REPORTING CURRENCY, FINANCIAL AND RESERVE INFORMATION
    FORWARD-LOOKING INFORMATION
  - 8 -




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##### 



SCIENTIFIC AND TECHNICAL INFORMATION
    GENERAL INFORMATION
 Incorporation
 Business Corporations Act
 - 9 -




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##### 



Subsidiaries
  Areas of Interest
  General Development of the Business
      - 10 -




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##### 



Gold Mines
    
    Ownership(1)
    
    
    2006(6)
    
    
    2005(thousands
    
    
    (thousandsof ounces)
    
    
    of ounces)North AmericaGoldstrike Property, NevadaGoldstrike Open Pit
    
    
    100
    %
    
    
    1,388
    
    
    
    1,514Goldstrike Underground
    
    
    100
    %
    
    
    477
    
    
    
    510Goldstrike Property total
    
    
    
    
    
    
    1,865
    
    
    
    2,024Eskay Creek Mine, British Columbia
    
    
    100
    %
    
    
    113
    
    
    
    172Round Mountain Mine, Nevada(2)
    
    
    50
    %
    
    
    340
    
    
    
    368Hemlo Property, Ontario (2)
    
    
    50
    %
    
    
    205
    
    
    
    230Marigold Mine, Nevada (2)
    
    
    33
    %
    
    
    50
    
    
    
    69Bald Mountain Mine
    
    
    100
    %
    
    
    273
    
    
    
    n/aCortez Mine
    
    
    60
    %
    
    
    253
    
    
    
    n/aTurquoise Ridge Mine
    
    
    75
    %
    
    
    180
    
    
    
    n/aGolden Sunlight Mine
    
    
    100
    %
    
    
    93
    
    
    
    n/a3,372
    
    
    
    2,863South AmericaVeladero Mine, Argentina(3)
    
    
    100
    %
    
    
    511
    
    
    
    56Pierina Mine, Peru
    
    
    100
    %
    
    
    509
    
    
    
    628Lagunas Norte Mine, Peru(3)
    
    
    100
    %
    
    
    1,084
    
    
    
    5502,104
    
    
    
    1,234Australia PacificPlutonic Mine, Western Australia
    
    
    100
    %
    
    
    237
    
    
    
    251Darlot Mine, Western Australia
    
    
    100
    %
    
    
    137
    
    
    
    135Lawlers Mine, Western Australia
    
    
    100
    %
    
    
    110
    
    
    
    131
 - 11 -




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##### 



Gold Mines
    
    Ownership(1)
    
    
    2006(6)
    
    
    2005(thousands
    
    
    (thousandsof ounces)
    
    
    of ounces)Kalgoorlie Mine, Western
Australia (2)
    
    
    50
    %
    
    
    338
    
    
    
    417Granny Smith Mine, Western Australia
    
    
    100
    %
    
    
    295
    
    
    
    n/aKanowna Mine, Western Australia
    
    
    100
    %
    
    
    477
    
    
    
    n/aOsborne Mine, Queensland, Australia
    
    
    100
    %
    
    
    30
    
    
    
    n/aHenty Mine, Tasmania
    
    
    100
    %
    
    
    68
    
    
    
    n/aCowal Mine, Central New South Wales, Australia (4)
    
    
    100
    %
    
    
    122
    
    
    
    Porgera Mine, Papa New Guinea
    
    
    75
    %
    
    
    406
    
    
    
    n/a2,220
    
    
    
    934AfricaBulyanhulu Mine, Tanzania
    
    
    100
    %
    
    
    330
    
    
    
    311Tulawaka Mine, Tanzania(2)
    
    
    70
    %
    
    
    98
    
    
    
    87North Mara Mine, Tanzania
    
    
    100
    %
    
    
    362
    
    
    
    n/aSouth Deep Mine, South Africa(5)
    
    
    50
    %
    
    
    124
    
    
    
    n/a914
    
    
    
    398Other
    
    
    
    
    
    
    33
    
    
    
    31Company Total
    
    
    
    
    
    
    8,643
    
    
    
    5,460
 (1)
    
    Barricks interest is subject to royalty obligations at
certain mines.(2)
    
    Barricks proportional share.(3)
    
    The Veladero and Lagunas Norte mines commenced production in the second half of 2005.(4)
    
    The Cowal mine commenced production in May 2006.(5)
    
    Barrick sold its interest in the South Deep mine in December 2006.(6)
    
    Barricks share of the acquired Placer Dome mines production reflects the results
from January 20, 2006.
  Copper Mines
    
    Ownership
    
    
    2006(1)
    
    
    2005(2)(millions of
    
    
    (millions ofpounds)
    
    
    pounds)Zaldívar Mine, Chile
    
    
    100
    %
    
    
    308
    
    
    
    n/aOsborne Mine, Queensland, Australia
    
    
    100
    %
    
    
    59
    
    
    
    n/aCompany Total
    
    
    
    
    
    
    367
 
 (1)
    
    Barricks share of the acquired Placer Dome mines production reflects the results
from January 20, 2006. - 12 -




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##### 



(2)
    
    The 2005 comparative period for copper has not been included as Barrick did not produce
any significant amount of copper prior to the production from the copper mines acquired with
Placer Dome.  Transactions
 Placer Dome
 www.sedar.com www.sec.gov
   Sale of Certain Placer Dome Operations to Goldcorp
  Acquisition of Interest in Reko Diq
  - 13 -




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##### 



Sale of South Deep Mine to Gold Fields Limited
  Acquisition of Pioneer Metals Corporation and an Interest in NovaGold Resources Inc.
  Vend-in of Assets of Highland
  - 14 -




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- 15 -




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##### 



- 16 -




---



##### 



NARRATIVE DESCRIPTION OF THE BUSINESS
 Production and Total Cash Costs
     - 17 -




---



##### 



For the years ended Dec.31($ millions, except per ounce/pound information in
    
    Gold
    
    
    Copper1dollars)
    
    2006
    
    
    2005
    
    
    2004
    
    
    2006Cost of sales2
    
    $
    2,343
    
    
    $
    1,214
    
    
    $
    1,047
    
    
    $
    393Cost of sales at South Deep included in discontinued
operations
    
    
    101
    
    
    
    
    
    
    
    
    
    
    
    Cost of sales attributable to non-controlling
interests3
    
    
    (63
    )
    
    
    (7
    )
    
    
    
    
    
    
    Inventory purchase accounting adjustments included
in cost of sales4
    
    
    (11
    )
    
    
    
    
    
    
    
    
    
    
    (97
    )Cost of sales as adjusted
    
    
    2,370
    
    
    
    1,207
    
    
    
    1,047
    
    
    
    296Amortization at producing mines-consolidated
    
    
    627
    
    
    
    409
    
    
    
    425
    
    
    
    66Amortization at South Deep included in discontinued
operations
    
    
    18
    
    
    
    
    
    
    
    
    
    
    
    Amortization at producing mines attributable to
non-controlling interests3
    
    
    (16
    )
    
    
    (5
    )
    
    
    
    
    
    
    Amortization at producing mines-equity basis
    
    
    629
    
    
    
    404
    
    
    
    425
    
    
    
    66Inventory purchase accounting adjustments4
    
    
    11
    
    
    
    
    
    
    
    
    
    
    
    97Cost of sales including amortization and inventory
purchase accounting adjustments-equity basis
    
    $
    3,010
    
    
    $
    1,611
    
    
    $
    1,472
    
    
    $
    459
 - 18 -




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##### 



Total cash costs per ounce/pound
    
    For the years ended Dec.31Gold
    
    
    Copper1(Per ounce/pound information in dollars)
    
    2006
    
    
    2005
    
    
    2004
    
    
    2006Ounces/pounds sold  consolidated
(thousands/millions)
    
    
    8,566
    
    
    
    5,353
    
    
    
    4,936
    
    
    
    376Sales attributable to non-controlling interests3
    
    
    (176
    )
    
    
    (33
    )
    
    
    
    
    
    
    Ounces/pounds sold  equity basis
    
    
    8,390
    
    
    
    5,320
    
    
    
    4,936
    
    
    
    376Total cash costs per ounce/pound  equity basis
    
    $
    282
    
    
    $
    227
    
    
    $
    214
    
    
    $
    0.79Amortization per ounce/pound  equity basis
    
    
    76
    
    
    
    76
    
    
    
    86
    
    
    
    0.17Inventory purchase accounting adjustments per
ounce/pound
    
    
    1
    
    
    
    
    
    
    
    
    
    
    
    0.26Cost of sales and amortization per ounce/pound
attributable to non-controlling interests3
    
    
    2
    
    
    
    
    
    
    
    
    
    
    
    Total costs per ounce/pound5  consolidated basis
    
    $
    361
    
    
    $
    303
    
    
    $
    300
    
    
    $
    1.22
 
 1
    
    The 2005 and 2004 comparative periods for copper have been omitted as Barrick did not
produce any significant amounts of copper prior to the production from the copper mines
acquired with Placer Dome.2
    
    The aggregate amount of cost of sales for gold and copper is as per Barricks Consolidated Financial Statements.3
    
    Relates to a 30% interest in Tulawaka and a 50% interest in South Deep.4
    
    Based on Barricks equity interest.5
    
    Includes amortization, amounts attributable to non-controlling interests and inventory purchase accounting adjustments. Mineral Reserves and Mineral Resources
   - 19 -




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Definitions
 mineral resource
 inferred mineral resource
 indicated mineral resource
 - 20 -




---



##### 



measured mineral resource
 mineral reserve
 probable mineral reserve
 proven mineral reserve
 - 21 -




---



##### 



(1),(3),(4),(7),(10),(11)
 As at December 31, 2006
    
    PROVEN
    
    
    PROBABLE
    
    
    TOTALTons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)Based on attributable ounces
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)NORTH AMERICAGoldstrike Open Pit
    
    
    62,699
    
    
    
    0.117
    
    
    
    7,336
    
    
    
    42,507
    
    
    
    0.136
    
    
    
    5,786
    
    
    
    105,206
    
    
    
    0.125
    
    
    
    13,122Goldstrike Underground
    
    
    3,108
    
    
    
    0.495
    
    
    
    1,538
    
    
    
    4,554
    
    
    
    0.285
    
    
    
    1,296
    
    
    
    7,662
    
    
    
    0.370
    
    
    
    2,834Goldstrike Property Total
    
    
    65,807
    
    
    
    0.135
    
    
    
    8,874
    
    
    
    47,061
    
    
    
    0.150
    
    
    
    7,082
    
    
    
    112,868
    
    
    
    0.141
    
    
    
    15,956Pueblo Viejo (60%)(7)
    
    
    12,684
    
    
    
    0.088
    
    
    
    1,112
    
    
    
    105,890
    
    
    
    0.092
    
    
    
    9,761
    
    
    
    118,574
    
    
    
    0.092
    
    
    
    10,873Cortez (60%)(7)
    
    
    40,240
    
    
    
    0.075
    
    
    
    3,020
    
    
    
    70,171
    
    
    
    0.052
    
    
    
    3,671
    
    
    
    110,411
    
    
    
    0.061
    
    
    
    6,691Bald Mountain
    
    
    75,366
    
    
    
    0.033
    
    
    
    2,470
    
    
    
    34,556
    
    
    
    0.029
    
    
    
    987
    
    
    
    109,922
    
    
    
    0.031
    
    
    
    3,457Turquoise Ridge (75%)
    
    
    3,516
    
    
    
    0.544
    
    
    
    1,913
    
    
    
    2,811
    
    
    
    0.544
    
    
    
    1,530
    
    
    
    6,327
    
    
    
    0.544
    
    
    
    3,443Round Mountain (50%)
    
    
    40,462
    
    
    
    0.021
    
    
    
    845
    
    
    
    72,580
    
    
    
    0.015
    
    
    
    1,107
    
    
    
    113,042
    
    
    
    0.017
    
    
    
    1,952Ruby Hill
    
    
    8,812
    
    
    
    0.059
    
    
    
    522
    
    
    
    10,667
    
    
    
    0.052
    
    
    
    558
    
    
    
    19,479
    
    
    
    0.055
    
    
    
    1,080Hemlo (50%)
    
    
    5,417
    
    
    
    0.084
    
    
    
    454
    
    
    
    3,629
    
    
    
    0.073
    
    
    
    264
    
    
    
    9,046
    
    
    
    0.079
    
    
    
    718Marigold (33%)
    
    
    16,664
    
    
    
    0.022
    
    
    
    360
    
    
    
    17,626
    
    
    
    0.020
    
    
    
    348
    
    
    
    34,290
    
    
    
    0.021
    
    
    
    708Golden Sunlight
    
    
    4,399
    
    
    
    0.081
    
    
    
    357
    
    
    
    284
    
    
    
    0.067
    
    
    
    19
    
    
    
    4,683
    
    
    
    0.080
    
    
    
    376Eskay Creek
    
    
    104
    
    
    
    0.731
    
    
    
    76
    
    
    
    32
    
    
    
    0.844
    
    
    
    27
    
    
    
    136
    
    
    
    0.757
    
    
    
    103South Arturo (60%)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Donlin Creek (30%)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    SOUTH AMERICAPascua-Lama
    
    
    38,227
    
    
    
    0.053
    
    
    
    2,029
    
    
    
    352,758
    
    
    
    0.042
    
    
    
    14,959
    
    
    
    390,985
    
    
    
    0.043
    
    
    
    16,988Veladero
    
    
    24,581
    
    
    
    0.032
    
    
    
    791
    
    
    
    346,982
    
    
    
    0.030
    
    
    
    10,577
    
    
    
    371,563
    
    
    
    0.031
    
    
    
    11,368Lagunas Norte
    
    
    10,853
    
    
    
    0.051
    
    
    
    553
    
    
    
    194,980
    
    
    
    0.042
    
    
    
    8,251
    
    
    
    205,833
    
    
    
    0.043
    
    
    
    8,804Pierina
    
    
    13,784
    
    
    
    0.042
    
    
    
    582
    
    
    
    18,850
    
    
    
    0.033
    
    
    
    627
    
    
    
    32,634
    
    
    
    0.037
    
    
    
    1,209AUSTRALIA PACIFICPorgera (75%)
    
    
    45,952
    
    
    
    0.102
    
    
    
    4,703
    
    
    
    17,924
    
    
    
    0.132
    
    
    
    2,364
    
    
    
    63,876
    
    
    
    0.111
    
    
    
    7,067Kalgoorlie (50%)
    
    
    47,603
    
    
    
    0.053
    
    
    
    2,536
    
    
    
    40,072
    
    
    
    0.064
    
    
    
    2,554
    
    
    
    87,675
    
    
    
    0.058
    
    
    
    5,090Cowal
    
    
    12,684
    
    
    
    0.038
    
    
    
    476
    
    
    
    74,003
    
    
    
    0.037
    
    
    
    2,711
    
    
    
    86,687
    
    
    
    0.037
    
    
    
    3,187Plutonic
    
    
    984
    
    
    
    0.119
    
    
    
    117
    
    
    
    17,662
    
    
    
    0.121
    
    
    
    2,130
    
    
    
    18,646
    
    
    
    0.121
    
    
    
    2,247Kanowna
    
    
    5,241
    
    
    
    0.179
    
    
    
    938
    
    
    
    7,649
    
    
    
    0.129
    
    
    
    986
    
    
    
    12,890
    
    
    
    0.149
    
    
    
    1,924Darlot
    
    
    2,145
    
    
    
    0.113
    
    
    
    242
    
    
    
    3,509
    
    
    
    0.150
    
    
    
    526
    
    
    
    5,654
    
    
    
    0.136
    
    
    
    768Granny Smith
    
    
    4,370
    
    
    
    0.055
    
    
    
    242
    
    
    
    3,025
    
    
    
    0.148
    
    
    
    448
    
    
    
    7,395
    
    
    
    0.093
    
    
    
    690Lawlers
    
    
    874
    
    
    
    0.106
    
    
    
    93
    
    
    
    2,402
    
    
    
    0.139
    
    
    
    333
    
    
    
    3,276
    
    
    
    0.130
    
    
    
    426Henty
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    741
    
    
    
    0.266
    
    
    
    197
    
    
    
    741
    
    
    
    0.266
    
    
    
    197Osborne
    
    
    3,653
    
    
    
    0.025
    
    
    
    90
    
    
    
    4,164
    
    
    
    0.016
    
    
    
    65
    
    
    
    7,817
    
    
    
    0.020
    
    
    
    155Reko Diq (37.5%) (12)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    AFRICABulyanhulu
    
    
    1,325
    
    
    
    0.411
    
    
    
    544
    
    
    
    29,131
    
    
    
    0.365
    
    
    
    10,641
    
    
    
    30,456
    
    
    
    0.367
    
    
    
    11,185North Mara
    
    
    19,224
    
    
    
    0.106
    
    
    
    2,030
    
    
    
    12,567
    
    
    
    0.099
    
    
    
    1,246
    
    
    
    31,791
    
    
    
    0.103
    
    
    
    3,276Buzwagi(7)
    
    
    95
    
    
    
    0.063
    
    
    
    6
    
    
    
    45,073
    
    
    
    0.058
    
    
    
    2,634
    
    
    
    45,168
    
    
    
    0.058
    
    
    
    2,640Tulawaka (70%)
    
    
    259
    
    
    
    0.116
    
    
    
    30
    
    
    
    667
    
    
    
    0.450
    
    
    
    300
    
    
    
    926
    
    
    
    0.356
    
    
    
    330OTHER
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    363
    
    
    
    0.435
    
    
    
    158
    
    
    
    363
    
    
    
    0.435
    
    
    
    158TOTAL
    
    
    505,325
    
    
    
    0.071
    
    
    
    36,005
    
    
    
    1,537,829
    
    
    
    0.057
    
    
    
    87,061
    
    
    
    2,043,154
    
    
    
    0.060
    
    
    
    123,066
 (1),(3),(4),(7),(11)
 PROVEN
    
    
    PROBABLE
    
    
    TOTALTons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)Based on attributable pounds
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)Zaldívar
    
    
    199,406
    
    
    
    0.570
    
    
    
    2,274
    
    
    
    317,749
    
    
    
    0.538
    
    
    
    3,416
    
    
    
    517,155
    
    
    
    0.550
    
    
    
    5,690Osborne
    
    
    3,653
    
    
    
    2.190
    
    
    
    160
    
    
    
    4,164
    
    
    
    1.873
    
    
    
    156
    
    
    
    7,817
    
    
    
    2.021
    
    
    
    316TOTAL
    
    
    203,059
    
    
    
    0.599
    
    
    
    2,434
    
    
    
    321,913
    
    
    
    0.555
    
    
    
    3,572
    
    
    
    524,972
    
    
    
    0.572
    
    
    
    6,006
  22




---



##### 



(1,2,3,5)
 As at December 31, 2006
    
    MEASURED (M)
    
    
    INDICATED (I)
    
    
    (M) + (I)
    
    
    INFERREDTons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)Based on attributable ounces
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)NORTH AMERICAGoldstrike Open Pit
    
    
    12,168
    
    
    
    0.054
    
    
    
    655
    
    
    
    8,016
    
    
    
    0.045
    
    
    
    358
    
    
    
    1,013
    
    
    
    489
    
    
    
    0.078
    
    
    
    38Goldstrike Underground
    
    
    1,185
    
    
    
    0.393
    
    
    
    466
    
    
    
    2,958
    
    
    
    0.316
    
    
    
    934
    
    
    
    1,400
    
    
    
    2,159
    
    
    
    0.301
    
    
    
    650Goldstrike Property Total
    
    
    13,353
    
    
    
    0.084
    
    
    
    1,121
    
    
    
    10,974
    
    
    
    0.118
    
    
    
    1,292
    
    
    
    2,413
    
    
    
    2,648
    
    
    
    0.260
    
    
    
    688Pueblo Viejo (60%)
    
    
    496
    
    
    
    0.085
    
    
    
    42
    
    
    
    15,820
    
    
    
    0.078
    
    
    
    1,238
    
    
    
    1,280
    
    
    
    32,528
    
    
    
    0.082
    
    
    
    2,674Cortez (60%)
    
    
    7,506
    
    
    
    0.038
    
    
    
    287
    
    
    
    19,174
    
    
    
    0.042
    
    
    
    800
    
    
    
    1,087
    
    
    
    3,925
    
    
    
    0.131
    
    
    
    516Bald Mountain
    
    
    15,037
    
    
    
    0.035
    
    
    
    527
    
    
    
    8,252
    
    
    
    0.036
    
    
    
    297
    
    
    
    824
    
    
    
    17,290
    
    
    
    0.023
    
    
    
    398Turquoise Ridge (75%)
    
    
    1,973
    
    
    
    0.430
    
    
    
    849
    
    
    
    1,628
    
    
    
    0.434
    
    
    
    707
    
    
    
    1,556
    
    
    
    1,471
    
    
    
    0.493
    
    
    
    725Round Mountain (50%)
    
    
    4,799
    
    
    
    0.021
    
    
    
    103
    
    
    
    8,268
    
    
    
    0.019
    
    
    
    160
    
    
    
    263
    
    
    
    16,449
    
    
    
    0.013
    
    
    
    216Ruby Hill
    
    
    190
    
    
    
    0.100
    
    
    
    19
    
    
    
    411
    
    
    
    0.083
    
    
    
    34
    
    
    
    53
    
    
    
    
    
    
    
    
    
    
    
    Hemlo (50%)
    
    
    1,461
    
    
    
    0.108
    
    
    
    158
    
    
    
    1,439
    
    
    
    0.114
    
    
    
    164
    
    
    
    322
    
    
    
    2,854
    
    
    
    0.142
    
    
    
    405Marigold (33%)
    
    
    12,683
    
    
    
    0.018
    
    
    
    222
    
    
    
    18,846
    
    
    
    0.018
    
    
    
    333
    
    
    
    555
    
    
    
    88,212
    
    
    
    0.011
    
    
    
    1,012Golden Sunlight
    
    
    952
    
    
    
    0.061
    
    
    
    58
    
    
    
    68
    
    
    
    0.044
    
    
    
    3
    
    
    
    61
    
    
    
    207
    
    
    
    0.130
    
    
    
    27Eskay Creek
    
    
    22
    
    
    
    0.636
    
    
    
    14
    
    
    
    14
    
    
    
    0.786
    
    
    
    11
    
    
    
    25
    
    
    
    56
    
    
    
    0.357
    
    
    
    20South Arturo (60%)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    12,644
    
    
    
    0.060
    
    
    
    754
    
    
    
    754
    
    
    
    786
    
    
    
    0.053
    
    
    
    42Donlin Creek (30%)
    
    
    4,296
    
    
    
    0.061
    
    
    
    260
    
    
    
    77,745
    
    
    
    0.073
    
    
    
    5,666
    
    
    
    5,926
    
    
    
    8,196
    
    
    
    0.058
    
    
    
    476SOUTH AMERICAPascua-Lama
    
    
    7,681
    
    
    
    0.048
    
    
    
    366
    
    
    
    68,147
    
    
    
    0.040
    
    
    
    2,733
    
    
    
    3,099
    
    
    
    12,949
    
    
    
    0.040
    
    
    
    513Veladero
    
    
    543
    
    
    
    0.020
    
    
    
    11
    
    
    
    4,636
    
    
    
    0.040
    
    
    
    184
    
    
    
    195
    
    
    
    5,051
    
    
    
    0.231
    
    
    
    1,165Lagunas Norte
    
    
    2,267
    
    
    
    0.034
    
    
    
    78
    
    
    
    82,847
    
    
    
    0.028
    
    
    
    2,316
    
    
    
    2,394
    
    
    
    37,639
    
    
    
    0.030
    
    
    
    1,135Pierina
    
    
    122
    
    
    
    0.033
    
    
    
    4
    
    
    
    378
    
    
    
    0.048
    
    
    
    18
    
    
    
    22
    
    
    
    76
    
    
    
    0.039
    
    
    
    3AUSTRALIA PACIFICPorgera (75%)
    
    
    17,083
    
    
    
    0.058
    
    
    
    997
    
    
    
    16,203
    
    
    
    0.047
    
    
    
    759
    
    
    
    1,756
    
    
    
    11,419
    
    
    
    0.081
    
    
    
    926Kalgoorlie (50%)
    
    
    2,649
    
    
    
    0.065
    
    
    
    172
    
    
    
    3,122
    
    
    
    0.069
    
    
    
    215
    
    
    
    387
    
    
    
    986
    
    
    
    0.193
    
    
    
    190Cowal
    
    
    805
    
    
    
    0.041
    
    
    
    33
    
    
    
    22,703
    
    
    
    0.036
    
    
    
    823
    
    
    
    856
    
    
    
    5,215
    
    
    
    0.029
    
    
    
    150Plutonic
    
    
    250
    
    
    
    0.220
    
    
    
    55
    
    
    
    19,458
    
    
    
    0.147
    
    
    
    2,858
    
    
    
    2,913
    
    
    
    6,729
    
    
    
    0.188
    
    
    
    1,263Kanowna
    
    
    2,746
    
    
    
    0.145
    
    
    
    397
    
    
    
    4,436
    
    
    
    0.115
    
    
    
    512
    
    
    
    909
    
    
    
    13,358
    
    
    
    0.117
    
    
    
    1,561Darlot
    
    
    479
    
    
    
    0.113
    
    
    
    54
    
    
    
    2,942
    
    
    
    0.110
    
    
    
    323
    
    
    
    377
    
    
    
    98
    
    
    
    0.184
    
    
    
    18Granny Smith
    
    
    181
    
    
    
    0.177
    
    
    
    32
    
    
    
    1,500
    
    
    
    0.063
    
    
    
    95
    
    
    
    127
    
    
    
    11,543
    
    
    
    0.195
    
    
    
    2,251Lawlers
    
    
    53
    
    
    
    0.113
    
    
    
    6
    
    
    
    7,453
    
    
    
    0.173
    
    
    
    1,287
    
    
    
    1,293
    
    
    
    761
    
    
    
    0.179
    
    
    
    136Henty
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    56
    
    
    
    0.196
    
    
    
    11
    
    
    
    11
    
    
    
    151
    
    
    
    0.245
    
    
    
    37Osborne
    
    
    2,271
    
    
    
    0.028
    
    
    
    64
    
    
    
    2,355
    
    
    
    0.027
    
    
    
    63
    
    
    
    127
    
    
    
    2,797
    
    
    
    0.019
    
    
    
    52Reko Diq (37.5%) (12)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    525,797
    
    
    
    0.007
    
    
    
    3,610
    
    
    
    3,610
    
    
    
    448,085
    
    
    
    0.010
    
    
    
    4,376AFRICABulyanhulu
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,202
    
    
    
    0.483
    
    
    
    580
    
    
    
    580
    
    
    
    7,355
    
    
    
    0.504
    
    
    
    3,708North Mara
    
    
    3,647
    
    
    
    0.096
    
    
    
    349
    
    
    
    3,578
    
    
    
    0.074
    
    
    
    265
    
    
    
    614
    
    
    
    1,134
    
    
    
    0.086
    
    
    
    97Buzwagi
    
    
    15
    
    
    
    0.067
    
    
    
    1
    
    
    
    7,204
    
    
    
    0.056
    
    
    
    406
    
    
    
    407
    
    
    
    1,153
    
    
    
    0.058
    
    
    
    67Tulawaka (70%)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    204
    
    
    
    0.505
    
    
    
    103
    
    
    
    103
    
    
    
    97
    
    
    
    0.082
    
    
    
    8OTHER
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    165
    
    
    
    0.400
    
    
    
    66
    
    
    
    66
    
    
    
    266
    
    
    
    0.301
    
    
    
    80TOTAL
    
    
    103,560
    
    
    
    0.061
    
    
    
    6,279
    
    
    
    949,669
    
    
    
    0.030
    
    
    
    28,686
    
    
    
    34,965
    
    
    
    741,484
    
    
    
    0.034
    
    
    
    24,935
 (1,2,3,5)
 As at December 31, 2006
    
    MEASURED (M)
    
    
    INDICATED (I)
    
    
    (M) + (I)
    
    
    INFERREDTons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)Based on attributable pounds
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)Zaldívar
    
    
    21,898
    
    
    
    0.470
    
    
    
    206
    
    
    
    60,262
    
    
    
    0.431
    
    
    
    520
    
    
    
    726
    
    
    
    69,119
    
    
    
    0.468
    
    
    
    647Osborne
    
    
    2,271
    
    
    
    2.356
    
    
    
    107
    
    
    
    2,355
    
    
    
    1.656
    
    
    
    78
    
    
    
    185
    
    
    
    2,797
    
    
    
    1.448
    
    
    
    81Reko Diq (37.5%)(12)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    525,797
    
    
    
    0.540
    
    
    
    5,675
    
    
    
    5,675
    
    
    
    448,085
    
    
    
    0.482
    
    
    
    4,319TOTAL
    
    
    24,169
    
    
    
    0.648
    
    
    
    313
    
    
    
    588,414
    
    
    
    0.533
    
    
    
    6,273
    
    
    
    6,586
    
    
    
    520,001
    
    
    
    0.485
    
    
    
    5,047
  23




---



##### 



(A)
 For the year ended Dec. 31, 2006
    
    IN PROVEN GOLD RESERVES
    
    
    IN PROBABLE GOLD RESERVES
    
    
    TOTALTons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Process(000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    recovery %NORTH AMERICAPueblo Viejo (60%)
    
    
    6,504
    
    
    
    0.59
    
    
    
    3,843
    
    
    
    105,890
    
    
    
    0.46
    
    
    
    48,794
    
    
    
    112,394
    
    
    
    0.47
    
    
    
    52,637
    
    
    
    85.0
    %Eskay Creek
    
    
    104
    
    
    
    38.66
    
    
    
    4,021
    
    
    
    32
    
    
    
    40.19
    
    
    
    1,286
    
    
    
    136
    
    
    
    39.02
    
    
    
    5,307
    
    
    
    89.7
    %SOUTH AMERICAPascua-Lama
    
    
    38,227
    
    
    
    1.90
    
    
    
    72,471
    
    
    
    352,758
    
    
    
    1.75
    
    
    
    616,850
    
    
    
    390,985
    
    
    
    1.76
    
    
    
    689,321
    
    
    
    78.5
    %Lagunas Norte
    
    
    10,853
    
    
    
    0.11
    
    
    
    1,175
    
    
    
    194,980
    
    
    
    0.10
    
    
    
    20,016
    
    
    
    205,833
    
    
    
    0.10
    
    
    
    21,191
    
    
    
    19.4
    %Veladero
    
    
    24,581
    
    
    
    0.46
    
    
    
    11,272
    
    
    
    346,982
    
    
    
    0.49
    
    
    
    170,322
    
    
    
    371,563
    
    
    
    0.49
    
    
    
    181,594
    
    
    
    6.7
    %Pierina
    
    
    13,784
    
    
    
    0.20
    
    
    
    2,690
    
    
    
    18,850
    
    
    
    0.16
    
    
    
    3,013
    
    
    
    32,634
    
    
    
    0.17
    
    
    
    5,703
    
    
    
    36.1
    %AFRICABulyanhulu
    
    
    1,325
    
    
    
    0.22
    
    
    
    289
    
    
    
    29,131
    
    
    
    0.27
    
    
    
    7,896
    
    
    
    30,456
    
    
    
    0.27
    
    
    
    8,185
    
    
    
    65.0
    %TOTAL
    
    
    95,378
    
    
    
    1.00
    
    
    
    95,761
    
    
    
    1,048,623
    
    
    
    0.83
    
    
    
    868,177
    
    
    
    1,144,001
    
    
    
    0.84
    
    
    
    963,938
    
    
    
    63.7
    %
 (A)
    
    Silver is accounted for as a by-product credit against reported or projected
gold production costs. (A)
 For the year ended Dec. 31, 2006
    
    IN PROVEN GOLD RESERVES
    
    
    IN PROBABLE GOLD RESERVES
    
    
    TOTALTons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Process(000s)
    
    
    (%)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    recovery %NORTH AMERICAPueblo Viejo (60%)(7)
    
    
    6,504
    
    
    
    0.111
    
    
    
    14
    
    
    
    105,890
    
    
    
    0.095
    
    
    
    200
    
    
    
    112,394
    
    
    
    0.096
    
    
    
    215
    
    
    
    88.1
    %SOUTH AMERICAPascua-Lama
    
    
    38,227
    
    
    
    0.093
    
    
    
    71
    
    
    
    352,758
    
    
    
    0.070
    
    
    
    494
    
    
    
    390,985
    
    
    
    0.072
    
    
    
    565
    
    
    
    56.0
    %AFRICABuzwagi(7)
    
    
    95
    
    
    
    0.153
    
    
    
    0.3
    
    
    
    45,073
    
    
    
    0.131
    
    
    
    118
    
    
    
    45,168
    
    
    
    0.131
    
    
    
    119
    
    
    
    77.6
    %Bulyanhulu
    
    
    1,325
    
    
    
    0.426
    
    
    
    11
    
    
    
    29,131
    
    
    
    0.580
    
    
    
    338
    
    
    
    30,456
    
    
    
    0.574
    
    
    
    349
    
    
    
    85.0
    %TOTAL
    
    
    46,151
    
    
    
    0.105
    
    
    
    97
    
    
    
    532,852
    
    
    
    0.108
    
    
    
    1,151
    
    
    
    579,003
    
    
    
    0.108
    
    
    
    1,248
    
    
    
    71.7
    %
 (A)
    
    Copper is accounted for as a by-product credit against reported or projected gold production costs.  For the year ended Dec. 31, 2006
    
    MEASURED (M)
    
    
    INDICATED (I)
    
    
    (M) + (I)
    
    
    INFERREDTons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)
    
    
    Ounces(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Ounces(9)Based on attributable ounces
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)
    
    
    (000s)
    
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)NORTH AMERICAEskay Creek
    
    
    22
    
    
    
    30.41
    
    
    
    669
    
    
    
    14
    
    
    
    45.36
    
    
    
    635
    
    
    
    1,304
    
    
    
    56
    
    
    
    8.57
    
    
    
    480Pueblo Viejo (60%)
    
    
    496
    
    
    
    0.37
    
    
    
    183
    
    
    
    15,820
    
    
    
    0.28
    
    
    
    4,363
    
    
    
    4,546
    
    
    
    32,528
    
    
    
    0.12
    
    
    
    3,981SOUTH AMERICALagunas Norte
    
    
    808
    
    
    
    0.16
    
    
    
    126
    
    
    
    16,817
    
    
    
    0.12
    
    
    
    2,027
    
    
    
    2,153
    
    
    
    767
    
    
    
    0.09
    
    
    
    70Pascua-Lama
    
    
    7,681
    
    
    
    0.49
    
    
    
    3,793
    
    
    
    68,147
    
    
    
    0.52
    
    
    
    35,685
    
    
    
    39,478
    
    
    
    12,949
    
    
    
    0.87
    
    
    
    11,242Pierina
    
    
    122
    
    
    
    0.27
    
    
    
    33
    
    
    
    378
    
    
    
    0.24
    
    
    
    89
    
    
    
    122
    
    
    
    76
    
    
    
    0.08
    
    
    
    6Veladero
    
    
    543
    
    
    
    0.17
    
    
    
    91
    
    
    
    4,636
    
    
    
    0.06
    
    
    
    259
    
    
    
    350
    
    
    
    5,051
    
    
    
    7.32
    
    
    
    36,983AFRICABulyanhulu
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    1,202
    
    
    
    0.30
    
    
    
    366
    
    
    
    366
    
    
    
    7,355
    
    
    
    0.50
    
    
    
    3,708TOTAL
    
    
    9,672
    
    
    
    0.51
    
    
    
    4,895
    
    
    
    107,014
    
    
    
    0.41
    
    
    
    43,424
    
    
    
    48,319
    
    
    
    58,782
    
    
    
    0.96
    
    
    
    56,470
  For the year ended Dec. 31, 2006
    
    IN MEASURED (M) GOLD RESOURES
    
    
    IN INDICATED (I) GOLD RESOURCES
    
    
    (M) + (I)
    
    
    INFERREDBased on
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)
    
    
    Contained lbs(9)
    
    
    Tons
    
    
    Grade(8)
    
    
    Contained lbs(9)attributable ounces
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)
    
    
    (millions)
    
    
    (000s)
    
    
    (%)
    
    
    (millions)NORTH AMERICAPueblo Viejo (60%)
    
    
    496
    
    
    
    0.058
    
    
    
    0.6
    
    
    
    15,820
    
    
    
    0.053
    
    
    
    17
    
    
    
    17
    
    
    
    32,528
    
    
    
    0.031
    
    
    
    20SOUTH AMERICAPascua-Lama
    
    
    7,681
    
    
    
    0.070
    
    
    
    10.8
    
    
    
    68,147
    
    
    
    0.072
    
    
    
    99
    
    
    
    109
    
    
    
    12,949
    
    
    
    0.026
    
    
    
    6.8AFRICABuzwagi
    
    
    15
    
    
    
    0.223
    
    
    
    0.1
    
    
    
    7,204
    
    
    
    0.162
    
    
    
    23
    
    
    
    23
    
    
    
    1,153
    
    
    
    0.251
    
    
    
    6TOTAL
    
    
    8,192
    
    
    
    0.070
    
    
    
    11.5
    
    
    
    91,171
    
    
    
    0.076
    
    
    
    139
    
    
    
    150
    
    
    
    46,630
    
    
    
    0.035
    
    
    
    33
  24




---



##### 



Reconciliation of Mineral Reserves (1,7,10,11)
  Gold
    
    Barrick Mineral Reserves
    
    Placer Dome Mineral Reserves
    
    Processed in
    
    Increase
    
    Mineral ReservesProperty (000s of ounces) (9)
    
    12/31/2005 (6)
    
    12/31/2005 (6)
    
    2006
    
    (decrease)
    
    12/31/2006 (4)NORTH AMERICAGoldstrike Open Pit
    
    
    14,603
    
    
    
    
    
    
    
    1,597
    
    
    
    116
    
    
    
    13,122Goldstrike Underground
    
    
    2,773
    
    
    
    
    
    
    
    531
    
    
    
    592
    
    
    
    2,834Goldstrike Property Total
    
    
    17,376
    
    
    
    
    
    
    
    2,128
    
    
    
    708
    
    
    
    15,956Pueblo Viejo (60%)(7)
    
    
    
    
    
    
    8,049
    
    
    
    0
    
    
    
    2,824
    
    
    
    10,873Cortez (60%)(7)
    
    
    
    
    
    
    6,326
    
    
    
    329
    
    
    
    694
    
    
    
    6,691Bald Mountain
    
    
    
    
    
    
    3,390
    
    
    
    393
    
    
    
    460
    
    
    
    3,457Turquoise Ridge (75%)
    
    
    
    
    
    
    3,304
    
    
    
    182
    
    
    
    321
    
    
    
    3,443Round Mountain (50%)
    
    
    2,338
    
    
    
    
    
    
    
    407
    
    
    
    21
    
    
    
    1,952Ruby Hill
    
    
    1,011
    
    
    
    
    
    
    
    0
    
    
    
    69
    
    
    
    1,080Hemlo (50%)
    
    
    944
    
    
    
    
    
    
    
    217
    
    
    
    (9
    )
    
    
    718Marigold (33%)
    
    
    689
    
    
    
    
    
    
    
    17
    
    
    
    36
    
    
    
    708Golden Sunlight
    
    
    
    
    
    
    597
    
    
    
    130
    
    
    
    (91
    )
    
    
    376Eskay Creek
    
    
    217
    
    
    
    
    
    
    
    132
    
    
    
    18
    
    
    
    103South Arturo
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Donlin Creek (30%)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    SOUTH AMERICAPascua-Lama
    
    
    18,349
    
    
    
    
    
    
    
    0
    
    
    
    (1,361
    )
    
    
    16,988Veladero
    
    
    12,641
    
    
    
    
    
    
    
    890
    
    
    
    (383
    )
    
    
    11,368Lagunas Norte
    
    
    8,266
    
    
    
    
    
    
    
    1,411
    
    
    
    1,949
    
    
    
    8,804Pierina
    
    
    1,916
    
    
    
    
    
    
    
    579
    
    
    
    (128
    )
    
    
    1,209AUSTRALIA PACIFICPorgera (75%)
    
    
    
    
    
    
    6,076
    
    
    
    435
    
    
    
    1,426
    
    
    
    7,067Kalgoorlie (50%)
    
    
    4,894
    
    
    
    
    
    
    
    399
    
    
    
    595
    
    
    
    5,090Cowal
    
    
    2,495
    
    
    
    
    
    
    
    142
    
    
    
    834
    
    
    
    3,187Plutonic
    
    
    2,399
    
    
    
    
    
    
    
    261
    
    
    
    109
    
    
    
    2,247Kanowna
    
    
    
    
    
    
    2,439
    
    
    
    504
    
    
    
    (11
    )
    
    
    1,924Darlot
    
    
    914
    
    
    
    
    
    
    
    142
    
    
    
    (4
    )
    
    
    768Granny Smith
    
    
    
    
    
    
    668
    
    
    
    322
    
    
    
    344
    
    
    
    690Lawlers
    
    
    472
    
    
    
    
    
    
    
    117
    
    
    
    71
    
    
    
    426Henty
    
    
    
    
    
    
    166
    
    
    
    72
    
    
    
    103
    
    
    
    197Osborne
    
    
    
    
    
    
    161
    
    
    
    42
    
    
    
    36
    
    
    
    155Reko Diq (37.5%) (12)
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    AFRICABulyanhulu
    
    
    10,732
    
    
    
    
    
    
    
    377
    
    
    
    830
    
    
    
    11,185North Mara
    
    
    
    
    
    
    4,296
    
    
    
    407
    
    
    
    (613
    )
    
    
    3,276Buzwagi(7)
    
    
    2,403
    
    
    
    
    
    
    
    0
    
    
    
    237
    
    
    
    2,640Tulawaka (70%)
    
    
    377
    
    
    
    
    
    
    
    103
    
    
    
    56
    
    
    
    330OTHER (3)
    
    
    158
    
    
    
    
    
    
    
    0
    
    
    
    0
    
    
    
    158TOTAL
    
    
    88,591
    
    
    
    35,472
    
    
    
    10,138
    
    
    
    9,141
    
    
    
    123,066
 Copper
    
    Barrick Mineral Reserves
    
    Placer Mineral Reserves
    
    Processed in
    
    Increase
    
    Mineral ReservesProperty (million pounds) (9)
    
    12/31/2005 (6)
    
    12/31/2005 (6)
    
    2006
    
    (decrease)
    
    12/31/2006 (4)Zaldivar
    
    
    
    
    
    
    5,854
    
    
    
    419
    
    
    
    255
    
    
    
    5,690Osbone
    
    
    
    
    
    
    292
    
    
    
    65
    
    
    
    89
    
    
    
    316TOTAL
    
    
    
    
    
    
    6,146
    
    
    
    484
    
    
    
    344
    
    
    
    6,006
 25




---



##### 



Notes to the Mineral Reserves, Resources and Reconciliation Tables
 (1)
    
    Reflects Barricks ownership share where ownership interest is less than 100%.(2)
    
    These mineral resources are in addition to mineral reserves. Mineral resources that are not
mineral reserves do not have demonstrated economic viability when calculated using mineral reserve
assumptions.(3)
    
    Mineral reserves and resources have been calculated as at December 31, 2006.(4)
    
    Mineral reserves have been calculated as at December 31, 2006 using an assumed gold price of
$475 (A$640) per ounce, a silver price of $8.50 per ounce, a copper price of $1.50 per pound and
exchange rates of $1.21 C$/$U.S. and $0.74 $U.S./A$. Reserves at the Kalgoorlie property assumed a
gold price of $500 (A$675) per ounce. Copper reserves at the Osborne property assumed a copper
price of $1.75 per pound. Reserve calculations incorporate current and/or expected mine plans and
cost levels at each property.(5)
    
    Resources as at December 31, 2006 have been estimated using varying cut-off grades, depending
on both the type of mine, its maturity and ore type at each property. An assumed gold price of
$525 (A$710) per ounce, a silver price of $9.00 per ounce and a copper price of $1.75 per pound
have been used in estimating resources. Copper resources at the Osborne property assumed a copper
price of $2.00 per pound.(6)
    
    Barricks mineral reserves have been calculated as at December 31, 2005 using an assumed gold
price of $400 (A$560) per ounce, a silver price of $6.25 per ounce and an exchange rate of $1.30
C$/$U.S. and $0.72 $U.S./A$. Reserves at the Hemlo and Eskay Creek properties assumed a gold
price of $425 per ounce. Reserves at the Hemlo property assumed an exchange rate of $1.20 C$/$U.S.
Reserve calculations incorporate current and/or expected mine plans and cost levels at each
property. For information on reserves and resources as at December 31, 2005 announced by Placer
Dome, see Placer Domes press release of February 20, 2006.(7)
    
    Mineral reserves have been calculated in accordance with National Instrument 43-101,
as required by Canadian securities regulatory authorities. For United States reporting purposes,
Industry Guide 7 (under the Securities Exchange Act of 1934), as interpreted by Staff of the SEC,
applies different standards in order to classify mineralization as a reserve. For U.S. reporting
purposes, as at December 31, 2006, 1.88 million ounces of Cortez reserves and the mineralization at
the Pueblo Viejo and Buzwagi projects were classified as mineralized material. In addition, while
the terms measured, indicated and inferred mineral resources are required pursuant to
National Instrument 43-101, the SEC does not recognize such terms. Canadian standards differ
significantly from the requirements of the SEC, and mineral resource information contained herein
is not comparable to similar information regarding mineral reserves disclosed in accordance with
the requirements of the SEC. Investors should understand that inferred mineral resources have a
great amount of uncertainty as to their existence and great uncertainty as to their economic and
legal feasibility. In addition, investors are cautioned not to assume that any part or all of
Barricks mineral resources constitute or will be converted into reserves.(8)
    
    Grade represents an average, weighted by reference to tons of ore type where several
recovery processes apply.(9)
    
    Ounces or pounds, as applicable, estimated to be present in the tons of ore which would be
mined and processed. Mill recovery rates have not been applied in calculating the contained ounces
or pounds.
 - 26 -




---



##### 



(10)
    
    Reserves as at December 31, 2006 include stockpile material totalling approximately 100
million tons, containing approximately 6.9 million ounces. Properties at which stockpile material
represents more than 5% of the reported reserves are as follows:
 ContainedTons
    
    
    Grade
    
    
    OuncesProperty
    
    (000s)
    
    
    (oz/ton)
    
    
    (000s)Tulawaka
    
    
    259
    
    
    
    0.116
    
    
    
    30Kalgoorlie
    
    
    13,088
    
    
    
    0.032
    
    
    
    418Lawlers
    
    
    327
    
    
    
    0.070
    
    
    
    23Granny Smith
    
    
    3,674
    
    
    
    0.035
    
    
    
    129Porgera
    
    
    19,726
    
    
    
    0.071
    
    
    
    1,405Eskay Creek
    
    
    42
    
    
    
    0.333
    
    
    
    14Goldstrike
    
    
    39,221
    
    
    
    0.095
    
    
    
    3,736Round Mountain
    
    
    5,668
    
    
    
    0.021
    
    
    
    118
 (11)
    
    The metallurgical recovery applicable at each property and the cut-off grades used to
determine reserves as at December 31, 2006 are as follows:
 MetallurgicalRecovery
    
    Cut-off GradeMine
    
    (%)
    
    (oz/ton)Goldstrike PropertyOpen Pit
    
    
    83.9
    
    
    
    0.050-0.070Underground
    
    
    89.9
    
    
    
    0.293Pueblo Viejo
    
    
    89.8
    
    
    
    0.050-0.076Cortez
    
    
    78.5
    
    
    
    0.005-0.302Bald Mountain
    
    
    74.3
    
    
    
    0.008-0.012Turquoise Ridge
    
    
    90.3
    
    
    
    0.320-0.363Round Mountain
    
    
    70.0
    
    
    
    0.007-0.028Ruby Hill
    
    
    74.7
    
    
    
    0.008-0.010Hemlo PropertyDavid Bell
    
    
    93.0
    
    
    
    0.213Williams
    
    
    92.9
    
    
    
    0.024-0.167Marigold
    
    
    72.0
    
    
    
    0.008Golden Sunlight
    
    
    79.0
    
    
    
    0.033-0.100Eskay Creek
    
    
    82.3
    
    
    
    0.925Pascua-Lama
    
    
    82.5
    
    
    
    0.024-0.090Veladero
    
    
    73.1
    
    
    
    0.017-0.022Lagunas Norte
    
    
    63.5
    
    
    
    0.011-0.027Pierina
    
    
    82.4
    
    
    
    0.011-0.013Porgera
    
    
    87.2
    
    
    
    0.038-0.146Kalgoorlie
    
    
    86.0
    
    
    
    0.026Cowal
    
    
    80.0
    
    
    
    0.015-0.017Plutonic
    
    
    90.1
    
    
    
    0.011-0.117Kanowna
    
    
    90.9
    
    
    
    0.026-0.219Darlot
    
    
    96.0
    
    
    
    0.058-0.112Granny Smith
    
    
    89.0
    
    
    
    0.097
 - 27 -




---



##### 



MetallurgicalRecovery
    
    Cut-off GradeMine
    
    (%)
    
    (oz/ton)Lawlers
    
    
    95.2
    
    
    
    0.109Henty
    
    
    93.6
    
    
    
    0.191Osborne (Gold)
    
    
    69.3
    
    
    
    n/aBulyanhulu
    
    
    92.0
    
    
    
    0.219-0.241North Mara
    
    
    89.93
    
    
    
    0.035-0.038Buzwagi
    
    
    93.8
    
    
    
    0.025Tulawaka
    
    
    94.61
    
    
    
    0.047-0.104
 MetallurgicalRecovery
    
    Cut-off GradeMine
    
    (%)
    
    (%)Zaldívar
    
    
    70.3
    
    
    
    0.214Osborne (Copper)
    
    
    89.7
    
    
    
    1.22
 (12)
    
    Gold and copper resource estimates for Reko Diq have been prepared by employees and
consultants of Tethyan Copper Company Limited (Tethyan) in accordance with the JORC Code. For
additional information related to Reko Diq resources reported by Tethyan, including related
assumptions, see Tethyans press release dated January 11, 2006 and its 2005 Fourth Quarter Report.
Such resource estimates have been reviewed by Jacques McMullen, Vice President, Metallurgy and
Process Development of Barrick, Rick Allan, Director  Engineering and Mining Support of Barrick,
and Rick Sims, Manager Corporate Reserves of Barrick. The inferred and indicated mineral resource
amounts reported under the JORC Code are substantially similar to the inferred and indicated
mineral resource amounts that would be reported in accordance with National Instrument 43-101.
 Marketing and Distribution
 Gold
    - 28 -




---



##### 



Copper
    Employees and Labour Relations
   Competition
   - 29 -




---



##### 



REGIONAL BUSINESS UNITS
  North America
 Operating Properties
  Goldstrike Property
 General Information
   - 30 -




---



##### 



Geology
   Processing
  - 31 -




---



##### 



Environment
   Exploration
  Goldstrike Open Pit Mine
  Geology
  - 32 -




---



##### 



Drilling and Analysis
    Royalties
  Production Information
  Year ended
    
    Year endedDecember 31, 2006
    
    December 31, 2005Tons mined (000s)
    
    
    131,229
    
    
    
    129,833Tons of ore processed (000s)
    
    
    10,507
    
    
    
    10,097Average grade processed (ounces per ton)
    
    
    0.152
    
    
    
    0.175Recovery rate (%)
    
    
    86.9
    
    
    
    85.6Ounces of gold produced (000s)
    
    
    1,388
    
    
    
    1,514Average total cash costs per ounce1
    
    $
    289
    
    
    $
    235
 
 1.
    
    For an explanation of total cash costs per ounce, refer to Narrative Description
of the Business  Production and Total Cash Costs. Goldstrike Underground Mine
  - 33 -




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##### 



Geology
  Drilling and Analysis
    - 34 -




---



##### 



Royalties
  Production Information
  Year ended
    
    Year endedDecember 31, 2006
    
    December 31, 2005Tons mined (000s)
    
    
    1,420
    
    
    
    1,463Tons of ore processed (000s)
    
    
    1,425
    
    
    
    1,488Average grade processed (ounces per ton)
    
    
    0.373
    
    
    
    0.381Recovery rate (%)
    
    
    89.8
    
    
    
    89.9Ounces of gold produced (000s)
    
    
    477
    
    
    
    510Average total cash costs per ounce1
    
    $
    351
    
    
    $
    314
 
 1.
    
    For an explanation of total cash costs per ounce, refer to Narrative Description of the
Business  Production and Total Cash Costs. - 35 -




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##### 



Australia Pacific
  Africa
  - 36 -




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##### 



South America
  Lagunas Norte Mine
 General Information
      Geology
  - 37 -




---



##### 



Mining and Processing
   Environment
  Exploration, Drilling and Analysis
  - 38 -




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##### 



Royalties
  Financing
   Production Information
  - 39 -




---



##### 



Year ended
    
    Year endedDecember 31, 2006
    
    December 31, 20051Tons mined (000s)
    
    27,353
    
    23,653Tons of ore processed (000s)
    
    21,437
    
    14,269Average grade processed (ounces per ton)
    
    0.066
    
    0.060Ounces of gold produced (000s)
    
    1,084
    
    550Average total cash costs per ounce2
    
    $100
    
    $110
 
 1.
    
    Lagunas Norte began production in the second quarter of 2005.2.
    
    For an explanation of total cash costs per ounce, refer to Narrative Description of the
Business  Production and Total Cash Costs.  
 - 40 -




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##### 



Veladero Mine
 General Information
       Geology
  - 41 -




---



##### 



Mining and Processing
  Environment
    - 42 -




---



##### 



Exploration, Drilling and Analysis
       Royalties
  Production Information
  - 43 -




---



##### 



Year ended
    
    Year endedDecember 31, 2006
    
    December 31, 20051Tons mined (000s)
    
    
    81,996
    
    
    
    63,514Tons of ore processed (000s)
    
    
    15,070
    
    
    
    4,513Average grade processed (ounces per ton)
    
    
    0.059
    
    
    
    0.022Ounces of gold produced (000s)
    
    
    511
    
    
    
    56Average total cash costs per ounce2
    
    
    $168
    
    
    
    n/a
 
 1.
    
    Veladero completed its first gold pour in 2005.2.
    
    For an explanation of total cash costs per ounce, refer to Narrative Description of the
Business  Production and Total Cash Costs. Pledge of Assets
   
 - 44 -




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##### 



Zaldívar Mine
 General Information
    Geology
   - 45 -




---



##### 



Mining and Processing
       - 46 -




---



##### 



Environment
    Exploration, Drilling and Analysis
    Royalties
  - 47 -




---



##### 



Production Information
  Year ended
    
    Year endedDecember 31, 20061
    
    December 31, 20053Tons mined (000s)
    
    
    82,678
    
    
    n/aTons of ore processed (000s)
    
    
    26,404
    
    
    n/aAverage grade processed (% of TCu)
    
    
    0.92
    
    
    n/aPounds of copper produced (000,000s)
    
    
    308
    
    
    n/aAverage total cash costs per pound2
    
    $
    0.62
    
    
    n/a
 
 1.
    
    Barricks share of the acquired Placer Dome mines production and costs per ounce/pound
reflect the results from January 20, 2006.2.
    
    For an explanation of total cash costs per pound,
refer to Narrative Description of the Business  Production and Total Cash Costs.3.
    
    The 2005 comparative period for copper has been omitted as Barrick did not produce any
significant amount of copper prior to the production from the copper mines acquired with
Placer Dome. 
 - 48 -




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##### 



Projects
 Pascua-Lama Project
 General Information
   - 49 -




---



##### 



Geology
    Development
  - 50 -




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##### 



- 51 -




---



##### 



Environment
  Exploration, Drilling and Analysis
   Royalties
  - 52 -




---



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EXPLORATION, DEVELOPMENT AND BUSINESS DEVELOPMENT
    - 53 -




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- 54 -




---



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- 55 -




---



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- 56 -




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ENVIRONMENT AND CLOSURE
         - 57 -




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##### 



FINANCIAL RISK-MANAGEMENT
 Forward Sales Program
  - 58 -




---



##### 



- 59 -




---



##### 



Project Gold Sales Contracts
  Corporate Gold Sales Contracts
    Placer Dome Gold Hedge Position
  Currency, Interest Rate and Other Commodity Hedge Programs
  - 60 -




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Oversight and Control Over Risk-Management Activities
    - 61 -




---



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LEGAL MATTERS
 Government Controls and Regulations
       - 62 -




---



##### 



Litigation
  Wagner Complaint
  Wilcox Complaint
  - 63 -




---



##### 



Cowal
Mine
  Marinduque Complaint
  forum non conveniens
 Calancan Bay Complaint
  - 64 -




---



##### 



Pakistani Constitutional Litigation
    NovaGold Litigation
    - 65 -




---



##### 



General
  RISK FACTORS
  Metal price volatility
    Replacement of depleted reserves
  - 66 -




---



##### 



Projects
   Mineral reserves and resources
   - 67 -




---



##### 



Price volatility and availability of other commodities
  Mining risks and insurance risks
   - 68 -




---



##### 



Production and cost estimates
   Environmental, health and safety regulations; permits
    - 69 -




---



##### 



Foreign investments and operations
     - 70 -




---



##### 



Government regulation and changes in legislation
  Currency fluctuations
  Use of derivatives
  - 71 -




---



##### 



Title to properties
  Competition
  Acquisitions and integration
  Investment returns for defined benefit pension plans
  - 72 -




---



##### 



Employee relations
  Joint ventures
  Litigation
  Internal controls
  Level of indebtedness
  
    
    Barrick may need to use a large portion of its cash flow to repay principal and pay
interest on its debt, which will reduce the amount of funds available to finance its
operations and other business activities; and
    
    Barricks debt level may limit its ability to pursue other business opportunities,
borrow money for operations or capital expenditures in the future or implement its
business strategy.
  - 73 -




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##### 



Interest rates and gold lease rates
  Shortages of critical parts, equipment and skilled labor
  Ability to support the carrying value of goodwill
  MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
 www.sedar.com www.sec.gov
 CONSOLIDATED FINANCIAL STATEMENTS
  - 74 -




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##### 



www.sedar.com www.sec.gov
 CAPITAL STRUCTURE
 Business Corporations Act
 General
  Common Shares
   Business
Corporations Act
 Preferred Shares
    - 75 -




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##### 



- 76 -




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- 77 -




---



##### 



RATINGS
  Rating AgencyMoodys Investors
    
    Standard & Poors
    
    Dominion BondService
    
    Ratings Services
    
    Rating ServiceSenior Unsecured Debt
    
    Baa1
    
    
    A-
    
    
    
    AMunicipal bonds, due 2029(1)
    
    Aa1/VMIG1
    
    AAA/A-1+
    
    Not RatedMunicipal bonds, due 2032(1)
    
    Aa2/P-1
    
    Not Rated
    
    Not Rated
 
 1.
    
    Barrick, through two wholly-owned subsidiaries, issued a total of $63 million of tax
exempt, variable rate, solid waste disposal bonds. The bonds are guaranteed by Barrick and
no principal payments are required until cancellation, redemption or maturity.
A portion of such bonds mature in 2029, with the remainder maturing in 2032.     - 78 -




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##### 



- 79 -




---



##### 



MARKET FOR SECURITIES
  Toronto Stock Exchange

    
    

    
    
    
    New York Stock ExchangeShare Price Trading
    
    
    
    
    
    
    Share Price TradingRange
    
    Share Volume
    
    
    Range
    
    Share VolumeHigh
    
    Low
    
    
    
    
    
    
    High
    
    Low2006
    
    (C$ per share)
    
    (millions)
    
    
    ($ per share)
    
    (millions)January
    
    
    35.70
    
    
    
    33.30
    
    
    
    81.4
    
    
    
    
    31.46
    
    
    
    28.82
    
    
    
    93.4February
    
    
    35.35
    
    
    
    31.05
    
    
    
    64.7
    
    
    
    
    30.98
    
    
    
    27.36
    
    
    
    66.6March
    
    
    32.08
    
    
    
    29.86
    
    
    
    69.6
    
    
    
    
    28.18
    
    
    
    25.65
    
    
    
    73.9April
    
    
    35.32
    
    
    
    32.47
    
    
    
    49.9
    
    
    
    
    31.11
    
    
    
    27.74
    
    
    
    65.3May
    
    
    38.65
    
    
    
    33.60
    
    
    
    71.9
    
    
    
    
    35.23
    
    
    
    30.06
    
    
    
    102.2June
    
    
    33.83
    
    
    
    29.95
    
    
    
    58.4
    
    
    
    
    30.69
    
    
    
    26.89
    
    
    
    70.2July
    
    
    34.74
    
    
    
    32.11
    
    
    
    40.4
    
    
    
    
    30.80
    
    
    
    28.28
    
    
    
    52.7August
    
    
    37.34
    
    
    
    34.35
    
    
    
    52.6
    
    
    
    
    33.48
    
    
    
    30.51
    
    
    
    57.1September
    
    
    37.78
    
    
    
    31.78
    
    
    
    53.5
    
    
    
    
    34.04
    
    
    
    28.35
    
    
    
    66.4October
    
    
    34.75
    
    
    
    31.96
    
    
    
    51.4
    
    
    
    
    31.00
    
    
    
    28.41
    
    
    
    65.8November
    
    
    35.76
    
    
    
    32.53
    
    
    
    68.6
    
    
    
    
    31.44
    
    
    
    28.34
    
    
    
    67.4December
    
    
    35.90
    
    
    
    34.36
    
    
    
    36.9
    
    
    
    
    31.50
    
    
    
    29.90
    
    
    
    45.3
 MATERIAL CONTRACTS
      - 80 -




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##### 



TRANSFER AGENTS AND REGISTRARS
  DIVIDEND POLICY
  DIRECTORS AND OFFICERS OF THE COMPANY
 www.sedar.com www.sec.gov
 - 81 -




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##### 



Companies Creditors Arrangement Act Companies Creditors Arrangement Act
 Executive Officers of the Company
  Name (age) and municipality of
    
    Officeresidence
    
    (date became an Officer)
    
    Principal occupations during past 5 yearsPeter Munk (79)
Toronto, Ontario 
Canada
    
    Chairman and Director(1984)
    
    Chairman of the Company; Chairman of
Trizec Properties, Inc. (real estate) and
Chairman and Chief Executive Officer,
Trizec
Canada Inc. (real estate); prior to May
2002,
Chairman, TrizecHahn Corporation (real
estate).C. William D. Birchall (64)
Toronto, Ontario
Canada
    
    Vice Chairman and
Director(2005)
    
    Vice Chairman of the Company; prior to July
2005, Chief Executive Officer of ABX
Financeco Inc., a Barrick subsidiary;
prior to
January 2005, Chairman of Barrick
International Bank Corp., a Barrick
subsidiary.Gregory C. Wilkins (51)
Toronto, OntarioCanada
    
    President and Chief
Executive
Officer (2003)and
Director(1991)
    
    President and Chief Executive Officer of
the
Company; prior to February 2003, Corporate
Director of the Company; prior to May 2002,
Vice-Chairman, TrizecHahn Corporation (real
estate); prior to March 2001, President and
Chief Operating Officer, TrizecHahn
Corporation.Alexander J. Davidson (55)
Toronto, Ontario
Canada
    
    Executive Vice President,
Exploration and Corporate
Development (1993)
    
    Executive Vice President, Exploration and
Corporate Development of the Company;
prior to March 2005, Executive Vice
President, Exploration of the Company;
prior
to May 2003, Senior Vice President,
Exploration of the Company.
 - 82 -




---



##### 



Name (age) and municipality of
    
    Officeresidence
    
    (date became an Officer)
    
    Principal occupations during past 5 yearsGordon Fife (48)
Newmarket, Ontario 
Canada
    
    Executive Vice President,
Organization Effectiveness(2002)
    
    Executive Vice President, Organization
Effectiveness of the Company; prior to May
2006, Senior Vice President, Organization
Effectiveness of the Company; prior to
February 2004, Vice President,
Organizational Effectiveness of the
Company.Patrick J. Garver (55)
Toronto, Ontario
Canada
    
    Executive Vice President
and 
General Counsel (1993)
    
    Executive Vice President and General
Counsel of the Company.Peter J. Kinver (51)
Toronto, Ontario
Canada
    
    Executive Vice President
and
Chief Operating Officer
(2003)
    
    Executive Vice President and Chief
Operating
Officer of the Company; prior to February
2004, Executive Vice President, Operations
of the Company; prior to August 2003,
Divisional Director, Western Division,
Anglo
American Platinum plc (platinum mining).Jamie C. Sokalsky (49)
Toronto, Ontario
Canada
    
    Executive Vice President
and 
Chief Financial Officer
(1993)
    
    Executive Vice President and Chief
Financial
Officer of the Company; prior to April
2004,
Senior Vice President and Chief Financial
Officer of the Company.Gregory A. Lang (52)
Sandy, Utah 
U.S.A.
    
    President, North America(2001)
    
    President, North America of the Company;
prior to September 2005, Vice President
North America Operations of the Company;
prior to February 2004, Vice President,
Australian Operations of the Company;
prior
to December 2001, Vice President,
Australia,
Homestake Mining Company (gold mining).Igor Gonzales (52)
La Molina, Lima, Peru
    
    President, South America(2004)
    
    President, South America of the Company;
prior to September 2005, Vice President,
Peru
of the Company; prior to February 2004,
Vice
President and General Manager, Pierina
mine,
of the Company.Joc ORourke (46)
Perth, Australia
    
    President,
Australia-Pacific
(2006)
    
    President, Australia Pacific of the
Company;
prior to May 2006, Executive General
Manager, Australia for Placer Dome; prior
to
January 2005, General Manager WA
Operations, at Iluka Resources Limited;
prior
to August 2003, General Manager,
Operations
at Minara Resources Ltd.
 - 83 -




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##### 



AUDIT COMMITTEE
 Audit Committee Mandate
 Purpose
   Committee Responsibilities
   (a)
    
    retaining and terminating, and/or making recommendations to the Board of
Directors and the shareholders with respect to the retention or termination of, an
external auditing firm to conduct review engagements on a quarterly basis and an
annual audit of the Companys financial statements;(b)
    
    communicating to the external auditors that they are ultimately accountable to
the Board and the Committee as representatives of the shareholders;(c)
    
    obtaining and reviewing an annual report prepared by the external auditors
describing: the firms internal quality-control procedures; any material issues raised
by the most recent internal quality-control review, or peer review, of the firm, or by
any inquiry or investigation by governmental or professional authorities, within the
preceding five years, respecting one or more independent audits carried out by the
firm, and any steps taken to deal with any such issues;(d)
    
    evaluating the independence of the external auditor and any potential
conflicts of interest and (to assess the auditors independence) all relationships
between the external auditors and the Company, including obtaining and reviewing an
annual report prepared by the external auditors describing all relationships between
the external auditors and the Company;(e)
    
    approving, or recommending to the Board of Directors for approval, all audit
engagement fees and terms, as well as all non-audit engagements of the external
auditors prior to the commencement of the engagement;
 - 84 -




---



##### 



(f)
    
    reviewing with the external auditors the plan and scope of the quarterly review and annual
audit engagements;(g)
    
    setting hiring policies with respect to the employment of current or former employees of the
external auditors;
  (h)
    
    reviewing, discussing and recommending to the Board for approval the annual audited
financial statements and related managements discussion and analysis of financial and
operating results prior to filing with securities regulatory authorities and delivery to
shareholders;(i)
    
    reviewing and discussing with the external auditors the results of their reviews and audit,
any issues arising and managements response, including any restrictions on the scope of the
external auditors activities or requested information and any significant disagreements with
management, and resolving any disputes;(j)
    
    reviewing, discussing and approving, or recommending to the Board for approval, the
quarterly financial statements and quarterly managements discussion and analysis of
financial and operating results prior to filing with securities regulatory authorities and
delivery to shareholders;(k)
    
    reviewing and discussing with management and the external auditors the Companys critical
accounting policies and practices, material alternative accounting treatments, significant
accounting and reporting judgments, material written communications between the external
auditor and management (including management representation letters and any schedule of
unadjusted differences) and significant adjustments resulting from the audit or review;(1)
    
    reviewing and discussing with management the Companys earnings press releases, as well as
type of financial information and earnings guidance (if any) provided to analysts and ratings
agencies;(m)
    
    reviewing and discussing such other relevant public disclosures containing financial
information as the Committee may consider necessary or appropriate;(n)
    
    reviewing and discussing with management the disclosure controls relating to the Companys
public disclosure of financial information, including information extracted or derived from
the financial statements, and periodically assess the adequacy of such procedures;
  (o)
    
    reviewing and discussing with management, the external auditors and the head of internal
audit the effectiveness of the Companys internal controls over financial reporting,
including reviewing and discussing any significant deficiencies in the design or operation of
internal controls, and any fraud, whether or not material, that involves management or other
employees who have a significant role in the Companys internal controls over financial
reporting;
 (p)
    
    discussing the Companys process with respect to risk assessment (including fraud risk),
risk management and the Companys major financial risks and financial reporting exposures,
all
 - 85 -




---



##### 



as they relate to internal controls over financial reporting, and the steps
management has taken to monitor and control such risks;
 (q)
    
    reviewing and discussing with management the Companys Code of Business
Conduct and Ethics and anti-fraud program and the actions taken to monitor and enforce
compliance;
 (r)
    
    establishing procedures for:
 (i)
    
    the receipt, retention and treatment of complaints regarding
accounting, internal controls or auditing matters; and
 (ii)
    
    the confidential, anonymous submission by employees of the Company of
concerns regarding questionable accounting, internal controls or auditing matters;
  (s)
    
    reviewing and discussing with management, the external auditors and the head
of internal audit the responsibilities and effectiveness of the Companys internal
audit function, including reviewing the internal audit mandate, independence,
organizational structure, internal audit plans and adequacy of resources, receiving
periodic internal audit reports and meeting privately with the head of internal audit
on a periodic basis;(t)
    
    approving in advance the retention and dismissal of the head of internal audit;
  (u)
    
    meeting separately, periodically, with each of management, the head of
internal audit and the external auditors;(v)
    
    reporting regularly to the Board;(w)
    
    reviewing and assessing its mandate and recommending any proposed changes to
the Corporate Governance and Nominating Committee of the Board on an annual basis; and(x)
    
    evaluating the functioning of the Committee on an annual basis, including with
reference to the discharge of its mandate, with the results to be reported to the
Corporate Governance and Nominating Committee, which shall report to the Board.
 Responsibilities of the Committee Chair
  (a)
    
    working with the Chairman of the Board, the Chief Executive Officer and the
Secretary to establish the frequency of Committee meetings and the agendas for
meetings;(b)
    
    providing leadership to the Committee and presiding over Committee meetings;(c)
    
    facilitating the flow of information to and from the Committee and fostering an
environment in which Committee members may ask questions and express their viewpoints;
 - 86 -




---



##### 



(d)
    
    reporting to the Board with respect to the significant activities of the Committee
and any recommendations of the Committee;(e)
    
    leading the Committee in annually reviewing and assessing the adequacy of its
mandate and evaluating its effectiveness in fulfilling its mandate; and(f)
    
    taking such other steps as are reasonably required to ensure that the Committee
carries out its mandate.
 Powers
  Composition
   1
  
 1
    
    For purposes of this mandate, financially literate means the ability to read and understand
a balance sheet, an income statement, a cash flow statement and the related notes that present a
breadth and level of complexity of accounting issues that are generally comparable to the breadth
and complexity of issues that can reasonably be expected to be raised by the Companys financial
statements, and accounting or related financial management expertise means the ability to
analyze and interpret a full set of financial statements, including the related notes that
present a breadth and level of complexity of accounting issues that are generally comparable to
the breadth and complexity of issues that can reasonably be expected to be raised by the
Companys financial statements. - 87 -




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##### 



Meetings
   Composition of the Audit Committee
    Donald J. Carty,60
    
    Mr. Carty is Vice Chairman and Chief Financial Officer of Dell, Inc.,Dallas, Texas, USA
    
    a computer company. From 1998 to 2003, he was the Chairman andChief Executive Officer of AMR Corp. and American Airlines. Mr.Carty is the Chairman of Porter Aviation Holdings Inc. and PorterAirlines Inc. Mr. Carty is also a director of CHC HelicopterCorporation, Sears Holding Corp., Solution Inc. Ltd., and BigBrothers Big Sisters. He is a trustee of Southern Methodist University.He holds an undergraduate degree and an honorary doctor of lawsfrom Queens University and a masters degree in businessadministration from Harvard University. Mr. Carty is an Officer of theOrder of Canada.Peter A. Crossgrove,70
    
    Mr. Crossgrove is a corporate director. Prior to May 2005, Mr.Toronto, Ontario, Canada
    
    Crossgrove was the Chairman of Masonite International Corporation,a door manufacturing company. He is also a director of Quadra LogicTechnologies Inc., Dundee REIT, Excellon Resources and WestTimmins Mining Inc. Mr. Crossgrove is the Chairman of CancerCARE Ontario and Chairman of the Canadian Association ofProvincial Cancer Agencies. He holds an undergraduate degree fromMcGill University and Concordia University and a masters degree inbusiness administration from the University of Western Ontario. Mr.Crossgrove is a recipient of the Queens Jubilee Medal and an Officerof the Order of Canada.
 - 88 -




---



##### 



John W. Crow,70
    
    Mr. Crow is President of J&R Crow Inc., an economic and financialToronto, Ontario, Canada
    
    consulting firm. He is also a director of Rockwater CapitalCorporation, High Income Principal and Yield Corporation, HighIncome Preferred Shares Corporation, Coastal Income Corporationand OFI Income Fund. He is a Senior Fellow of the CD. HoweInstitute and the Chairman of Arts for Children of Toronto. Mr. Crowserved as the Governor of the Bank of Canada from 1987 to 1994. Mr.Crow holds an undergraduate degree from Oxford University.Steven J. Shapiro,54
    
    Mr. Shapiro is a corporate director. Prior to May 2006, he wasHouston, Texas, USA
    
    Executive Vice President, Finance and Corporate Development, and adirector of Burlington Resources, Inc., an oil and gas exploration andproduction company. Prior to April 2005, he was Executive VicePresident and Chief Financial Officer of Burlington Resources, Inc.,and prior to January 2003, he was Senior Vice President and ChiefFinancial Officer of Burlington Resources, Inc. He is also a director ofEl Paso Corporation. He serves as chairman of the executivecommittee of the American Petroleum Institutes general committeeon finance. Mr. Shapiro holds an undergraduate degree from UnionCollege and a masters degree in business administration fromHarvard University.
 Participation on Other Audit Committees
  Audit Committee Pre-Approval Policies and Procedures
  - 89 -




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##### 



External Auditor Service Fees
  Fees
    
    2006
    
    2005(amount in millions)Audit Fees1
    
    $
    7.2
    
    
    $
    2.9Audit-Related Fees2
    
    
    0.2
    
    
    
    0.7Tax Fees3
    
    
    1.7
    
    
    
    0.5All Other Fees4
    
    
    0.1
    
    
    
    0.1Total
    
    $
    9.2
    
    
    $
    4.2
 
 1
    
    Audit Fees comprise professional services for the audit of Barricks annual
financial statements, review of Barricks interim financial statements, and services normally provided in connection with Barricks statutory and
regulatory filings. The Audit Fees for 2006 have increased by $4.3 million compared to 2005 primarily due to the acquisition of
Placer Dome and 2006 being the first year of attestation under Section 404 of the Sarbanes-Oxley Act.2
    
    Audit-Related Fees comprise amounts paid for consultations on accounting developments
and the accounting for potential corporate transactions. In 2005, Audit-Related Fees included approximately $675,000 for
Sarbanes-Oxley preparation services.3
    
    Tax Fees comprise amounts paid for tax compliance and advisory services.4
    
    In 2006, Other Fees included approximately $64,000 for non-audit related services. In
2005, Other Fees included approximately $50,000 for non-audit related services. CONTROLS AND PROCEDURES
     - 90 -




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ADDITIONAL INFORMATION
 www.sedar.com www.sec.gov www.sedar.com www.sec.gov
 - 91 -