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Barrick Gold Corp. Jun 03
Standard & Poors, June 2003
Abstract
Leading industry position Large portfolio of reserves and development projects Excellent financial profile Low geopolitical risk Limited business diversification Lower ore grades and production in the next two to three years, prior to the completion of the development of new properties The ratings on Barrick Gold Corp. recognize its strong business position as the third-largest gold producer in the world, with cash costs in the second quartile. The company's annual production was 5.7 million ounces in 2002, with total cash operating costs of US$177 per ounce and proven and probable ore reserves of 86.9 million ounces. Barrick's operations now include 11 properties on four continents, including Goldstrike in the U.S., which had annual production of more than 2.05 million ounces...
Companies mentioned in this report are: Barrick Gold Corp.,Barrick Gold Finance Corp.
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
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