- Language: English
- Published: January 2012
- Region: Global
Summary: Barrick Gold Corp. Jun 05
- ID: 1807604
- June 2005
- Standard & Poors
The ratings on Barrick Gold Corp. reflect the company's strong position as the third-largest gold producer in the world, cash costs that are among the lowest in the industry, low geopolitical risk relative to its peers, and conservative financial profile. These strengths are offset by the company's very narrow revenue diversity and increasing exposure to volatile gold prices, as well as by the company's large growth capital expenditure plans. Barrick's above-average business profile is supported by its large base of low-cost mines, which are expected to produce about 5.4 million ounces in 2005 at a total cash cost of US$220-US$230 per ounce. At year-end 2004, the company had proven and probable reserves of 89 million ounces, which could sustain current...
Companies mentioned in this report are: Barrick Gold Corp.
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Barrick Gold Corp.