Summary: Barrick Gold Corp. Jun 03
- ID: 1807666
- June 2003
- Standard & Poors
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 in 2002. The company has experienced positive results at its newly completed mines, including Bulyanhulu in Tanzania, which generated 356,000 ounces of gold in 2002, and with its exploration, with the announcement in April 2002 of a significant gold discovery at...
Companies mentioned in this report are: Barrick Gold Corp.
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