🕐14.02.13 - 12:54 Uhr

BARRICK REPORTS FOURTH QUARTER AND FULL YEAR 2012 RESULTS



Barrick Reports Fourth Quarter and Full Year 2012 Results
Disciplined Capital Allocation to Drive Future Direction

TORONTO, February 14, 2013 — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) today reported fourth quarter and full year 2012 results and reinforced a model for stricter, more disciplined capital allocation to improve shareholder returns and drive the future direction of the company.

"Investors are rightfully demanding fundamental change in the gold industry, and Barrick is driving this new paradigm," said Jamie Sokalsky, President and Chief Executive Officer of Barrick.

"Rising costs, poor capital allocation and the pursuit of production growth at any cost in the industry have led to declining equity valuations across the sector.

The message is clear: the industry must chart a new path forward.

Barrick highlighted the need for change last year, and we are increasingly taking strong action and re-focusing our business based on the principle that returns will drive production, production will not drive returns."

Read the full press release

Watch Jamie Sokalsky discuss the results, company strategy and the year ahead

Listen to the conference call and webcast at 9:30 a.m.

EST

 

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Barrick Gold Corporation
Brookfield Place
TD Canada Trust Tower
161 Bay Street, Suite 3700
Toronto, Ontario M5J 2S1




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