🕐04.04.14 - 22:54 Uhr

BARRICK COMPLETES DIVESTITURE OF MINORITY INTEREST IN MARIGOLD IN NEVADA



Barrick Gold Corporation

Barrick Completes Divestiture of Minority Interest in Marigold in Nevada

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TORONTO, April 4, 2014  Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (Barrick or the "company") today announced it has completed the divestiture of its minority interest in the Marigold mine ("Marigold") in Nevada to Silver Standard Resources Inc. ("Silver Standard") for total cash consideration of $86 million, subject to certain closing adjustments.

Barrick had previously held a 33.3% interest in Marigold, with the remaining 66.7% interest owned by the operator, Goldcorp Inc. ("Goldcorp").

Barricks share of proven and probable reserves at December 31, 2013 was 1.4 million ounces1, and its share of measured and indicated resources and inferred resources was 0.2 million ounces1 and 0.1 million ounces1, respectively.

The transaction is a result of a single, coordinated divestiture process jointly executed with Goldcorp.

Proceeds to Barrick have been adjusted to reflect Goldcorps position as manager and majority owner of the joint venture.

The divestiture of Barricks minority interest in Marigold is part of Barricks ongoing portfolio optimization process to maximize free cash flow in line with the companys disciplined capital allocation framework.

As part of its portfolio optimization program, since mid-2013 Barrick has announced divestitures of high cost and non-core assets for total consideration of over $1 billion, strengthening the overall quality of the companys portfolio.

RBC Capital Markets is acting as financial advisor to Barrick with respect to the transaction.

1 For a breakdown of reserves and resources by category and additional information relating to reserves and resources, see pages 27-37 of Barricks Form 40-F.

INVESTOR CONTACT:
Amy Schwalm

Vice President, Investor Relations
Telephone: +1 416 307-7422
Email:

MEDIA CONTACT:
Andy Lloyd

Vice President, Communications
Telephone: +1 416 307-7414
Email:

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




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