EX-99.3 4 o53897exv99w3.htm EX-99.3 exv99w3
Exhibit 99.3
SUMMARY GOLD MINERAL RESERVES AND MINERAL RESOURCES(1,2)
                                                     
For the year ended December 31, 2008         2008     2007  
        Tons     Grade     Ounces     Tons     Grade     Ounces  
Based on attributable ounces       (000s)     (oz/ton)     (000s)     (000s)     (oz/ton)     (000s)  
 
NORTH AMERICA
                                                    
Goldstrike Open Pit
   (proven and probable)     86,254       0.119       10,294       94,914       0.128       12,194  
 
   (mineral resource)     15,751       0.055       868       34,532       0.052       1,788  
Goldstrike Underground
   (proven and probable)     6,923       0.368       2,545       7,423       0.364       2,700  
 
   (mineral resource)     4,467       0.323       1,444       4,129       0.329       1,359  
Goldstrike Property Total
   (proven and probable)     93,177       0.138       12,839       102,337       0.146       14,894  
 
   (mineral resource)     20,218       0.114       2,312       38,661       0.081       3,147  
Pueblo Viejo (60%)
   (proven and probable)     147,946       0.091       13,440       129,125       0.095       12,258  
 
   (mineral resource)     77,068       0.056       4,330       41,674       0.064       2,655  
Cortez (100%) (3)
   (proven and probable)     222,125       0.060       13,384       86,457       0.080       6,884  
 
   (mineral resource)     81,088       0.046       3,743       45,744       0.045       2,076  
Bald Mountain
   (proven and probable)     157,675       0.018       2,846       128,093       0.024       3,059  
 
   (mineral resource)     90,374       0.019       1,718       36,493       0.024       861  
Turquoise Ridge (75%)
   (proven and probable)     7,961       0.501       3,985       8,429       0.458       3,858  
 
   (mineral resource)     2,467       0.435       1,074       2,469       0.409       1,010  
Round Mountain (50%)
   (proven and probable)     92,581       0.018       1,621       78,117       0.018       1,442  
 
   (mineral resource)     28,570       0.019       529       16,883       0.022       366  
Ruby Hill
   (proven and probable)     18,844       0.044       831       18,763       0.050       930  
 
   (mineral resource)     11,919       0.040       480       3,202       0.077       245  
Hemlo (50%)
   (proven and probable)     7,075       0.080       564       7,419       0.085       633  
 
   (mineral resource)     1,314       0.079       104       2,971       0.122       361  
Marigold (33%)
   (proven and probable)     25,462       0.020       511       31,106       0.020       631  
 
   (mineral resource)     15,673       0.016       253       17,053       0.020       346  
Golden Sunlight
   (proven and probable)     8,665       0.062       540       2,495       0.056       140  
 
   (mineral resource)     131       0.061       8       8,300       0.054       451  
Eskay Creek
   (proven and probable)     —       —       —       35       0.457       16  
 
   (mineral resource)     —       —       —       —       —       —  
South Arturo (60%)
   (proven and probable)             —                       —          
 
   (mineral resource)     22,114       0.045       987       10,757       0.070       752  
Donlin Creek (50%)
   (proven and probable)     —       —       —       —       —       —  
 
   (mineral resource)     269,496       0.066       17,737       204,869       0.072       14,668  
SOUTH AMERICA
                                                    
Cerro Casale (51%) (4)
   (proven and probable)     612,273       0.018       10,831       —       —       —  
 
   (mineral resource)     194,722       0.012       2,372       —       —       —  
Pascua-Lama
   (proven and probable)     440,226       0.040       17,806       444,610       0.040       17,978  
 
   (mineral resource)     131,494       0.036       4,687       99,158       0.038       3,760  
Veladero
   (proven and probable)     491,316       0.025       12,233       388,445       0.030       11,660  
 
   (mineral resource)     50,191       0.014       706       27,344       0.018       503  
Lagunas Norte
   (proven and probable)     230,635       0.039       8,949       222,176       0.039       8,733  
 
   (mineral resource)     55,573       0.023       1,278       105,075       0.025       2,644  
Pierina
   (proven and probable)     29,182       0.023       683       40,108       0.027       1,073  
 
   (mineral resource)     11,141       0.014       156       12,480       0.016       194  
AUSTRALIA PACIFIC
                                                    
Porgera (95%)
   (proven and probable)     78,975       0.099       7,828       79,060       0.104       8,239  
 
   (mineral resource)     61,025       0.066       4,031       56,610       0.074       4,199  
Kalgoorlie (50%)
   (proven and probable)     77,516       0.056       4,360       79,412       0.058       4,589  
 
   (mineral resource)     8,611       0.059       512       2,835       0.062       175  
Cowal
   (proven and probable)     79,500       0.035       2,795       81,463       0.035       2,876  
 
   (mineral resource)     31,463       0.034       1,072       23,076       0.035       819  
Plutonic
   (proven and probable)     5,828       0.179       1,042       12,111       0.151       1,824  
 
   (mineral resource)     11,037       0.157       1,733       18,819       0.144       2,704  
Kanowna
   (proven and probable)     6,294       0.200       1,256       8,874       0.171       1,519  
 
   (mineral resource)     5,234       0.164       859       4,318       0.157       677  
Darlot
   (proven and probable)     4,394       0.127       557       5,208       0.126       655  
 
   (mineral resource)     3,598       0.125       451       3,531       0.121       428  
Granny Smith
   (proven and probable)     3,620       0.136       491       3,449       0.133       458  
 
   (mineral resource)     2,514       0.168       423       3,035       0.155       469  
Lawlers
   (proven and probable)     2,484       0.142       353       3,199       0.127       407  
 
   (mineral resource)     6,791       0.151       1,023       6,777       0.166       1,128  
Henty
   (proven and probable)     402       0.229       92       626       0.236       148  
 
   (mineral resource)     199       0.231       46       79       0.165       13  
Osborne
   (proven and probable)     2,174       0.021       45       4,181       0.020       82  
 
   (mineral resource)     3,410       0.026       89       3,602       0.027       97  
Reko Diq (37.5%)
   (proven and probable)     —       —       —       —       —       —  
 
   (mineral resource)     1,125,071       0.008       8,487       444,831       0.008       3,741  
AFRICA
                                                   
Bulyanhulu
   (proven and probable)     37,728       0.317       11,977       36,052       0.334       12,043  
 
   (mineral resource)     4,936       0.339       1,675       1,516       0.427       647  
North Mara
   (proven and probable)     30,505       0.099       3,031       36,461       0.099       3,594  
 
   (mineral resource)     19,046       0.063       1,191       12,537       0.064       801  
Buzwagi
   (proven and probable)     65,088       0.050       3,284       72,687       0.049       3,593  
 
   (mineral resource)     20,371       0.043       886       19,993       0.030       608  
Tulawaka (70%)
   (proven and probable)     514       0.156       80       739       0.307       227  
 
   (mineral resource)     267       0.330       88       178       0.281       50  
OTHER
   (proven and probable)     538       0.468       252       346       0.419       145  
 
   (mineral resource)     —       —       —       —       —       —  
 
TOTAL
   (proven and probable)     2,980,703       0.046       138,506       2,111,583       0.059       124,588  
 
   (mineral resource)     2,367,126       0.027       65,040       1,274,870       0.040       50,595  
 
(1)   Resources which are not reserves do not have demonstrated economic viability.
 
(2)   See accompanying footnote #1
 
(3)   See accompanying footnote #2
 
(4)   See accompanying footnote #3

1

 

GOLD MINERAL RESERVES(1)
                                                                         
As at December 31, 2008   PROVEN     PROBABLE     TOTAL  
    Tons     Grade   Contained ozs     Tons     Grade   Contained ozs     Tons     Grade   Contained ozs
Based on attributable ounces   (000s)     (oz/ton)     (000s)     (000s)     (oz/ton)     (000s)     (000s)     (oz/ton)     (000s)  
NORTH AMERICA
                                                                        
Goldstrike Open Pit
     56,404       0.113       6,397       29,850       0.131       3,897       86,254       0.119       10,294  
Goldstrike Underground
     2,815       0.461       1,299       4,108       0.303       1,246       6,923       0.368       2,545  
Goldstrike Property Total
     59,219       0.130       7,696       33,958       0.151       5,143       93,177       0.138       12,839  
Pueblo Viejo (60%)
     7,658       0.103       787       140,288       0.090       12,653       147,946       0.091       13,440  
Cortez (100%) (2)
     19,379       0.077       1,491       202,746       0.059       11,893       222,125       0.060       13,384  
Bald Mountain
     77,326       0.019       1,491       80,349       0.017       1,355       157,675       0.018       2,846  
Turquoise Ridge (75%)
     5,746       0.507       2,914       2,215       0.484       1,071       7,961       0.501       3,985  
Round Mountain (50%)
     34,305       0.021       723       58,276       0.015       898       92,581       0.018       1,621  
Ruby Hill
     846       0.056       47       17,998       0.044       784       18,844       0.044       831  
Hemlo (50%)
     5,993       0.076       455       1,082       0.101       109       7,075       0.080       564  
Marigold (33%)
     9,929       0.023       228       15,533       0.018       283       25,462       0.020       511  
Golden Sunlight
     2,188       0.077       168       6,477       0.057       372       8,665       0.062       540  
SOUTH AMERICA
                                                                        
Cerro Casale (51%) (3)
     126,562       0.019       2,375       485,711       0.017       8,456       612,273       0.018       10,831  
Pascua-Lama
     42,680       0.050       2,132       397,546       0.039       15,674       440,226       0.040       17,806  
Veladero
     31,720       0.025       804       459,596       0.025       11,429       491,316       0.025       12,233  
Lagunas Norte
     13,515       0.045       606       217,120       0.038       8,343       230,635       0.039       8,949  
Pierina
     10,900       0.026       286       18,282       0.022       397       29,182       0.023       683  
AUSTRALIA PACIFIC
                                                                        
Porgera (95%)
     48,836       0.097       4,758       30,139       0.102       3,070       78,975       0.099       7,828  
Kalgoorlie (50%)
     37,486       0.049       1,854       40,030       0.063       2,506       77,516       0.056       4,360  
Cowal
     9,960       0.025       247       69,540       0.037       2,548       79,500       0.035       2,795  
Plutonic
     298       0.181       54       5,530       0.179       988       5,828       0.179       1,042  
Kanowna
     3,189       0.217       692       3,105       0.182       564       6,294       0.200       1,256  
Darlot
     2,900       0.118       341       1,494       0.145       216       4,394       0.127       557  
Granny Smith
     1,067       0.105       112       2,553       0.148       379       3,620       0.136       491  
Lawlers
     261       0.084       22       2,223       0.149       331       2,484       0.142       353  
Henty
     —       —       —       402       0.229       92       402       0.229       92  
Osborne
     1,282       0.026       33       892       0.013       12       2,174       0.021       45  
AFRICA
                                                                        
Bulyanhulu
     2,122       0.313       664       35,606       0.318       11,313       37,728       0.317       11,977  
North Mara
     17,944       0.102       1,824       12,561       0.096       1,207       30,505       0.099       3,031  
Buzwagi
     833       0.047       39       64,255       0.051       3,245       65,088       0.050       3,284  
Tulawaka (70%)
     382       0.079       30       132       0.379       50       514       0.156       80  
         
OTHER
     —       —       —       538       0.468       252       538       0.468       252  
         
 
TOTAL
     574,526       0.057       32,873       2,406,177       0.044       105,633       2,980,703       0.046       138,506  
         
COPPER MINERAL RESERVES(1)
                                                                         
    PROVEN     PROBABLE     TOTAL  
    Tons     Grade     Contained lbs     Tons     Grade     Contained lbs     Tons     Grade     Contained lbs  
Based on attributable pounds   (000s)     (%)     (millions)     (000s)     (%)     (millions)     (000s)     (%)     (millions)  
         
Zaldívar
     241,550       0.555       2,681       351,041       0.515       3,613       592,591       0.531       6,294  
Osborne
     1,282       2.652       68       892       1.682       30       2,174       2.254       98  
TOTAL
     242,832       0.566       2,749       351,933       0.518       3,643       594,765       0.537       6,392  
         
 
(1)   See accompanying footnote #1
 
(2)   See accompanying footnote #2
 
(3)   See accompanying footnote #3

2

 

GOLD MINERAL RESOURCES (1,2)
                                                                                 
As at December 31, 2008   MEASURED (M)     INDICATED (I)     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained ozs     Tons     Grade     Contained ozs     Contained ozs     Tons     Grade     Contained ozs  
Based on attributable ounces   (000s)     (oz/ton)     (000s)     (000s)     (oz/ton)     (000s)     (000s)     (000s)     (oz/ton)     (000s)  
               
NORTH AMERICA
                                                                                
Goldstrike Open Pit
     11,584       0.056       654       4,167       0.051       214       868       479       0.092       44  
Goldstrike Underground
     1,465       0.362       531       3,002       0.304       913       1,444       3,424       0.393       1,346  
Goldstrike Property Total
     13,049       0.091       1,185       7,169       0.157       1,127       2,312       3,903       0.356       1,390  
Pueblo Viejo (60%)
     2,613       0.054       142       74,455       0.056       4,188       4,330       7,823       0.059       461  
Cortez (100%) (3)
     5,997       0.030       177       75,091       0.047       3,566       3,743       29,912       0.129       3,848  
Bald Mountain
     28,951       0.023       660       61,423       0.017       1,058       1,718       71,004       0.021       1,525  
Turquoise Ridge (75%)
     1,708       0.436       745       759       0.433       329       1,074       3,330       0.505       1,683  
Round Mountain (50%)
     7,649       0.021       163       20,921       0.017       366       529       6,491       0.012       77  
Ruby Hill
     415       0.048       20       11,504       0.040       460       480       3,495       0.037       129  
Hemlo (50%)
     939       0.063       59       375       0.120       45       104       1,410       0.134       189  
Marigold (33%)
     3,268       0.017       55       12,405       0.016       198       253       16,461       0.014       229  
Golden Sunlight
     57       0.070       4       74       0.054       4       8       1,050       0.043       45  
South Arturo (60%)
     —       —       —       22,114       0.045       987       987       1,952       0.013       26  
Donlin Creek (50%)
     5,443       0.073       397       264,053       0.066       17,340       17,737       38,098       0.064       2,428  
SOUTH AMERICA
                                                                                
Cerro Casale (51%) (4)
     15,281       0.011       162       179,441       0.012       2,210       2,372       129,204       0.011       1,476  
Pascua-Lama
     12,505       0.039       487       118,989       0.035       4,200       4,687       16,423       0.036       593  
Veladero
     1,944       0.014       28       48,247       0.014       678       706       79,038       0.009       683  
Lagunas Norte
     1,557       0.024       38       54,016       0.023       1,240       1,278       8,171       0.043       353  
Pierina
     2,320       0.015       34       8,821       0.014       122       156       134       0.022       3  
AUSTRALIA PACIFIC
                                                                                
Porgera (95%)
     26,960       0.076       2,042       34,065       0.058       1,989       4,031       17,800       0.130       2,306  
Kalgoorlie (50%)
     2,964       0.060       177       5,647       0.059       335       512       1,625       0.135       220  
Cowal
     —       —       —       31,463       0.034       1,072       1,072       1,458       0.030       44  
Plutonic
     118       0.186       22       10,919       0.157       1,711       1,733       4,888       0.246       1,204  
Kanowna
     2,781       0.157       438       2,453       0.172       421       859       8,122       0.117       950  
Darlot
     512       0.133       68       3,086       0.124       383       451       137       0.212       29  
Granny Smith
     470       0.172       81       2,044       0.167       342       423       5,354       0.237       1,267  
Lawlers
     53       0.113       6       6,738       0.151       1,017       1,023       1,889       0.136       256  
Henty
     —       —       —       199       0.231       46       46       35       0.200       7  
Osborne
     1,175       0.023       27       2,235       0.028       62       89       3,527       0.020       71  
Reko Diq (37.5%)
     639,161       0.008       4,968       485,910       0.007       3,519       8,487       895,089       0.009       8,398  
AFRICA
                                                                                
Bulyanhulu
     —       —       —       4,936       0.339       1,675       1,675       12,415       0.370       4,592  
North Mara
     9,209       0.061       563       9,837       0.064       628       1,191       682       0.063       43  
Buzwagi
     1       —       —       20,370       0.043       886       886       983       0.039       38  
Tulawaka (70%)
     —       —       —       267       0.330       88       88       44       0.364       16  
               
OTHER
     —       —       —       —       —       —       —       592       0.294       174  
               
                                                                                 
TOTAL
     787,100       0.016       12,748       1,580,026       0.033       52,292       65,040       1,372,539       0.025       34,753  
               
COPPER MINERAL RESOURCES (1,2)
                                                                                 
As at December 31, 2008   MEASURED (M)     INDICATED (I)     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained lbs     Tons     Grade     Contained lbs     Contained lbs     Tons     Grade     Contained lbs  
Based on attributable pounds   (000s)     (%)     (millions)     (000s)     (%)     (millions)     (millions)     (000s)     (%)     (millions)  
               
Zaldívar
     27,416       0.474       260       72,249       0.430       621       881       135,182       0.470       1,271  
Osborne
     1,175       1.830       43       2,235       1.655       74       117       3,527       1.375       97  
Reko Diq (37.5%)
     639,161       0.535       6,842       485,910       0.477       4,631       11,473       895,089       0.478       8,549  
TOTAL
     667,752       0.535       7,145       560,394       0.475       5,326       12,471       1,033,798       0.480       9,917  
               
(1)   Resources which are not reserves do not have demonstrated economic viability.
 
(2)   See accompanying footnote #1
 
(3)   See accompanying footnote #2
 
(4)   See accompanying footnote #3

3

 

CONTAINED SILVER WITHIN REPORTED GOLD RESERVES (1)
                                                                                 
For the year ended Dec. 31, 2008   IN PROVEN GOLD RESERVES     IN PROBABLE GOLD RESERVES     TOTAL  
         
    Tons     Grade     Contained ozs     Tons     Grade     Contained ozs     Tons     Grade     Contained ozs     Process  
Based on attributable ounces   (000s)     (oz/ton)     (000s)     (000s)     (oz/ton)     (000s)     (000s)     (oz/ton)     (000s)     recovery %  
         
NORTH AMERICA
                                                                                
Pueblo Viejo (60%)
     7,658       0.66       5,052       140,288       0.53       73,733       147,946       0.53       78,785       87.1 %
SOUTH AMERICA
                                                                                
Cerro Casale (51%) (2)
     126,562       0.06       7,302       485,711       0.05       22,810       612,273       0.05       30,112       46.0 %
Pascua-Lama
     42,680       1.77       75,544       397,546       1.62       642,080       440,226       1.63       717,624       78.5 %
Lagunas Norte
     13,515       0.11       1,527       217,120       0.11       22,800       230,635       0.11       24,327       20.3 %
Veladero
     31,720       0.40       12,561       459,596       0.46       213,629       491,316       0.46       226,190       6.4 %
Pierina
     10,900       0.27       2,924       18,282       0.20       3,728       29,182       0.23       6,652       43.9 %
         
AFRICA
                                                                                
Bulyanhulu
     2,122       0.18       390       35,606       0.25       9,073       37,728       0.25       9,463       65.0 %
         
 
                                                                                
TOTAL
     235,157       0.45       105,300       1,754,149       0.56       987,853       1,989,306       0.55       1,093,153       61.7 %
         
(1)   Silver is accounted for as a by-product credit against reported or projected gold production costs.
 
(2)   See accompanying footnote #3
CONTAINED COPPER WITHIN REPORTED GOLD RESERVES (1)
                                                                                 
For the year ended Dec. 31, 2008   IN PROVEN GOLD RESERVES     IN PROBABLE GOLD RESERVES     TOTAL  
         
    Tons     Grade     Contained lbs     Tons     Grade     Contained lbs     Tons     Grade     Contained lbs     Process  
Based on attributable pounds   (000s)     (%)     (millions)     (000s)     (%)     (millions)     (000s)     (%)     (millions)     recovery %  
         
NORTH AMERICA
                                                                                
Pueblo Viejo (60%)
     7,658       0.119       18.2       140,288       0.091       254.8       147,946       0.092       273.0       79.5 %
         
SOUTH AMERICA
                                                                                
Cerro Casale (51%) (2)
     126,562       0.192       486.2       485,711       0.229       2,221.0       612,273       0.221       2,707.2       82.8 %
Pascua-Lama
     42,680       0.093       79.6       397,546       0.072       569.9       440,226       0.074       649.5       57.6 %
         
AFRICA
                                                                                
Buzwagi
     855       0.006       0.1       64,255       0.137       176.5       65,088       0.136       176.6       76.4 %
Bulyanhulu
     2,122       0.339       14.4       35,606       0.604       429.9       37,728       0.589       444.3       84.9 %
         
 
TOTAL
     179,877       0.166       598.5       1,123,406       0.163       3,652.1       1,303,283       0.163       4,250.6       72.4 %
         
(1)   Copper is accounted for as a by-product credit against reported or projected gold production costs.
 
(2)   See accompanying footnote #3

4

 

CONTAINED SILVER WITHIN REPORTED GOLD RESOURCES (1)
                                                                                 
For the year ended Dec. 31, 2008   MEASURED (M)     INDICATED (I)     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained ozs     Tons     Grade     Contained ozs     Ounces     Tons     Grade     Contained ozs  
Based on attributable ounces   (000’s)     (oz/ton)     (000’s)     (000’s)     (oz/ton)     (000’s)     (000’s)     (000’s)     (oz/ton)     (000’s)  
               
NORTH AMERICA
                                                                                
Eskay Creek
     —       —       —       —       —       —       —       —       —       —  
Pueblo Viejo (60%)
     2,613       0.37       969       74,455       0.33       24,591       25,560       7,823       0.63       4,932  
               
SOUTH AMERICA
                                                                                
Cerro Casale (51%) (2)
     15,281       0.04       569       179,441       0.03       6,061       6,630       129,204       0.03       3,825  
Pascua-Lama
     12,505       0.69       8,625       118,989       0.66       79,064       87,689       16,423       0.69       11,397  
Lagunas Norte
     1,557       0.12       191       54,016       0.09       4,813       5,004       8,171       0.08       673  
Veladero
     1,944       0.39       763       48,247       0.35       17,017       17,780       79,038       0.33       25,731  
Pierina
     2,320       0.35       802       8,821       0.33       2,912       3,714       134       0.11       15  
               
AFRICA
                                                                                
Bulyanhulu
     —       —       —       4,936       0.32       1,600       1,600       12,415       0.29       3,644  
               
 
TOTAL
     36,220       0.33       11,919       488,905       0.28       136,058       147,977       253,208       0.20       50,217  
               
(1)   Resources which are not reserves do not have demonstrated economic viability.
 
(2)   See accompanying footnote #3
CONTAINED COPPER WITHIN REPORTED GOLD RESOURCES (1)
                                                                                 
For the year ended Dec. 31, 2008   IN MEASURED (M) GOLD RESOURCES     IN INDICATED (I) GOLD RESOURCES     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained lbs     Tons     Grade     Contained lbs     Contained lbs     Tons     Grade     Contained lbs  
Based on attributable pounds   (000’s)     (%)     (millions)     (000’s)     (%)     (millions)     (millions)     (000’s)     (%)     (millions)  
               
NORTH AMERICA
                                                                                
Pueblo Viejo (60%)
     2,613       0.086       4.5       74,455       0.072       107.9       112.4       7,823       0.040       6.2  
               
SOUTH AMERICA
                                                                                
Cerro Casale (51%) (2)
     15,281       0.159       48.6       179,441       0.194       697.1       745.7       129,204       0.194       500.5  
Pascua-Lama
     12,505       0.080       20.1       118,989       0.068       160.9       181.0       16,423       0.030       10.0  
               
AFRICA
                                                                                
Buzwagi
     1       0.001       0.0       20,370       0.145       59.2       59.2       237       0.148       0.7  
               
 
TOTAL
     30,400       0.120       73.2       393,255       0.130       1,025.1       1,098.3       153,687       0.168       517.4  
               
(1)   Resources which are not reserves do not have demonstrated economic viability.
 
(2)   See accompanying footnote #3
NICKEL MINERAL RESOURCES (1)
                                                                                 
For the year ended Dec. 31, 2008   MEASURED (M)     INDICATED (I)     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained lbs     Tons     Grade     Contained lbs     Contained lbs     Tons     Grade     Contained lbs  
Based on attributable pounds   (000’s)     (%)     (millions)     (000’s)     (%)     (millions)     (millions)     (000’s)     (%)     (millions)  
               
AFRICA
                                                                                
Kabanga (50%)
     —               —       5,346       2.376       254.0       254.0       20,007       2.802       1,121.0  
               
(1)   Resources which are not reserves do not have demonstrated economic viability.
 
PLATINUM MINERAL RESOURCES (1)
                                                                                 
For the year ended Dec. 31, 2008   MEASURED (M)     INDICATED (I)     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained ozs     Tons     Grade     Contained ozs     Ounces     Tons     Grade     Contained ozs  
Based on attributable ounces   (000’s)     (oz/ton)     (000’s)     (000’s)     (oz/ton)     (000’s)     (000’s)     (000’s)     (oz/ton)     (000’s)  
               
RUSSIA
                                                                                
Fedorova (50%)
     —       —       —       189,947       0.01       1,136       1,136       17,433       0.01       88  
               
AFRICA
                                                                                
Sedibelo (10%)
     —       —       —       5,841       0.08       440       440       3,528       0.10       352  
               
 
TOTAL
     —       —       —       195,788       0.01       1,576       1,576       20,961       0.02       440  
               
(1)   Resources which are not reserves do not have demonstrated economic viability.
PALLADIUM MINERAL RESOURCES (1)
                                                                                 
For the year ended Dec. 31, 2008   MEASURED (M)     INDICATED (I)     (M) + (I)     INFERRED  
               
    Tons     Grade     Contained ozs     Tons     Grade     Contained ozs     Ounces     Tons     Grade     Contained ozs  
Based on attributable ounces   (000’s)     (oz/ton)     (000’s)     (000’s)     (oz/ton)     (000’s)     (000’s)     (000’s)     (oz/ton)     (000’s)  
               
RUSSIA
                                                                                
Fedorova (50%)
     —       —       —       189,947       0.03       5,100       5,100       17,433       0.03       465  
               
AFRICA
                                                                                
Sedibelo (10%)
     —       —       —       5,841       0.04       206       206       3,528       0.05       177  
               
 
TOTAL
     —       —       —       195,788       0.03       5,306       5,306       20,961       0.03       642  
               
(1)   Resources which are not reserves do not have demonstrated economic viability.

5

 

MINERAL RESERVES AND RESOURCES NOTES
1. Mineral reserves (“reserves”) and mineral resources (“resources”) have been calculated as at December 31, 2008 in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. For United States reporting purposes, Industry Guide 7, (under the Securities and Exchange Act of 1934), as interpreted by Staff of the SEC, applies different standards in order to classify mineralization as a reserve. Accordingly, for U.S. reporting purposes, Cerro Casale is classified as mineralized material and approximately 600,000 ounces of reserves for Pueblo Viejo (Barrick’s 60% interest) are classified as mineralized material. In addition, while the terms “measured”, “indicated” and “inferred” mineral resources are required pursuant to National Instrument 43-101, the U.S. Securities and Exchange Commission does not recognize such terms. Canadian standards differ significantly from the requirements of the U.S. Securities and Exchange Commission, and mineral resource information contained herein is not comparable to similar information regarding mineral reserves disclosed in accordance with the requirements of the U.S. Securities and Exchange Commission. U.S. investors should understand that “inferred” mineral resources have a great amount of uncertainty as to their existence and great uncertainty as to their economic and legal feasibility. In addition, U.S. investors are cautioned not to assume that any part or all of Barrick’s mineral resources constitute or will be converted into reserves. Calculations have been prepared by employees of Barrick, its joint venture partners or its joint venture operating companies, as applicable, under the supervision of Ivan Mullany, Senior Director, Metallurgy and Process Development, Technical Services of Barrick, Rick Allan, Senior Director, Mining of Barrick, and Rick Sims, Senior Director, Resources and Reserves of Barrick. Reserves have been calculated using an assumed long-term average gold price of $US 725 ($Aus. 850) per ounce, a silver price of $US 13.50 per ounce, a copper price of $US 2.00 per pound and exchange rates of $1.10 $Can/$US and $0.85 $US/$Aus. Reserve calculations incorporate current and/or expected mine plans and cost levels at each property. Varying cut-off grades have been used depending on the mine and type of ore contained in the reserves. Barrick’s normal data verification procedures have been employed in connection with the calculations. Resources as at December 31, 2008 have been estimated using varying cut-off grades, depending on both the type of mine or project, its maturity and ore types at each property. For a breakdown of reserves and resources by category and for a more detailed description of the key assumptions, parameters and methods used in calculating Barrick’s reserves and resources, see Barrick’s most recent Annual Information Form/Form 40-F on file with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange Commission.
2. In March 2008, Barrick increased its interest in the Cortez property from 60% to 100%. 2008 reserves and resources for the Cortez property reflect Barrick’s 100% interest. 2007 reserves and resources for the Cortez property reflect Barrick’s then 60% interest.
3. In December 2007, Barrick acquired a 51% interest in the Cerro Casale project through its acquisition of Arizona Star Resources Corp. 2008 reserves and resources for the Cerro Casale project reflect Barrick’s 51% interest. 2007 reserves and resources do not reflect Barrick’s acquisition of its 51% interest in the Cerro Casale project.

6

 

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this Summary Gold Mineral Reserves and Mineral Resources, including any information as to our strategy, plans or future financial or operating performance and other statements that express management’s expectations or estimates of future performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “will”, “anticipate”, “contemplate”, “target”, “plan”, “continue’, “budget”, “may”, “intend”, “estimate” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. The Company cautions the reader that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from the Company’s estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; changes in the worldwide price of gold, copper or certain other commodities (such as silver, fuel and electricity); fluctuations in currency markets; changes in U.S. dollar interest rates or gold lease rates; risks arising from holding derivative instruments; ability to successfully complete announced transactions and integrate acquired assets; legislative, political or economic developments in the jurisdictions in which the Company carries on business; operating or technical difficulties in connection with mining or development activities; employee relations; availability and increasing costs associated with mining inputs and labor; the speculative nature of exploration and development, including the risks of obtaining necessary licenses and permits and diminishing quantities or grades of reserves; adverse changes in our credit rating; level of indebtedness and liquidity; contests over title to properties, particularly title to undeveloped properties; and the risks involved in the exploration, development and mining business. Certain of these factors are discussed in greater detail in the Company’s most recent Form 40-F/Annual Information Form on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities.
The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

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