Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

Barrick only

	2006			2007			2008			2009			2010			Three months ended March 31 2011
(in millions of United States dollars)	US GAAP			US GAAP			US GAAP			US GAAP			US GAAP			IFRS
Ratio of earnings to fixed charges
Earnings
Income from continuing operations before income taxes and other items		1,560			1,480			1,451			(3,630	)		4,745			1,470
Add:    Fixed Charges		228			237			243			326			586			169
Amortization of capitalized interest		12			14			9			12			42			4
(Loss) gain from equity investees		(4	)		(43	)		(64	)		(87	)		(41	)		1
Less:    Capitalized interest		(102	)		(124	)		(222	)		(269	)		(230	)		(90	)
		1,694			1,564			1,417			(3,648	)		5,102			1,554
Fixed Charges
Interest expensed		126			113			21			57			356			79
Capitalized interest		102			124			222			269			230			90
		228			237			243			326			586			169
Ratio of earnings to fixed charges		7			7			6			(11	)		9			9