Balance Sheet DATA

1983

1984

1985

1986

3093

1041

2110

2215

455
4044
7547
14156
15332
126760
9082

99478
6439
9596
117728
15120
171151
14885

Assets
Cash and Short Term Investments
Note Receivable
Marketable Securities
Bullion settlements and other receivables
Inventories and prepaid expenses
Current Assets
Investments
Property,plant and equipment
Other Assets

31158
3207

1460
5650
1961
10112
33102
122644
2630

Total Assets

40422

168488

165330

318884

4165

6950

11627

16793

1365

8313
37845
-5736

26323
311
33584
41490
5923
7070
88067
100175
-19121

4102
934
16663
9619
65894
6208
98384
103389
-36444

53658
24536
94987
61942
47598
5565
210092
98315
10476

32109

81054

66945

108791

40422

169121

165329

318883

Liabilities and Equity

Accounts payable and accrued liabilities
Dividend payable
Notes and loans payable
Current part of long term debt & deferred revenues
Current Liabilities
Long term debt
Deferred revenues and other liabilities
Deferred Taxes
Total Liabilities
Capital Stock
Retained Earnings
Foreign Currency translation adjustment
Shareholder's Equity
Total Liabilities and shareholders' equity

2527
437
6057

5530
2783

1987

1988

1989

1990

1991

1992

167163
46161
312
9841
15946
239423
120005
289304
27050

51411

304673

311778

252140

288023

16786
18760
86957
143144
455776
14958

28314
35067
368054
32526
633791
15698

32601
46852
391231

35193
41114
328447

25100
40248
353371

716046
39606

921701
56189

1094402
56520

675782

700835

1050069

1146883

1306337

1504293

24811

26209

42019

28528

54532
3105

58804

27807
52618
137010
142104
5612
337344
315850
24144
-1557
338437

16860
43069
91834
164300
11147
310350
325562
49799
15124
390485

46760
88779
61271
358114
16387
524551
427509
77140
20869
525518

82973
111501
331401
31193
27912
502007
534707
92745
17424
644876

54624
112261
262996
47989
42438
465684
653102
169766
17785
840653

79968
138772
260098
62117
50577
511564
664410
326273
2046
992729

675781

700835

1050069

1146883

1306337

1504293

Income Statement Data

Revenues
Operating Expenses
Administrative Expenses
Income from Operations
Depreciation, depletion, and amortization
Exploration and deferred mining costs written off
Interest and other Income
Interest expense on long-term obligations
Other expenses
Income before taxes
Income taxes
Net Income
Net Income per share

1983

1984

1985

1986

1286
-1180
-1197
-1091
-351

4407
-7635
-2312
-5540
-3504

215

3509
-4343

37327
-23315
-2607
11405
-8845
-345
5315
-2935

69106
-39482
-4036
25588
-11868
-135
4547
-3844

-1227

-9878
822
-10700
-0.12

4595
1500
3095
0.08

14288
2700
11588
0.28

71
-99015

12646
-20682

24466
-95679

63392
5762
5505

3250

31389

-1227
-0.02

Statements of Cash Flow

Cash from operations
Cash from investment activities
Cash from financing
Capital Stock
Renabie Gold Trust
Long-Term Liabilities
Gold-Linked 5.25% Notes
Gold Company of America
Gold loans and long-term liabilities:proceeds
Gold loans and long-term liabilities:repayments
Gold purchase warrants
Note Receivable
Dividends
Other

2471
52903
40778
26826
-40563

-2716
71944

-959
31803

-13178
4248

-1914
73446

1987

1988

1989

1990

1991

1992

92127
-48090
-5547
38490
-17383
-3010
10658
-9985
8287
27057
6487
20570
0.18

147509
-79545
-6756
61208
-25681
-501
15369
-10671

251624
-132356
-10570
108698
-42954
-6925
31487
-12787
77519
19314
58205
0.45

344725
-175357
-11951
157417
-49277
-3465
23961
-9427
-4243
114966
22526
92440
0.68

540437
-234205
-14241
291991
-68971
-4310
13330
-9296

39724
9229
30495
0.26

206069
-111010
-8728
86331
-35266
-8299
21945
-12770
-9487
42454
8719
33735
0.28

37276
-192871

61693
-195175

76801
-114569

94040
-160236

160233
-303346

282782
-272209

213190

7316

102252

107198

118395

11308

171004
-13427

50166
-74357

218818
-22024

-21940

-76806

77000
-40172

-46161
-2220
-1441
320945

46161
-4840
-2466
21980

-7896
-796
290354

-11263
-1019
72976

-15000
1826
28415

-18433
-3105
37171

222744
47804
174940
1.22

American Barrick's Realized Price for Delivered Gold Versus COMEX Spot Price

1984
1985
1986
1987
1988
1989
1990
1991
1992

Average Price For

Average
Loss
Gold Delivered
Ounces
(COMEX Price(When no
During Year
Delivered
hedging)
COMEX Price Delivered Price)
311
34078
360
49
1669822
333
115952
317
-16
-1855232
348
185359
368
20
3707180
410
219776
447
37
8131712
446
330479
437
-9
-2974311
436
472452
393
-43
-20315436
437
575656
384
-53
-30509768
438
787735
362
-76
-59867860
422
1280320
345
-77
-98584640
Total Loss
-200598533

Pre Tax Earnings

Reduction in earnings if Gold was sold at spot price
Revised Pre Tax Earnings
Tax@21.46%
After Tax Earnings

1992
222744000
98584640
124159360
26644599
97514761

For 1% change in gold Price

COMEX Price
1% of COMEX Price
Amount Of Gold(Ounces)
Additional Pre-Tax Income
Tax@21.46%
Additional After Tax Income

345
3.45
1280320
4417104
947910.52
3469193.5

Percentage Change in Income

3.56

Year

Average
price for
gold
delivered
during the Forward
year
Price
1983 __
1984
1985
1986
1987
1988
1989
1990
1991
1992

311
333
348
410
446
436
437
438
422

486.93
414.63
333.35
365.87
455.23
494.63
414.86
408.23
395.54
353.25

Average Diferentia
Ounces
l loss/gain Differential
Gold Price Delivered per Ounce Income
446.35
374.25
309.58
343.68
428.94
463.96
385.79
381.22
375.59
342.85

34078
115952
185359
219776
330479
472452
575656
787735
1280320

IAT

-63.25
-2155433.5 -462556
23.42
2715595.84 582766.9
4.33
801677.675
172040
-18.94 -4162557.44 -893285
-17.96 -5933750.445 -1273383
50.21 23721814.92 5090701
55.79 32112969.96 6891443
62.42 49166480.03 10551127
79.15
101333060 21746075

Net
Income
-1226
-9056
3095
11588
20570
30495
33735
58205
92440
174940

Differential EPS
160.00
140.00
120.00
100.00
80.00

Differential EPS

60.00
40.00
20.00
0.00
-20.00

1984 1985 1986 1987 1988 1989 1990 1991 1992

Net
Income
No. of
per Share Shares
-0.02
-0.12
0.08
0.28
0.18
0.26
0.28
0.45
0.68
1.22

Differential EPS

61300
75467
38688
41386
114278
117288
120482
129344
135941
143393

Differenti
al EPS

-6.13
15.06
4.16
-7.82
-10.86
42.25
53.28
77.62
151.65