<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>3
<FILENAME>ex99_1-082102.txt
<DESCRIPTION>2ND QUARTER REPORT
<TEXT>

                                                                       Exhibit 1

[BARRICK LOGO]

BARRICK SECOND QUARTER REPORT 2002
Based on US GAAP and expressed in US dollars.

Barrick Earns $59 Million in Second Quarter
Organic Growth Pipeline Enhanced; Expects higher production and
lower costs in second half


--------------------------------------------------------------------------------
Second Quarter in Brief
--------------------------------------------------------------------------------

o    Net income totals $59 million, or 11 cents per share

o    Production totals 1.35 million ounces of gold at $178 an ounce

o    Cash and short-term investments increase to $916 million

o    Hedge commitments decline by 3.1 million ounces - Further reductions
     expected in second half

o    Alto Chicama resource estimate doubles to 7.3 million ounces of gold -
     further increase expected in second half of year - Discovery enhances
     Company's organic growth pipeline

o    Higher production and lower costs expected in second half of year

--------------------------------------------------------------------------------

Barrick Gold Corporation today reported earnings of $59 million and operating
cash flow of $177 million for the second quarter of 2002, compared to earnings
of $58 million and operating cash flow of $196 million in the prior-year period.
During the quarter, the Company benefited from solid contributions from the
Pierina and Eskay Creek mines, currency related gains and rising gold prices.
However, overall production was lower and cash costs higher than the year-before
quarter, reflecting lower than planned performances at the Hemlo, Kalgoorlie and
Meikle operations and declining production from a group of mines being phased
out this year.

     During the quarter, the Company continued to simplify its hedge program by
reducing its hedge commitments by 3.1 million ounces, ahead of its initial
year-end target. The Company also further enhanced its organic growth pipeline
with the July 10th announcement that it has doubled the gold resource at its
grassroots exploration discovery on the Alto Chicama Property in Peru. With this
discovery, Barrick has four major development projects in the pipeline at a time
of rising gold prices.

     "In the second quarter we announced our best grassroots exploration
discovery in Company history," said Randall Oliphant, President and Chief
Executive Officer. "At the same time, we also had some operations performing
below our expectations. We've been aggressive in making operational improvements
at each of these sites that put us on track for better results in the second
half of the year." For the year, production is on track to meet plan at 5.7
million ounces at marginally higher cash costs of $172 an ounce.

     Net income for the second quarter was $59 million, or 11 cents per share,
compared to $58 million, or 11 cents per share, for second quarter 2001, while
net income before non-hedge-related adjustments, was $48 million (9 cents per
share) compared to $72 million (13 cents per share) in the year earlier period
1. Operating cash flow, before previously accrued Homestake merger costs, was
$187 million, or 35 cents per

BARRICK SECOND QUARTER REPORT 2002                                 PRESS RELEASE
<PAGE>

share, for the second quarter 2002, compared to $196 million, or 36 cents per
share in the prior year period. After paying the previously accrued merger
costs, the Company recorded operating cash flow of $177 million, or 33 cents per
share, for the second quarter of 2002. The Company reported free cash flow of
$87 million(1) during the quarter, after capital expenditures, up from $56
million in the prior year period.

     For the first half of 2002, net income was $105 million (20 cents per
share) compared to $145 million (27 cents per share) in the first half of 2001.
Net income before non-hedge-related adjustments was $95 million or 18 cents per
share, compared to $121 million, or 22 cents per share, in the prior year
period. Operating cash flow, before previously accrued Homestake merger costs,
was $366 million, or 68 cents per share, for first half 2002, compared to $398
million, or 74 cents per share in the prior year period. After paying the
previously accrued $38 million in merger costs, the Company recorded operating
cash flow of $328 million, or 61 cents per share, for the first half of 2002.

REDUCED AND SIMPLIFIED HEDGE PROGRAM
"As we stated at our Annual Meeting in May, a simple spot deferred program makes
more sense in today's environment," said Jamie Sokalsky, Senior Vice President
and Chief Financial Officer. "With the changes we made during the quarter, our
overall Program has become smaller and simpler while continuing to give us the
confidence of more secure and predictable cash flows."

     During the second quarter, the Company reduced its variable price sales
contracts and call options under the Premium Gold Sales Program from 6.1 million
ounces to 3.1 million ounces, as 3 million ounces expired, were converted to
spot deferred contracts, restructured or closed out. The spot deferred position
was 17.9 million ounces at June 30, 2002.

     "In the current market environment our total position should decline by a
further 1 million ounces by year-end, bringing the total reduction to 4 million
ounces for the year, or 17% of the Program," added Mr. Sokalsky.

HIGHER PRODUCTION AND LOWER COSTS EXPECTED IN SECOND HALF OF YEAR
Total production for the second quarter was marginally lower (2%) than plan at
1.35 million ounces of gold at total cash costs of $178 per ounce, generating
cash margins of $163 an ounce. Last year's production for the second quarter was
1.6 million ounces of gold at total cash costs of $163 per ounce, resulting in
cash margins of $157 per ounce. As announced earlier this year, lower production
and higher cash costs in 2002 relate to the phasing out of several mines,
planned lower grades processed at several operations (Goldstrike and Pierina).
As well, they relate to lower than planned performances at Hemlo, Kalgoorlie and
Meikle.

    "We expect a better second half, with higher production and lower costs, as
we believe we've resolved most of the operating challenges we had in the first
half," said John Carrington, Vice Chairman and Chief Operating Officer.

     The Company expects second half production to rise to 3 million ounces
compared to 2.7 million ounces in the first half. At the same time, total cash
costs are expected to decline to $168 per ounce from $177 per ounce achieved in
the first half of the year, as operational improvements and higher grades at
several operations contribute to better performance.

DISCOVERY FURTHER ENHANCES ORGANIC GROWTH PIPELINE
As a result of an intensified drilling program at the Alto Chicama Property's
Lagunas Norte deposit between April and June, the Company announced on July
10th, an updated inferred resource estimate of 135 million tons, grading 0.054
ounces per ton, for a total of 7.3 million ounces of gold. Early stage results
suggest the gold find is similar to the Pierina mine, 175 km away, in terms of
grades and gold-rich surface outcroppings. Significant potential for expanding
the resource exists.

     "We expect the resource to continue to expand over the next few quarters,
and in the meantime mine development planning is underway," said John
Carrington. "With Alto Chicama included, we're looking at an unmatched pipeline
of potential new production, at even lower costs than our existing production
base."

     In addition to the recent discovery at the Alto Chicama Property, Barrick's
growth pipeline includes: the 25-million ounce Pascua/Veladero Project in Chile
and Argentina; the 3-

--------------------------
1    For an explanation of non-GAAP performance measures refer to pages 14-15 of
     the management's discussion and analysis.

BARRICK SECOND QUARTER REPORT 2002         2                       PRESS RELEASE
<PAGE>

million-ounce Cowal Project in Australia; and the growing reserve and resource
base in Tanzania. Over the next few months, Barrick plans updates on these
projects, further confirming and quantifying the extent of the Company's new
growth outlook.

58TH  CONSECUTIVE QUARTER EXCEEDING SPOT GOLD PRICE
For the second quarter, 50 percent of production was sold at an average price of
$365 per ounce under the Company's Premium Gold Sales Program, a premium of $52
per ounce over the average spot price. Barrick's realized price under the
Program has now exceeded the spot price for 58 consecutive quarters. The
balance, (50 percent) of production, was sold at an average price of $317 per
ounce, $4 higher than the average spot gold price for the quarter. Overall, the
Company realized an average price of $341 per ounce on its gold sales, $28 per
ounce higher than the average spot price for the quarter, generating $40 million
in additional revenue. At the end of the quarter the Program consisted of 17.9
million ounces of spot deferred contracts and 3.1 million ounces of variable
price sales contracts and call options. The spot deferred contracts are
deliverable over the next 15 years at an average minimum price of $344 per
ounce.

     The additional revenue generated by the Premium Gold Sales Program further
strengthens the financial position of the Company, which has the strongest
balance sheet in the gold mining industry with the industry's only A-rating,
cash and short-term investments of $916 million, working capital of $695
million, and no net debt at the end of the quarter. The financial position of
the Company was further enhanced on April 29th, with the renewal of its undrawn
$1-billion unsecured credit facility for a further five years at attractive
terms.

IMPROVED FINANCIAL RESULTS IN SECOND HALF OF YEAR
With higher production and lower costs expected in the second half, full year
production should total 5.7 million ounces of gold at an average total cash cost
of $172 per ounce. The $5 per ounce by which cash costs are expected to exceed
plan for the year reflect higher royalties due to higher gold prices and a lower
than planned performance at some operations. Given the success of the
exploration effort at the Alto Chicama Property, the Company increased its
estimate for exploration and development spending by a further $10 million in
the quarter, resulting in a total of $95 million to be expensed in 2002, up from
the $55 million estimated at the beginning of the year. As a result of higher
cash costs and exploration and development expenses, the Company expects its
2002 earnings (excluding non-hedge-related adjustments) to be at the lower end
of its earlier earnings guidance of 42 to 47 cents, provided that spot gold
prices average $315 per ounce for the balance of the year.

     Barrick's shares are traded under the ticker symbol ABX on the Toronto, New
York, London and Swiss Stock Exchanges and the Paris Bourse.

BARRICK SECOND QUARTER REPORT 2002         3                       PRESS RELEASE
<PAGE>

Key Statistics


<TABLE>
<CAPTION>
(in United States dollars, US GAAP basis)                        Three months ended June 30,         Six months ended June 30,
                                                                 ---------------------------         -------------------------
(Unaudited)                                                          2002           2001               2002            2001
--------------------------------------------------------------------------------------------         -------------------------
<S>                                                                 <C>            <C>                <C>             <C>
Operating Results

Gold production (thousands of ounces)                               1,349          1,602              2,722           3,088

Gold sold (thousands of ounces)
                                                                    1,437          1,620              2,881           3,180

Per Ounce Data

     Average spot gold price                                        $ 313          $ 268              $ 302           $ 266

     Average realized gold price                                      341            320                335             320

     Cash operating costs (3)                                         171            155                170             154

     Total cash costs (1) (3)                                         178            163                177             161

     Total production costs (3)                                       268            236                265             240

--------------------------------------------------------------------------------------------         -------------------------

Financial Results (millions)

Gold sales                                                          $ 490          $ 518              $ 968          $1,017

Net income before non-hedge derivative gains (losses) (3)              48             72                 95             121

Net income                                                             59             58                105             145

Operating cash flow excluding payments of previously accrued
merger related costs (3)                                              187            196                366             398

Operating cash flow                                                   177            196                328             398

Per Share Data (dollars)

     Net income before non-hedge derivative gains (losses)(3)        0.09           0.13               0.18            0.22

     Net income (basic and diluted)                                  0.11           0.11               0.20            0.27

     Operating cash flow excluding payments of previously
     accrued merger related costs (3)                                0.35           0.36               0.68            0.74

     Operating cash flow                                             0.33           0.36               0.61            0.74

Common shares outstanding (as at June 30) (millions)(2)               542            536                542             536
--------------------------------------------------------------------------------------------         -------------------------
</TABLE>


                                       As at June 30,    As at Dec. 31,
                                           2002               2001
--------------------------------------------------------------------------------

Financial Position (millions)

Cash and short-term investments            $ 916             $ 733

Working capital                              695               484

Long-term debt                               781               793

Shareholders' equity                       3,319             3,192


--------------------------------------------------------------------------------

1 Includes royalties and production taxes.

2 Includes shares issuable upon exchange of HCI (Homestake Canada Inc.)
exchangeable shares.

3 For an explanation of non-GAAP performance measures refer to pages 14-15 of
managements' discussion and analysis.

BARRICK SECOND QUARTER REPORT 2002         4                 SUMMARY INFORMATION

<PAGE>

Production and Cost Summary

<TABLE>
<CAPTION>
                                         Production (attributable ounces)                  Total Cash Costs (US$/oz)
                                ---------------------------------------------    --------------------------------------------
                                3 months ended 06/30,   6 months ended 06/30,    3 months ended 06/30,  6 months ended 06/30,
                                ---------------------   ---------------------    ---------------------  ---------------------
  (Unaudited)                     2002        2001        2002        2001         2002         2001      2002          2001
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
<S>                            <C>         <C>         <C>         <C>             <C>         <C>         <C>         <C>
North America
   Betze-Post                    328,577     403,688     670,015     855,334     $   228       $ 214       $ 223      $  203
   Meikle                        155,058     186,804     297,673     348,636         192         147         201         134
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
   Goldstrike Property Total     483,635     590,492     967,688   1,203,970         217         193         217         183
   Eskay Creek                    91,614      82,323     176,896     159,371          32          50          32          48
   Round Mountain                 95,498      97,770     189,070     198,139         177         167         183         177
   Hemlo                          61,552      78,706     122,532     149,542         249         209         241         211
   Holt-McDermott                 21,243      20,037      43,097      36,484         191         185         163         189
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
                                 753,542     869,328   1,499,283   1,747,506         187         177         193         172
-----------------------------------------------------   ---------------------    ---------------------  ---------------------

South America
   Pierina                       183,324     221,517     397,973     427,283          80          39          72          41
Australia
   Plutonic                       79,710      94,526     141,937     150,427         174         151         180         166
   Darlot                         32,297      31,749      67,865      63,589         179         177         171         168
   Lawlers                        28,842      21,604      54,553      46,541         172         228         180         213
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
   Yilgarn District Total        140,849     147,879     264,355     260,557         172         169         178         176
   Kalgoorlie                     80,780     108,957     167,598     207,128         213         176         216         186
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
                                 221,629     256,836     431,953     467,685         189         172         193         181
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
Africa
   Bulyanhulu (1)                 84,165      63,579     169,199      63,579         203         206         205         206
Other/Mines closing in 2002      106,132     190,902     223,447     381,775         192         198         192         202
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
Total                          1,348,792   1,602,162   2,721,855   3,087,828       $ 178       $ 163       $ 177       $ 161
-----------------------------------------------------   ---------------------    ---------------------  ---------------------
</TABLE>

1 Commenced production April 2001

BARRICK SECOND QUARTER REPORT 2002         5                 SUMMARY INFORMATION

<PAGE>


Management's Discussion and Analysis of Financial and Operating Results

What follows is a discussion and analysis of the factors contributing to the
results of operations in second quarter 2002. The accompanying unaudited
consolidated financial statements and related notes, which are presented in
accordance with United States generally accepted accounting principles ("US
GAAP"), together with the following information, are intended to provide
investors with a reasonable basis for assessing our operations, but should not
serve as the only basis for predicting our future performance.

Overview
For second quarter 2002, we produced 1.35 million ounces of gold at total cash
costs of $178 per ounce, compared to 1.6 million ounces of gold at $163 per
ounce in second quarter 2001. Net income was $59 million ($0.11 per share),
compared to $58 million ($0.11 per share) for second quarter 2001. Before
non-hedge derivative transactions, net income was $48 million 1 ($0.09 per
share), compared to $72 million ($0.13 per share) for the year earlier period.
In second quarter 2002, operating cash flows -- excluding payments of previously
accrued merger costs -- totaled $187 million 1 ($0.35 per share), compared to
$196 million ($0.36 per share) for second quarter 2001 1. Including payments of
previously accrued merger costs, operating cash flows totaled $177 million 1
($0.33 per share).

GOLD SALES
Revenue for second quarter 2002 reached $490 million on gold sales of 1.4
million ounces, down from $518 million in revenue on 1.6 million ounces for
second quarter 2001. Lower revenue for the 2002 quarter resulted from an 11
percent decrease in gold sales, partially offset by a $21 per ounce, or 7
percent, increase in the average realized price. The increase in our average
realized price is due principally to higher spot gold prices, which averaged
$313 per ounce for the second quarter, compared to $268 per ounce in the year
earlier period. In the quarter, 50 percent of production was sold through the
Premium Gold Sales Program at $365 per ounce, generating a $52 per ounce premium
over the average spot price. We sold the balance of production at spot gold
prices, at an average price for the quarter of $317 per ounce. Overall, we
realized an average price of $341 per ounce, $28 higher than the average spot
price for the period, generating an additional $40 million in revenue.

     Future gold production committed under spot deferred contracts in our
Premium Gold Sales Program totaled 17.9 million ounces at quarter's end. This
represents approximately 22 percent of our proven and probable reserves,
deliverable over the next 15 years at an average price of $344 per ounce. For
the balance of the year, 50 percent of planned production is expected to be sold
at an average price of $365 per ounce, while the remaining 50 percent of
production will be sold at prevailing spot gold prices.

REVIEW OF OPERATIONS AND EXPLORATION AND DEVELOPMENT PROJECTS
Total operating costs for second quarter 2002 were $262 million, down from $284
million for the year earlier period. On a per ounce basis, total cash costs for
the quarter were $178 compared to $163 in second quarter 2001. Pierina and Eskay
Creek reported solid results, while lower production from a group of mines being
phased out by year-end and planned lower grades at Goldstrike and Pierina
combined with lower than planned performance at several other mines lead to
lower production and higher costs compared to the year earlier quarter.

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                            1,348,792      1,602,162      5,700,000
Total cash cost                           $ 178          $ 163          $ 172
--------------------------------------------------------------------------------

     The quarter saw significant growth of the recent discovery at Alto Chicama
in north-central Peru, enhancing the potential of

---------------------------
1    For an explanation of non-GAAP performance measures refer to pages 14-15 of
     the management's discussion and analysis.

BARRICK SECOND QUARTER REPORT 2002    6     MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

the Company's pipeline of growth projects. In addition to the discovery our
exploration and development effort focused on a feasibility study for the
Veladero project in Argentina, with encouraging drilling and metallurgical
results during second quarter 2002. At the Cowal project in Australia, drilling
resumed in the second quarter in an effort to optimize the scale and economics
of the project.

Goldstrike Property (Nevada)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                              483,635        590,492      2,064,000
Total cash cost                           $ 217           $193          $ 210
--------------------------------------------------------------------------------
o    Production and cash costs for the Property were in line with plan for
     second quarter 2002, with better than plan performance from Betze-Post
     offsetting lower than plan results at Meikle.

o    Lower production and higher costs compared to the year earlier quarter
     relate to lower grades processed (off 26%). This reflects the completion of
     mining of higher-grade areas in both the open pit and underground,
     partially offset by higher processing rates (up 13%). Higher mining and
     processing rates increased total costs at the Property, along with higher
     power costs, which were up $10 per ounce over 2001.

o    While production remains on track to surpass 2 million ounces, production
     and cash costs for the 2002 year are expected to be marginally below plan,
     due to lower first half performance from Meikle.

Betze-Post (Goldstrike Property)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                              328,577        403,688      1,387,000
Total cash cost                           $ 228          $ 214          $ 221
--------------------------------------------------------------------------------
o    Production and cash costs were marginally better than plan for second
     quarter 2002, due to higher grades mined (up 8%), higher throughput (up 5%)
     and lower unit costs, partially offset by lower recovery rates (off by 3%).

o    Lower production and higher costs compared to the year earlier quarter
     relate to lower grades processed (off 38%), with the completion of mining
     in a high-grade zone of the 7th West Layback, plus higher power costs (up
     $10 per ounce over 2001).

o    The Mine is on track to produce 20,000 ounces more than plan at cash costs
     in line with plan, as higher grades and throughput are expected to offset
     the continued low recovery rates (84.5%), due to the processing of
     difficult ores.

o    Due to lower mining and processing costs, the North Betze deposit is
     expected to be mined as an additional layback in the open pit, rather than
     through the underground, adding additional ounces to Property production
     over the remaining mine life.

Meikle (Goldstrike Property)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                              155,058        186,804        677,000
Total cash cost                           $ 192          $ 147          $ 186
--------------------------------------------------------------------------------
o    Production was lower than plan and cash costs higher than plan for second
     quarter 2002, due to delays in mining higher-grade stopes and higher mining
     costs due to higher ground support costs.

o    However, cash costs declined (by 9%) from first quarter 2002, due to higher
     grades (up 6%) and lower ground support costs.

o    Lower production and higher costs compared to the year earlier quarter are
     due in large part to lower grades processed (off 24%) with the completion
     of mining in higher-grade stopes of the Meikle deposit, higher ground
     support costs and higher power costs (up $5 per ounce).

o    Production in the second half of 2002 is expected to rise to 379,000 ounces
     with cash costs declining to $172 per ounce, due to mining higher grades
     and lower ground support costs.

o    Overall, production is expected to be lower than plan (off 4%) and cash
     costs higher than plan (up 8%) for the year.

o    A drill program is underway to better define mineralization at the Banshee
     target, with a decision on a Meikle-to-Banshee access drift due by
     year-end.

Eskay Creek (British Columbia)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
BARRICK SECOND QUARTER REPORT 2002    7     MANAGEMENT'S DISCUSSION AND ANALYSIS

<PAGE>

Production                               91,614         82,323        378,000
Total cash cost                            $ 32           $ 50           $ 22
--------------------------------------------------------------------------------
o    Production was better than plan for second quarter 2002, while cash costs
     were significantly lower than plan due to higher silver by-product credits.

o    Higher production and lower costs compared to the year earlier quarter
     relate to higher mining and processing rates, combined with the larger
     silver credit to costs.

o    The Mine is on track to exceed its production target (by 3%) at lower cash
     costs (down 50%) for the year. Whether the property meets those targets
     depends on the timely settlement of a strike at one of the two smelters
     that treat the Mine's ore.

o    A $2 million drill program is underway to follow up on encouraging results
     from late last year and the first half of this year.

Round Mountain (Nevada) (50% share)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               95,498         97,770        365,500
Total cash cost                           $ 177          $ 167          $ 200
--------------------------------------------------------------------------------
o    For second quarter 2002, production was in line with plan, while cash costs
     were lower than plan, due to deferral of certain activities to the second
     half of the year.

o    Lower production and higher costs compared to the year earlier quarter
     relate to lower recovery rates and higher rehandling costs.

o    The Mine is on track to meet its production and cash cost targets for the
     year.

o    The second phase exploration drill program on Gold Hill (5 miles from Round
     Mountain deposit) was completed during second quarter 2002. The program
     focused on shallow mineralization to assess the economics of a smaller
     starter pit.

Hemlo (Ontario) (50% share)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               61,552         78,706        290,000
Total cash cost                           $ 249          $ 209          $ 207
--------------------------------------------------------------------------------
o    Production in second quarter 2002 was lower than plan (off 25%), while cash
     costs were higher than plan (up 38%), due to geotechnical issues that
     forced a revision of the mine plan, deferring access to higher-grade stopes
     until the second half of the year.

o    Lower production and higher costs compared to the year earlier quarter
     relate to changes to the mine plan resulting in lower grades processed (off
     17%).

o    Production in the second half of 2002 is expected to rise to 167,000
     ounces, with cash costs declining to $180 per ounce with the mining of the
     higher-grade stopes deferred from the first half of the year.

o    Overall, forecast production is expected to be lower than plan (by 5%) with
     cash costs higher than plan (up 7%) for 2002.

Holt-McDermott (Ontario)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               21,243         20,037         91,000
Total cash cost                           $ 191          $ 185          $ 155
--------------------------------------------------------------------------------
o    Production was marginally lower than plan for second quarter 2002, while
     cash costs were above plan, due to higher mining and processing rates (up
     7%) and lower grades processed (off 13%).

o    Production and cash costs were marginally higher than the year earlier
     quarter, due to marginally higher grades (up 2%) and mining and processing
     rates (up 5%).

o    For the year, production is expected to be marginally higher than plan (by
     1%), with cash costs also higher than plan (by 5%), due to lower grades
     processed.

Pierina (Peru)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                              183,324        221,517        845,000
Total cash cost                            $ 80           $ 39           $ 78
--------------------------------------------------------------------------------
o    Production and cash costs were in line with plan for second quarter 2002.

o    Lower production and higher costs compared to the year earlier quarter
     relate to lower grades processed (off 47%) and the first year of
     amortization of deferred mining costs.

BARRICK SECOND QUARTER REPORT 2002    8     MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

o    The Mine is on track to exceed its production target (by 3%) at similar
     cash costs, due to higher mining and processing rates.

Yilgarn District (Western Australia)
Plutonic

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               79,710         94,526        310,000
Total cash cost                           $ 174          $ 151          $ 178
--------------------------------------------------------------------------------
o    Production in second quarter 2002 was lower than plan (off 13%), while cash
     costs were higher than plan (up 14%), due to lower grades processed. The
     lower grades resulted from slower access to the higher-grade Timor stopes,
     and lower mining rates in the open pit, due to changes in mine sequencing,
     which forced a processing shift to low-grade stockpile ore.

o    Lower production and higher costs compared to the year earlier quarter
     primarily relate to lower grades processed (off 14%).

o    Production in the second half of 2002 is expected to rise to 168,000
     ounces, as cash costs decline to $171 per ounce with the mining of the
     higher-grade stopes in the Timor zone and a return to a higher open pit
     mining rate.

o    As a result, forecast production is expected to be lower than plan (by 5%)
     with cash costs higher than plan (by 14%) for the year.

Darlot

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               32,297         31,749        142,500
Total cash cost                           $ 179          $ 177          $ 166
--------------------------------------------------------------------------------
o    Production was in line with plan for second quarter 2002, while cash costs
     were higher than plan due to accelerated development work to access
     higher-grade stopes.

o    Production and cash costs were similar to the year earlier quarter.

o    For the year, production is expected to be marginally higher than plan (by
     2%) with cash costs higher than plan (by 7%) due to increased development
     costs.

Lawlers

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               28,842         21,604        111,500
Total cash cost                           $ 172          $ 228          $ 181
--------------------------------------------------------------------------------
o    Production in second quarter 2002 was better than plan, while cash costs
     were lower than plan as a result of higher grades and recovery rates at the
     property.

o    Higher production and lower costs compared to the year earlier quarter
     relate to higher grades (up 36%) and higher recovery rates (up by 5%).

o    For the year, the Mine is on track to exceed its production target (by 3%)
     at similar cash costs.

Kalgoorlie - Super Pit (Western Australia) (50% share)

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               80,780        108,957        366,500
Total cash cost                           $ 213          $ 176          $ 218
--------------------------------------------------------------------------------
o    Production in second quarter 2002 was lower than plan (by 4%), due to lower
     grades processed (off 5%), while cash costs were lower than plan (by 8%),
     as a result of lower operating costs, which more than offset the lower
     production.

o    Lower production and higher costs compared to the year earlier quarter
     relate to lower grades processed (off 18%), lower recovery rates (off 3%)
     and higher unit mining and processing costs.

o    Production in the second half of 2002 is expected to rise to 198,000
     ounces, with cash costs rising to $222 per ounce, as higher mining rates in
     the open pit result in higher grades processed.

o    As a result, for the year, production is expected to be in line with plan,
     while cash costs are expected to be higher than plan (by 6%).

o    A joint venture committee has been formed to explore operating initiatives
     that will improve Kalgoorlie's cost structure and operating system.

Bulyanhulu (Tanzania)

BARRICK SECOND QUARTER REPORT 2002    9     MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                               84,165         63,579        362,000
Total cash cost                           $ 203          $ 206          $ 191
--------------------------------------------------------------------------------
o    For second quarter 2002, production was in line with plan, with higher
     mining and processing rates offsetting lower grades processed as more
     development ore was processed versus higher-grade open-stope ore. Cash
     costs were higher than plan (by 9%), due to lower grades processed, as well
     as, higher transportation and refining costs (up $13 per ounce).

o    Higher production compared to the year earlier quarter is a consequence of
     higher processing rates (up 22%) and higher recovery rates (up by 7%),
     while cash costs were similar.

o    Production in the second half of 2002 is expected to rise to 193,000 ounces
     as cash costs decline to $177 per ounce, as a result of improved grades
     mined, higher recovery rates and lower transportation and refining costs
     realized through modifications to the process facilities completed in June
     2002.

o    With the modifications complete, recovery rates have increased from the 86%
     average for second quarter 2002 to 88% in early July. With the processing
     of higher-grade ore, the recovery rates are expected to reach design of
     89%.

o    For the year, production is expected to be in line with plan, while cash
     costs are expected to be higher than plan (by 10%).

Other Properties

--------------------------------------------------------------------------------
                                        Q2 2002        Q2 2001          2002E
--------------------------------------------------------------------------------
Production                              106,132        190,902        365,000
Total cash cost                           $ 192          $ 198          $ 188
--------------------------------------------------------------------------------
o    Lower production during the quarter is due to the closure of 2 mines since
     the second quarter of last year and the winding down of 4 more.

o    By year's end, all of the mines in this group are expected to have ceased
     operations due to the depletion of reserves, with the exception of
     Marigold, which produces about 30,000 ounces per year.

DEVELOPMENT AND EXPLORATION UPDATE

Alto Chicama (Peru)
On July 10th we announced the doubling of the inferred gold resource at this
recent grassroots exploration discovery. As a result of an intensified drilling
program at the property's Lagunas Norte deposit during second quarter 2002, we
calculated an inferred resource of 135 million tons, grading 0.054 ounces per
ton for a total of 7.3 million ounces of gold. This compares to an inferred
resource of 3.5 million ounces of gold, as initially announced on April 23,
2002. Preliminary metallurgical results on the oxide material indicate the ore
is amenable to heap leaching. The resource remains open to the south and
southeast.

     During second quarter 2002, 112 drill holes were completed and assayed,
bringing the total to date to 172. We are planning an additional 200 drill holes
on the discovery, to bring drill spacing to reserve status density by year-end.
Exploration in the second half of 2002 will focus on step out drilling at
Lagunas Norte in order to continue to expand the resource. An additional
exploration drill program is due to commence in third quarter 2002, targeted on
gold showings identified during fieldwork within a 15 km radius of the deposit.

     For the balance of the year, our objectives include metallurgical test work
and mine and process planning for completion of a feasibility study in 2003. We
will also begin the permitting process for the Lagunas Norte deposit.

     Based on the encouraging results, the 2002 exploration and development
program was increased from $5 million to $20 million in the first quarter, and a
further $15 million in second quarter 2002 to a total of $35 million for the
year. These costs are expected to be expensed in 2002.

Pascua/Veladero District (Chile and Argentina)
The 25 million-ounce Pascua/Veladero district is one of the largest undeveloped
gold districts in the world. With the completion of the Homestake merger, we are
taking a unified approach to development, which is expected to entail two large
open pit mines located five miles from one another, sharing infrastructure,
administration and service functions. The Veladero deposit is expected to be
developed first, followed by the larger Pascua-Lama deposit.

BARRICK SECOND QUARTER REPORT 2002    10    MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

     The program for 2002 at Veladero includes: detailed definition drilling to
expand the resource; continued bulk metallurgical test work for optimization
purposes; and drifting into the ore body for bulk sampling and geotechnical
investigation. Approximately 825 tons of ore grade material have been removed
from the tunnel and tested on leach pads set up on site to provide optimal
design criteria. An updated feasibility study is scheduled for completion in
third quarter 2002. At this point, the study envisions a valley fill heap leach
with two-stage crushing and a Merrill-Crowe recovery system. Infill drill
results and heap leach testing during the first half of 2002 were very
encouraging; those results will be supplemented by an additional column test
scheduled for third quarter 2002.

     The recent devaluation of the Argentinean peso also effects development
costs at Pascua/Veladero. As in the case of other mining operations around the
world in countries experiencing devaluation, the Argentinean devaluation should
have a positive impact on both capital and operating costs for Veladero and
Pascua-Lama. For the year, an additional $15 million of exploration and
development is expected to be incurred for Veladero, above the previous $9
million budget for the Pascua/Veladero district.

     At Pascua-Lama, the focus is on the evaluation of synergies with Veladero,
the impact of the peso devaluation on the project's economics, as well as
advancing optimization work and the permitting process.

Tanzania (East Africa)
In Tanzania, drill programs are underway on seven properties, testing targets
outlined during last year's program. With positive initial results, airborne
geophysical surveys and ground surveys are underway on other earlier stage
properties and are identifying new targets for drill testing later in 2002. A 6
kilometer-long gold-bearing structure is being delineated on the Kirondatal
property, located 240 kilometers southeast of Bulyanhulu. Two mineralized zones
were intersected that extend from surface to a depth of at least 65 meters,
while a feasibility study for the Tulawaka project is expected in the fourth
quarter 2002.

Australia
In Australia, metallurgical test work is underway, aimed at optimizing the scope
and economics of the Cowal project. The 20,000-meter drill program, which began
during first quarter 2002, was halted on March 22, when a New South Wales court
granted an interim injunction over the protection of relics. That injunction has
since been lifted, and we have resumed our inspection, clearance and
preservation of artifacts in accordance with its Section 87 permit. Currently
there are four drills at work on cleared areas of the Cowal property.

     Additional exploration drill programs are underway elsewhere in Australia,
including the testing of targets for Plutonic-style mineralization on the
extensive Plutonic Mine property. The field program at the Tanami joint venture
began in second quarter 2002.

United States
Ten targets will be tested on the Dee and Rossi properties with a 29,000-foot
drill program during the second half of 2002. At Ren, 18,000 feet of drilling
was completed during the first half of the year, with positive results. The 2002
Ren drill program calls for six more targets to be tested during the third and
fourth quarters.

AMORTIZATION
Amortization totaled $126 million, or $82 per ounce in second quarter 2002,
compared to $119 million, or $71 per ounce in the year earlier quarter. The
increase in amortization per ounce is due to higher amortization at Goldstrike
with the completion of construction of Rodeo in 2001 and the reduction of
reserves at Meikle.

ADMINISTRATION
In second quarter 2002, administration costs were
$16 million, a decrease of $7 million, or 30 percent lower than the year earlier
period, reflecting the effect of integrating Barrick and Homestake and the
associated administrative synergies.

BARRICK SECOND QUARTER REPORT 2002    11    MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

INTEREST AND OTHER INCOME
The principal component of interest and other income is interest received on
cash and short-term investments. Interest Income totaled $5 million in the
second quarter 2002 compared to $8 million in the year earlier quarter. The
higher second quarter 2001 amount also reflects gains totaling $10 million on
foreign currency translation and pension plan curtailments related to certain
Homestake operations.

INTEREST ON LONG-TERM DEBT
We incurred $16 million in interest costs in both second quarter 2002 and 2001
related primarily to our $500 million of debentures, and the $200 million
Bulyanhulu project financing. In second quarter 2001, $10 million of interest
costs were capitalized at Rodeo, Bulyanhulu and Pascua, whereas none of these
projects qualified for capitalization of interest in 2002, as a result of
completion or deferral of construction.

NON-HEDGE DERIVATIVE GAINS (LOSSES)
During second quarter 2002, we announced a two-tier simplification of our
Premium Gold Sales Program. First, we announced that we will reduce the number
of written call options and variable price sales contracts outstanding by 3
million ounces through the expiry or conversion of call options to spot deferred
contracts and deliveries under variable price sales contracts which we
accomplished in the second quarter. Second, we announced that we would eliminate
the notional amount of our spot deferred contracts invested in corporate bond
funds through total return swaps. During the quarter, this position was reduced
by $358 million, or 47% of the notional amount.

     The overall Program will be smaller, simpler and better positioned to take
greater advantage of rising gold prices. At the same time, we expect that the
Program will continue to provide secure and predictable cash flows. These
changes follow our previously announced decision to sell 50 percent of our
production at the spot price, for the first time in 14 years. In prior years,
100 percent of our annual production was delivered against the Premium Gold
Sales Program.

     The total mark-to-market gain on the non-hedge derivative positions that
were included in earnings was $12 million in second quarter 2002, compared to a
mark-to-market loss of $19 million on non-hedge derivative positions in the year
earlier period.

     The principal components of the mark-to-market gains and losses are
disclosed in note 5F to our interim financial statements.

     During the quarter, we added C$441 million and A$387 million of foreign
currency hedges to protect our Canadian and Australian dollar operating costs
with the recent weakness of the U.S. dollar. With these positions we now have
100 percent of our Canadian dollar operating costs through 2004 hedged and 50
percent of our Australian dollar costs hedged through 2006.

INCOME TAXES
The decline in the effective rate compared to the year earlier period is
primarily due to a higher portion of earnings being realized in lower tax rate
jurisdictions, and the benefit of tax synergies associated with the Homestake
merger, primarily related to integrating our North American operations. Should
spot gold prices remain at current levels, we expect the effective tax rate to
remain at approximately the present level throughout the balance of 2002. If
gold prices were to rise substantially, we would expect the effective tax rate
to rise, with a higher portion of earnings being earned in the United States,
Canada, Australia, Peru and Tanzania where tax rates are higher.

LIQUIDITY AND CAPITAL RESOURCES
We believe our ability to generate cash flow from operations to reinvest in our
business is one of our fundamental financial strengths. Combined with our large
cash and short-term investment balance of $916 million at June 30, 2002, and our
$1 billion undrawn bank facility, which we renewed on April 29, 2002 for another
five-year term, we have sufficient access to capital resources if required. We
anticipate that our operating activities in 2002 will continue to provide us
with cash flows necessary for us to continue developing our internal projects
and to utilize for potential acquisitions.

     We generated operating cash flow of $177 million in second quarter 2002,
compared to $196 million in the year earlier period. The lower cash flow in
second quarter 2002 is

BARRICK SECOND QUARTER REPORT 2002    12    MANAGEMENT'S DISCUSSION AND ANALYSIS

<PAGE>

due in large part to $10 million in merger related payments that had been
accrued at December 31, 2001 and were paid in the second quarter. With 50
percent of our gold expected to be sold at spot market prices for the balance of
2002, the volatility of gold prices will affect the amount of our operating cash
flow through the remainder this year.

INVESTING ACTIVITIES
Our principal investing activities are for sustaining capital at our existing
operating properties, new mine development and property and company
acquisitions.

Capital Expenditures
Capital expenditures for the second quarter 2002 totaled $90 million, compared
to $140 million in the same period in 2001. The decline is principally due to
$35 million being spent in 2001 to complete the construction of the Bulyanhulu
mine, and $18 million spent on development activities at Pascua-Lama. Principal
expenditures in the second quarter of 2002 included $49 million in North
America, comprised primarily of deferred stripping and underground development
at Goldstrike. In Tanzania, capital expenditures included $16 million spent at
the Bulyanhulu Mine on underground development. In Australia, capital
expenditures were $10 million to cover underground development and new mining
equipment, while in South America capital expenditures were $8 million,
primarily for Pierina ($5 million) and engineering and development work at
Pascua-Lama ($3 million).

FINANCING ACTIVITIES
During the second quarter 2002, our cash outflow from financing activities was
$14 million, compared with an outflow of $21 million in the second quarter of
2001. In the second quarter of 2002, we generated cash of $46 million from the
exercise of stock options, offset by dividend payments totaling $60 million. In
the second quarter of 2001 the outflow principally related to dividends payments
of $44 million was offset by the final drawdown on our Bulyanhulu project
financing facility ($22 million).

OUTLOOK
We believe considerable opportunities exist within our existing asset base for
profitable growth, not only from our new pipeline of projects but from our
operating mines as well. We believe that consolidation and rationalization of
the gold industry will continue, and that - given our strong balance sheet and
substantial cash flows - we are well positioned to participate in the
consolidation in ways that add value to our Company.

     For the second half of 2002, 50 percent of the projected production of 3
million ounces of gold is expected to be sold at $365 per ounce, with the
balance sold at spot gold prices bringing total production for the year to 5.7
million ounces, in line with plan. Total cash costs are expected to average $172
per ounce, $5 higher than plan due to higher royalties and lower than planned
performance at several operations during the first half of the year. Total
production costs are expected to total $262 per ounce, 3% higher than plan. In
addition, the Company expects exploration expenses to be $95 million, up from
$55 million at the beginning of the year. The higher exploration and development
expenses are due to increased activity at Alto Chicama and expensing more costs
at Veladero. Based on the higher cash and exploration and development costs, we
expect earnings at the bottom end of our earlier earnings guidance of 42 to 47
cents, based on spot gold prices averaging $315 for the balance of the year.
Capital spending is expected to total $228 million (excluding deferred stripping
costs of $126 million). This would be the lowest level in 14 years which, based
on current gold prices, would result in the highest free cash flows in our
history.

     We enter the second half of 2002 with the strongest balance sheet in the
gold mining industry, a portfolio of high-quality low-cost, long-life
properties, a promising growth pipeline, a cash and short-term investment
position of $916 million and no net debt.

NON-GAAP MEASURES
We have included measures of earnings before non-hedge derivative gains and
losses and operating cash flow excluding payments of previously accrued merger
related costs, because we believe that this information will assist investors'
understanding of the level of our core earnings and to assess our

BARRICK SECOND QUARTER REPORT 2002    13    MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

performance in 2002 compared to the prior year. We believe that conventional
measures of performance prepared in accordance with United States generally
accepted accounting principles ("GAAP") do not fully illustrate our core
earnings. These non-GAAP performance measures do not have any standardized
meaning prescribed by GAAP and therefore are unlikely to be comparable to
similar measures presented by other companies. Accordingly, they are intended to
provide additional information and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with GAAP. Below
is a reconciliation of these non-GAAP performance measures.

Reconciliation of Net Income Before Derivative Transactions to GAAP Net Income
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                                                            Three months ended June 30,     Six months ended June 30,
(in millions of United States dollars)                               2002          2001          2002            2001
---------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>           <C>           <C>            <C>
Net income before non-hedge derivative gains and losses              $ 48          $ 72          $ 95           $ 121
Non-hedge derivative gains (losses) (net of tax effects)               11           (14)           10              24
---------------------------------------------------------------------------------------------------------------------
Net income for the period                                            $ 59          $ 58         $ 105           $ 145
---------------------------------------------------------------------------------------------------------------------
</TABLE>

Reconciliation of Free Cash Flow to Operating Cash Flow

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                                                            Three months ended June 30,     Six months ended June 30,
(in millions of United States dollars)                               2002          2001          2002            2001
---------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>           <C>           <C>            <C>
Free Cash Flow                                                       $ 87          $ 56         $ 160           $ 68
Capital Expenditures and Mine Development Costs                        90           140           168            330
---------------------------------------------------------------------------------------------------------------------
Operating cash flow                                                 $ 177         $ 196         $ 328          $ 398
---------------------------------------------------------------------------------------------------------------------
</TABLE>

Reconciliation of Operating Cash Flow Excluding Payments of Previously Accrued
Merger Related Costs to Operating Cash Flow

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------
                                                            Three months ended June 30,     Six months ended June 30,
(in millions of United States dollars)                               2002          2001          2002            2001
---------------------------------------------------------------------------------------------------------------------
<S>                                                                  <C>           <C>           <C>            <C>
Operating cash flow excluding payments of previously
accrued merger related costs                                        $ 187         $ 196         $ 366           $ 398
Payments of previously accrued merger related costs                   (10)            -           (38)              -
---------------------------------------------------------------------------------------------------------------------
Operating cash flow                                                 $ 177         $ 196          $ 328          $ 398
---------------------------------------------------------------------------------------------------------------------
</TABLE>

We have included cash costs per ounce data because we understand that certain
investors use this information to determine the Company's ability to generate
cash flow for use in investing and other activities. We also make reference to
the term "free cash flow", which we define as cash flow from operations less
cash used in the purchase of property, plant and equipment. This cash is
available to reinvest in our business or to return to shareholders, either
through dividends or share repurchases.

We believe that conventional measures of performance prepared in accordance with
GAAP do not fully illustrate the ability of the operating mines to generate cash
flow. The data is intended

BARRICK SECOND QUARTER REPORT 2002    14    MANAGEMENT'S DISCUSSION AND ANALYSIS
<PAGE>

to provide additional information and should not be considered in isolation or
as a substitute for measures of performance prepared in accordance with GAAP.
The measures are not necessarily indicative of operating profit or cash flow
from operations as determined under GAAP.

Reconciliation of Total Cash Costs Per Ounce to Financial Statements
<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                                  Three months ended June 30,     Six months ended June 30,
(in millions of United States dollars except per ounce amounts)            2002          2001          2002            2001
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                       <C>           <C>           <C>             <C>
Operating costs per financial statements                                  $ 262         $ 284         $ 528           $ 549
Reclamation and closure costs                                                (7)          (20)          (18)            (34)
---------------------------------------------------------------------------------------------------------------------------
Operating costs for per ounce calculation                                 $ 255         $ 264         $ 510           $ 515
---------------------------------------------------------------------------------------------------------------------------
Ounces sold (thousands)                                                   1,437         1,620         2,881           3,180
Total cash costs per ounce                                                $ 178         $ 163         $ 177           $ 161
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

Total cash costs per ounce data is calculated in accordance with The Gold
Institute Production Cost Standard (the "Standard"). The Gold Institute is a
worldwide association of suppliers of gold and gold products and includes
leading North American gold producers. Adoption of the Standard is voluntary,
and the data presented may not be comparable to data presented by other gold
producers. Cash costs per ounce are derived from amounts included in the
Statements of Income and include mine site operating costs such as mining,
processing, administration, royalties and production taxes, but exclude
amortization, reclamation costs, financing costs, and capital, development and
exploration.

BARRICK SECOND QUARTER REPORT 2002    15    MANAGEMENT'S DISCUSSION AND ANALYSIS

<PAGE>

Consolidated Statements of Income


<TABLE>
<CAPTION>
(in millions of United States dollars,
 except per share data, US GAA                                       Three months ended June 30,    Six months ended June 30,
                                                                     ---------------------------    -------------------------
  (Unaudited)                                                            2002         2001               2002           2001
------------------------------------------------------------------------------------------------    -------------------------
<S>                                                                     <C>            <C>            <C>            <C>
Gold sales                                                              $   490        $   518        $   968        $ 1,017
------------------------------------------------------------------------------------------------    -------------------------
Costs and expenses

Operating                                                                   262            284            528            549

Amortization                                                                126            119            249            237

Administration                                                               16             23             33             45

Exploration and business development                                         27             25             47             54
------------------------------------------------------------------------------------------------    -------------------------
                                                                            431            451            857            885
------------------------------------------------------------------------------------------------    -------------------------

Interest and other income                                                     7             21             16             23

Interest on long-term debt                                                  (16)            (6)           (29)           (10)

Non-hedge derivative gains (losses) (note 5F)                                12            (19)            11             33
------------------------------------------------------------------------------------------------    -------------------------
Income before income taxes and other item                                    62             63            109            178

Income taxes                                                                 (3)            (5)            (4)           (32)
------------------------------------------------------------------------------------------------    -------------------------
Income before cumulative effect of change in accounting principle            59             58            105            146

Cumulative effect of change in accounting principle                          --             --             --             (1)
------------------------------------------------------------------------------------------------    -------------------------
Net income                                                              $    59        $    58        $   105        $   145
------------------------------------------------------------------------------------------------    -------------------------

Comprehensive income (note 8)                                           $    66        $    76        $   103        $   128
------------------------------------------------------------------------------------------------    -------------------------
Per share data (note 3A)

Income before cumulative effect of change in accounting principle

Basic and diluted                                                       $  0.11        $  0.11        $  0.20        $  0.27

Net income

Basic and diluted                                                       $  0.11        $  0.11        $  0.20        $  0.27
------------------------------------------------------------------------------------------------    -------------------------
See accompanying notes to interim unaudited consolidated financial statements
</TABLE>


BARRICK SECOND QUARTER REPORT 2002            16            FINANCIAL STATEMENTS

<PAGE>

Consolidted Statements of Cash Flow


<TABLE>
<CAPTION>
(in millions of United States dollars, US GAAP basis)          Three months ended June 30,      Six months ended June 30,
                                                               ---------------------------      -------------------------
(Unaudited)                                                        2002           2001            2002            2001
------------------------------------------------------------------------------------------      -------------------------
<S>                                                              <C>             <C>             <C>             <C>
Cash provided by operating activities (note 9)                   $ 177           $ 196           $ 328           $ 398
------------------------------------------------------------------------------------------      -------------------------
Cash provided by (used in) investing activities
Property, plant and equipment                                      (90)           (140)           (168)           (330)
Short-term investments                                              58            (200)            130            (318)
Other                                                                3              (1)              3              (7)
------------------------------------------------------------------------------------------      -------------------------
Cash (used in) investing activities                                (29)           (341)            (35)           (655)
------------------------------------------------------------------------------------------      -------------------------
Cash provided by (used in) financing activities
Capital stock (note 3)                                              46               6              81               6
Long-term debt
    Proceeds                                                      --                22            --                54
    Repayments                                                    --                (5)             (1)             (6)
Dividends (note 3C)                                                (60)            (44)            (60)            (44)
------------------------------------------------------------------------------------------      -------------------------
Cash provided by (used in) financing activities                    (14)            (21)             20              10
------------------------------------------------------------------------------------------      -------------------------
Effect of exchange rate changes on cash and equivalents           --                 2            --                 1
Increase (decrease) in cash and equivalents                        134            (164)            313            (246)
Cash and equivalents at beginning of period                        753             734             574             816
------------------------------------------------------------------------------------------      -------------------------
Cash and equivalents at end of period                            $ 887           $ 570           $ 887           $ 570
------------------------------------------------------------------------------------------      -------------------------
</TABLE>

See accompanying notes to interim unaudited consolidated financial statements.

BARRICK SECOND QUARTER REPORT 2002            17            FINANCIAL STATEMENTS

<PAGE>

Consolidated Balance Sheets

<TABLE>
<CAPTION>
(in millions of United States dollars,
 US GAAP basis)                                               As at June 30,            As at Dec. 31,
(Unaudited)                                                             2002                      2001
----------------------------------------------------------------------------            --------------
<S>                                                               <C>                    <C>
Assets
    Current assets
    Cash and equivalents                                          $   887                $   574
    Short-term investments                                             29                    159
    Accounts receivable                                                63                     58
    Inventories and other current assets (note 4)                     192                    223
----------------------------------------------------------------------------            --------------
                                                                    1,171                  1,014
    Property, plant and equipment                                   3,766                  3,912
    Other assets                                                      281                    276
----------------------------------------------------------------------------            --------------
                                                                  $ 5,218                $ 5,202
----------------------------------------------------------------------------            --------------
Liabilities
    Current liabilities
    Accounts payable and accrued liabilities                      $   456                $   521
    Current portion of long-term debt                                  20                      9
----------------------------------------------------------------------------            --------------
                                                                      476                    530
    Long-term debt                                                    781                    793
    Other long-term obligations                                       410                    443
    Deferred income taxes                                             232                    244
----------------------------------------------------------------------------            --------------
                                                                    1,899                  2,010
----------------------------------------------------------------------------            --------------
Shareholders' equity
    Capital stock (note 3)                                          4,146                  4,062
    Deficit                                                          (718)                  (763)
    Accumulated other comprehensive loss                             (109)                  (107)
----------------------------------------------------------------------------            --------------
                                                                    3,319                  3,192
----------------------------------------------------------------------------            --------------
                                                                  $ 5,218                $ 5,202
----------------------------------------------------------------------------            --------------
</TABLE>

See accompanying notes to interim unaudited consolidated financial statements.
Contingencies (note 6)


BARRICK SECOND QUARTER REPORT 2002            18            FINANCIAL STATEMENTS

<PAGE>

Consolidated Statement of Changes


 in Shareholders' Equity

<TABLE>
<CAPTION>
                                                                                                 Accumulated other
                                                                                             comprehensive income (loss)
                                                                                           -------------------------------
                                                                                            Cumulative
                                                  Capital stock                               foreign                         Total
                                             -----------------------                          currency                        share-
(in millions of United States dollars,         Shares                                      translation   Derivative         holders'
US GAAP basis) (Unaudited)                   (millions)       Amount          (Deficit)    adjustments   instruments  Other   equity
------------------------------------------------------------------------------------------------------------------------------------
<S>                                               <C>        <C>               <C>            <C>            <C>     <C>     <C>
Balance December 31, 2001                         536        $ 4,062           $  (763)       $  (123)       $ 24    $ (8)   $ 3,192

Capital stock (note 3)                              6             84                                                              84

Net income                                                                         105                                           105

Dividends paid (note 3C)                                                           (60)                                         (60)

Other comprehensive income (loss) (note                                                           (12)         13       (3)      (2)
------------------------------------------------------------------------------------------------------------------------------------
Balance June 30, 2002                             542        $ 4,146           $  (718)       $  (135)       $ 37    $ (11)  $ 3,319
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

See accompanying notes to interim unaudited financial consolidated statements.


BARRICK SECOND QUARTER REPORT 2002            19            FINANCIAL STATEMENTS


<PAGE>

Notes to Unaudited Interim Consolidated Financial Statements (US GAAP)

Tabular dollar amounts in millions of United States dollars, unless otherwise
indicated, US GAAP basis. References to C$ and A$ are Canadian and Australian
dollars, respectively.

1   BASIS OF PREPARATION
The accompanying unaudited interim consolidated financial statements have been
prepared in accordance with the rules and regulations of the United States
Securities and Exchange Commission for the preparation of interim financial
information. Accordingly, they do not include all of the information and
disclosures required by United States generally accepted accounting principles
("GAAP") for annual consolidated financial statements. Except as disclosed in
note 2, the accounting policies used in the preparation of the accompanying
unaudited interim consolidated financial statements are as those described in
our audited consolidated financial statements and the notes thereto for the
three years ended December 31, 2001.

     In the opinion of management, all adjustments considered necessary for fair
presentation of results for the periods presented have been reflected in these
financial statements. Operating results for the period ended June 30, 2002 are
not necessarily indicative of the results that may be expected for the full year
ending December 31, 2002. These unaudited interim consolidated financial
statements should be read in conjunction with the audited annual financial
statements and the notes thereto for the three years ended December 31, 2001.

     The preparation of our consolidated financial statements requires
management to make estimates and assumptions that affect the reported amounts of
assets and liabilities and disclosures of contingent assets and liabilities at
the date of the financial statements and the reported amounts of revenues and
expenses during the reporting period. Actual results could differ from those
estimates.

     On December 14, 2001, a wholly owned subsidiary of Barrick merged with
Homestake Mining Company ("Homestake"). The merger was accounted for as a
pooling-of-interests. The unaudited interim financial statements give
retroactive effect to the merger, with all periods presented as if Barrick and
Homestake had always been combined. Certain reclassifications have been made to
conform the presentation of Barrick and Homestake.

2    ACCOUNTING CHANGES
A    Goodwill and Other Intangible Assets
We adopted FASB Statement No. 142, Goodwill and Other Intangible Assets (SFAS
142), effective January 1, 2002. Since we had no goodwill or other intangible
assets at the date of adoption, this accounting change had no effect on our
consolidated financial statements.

B    Accounting for the Impairment or Disposal of Long-lived Assets
We adopted FASB Statement No. 144, Accounting for the Impairment or Disposal of
Long-lived Assets (SFAS 144), effective January 1, 2002. The adoption of this
new statement had no effect on our consolidated financial statements.

BARRICK SECOND QUARTER REPORT 2002 20 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>


3    CAPITAL STOCK

A    Net income per share
Net income per share was calculated on the basis of the weighted average number
of common shares outstanding for the period ended June 30, 2002 which amounted
to 539 million shares (2001 - 536 million shares).

     Diluted net income per share reflects the dilutive effect of the exercise
of the common share purchase options outstanding as at the end of the period.
The number of shares for the diluted net income per share calculation for 2002
and 2001 was 541 million shares and 536 million shares, respectively.

B    Common share purchase options

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------
                                                  Common       Weighted                  Common       Weighted
                                                  shares        average                  shares        average
                                              (millions)     price (C$)              (millions)    price (US$)
--------------------------------------------------------------------------------------------------------------
<S>                                                   <C>     <C>                           <C>      <C>
Outstanding as at December 31, 2001                   19      $   28.29                      6       $   16.67
2002 activity:
     Granted                                           1          29.96                      -               -
     Exercised                                        (4)         24.80                     (2)          11.98
     Cancelled or expired                             (1)         33.53                     (1)          13.50
--------------------------------------------------------------------------------------------------------------
Outstanding as at June 30, 2002                       15      $   28.51                      3       $   21.06
--------------------------------------------------------------------------------------------------------------
</TABLE>
FASB Statement No. 123 ( SFAS 123) encourages, but does not require, companies
to include in compensation cost the fair value of stock options granted to
employees.

     A Company that does not adopt the fair-value method must disclose the cost
of stock compensation awards, at their fair value on the date the award is
granted. The fair value of common share purchase options granted in the period
ended June 30, 2002 was $2 million, estimated using the Black-Scholes model with
the following assumptions: a 6-year expected term, 30% volatility, interest
rates of 6% and an expected dividend yield of 1.5%. Under SFAS 123 the cost of
stock compensation, and the resulting pro forma net income per share would be as
follows:

<TABLE>
<CAPTION>
------------------------------------------------------------------------------------------------------------
                                            Three months ended June 30,            Six months ended June 30,
                                                    2002           2001                   2002          2001
------------------------------------------------------------------------------------------------------------
<S>                                                <C>            <C>                    <C>           <C>
Stock compensation cost                            $   5          $   8                  $  10         $  15
Pro forma net income                               $  54          $  50                  $  95         $ 130
Pro forma net income per share (dollars)           $0.10          $0.09                  $0.18         $0.24
------------------------------------------------------------------------------------------------------------
</TABLE>

C   Dividends
In the three months ended June 30, 2002, the Company declared and paid dividends
in United States dollars totaling $0.11 per share.


BARRICK SECOND QUARTER REPORT 2002 21 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>

4    INVENTORIES AND OTHER CURRENT ASSETS

--------------------------------------------------------------------------------
                                             June 30, 2002       Dec. 31, 2001
--------------------------------------------------------------------------------
Gold in process and ore in stockpiles                 $ 93               $ 134
Mine operating supplies                                 73                  72
Derivative instruments (note 5)                         26                  17
--------------------------------------------------------------------------------
                                                      $192                $223
--------------------------------------------------------------------------------

Gold in process and ore in stockpiles excludes $27 million (December 31, 2001 -
$46 million) of stockpiled ore which is not expected to be processed in the
following 12 months. This amount is included in other assets.

5   DERIVATIVE INSTRUMENTS
A   Derivative instruments
We utilize over-the-counter ("OTC") contracts as the primary basis for entering
into derivative transactions. These privately negotiated agreements, compared to
exchange traded contracts, allow us to incorporate favourable credit, tenor and
flexibility terms into the contracts. The underlyings in the contracts include
commodities, interest rates, foreign exchange rates or bond indices with
diversified credit exposure. We do not enter into derivative instruments which
we would consider to be leveraged. For a full description of our objectives and
strategies for using derivative instruments; the nature and principal terms of
the derivative instruments we use; the valuation techniques used to estimate the
fair value of derivative instruments; and the nature of credit and market risks
associated with the derivative instruments we use, refer to our audited
consolidated financial statements for the three years ended December 31, 2001.

BARRICK SECOND QUARTER REPORT 2002 22 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>


B    Derivative instruments outstanding at June 30, 2002

<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Maturity/Scheduled for delivery in                 2002        2003        2004        2005        2006       2007+      Total
-------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>         <C>         <C>         <C>         <C>         <C>         <C>
Normal sales contracts
Spot deferred gold sales contracts
(note 5C)
   Ounces (thousands)                             1,400       2,800       2,650       1,600       1,600       7,850      17,900
   Average price per ounce                      $   365     $   340     $   340     $   335     $   340     $   346     $   344
Spot deferred silver sales contracts
(note 5C)
   Ounces (thousands)                            10,000      15,000       8,000       3,000       1,000       1,000      38,000
   Average price per ounce                      $  4.75     $  5.05     $  5.10     $  5.10     $  5.10     $  5.10     $  4.98
Variable price gold sales contracts
(with "caps") (note 5C)
   Ounces (thousands)                                 -         500         420         400         170         820       2,310
   Price per ounce at cap expiry date                 -     $   342     $   320     $   328     $   349     $   362     $   343
Variable price gold sales contracts
(with "caps" and "floors") (note 5C)
   Ounces (thousands)                               200         150           -           -           -           -         350
   Cap price per ounce                          $   297     $   310           -           -           -           -     $   303
   Floor price per ounce                        $   266     $   280           -           -           -           -     $   272
-------------------------------------------------------------------------------------------------------------------------------
Written gold call options
   Ounces (thousands)                                 -          60         115           -           -         230         405
   Average exercise price per ounce                   -     $   310     $   343           -           -     $   354     $   344
Written silver call options
   Ounces (thousands)                            10,000       3,750       5,000       2,000           -           -      20,750
   Average exercise price per ounce             $  5.07     $  5.27     $  5.28     $  5.00           -           -     $  5.15
-------------------------------------------------------------------------------------------------------------------------------
Interest rate and lease rate contracts
Receive fixed - swaps and swaptions
   Notional amount (millions)                         -     $   275     $   250     $   175     $    60     $   111     $   871
   Fixed rate (%)                                     -         4.9%        3.5%        4.7%        4.4%        4.4%        4.3%
   Pay fixed - swaps and swaptions
   Notional amount (millions)                         -           -           -           -           -     $   550     $   550
   Fixed rate (%)                                     -           -           -           -           -         5.8%        5.8%
Gold lease rate swaps
   Receive fixed, pay floating
   Notional (thousands of ounces)                   240         451         440         791         800       2,914       5,636
   Fixed rate (%)                                   1.2%        2.0%        2.1%        2.2%        2.6%        2.7%        2.4%
Total return swaps
   Notional amount (millions)                   $    45     $    90     $   265           -           -           -     $   400
-------------------------------------------------------------------------------------------------------------------------------
Currency contracts
Canadian Dollar Forwards
   C$ (millions)                                $    78     $    66     $   189           -           -           -     $   333
   Average Price (US(cent))                        0.64        0.64        0.65           -           -           -        0.64
</TABLE>

BARRICK SECOND QUARTER REPORT 2002 23 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>


<TABLE>
<CAPTION>
-------------------------------------------------------------------------------------------------------------------------------
Maturity/Scheduled for delivery in                 2002        2003        2004        2005        2006       2007+      Total
-------------------------------------------------------------------------------------------------------------------------------
<S>                                             <C>         <C>         <C>         <C>         <C>         <C>         <C>
Canadian Dollar Min-Max Contracts
   C$ (millions)                                $    57     $   184     $    70           -           -           -     $   311
   Average Cap Price (US(cent))                    0.64        0.65        0.67           -           -           -        0.65
   Average Floor Price (US(cent))                  0.62        0.63        0.64           -           -           -        0.63
Australian Dollar Forwards
   A$ (millions)                                $   137     $   190     $   181     $   167     $    10           -     $   685
   Average Price (US(cent))                        0.53        0.51        0.51        0.51        0.52           -        0.52
Australian Dollar Min-Max Contracts
   A$ (millions)                                $    95     $   260     $    35     $    20     $    10           -     $   420
   Average Cap Price (US(cent))                    0.54        0.55        0.54        0.52        0.52           -        0.55
   Average Floor Price (US(cent))                  0.52        0.52        0.52        0.51        0.51           -        0.52
-------------------------------------------------------------------------------------------------------------------------------
</TABLE>

Written call options can only be exercised by the counterparties on the expiry
date and can be incorporated, at our discretion, into spot deferred contracts
and a delivery date scheduled at any time for up to 15 years. There is no
requirement for us to cash settle these transactions.

C   Derivative instruments excluded from the scope of SFAS 133
We have two groups of contracts that meet the definition of a derivative under
SFAS 133. We have determined and documented that these contracts meet the normal
sales exception included in paragraph 10(b) of SFAS 133. Accordingly, our spot
deferred sales contracts and Variable Price Sales Contracts are not accounted
for as derivatives pursuant to SFAS 133.
Our outstanding gold and silver sales commitments under these normal sales
contracts at June 30, 2002 had an unrealized mark-to-market loss of $261 million
(calculated at spot prices of $314 per ounce and $4.82 per ounce for gold and
silver respectively, prevailing market interest rates and volatilities).

Spot deferred contracts
We have entered into spot deferred sales contracts, with various counterparties,
that establish selling prices for future gold and silver production, and which
therefore act as a hedge against possible price fluctuations in gold and silver.

    The average price of the spot deferred contracts reflects the expected
future price incorporating an average lease rate assumption of 2.00%. Lease
rates are fixed on 100% of the position through 2005. The weighted average lease
rate on the total spot deferred position is 1.8%. Variations between the lease
rate assumption and the actual lease rates will impact the final realized
selling prices.

Variable Price Sales Contracts
During the three months ended March 31, 2002, we exchanged certain written gold
call options and min-max gold options at fair value for Variable Price Sales
Contracts with identical notional amounts of gold. Variable Price Sales
Contracts are contracts whereby we will deliver a specified quantity of gold on
a future date that is determined by us. The contracts have a final delivery date
of up to 15 years from inception, but we have the right at our sole discretion
to set a delivery date for any Variable Price Sales Contract during this 15-year
period from inception. All of the Variable Price Sales Contracts have expected
delivery dates in 2005 and beyond. The contract price equals the gold spot price
subject to a specified maximum ("cap") based on market conditions in the years
indicated in the table above, plus a fixed fee. The contract price will be
adjusted in the same manner as price adjustments to spot deferred contracts for
the period from these dates to the expected delivery date in 2005 and beyond.
Certain of these contracts also have a specified minimum ("floor") price.

D   Cash flow hedges
We use forward and zero cost min-max currency contracts to hedge exposures
arising from operating expenses denominated in currencies other than the United
States dollar. The specific terms and notional amounts of the contracts are
determined based on management's assessment of forecasted future cash flows
relating to these expenses. We have determined and documented that, for those
contracts where hedge accounting has

BARRICK SECOND QUARTER REPORT 2002 24 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>

been applied, the terms of the contract were negotiated to match the terms of
the forecasted transaction, and thus there is no ineffectiveness. At June 30,
2002, we had elected hedge accounting treatment for Canadian dollar contracts
with a total notional amount of C$250 million, and Australian dollar contracts
with a total notional amount of A$814 million.

    In addition, we have elected for certain of our receive fixed interest rate
swaps, with a total notional amount of $685 million, to be accounted for as cash
flow hedges of expected future interest receipts arising on our cash and
short-term investments. We have determined that these interest rate swaps are
100% effective based on forward rates used to measure changes in the forecasted
future cash flows as well as changes in the fair value of the derivative
instrument.

         For the six months ended June 30, 2002, we were not required to record
any hedge ineffectiveness in earnings.

         For cash flow hedges, gains and losses on derivative contracts that are
reclassified from accumulated other comprehensive income to current-period
earnings are included in the line item which the hedged item is recorded, in the
same period the forecasted transaction affects earnings.

     In the three months ended June 30, 2002, we transferred gains of $7 million
from other comprehensive income to earnings. In the next twelve months, gains of
$12 million accumulated in other comprehensive income are expected to be
transferred to earnings.

E    Fair value of derivative instruments (excluding normal sales contracts)

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
                                                        Three months ended June 30,        Six months ended June 30,
                                                                               2002                             2002
--------------------------------------------------------------------------------------------------------------------
<S>                                                                            <C>                             <C>
Fair value of derivative instruments at
   beginning of period                                                         $(30)                           $(16)
Derivative instruments entered into or settled
   during the period                                                              5                             (10)
Change in fair value of derivative instruments
   during the period:
     Non-hedge derivative gains (losses) (note 5F)                               12                              11
     Cash flow hedges (note 8)                                                   38                              40
--------------------------------------------------------------------------------------------------------------------
Fair value of derivative instruments at end of period                          $ 25                            $ 25
--------------------------------------------------------------------------------------------------------------------
</TABLE>

The fair values of recorded derivative related assets and liabilities reflect
the netting of the fair values of individual derivative instruments, and amounts
due to/from counterparties that arise from derivative instruments, when the
conditions of FIN No. 39, Offsetting of Amounts Related to Certain Contracts,
have been met. Amounts receivable from counterparties that have been offset
against derivative liabilities totalled $39 million at June 30, 2002.

F        Non-hedge derivative gains (losses)

<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------------------
                                                        Three months ended June 30,        Six months ended June 30,
                                                                 2002          2001               2002          2001
--------------------------------------------------------------------------------------------------------------------
<S>                                                              <C>         <C>                 <C>            <C>
Commodity contracts                                              $ (2)       $  (9)              $ (12)         $ 24
Currency contracts                                                 13           (3)                 15            (4)
Interest rate and lease rate contracts                              1           (7)                  8            13
--------------------------------------------------------------------------------------------------------------------
                                                                 $ 12        $ (19)              $  11          $ 33
--------------------------------------------------------------------------------------------------------------------
</TABLE>

BARRICK SECOND QUARTER REPORT 2002 25 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>

6   CONTINGENCIES
A   Environmental
Our mining and exploration activities are subject to various federal, provincial
and state laws and regulations governing the protection of the environment.
These laws and regulations are continually changing and generally becoming more
restrictive. We conduct our operations so as to protect public health and the
environment and we believe that our operations are materially in compliance with
all applicable laws and regulations. We have made, and expect to make in the
future, expenditures to comply with such laws and regulations.

BARRICK SECOND QUARTER REPORT 2002 26 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>

B    Litigation and claims

In October 1997, Homestake Canada Inc. ("HCI"), a wholly-owned subsidiary of
Barrick, entered into an agreement with Inmet Mining Corporation ("Inmet") to
purchase the Troilus mine in Quebec for $110 million plus working capital. In
December 1997, HCI terminated the agreement after determining that, on the basis
of due diligence studies, conditions to closing the arrangement would not be
satisfied. On February 23, 1998, Inmet filed suit against HCI in the British
Columbia Supreme Court, disputing the termination of the agreement and alleging
that HCI had breached the agreement. On January 15, 2002, the Supreme Court of
British Columbia released its decision in the matter and found in favour of
Inmet and against HCI. Specifically, the Court held that Inmet should be awarded
equitable damages in the amount of C$88.2 million, which amount was accrued at
December 31, 2001. The Court did not award Inmet pre-judgement interest. Inmet
requested the Court to re-open the trial to permit Inmet to make submissions on
its claim for pre-judgement interest from the date of the breach by HCI. The
request to re-open was denied by the court on May 17, 2002. On February 7, 2002,
HCI filed a Notice of Appeal of the decision with the British Columbia Court of
Appeal. Inmet filed a notice of Appeal of the decision denying Inmet the
pre-judgment interest. It is anticipated that a letter of credit in the
approximate amount of C$95 million will be required to be posted by HCI with the
British Columbia Court of Appeal, pending a decision on the appeal.

         On April 30, 1998, we were added as a defendant in a class action
lawsuit initiated against Bre-X Minerals Ltd., certain of its directors and
officers or former directors and officers and others in the United States
District Court for the Eastern District of Texas, Texarkana Division. The class
action alleges, among other things, that statements made by us in connection
with our efforts to secure the right to develop and operate the Busang gold
deposit in East Kalimantan, Indonesia were materially false and misleading and
omitted to state material facts relating to the preliminary due diligence
investigation undertaken by us in late 1996. On July 13, 1999, the Court
dismissed the claims against us and several other defendants on the grounds that
the plaintiffs had failed to state a claim under United States securities laws.
On August 19, 1999, the plaintiffs filed an amended complaint restating their
claims against us and certain other defendants and on June 14, 2000 filed a
further amended complaint, the Fourth Amended Complaint. On March 31, 2001, the
Court granted in part and denied in part our Motion to Dismiss the Fourth
Amended Complaint. As a result, we remain a defendant in the case. We believe
that the remaining claims against us are without merit. We filed our formal
answer to the Fourth Amended Complaint on April 27, 2001 denying all relevant
allegations of the plaintiffs against us. Discovery in the case has been stayed
by the Court pending the Court's decision on whether or not to certify the case
as a class action. The amount of potential loss, if any, which we may incur
arising out of the plaintiffs claims is not currently determinable.

         From time to time, we are involved in various claims, legal proceedings
and complaints arising in the ordinary course of business. We are also subject
to reassessment for income and mining taxes for certain years. We do not believe
that adverse decisions in any pending or threatened proceedings related to any
potential tax assessments or other matters, or any amount which we may be
required to pay by reason thereof, will have a material adverse effect on our
financial condition or future results of operations.

BARRICK SECOND QUARTER REPORT 2002 27 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>

7    SEGMENT INFORMATION

<TABLE>
<CAPTION>
------------------------------------------------------------      ------------------------------------------------------------
                      Three months ended   Six months ended                             Three months ended   Six months ended
                                June 30,           June 30,                                       June 30,           June 30,
                           2002     2001      2002     2001                                  2002     2001      2002     2001
------------------------------------------------------------      ------------------------------------------------------------
                                                                  Income before income
Gold sales                                                             taxes
<S>                        <C>      <C>       <C>     <C>         <C>                          <C>      <C>       <C>     <C>
   Goldstrike              $168     $196      $333    $ 414          Goldstrike                18       47        40      113
   Pierina                   63       70       133      132          Pierina                   14       20        29       34
   Eskay Creek               32       27        60       51          Eskay Creek               18       12        32       23
   Bulyanhulu                37       21        64       21          Bulyanhulu                 6        2         7        2
   Kalgoorlie                30       35        59       66          Kalgoorlie                 6       10        10       16
   Hemlo                     20       23        45       48          Hemlo                      2        2         6        8
   Plutonic                  27       29        47       48          Plutonic                  10       11        16       17
   Round Mountain            34       34        67       64          Round Mountain            10       12        18       18
   Other                     79       83       160      173          Other                     18      (1)        33        -
------------------------------------------------------------      ------------------------------------------------------------
                            490      518       968    1,017                                   102      115       191      231
------------------------------------------------------------      ------------------------------------------------------------
Operating costs                                                   Exploration and
   Goldstrike               110      117       219      236           business development    (27)     (25)      (47)     (54)
   Pierina                   17       10        33       20       Corporate expenses, net     (25)      (8)      (46)     (33)
   Eskay Creek                3        5         6        8       Net-hedge derivative
   Bulyanhulu                21       13        39       13           gain (loss)              12      (19)       11       33
   Kalgoorlie                19       20        39       41       Income taxes                 (3)      (5)       (4)     (32)
   Hemlo                     16       18        34       35       ------------------------------------------------------------
   Plutonic                  14       14        26       25       Net Income                  $59      $58      $105     $145
   Round Mountain            19       17        39       37       ------------------------------------------------------------
   Other                     43       70        93      134       Capital expenditures
------------------------------------------------------------         Goldstrike               $37      $65       $77     $135
                            262      284       528      549          Bulyanhulu                16       35        32      104
------------------------------------------------------------         Pierina                    5        3         9        7
Amortization                                                         Eskay Creek                1        2         3        3
   Goldstrike                40       32        74       65          Kalgoorlie                 1        3         3        4
   Pierina                   32       40        71       78          Hemlo                      2        -         3        1
   Eskay Creek               11       10        22       20          Plutonic                   5        2         8        4
   Bulyanhulu                10        6        18        6          Round Mountain             6        1         6        9
   Kalgoorlie                 5        5        10        9          Pascua-Lama                3       18         6       47
   Hemlo                      2        3         5        5          Cowal                      1        1         2        1
   Plutonic                   3        4         5        6          Other                     13       10        19       15
   Round Mountain             5        5        10        9       ------------------------------------------------------------
   Other                     18       14        34       39                                   $90     $140      $168     $330
------------------------------------------------------------      ------------------------------------------------------------
                            126      119       249      237
------------------------------------------------------------
</TABLE>

BARRICK SECOND QUARTER REPORT 2002 28 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>


8    COMPREHENSIVE INCOME

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                                       Three months ended June       Six months ended June
                                                                                           30,                         30,
                                                                                2002      2001             2002       2001
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>        <C>             <C>         <C>
Net income                                                                    $  59      $  58           $ 105       $ 145

Foreign currency translation adjustments                                         (4)        38             (12)         --
Transfers of (gains) losses on derivative instruments to earnings                (7)        12             (10)         18
(note 5D)
Change in fair value of cash flow hedges (note 5D)  (net of tax                  21         --              23          --
effects)
SFAS 133 transition adjustment                                                   --        (35)             --         (35)
Other                                                                            (3)         3              (3)         --
---------------------------------------------------------------------------------------------------------------------------
Comprehensive income                                                          $  66      $  76           $ 103       $ 128
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

9    RECONCILIATION OF NET INCOME TO CASH PROVIDED BY OPERATING ACTIVITIES

<TABLE>
<CAPTION>
---------------------------------------------------------------------------------------------------------------------------
                                                                       Three months ended June       Six months ended June
                                                                                           30,                         30,
                                                                                2002      2001             2002       2001
---------------------------------------------------------------------------------------------------------------------------
<S>                                                                           <C>        <C>             <C>         <C>
Net income                                                                    $  59      $  58           $ 105       $ 145
Adjustments:
  Amortization                                                                  126        119             249         237
  Amortization of deferred stripping costs                                       26         49              62          78
  Deferred income taxes                                                           9         (9)             (6)          4
  Reclamation and closure costs, net                                             (7)        --              (4)         (3)
  (Gains) losses on derivative instruments                                      (19)        31             (21)        (15)
  Recovery (payment) of taxes on development costs                               11         (2)             --          (5)
  Other items                                                                   (23)         5             (24)          6
  Changes in operating assets and liabilities:
  Accounts receivable                                                            21         (4)             (5)         19
  Inventories and other current assets                                           (3)       (23)             35          11
  Accounts payable and accrued liabilities                                      (23)       (28)            (63)        (79)
---------------------------------------------------------------------------------------------------------------------------
  Cash provided by operating activities                                       $ 177      $ 196           $ 328       $ 398
---------------------------------------------------------------------------------------------------------------------------
</TABLE>

BARRICK SECOND QUARTER REPORT 2002 29 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
<PAGE>

10   HOMESTAKE CANADA INC. ("HCI")
In connection with a 1998 acquisition, HCI issued 11.1 million HCI exchangeable
shares. Each HCI exchangeable share is exchangeable for 0.53 of a Barrick common
share at any time at the option of the holder and has essentially the same
voting, dividend (payable in Canadian dollars), and other rights as 0.53 of a
Barrick common share. A share of special voting stock, which was issued to the
transfer agent in trust for the holders of the HCI exchangeable shares, provides
the mechanism for holders of the HCI exchangeable shares to receive their voting
rights.

     As at June 30, 2002, 1.7 million of the HCI exchangeable shares were
outstanding and are equivalent to 0.9 million Barrick common shares. As at June
30, 2002, we had reserved 0.9 million Barrick shares for issuance on exchange of
the HCI exchangeable shares outstanding.

     Summarized consolidated financial information for HCI is as follows:

--------------------------------------------------------------------------------
                                             June 30, 2002     December 31, 2001
--------------------------------------------------------------------------------
Current assets                                       $  79                $  43
Non-current assets                                     312                  345
--------------------------------------------------------------------------------
Total assets                                         $ 391                $ 388
--------------------------------------------------------------------------------
Other current liabilities                            $  16                $  76
Notes payable                                          415                  416
Other long-term liabilities                             75                   12
Deferred income taxes                                  127                  121
Shareholders' equity                                  (242)                (237)
--------------------------------------------------------------------------------
Total liabilities and shareholders' equity           $ 391                $ 388
--------------------------------------------------------------------------------


-------------------------------------------------------- -----------------------
                                Three months ended June   Six months ended June
                                                    30,                     30,
                                      2002         2001       2002         2001
-------------------------------------------------------- -----------------------
Total revenues and other income       $ 48        $  55      $ 103        $ 102
Less: costs and expenses                53           62        102          121
-------------------------------------------------------- -----------------------
Income (loss) before taxes            $ (5)       $  (7)     $   1        $ (19)
-------------------------------------------------------- -----------------------
Net (loss)                            $(10)        $ (5)     $  (5)       $ (14)
-------------------------------------------------------- -----------------------

BARRICK SECOND QUARTER REPORT 2002 30 NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

<PAGE>

Mine Statistics
<TABLE>
<CAPTION>
                                                                           UNITED STATES
                                      -------------------------------------------------------------------------------------------
                                             Betze-Post                 Meikle            Goldstrike Total        Round Mountain
Three months ended June 30,               2002        2001        2002        2001        2002        2001        2002       2001
------------------------------------------------------------   ----------------------  ----------------------   -------------------
<S>                                    <C>         <C>         <C>         <C>         <C>         <C>         <C>        <C>
Tons mined (thousands)                  36,098      39,740         393         358      36,491      40,098       8,096      8,415

Tons processed (thousands)               2,499       2,189         385         371       2,884       2,560       8,217      7,515

Average grade (ounces per ton)           0.156       0.215       0.440       0.547       0.194       0.263       0.020      0.016

Recovery rate (percent)                   84.3%       85.6%       91.8%       92.0%       86.6%       87.5%        N/A        N/A
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Production (thousands of ounces)           329         404         155         187         484         591          95         98

Production costs per ounce

  Cash operating costs                 $   222     $   204     $   181     $   129     $   209     $   181     $   162    $   154

  Royalties and production taxes             6          10          11          18           8          12          15         13
------------------------------------------------------------   ----------------------  ----------------------   -------------------
  Total cash costs                         228         214         192         147         217         193         177        167

  Amortization                              64          55         121          40          82          50          52         46

  Reclamation                                4           3           2           2           3           3          16         15
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Total production costs                 $   296     $   272     $   315     $   189     $   302     $   246     $   245    $   228
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Capital expenditures (US$ millions)    $    27     $    40     $    10     $    25     $    37     $    65     $     6    $  --
------------------------------------------------------------   ----------------------  ----------------------   -------------------


Six months ended June 30,                 2002        2001        2002        2001        2002        2001        2002       2001
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Tons mined (thousands)                  73,319      81,663         783         660      74,102      82,323      16,230     17,005

Tons processed (thousands)               4,920       4,224         767         606       5,687       4,830      16,452     15,935

Average grade (ounces per ton)           0.163       0.233       0.427       0.619       0.198       0.281       0.019      0.018

Recovery rate (percent)                   83.7%       86.8%       91.0%       93.0%       85.8%       88.6%        N/A        N/A
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Production (thousands of ounces)           670         855         298         349         968       1,204         189        198

Production costs per ounce

  Cash operating costs                 $   217     $   193     $   191     $   118     $   210     $   171     $   170    $   167

  Royalties and production taxes             6          10          10          16           7          12          13         10
------------------------------------------------------------   ----------------------  ----------------------   -------------------
  Total cash costs                         223         203         201         134         217         183         183        177

  Amortization                              58          51         114          48          75          50          52         46

  Reclamation                                4           3           2           2           3           3          16         16
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Total production costs                 $   285     $   257     $   317     $   184     $   295     $   236     $   251    $   239
------------------------------------------------------------   ----------------------  ----------------------   -------------------
Capital expenditures (US$ millions)    $    56     $    84     $    21     $    51     $    77     $   135     $     6    $     9
------------------------------------------------------------   ----------------------  ----------------------   -------------------
</TABLE>

BARRICK SECOND QUARTER REPORT 2002         31                    MINE STATISTICS

<PAGE>

Mine Statistics
<TABLE>
<CAPTION>
                                                                             AUSTRALIA
                                      --------------------------------------------------------------------------------------------
                                                  Plutonic                  Darlot                 Lawlers              Kalgoorlie

Three months ended June 30,               2002        2001        2002        2001        2002        2001        2002        2001
------------------------------------------------------------   ----------------------  ----------------------  -------------------
<S>                                    <C>         <C>         <C>         <C>         <C>         <C>         <C>         <C>
Tons mined (thousands)                   3,691       3,516         214         175         628         159      11,043      11,764

Tons processed (thousands)                 821         874         205         197         175         193       1,818       1,704

Average grade (ounces per ton)           0.105       0.122       0.169       0.164       0.166       0.122       0.058       0.071

Recovery rate (percent)                   91.1%       90.8%       96.7%       96.3%       97.6%       93.2%       83.3%       85.5%
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Production (thousands of ounces)            80          94          32          32          29          22          81         109

Production costs per ounce

  Cash operating costs                 $   167     $   144     $   171     $   171     $   165     $   221     $   205     $   169

  Royalties and production taxes             7           7           8           6           7           7           8           7
------------------------------------------------------------   ----------------------  ----------------------  -------------------
  Total cash costs                         174         151         179         177         172         228         213         176

  Amortization                              38          42          47          43          38          49          56          42

  Reclamation                                2           6           1           2           3           2           6           8
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Total production costs                 $   214     $   199     $   227     $   222     $   213     $   279     $   275     $   226
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Capital expenditures (US$ millions)    $     5     $     2     $     1     $     7     $     1     $     1     $     1     $     3
------------------------------------------------------------   ----------------------  ----------------------  -------------------


Six months ended June 30,                 2002        2001        2002        2001        2002        2001        2002        2001
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Tons mined (thousands)                   6,757       6,675         414         371         786         272      22,690      23,057

Tons processed (thousands)               1,685       1,729         413         389         357         379       3,564       3,274

Average grade (ounces per ton)           0.095       0.100       0.174       0.172       0.156       0.131       0.060       0.070

Recovery rate (percent)                   90.1%       90.4%       97.0%       96.4%       96.9%       94.4%       83.7%       85.5%
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Production (thousands of ounces)           142         150          68          64          55          47         168         207

Production costs per ounce

  Cash operating costs                 $   172     $   159     $   164     $   162     $   172     $   206     $   208     $   180

  Royalties and production taxes             8           7           7           6           8           7           8           6
------------------------------------------------------------   ----------------------  ----------------------  -------------------
  Total cash costs                         180         166         171         168         180         213         216         186

  Amortization                              35          40          46          40          37          44          55          43

  Reclamation                                2           5           2           2           4           5           6           8
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Total production costs                 $   217     $   211     $   219     $   210     $   221     $   262     $   277     $   237
------------------------------------------------------------   ----------------------  ----------------------  -------------------
Capital expenditures (US$ millions)    $     8     $     4     $     2     $     9     $     2     $     4     $     3     $     4
------------------------------------------------------------   ----------------------  ----------------------  -------------------
</TABLE>


BARRICK SECOND QUARTER REPORT 2002         32                    MINE STATISTICS

<PAGE>

Mine Statistics
<TABLE>
<CAPTION>
                                                                               CANADA
                                          -----------------------------------------------------------------------------
                                                        Hemlo                 Eskay Creek              Holt-McDermott
Three months ended June 30,                 2002          2001          2002          2001          2002          2001
----------------------------------------------------------------      ----------------------      ---------------------
<S>                                       <C>           <C>           <C>           <C>           <C>           <C>
Tons mined (thousands)                     1,030           940            63            57           131           116

Tons processed (thousands)                   487           485            63            57           131           124

Average grade (ounces per ton)             0.134         0.162         1.612         1.542         0.172         0.169

Recovery rate (percent)                     94.1%         92.9%         93.6%         92.8%         94.7%         95.4%
----------------------------------------------------------------      ----------------------      ---------------------
Production (thousands of ounces)              62            79            92            82            21            20

Production costs per ounce

  Cash operating costs                    $  241        $  202        $   28        $   47        $  190        $  181

  Royalties and production taxes               8             7             4             3             1             4
----------------------------------------------------------------      ----------------------      ---------------------
  Total cash costs                           249           209            32            50           191           185

  Amortization                                35            30           128           121            49            87

  Reclamation                                  5             4             1             1             5             4
----------------------------------------------------------------      ----------------------      ---------------------
Total production costs                    $  289        $  243        $  161        $  172        $  245        $  276
----------------------------------------------------------------      ----------------------      ---------------------
Capital expenditures (US$ millions)       $    2          --          $    1        $    2        $    1        $    2
----------------------------------------------------------------      ----------------------      ---------------------


Six months ended June 30,                   2002          2001          2002          2001          2002          2001
----------------------------------------------------------------      ----------------------      ---------------------
Tons mined (thousands)                     2,017         1,596           125           Ill           259           236

Tons processed (thousands)                   958           946           125           112           259           235

Average grade (ounces per ton)             0.136         0.164         1.524         1.560         0.176         0.162

Recovery rate (percent)                     93.8%         92.9%         93.2%         92.9%         94.7%         95.7%
----------------------------------------------------------------      ----------------------      ---------------------
Production (thousands of ounces)             123           150           177           159            43            36

Production costs per ounce

  Cash operating costs                    $  234        $  204        $   28        $   45        $  163        $  186

  Royalties and production taxes               7             7             4             3          --               3
----------------------------------------------------------------      ----------------------      ---------------------
  Total cash costs                           241           211            32            48           163           189

  Amortization                                37            30           127           126            90            86

  Reclamation                                  4             4             1             1             4             4
----------------------------------------------------------------      ----------------------      ---------------------
Total production costs                    $  282        $  245        $  160        $  175        $  257        $  279
----------------------------------------------------------------      ----------------------      ---------------------
Capital expenditures (US$ millions)       $    3        $    1        $    3        $    3        $    3        $    4
----------------------------------------------------------------      ----------------------      ---------------------
</TABLE>


BARRICK SECOND QUARTER REPORT 2002               33              MINE STATISTICS

<PAGE>

Mine Statistics
<TABLE>
<CAPTION>
                                                        PERU                            TANZANIA
                                            ------------------------------     ----------------------------
                                                              Pierina                         Bulyanhulu
Three months ended June 30,                     2002             2001             2002              2001
--------------------------------------------------------------------------     -----------------------------
<S>                                          <C>              <C>              <C>               <C>
Tons mined (thousands)                         8,081            7,992              249               128
Tons processed (thousands)                     3,418            2,667              273               224
Average grade (ounces per ton)                 0.076            0.112            0.358             0.355
Recovery rate (percent)                         --               --               85.9%             80.1%
--------------------------------------------------------------------------     -----------------------------
Production (thousands of ounces)                 183              221               84                64

Production costs per ounce
  Cash operating costs                       $    80          $    39          $   195           $   198
  Royalties and production taxes                --               --                  8                 8
--------------------------------------------------------------------------     -----------------------------
  Total cash costs                                80               39              203               206
  Amortization                                   180              190               93                91
  Reclamation                                      9                8                1                 1
--------------------------------------------------------------------------     -----------------------------
Total production costs                       $   269          $   237          $   297           $   298
--------------------------------------------------------------------------     -----------------------------
Capital expenditures (US$ millions)          $     5          $     3          $    16           $    35
--------------------------------------------------------------------------     -----------------------------



Six months ended June 30,                       2002             2001             2002              2001
--------------------------------------------------------------------------     -----------------------------
Tons mined (thousands)                        15,243           14,835              443               128
Tons processed (thousands)                     6,845            5,039              535               224
Average grade (ounces per ton)                 0.071            0.100            0.369             0.355
Recovery rate (percent)                         --               --               85.6%             80.1%
--------------------------------------------------------------------------     -----------------------------
Production (thousands of ounces)                 398              427              169                64

Production costs per ounce
  Cash operating costs                       $    72          $    41          $   197           $   198
  Royalties and production taxes                --               --                  8                 8
--------------------------------------------------------------------------     -----------------------------
  Total cash costs                                72               41              205               206
  Amortization                                   180              191               93                91
  Reclamation                                     10                8                1                 1
--------------------------------------------------------------------------     -----------------------------
Total production costs                       $   262          $   240          $   299           $   298
--------------------------------------------------------------------------     -----------------------------
Capital expenditures (US$ millions)          $     9          $     7          $    32           $   104
--------------------------------------------------------------------------     -----------------------------
</TABLE>


BARRICK SECOND QUARTER REPORT 2002               34              MINE STATISTICS

<PAGE>


CORPORATE OFFICE
Barrick Gold Corporation
Royal Bank Plaza, South Tower, Suite 2700
200 Bay Street, P.O. Box 119
Toronto, Canada  M5J 2J3
Tel: (416) 861-9911     Fax: (416) 861-0727
Toll-free within Canada and United States: 1-800-720-7415

Email:  investor@barrick.com
Web site:  www.barrick.com

SHARES LISTED (ABX)
The Toronto Stock Exchange
The New York Stock Exchange
The London Stock Exchange
The Swiss Stock Exchange
La Bourse de Paris

RECENT RESEARCH REPORTS
Bear Stearns
BMO Nesbitt Burns
CIBC World Markets
Goldman Sachs
Griffiths McBurney & Partners
HSBC
JP Morgan
Merrill Lynch
Morgan Stanley
National Bank
Prudential Financial
Research Capital
RBC Capital Markets
Scotia Capital
TD Newcrest
UBS Warburg

TRANSFER AGENTS AND REGISTRARS
CIBC Mellon Trust Company
P.O. Box 7010, Adelaide Street Postal Station
Toronto, Ontario  M5C 2W9
Tel: (416) 643-5500
Toll-free throughout North America: 1-800-387-0825
Fax: (416) 643-5501
Email:  inquiries@cibcmellon.ca
Web site:  www.cibcmellon.com

Mellon Investor Services  L.L.C.
85 Challenger Road, Overpeck Center
Ridgefield Park, New Jersey 07660
Tel:  (201) 329-8660
Toll-free number within the United States:
1-800-589-9836
Web site: www.mellon-investor.com

INVESTOR CONTACTS:            MEDIA CONTACT:
Richard Young                 Vincent Borg
Vice President,               Vice President,
Investor Relations            Corporate Communications
Tel:  (416) 307-7431          Tel:  (416) 307-7477
Email: ryoung@barrick.com     Email: vborg@barrick.com

Kathy Sipos
Manager, Investor Relations
Tel: (416) 307-7441
Email: ksipos@barrick.com

Sandra Grabell
Investor Relations Specialist
Tel: (416) 307-7440
Email: sgrabell@barrick.com


Certain statements included herein, including those regarding, production,
realized gold prices and costs constitute "forward looking statements" within
the meaning of the United States Private Securities Litigation Reform Act of
1995. Such forward looking statements involve known and unknown risks,
uncertainties and other factors that may cause the actual results, performance
or achievements of Barrick or of the gold mining industry to be materially
different from future results, performance or achievements expressed or implied
by those forward looking statements. These risks, uncertainties and other
factors include, but are not limited to, changes in the worldwide price of gold
or certain other commodities and currencies and the risks involved in the
exploration, development and mining business. These factors are discussed in
greater detail in Barrick's most recent Annual Information Form and Management's
Discussion and Analysis of Financial and Operating Results" on file with the
U.S. Securities and Exchange Commission and Canadian provincial securities
regulatory authorities.

         For a description of the key assumptions, parameters and methods used
in calculating Barrick's reserves and resources, including the resource at the
Alto Chicama property, see Barrick's most recent Annual Information Form
referred above.

BARRICK SECOND QUARTER REPORT 2002                           SUMMARY INFORMATION

</TEXT>
</DOCUMENT>
