EX-12.1 2 dex121.htm STATEMENT OF COMPUTATION OF RATIO OF EARNINGS TO FIXED CHARGES

Statement of Computation of Ratio of Earnings to Fixed Charges

Exhibit 12.1

Statement of Computation of Ratio of Earnings to Fixed Charges

Barrick only

		2006				2007				2008				2009				2010				Six months ended June 30 2011
(in millions of United States dollars)		US GAAP				US GAAP				US GAAP				US GAAP				US GAAP				IFRS
Ratio of earnings to fixed charges
Earnings
Income from continuing operations before income taxes and other items			1,560				1,480				1,451				(3,630	)			4,745				3,234
Add:    Fixed Charges			228				237				243				326				586				238
Amortization of capitalized interest			12				14				9				12				42				7
(Loss) gain from equity investees			(4	)			(43	)			(64	)			(87	)			(41	)			5
Less:    Capitalized interest			(102	)			(124	)			(222	)			(269	)			(230	)			(177	)
			1,694				1,564				1,417				(3,648	)			5,102				3,297
Fixed Charges
Interest expensed			126				113				21				57				356				51
Capitalized interest			102				124				222				269				230				177
			228				237				243				326				586				228
Ratio of earnings to fixed charges			7				7				6				(11	)			9				14