XML 134 R69.htm IDEA: XBRL DOCUMENT
v3.24.0.1

FAIR VALUE MEASUREMENTS (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Fair value measurements [Abstract] |
Disclosure of fair value measurement of assets |
Fair Value Measurements |  |  |  |  |
At December 31, 2023 | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Aggregate Fair Value |
(Level 1) | (Level 2) | (Level 3) |
Other investments 1 | $131 |  | $— |  | $— |  | $131 |  |
Receivables from provisional copper and gold sales | — |  | 246 |  | — |  | 246 |  |
| $131 |  | $246 |  | $— |  | $377 |  |
Fair Value Measurements |  |  |  |  |
At December 31, 2022 | Quoted Prices in Active Markets for Identical Assets | Significant Other Observable Inputs | Significant Unobservable Inputs | Aggregate Fair Value |
(Level 1) | (Level 2) | (Level 3) |
Other investments 1 | $112 |  | $— |  | $— |  | $112 |  |
Derivatives | — |  | 59 |  | — |  | 59 |  |
Receivables from provisional copper and gold sales | — |  | 188 |  | — |  | 188 |  |
| $112 |  | $247 |  | $— |  | $359 |  |
1 Includes equity investments in other mining companies.
At December 31, 2023 | Quoted prices in active markets for identical assets | Significant other observable inputs | Significant unobservable inputs | Aggregate fair value
(Level 1) | (Level 2) | (Level 3)
Property, plant and equipment 1 | — |  | — |  | 54 |  | 54 |
1 Property, plant and equipment were written down by $312 million, which was included in earnings in this period.
Disclosure of fair value measurement of financial assets and liabilities |
| At December 31, 2023 | At December 31, 2022
| Carrying amount | Estimated fair value | Carrying amount | Estimated fair value
Financial assets |  |  |  |
Other assets 1,5 | $807 |  | $807 |  | $1,358 |  | $1,358 |
Other investments 2 | 131 |  | 131 |  | 112 |  | 112 |
Derivative assets 3 | — |  | — |  | 59 |  | 59 |
| $938 |  | $938 |  | $1,529 |  | $1,529 |
Financial liabilities |  |  |  |
Debt 4 | $4,726 |  | $5,107 |  | $4,782 |  | $4,922 |
Other liabilities 5 | 574 |  | 574 |  | 1,562 |  | 1,562 |
| $5,300 |  | $5,681 |  | $6,344 |  | $6,484 |
1 Includes restricted cash and amounts due from our partners and joint ventures. 2 Includes equity investments in other mining companies. Recorded at fair value. Quoted market prices are used to determine fair value. 3 2022 primarily consisted of contingent consideration received as part of the sale of Massawa and Lagunas Norte. During the first quarter of 2023, the final settlement of $46.25 million was received relating to the Massawa contingent consideration. During the fourth quarter of 2023, $15 million was received relating to the Lagunas Norte contingent consideration. 4 Debt is generally recorded at amortized cost. The fair value of debt is primarily determined using quoted market prices. Balance includes both current and long-term portions of debt. 52022 other assets include a restricted cash balance and other liabilities include a liability to Antofagasta plc. The restricted cash funded Antofagasta plc’s exit from the Reko Diq project, following its reconstitution as described in note 4. This was settled in the second quarter of 2023.

X
- Definition Fair value measurements + References No definition available. + Details
Name: | abx_FairValueMeasurementsAbstract
Namespace Prefix: | abx_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value measurement of assets. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementOfAssetsExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of the fair value measurement of liabilities. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 13 -IssueDate 2023-01-01 -Paragraph 93 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=13&code=ifrs-tx-2023-en-r&anchor=para_93&doctype=Standard -URIDate 2023-03-23 + Details
Name: | ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration