Barrick F-9 Registration of securities of certain investment grade debt of preferred securities of certain Canadian issuers

Exhibit 12.1

	Nine Months Ended September 30, 2009		Years Ended
(in millions of United States dollars)			2008		2007		2006		2005		2004
Ratio of earnings to fixed charges
Earnings
Income from continuing operations before income taxes and other items	(4,035	)1	1,451		1,480		1,560		462		43
Add:   Fixed charges	228		243		237		228		125		60
Amortization of capitalized interest	9		9		14		12		9		11
Loss from equity investees	(71	)	(64	)	(43	)	(4	)	(6	)	—
Less:  Capitalized interest	(200	)	(222	)	(124	)	(102	)	(118	)	(41	)
	(4,069	)	1,417		1,564		1,694		472		73
Fixed charges
Interest expensed2,3	28		21		113		126		7		19
Capitalized interest2,3	200		222		124		102		118		41
	228		243		237		228		125		60
Ratio of earnings to fixed charges	(18	)	6		7		7		4		1

1. Includes a charge of $5.7 billion reflecting a change in accounting treatment following Barrick’s decision to eliminate all of its fixed priced (non-participating) gold contracts and a portion of its floating spot price (fully participating) gold contracts. For additional information, see Barrick’s Interim Management’s Discussion and Analysis.

2. Includes interest on short and long term debt in addition to amortized premiums, discounts and capitalized expenses related to indebtedness.

3. 2006 interest excludes amounts allocated to discontinued operations ($23 million).