Barrick Gold (GOLD) 6-K 10 Aug 20 Current report (foreign) Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2020
Document Information [Line Items]
Entity Registrant Name	BARRICK GOLD CORP
Entity Central Index Key	0000756894
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	Q2
Document Type	6-K
Document Period End Date	Jun. 30, 2020
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Profit or loss [abstract]
Revenue (notes 5 and 6)	$ 3,055	$ 2,063	$ 5,776	$ 4,156
Costs and expenses (income)
Cost of sales (notes 5 and 7)	1,900	1,545	3,676	3,035
General and administrative expenses	71	59	111	113
Exploration, evaluation and project expenses	78	98	149	172
Impairment (reversals) charges (notes 9B and 13)	23	12	(313)	15
Loss (gain) on currency translation	2	(6)	18	16
Closed mine rehabilitation	7	16	97	41
Income from equity investees (note 12)	(61)	(50)	(115)	(78)
Other expense (note 9A)	73	7	38	33
Income before finance costs and income taxes	962	382	2,115	809
Finance costs, net	(82)	(118)	(186)	(238)
Income before income taxes	880	264	1,929	571
Income tax expense (note 10)	(258)	(41)	(644)	(208)
Net income	622	223	1,285	363
Attributable to:
Equity holders of Barrick Gold Corporation	357	194	757	305
Profit (loss), attributable to non-controlling interests	$ 265	$ 29	$ 528	$ 58
Earnings per share data attributable to the equity holders of Barrick Gold Corporation (note 8)
Basic	$ 0.20	$ 0.11	$ 0.43	$ 0.17
Diluted	$ 0.20	$ 0.11	$ 0.43	$ 0.17

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of comprehensive income [abstract]
Net income	$ 622	$ 223	$ 1,285	$ 363
Items that may be reclassified subsequently to profit or loss:
Unrealized gains (losses) on derivatives designated as cash flow hedges, net of tax $nil, $nil, $nil and $nil	(2)	0	(1)	0
Currency translation adjustments, net of tax $nil, $nil, $nil and $nil	(1)	(1)	(5)	(3)
Items that will not be reclassified to profit or loss:
Actuarial gain (loss) on post employment benefit obligations, net of tax $nil, $nil, $nil and $nil	(5)	0	(2)	0
Net unrealized change on equity investments	118	11	93	7
Total other comprehensive income	110	10	85	4
Total comprehensive income	732	233	1,370	367
Attributable to:
Equity holders of Barrick Gold Corporation	467	204	842	309
Non-controlling interests	$ 265	$ 29	$ 528	$ 58

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Statement of comprehensive income [abstract]
Unrealized gains (losses) on derivatives designated as cash flow hedges, net of tax $nil, $nil, $nil and $nil	$ 0	$ 0	$ 0	$ 0
Currency translation adjustments, net of tax $nil, $nil, $nil and $nil	0	0	0	0
Actuarial gain (loss) on post employment benefit obligations, net of tax ($3), $nil, $nil and $nil	(3)	0	0	0
Income tax relating to investments in equity instruments included in other comprehensive income	$ 0	$ 0	$ 0	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
OPERATING ACTIVITIES
Net income	$ 622	$ 223	$ 1,285	$ 363
Adjustments for the following items:
Depreciation	566	466	1,090	901
Finance costs, net	86	125	197	252
Impairment (reversals) charges (notes 9B and 13)	23	12	(313)	15
Income tax expense (note 10)	258	41	644	208
Loss (gain) on sale of non-current assets	8	(12)	(52)	(12)
Loss (gain) on currency translation	2	(6)	18	16
Change in working capital (note 11)	(9)	(82)	(341)	(330)
Other operating activities (note 11)	(35)	38	18	14
Operating cash flows before interest and income taxes	1,521	805	2,546	1,427
Interest paid	(130)	(137)	(154)	(165)
Income taxes paid	(360)	(234)	(472)	(308)
Net cash provided by operating activities	1,031	434	1,920	954
INVESTING ACTIVITIES
Capital expenditures (note 5)	(509)	(379)	(960)	(753)
Sales proceeds	9	15	16	18
Purchase of investments other than investments accounted for using equity method		(4)		(7)
Proceeds from sales of investments other than investments accounted for using equity method	206		206
Divestitures (note 4)	0	0	256	0
Cash acquired in merger	0	0	0	751
Other investing activities (note 11)	30	17	55	62
Net cash provided by (used in) investing activities	(264)	(351)	(427)	71
FINANCING ACTIVITIES
Payments of lease liabilities, classified as financing activities	7	6	12	18
Debt repayments	0	0	(351)	(16)
Dividends	(124)	(61)	(246)	(394)
Funding from non-controlling interests	0	8	1	14
Disbursements to non-controlling interests	(217)	(23)	(434)	(28)
Other inflows (outflows) of cash, classified as financing activities	0	0	(15)	0
Net cash used in financing activities	(348)	(82)	(1,057)	(442)
Effect of exchange rate changes on cash and equivalents	(3)	(1)	(7)	(1)
Net increase in cash and equivalents	416	0	429	582
Cash and equivalents at the beginning of period	3,327	2,153	3,314	1,571
Cash and equivalents at the end of period	$ 3,743	$ 2,153	$ 3,743	$ 2,153

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Current assets
Cash and equivalents (note 14A)	$ 3,743	$ 3,314
Accounts receivable	407	363
Inventories	2,160	2,289
Other current assets	609	565
Current assets other than non-current assets or disposal groups classified as held for sale or as held for distribution to owners	6,919	6,531
Non-current assets or disposal groups classified as held for sale or as held for distribution to owners	0	356
Total current assets	6,919	6,887
Non-current assets
Equity in investees (note 12)	4,587	4,527
Property, plant and equipment	24,727	24,141
Goodwill	4,769	4,769
Intangible assets	214	226
Deferred income tax assets	143	235
Non-current portion of inventory	2,460	2,300
Other assets	1,361	1,307
Total assets	45,180	44,392
Current liabilities
Accounts payable	1,072	1,155
Debt (note 14B)	26	375
Current income tax liabilities	122	224
Other current liabilities	591	622
Total current liabilities	1,811	2,376
Non-current liabilities
Debt (note 14B)	5,142	5,161
Provisions	3,291	3,114
Deferred income tax liabilities	3,106	3,091
Other liabilities	1,084	823
Total liabilities	14,434	14,565
Equity
Capital stock (note 16)	29,234	29,231
Deficit	(9,214)	(9,722)
Accumulated other comprehensive loss	(37)	(122)
Other	2,049	2,045
Total equity attributable to Barrick Gold Corporation shareholders	22,032	21,432
Non-controlling interests	8,714	8,395
Total equity	30,746	29,827
Contingencies and commitments (notes 5 and 17)
Total liabilities and equity	$ 45,180	$ 44,392

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) $ in Millions	Total	Randgold Corporation [Member]	Tanzanian Mines	Reserve of exchange differences on translation [member]	Capital stock	Capital stockRandgold Corporation [Member]	Retained earnings (deficit)	Accumulated other comprehensive income (loss)	[1]	Other	[2]	Total equity attributable to shareholders	Total equity attributable to shareholdersRandgold Corporation [Member]	Non-controlling interests	Non-controlling interestsTanzanian Mines	Non-controlling interestsRandgold Corporation [Member]	Additional paid-in capital [member]
Beginning balance (shares) at Dec. 31, 2018					1,167,847,000
Beginning balance at Dec. 31, 2018	$ 9,385				$ 20,883		$ (13,453)	$ (158)		$ 321		$ 7,593		$ 1,792
Net income	363						305					305		58
Total other comprehensive income	4						0	4				4
Total comprehensive income	367						305	4				309		58
Transactions with owners
Dividends	(64)						(64)					(64)
Increase (decrease) in number of shares outstanding						583,669,000
Increase (decrease) through acquisition of subsidiary, equity		$ 8,788				$ 7,903							$ 7,903			$ 885
Issued On Exercise Of Stock Options, Shares					25,000
Decrease Through Disbursements to Non-controlling Interests	28													28
Funding from non-controlling interests	14													14
Other decrease in non-controlling interests	(28)													(28)
Number of Shares Issued in Dividend Reinvestment Plan with Owners					1,128,000
Dividend reinvestment plan (shares)					1,128,000
Dividend reinvestment plan					$ 15		(15)
Increase (decrease) through share-based payment transactions, equity	5									5		5
Total transactions with owners (shares)					584,822,000
Total transactions with owners	8,715				$ 7,918		(79)			5		7,844		871
Ending balance (shares) at Jun. 30, 2019					1,752,669,000
Ending balance at Jun. 30, 2019	18,467			$ 84	$ 28,801		(13,227)	(154)		326		15,746		2,721			$ 283
Beginning balance (shares) at Dec. 31, 2019					1,777,927,000
Beginning balance at Dec. 31, 2019	29,827				$ 29,231		(9,722)	(122)		2,045		21,432		8,395			2,007
Net income	1,285						757					757		528
Total other comprehensive income	85				0		0	85		0		85		0
Total comprehensive income	1,370				$ 0		757	85		0		842		528
Transactions with owners
Dividends	(246)						(246)	0				(246)		0
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity			$ 238												$ 238
Issued On Exercise Of Stock Options, Shares					40,000
Decrease Through Disbursements to Non-controlling Interests	448				$ 0		0	0		0		0		448
Funding from non-controlling interests	1													1
Other decrease in non-controlling interests	$ (448)				$ 0		0	0		0		0		(448)
Number of Shares Issued in Dividend Reinvestment Plan with Owners	101,460				101,000
Dividend reinvestment plan (shares)	101,460				101,000
Dividend reinvestment plan					$ 3		(3)
Increase (decrease) through share-based payment transactions, equity	$ 4									4		4
Total transactions with owners (shares)					141,000
Total transactions with owners	(451)				$ 3		(249)	0		4		(242)		(209)
Ending balance (shares) at Jun. 30, 2020					1,778,068,000
Ending balance at Jun. 30, 2020	$ 30,746			$ 92	$ 29,234		$ (9,214)	$ (37)		$ 2,049		$ 22,032		$ 8,714			$ 2,011
[1]	Includes cumulative translation losses at June 30, 2020: $92 million (June 30, 2019: $84 million)
[2]	Includes additional paid-in capital as at June 30, 2020: $2,011 million (December 31, 2019: $2,007 million; June 30, 2019: $283 million). The accompanying notes are an integral part of these condensed interim consolidated financial statements.

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019	Jun. 30, 2019	Dec. 31, 2018
Equity	$ 30,746	$ 29,827	$ 18,467	$ 9,385
Cumulative translation adjustments
Equity	92		84
Additional paid-in capital
Equity	$ 2,011	$ 2,007	$ 283

CORPORATE INFORMATION

CORPORATE INFORMATION	6 Months Ended
	Jun. 30, 2020
Corporate Information [Abstract]
CORPORATE INFORMATION	CORPORATE INFORMATION Barrick Gold Corporation (“Barrick”, “we” or the “Company”) is a corporation governed by the Business Corporations Act (British Columbia) . The Company’s head office is located at Brookfield Place, TD Canada Trust Tower, 161 Bay Street, Suite 3700, Toronto, Ontario, M5J 2S1. The Company’s registered office is 925 West Georgia Street, Suite 1600, Vancouver, British Columbia, V6C 3L2. We are principally engaged in the production and sale of gold and copper, as well as related activities such as exploration and mine development. We sell our gold and copper into the world market.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2020
Significant Accounting Policies [Abstract]
Significant Accounting Policies	SIGNIFICANT ACCOUNTING POLICIES A) Statement of Compliance These condensed interim consolidated financial statements have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”). These interim financial statements should be read in conjunction with Barrick’s most recently issued Annual Report which includes information necessary or useful to understanding the Company’s business and financial statement presentation. In particular, the Company’s significant accounting policies were presented in Note 2 of the Annual Consolidated Financial Statements for the year ended December 31, 2019 ("2019 Annual Financial Statements"), and have been consistently applied in the preparation of these interim financial statements, except as otherwise noted in Note 2B. These condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on August 7, 2020. B) New Accounting Standards Issued But Not Yet Effective Certain new accounting standards and interpretations have been published that are not mandatory for the current period and have not been early adopted. These standards are not expected to have a material impact on Barrick in the current or future reporting periods.

SIGNIFICANT JUDGMENTS, ESTIMATE

SIGNIFICANT JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS	6 Months Ended
	Jun. 30, 2020
Accounting Judgements and Estimates [Abstract]
SIGNIFICANT JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS	SIGNIFICANT JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS The judgments, estimates, assumptions and risks discussed here reflect updates from the 2019 Annual Financial Statements. For judgments, estimates, assumptions and risks related to other areas not discussed in these interim consolidated financial statements, please refer to Notes 3 and 28 of the 2019 Annual Financial Statements. A) Provision for Environmental Rehabilitation (“PER”) Provisions are updated each reporting period for changes to expected cash flows and for the effect of changes in the discount rate and foreign exchange rates. The change in estimate is added or deducted from the related asset and depreciated over the expected economic life of the operation to which it relates. We recorded a net increase of $nil (2019: $69 million net increase) to the PER at our minesites for the three months ended June 30, 2020 and a net increase of $136 million (2019: $271 million net increase) for the six months ended June 30, 2020 primarily due to a decrease in the discount rate. Adjustments to the estimated amount and timing of future closure and rehabilitation cash flows are a normal occurrence in light of the significant judgments and estimates involved. Rehabilitation provisions are adjusted as a result of changes in estimates and assumptions and are accounted for prospectively. In the fourth quarter of each year, our life of mine plans are updated and that typically results in an update to the rehabilitation provision. B) Pascua-Lama The Pascua-Lama project received $394 million as at June 30, 2020 (December 31, 2019: $424 million) in value added tax (“VAT”) refunds in Chile relating to the development of the Chilean side of the project. Under the current arrangement this amount must be repaid if the project does not evidence exports for an amount of $3,538 million within a term that expires on December 31, 2026, unless extended. Interest on this amount would accrue from the date of non-compliance. In addition, we have recorded $63 million in VAT recoverable in Argentina as at June 30, 2020 (December 31, 2019: $72 million) relating to the development of the Argentinean side of the project. These amounts may not be fully recoverable if the project does not enter into production and are subject to foreign currency risk as the amounts are recoverable in Argentine pesos. C) Contingencies Contingencies can be either possible assets or possible liabilities arising from past events which, by their nature, will be resolved only when one or more future events, not wholly within our control, occur or fail to occur. The assessment of such contingencies inherently involves the exercise of significant judgment and estimates of the outcome of future events. Refer to note 17 for further details on contingencies. D) Covid-19 On March 11, 2020, the Covid-19 outbreak was declared a pandemic by the World Health Organization. The outbreak and efforts to contain it have had a significant effect on commodity prices and capital markets. Although we have adapted certain operating procedures to respond to Covid-19 to date, our operations have not been significantly impacted by the pandemic with the exception of Veladero. In Argentina, a mandatory nationwide quarantine was lifted in April, while movement and social distancing restrictions slowed the remobilization of employees and contractors back to Veladero. Notwithstanding the proactive and considered actions taken to maintain a safe workplace, it is possible that in the future there will be negative impacts on our operations or supply chain and the pandemic may trigger actions such as reduced mining and production activities at our operations. This could have a material adverse effect on our cash flows, earnings, results of operations and financial position. Our sites have continued to produce and sell their production, with no significant disruptions to date, with the exception of Veladero as noted above. Our ability to maintain production across our operations combined with increased market gold prices, has resulted in Barrick being able to deliver strong operating cash flow in the first half of 2020. Barrick has $3.7 billion in cash, an undrawn $3.0 billion credit facility and no significant debt repayments due until 2033, providing us with sufficient liquidity to manage through this period of uncertainty. While we have not experienced any significant negative impact to date, the extent to which Covid-19 impacts future business activity or financial results, and the duration of any such negative impact, will depend on future developments, which are highly uncertain and unknown at this time.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	6 Months Ended
	Jun. 30, 2020
Business Combinations and Discontinued Operations [Abstract]
Acquisitions and Divestitures	ACQUISITIONS AND DIVESTITURESA) Massawa ProjectOn March 4, 2020, Barrick and our Senegalese joint venture partner completed the sale of our aggregate 90% interest in the Massawa project (“Massawa”) in Senegal to Teranga Gold Corporation (“Teranga”) for total consideration fair valued at $440 million on the date of closing. Barrick received 92.5% of the consideration for its interest in the Massawa project, with the balance received by Barrick’s local Senegalese partner. Barrick received a net of $256 million in cash and 19,164,403 Teranga common shares (worth $104 million at the date of closing) plus a contingent payment of up to $46.25 million based on the three year average gold price, which was valued at $28 million at the date of closing. The cash consideration received was net of $25 million that Barrick provided through its participation in the $225 million syndicated debt financing facility secured by Teranga in connection with the transaction. The facility has a final repayment date of December 31, 2022. The difference between the fair value of consideration received and the carrying value of the assets on closing was $54 million and was recognized as a gain in the first quarter of 2020.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Jun. 30, 2020
Operating Segments [Abstract]
SEGMENT INFORMATION	5 > SEGMENT INFORMATION Barrick’s business is organized into eighteen minesites and one project. Barrick’s Chief Operating Decision Maker ("CODM") (Mark Bristow, President and Chief Executive Officer) reviews the operating results, assesses performance and makes capital allocation decisions at the minesite, Company and/or project level. Each individual minesite and the Pascua-Lama project are operating segments for financial reporting purposes. Our presentation of our reportable operating segments consists of nine gold mines (Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, Porgera and North Mara). The remaining operating segments, including our copper mines, remaining gold mines and project, have been grouped into an “other” category and will not be reported on individually. Segment performance is evaluated based on a number of measures including operating income before tax, production levels and unit production costs. Certain costs are managed on a consolidated basis and are therefore not reflected in segment income. Prior period figures have been restated to reflect the changes made to our reportable operating segments in the prior year. Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2020 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $654 $325 $70 $7 $6 $246 Cortez 2 368 131 56 3 — 178 Turquoise Ridge 2 218 96 40 4 — 78 Pueblo Viejo 2 335 124 54 2 (2) 157 Loulo-Gounkoto 2 340 126 74 4 2 134 Kibali 164 59 42 1 (2) 64 Veladero 62 30 13 — 3 16 Porgera 39 20 6 — 26 (13) North Mara 2 139 59 25 — 2 53 Other Mines 2,3 900 420 218 3 23 236 Reportable segment total $3,219 $1,390 $598 $24 $58 $1,149 Share of equity investees (164) (59) (42) (1) 2 (64) Segment total $3,055 $1,331 $556 $23 $60 $1,085 Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2019 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $235 $150 $53 $2 ($3) $33 Cortez 2 368 137 65 2 6 158 Turquoise Ridge 2 110 48 9 1 (1) 53 Pueblo Viejo 2 314 141 47 3 1 122 Loulo-Gounkoto 2 243 110 87 2 3 41 Kibali 125 51 31 — — 43 Veladero 100 57 31 1 (1) 12 Porgera 83 57 8 1 1 16 North Mara 2 135 56 25 — 5 49 Other Mines 2,3 475 322 133 3 16 1 Reportable segment total $2,188 $1,129 $489 $15 $27 $528 Share of equity investees (125) (51) (31) — — (43) Segment total $2,063 $1,078 $458 $15 $27 $485 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2020 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $1,316 $649 $150 $10 $12 $495 Cortez 2 698 259 110 5 2 322 Turquoise Ridge 2 444 192 91 5 2 154 Pueblo Viejo 2 709 256 107 5 — 341 Loulo-Gounkoto 2 583 220 133 6 5 219 Kibali 304 111 83 2 (4) 112 Veladero 152 75 35 — 2 40 Porgera 140 80 16 1 27 16 North Mara 2 271 113 50 — (3) 111 Other Mines 2,3 1,463 740 378 7 37 301 Reportable segment total $6,080 $2,695 $1,153 $41 $80 $2,111 Share of equity investees (304) (111) (83) (2) 4 (112) Segment total $5,776 $2,584 $1,070 $39 $84 $1,999 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2019 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $546 $310 $119 $4 ($3) $116 Cortez 2 707 250 129 4 11 313 Turquoise Ridge 2 210 87 15 1 — 107 Pueblo Viejo 2 640 258 93 6 2 281 Loulo-Gounkoto 2 453 220 146 4 6 77 Kibali 242 103 87 — (1) 53 Veladero 191 108 61 1 (1) 22 Porgera 169 114 19 1 1 34 North Mara 2 223 108 45 — 7 63 Other Mines 2,3 1,017 679 256 7 35 40 Reportable segment total $4,398 $2,237 $970 $28 $57 $1,106 Share of equity investees (242) (103) (87) — 1 (53) Segment total $4,156 $2,134 $883 $28 $58 $1,053 1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2020, accretion expense was $6 million (2019: $13 million) and for the six months ended June 30, 2020, accretion expense was $18 million (2019: $26 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2020 for Nevada Gold Mines $577 million, $342 million, $224 million (2019: $nil, $nil, $nil), Pueblo Viejo $134 million, $70 million, $65 million (2019: $122 million, $74 million, $47 million), Loulo-Gounkoto $68 million, $40 million, $27 million (2019: $49 million, $39 million, $9 million), North Mara, Bulyanhulu and Buzwagi $52 million, $32 million, $18 million (2019: $68 million, $48 million, $15 million), and Tongon $13 million, $11 million, $4 million (2019: $9 million, $10 million, $(1) million) and for the six months ended June 30, 2020 for Nevada Gold Mines $1,113 million, $672 million, $424 million (2019: $nil, $nil, $nil), Pueblo Viejo $292 million, $144 million, $147 million (2019: $250 million, $139 million, $108 million), Loulo-Gounkoto $117 million, $71 million, $44 million (2019: $91 million, $73 million, $16 million), North Mara, Bulyanhulu and Buzwagi $83 million, $54 million, $26 million (2019: $118 million, $90 million, $19 million) and Tongon $24 million, $20 million, $5 million (2019: $18 million, $21 million, $(3) million). 3 Includes provisional pricing adjustments for the three months ended June 30, 2020 of $31 million gains (2019: $8 million losses) and for the six months ended June 30, 2020 of $7 million gains (2019: $14 million gains). Reconciliation of Segment Income to Income Before Income Taxes For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Segment income $1,085 $485 $1,999 $1,053 Other cost of sales/amortization (13) (9) (22) (18) Exploration, evaluation and project expenses not attributable to segments (55) (83) (110) (144) General and administrative expenses (71) (59) (111) (113) Other income (expense) not attributable to segments (31) 7 23 (2) Impairment reversals (charges) (23) (12) 313 (15) Gain (loss) on currency translation (2) 6 (18) (16) Closed mine rehabilitation (7) (16) (97) (41) Income from equity investees 61 50 115 78 Finance costs, net (includes non-segment accretion) (76) (105) (168) (212) Gain on non-hedge derivatives 12 — 5 1 Income before income taxes 1 $880 $264 $1,929 $571 1 Includes non-controlling interest portion of revenues, cost of sales and non-segment income for the three months ended June 30, 2020 for Acacia, $nil, $nil, $nil (2019: $nil, $nil,$(3) million) and Nevada Gold Mines, $nil, $2 million, $(9) million (2019: $nil, $nil, $nil) and for the six months ended June 30, 2020 for Acacia, $nil, $nil, $nil (2019: $nil, $nil, $(6) million) and Nevada Gold Mines, $nil, $2 million, $(9) million (2019: $nil $nil, $nil). Capital Expenditures Information Segment capital expenditures 1 For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Carlin $103 $64 $196 $119 Cortez 91 88 178 165 Turquoise Ridge 23 21 53 47 Pueblo Viejo 32 26 60 58 Loulo-Gounkoto 70 39 109 89 Kibali 16 10 31 20 Veladero 16 19 42 48 Porgera 3 20 11 29 North Mara 21 15 36 28 Other Mines 94 82 155 197 Reportable segment total $469 $384 $871 $800 Other items not allocated to segments 57 19 91 51 Total $526 $403 $962 $851 Share of equity investees (16) (10) (31) (20) Total $510 $393 $931 $831 1 Segment capital expenditures are presented for internal management reporting purposes on an accrual basis. Capital expenditures in the Consolidated Statements of Cash Flow are presented on a cash basis. For the three months ended June 30, 2020, cash expenditures were $509 million (2019: $379 million) and the increase in accrued expenditures was $1 million (2019: $14 million increase). For the six months ended June 30, 2020, cash expenditures were $960 million (2019: $753 million) and the decrease in accrued expenditures was $29 million (2019: $78 million increase). Purchase Commitments At June 30, 2020, we had purchase obligations for supplies and consumables of $1,484 million (December 31, 2019: $1,681 million). Capital Commitments In addition to entering into various operational commitments in the normal course of business, we had capital commitments of $206 million at June 30, 2020 (December 31, 2019: $383 million).

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2020
Revenue [abstract]
REVENUE	REVENUE For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Gold sales Spot market sales $2,617 $1,928 $5,172 $3,822 Concentrate sales 191 8 229 20 Provisional pricing adjustments 4 1 4 1 $2,812 $1,937 $5,405 $3,843 Copper sales Copper concentrate sales $157 $112 $280 $253 Provisional pricing adjustments 27 (9) 3 13 $184 $103 $283 $266 Other sales 1 59 23 88 47 Total $3,055 $2,063 $5,776 $4,156 1 Revenues include the sale of by-products for our gold and copper mines including silver revenue of $19 million for the three months ended June 30, 2020 (2019: $23 million) and $30 million for the six months ended June 30, 2020 (2019: $47 million).

COST OF SALES

COST OF SALES	6 Months Ended
	Jun. 30, 2020
Analysis of income and expense [abstract]
COST OF SALES	COST OF SALES Gold Copper Other 3 Total For the three months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Direct mining cost 1,2 $1,121 $921 $79 $63 $2 $— $1,202 $984 Depreciation 498 431 63 28 5 7 566 466 Royalty expense 116 78 11 9 — — 127 87 Community relations 5 7 — 1 — — 5 8 $1,740 $1,437 $153 $101 $7 $7 $1,900 $1,545 Gold Copper Other 3 Total For the six months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Direct mining cost 1,2 $2,201 $1,815 $148 $139 $4 $— $2,353 $1,954 Depreciation 972 815 106 70 12 16 1,090 901 Royalty expense 200 144 22 21 — — 222 165 Community relations 10 13 1 2 — — 11 15 $3,383 $2,787 $277 $232 $16 $16 $3,676 $3,035 1 Direct mining cost includes charges to reduce the cost of inventory to net realizable value as follows: $1 million for the three months ended June 30, 2020 (2019: $12 million) and $18 million for the six months ended June 30, 2020 (2019: $16 million). 2 Direct mining cost includes the costs of extracting by-products. 3 Other includes realized hedge gains and losses and corporate amortization.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Jun. 30, 2020
Earnings per share [abstract]
EARNINGS PER SHARE	EARNINGS PER SHARE For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Basic Diluted Basic Diluted Basic Diluted Basic Diluted Net income $622 $622 $223 $223 $1,285 $1,285 $363 $363 Net income attributable to non-controlling interests (265) (265) (29) (29) (528) (528) (58) (58) Net income attributable to equity holders of Barrick Gold Corporation $357 $357 $194 $194 $757 $757 $305 $305 Weighted average shares outstanding 1,778 1,778 1,752 1,752 1,778 1,778 1,749 1,749 Basic and diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation $0.20 $0.20 $0.11 $0.11 $0.43 $0.43 $0.17 $0.17

OTHER EXPENSE (INCOME)

OTHER EXPENSE (INCOME)	6 Months Ended
	Jun. 30, 2020
Other Operating Income (Expense) [Abstract]
OTHER EXPENSE (INCOME)	OTHER EXPENSE A) Other Expense (Income) For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Other expense: Bank charges $5 $3 $9 $8 Bulyanhulu reduced operations program cost 1 7 6 14 12 Litigation 6 9 9 19 Miscellaneous write-offs — — 1 2 Covid-19 donations 18 — 18 — Porgera care and maintenance costs 27 — 27 — Acacia - other — 4 — 5 Other 20 — 29 8 Total other expense $83 $22 $107 $54 Other income: Loss (gain) on sale of long-lived assets $8 ($12) ($52) ($12) Gain on non-hedge derivatives (12) — (5) (1) Other (6) (3) (12) (8) Total other income ($10) ($15) ($69) ($21) Total $73 $7 $38 $33 1 Primarily relates to care and maintenance costs. B) Impairment (Reversals) Charges For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Impairment (reversals) of non-current assets 1 $11 $12 ($325) $15 Impairment of intangibles 12 — 12 — Total $23 $12 ($313) $15 1 Refer to note 13 for further details.

INCOME TAX EXPENSE

INCOME TAX EXPENSE	6 Months Ended
	Jun. 30, 2020
Income Tax [Abstract]
INCOME TAX EXPENSE	INCOME TAX EXPENSE For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Current $222 $103 $474 $233 Deferred 36 (62) 170 (25) $258 $41 $644 $208 Income tax expense was $644 million for the six months ended June 30, 2020. The unadjusted effective income tax rate for the six months ended June 30, 2020, was 33% of the income before income taxes. The underlying effective income tax rate on ordinary income for the six months ended June 30, 2020 was 29% after adjusting for the gain on sale of the Massawa project; the impact of the settlement of all outstanding disputes with the Government of Tanzania ("GoT"); the impact of impairment charges; the impact of the transfer of a free carried shareholding of 16% in each of the Tanzania mines to the GoT; the impact of foreign currency translation losses on deferred tax balances; the impact of non-deductible foreign exchange losses; the impact of a reduced corporate tax rate in Argentina on deferred tax balances; the impact of Covid-19 donations; the impact of the Porgera mine being placed on care and maintenance; and the impact of other expense adjustments. Currency Translation Deferred tax balances are subject to remeasurement for changes in currency exchange rates each period. The most significant balances are Argentine and Malian net deferred tax liabilities. In the six months ended June 30, 2020, a tax recovery of $1 million primarily arose from translation losses and gains on tax balances in Argentina and Mali, respectively, due to the weakening of the Argentine peso and strengthening of the West African CFA franc, against the US dollar. These net translation gains are included within deferred income tax expense. Nevada Gold Mines Nevada Gold Mines is a limited liability company treated as a flow through partnership for US tax purposes. The partnership is not subject to federal income tax directly, but each of its partners is liable for tax on its share of the profits of the partnership. As such, Barrick accounts for its current and deferred income tax associated with the investment (61.5% share) following the principles in IAS 12. Argentina Deferred Taxes In December 2017, Argentina reduced its 35% corporate tax rate to 30% for 2018 and 2019, with a further reduction to 25% for 2020 and thereafter. Concurrently, a dividend distribution tax was introduced that charges 7% tax on dividend distributions for 2018 and 2019, and 13% tax on dividend distributions for 2020 and thereafter. On December 23, 2019, Argentina enacted a law that the previously approved corporate tax rate reduction from 30% to 25% will be deferred for one year until January 1, 2021. Therefore, the corporate tax rate of 30% is unchanged for the 2020 calendar year. The scheduled increase of dividend withholding tax from 7% to 13% was also deferred until January 1, 2021. A deferred tax recovery of $35 million was recorded in the first quarter of 2020 as a result of the tax reform measures. Tanzania On January 24, 2020, Barrick formalized the establishment of a joint venture between Barrick and the GoT and resolution of all outstanding disputes between Barrick and the GoT, including the lifting of the previous concentrate export ban, effective immediately. Refer to note 13 for further details. A current tax expense and deferred tax recovery of $21 million and $44 million, respectively, was recorded in the first quarter of 2020, largely to reflect the terms of the framework agreement with the GoT. An additional deferred tax recovery of $8 million was recorded in the second quarter of 2020 due to the recognition of deferred tax assets at Buzwagi.

CASH FLOW _ OTHER ITEMS

CASH FLOW – OTHER ITEMS	6 Months Ended
	Jun. 30, 2020
Cash Flow Statement [Abstract]
CASH FLOW – OTHER ITEMS	CASH FLOW – OTHER ITEMS Operating Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Adjustments for non-cash income statement items: Gain on non-hedge derivatives ($12) $— ($5) ($1) Share-based compensation expense 33 26 50 38 Income from investment in equity investees (61) (50) (115) (78) Change in estimate of rehabilitation costs at closed mines 7 16 97 41 Net inventory impairment charges 1 12 18 16 Change in other assets and liabilities 21 50 17 28 Settlement of rehabilitation obligations (24) (16) (44) (30) Other operating activities ($35) $38 $18 $14 Cash flow arising from changes in: Accounts receivable ($40) ($44) ($48) ($33) Inventory 59 22 (25) 12 Other current assets (33) (9) (139) (94) Accounts payable 6 (37) (73) (160) Other current liabilities (1) (14) (56) (55) Change in working capital ($9) ($82) ($341) ($330) Investing Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Dividends received from equity method investments $29 $17 $54 $32 Shareholder loan repayments from equity method investments 1 — 1 30 Other net investing activities $30 $17 $55 $62

EQUITY ACCOUNTING METHOD INVEST

EQUITY ACCOUNTING METHOD INVESTMENT CONTINUITY	6 Months Ended
	Jun. 30, 2020
Interests In Other Entities [Abstract]
INVESTMENTS	EQUITY ACCOUNTING METHOD INVESTMENT CONTINUITY Kibali Jabal Sayid Zaldívar Other Total At January 1, 2019 $— $245 $989 $— $1,234 Acquisitions 3,195 — — 58 3,253 Equity pick-up from equity investees 98 51 16 — 165 Funds invested — — — 2 2 Dividends received (75) — (50) — (125) Shareholder loan repayment — — — (2) (2) At December 31, 2019 $3,218 $296 $955 $58 $4,527 Equity pick-up from equity investees 87 28 — — 115 Shareholder loan repayment — — — (1) (1) Dividends received (54) — — — (54) At June 30, 2020 $3,251 $324 $955 $57 $4,587

IMPAIRMENT OF GOODWILL AND OTHE

IMPAIRMENT OF GOODWILL AND OTHER ASSETS	6 Months Ended
	Jun. 30, 2020
Impairment of Goodwill and Other Assets [Abstract]
Impairment of Goodwill and Other Assets	IMPAIRMENT OF GOODWILL AND OTHER ASSETS In accordance with our accounting policy, goodwill is tested for impairment in the fourth quarter and also when there is an indicator of impairment. Non-current assets are tested for impairment or impairment reversals when events or changes in circumstances suggest that the carrying amount may not be recoverable or is understated. Refer to note 21 of the 2019 Annual Financial Statements for further information. For the six months ended June 30, 2020, we recorded net impairment reversals of $313 million (2019: $15 million impairments) for non-current assets. Indicators of impairment and reversals Second Quarter 2020 Porgera As described in note 17, on April 24, 2020, we received communication from the Government of Papua New Guinea that the Special Mining Lease will not be extended, and therefore Porgera was placed on temporary care and maintenance on April 25, 2020. We have performed an analysis and concluded that the carrying value of our 47.5% share of Porgera ($254 million as at June 30, 2020) remains recoverable under the temporary care and maintenance scenario. The ultimate resolution of this dispute may differ from this assumption and there is no guarantee that the carrying value will remain recoverable. First Quarter 2020 Tanzania On January 24, 2020, Barrick formalized the establishment of a joint venture between Barrick and the GoT and resolution of all outstanding disputes between Barrick and the GoT, including the lifting of the previous concentrate export ban, effective immediately. Effective January 1, 2020, the GoT received a free carried shareholding of 16% in each of the Tanzania mines (Bulyanhulu, Buzwagi and North Mara), a 16% interest in the shareholder loans owed by the operating companies and will receive half of the economic benefits from the Tanzanian operations from taxes, royalties, clearing fees and participation in all cash distributions made by the mines, after the recoupment of capital investments. We have determined this to be an indicator of impairment reversal, as the resolution of the long standing dispute has led to a decrease in the risk adjustment previously included in the weighted average cost of capital ("WACC") and the removal of the estimated impact of the previously anticipated issuance of the equity to the GoT. The key assumptions and estimates used in determining the fair value less cost to dispose (“FVLCD”) are a short-term gold price of $1,350 per ounce, long-term gold price of $1,300 per ounce, NAV multiples of 1.1-1.3 and a WACC of 5.4%-6.2%. Management assumed the resumption of concentrate sales and exports commencing in Q2 2020 and the resumption of production from underground mining at Bulyanhulu in 2020. We identified that the FVLCD exceeded the carrying value and a full non-current asset impairment reversal was recognized in the first quarter of 2020 of $649 million at Bulyanhulu and $88 million at North Mara, based on a FVLCD of $1,237 million and $967 million, respectively. No impairment reversal was recognized at Buzwagi. The FVLCD was also used to determine the initial value assigned to the 16% equity interest in each of the operating mines that was given to the GoT. The recognition of this non-controlling interest in the three Tanzanian mines resulted in a loss of $238 million being recognized in the first quarter of 2020. The assignment of 16% of the existing shareholder loans also resulted in the recognition of a $167 million loss in the first quarter of 2020. As the signing of the agreement to resolve all outstanding disputes with the GoT caused the impairment reversal, loss on equity issuance and loss on assignment of shareholder loans, the financial impact has been aggregated and presented as a $332 million net impairment reversal on the consolidated statement of income.

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Jun. 30, 2020
Financial Instruments [Abstract]
FINANCIAL INSTRUMENTS	FINANCIAL INSTRUMENTS Financial instruments include cash; evidence of ownership in an entity; or a contract that imposes an obligation on one party and conveys a right to a second party to deliver/receive cash or another financial instrument. A) Cash and Equivalents Cash and equivalents include cash, term deposits, treasury bills and money market funds with original maturities of less than 90 days. B) Debt On January 31, 2020, Barrick completed a make-whole redemption of the approximately $337 million of outstanding principal on the 3.85% notes due 2022. The settlement resulted in a debt extinguishment loss of $15 million. In January 2020, the final installment of $14 million was repaid for the Acacia Credit Facility.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2020
Fair Value Measurements [Abstract]
Disclosure of fair value measurement [text block]	FAIR VALUE MEASUREMENTS A) Assets and Liabilities Measured at Fair Value on a Recurring Basis As at June 30, 2020 Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Aggregate fair value (Level 1) (Level 2) (Level 3) Cash and equivalents $3,743 $— $— $3,743 Other investments 250 — — 250 Derivatives — 35 — 35 Receivables from provisional copper and gold sales — 153 — 153 $3,993 $188 $— $4,181 B) Fair Values of Financial Assets and Liabilities As at June 30, 2020 As at December 31, 2019 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $639 $639 $612 $612 Other investments 2 250 250 258 258 Derivative assets 3 37 37 1 1 $926 $926 $871 $871 Financial liabilities Debt 4 $5,168 $6,960 $5,536 $6,854 Derivative liabilities 2 2 — — Other liabilities 352 352 209 209 $5,522 $7,314 $5,745 $7,063 1 Includes restricted cash and amounts due from our partners. 2 Recorded at fair value. Quoted market prices are used to determine fair value. 3 Primarily consists of contingent consideration received as part of the sale of Massawa 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. The Company’s valuation techniques were presented in Note 26 of the 2019 Annual Financial Statements and have been consistently applied in these interim financial statements.

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Jun. 30, 2020
Capital Stock [Abstract]
CAPITAL STOCK	CAPITAL STOCK A) Authorized Capital Stock Our authorized capital stock is composed of an unlimited number of common shares (issued 1,778,068,071 common shares as at June 30, 2020). Our common shares have no par value. B) Dividends The Company’s practice has been to declare dividends after a quarter in the announcement of the results for the quarter. Dividends declared are paid in the same quarter.

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2020
Contingent Liabilities [Abstract]
CONTINGENCIES	CONTINGENCIES Certain conditions may exist as of the date the financial statements are issued that may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The impact of any resulting loss from such matters affecting these financial statements and noted below may be material. Except as noted below, no material changes have occurred with respect to the matters disclosed in Note 36 “Contingencies” to the 2019 Annual Financial Statements, and no new contingencies have occurred that are material to the Company since the issuance of the 2019 Annual Financial Statements. The description set out below should be read in conjunction with Note 36 “Contingencies” to the 2019 Annual Financial Statements. Litigation and Claims Update Proposed Canadian Securities Class Actions (Pascua-Lama) In March 2020, the Quebec court denied both the leave to proceed with statutory secondary market misrepresentations claims and class certification motions. As a result, subject to appeal, the claimant cannot pursue the statutory secondary market misrepresentation claims, and can only pursue his other purported claims on an individual basis rather than on behalf of other shareholders. The claimant has not yet filed an appeal. The motion for class certification in Ontario has not yet been heard. The Ontario court has indicated that it does not intend to hear that motion until after the Plaintiffs’ appeal from the October 2019 decision dismissing all but one of the statutory secondary market misrepresentation claims is decided. The Company intends to vigorously defend the proposed Canadian securities class actions. No amounts have been recorded for any potential liability arising from these matters, as the Company cannot reasonably predict the outcome. Veladero - September 2015 Release of Cyanide-Bearing Process Solution Glaciers Investigation Due to the Argentine response to Covid-19, the oral arguments originally scheduled for April and May 2020 in this matter have been postponed and have not yet been rescheduled. Veladero – Tax Assessment and Criminal Charges In the Criminal Tax Case, the Argentinean Federal Tax Authority's appeal of the trial court's ruling on the defendants' motion to dismiss on statute of limitations grounds was denied. Additional evidence from an Argentine income tax expert will be submitted to the trial court to support the defendants’ arguments. The Company believes that the Tax Assessment and the Criminal Tax Case are without merit and intends to defend the proceedings vigorously. No amounts have been recorded for any potential liability arising from the Tax Assessment or the Criminal Tax Case, as the Company cannot reasonably predict the outcome. Writ of Kalikasan The tentative trial date of March 23, 2020 was postponed due to the Philippine government's response to the Covid-19 pandemic. While the Court has now reopened, a rescheduled trial date has not yet been set. No amounts have been recorded for any potential liability under this matter, as the Company cannot reasonably predict the outcome. The Company intends to continue to defend the action vigorously. Malian Tax Dispute The Company has settled all of the existing tax disputes with the State of Mali and the matters are now closed. The existing disputes were settled for an amount within the provision recorded for these matters in the Company’s 2019 Annual Financial Statements. Tanzania – Concentrate Export Ban and Related Disputes On January 24, 2020, Barrick announced that the Company had ratified the creation of Twiga at a signing ceremony with the President of Tanzania, formalizing the establishment of a joint venture between Barrick and the GoT and resolution of all outstanding disputes between Barrick and the GoT, including the lifting of the previous concentrate export ban, effective immediately. The GoT received a free carried shareholding of 16% in each of the Tanzania mines (Bulyanhulu, Buzwagi and North Mara), a 16% interest in the shareholder loans owed by the operating companies and will receive its half of the economic benefits from taxes, royalties, clearing fees and participation in all cash distributions made by the mines and Twiga, after the recoupment of capital investments. Twiga will provide management services to the mines. Barrick and the GoT continue efforts to fulfill their respective obligations to satisfy all conditions of the signed agreement, primarily with respect to the execution and delivery of formal termination documents for the settlement of all outstanding disputes between the two parties. Tanzanian Revenue Authority Assessments All of the tax disputes with the TRA were resolved as part of the settlement with the GoT described above under "Tanzania – Concentrate Export Ban and Related Disputes." As noted above, Barrick and the GoT continue efforts to fulfill their respective obligations to satisfy all conditions of the signed agreement, primarily with respect to the execution and delivery of formal termination documents for the settlement of all outstanding disputes between the two parties. Porgera Special Mining Lease Extension Porgera's Special Mining Lease (“SML”) terminated on August 16, 2019. The Company applied for a 20-year extension of the SML in June 2017 and has been engaging with the Government of Papua New Guinea on this matter since then. On August 2, 2019, the National Court of Papua New Guinea ruled that the provisions of the country’s 1992 Mining Act applied to the Porgera gold mine, thus allowing it to continue operating while the application to extend its SML was being considered. Also in 2019, in response to a request from Papua New Guinea Prime Minister Marape, the Company proposed a benefit-sharing arrangement that would deliver more than half the economic benefits from the Porgera mine to Papua New Guinea stakeholders, including the Government, for the remainder of the life of mine, estimated at 20 years. On April 24, 2020, Barrick Niugini Limited (“BNL”), the majority owner and operator of the Porgera joint venture, received a communication from the Government of Papua New Guinea that the SML would not be extended. The Company believes the Government’s decision not to extend the SML is tantamount to nationalization without due process and in violation of the Government’s legal obligations to BNL. The Company remains willing to discuss the issue with Prime Minister Marape and his Government in light of the potentially catastrophic impact of this decision for the communities at Porgera and in Enga Province, and for the country as a whole. BNL will pursue all legal avenues to challenge the Government’s decision and to recover any damages that BNL may suffer as a result of the Government’s decision. The Company will not discuss transitional arrangements for the management of the Porgera mine, as proposed by the Government, as this is not consistent with BNL’s rights. Based on the communication received from the Government of Papua New Guinea that the SML would not be extended, Porgera was placed on temporary care and maintenance on April 25, 2020 to ensure the safety and security of our employees and communities. On April 28, 2020, BNL filed a Judicial Review action against the Government of Papua New Guinea in the Papua New Guinea National Court of Justice. Judicial Review is a proceeding that challenges the procedural and constitutional adequacy of government administrative actions. The Judicial Review action seeks to quash the decision not to extend the SML on the grounds that the Government did not comply with the applicable legal standards and processes. On June 5, 2020, the National Court granted BNL leave to apply for Judicial Review. BNL asked the National Court for a stay of the decision not to extend the SML to enable BNL to stay in possession of the mine to put it on temporary care and maintenance and to protect the mine’s assets. After a hearing on April 30, 2020, the National Court ordered that BNL could stay in possession of the Porgera mine “to ensure that the environment, the integrity of the mine and the rights of the landowners are not compromised” and ordered the Government of Papua New Guinea to cooperate with that objective. On July 17, 2020, the Court stayed any further actions to implement the decision not to extend the SML. Trial was set to commence in the Judicial Review action on August 12, 2020. BNL sought leave to appeal two procedural rulings of the National Court that would affect the trial to the Supreme Court of Papua New Guinea. In hearings on August 5 and 6, 2020, the Supreme Court granted leave for BNL's appeals and stayed the trial. On July 9, 2020, BNL initiated conciliation proceedings before the World Bank’s International Centre for Settlement of Investment Disputes (“ICSID”). Through this conciliation, BNL seeks to reach an agreement for the extension of the SML on terms that will be mutually beneficial to the Company and to all Papua New Guinea stakeholders. Simultaneously with BNL initiating the conciliation proceedings, Barrick (PD) Australia Pty Limited (“Barrick PD”), the Company’s subsidiary and an investor in the Porgera mine, has given notice to the Government of Papua New Guinea that a dispute has arisen under the Bilateral Investment Treaty (“BIT”) between Papua New Guinea and Australia, and has referred the dispute to arbitration before the ICSID. Barrick PD seeks to recover damages it has already suffered and damages it may suffer in the future by virtue of the Government’s wrongful refusal to grant an extension of the SML. The dispute notice expressly invites the Government to engage in consultations and negotiations in an attempt to resolve the investment treaty dispute. Porgera Tax Audits In April 2020, BNL received a position paper from the Internal Revenue Commission ("IRC") in Papua New Guinea asserting various proposed adjustments and other tax liabilities amounting to $191 million (not including potential penalties) arising from tax audits of BNL conducted for 2006 through 2015. BNL responded to the position paper on June 30, 2020. The Company has reviewed the IRC position paper and concluded that there is no merit to the proposed adjustments, except for certain immaterial items for which a provision had already been made. The Company intends to defend its position vigorously and has not recorded any additional estimated amounts for the potential liability arising from the IRC position paper as the Company cannot reasonably predict the outcome. Zaldívar Chilean Tax Assessment On March 17, 2020, Compañía Minera Zaldívar Limitada ("CMZ"), Barrick’s Chilean subsidiary that holds the Company’s interest in the Zaldívar mine, filed a claim against the Chilean IRS at the Tax Court of Coquimbo (the “Tax Court”) to nullify the Zaldívar Tax Assessment. The Chilean IRS filed their response to CMZ’s claim on April 13, 2020. On May 22, 2020, the Tax Court held a conciliation hearing which did not result in the resolution of the matter. The Tax Court then granted a joint proposal from CMZ and the Chilean IRS to suspend the legal case until September 2020 while settlement discussions continue. Massawa Senegalese Tax Dispute

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2020
Significant Accounting Policies [Abstract]
Statement of Compliance	A) Statement of Compliance These condensed interim consolidated financial statements have been prepared in accordance with International Accounting Standard 34 Interim Financial Reporting (“IAS 34”) as issued by the International Accounting Standards Board (“IASB”). These interim financial statements should be read in conjunction with Barrick’s most recently issued Annual Report which includes information necessary or useful to understanding the Company’s business and financial statement presentation. In particular, the Company’s significant accounting policies were presented in Note 2 of the Annual Consolidated Financial Statements for the year ended December 31, 2019 ("2019 Annual Financial Statements"), and have been consistently applied in the preparation of these interim financial statements, except as otherwise noted in Note 2B. These condensed interim consolidated financial statements were authorized for issuance by the Board of Directors on August 7, 2020.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2020
Operating Segments [Abstract]
Disclosure of operating segments [text block]	Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2020 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $654 $325 $70 $7 $6 $246 Cortez 2 368 131 56 3 — 178 Turquoise Ridge 2 218 96 40 4 — 78 Pueblo Viejo 2 335 124 54 2 (2) 157 Loulo-Gounkoto 2 340 126 74 4 2 134 Kibali 164 59 42 1 (2) 64 Veladero 62 30 13 — 3 16 Porgera 39 20 6 — 26 (13) North Mara 2 139 59 25 — 2 53 Other Mines 2,3 900 420 218 3 23 236 Reportable segment total $3,219 $1,390 $598 $24 $58 $1,149 Share of equity investees (164) (59) (42) (1) 2 (64) Segment total $3,055 $1,331 $556 $23 $60 $1,085 Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2019 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $235 $150 $53 $2 ($3) $33 Cortez 2 368 137 65 2 6 158 Turquoise Ridge 2 110 48 9 1 (1) 53 Pueblo Viejo 2 314 141 47 3 1 122 Loulo-Gounkoto 2 243 110 87 2 3 41 Kibali 125 51 31 — — 43 Veladero 100 57 31 1 (1) 12 Porgera 83 57 8 1 1 16 North Mara 2 135 56 25 — 5 49 Other Mines 2,3 475 322 133 3 16 1 Reportable segment total $2,188 $1,129 $489 $15 $27 $528 Share of equity investees (125) (51) (31) — — (43) Segment total $2,063 $1,078 $458 $15 $27 $485 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2020 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $1,316 $649 $150 $10 $12 $495 Cortez 2 698 259 110 5 2 322 Turquoise Ridge 2 444 192 91 5 2 154 Pueblo Viejo 2 709 256 107 5 — 341 Loulo-Gounkoto 2 583 220 133 6 5 219 Kibali 304 111 83 2 (4) 112 Veladero 152 75 35 — 2 40 Porgera 140 80 16 1 27 16 North Mara 2 271 113 50 — (3) 111 Other Mines 2,3 1,463 740 378 7 37 301 Reportable segment total $6,080 $2,695 $1,153 $41 $80 $2,111 Share of equity investees (304) (111) (83) (2) 4 (112) Segment total $5,776 $2,584 $1,070 $39 $84 $1,999 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2019 Revenue Direct mining, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $546 $310 $119 $4 ($3) $116 Cortez 2 707 250 129 4 11 313 Turquoise Ridge 2 210 87 15 1 — 107 Pueblo Viejo 2 640 258 93 6 2 281 Loulo-Gounkoto 2 453 220 146 4 6 77 Kibali 242 103 87 — (1) 53 Veladero 191 108 61 1 (1) 22 Porgera 169 114 19 1 1 34 North Mara 2 223 108 45 — 7 63 Other Mines 2,3 1,017 679 256 7 35 40 Reportable segment total $4,398 $2,237 $970 $28 $57 $1,106 Share of equity investees (242) (103) (87) — 1 (53) Segment total $4,156 $2,134 $883 $28 $58 $1,053 1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2020, accretion expense was $6 million (2019: $13 million) and for the six months ended June 30, 2020, accretion expense was $18 million (2019: $26 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2020 for Nevada Gold Mines $577 million, $342 million, $224 million (2019: $nil, $nil, $nil), Pueblo Viejo $134 million, $70 million, $65 million (2019: $122 million, $74 million, $47 million), Loulo-Gounkoto $68 million, $40 million, $27 million (2019: $49 million, $39 million, $9 million), North Mara, Bulyanhulu and Buzwagi $52 million, $32 million, $18 million (2019: $68 million, $48 million, $15 million), and Tongon $13 million, $11 million, $4 million (2019: $9 million, $10 million, $(1) million) and for the six months ended June 30, 2020 for Nevada Gold Mines $1,113 million, $672 million, $424 million (2019: $nil, $nil, $nil), Pueblo Viejo $292 million, $144 million, $147 million (2019: $250 million, $139 million, $108 million), Loulo-Gounkoto $117 million, $71 million, $44 million (2019: $91 million, $73 million, $16 million), North Mara, Bulyanhulu and Buzwagi $83 million, $54 million, $26 million (2019: $118 million, $90 million, $19 million) and Tongon $24 million, $20 million, $5 million (2019: $18 million, $21 million, $(3) million). 3 Includes provisional pricing adjustments for the three months ended June 30, 2020 of $31 million gains (2019: $8 million losses) and for the six months ended June 30, 2020 of $7 million gains (2019: $14 million gains). Reconciliation of Segment Income to Income Before Income Taxes For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Segment income $1,085 $485 $1,999 $1,053 Other cost of sales/amortization (13) (9) (22) (18) Exploration, evaluation and project expenses not attributable to segments (55) (83) (110) (144) General and administrative expenses (71) (59) (111) (113) Other income (expense) not attributable to segments (31) 7 23 (2) Impairment reversals (charges) (23) (12) 313 (15) Gain (loss) on currency translation (2) 6 (18) (16) Closed mine rehabilitation (7) (16) (97) (41) Income from equity investees 61 50 115 78 Finance costs, net (includes non-segment accretion) (76) (105) (168) (212) Gain on non-hedge derivatives 12 — 5 1 Income before income taxes 1 $880 $264 $1,929 $571 1 Includes non-controlling interest portion of revenues, cost of sales and non-segment income for the three months ended June 30, 2020 for Acacia, $nil, $nil, $nil (2019: $nil, $nil,$(3) million) and Nevada Gold Mines, $nil, $2 million, $(9) million (2019: $nil, $nil, $nil) and for the six months ended June 30, 2020 for Acacia, $nil, $nil, $nil (2019: $nil, $nil, $(6) million) and Nevada Gold Mines, $nil, $2 million, $(9) million (2019: $nil $nil, $nil). Capital Expenditures Information Segment capital expenditures 1 For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Carlin $103 $64 $196 $119 Cortez 91 88 178 165 Turquoise Ridge 23 21 53 47 Pueblo Viejo 32 26 60 58 Loulo-Gounkoto 70 39 109 89 Kibali 16 10 31 20 Veladero 16 19 42 48 Porgera 3 20 11 29 North Mara 21 15 36 28 Other Mines 94 82 155 197 Reportable segment total $469 $384 $871 $800 Other items not allocated to segments 57 19 91 51 Total $526 $403 $962 $851 Share of equity investees (16) (10) (31) (20) Total $510 $393 $931 $831

Revenue (Tables)

Revenue (Tables)	6 Months Ended
	Jun. 30, 2020
Revenue [abstract]
Revenue	For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Gold sales Spot market sales $2,617 $1,928 $5,172 $3,822 Concentrate sales 191 8 229 20 Provisional pricing adjustments 4 1 4 1 $2,812 $1,937 $5,405 $3,843 Copper sales Copper concentrate sales $157 $112 $280 $253 Provisional pricing adjustments 27 (9) 3 13 $184 $103 $283 $266 Other sales 1 59 23 88 47 Total $3,055 $2,063 $5,776 $4,156 1 Revenues include the sale of by-products for our gold and copper mines including silver revenue of $19 million for the three months ended June 30, 2020 (2019: $23 million) and $30 million for the six months ended June 30, 2020 (2019: $47 million).

COST OF SALES (Tables)

COST OF SALES (Tables)	6 Months Ended
	Jun. 30, 2020
Analysis of income and expense [abstract]
Cost of sales	Gold Copper Other 3 Total For the three months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Direct mining cost 1,2 $1,121 $921 $79 $63 $2 $— $1,202 $984 Depreciation 498 431 63 28 5 7 566 466 Royalty expense 116 78 11 9 — — 127 87 Community relations 5 7 — 1 — — 5 8 $1,740 $1,437 $153 $101 $7 $7 $1,900 $1,545 Gold Copper Other 3 Total For the six months ended June 30 2020 2019 2020 2019 2020 2019 2020 2019 Direct mining cost 1,2 $2,201 $1,815 $148 $139 $4 $— $2,353 $1,954 Depreciation 972 815 106 70 12 16 1,090 901 Royalty expense 200 144 22 21 — — 222 165 Community relations 10 13 1 2 — — 11 15 $3,383 $2,787 $277 $232 $16 $16 $3,676 $3,035 1 Direct mining cost includes charges to reduce the cost of inventory to net realizable value as follows: $1 million for the three months ended June 30, 2020 (2019: $12 million) and $18 million for the six months ended June 30, 2020 (2019: $16 million). 2 Direct mining cost includes the costs of extracting by-products. 3 Other includes realized hedge gains and losses and corporate amortization.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2020
Earnings per share [abstract]
Earnings per share	For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Basic Diluted Basic Diluted Basic Diluted Basic Diluted Net income $622 $622 $223 $223 $1,285 $1,285 $363 $363 Net income attributable to non-controlling interests (265) (265) (29) (29) (528) (528) (58) (58) Net income attributable to equity holders of Barrick Gold Corporation $357 $357 $194 $194 $757 $757 $305 $305 Weighted average shares outstanding 1,778 1,778 1,752 1,752 1,778 1,778 1,749 1,749 Basic and diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation $0.20 $0.20 $0.11 $0.11 $0.43 $0.43 $0.17 $0.17

OTHER EXPENSE (INCOME) (Tables)

OTHER EXPENSE (INCOME) (Tables)	6 Months Ended
	Jun. 30, 2020
Other Operating Income (Expense) [Abstract]
Operating expense (income)	A) Other Expense (Income) For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Other expense: Bank charges $5 $3 $9 $8 Bulyanhulu reduced operations program cost 1 7 6 14 12 Litigation 6 9 9 19 Miscellaneous write-offs — — 1 2 Covid-19 donations 18 — 18 — Porgera care and maintenance costs 27 — 27 — Acacia - other — 4 — 5 Other 20 — 29 8 Total other expense $83 $22 $107 $54 Other income: Loss (gain) on sale of long-lived assets $8 ($12) ($52) ($12) Gain on non-hedge derivatives (12) — (5) (1) Other (6) (3) (12) (8) Total other income ($10) ($15) ($69) ($21) Total $73 $7 $38 $33 1 Primarily relates to care and maintenance costs.
Impairment (Reversals) Charges	B) Impairment (Reversals) Charges For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Impairment (reversals) of non-current assets 1 $11 $12 ($325) $15 Impairment of intangibles 12 — 12 — Total $23 $12 ($313) $15

INCOME TAX EXPENSE INCOME TAX E

INCOME TAX EXPENSE INCOME TAX EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2020
Income Tax [Abstract]
Schedule of components of income tax expense (recovery)	For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Current $222 $103 $474 $233 Deferred 36 (62) 170 (25) $258 $41 $644 $208

CASH FLOW _ OTHER ITEMS CASH FL

CASH FLOW – OTHER ITEMS CASH FLOW - OTHER ITEMS (Tables)	6 Months Ended
	Jun. 30, 2020
Cash Flow Statement [Abstract]
Cash flow - other items	Operating Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Adjustments for non-cash income statement items: Gain on non-hedge derivatives ($12) $— ($5) ($1) Share-based compensation expense 33 26 50 38 Income from investment in equity investees (61) (50) (115) (78) Change in estimate of rehabilitation costs at closed mines 7 16 97 41 Net inventory impairment charges 1 12 18 16 Change in other assets and liabilities 21 50 17 28 Settlement of rehabilitation obligations (24) (16) (44) (30) Other operating activities ($35) $38 $18 $14 Cash flow arising from changes in: Accounts receivable ($40) ($44) ($48) ($33) Inventory 59 22 (25) 12 Other current assets (33) (9) (139) (94) Accounts payable 6 (37) (73) (160) Other current liabilities (1) (14) (56) (55) Change in working capital ($9) ($82) ($341) ($330) Investing Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2020 2019 2020 2019 Dividends received from equity method investments $29 $17 $54 $32 Shareholder loan repayments from equity method investments 1 — 1 30 Other net investing activities $30 $17 $55 $62

EQUITY ACCOUNTING METHOD INVE_2

EQUITY ACCOUNTING METHOD INVESTMENT CONTINUITY (Tables)	6 Months Ended
	Jun. 30, 2020
Interests In Other Entities [Abstract]
Investments	Kibali Jabal Sayid Zaldívar Other Total At January 1, 2019 $— $245 $989 $— $1,234 Acquisitions 3,195 — — 58 3,253 Equity pick-up from equity investees 98 51 16 — 165 Funds invested — — — 2 2 Dividends received (75) — (50) — (125) Shareholder loan repayment — — — (2) (2) At December 31, 2019 $3,218 $296 $955 $58 $4,527 Equity pick-up from equity investees 87 28 — — 115 Shareholder loan repayment — — — (1) (1) Dividends received (54) — — — (54) At June 30, 2020 $3,251 $324 $955 $57 $4,587

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2020
Fair Value Measurements [Abstract]
Disclosure of fair value measurement of liabilities [text block]	A) Assets and Liabilities Measured at Fair Value on a Recurring Basis As at June 30, 2020 Quoted prices in active markets for identical assets Significant other observable inputs Significant unobservable inputs Aggregate fair value (Level 1) (Level 2) (Level 3) Cash and equivalents $3,743 $— $— $3,743 Other investments 250 — — 250 Derivatives — 35 — 35 Receivables from provisional copper and gold sales — 153 — 153 $3,993 $188 $— $4,181 B) Fair Values of Financial Assets and Liabilities As at June 30, 2020 As at December 31, 2019 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $639 $639 $612 $612 Other investments 2 250 250 258 258 Derivative assets 3 37 37 1 1 $926 $926 $871 $871 Financial liabilities Debt 4 $5,168 $6,960 $5,536 $6,854 Derivative liabilities 2 2 — — Other liabilities 352 352 209 209 $5,522 $7,314 $5,745 $7,063 1 Includes restricted cash and amounts due from our partners. 2 Recorded at fair value. Quoted market prices are used to determine fair value. 3 Primarily consists of contingent consideration received as part of the sale of Massawa 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.

SIGNIFICANT JUDGMENTS, ESTIMA_2

SIGNIFICANT JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Mar. 31, 2020	Dec. 31, 2019	Mar. 31, 2019	Dec. 31, 2018
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Cash and cash equivalents	$ 3,743	$ 2,153	$ 3,743	$ 2,153	$ 3,327	$ 3,314	$ 2,153	$ 1,571
Line of Credit Facility, Maximum Borrowing Capacity1	3,000		3,000
Pascua-Lama | Argentina
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Value added tax receivables	63		63			72
Pascua-Lama | Chile
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Amounts received from VAT refunds	394		394			$ 424
Revenue, performance obligation	3,538		3,538
Provision for decommissioning, restoration and rehabilitation costs [member]
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Increase (decrease) in other provisions	$ 0	$ 69	$ 136	$ 271

ACQUISITIONS AND DIVESTITURES A

ACQUISITIONS AND DIVESTITURES ACQUISITION AND DIVESTITURES (Details) - Massawa [Member] - USD ($) $ in Thousands	Mar. 04, 2020	Mar. 31, 2020
Disclosure of detailed information about business combination [line items]
Proportion of Ownership Interest Sold	90.00%
Consideration paid (received)	$ 440,000
Proportion of consideration	92.50%
Loan issued for part financing	$ 25,000
Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation		$ 54,000
Contingent Payment [Member]
Disclosure of detailed information about business combination [line items]
Portion of consideration paid (received) consisting of cash and cash equivalents	46,250
Contingent Payment [Member] | At fair value [member]
Disclosure of detailed information about business combination [line items]
Portion of consideration paid (received) consisting of cash and cash equivalents	28,000
Cash and equivalents
Disclosure of detailed information about business combination [line items]
Portion of consideration paid (received) consisting of cash and cash equivalents	$ 256,000
Teranga Gold Corporation [Member]
Disclosure of detailed information about business combination [line items]
Number of shares in entity held by entity or by its subsidiaries or associates	19,164,403
Fair value of shares	$ 104,000
Debt instruments issued	$ 225,000

SEGMENT INFORMATION SEGMENT INF

SEGMENT INFORMATION SEGMENT INFORMATION (Narrative) (Details)	Jun. 30, 2019investmentminesite
Operating segments [member]
Disclosure of operating segments [line items]
Number of Minesite Locations	9
Consolidated total [Member]
Disclosure of operating segments [line items]
Number of Minesite Locations	18
Number of Investments | investment	1

SEGMENT INFORMATION - Consolida

SEGMENT INFORMATION - Consolidated Statements of Income Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disclosure of operating segments [line items]
Revenue	$ 3,055	$ 2,063	$ 5,776	$ 4,156
Depreciation	566	466	1,090	901
Exploration, evaluation and project expenses	78	98	149	172
Other expenses (income)	73	7	38	33
Profit (loss) before tax	880	264	1,929	571
Share of income (loss)	265	29	528	58
Change in net income	9
Adjustments for gains (losses) on change in fair value of derivatives	31	(8)	7	14
Pueblo Viejo
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	134	122	292	250
Cost of sales, attributable to non-controlling interests	70	74	144	139
Share of income (loss)	65	47	147	108
Loulo Gounkoto [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	68	49	117	91
Cost of sales, attributable to non-controlling interests	40	39	71	73
Share of income (loss)	27	9	44	16
Tanzanian Mines
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	52	68	83	118
Cost of sales, attributable to non-controlling interests	32	48	54	90
Share of income (loss)	18	15	26	19
Tongon [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	13		24	18
Cost of sales, attributable to non-controlling interests	11	10	20	21
Share of income (loss)	4	(1)	5	(3)
Nevada Gold Mines [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	577		1,113
Cost of sales, attributable to non-controlling interests	342		672
Share of income (loss)	224		424
Consolidated total [Member]
Disclosure of operating segments [line items]
Revenue	3,055	2,063	5,776	4,156
Cost of Sales, Excluding Depreciation Expense	1,331	1,078	2,584	2,134
Depreciation	556	458	1,070	883
Exploration, evaluation and project expenses	23	15	39	28
Other expenses (income)	60	27	84	58
Profit (loss) before tax	1,085	485	1,999	1,053
Operating segments
Disclosure of operating segments [line items]
Revenue	3,219	2,188	6,080	4,398
Cost of Sales, Excluding Depreciation Expense	1,390	1,129	2,695	2,237
Depreciation	598	489	1,153	970
Exploration, evaluation and project expenses	24	15	41	28
Other expenses (income)	58	27	80	57
Profit (loss) before tax	1,149	528	2,111	1,106
Accretion	6	13	18	26
Operating segments | Carlin [Member]
Disclosure of operating segments [line items]
Revenue	654	235	1,316	546
Cost of Sales, Excluding Depreciation Expense	325	150	649	310
Depreciation	70	53	150	119
Exploration, evaluation and project expenses	7	2	10	4
Other expenses (income)	6	(3)	12	(3)
Profit (loss) before tax	246	33	495	116
Operating segments | Cortez1 [Member]
Disclosure of operating segments [line items]
Revenue	368	368	698	707
Cost of Sales, Excluding Depreciation Expense	131	137	259	250
Depreciation	56	65	110	129
Exploration, evaluation and project expenses	3	2	5	4
Other expenses (income)	0	6	2	11
Profit (loss) before tax	178	158	322	313
Operating segments | Turquoise Ridge
Disclosure of operating segments [line items]
Revenue	218	110	444	210
Cost of Sales, Excluding Depreciation Expense	96	48	192	87
Depreciation	40	9	91	15
Exploration, evaluation and project expenses	4	1	5	1
Other expenses (income)	0	(1)	2	0
Profit (loss) before tax	78	53	154	107
Operating segments | Pueblo Viejo
Disclosure of operating segments [line items]
Revenue	335	314	709	640
Cost of Sales, Excluding Depreciation Expense	124	141	256	258
Depreciation	54	47	107	93
Exploration, evaluation and project expenses	2	3	5	6
Other expenses (income)	(2)	1	0	2
Profit (loss) before tax	157	122	341	281
Operating segments | Loulo Gounkoto [Member]
Disclosure of operating segments [line items]
Revenue	340	243	583	453
Cost of Sales, Excluding Depreciation Expense	126	110	220	220
Depreciation	74	87	133	146
Exploration, evaluation and project expenses	4	2	6	4
Other expenses (income)	2	3	5	6
Profit (loss) before tax	134	41	219	77
Operating segments | Kibali [Member]
Disclosure of operating segments [line items]
Revenue	164	125	304	242
Cost of Sales, Excluding Depreciation Expense	59	51	111	103
Depreciation	42	31	83	87
Exploration, evaluation and project expenses	1	0	2	0
Other expenses (income)	(2)	0	(4)	(1)
Profit (loss) before tax	64	43	112	53
Operating segments | Veladero
Disclosure of operating segments [line items]
Revenue	62	100	152	191
Cost of Sales, Excluding Depreciation Expense	30	57	75	108
Depreciation	13	31	35	61
Exploration, evaluation and project expenses	0	1	0	1
Other expenses (income)	3	(1)	2	(1)
Profit (loss) before tax	16	12	40	22
Operating segments | Porgera
Disclosure of operating segments [line items]
Revenue	39	83	140	169
Cost of Sales, Excluding Depreciation Expense	20	57	80	114
Depreciation	6	8	16	19
Exploration, evaluation and project expenses	0	1	1	1
Other expenses (income)	26	1	27	1
Profit (loss) before tax	(13)	16	16	34
Operating segments | North Mara1 [Member]
Disclosure of operating segments [line items]
Revenue	139	135	271	223
Cost of Sales, Excluding Depreciation Expense	59	56	113	108
Depreciation	25	25	50	45
Exploration, evaluation and project expenses	0	0	0	0
Other expenses (income)	2	5	(3)	7
Profit (loss) before tax	53	49	111	63
Operating segments | Other
Disclosure of operating segments [line items]
Revenue	900	475	1,463	1,017
Cost of Sales, Excluding Depreciation Expense	420	322	740	679
Depreciation	218	133	378	256
Exploration, evaluation and project expenses	3	3	7	7
Other expenses (income)	23	16	37	35
Profit (loss) before tax	236	1	301	40
Investments accounted for using equity method [member] | Kibali [Member]
Disclosure of operating segments [line items]
Revenue	(164)	(125)	(304)	(242)
Cost of Sales, Excluding Depreciation Expense	(59)	(51)	(111)	(103)
Depreciation	(42)	(31)	(83)	(87)
Exploration, evaluation and project expenses	(1)	0	(2)	0
Other expenses (income)	2	0	4	1
Profit (loss) before tax	$ (64)	$ (43)	$ (112)	$ (53)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Segment Income to Loss from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disclosure of operating segments [line items]
Profit (loss) before tax	$ 880	$ 264	$ 1,929	$ 571
Other cost of sales/amortization	(1,900)	(1,545)	(3,676)	(3,035)
Exploration, evaluation and project expenses not attributable to segments	(78)	(98)	(149)	(172)
General and administrative expenses	(71)	(59)	(111)	(113)
Other income (expense) not attributable to segments	(73)	(7)	(38)	(33)
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	23	12	(313)	15
Gain (loss) on currency translation	(2)	6	(18)	(16)
Closed mine rehabilitation	(7)	(16)	(97)	(41)
Income from equity investees	61	50	115	78
Finance costs, net (includes non-segment accretion)	(82)	(118)	(186)	(238)
Gain on non-hedge derivatives	12	0	5	1
Income before income taxes	880	264	1,929	571
Profit (loss), attributable to non-controlling interests	265	29	528	58
Nevada Gold Mines [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	577		1,113
Cost of sales, attributable to non-controlling interests	342		672
Profit (loss), attributable to non-controlling interests	224		424
Tanzanian Mines
Disclosure of operating segments [line items]
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9			(332)
Revenue, attributable to non-controlling interests	52	68	83	118
Cost of sales, attributable to non-controlling interests	32	48	54	90
Profit (loss), attributable to non-controlling interests	18	15	26	19
Consolidated total [Member]
Disclosure of operating segments [line items]
Profit (loss) before tax	1,085	485	1,999	1,053
Exploration, evaluation and project expenses not attributable to segments	(23)	(15)	(39)	(28)
Other income (expense) not attributable to segments	(60)	(27)	(84)	(58)
Income before income taxes	1,085	485	1,999	1,053
Reconciling items
Disclosure of operating segments [line items]
Other cost of sales/amortization	(13)	(9)	(22)	(18)
Exploration, evaluation and project expenses not attributable to segments	(55)	(83)	(110)	(144)
General and administrative expenses	(71)	(59)	(111)	(113)
Other income (expense) not attributable to segments	(31)	7	23	(2)
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	23	12	(313)	15
Gain (loss) on currency translation	(2)	6	(18)	(16)
Closed mine rehabilitation	(7)	(16)	(97)	(41)
Income from equity investees	61	50	115	78
Finance costs, net (includes non-segment accretion)	(76)	(105)	(168)	(212)
Gain on non-hedge derivatives	12	0	5	1
Reconciling items | Nevada Gold Mines [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	0	0	0	0
Cost of sales, attributable to non-controlling interests	2	0	2	0
Profit (loss), attributable to non-controlling interests	(9)	0	(9)	0
Reconciling items | Tanzanian Mines
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	0	0	0	0
Cost of sales, attributable to non-controlling interests	0	0	0	0
Profit (loss), attributable to non-controlling interests	$ 0	$ (3)	$ 0	$ (6)

SEGMENT INFORMATION - Capital E

SEGMENT INFORMATION - Capital Expenditures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disclosure of operating segments [line items]
Capital expenditures	$ 526	$ 403	$ 962	$ 851
Capital commitments	206		206		$ 383
Cash expenditures	509	379	960	753
Increase/decrease in accrued capital expenditures	1	14	29	78
Purchase Obligations for Supplies and Consumables	1,484		1,484		$ 1,681
Other
Disclosure of operating segments [line items]
Capital expenditures	510	393	931	831
Operating segments
Disclosure of operating segments [line items]
Capital expenditures	469	384	871	800
Operating segments | Carlin [Member]
Disclosure of operating segments [line items]
Capital expenditures	103	64	196	119
Operating segments | Cortez1 [Member]
Disclosure of operating segments [line items]
Capital expenditures	91	88	178	165
Operating segments | Turquoise Ridge
Disclosure of operating segments [line items]
Capital expenditures	23	21	53	47
Operating segments | Pueblo Viejo
Disclosure of operating segments [line items]
Capital expenditures	32	26	60	58
Operating segments | Loulo Gounkoto [Member]
Disclosure of operating segments [line items]
Capital expenditures	70	39	109	89
Operating segments | Kibali [Member]
Disclosure of operating segments [line items]
Capital expenditures	16	10	31	20
Operating segments | Veladero
Disclosure of operating segments [line items]
Capital expenditures	16	19	42	48
Operating segments | Porgera
Disclosure of operating segments [line items]
Capital expenditures	3	20	11	29
Operating segments | North Mara1 [Member]
Disclosure of operating segments [line items]
Capital expenditures	21	15	36	28
Operating segments | Other
Disclosure of operating segments [line items]
Capital expenditures	94	82	155	197
Other items not allocated to segments
Disclosure of operating segments [line items]
Capital expenditures	57	19	91	51
Material reconciling items [member] | Other
Disclosure of operating segments [line items]
Capital expenditures	$ (16)	$ (10)	$ (31)	$ (20)

REVENUE - Revenue by Type (Deta

REVENUE - Revenue by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	$ 3,055	$ 2,063	$ 5,776	$ 4,156
Provisional pricing adjustments	31	(8)	7	14
Gold
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	2,812	1,937	5,405	3,843
Spot market sales
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	2,617	1,928	5,172	3,822
Concentrate sales
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	191	8	229	20
Gold provisional pricing adjustments [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Provisional pricing adjustments	4	1	4	1
Copper
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	184	103	283	266
Copper concentrate [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	157	112	280	253
Copper provisional pricing adjustments [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Provisional pricing adjustments	27	(9)	3	13
Silver [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	19	23	30	47
Other
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	$ 59	$ 23	$ 88	$ 47

COST OF SALES (Details)

COST OF SALES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disclosure of Detailed Information About Cost of Sales [Line Items]
Direct mining cost	$ 1,202	$ 984	$ 2,353	$ 1,954
Depreciation expense	566	466	1,090	901
Royalty expense	127	87	222	165
Community relations	5	8	11	15
Cost of sales	1,900	1,545	3,676	3,035
Inventory reduction amount	1	12	18	16
Gold
Disclosure of Detailed Information About Cost of Sales [Line Items]
Direct mining cost	1,121	921	2,201	1,815
Depreciation expense	498	431	972	815
Royalty expense	116	78	200	144
Community relations	5	7	10	13
Cost of sales	1,740	1,437	3,383	2,787
Copper
Disclosure of Detailed Information About Cost of Sales [Line Items]
Direct mining cost	79	63	148	139
Depreciation expense	63	28	106	70
Royalty expense	11	9	22	21
Community relations	0	1	1	2
Cost of sales	153	101	277	232
Other
Disclosure of Detailed Information About Cost of Sales [Line Items]
Direct mining cost	2	0	4	0
Depreciation expense	5	7	12	16
Royalty expense	0	0	0	0
Community relations	0	0	0	0
Cost of sales	$ 7	$ 7	$ 16	$ 16

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Earnings per share [abstract]
Net income	$ 622	$ 223	$ 1,285	$ 363
Net income attributable to non-controlling interests	(265)	(29)	(528)	(58)
Net income attributable to equity holders of Barrick Gold Corporation - Basic	357	194	757	305
Net income attributable to equity holders of Barrick Gold Corporation - Diluted	$ 357	$ 194	$ 757	$ 305
Weighted average shares outstanding - Basic (in shares)	1,778	1,752	1,778	1,749
Weighted average shares outstanding - Diluted (in shares)	1,778	1,752	1,778	1,749
Basic earnings per share data attributable to the equity holders of Barrick Gold Corporation (in USD per share)	$ 0.20	$ 0.11	$ 0.43	$ 0.17
Diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation (in USD per share)	$ 0.20	$ 0.11	$ 0.43	$ 0.17

OTHER EXPENSE (INCOME) - Other

OTHER EXPENSE (INCOME) - Other Expense (Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Other Operating Expenses [Abstract]
Bank charges	$ 5	$ 3	$ 9	$ 8
Bulyanhulu reduced operations program costs	7	6	14	12
Litigation	6	9	9	19
Miscellaneous write-offs	0	0	1	2
Donations and subsidies expense	18	0	18	0
Porgera care and maintenance costs	27	0	27	0
Acacia - other	0	4	0	5
Other expenses, by nature	20	0	29	8
Other Operating Expenses	83	22	107	54
Other Income:
Gains (losses) on disposals of non-current assets	8	(12)	(52)	(12)
Gains on change in fair value of derivatives	12	0	5	1
Other	(6)	(3)	(12)	(8)
Total other income	(10)	(15)	(69)	(21)
Total	$ 73	$ 7	$ 38	$ 33

OTHER EXPENSE (INCOME) OTHER EX

OTHER EXPENSE (INCOME) OTHER EXPENSE (INCOME) - Impairment reversal (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	$ 23	$ 12	$ (313)	$ 15
Non-current assets or disposal groups classified as held for sale [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	11	12	(325)	15
Intangible assets other than goodwill [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment loss (impairment gain and reversal of impairment loss) determined in accordance with IFRS 9	$ 12	$ 0	$ 12	$ 0

Schedule of Components of Incom

Schedule of Components of Income Tax Expense (Recovery) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Deferred tax
Deferred tax expense (income)	$ 36	$ (62)	$ 170	$ (25)
Income tax expense	$ 258	$ 41	$ 644	$ 208

INCOME TAX EXPENSE Narrative (D

INCOME TAX EXPENSE Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended		12 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Current tax expense (income)	$ 222		$ 103	$ 474	$ 233
Deferred tax expense (income)	36		(62)	170	(25)
Income tax expense (recovery)	258		$ 41	$ 644	$ 208
Average effective tax rate				33.00%
Adjusted effective tax rate				29.00%
Tanzanian Mines
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Proportion of ownership interests held by non-controlling interests		16.00%		16.00%
Nevada Gold Mines [Member]
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Proportion of ownership interests held by non-controlling interests				61.50%
Argentina
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Deferred tax expense (income)				$ 35
Applicable tax rate				30.00%		30.00%	30.00%	35.00%
Tax on dividend distributions				13.00%		7.00%	7.00%
Proposed corporate tax rate				25.00%
Argentina | MALI
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Net currency translation losses on deferred tax balances				$ 1
TANZANIA, UNITED REPUBLIC OF
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Current tax expense (income)		$ 21
Deferred tax expense (income)	$ 8	$ 44

CASH FLOW _ OTHER ITEMS CASH _2

CASH FLOW – OTHER ITEMS CASH FLOW - OTHER ITEMS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Cash flow arising from changes in:
Gain on non-hedge derivatives	$ (12)	$ 0	$ (5)	$ (1)
Share-based compensation expense	33	26	50	38
Income from investment in equity investees	(61)	(50)	(115)	(78)
Change in estimate of rehabilitation costs at closed mines	7	16	97	41
Net inventory impairment charges	1	12	18	16
Change in other assets and liabilities	21	50	17	28
Settlement of rehabilitation obligations	(24)	(16)	(44)	(30)
Other operating activities	(35)	38	18	14
Cash flow arising from changes in:
Accounts receivable	(40)	(44)	(48)	(33)
Inventory	59	22	(25)	12
Other current assets	(33)	(9)	(139)	(94)
Accounts payable	6	(37)	(73)	(160)
Other current liabilities	(1)	(14)	(56)	(55)
Change in working capital	(9)	(82)	(341)	(330)
INVESTING ACTIVITIES
Dividends received from investments accounted for using equity method, classified as investing activities	29	17	54	32
Cash repayments of advances and loans from related parties	1	0	1	30
Other inflows (outflows) of cash, classified as investing activities	$ 30	$ 17	$ 55	$ 62

EQUITY ACCOUNTING METHOD INVE_3

EQUITY ACCOUNTING METHOD INVESTMENT CONTINUITY (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019	Dec. 31, 2019
Disclosure of joint ventures [line items]
Investments, beginning balance			$ 4,527
Equity pick-up (loss) from equity investees	$ (61)	$ (50)	(115)	$ (78)
Cash repayments of advances and loans from related parties	(1)	$ 0	(1)	(30)
Investments, ending balance	4,587		4,587		$ 4,527
Joint ventures [member]
Disclosure of joint ventures [line items]
Investments, beginning balance			4,527	1,234	1,234
Acquisitions					3,253
Equity pick-up (loss) from equity investees			115		165
Net funds (invested) received from equity method investments					2
Cash repayments of advances and loans from related parties			(1)		(2)
Dividends received			54		125
Investments, ending balance	4,587		4,587		4,527
Kibali [Member]
Disclosure of joint ventures [line items]
Investments, beginning balance			3,218	0	0
Acquisitions					3,195
Equity pick-up (loss) from equity investees			87		98
Net funds (invested) received from equity method investments					0
Cash repayments of advances and loans from related parties			0		0
Dividends received			54		75
Investments, ending balance	3,251		3,251		3,218
Jabal Sayid
Disclosure of joint ventures [line items]
Investments, beginning balance			296	245	245
Acquisitions					0
Equity pick-up (loss) from equity investees			28		51
Net funds (invested) received from equity method investments					0
Cash repayments of advances and loans from related parties			0		0
Dividends received			0		0
Investments, ending balance	324		324		296
Zaldívar
Disclosure of joint ventures [line items]
Investments, beginning balance			955	989	989
Acquisitions					0
Equity pick-up (loss) from equity investees			0		16
Net funds (invested) received from equity method investments					0
Cash repayments of advances and loans from related parties			0		0
Dividends received			0		50
Investments, ending balance	955		955		955
Other
Disclosure of joint ventures [line items]
Investments, beginning balance			58	$ 0	0
Acquisitions					58
Equity pick-up (loss) from equity investees			0		0
Net funds (invested) received from equity method investments					2
Cash repayments of advances and loans from related parties			(1)		(2)
Dividends received			0		0
Investments, ending balance	$ 57		$ 57		$ 58

IMPAIRMENT OF GOODWILL AND OT_2

IMPAIRMENT OF GOODWILL AND OTHER ASSETS Narrative (Details) - USD ($) $ in Millions	3 Months Ended			6 Months Ended
	Jun. 30, 2020	Mar. 31, 2020	Jun. 30, 2019	Jun. 30, 2020	Jun. 30, 2019
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals	$ (23)		$ (12)	$ 313	$ (15)
Tanzanian Mines
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Loss (gain) on assignment of shareholder loans		$ 167
Proportion of ownership interests held by non-controlling interests		16.00%		16.00%
Impairment reversals				$ 332
Tanzanian Mines | Non-controlling interests
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity				238
Porgera
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Recoverable amount of asset or cash-generating unit	$ 254			$ 254
Proportion of ownership interest in joint venture	47.50%
Individual assets or cash-generating units [member] | North Mara1 [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Recoverable amount of asset or cash-generating unit		$ 967
Impairment reversals		(88)
Individual assets or cash-generating units [member] | Bulyanhulu [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Recoverable amount of asset or cash-generating unit		1,237
Impairment reversals		$ (649)

IMPAIRMENT OF GOODWILL AND OT_3

IMPAIRMENT OF GOODWILL AND OTHER ASSETS - Assumptions (Details) - Tanzanian Mines	3 Months Ended
	Mar. 31, 2020USD ($)
Minimum [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Net assets value multiple	$ 1.1
Weighted average cost of capital, significant unobservable inputs, assets	5.40%
Maximum [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Net assets value multiple	$ 1.3
Weighted average cost of capital, significant unobservable inputs, assets	6.20%
Short-term [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Estimated Mineral Price For Measurement Of Fair Value Less Costs Of Disposal	1,350
Long-term [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [line items]
Estimated Mineral Price For Measurement Of Fair Value Less Costs Of Disposal	1,300

FINANCIAL INSTRUMENTS -Narrativ

FINANCIAL INSTRUMENTS -Narrative (Details) $ in Millions	Jan. 31, 2020USD ($)	Jan. 31, 2020USD ($)
Three Point Eight Five Percent BGC Notes Due 2022 [Member]
Disclosure of financial assets [line items]
Repayments of non-current borrowings	$ 337
Borrowings, interest rate (as percent)	3.85%	3.85%
Gain (loss) arising from difference between carrying amount of financial liability extinguished and consideration paid	$ 15
Acacia Credit Facility [Member]
Disclosure of financial assets [line items]
Repayments of non-current borrowings		$ 14

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	$ 45,180	$ 44,392
Liabilities	(14,434)	$ (14,565)
Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets (liabilities)	4,181
Recurring fair value measurement | Cash and equivalents
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	3,743
Recurring fair value measurement | Other investments
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	250
Recurring fair value measurement | Derivatives
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Liabilities	(35)
Recurring fair value measurement | Receivables from provisional copper and gold sales
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	153
Level 1 of fair value hierarchy [member] | Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets (liabilities)	3,993
Level 1 of fair value hierarchy [member] | Recurring fair value measurement | Cash and equivalents
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	3,743
Level 1 of fair value hierarchy [member] | Recurring fair value measurement | Other investments
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	250
Level 1 of fair value hierarchy [member] | Recurring fair value measurement | Derivatives
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Liabilities	0
Level 1 of fair value hierarchy [member] | Recurring fair value measurement | Receivables from provisional copper and gold sales
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	0
Significant other observable inputs (Level 2) | Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets (liabilities)	188
Significant other observable inputs (Level 2) | Recurring fair value measurement | Cash and equivalents
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	0
Significant other observable inputs (Level 2) | Recurring fair value measurement | Other investments
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	0
Significant other observable inputs (Level 2) | Recurring fair value measurement | Derivatives
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Liabilities	(35)
Significant other observable inputs (Level 2) | Recurring fair value measurement | Receivables from provisional copper and gold sales
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	153
Significant Unobservable Inputs (Level 3) | Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets (liabilities)	0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurement | Cash and equivalents
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurement | Other investments
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurement | Derivatives
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Liabilities	0
Significant Unobservable Inputs (Level 3) | Recurring fair value measurement | Receivables from provisional copper and gold sales
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	$ 0

FAIR VALUE MEASUREMENTS FAIR _2

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENT (TABLE 3) (Details) - USD ($) $ in Millions	Jun. 30, 2020	Dec. 31, 2019
Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	$ 926	$ 871
Financial liabilities	5,522	5,745
Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial assets	926	871
Financial liabilities	7,314	7,063
Borrowings1 [Member] | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial liabilities	5,168	5,536
Borrowings1 [Member] | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial liabilities	6,960	6,854
Derivatives | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial liabilities	2	0
Derivatives | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial liabilities	2	0
Other liabilities | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial liabilities	352	209
Other liabilities | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial liabilities	352	209
Other assets | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	639	612
Other assets | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial assets	639	612
Other investments [Member] | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	250	258
Other investments [Member] | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial assets	250	258
Derivatives | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	37	1
Derivatives | Recurring fair value measurement
Disclosure of fair value measurement of assets [line items]
Financial assets	$ 37	$ 1

CAPITAL STOCK (Details)

CAPITAL STOCK (Details) - $ / shares	6 Months Ended
	Jun. 30, 2020	Jun. 30, 2019
Disclosure of classes of share capital [line items]
Par value per share (in dollars per share)	$ 0
Number of Shares Issued in Dividend Reinvestment Plan with Owners	101,460
Common shares
Disclosure of classes of share capital [line items]
Number of shares issued (shares)	1,778,068,071
Capital stock
Disclosure of classes of share capital [line items]
Number of Shares Issued in Dividend Reinvestment Plan with Owners	101,000	1,128,000

CONTINGENCIES (Details)

CONTINGENCIES (Details) - USD ($)	6 Months Ended
	Jun. 30, 2020	May 07, 2020	Apr. 01, 2020
Massawa [Member]
Disclosure of contingent liabilities [line items]
Proposed adjustments to tax liabilities		$ 211,000,000
Porgera
Disclosure of contingent liabilities [line items]
Proposed adjustments to tax liabilities			$ 191,000,000
Tanzanian Mines
Disclosure of contingent liabilities [line items]
Proportion of ownership interests held by non-controlling interests	16.00%
Tax contingent liability [member] | Massawa [Member] | Tax Dispute [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities	$ 0
Tax contingent liability [member] | Veladero | Tax Assessment and Criminal Charges [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities	0
Legal proceedings contingent liability [member] | Marcopper Mines [Member] | Writ of Kalikasan [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities	0
Legal proceedings contingent liability [member] | Pascua-Lama [Member] | Canadian Securities Class Actions [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities	$ 0