Barrick Gold (GOLD) 6-K 9 Aug 21 2021 Q2 Key Growth Projects Advanced Financial data

Document and Entity Information

Document and Entity Information	6 Months Ended
	Jun. 30, 2021
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	2021
Document Fiscal Period Focus	Q2
Document Type	6-K
Document Period End Date	Jun. 30, 2021
Amendment Flag	false

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Profit or loss [abstract]
Revenue	$ 2,893	$ 3,055	$ 5,849	$ 5,776
Costs and expenses (income)
Cost of sales (notes 5 and 7)	1,704	1,900	3,416	3,676
General and administrative expenses	47	71	85	111
Exploration, evaluation and project expenses	77	78	138	149
Impairment (reversals) charges (notes 9b and 13)	2	23	(87)	(313)
Loss on currency translation	7	2	11	18
Closed mine rehabilitation	6	7	29	97
Income from equity investees (note 12)	(104)	(61)	(207)	(115)
Other expense (note 9a)	26	73	45	38
Income before finance costs and income taxes	1,128	962	2,419	2,115
Finance costs, net	(91)	(82)	(178)	(186)
Income before income taxes	1,037	880	2,241	1,929
Income tax expense (note 10)	(343)	(258)	(717)	(644)
Net income	694	622	1,524	1,285
Attributable to:
Equity holders of Barrick Gold Corporation	411	357	949	757
Non-controlling interests (note 17)	$ 283	$ 265	$ 575	$ 528
Earnings per share data attributable to the equity holders of Barrick Gold Corporation (note 8)
Basic	$ 0.23	$ 0.20	$ 0.53	$ 0.43
Diluted	$ 0.23	$ 0.20	$ 0.53	$ 0.43

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of comprehensive income [abstract]
Net income	$ 694	$ 622	$ 1,524	$ 1,285
Items that may be reclassified subsequently to profit or loss:
Unrealized losses on derivatives designated as cash flow hedges, net of tax $nil, $nil, $nil and $nil	0	(2)	0	(1)
Realized losses on derivatives designated as cash flow hedges, net of tax $nil, $nil, $nil and $nil	3	0	3	0
Currency translation adjustments, net of tax $nil, $nil, $nil and $nil	0	(1)	0	(5)
Items that will not be reclassified to profit or loss:
Actuarial loss on post employment benefit obligations, net of tax $nil, $(3), $3 and $nil	0	(5)	0	(2)
Net change on equity investments, net of tax $(3), $nil, $5 and $nil	10	118	(37)	93
Total other comprehensive income (loss)	13	110	(34)	85
Total comprehensive income	707	732	1,490	1,370
Attributable to:
Equity holders of Barrick Gold Corporation	424	467	915	842
Non-controlling interests	$ 283	$ 265	$ 575	$ 528

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of comprehensive income [abstract]
Income tax relating to unrealized losses on derivatives designated as cash flow hedges	$ 0	$ 0	$ 0	$ 0
Income tax relating to realized losses on derivatives designated as cash flow hedges	0	0	0	0
Income tax relating to currency translation adjustments	0	0	0	0
Income tax relating to actuarial loss on post employment benefit obligations	0	(3)	3	0
Income tax relating to net change on equity investments	$ (3)	$ 0	$ 5	$ 0

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
OPERATING ACTIVITIES
Net income		$ 694	$ 622	$ 1,524	$ 1,285
Adjustments for the following items:
Depreciation		500	566	1,007	1,090
Finance costs, net		100	86	194	197
Impairment (reversals) charges (notes 9b and 13)		2	23	(87)	(313)
Income tax expense (note 10)		343	258	717	644
Income from investment in equity investees		(104)	(61)	(207)	(115)
Loss (gain) on sale of non-current assets		(7)	8	(10)	(52)
Loss on currency translation		7	2	11	18
Change in working capital (note 11)		(197)	(8)	(249)	(314)
Other operating activities (note 11)		(76)	25	(116)	106
Operating cash flows before interest and income taxes		1,262	1,521	2,784	2,546
Interest paid		(131)	(130)	(153)	(154)
Income taxes paid	[1]	(492)	(360)	(690)	(472)
Net cash provided by operating activities		639	1,031	1,941	1,920
Investing Cash Flows – Other Items
Capital expenditures (note 5)		(658)	(509)	(1,197)	(960)
Sales proceeds		1	9	5	16
Investment sales		0	206	0	206
Divestitures (note 4)		19	0	19	256
Dividends received from equity method investments		35	29	161	54
Shareholder loan repayments from equity method investments		0	1	1	1
Net cash used in investing activities		(603)	(264)	(1,011)	(427)
Financing Cash Flows – Other Items
Lease repayments		4	7	10	12
Debt repayments		0	0	(7)	(351)
Dividends		(159)	(124)	(317)	(246)
Return of capital (note 16)		250	0	250	0
Funding from non-controlling interests (note 17)		6	0	12	1
Disbursements to non-controlling interests (note 17)		(206)	(217)	(471)	(434)
Other financing activities (note 11)		43	0	64	(15)
Net cash used in financing activities		(570)	(348)	(979)	(1,057)
Effect of exchange rate changes on cash and equivalents		0	(3)	(1)	(7)
Net increase (decrease) in cash and equivalents		(534)	416	(50)	429
Cash and equivalents at the beginning of period		5,672	3,327	5,188	3,314
Cash and equivalents at the end of period		$ 5,138	$ 3,743	$ 5,138	$ 3,743
[1]	Income taxes paid excludes $57 million (2020: $45 million) for the three months ended June 30, 2021 and $93 million (2020: $69 million) for the six months ended June 30, 2021 of income taxes payable that were settled against offsetting VAT receivables.

Consolidated Statements of Ca_2

Consolidated Statements of Cash Flow (Parentheticals) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Statement of cash flows [abstract]
Income taxes payable settled against VAT receivables	$ 57	$ 45	$ 93	$ 69

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Current assets
Cash and equivalents (note 14a)	$ 5,138	$ 5,188
Accounts receivable	554	558
Inventories	1,825	1,878
Other current assets	522	519
Total current assets	8,039	8,143
Non-current assets
Equity in investees (note 12)	4,715	4,670
Property, plant and equipment	24,755	24,628
Goodwill	4,769	4,769
Intangible assets	158	169
Deferred income tax assets	61	98
Non-current portion of inventory	2,559	2,566
Other assets	1,472	1,463
Total assets	46,528	46,506
Current liabilities
Accounts payable	1,157	1,458
Debt	15	20
Current income tax liabilities	311	436
Other current liabilities	315	306
Total current liabilities	1,798	2,220
Non-current liabilities
Debt	5,137	5,135
Provisions	2,925	3,139
Deferred income tax liabilities	3,197	3,034
Other liabilities	1,297	1,268
Total liabilities	14,354	14,796
Equity
Capital stock (note 16)	28,995	29,236
Deficit	(7,320)	(7,949)
Accumulated other comprehensive loss	(20)	14
Other	2,034	2,040
Total equity attributable to Barrick Gold Corporation shareholders	23,689	23,341
Non-controlling interests (note 17)	8,485	8,369
Total equity	32,174	31,710
Contingencies and commitments (notes 5 and 18)
Total liabilities and equity	$ 46,528	$ 46,506

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Millions	Total	Capital stock	Retained earnings (deficit)	Accumulated other comprehensive income (loss)		Other		Total equity attributable to shareholders	Non-controlling interests
Beginning balance (shares) at Dec. 31, 2019		1,777,927
Beginning balance at Dec. 31, 2019	$ 29,827	$ 29,231	$ (9,722)	$ (122)	[1]	$ 2,045	[2]	$ 21,432	$ 8,395
Net income	1,285		757					757	528
Total other comprehensive income	85		0	85	[1]	0		85	0
Total comprehensive income	1,370		757	85	[1]	0		842	528
Transactions with owners
Dividends	(246)	$ 0	(246)	0		0		(246)
Issuance of 16% interest in Tanzania mines	238								238
Number of shares issued on exercise of stock options		40
Funding from non-controlling interests	1								1
Disbursements to non-controlling interests	(448)								(448)
Number of shares issued in dividend reinvestment plan with owners		101
Dividend reinvestment plan (note 16)		$ 3	(3)
Share-based payments	4					4	[2]	4
Total transactions with owners (shares)		141
Total transactions with owners	(451)	$ 3	(249)			4	[2]	(242)	(209)
Ending balance (shares) at Jun. 30, 2020		1,778,068
Ending balance at Jun. 30, 2020	30,746	$ 29,234	(9,214)	(37)	[1]	2,049	[2]	22,032	8,714
Beginning balance (shares) at Dec. 31, 2019		1,777,927
Beginning balance at Dec. 31, 2019	29,827	$ 29,231	(9,722)	(122)	[1]	2,045	[2]	21,432	8,395
Transactions with owners
Funding from non-controlling interests	11
Disbursements to non-controlling interests	(1,578)
Ending balance (shares) at Dec. 31, 2020		1,778,190
Ending balance at Dec. 31, 2020	31,710	$ 29,236	(7,949)	14	[1]	2,040	[2]	23,341	8,369
Net income	1,524	0	949	0		0		949	575
Total other comprehensive income	(34)	0	0	(34)	[1]	0		(34)	0
Total comprehensive income	1,490	0	949	(34)	[1]	0		915	575
Transactions with owners
Dividends	(317)	0	(317)	0		0		(317)
Return of capital (note 16)	(250)	$ (250)				0		(250)	0
Number of shares issued on exercise of stock options		50
Funding from non-controlling interests	12								12
Disbursements to non-controlling interests	(471)								(471)
Number of shares issued in dividend reinvestment plan with owners		104
Dividend reinvestment plan (note 16)		$ 3	(3)			0	[2]
Increase (decrease) through share-based payment transactions, shares		898
Share-based payments	0	$ 6				(6)	[2]	0
Total transactions with owners (shares)		1,052
Total transactions with owners	(1,026)	$ (241)	(320)	0	[1]	(6)	[2]	(567)	(459)
Ending balance (shares) at Jun. 30, 2021		1,779,242
Ending balance at Jun. 30, 2021	$ 32,174	$ 28,995	$ (7,320)	$ (20)	[1]	$ 2,034	[2]	$ 23,689	$ 8,485
[1]	Includes cumulative translation losses at June 30, 2021: $95 million (December 31, 2020: $95 million; June 30, 2020: $92 million)
[2]	Includes additional paid-in capital as at June 30, 2021: $1,996 million (December 31, 2020: $2,002 million; June 30, 2020: $2,011 million).

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020	Jun. 30, 2020
Equity	$ 32,174	$ 31,710	$ 30,746
Cumulative translation adjustments
Equity	95	95	92
Additional paid-in capital
Equity	$ 1,996	$ 2,002	$ 2,011

CORPORATE INFORMATION

CORPORATE INFORMATION	6 Months Ended
	Jun. 30, 2021
Corporate Information [Abstract]
CORPORATE INFORMATION	1 n Corporate Information Barrick Gold Corporation (“Barrick”, “we” or the “Company”) is a corporation governed by the Business Corporations Act (British Columbia) . The Company’s corporate 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, 2021
Significant Accounting Policies [Abstract]
Significant Accounting Policies	2 n 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, 2020 ("2020 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 6, 2021. 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, 2021
Accounting Judgements and Estimates [Abstract]
SIGNIFICANT JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS	3 n Critical Judgements, Estimates, Assumptions and Risks The judgments, estimates, assumptions and risks discussed here reflect updates from the 2020 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 2020 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. For operating mines, 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. 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 $457 million as at June 30, 2021 (December 31, 2020: $459 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 $48 million in VAT recoverable in Argentina as at June 30, 2021 (December 31, 2020: $53 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 18 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 pandemic and efforts to contain it have had a significant effect on commodity prices and capital markets. We have adopted certain operating procedures to respond to Covid-19 and to date, our operations have not been significantly impacted by the pandemic with the exception of Veladero, where the government of Argentina implemented a mandatory nationwide quarantine in March 2020. Although this was lifted in April 2020, movement and social distancing restrictions impacted the remobilization of employees and contractors back to site. 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.

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	6 Months Ended
	Jun. 30, 2021
Business Combinations and Discontinued Operations [Abstract]
Acquisitions and Divestitures	4 n Acquisitions and Divestitures a) Lagunas Norte On February 16, 2021, Barrick announced it had entered into an agreement to sell its 100% interest in the Lagunas Norte gold mine in Peru to Boroo Pte Ltd. ("Boroo") for total consideration of up to $81 million, with $20 million of cash consideration on closing, additional cash consideration of $10 million payable on the first anniversary of closing and $20 million payable on the second anniversary of closing, a 2% net smelter return royalty, which may be purchased by Boroo for a limited period after closing for $16 million, plus a contingent payment of up to $15 million based on the two-year average gold price. An impairment reversal of $86 million was recognized in the first quarter of 2021. Refer to note 13 for further details. The transaction closed on June 1, 2021 and we recognized a gain on sale of $4 million in the second quarter of 2021 based on a final fair value of consideration of $65 million. We remain contractually liable for all tax matters that existed prior to our divestiture until these matters are resolved. b) Massawa Project On 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”), now Endeavour Mining Corporation, 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. In the first quarter of 2021, we received full repayment of the outstanding loan. 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, 2021
Operating Segments [Abstract]
SEGMENT INFORMATION	5 n 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, 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, North Mara and Bulyanhulu). Starting in the first quarter of 2021, Goldrush was included as part of Cortez as the CODM began reviewing the operating results and assessing performance on a combined level. The remaining operating segments, including our remaining gold mines, copper 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 current year. Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2021 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $572 $267 $59 $7 ($8) $247 Cortez 2 328 143 66 2 1 116 Turquoise Ridge 2 235 98 48 — — 89 Pueblo Viejo 2 369 122 55 1 9 182 Loulo-Gounkoto 2 329 110 69 5 6 139 Kibali 169 60 36 1 2 70 Veladero 91 40 20 — 2 29 North Mara 2 144 65 12 — 1 66 Bulyanhulu 2 82 38 13 — 1 30 Other Mines 2 719 305 146 3 16 249 Reportable segment total $3,038 $1,248 $524 $19 $30 $1,217 Share of equity investees (169) (60) (36) (1) (2) (70) Segment total $2,869 $1,188 $488 $18 $28 $1,147 Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2020 Revenue Site operating costs, 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 North Mara 2 139 59 25 — 2 53 Bulyanhulu 2 67 37 23 — 7 — Other Mines 2 825 381 197 3 34 210 Reportable segment total $3,172 $1,368 $594 $24 $50 $1,136 Share of equity investees (164) (59) (42) (1) 2 (64) Segment total $3,008 $1,309 $552 $23 $52 $1,072 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2021 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $1,235 $555 $127 $10 ($9) $552 Cortez 2 620 286 130 5 2 197 Turquoise Ridge 2 504 198 99 — — 207 Pueblo Viejo 2 789 252 116 2 10 409 Loulo-Gounkoto 2 666 225 138 9 14 280 Kibali 323 120 68 1 1 133 Veladero 148 64 31 — 2 51 North Mara 2 263 121 27 — 2 113 Bulyanhulu 2 132 66 25 — 2 39 Other Mines 2 1,406 604 288 6 31 477 Reportable segment total $6,086 $2,491 $1,049 $33 $55 $2,458 Share of equity investees (323) (120) (68) (1) (1) (133) Segment total $5,763 $2,371 $981 $32 $54 $2,325 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2020 Revenue Site operating costs, 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 North Mara 2 271 113 50 — (3) 111 Bulyanhulu 2 81 43 31 — 19 (12) Other Mines 2 1,435 733 354 7 33 308 Reportable segment total $5,993 $2,651 $1,144 $40 $68 $2,090 Share of equity investees (304) (111) (83) (2) 4 (112) Segment total $5,689 $2,540 $1,061 $38 $72 $1,978 1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2021, accretion expense was $8 million (2020: $4 million) and for the six months ended June 30, 2021, accretion expense was $13 million (2020: $12 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2021 for Nevada Gold Mines $541 million, $314 million, $224 million (2020: $577 million, $342 million, $224 million), Pueblo Viejo $147 million, $70 million, $73 million (2020: $134 million, $70 million, $65 million), Loulo-Gounkoto $66 million, $36 million, $28 million (2020: $68 million, $40 million, $27 million), North Mara, Bulyanhulu and Buzwagi $42 million, $25 million, $18 million (2020: $52 million, $32 million, $18 million), and Tongon $10 million, $8 million, $2 million (2020: $13 million, $11 million, $4 million) and for the six months ended June 30, 2021 for Nevada Gold Mines $1,098 million, $632 million, $460 million (2020: $1,113 million, $672 million, $424 million), Pueblo Viejo $321 million, $146 million, $171 million (2020: $292 million, $144 million, $147 million), Loulo-Gounkoto $133 million, $73 million, $56 million (2020: $117 million, $71 million, $44 million), North Mara, Bulyanhulu and Buzwagi $74 million, $48 million, $26 million (2020: $83 million, $54 million, $26 million) and Tongon $20 million, $16 million, $3 million (2020: $24 million, $20 million, $5 million), respectively. Reconciliation of Segment Income to Income Before Income Taxes For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Segment income $1,147 $1,072 $2,325 $1,978 Other revenue 24 47 86 87 Other cost of sales/amortization (28) (39) (64) (75) Exploration, evaluation and project expenses not attributable to segments (59) (55) (106) (111) General and administrative expenses (47) (71) (85) (111) Other income not attributable to segments (4) (37) (3) 17 Impairment reversals (charges) (2) (23) 87 313 Loss on currency translation (7) (2) (11) (18) Closed mine rehabilitation (6) (7) (29) (97) Income from equity investees 104 61 207 115 Finance costs, net (includes non-segment accretion) (83) (78) (165) (174) Gain (loss) on non-hedge derivatives (2) 12 (1) 5 Income before income taxes $1,037 $880 $2,241 $1,929 Capital Expenditures Information Segment capital expenditures 1 For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Carlin $141 $103 $233 $196 Cortez 70 123 132 225 Turquoise Ridge 39 23 72 53 Pueblo Viejo 143 32 244 60 Loulo-Gounkoto 88 70 158 109 Kibali 20 16 31 31 Veladero 43 16 83 42 North Mara 19 21 37 36 Bulyanhulu 18 9 33 13 Other Mines 76 87 150 152 Reportable segment total $657 $500 $1,173 $917 Other items not allocated to segments 35 26 59 45 Total $692 $526 $1,232 $962 Share of equity investees (20) (16) (31) (31) Total $672 $510 $1,201 $931 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, 2021, cash expenditures were $658 million (2020: $509 million) and the increase in accrued expenditures was $14 million (2020: $1 million increase). For the six months ended June 30, 2021, cash expenditures were $1,197 million (2020: $960 million) and the increase in accrued expenditures was $4 million (2020: $29 million decrease). Purchase Commitments At June 30, 2021, we had purchase obligations for supplies and consumables of $1,655 million (December 31, 2020: $1,882 million). Capital Commitments In addition to entering into various operational commitments in the normal course of business, we had capital commitments of $186 million at June 30, 2021 (December 31, 2020: $223 million).

REVENUE

REVENUE	6 Months Ended
	Jun. 30, 2021
Revenue [abstract]
Disclosure of revenue [text block]	6 n Revenue For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Gold sales Spot market sales $2,524 $2,617 $5,139 $5,172 Concentrate sales 63 191 92 229 Provisional pricing adjustments 2 4 (1) 4 $2,589 $2,812 $5,230 $5,405 Copper sales Concentrate sales $234 $157 $445 $280 Provisional pricing adjustments — 27 45 3 $234 $184 $490 $283 Other sales 1 70 59 129 88 Total $2,893 $3,055 $5,849 $5,776

COST OF SALES

COST OF SALES	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
COST OF SALES	7 n Cost of Sales Gold Copper Other 3 Total For the three months ended June 30 2021 2020 2021 2020 2021 2020 2021 2020 Site operating costs 1,2 $1,016 $1,121 $65 $79 $— $2 $1,081 $1,202 Depreciation 1 448 498 46 63 6 5 500 566 Royalty expense 92 116 25 11 — — 117 127 Community relations 5 5 1 — — — 6 5 $1,561 $1,740 $137 $153 $6 $7 $1,704 $1,900 Gold Copper Other 3 Total For the six months ended June 30 2021 2020 2021 2020 2021 2020 2021 2020 Site operating costs 1,2 $2,036 $2,201 $130 $148 $— $4 $2,166 $2,353 Depreciation 1 902 972 94 106 11 12 1,007 1,090 Royalty expense 185 200 48 22 — — 233 222 Community relations 9 10 1 1 — — 10 11 $3,132 $3,383 $273 $277 $11 $16 $3,416 $3,676 1 Site operating costs and depreciation include charges to reduce the cost of inventory to net realizable value as follows: $nil for the three months ended June 30, 2021 (2020: $1 million) and $14 million for the six months ended June 30, 2021 (2020: $18 million). 2 Site operating costs 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, 2021
Earnings per share [abstract]
EARNINGS PER SHARE	8 n Earnings Per Share For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Basic Diluted Basic Diluted Basic Diluted Basic Diluted Net income $694 $694 $622 $622 $1,524 $1,524 $1,285 $1,285 Net income attributable to non-controlling interests (283) (283) (265) (265) (575) (575) (528) (528) Net income attributable to equity holders of Barrick Gold Corporation $411 $411 $357 $357 $949 $949 $757 $757 Weighted average shares outstanding 1,779 1,779 1,778 1,778 1,779 1,779 1,778 1,778 Basic and diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation $0.23 $0.23 $0.20 $0.20 $0.53 $0.53 $0.43 $0.43

OTHER EXPENSE (INCOME)

OTHER EXPENSE (INCOME)	6 Months Ended
	Jun. 30, 2021
Other Operating Income (Expense) [Abstract]
OTHER EXPENSE (INCOME)	9 n Other Expense a) Other Expense (Income) For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Other expense: Bank charges $4 $5 $6 $9 Bulyanhulu reduced operations program cost 1 — 7 — 14 Covid-19 donations — 18 — 18 Litigation 6 6 7 9 Loss on warrant investments at fair value through profit or loss ("FVPL") 5 — 10 — Porgera care and maintenance costs 15 27 26 27 Other 4 20 11 30 Total other expense $34 $83 $60 $107 Other income: Loss (gain) on sale of long-lived assets ($7) $8 ($10) ($52) Loss (gain) on non-hedge derivatives 2 (12) 1 (5) Interest income on other assets (3) (6) (6) (12) Total other income ($8) ($10) ($15) ($69) Total $26 $73 $45 $38 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 2021 2020 2021 2020 Impairment (reversals) charges of non-current assets 1 $2 $11 ($87) ($325) Impairment of intangibles — 12 — 12 Total $2 $23 ($87) ($313) 1 Refer to note 13 for further details.

INCOME TAX EXPENSE

INCOME TAX EXPENSE	6 Months Ended
	Jun. 30, 2021
Income Tax [Abstract]
INCOME TAX EXPENSE	10 n Income Tax Expense For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Current $237 $222 $502 $474 Deferred 106 36 215 170 $343 $258 $717 $644 Income tax expense was $717 million for the six months ended June 30, 2021 (2020: $644 million). The unadjusted effective income tax rate for the six months ended June 30, 2021 was 32% of the income before income taxes. The underlying effective income tax rate on ordinary income for the six months ended June 30, 2021 was 27% after adjusting for the impact of net impairment reversals; the impact of deferred taxes at Hemlo; the impact of the sale of our Lagunas Norte mine; the impact of tax reform measures in Argentina; the impact of foreign currency translation losses on deferred tax balances; the impact of non-deductible foreign exchange losses; 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. This is required in countries where tax is paid in local currency and the subsidiary has a different functional currency (e.g. US dollars). The most significant balances relate to Argentine and Malian net deferred tax liabilities. In the six months ended June 30, 2021, a deferred tax expense of $26 million (2020: $1 million deferred tax recovery) primarily arose from translation losses on tax balances in Argentina and Mali, respectively, due to the weakening of the Argentine peso and the West African CFA franc against the US dollar. These net translation losses are included within deferred income tax expense. Withholding Taxes For the six months ended June 30, 2021, we have recorded $16 million (2020: $13 million related to the United States) of dividend withholding taxes related to the undistributed earnings of our subsidiaries in Argentina and the United States. 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. Nevada Gold Mines is also subject to Net Proceeds of Minerals tax in Nevada, which is included on a consolidated basis in the Company's consolidated statements of income. Nevada Mining Excise Tax A new mining excise tax applied to gross proceeds became effective on July 1, 2021 following the passing of Assembly Bill 495 at the Nevada Legislative Session ended on May 31, 2021. The new excise tax is a tiered tax, with a highest rate of 1.1% and first payment expected in April 2022. The bill does not take into consideration expenses or costs incurred to generate gross proceeds, therefore, this tax will be treated as a gross receipts tax and not as a tax based on income subject to IAS 12. As a result, this new tax will be reported as a component of cost of sales and not as an income tax expense. Argentina Deferred Taxes On June 16, 2021, Argentina enacted a law increasing its corporate tax rate from 30% to 35% for 2021 and thereafter. This law supersedes previous legislation that was expected to enforce a corporate tax rate of 25% for 2021. In addition, the dividend withholding tax was decreased from 13% to 7% for 2021 and thereafter. A deferred tax expense of $72 million was recorded in the second quarter of 2021 as a result of these tax reform measures.

CASH FLOW _ OTHER ITEMS

CASH FLOW – OTHER ITEMS	6 Months Ended
	Jun. 30, 2021
Cash Flow Statement [Abstract]
CASH FLOW – OTHER ITEMS	11 n Cash Flow - Other Items Operating Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Adjustments for non-cash income statement items: Loss (gain) on non-hedge derivatives $2 ($12) $1 ($5) Loss on warrant investments at FVPL 5 — 10 — Share-based compensation expense 23 33 36 50 Change in estimate of rehabilitation costs at closed mines 6 7 29 97 Net inventory impairment charges — 1 8 18 Change in other assets and liabilities (82) 21 (104) 17 Settlement of share-based compensation — (1) (44) (27) Settlement of rehabilitation obligations (30) (24) (52) (44) Other operating activities ($76) $25 ($116) $106 Cash flow arising from changes in: Accounts receivable ($29) ($40) $6 ($48) Inventory (97) 59 (111) (25) Other current assets (75) (33) (82) (139) Accounts payable 28 6 (73) (73) Other current liabilities (24) — 11 (29) Change in working capital ($197) ($8) ($249) ($314) Financing Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Pueblo Viejo JV partner shareholder loan $43 $— $64 $— Debt extinguishment costs — — — (15) Other financing activities $43 $— $64 ($15)

EQUITY ACCOUNTING METHOD INVEST

EQUITY ACCOUNTING METHOD INVESTMENT CONTINUITY	6 Months Ended
	Jun. 30, 2021
Interests In Other Entities [Abstract]
INVESTMENTS	12 n Equity Accounting Method Investment Continuity Kibali Jabal Sayid Zaldívar Other Total At January 1, 2020 $3,218 $296 $955 $58 $4,527 Equity pick-up from equity investees 201 74 12 1 288 Dividends received (140) — — (1) (141) Shareholder loan repayment — (1) — (3) (4) At December 31, 2020 $3,279 $369 $967 $55 $4,670 Equity pick-up from equity investees 108 75 24 — 207 Dividends received (71) (25) (65) — (161) Shareholder loan repayment — — — (1) (1) At June 30, 2021 $3,316 $419 $926 $54 $4,715

IMPAIRMENT OF GOODWILL AND OTHE

IMPAIRMENT OF GOODWILL AND OTHER ASSETS	6 Months Ended
	Jun. 30, 2021
Impairment of Goodwill and Other Assets [Abstract]
Disclosure of impairment loss and reversal of impairment loss [text block]	13 n 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 2020 Annual Financial Statements for further information. For the six months ended June 30, 2021, we recorded net impairment reversals of $87 million (2020: $313 million net impairment reversals) for non-current assets. Indicators of impairment and reversals 2021 Lagunas Norte As described in note 4, on February 16, 2021, we announced an agreement to sell our 100% interest in the Lagunas Norte gold mine in Peru to Boroo for total consideration of up to $81 million. An impairment reversal of $86 million was recognized in the first quarter of 2021 based on the March 31, 2021 fair value of the consideration to be received of $63 million. Lagunas Norte was in a net liability position, which resulted in an impairment reversal that exceeded the fair value less costs of disposal ("FVLCD"). The transaction closed on June 1, 2021. Porgera On April 9, 2021, the Papua New Guinea ("PNG") government and Barrick Niugini Limited (“BNL”, the 95% owner and operator of the Porgera joint venture) agreed on a partnership for the future ownership and operation of the Porgera mine. Porgera has been on care and maintenance since April 2020, when the government declined to renew its special mining lease ("SML"). The financial impact will be determined once the definitive agreements, which are currently being negotiated, have been signed. We have determined that as at June 30, 2021, there is no loss to recognize. Refer to note 18 for more information. 2020 Tanzania On January 24, 2020, Barrick formalized the establishment of a joint venture between Barrick and the Government of Tanzania ("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 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 FVLCD were 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, 2021
Financial Instruments [Abstract]
FINANCIAL INSTRUMENTS	14 n 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 In May 2021, we amended the credit and guarantee agreement (the “Credit Facility”) with certain Lenders, which requires such Lenders to make available to us a credit facility of $3.0 billion or the equivalent amount in Canadian dollars. The Credit Facility, which is unsecured, currently has an interest rate of London Interbank Offered Rate (“LIBOR”) plus 1.125% on drawn amounts, and a standby rate of 0.11% on undrawn amounts. The Credit Facility also includes terms to replace LIBOR with a suitable replacement once that matter is resolved. As part of the amendment, the termination date of the Credit Facility was extended from January 2025 to May 2026. The Credit Facility was undrawn as at June 30, 2021.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	6 Months Ended
	Jun. 30, 2021
Fair Value Measurements [Abstract]
Disclosure of fair value measurement [text block]	15 n Fair Value Measurements a) Assets and Liabilities Measured at Fair Value on a Recurring Basis As at June 30, 2021 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 $5,138 $— $— $5,138 Other investments 1 377 — — 377 Derivatives — 50 — 50 Receivables from provisional copper and gold sales — 282 — 282 $5,515 $332 $— $5,847 1 Includes equity investments in other mining companies. b) Fair Values of Financial Assets and Liabilities As at June 30, 2021 As at December 31, 2020 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $419 $419 $571 $571 Other investments 2 377 377 428 428 Derivative assets 3 50 50 40 40 $846 $846 $1,039 $1,039 Financial liabilities Debt 4 $5,152 $7,039 $5,155 $7,288 Other liabilities 422 422 382 382 $5,574 $7,461 $5,537 $7,670 1 Includes restricted cash and amounts due from our partners. 2 Includes equity investments in other mining companies. 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 and Lagunas Norte. 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.

CAPITAL STOCK

CAPITAL STOCK	6 Months Ended
	Jun. 30, 2021
Capital Stock [Abstract]
CAPITAL STOCK	16 n Capital Stock a) Authorized Capital Stock Our authorized capital stock is composed of an unlimited number of common shares (issued 1,779,242,406 common shares as at June 30, 2021). 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. The Company’s dividend reinvestment plan resulted in 103,785 common shares issued to shareholders for the six months ended June 30, 2021. c) Return of Capital At the Annual and Special Meeting on May 4, 2021, shareholders approved a $750 million return of capital distribution. This distribution is derived from a portion of the proceeds from the divestiture of Kalgoorlie Consolidated Gold Mines in November 2019 and from other recent dispositions made by Barrick and its affiliates. The total return of capital distribution is expected to be effected in three equal tranches. The first $250 million tranche was paid on June 15, 2021, to shareholders of record at the close of business on May 28, 2021. The second return of capital distribution is expected to be paid on September 15, 2021, to shareholders of record on August 31, 2021. The remaining distribution of $250 million is expected to be effected to shareholders of record on a date to be determined in November 2021.

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	6 Months Ended
	Jun. 30, 2021
Interests In Other Entities [Abstract]
Disclosure of subsidiaries [text block]	17 n Non-controlling Interests Continuity Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon Other Total NCI in subsidiary at June 30, 2021 38.5 % 40 % 16 % 20 % 10.3 % Various At January 1, 2020 $6,039 $1,424 $— $901 $47 ($16) $8,395 Share of income (loss) 965 196 57 68 9 (5) 1,290 Cash contributed — — — — — 11 11 Increase in non-controlling interest — — 251 — — — 251 Disbursements (1,026) (427) (45) (36) (17) (27) (1,578) At December 31, 2020 $5,978 $1,193 $263 $933 $39 ($37) $8,369 Share of income 420 96 18 39 2 — 575 Cash contributed — — — — — 12 12 Disbursements (371) (61) — (29) — (10) (471) At June 30, 2021 $6,027 $1,228 $281 $943 $41 ($35) $8,485

CONTINGENCIES

CONTINGENCIES	6 Months Ended
	Jun. 30, 2021
Contingent Liabilities [Abstract]
CONTINGENCIES	18 n 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 2020 Annual Financial Statements, and no new contingencies have occurred that are material to the Company since the issuance of the 2020 Annual Financial Statements. The description set out below should be read in conjunction with Note 36 “Contingencies” to the 2020 Annual Financial Statements. Litigation and Claims Update Proposed Canadian Securities Class Actions (Pascua-Lama) On February 19, 2021, the Ontario Court of Appeal allowed the proposed representative Plaintiffs’ appeal in part. The Ontario Court of Appeal set aside the Ontario Superior Court’s decision dismissing statutory secondary market misrepresentation claims pertaining to the Company’s capital cost and scheduling estimates as well as to certain accounting and financial reporting issues, and remitted to the Ontario Superior Court the issue of whether leave to proceed should be granted in respect of those claims. The Ontario Court of Appeal upheld the Ontario Superior Court’s decision dismissing statutory secondary market misrepresentation claims pertaining to certain environmental matters in Chile. The Company subsequently filed an application for leave to appeal to the Supreme Court of Canada. On July 29, 2021, the Supreme Court of Canada dismissed Barrick’s application for leave to appeal. As a result, the case will go back to the Ontario Superior Court, which will determine anew whether to grant leave to proceed with the balance of the Plaintiffs’ statutory secondary market misrepresentations claims. The motion for class certification in Ontario has not yet been heard. The Ontario Superior Court has indicated that it currently does not intend to hear that motion until after the Plaintiffs’ motion for leave to proceed in respect of the balance of their statutory secondary market misrepresentation claims is determined. 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 - Operational Incidents and Associated Proceedings Regulatory Proceedings and Actions Federal Amparo Action The Federal Court ordered the resumption of the proceedings on February 19, 2021. Criminal Matters Provincial Criminal Proceedings On June 21, 2021, the Court issued a decision dismissing all charges against the defendants. Veladero – Tax Assessment and Criminal Charges On June 2, 2021 the trial court issued a decision dismissing the Criminal Tax Case against the directors. the Argentinean Federal Tax Authority ("AFIP") appealed and the Company's response to the appeal was filed July 25, 2021. Writ of Kalikasan One additional judicial affidavit was delivered by the Petitioners by February 10, 2021 and the Petitioners manifested their intention to introduce additional evidence without judicial affidavits. The Company objected to Petitioners’ manifested intention as well as to the admissibility of the additional judicial affidavit delivered by the Petitioners. On February 17, 2021, the Province of Marinduque filed a Motion to Implead asking the Court of Appeal to add Marcopper Mining Corporation as a respondent. On March 1, 2021, the Company filed both a Manifestation submitting that the Motion to Implead is premature in light of the Company’s Motion for Partial Reconsideration filed February 9, 2021, and an Opposition to the Motion to Implead. The February 24, 2021 hearing date did not proceed. On March 26, 2021, the Company filed a Petition for Certiorari in the Supreme Court seeking to set aside the Court of Appeals’ rulings of November 25, 2020 and January 21, 2021 relating to the Petitioners’ ability to call additional witnesses and file additional judicial affidavits. On June 14, 2021, the Court of Appeals released a Resolution denying the Company's Motion for Partial Reconsideration filed February 9, 2021 as well as the Province of Marinduque's Motion to Implead Marcopper Mining Corporation as a respondent. On June 25, 2021, the Company filed a Return Ad Cautelam in response to the Province of Marinduque's Petition for Intervention. The Petitioners' evidence is now complete and the Court has set a schedule for the Petitioners to file their formal offer of evidence. The next trial date has not been scheduled. 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. Reko Diq Arbitration On March 16, 2021, the International Centre for Settlement of Investment Disputes (“ICSID”) registered a request for revision filed by the Government of Pakistan, resulting in a provisional stay on enforcement of the ICSID Award. The original panel that decided the case has reconstituted itself to hear the revision request. Tethyan Copper Company Pty Limited (“TCC”), the joint venture entity that holds Barrick’s 50% interest in the Reko Diq project, is vigorously opposing the revision request. The Annulment Committee held its merits hearing on May 26 through 29, 2021. The decision of the Annulment Committee is pending. The Company cannot reasonably estimate the financial effect of the ICSID Award. No amounts have been recognized at this time. Porgera Special Mining Lease Extension On April 25, 2020, the Porgera Gold Mine was put on care and maintenance, after BNL, the 95% owner and operator of the Porgera joint venture, received a communication from the Government of Papua New Guinea that its application for a twenty On April 9, 2021, BNL signed a binding Framework Agreement with the Independent State of Papua New Guinea and Kumul Minerals Holding Limited, a state-owned mining company, setting out the terms and conditions for the reopening of the Porgera mine. The Framework Agreement reflects the key principles previously agreed between the parties on October 15, 2020. Under the terms of the Framework Agreement, the Papua New Guinea stakeholders will receive a 51% equity stake in the Porgera mine, with the remaining 49% to be held by BNL, which will retain operatorship of the mine. The Framework Agreement also provides that Papua New Guinea stakeholders and BNL will share the economic benefits derived from the reopened Porgera Mine on a 53% and 47% basis over the remaining life of mine, respectively, and that the Government of Papua New Guinea will retain the option to acquire BNL’s 49% equity participation at fair market value after 10 years. The provisions of the Framework Agreement will be implemented, and work to recommence full mine operations at Porgera will begin, following the execution of a number of definitive agreements and satisfaction of a number of conditions. In the meantime, under standstill arrangements contemplated by the Framework Agreement, all legal and arbitral proceedings previously initiated by the parties in relation to the Porgera dispute are to be suspended. BNL will remain in possession of the site and maintain the mine on care and maintenance. Porgera Tax Audits The Company remains in discussions with the IRC regarding the tax audits for 2006 through 2015 which resulted in the issuance of amended tax assessments against BNL on October 2, 2020. As previously reported, the Company has reviewed the amended assessments and concluded that there is no merit to the IRC’s tax audit adjustments, except for certain immaterial items for which a provision had already been made. The Company has not recorded any additional estimated amounts for the potential liability arising from the amended assessments as the Company cannot reasonably predict the outcome. Massawa Senegalese Tax Dispute On March 10, 2021, the Company filed an application with the International Chamber of Commerce ("ICC") in Paris in accordance with the Mining Convention for Gold and Related Substances, dated November 24, 2003, pertaining to the Senegal mining code between the Government of the Republic of Senegal and the Company. On July 16, 2021, the ICC confirmed the appointment of the three arbitrators appointed to the tribunal and proceedings are expected to commence later this year. The Company has recorded an estimated amount for the potential liability arising from this matter. In the Company’s view, it would be prejudicial to disclose the amount of that estimate as the arbitration proceedings are ongoing.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2021
Significant Accounting Policies [Abstract]
Statement of Compliance	Statement of ComplianceThese 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, 2020 ("2020 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 6, 2021.
New Accounting Standards Issued But Not Yet Effective	New Accounting Standards Issued But Not Yet EffectiveCertain 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.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Jun. 30, 2021
Operating Segments [Abstract]
Disclosure of operating segments [text block]	Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2021 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $572 $267 $59 $7 ($8) $247 Cortez 2 328 143 66 2 1 116 Turquoise Ridge 2 235 98 48 — — 89 Pueblo Viejo 2 369 122 55 1 9 182 Loulo-Gounkoto 2 329 110 69 5 6 139 Kibali 169 60 36 1 2 70 Veladero 91 40 20 — 2 29 North Mara 2 144 65 12 — 1 66 Bulyanhulu 2 82 38 13 — 1 30 Other Mines 2 719 305 146 3 16 249 Reportable segment total $3,038 $1,248 $524 $19 $30 $1,217 Share of equity investees (169) (60) (36) (1) (2) (70) Segment total $2,869 $1,188 $488 $18 $28 $1,147 Consolidated Statement of Income Information Cost of Sales For the three months ended June 30, 2020 Revenue Site operating costs, 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 North Mara 2 139 59 25 — 2 53 Bulyanhulu 2 67 37 23 — 7 — Other Mines 2 825 381 197 3 34 210 Reportable segment total $3,172 $1,368 $594 $24 $50 $1,136 Share of equity investees (164) (59) (42) (1) 2 (64) Segment total $3,008 $1,309 $552 $23 $52 $1,072 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2021 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $1,235 $555 $127 $10 ($9) $552 Cortez 2 620 286 130 5 2 197 Turquoise Ridge 2 504 198 99 — — 207 Pueblo Viejo 2 789 252 116 2 10 409 Loulo-Gounkoto 2 666 225 138 9 14 280 Kibali 323 120 68 1 1 133 Veladero 148 64 31 — 2 51 North Mara 2 263 121 27 — 2 113 Bulyanhulu 2 132 66 25 — 2 39 Other Mines 2 1,406 604 288 6 31 477 Reportable segment total $6,086 $2,491 $1,049 $33 $55 $2,458 Share of equity investees (323) (120) (68) (1) (1) (133) Segment total $5,763 $2,371 $981 $32 $54 $2,325 Consolidated Statement of Income Information Cost of Sales For the six months ended June 30, 2020 Revenue Site operating costs, 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 North Mara 2 271 113 50 — (3) 111 Bulyanhulu 2 81 43 31 — 19 (12) Other Mines 2 1,435 733 354 7 33 308 Reportable segment total $5,993 $2,651 $1,144 $40 $68 $2,090 Share of equity investees (304) (111) (83) (2) 4 (112) Segment total $5,689 $2,540 $1,061 $38 $72 $1,978 1 Includes accretion expense, which is included within finance costs in the consolidated statement of income. For the three months ended June 30, 2021, accretion expense was $8 million (2020: $4 million) and for the six months ended June 30, 2021, accretion expense was $13 million (2020: $12 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income for the three months ended June 30, 2021 for Nevada Gold Mines $541 million, $314 million, $224 million (2020: $577 million, $342 million, $224 million), Pueblo Viejo $147 million, $70 million, $73 million (2020: $134 million, $70 million, $65 million), Loulo-Gounkoto $66 million, $36 million, $28 million (2020: $68 million, $40 million, $27 million), North Mara, Bulyanhulu and Buzwagi $42 million, $25 million, $18 million (2020: $52 million, $32 million, $18 million), and Tongon $10 million, $8 million, $2 million (2020: $13 million, $11 million, $4 million) and for the six months ended June 30, 2021 for Nevada Gold Mines $1,098 million, $632 million, $460 million (2020: $1,113 million, $672 million, $424 million), Pueblo Viejo $321 million, $146 million, $171 million (2020: $292 million, $144 million, $147 million), Loulo-Gounkoto $133 million, $73 million, $56 million (2020: $117 million, $71 million, $44 million), North Mara, Bulyanhulu and Buzwagi $74 million, $48 million, $26 million (2020: $83 million, $54 million, $26 million) and Tongon $20 million, $16 million, $3 million (2020: $24 million, $20 million, $5 million), respectively. Reconciliation of Segment Income to Income Before Income Taxes For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Segment income $1,147 $1,072 $2,325 $1,978 Other revenue 24 47 86 87 Other cost of sales/amortization (28) (39) (64) (75) Exploration, evaluation and project expenses not attributable to segments (59) (55) (106) (111) General and administrative expenses (47) (71) (85) (111) Other income not attributable to segments (4) (37) (3) 17 Impairment reversals (charges) (2) (23) 87 313 Loss on currency translation (7) (2) (11) (18) Closed mine rehabilitation (6) (7) (29) (97) Income from equity investees 104 61 207 115 Finance costs, net (includes non-segment accretion) (83) (78) (165) (174) Gain (loss) on non-hedge derivatives (2) 12 (1) 5 Income before income taxes $1,037 $880 $2,241 $1,929 Capital Expenditures Information Segment capital expenditures 1 For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Carlin $141 $103 $233 $196 Cortez 70 123 132 225 Turquoise Ridge 39 23 72 53 Pueblo Viejo 143 32 244 60 Loulo-Gounkoto 88 70 158 109 Kibali 20 16 31 31 Veladero 43 16 83 42 North Mara 19 21 37 36 Bulyanhulu 18 9 33 13 Other Mines 76 87 150 152 Reportable segment total $657 $500 $1,173 $917 Other items not allocated to segments 35 26 59 45 Total $692 $526 $1,232 $962 Share of equity investees (20) (16) (31) (31) Total $672 $510 $1,201 $931

REVENUE (Tables)

REVENUE (Tables)	6 Months Ended
	Jun. 30, 2021
Revenue [abstract]
Revenue	For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Gold sales Spot market sales $2,524 $2,617 $5,139 $5,172 Concentrate sales 63 191 92 229 Provisional pricing adjustments 2 4 (1) 4 $2,589 $2,812 $5,230 $5,405 Copper sales Concentrate sales $234 $157 $445 $280 Provisional pricing adjustments — 27 45 3 $234 $184 $490 $283 Other sales 1 70 59 129 88 Total $2,893 $3,055 $5,849 $5,776

COST OF SALES (Tables)

COST OF SALES (Tables)	6 Months Ended
	Jun. 30, 2021
Analysis of income and expense [abstract]
Cost of sales	Gold Copper Other 3 Total For the three months ended June 30 2021 2020 2021 2020 2021 2020 2021 2020 Site operating costs 1,2 $1,016 $1,121 $65 $79 $— $2 $1,081 $1,202 Depreciation 1 448 498 46 63 6 5 500 566 Royalty expense 92 116 25 11 — — 117 127 Community relations 5 5 1 — — — 6 5 $1,561 $1,740 $137 $153 $6 $7 $1,704 $1,900 Gold Copper Other 3 Total For the six months ended June 30 2021 2020 2021 2020 2021 2020 2021 2020 Site operating costs 1,2 $2,036 $2,201 $130 $148 $— $4 $2,166 $2,353 Depreciation 1 902 972 94 106 11 12 1,007 1,090 Royalty expense 185 200 48 22 — — 233 222 Community relations 9 10 1 1 — — 10 11 $3,132 $3,383 $273 $277 $11 $16 $3,416 $3,676 1 Site operating costs and depreciation include charges to reduce the cost of inventory to net realizable value as follows: $nil for the three months ended June 30, 2021 (2020: $1 million) and $14 million for the six months ended June 30, 2021 (2020: $18 million). 2 Site operating costs 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, 2021
Earnings per share [abstract]
Earnings per share	For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Basic Diluted Basic Diluted Basic Diluted Basic Diluted Net income $694 $694 $622 $622 $1,524 $1,524 $1,285 $1,285 Net income attributable to non-controlling interests (283) (283) (265) (265) (575) (575) (528) (528) Net income attributable to equity holders of Barrick Gold Corporation $411 $411 $357 $357 $949 $949 $757 $757 Weighted average shares outstanding 1,779 1,779 1,778 1,778 1,779 1,779 1,778 1,778 Basic and diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation $0.23 $0.23 $0.20 $0.20 $0.53 $0.53 $0.43 $0.43

OTHER EXPENSE (INCOME) (Tables)

OTHER EXPENSE (INCOME) (Tables)	6 Months Ended
	Jun. 30, 2021
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 2021 2020 2021 2020 Other expense: Bank charges $4 $5 $6 $9 Bulyanhulu reduced operations program cost 1 — 7 — 14 Covid-19 donations — 18 — 18 Litigation 6 6 7 9 Loss on warrant investments at fair value through profit or loss ("FVPL") 5 — 10 — Porgera care and maintenance costs 15 27 26 27 Other 4 20 11 30 Total other expense $34 $83 $60 $107 Other income: Loss (gain) on sale of long-lived assets ($7) $8 ($10) ($52) Loss (gain) on non-hedge derivatives 2 (12) 1 (5) Interest income on other assets (3) (6) (6) (12) Total other income ($8) ($10) ($15) ($69) Total $26 $73 $45 $38 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 2021 2020 2021 2020 Impairment (reversals) charges of non-current assets 1 $2 $11 ($87) ($325) Impairment of intangibles — 12 — 12 Total $2 $23 ($87) ($313) 1 Refer to note 13 for further details.

INCOME TAX EXPENSE (Tables)

INCOME TAX EXPENSE (Tables)	6 Months Ended
	Jun. 30, 2021
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 2021 2020 2021 2020 Current $237 $222 $502 $474 Deferred 106 36 215 170 $343 $258 $717 $644

CASH FLOW _ OTHER ITEMS CASH FL

CASH FLOW – OTHER ITEMS CASH FLOW - OTHER ITEMS (Tables)	6 Months Ended
	Jun. 30, 2021
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 2021 2020 2021 2020 Adjustments for non-cash income statement items: Loss (gain) on non-hedge derivatives $2 ($12) $1 ($5) Loss on warrant investments at FVPL 5 — 10 — Share-based compensation expense 23 33 36 50 Change in estimate of rehabilitation costs at closed mines 6 7 29 97 Net inventory impairment charges — 1 8 18 Change in other assets and liabilities (82) 21 (104) 17 Settlement of share-based compensation — (1) (44) (27) Settlement of rehabilitation obligations (30) (24) (52) (44) Other operating activities ($76) $25 ($116) $106 Cash flow arising from changes in: Accounts receivable ($29) ($40) $6 ($48) Inventory (97) 59 (111) (25) Other current assets (75) (33) (82) (139) Accounts payable 28 6 (73) (73) Other current liabilities (24) — 11 (29) Change in working capital ($197) ($8) ($249) ($314) Financing Cash Flows – Other Items For the three months ended June 30 For the six months ended June 30 2021 2020 2021 2020 Pueblo Viejo JV partner shareholder loan $43 $— $64 $— Debt extinguishment costs — — — (15) Other financing activities $43 $— $64 ($15)

EQUITY ACCOUNTING METHOD INVE_2

EQUITY ACCOUNTING METHOD INVESTMENT CONTINUITY (Tables)	6 Months Ended
	Jun. 30, 2021
Interests In Other Entities [Abstract]
Investments	Kibali Jabal Sayid Zaldívar Other Total At January 1, 2020 $3,218 $296 $955 $58 $4,527 Equity pick-up from equity investees 201 74 12 1 288 Dividends received (140) — — (1) (141) Shareholder loan repayment — (1) — (3) (4) At December 31, 2020 $3,279 $369 $967 $55 $4,670 Equity pick-up from equity investees 108 75 24 — 207 Dividends received (71) (25) (65) — (161) Shareholder loan repayment — — — (1) (1) At June 30, 2021 $3,316 $419 $926 $54 $4,715

FAIR VALUE MEASUREMENTS FAIR VA

FAIR VALUE MEASUREMENTS FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Jun. 30, 2021
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, 2021 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 $5,138 $— $— $5,138 Other investments 1 377 — — 377 Derivatives — 50 — 50 Receivables from provisional copper and gold sales — 282 — 282 $5,515 $332 $— $5,847 1 Includes equity investments in other mining companies. b) Fair Values of Financial Assets and Liabilities As at June 30, 2021 As at December 31, 2020 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $419 $419 $571 $571 Other investments 2 377 377 428 428 Derivative assets 3 50 50 40 40 $846 $846 $1,039 $1,039 Financial liabilities Debt 4 $5,152 $7,039 $5,155 $7,288 Other liabilities 422 422 382 382 $5,574 $7,461 $5,537 $7,670 1 Includes restricted cash and amounts due from our partners. 2 Includes equity investments in other mining companies. 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 and Lagunas Norte. 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.

NON-CONTROLLING INTERESTS (Tabl

NON-CONTROLLING INTERESTS (Tables)	6 Months Ended
	Jun. 30, 2021
Interests In Other Entities [Abstract]
Disclosure of interests in subsidiaries [text block]	Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon Other Total NCI in subsidiary at June 30, 2021 38.5 % 40 % 16 % 20 % 10.3 % Various At January 1, 2020 $6,039 $1,424 $— $901 $47 ($16) $8,395 Share of income (loss) 965 196 57 68 9 (5) 1,290 Cash contributed — — — — — 11 11 Increase in non-controlling interest — — 251 — — — 251 Disbursements (1,026) (427) (45) (36) (17) (27) (1,578) At December 31, 2020 $5,978 $1,193 $263 $933 $39 ($37) $8,369 Share of income 420 96 18 39 2 — 575 Cash contributed — — — — — 12 12 Disbursements (371) (61) — (29) — (10) (471) At June 30, 2021 $6,027 $1,228 $281 $943 $41 ($35) $8,485

SIGNIFICANT JUDGMENTS, ESTIMA_2

SIGNIFICANT JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Mar. 31, 2021	Dec. 31, 2020	Mar. 31, 2020	Dec. 31, 2019
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Cash flows from (used in) operating activities	$ 639	$ 1,031	$ 1,941	$ 1,920
Cash and cash equivalents	5,138	$ 3,743	5,138	$ 3,743	$ 5,672	$ 5,188	$ 3,327	$ 3,314
Credit Facility Due 2026 [Member]
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Undrawn borrowing facilities	3,000		3,000
Pascua-Lama | Chile
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Receipts from value added tax refunds	457		457			459
Revenue, performance obligation	3,538		3,538
Pascua-Lama | Argentina
Disclosure of Detailed Information About Accounting Judgments and Estimates [Line Items]
Value added tax receivables	$ 48		$ 48			$ 53

ACQUISITIONS AND DIVESTITURES A

ACQUISITIONS AND DIVESTITURES ACQUISITION AND DIVESTITURES (Details) - USD ($) $ in Thousands	Jun. 01, 2023	Jun. 01, 2022	Jun. 01, 2021	Mar. 04, 2020	Jun. 30, 2021	Mar. 31, 2021	Mar. 31, 2020
Lagunas Norte [Member]
Disclosure of detailed information about business combination [line items]
Percentage of ownership interest sold			100.00%
NSR royalty rate			2.00%
Purchase price of NSR			$ 16,000
Impairment reversals (charges)						$ 86,000
Gain (loss) recognised on measurement to fair value less costs to sell or on disposal of assets or disposal groups constituting discontinued operation					$ 4,000
Lagunas Norte [Member] | Cash and equivalents
Disclosure of detailed information about business combination [line items]
Portion of consideration paid (received) consisting of cash and cash equivalents			(20,000)
Lagunas Norte [Member] | Contingent payment [Member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)			(15,000)
Lagunas Norte [Member] | Consideration receivable [Member] | First anniversary after closing [Member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)		$ (10,000)
Lagunas Norte [Member] | Consideration receivable [Member] | Second anniversary after closing [Member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)	$ (20,000)
Lagunas Norte [Member] | At fair value [member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)			(65,000)
Lagunas Norte [Member] | Maximum [Member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)			$ (81,000)
Massawa [Member]
Disclosure of detailed information about business combination [line items]
Percentage of ownership interest sold				90.00%
Proportion of consideration received				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
Massawa [Member] | 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
Massawa [Member] | 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)
Massawa [Member] | Contingent payment [Member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)				(46,250)
Massawa [Member] | At fair value [member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)				(440,000)
Massawa [Member] | At fair value [member] | Contingent payment [Member]
Disclosure of detailed information about business combination [line items]
Consideration paid (received)				$ (28,000)

SEGMENT INFORMATION SEGMENT INF

SEGMENT INFORMATION SEGMENT INFORMATION Narrative (Details)	Jun. 30, 2021minesiteinvestment
Disclosure of operating segments [line items]
Number of minesite locations	18
Number of projects | investment	1
Number of gold mines	9

SEGMENT INFORMATION - Consolida

SEGMENT INFORMATION - Consolidated Statements of Income Information (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disclosure of operating segments [line items]
Revenue	$ 2,893	$ 3,055	$ 5,849	$ 5,776
Depreciation	500	566	1,007	1,090
Exploration, evaluation and project expenses	77	78	138	149
Other expenses (income)	26	73	45	38
Segment income	1,037	880	2,241	1,929
Profit (loss), attributable to non-controlling interests	283	265	575	528	$ 1,290
Pueblo Viejo
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	147	134	321	292
Cost of sales, attributable to non-controlling interests	70	70	146	144
Profit (loss), attributable to non-controlling interests	73	65	171	147
Loulo Gounkoto [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	66	68	133	117
Cost of sales, attributable to non-controlling interests	36	40	73	71
Profit (loss), attributable to non-controlling interests	28	27	56	44
Reportable segments [member]
Disclosure of operating segments [line items]
Revenue	2,869	3,008	5,763	5,689
Site operating costs, royalties and community relations	1,188	1,309	2,371	2,540
Depreciation	488	552	981	1,061
Exploration, evaluation and project expenses	18	23	32	38
Other expenses (income)	28	52	54	72
Segment income	1,147	1,072	2,325	1,978
Nevada Gold Mines [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	541	577	1,098	1,113
Cost of sales, attributable to non-controlling interests	314	342	632	672
Profit (loss), attributable to non-controlling interests	224	224	460	424
North Mara, Bulyanhulu, and Buzwagi [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	42	52	74	83
Cost of sales, attributable to non-controlling interests	25	32	48	54
Profit (loss), attributable to non-controlling interests	18	18	26	26
Tongon [Member]
Disclosure of operating segments [line items]
Revenue, attributable to non-controlling interests	10	13	20	24
Cost of sales, attributable to non-controlling interests	8	11	16	20
Profit (loss), attributable to non-controlling interests	2	4	3	5
Operating segments
Disclosure of operating segments [line items]
Revenue	3,038	3,172	6,086	5,993
Site operating costs, royalties and community relations	1,248	1,368	2,491	2,651
Depreciation	524	594	1,049	1,144
Exploration, evaluation and project expenses	19	24	33	40
Other expenses (income)	30	50	55	68
Segment income	1,217	1,136	2,458	2,090
Accretion expense	8	4	13	12
Operating segments | Carlin [Member]
Disclosure of operating segments [line items]
Revenue	572	654	1,235	1,316
Site operating costs, royalties and community relations	267	325	555	649
Depreciation	59	70	127	150
Exploration, evaluation and project expenses	7	7	10	10
Other expenses (income)	(8)	6	(9)	12
Segment income	247	246	552	495
Operating segments | Cortez [Member]
Disclosure of operating segments [line items]
Revenue	328	368	620	698
Site operating costs, royalties and community relations	143	131	286	259
Depreciation	66	56	130	110
Exploration, evaluation and project expenses	2	3	5	5
Other expenses (income)	1	0	2	2
Segment income	116	178	197	322
Operating segments | Turquoise Ridge
Disclosure of operating segments [line items]
Revenue	235	218	504	444
Site operating costs, royalties and community relations	98	96	198	192
Depreciation	48	40	99	91
Exploration, evaluation and project expenses	0	4	0	5
Other expenses (income)	0	0	0	2
Segment income	89	78	207	154
Operating segments | Pueblo Viejo
Disclosure of operating segments [line items]
Revenue	369	335	789	709
Site operating costs, royalties and community relations	122	124	252	256
Depreciation	55	54	116	107
Exploration, evaluation and project expenses	1	2	2	5
Other expenses (income)	9	(2)	10	0
Segment income	182	157	409	341
Operating segments | Loulo Gounkoto [Member]
Disclosure of operating segments [line items]
Revenue	329	340	666	583
Site operating costs, royalties and community relations	110	126	225	220
Depreciation	69	74	138	133
Exploration, evaluation and project expenses	5	4	9	6
Other expenses (income)	6	2	14	5
Segment income	139	134	280	219
Operating segments | Kibali [Member]
Disclosure of operating segments [line items]
Revenue	169	164	323	304
Site operating costs, royalties and community relations	60	59	120	111
Depreciation	36	42	68	83
Exploration, evaluation and project expenses	1	1	1	2
Other expenses (income)	2	(2)	1	(4)
Segment income	70	64	133	112
Operating segments | Veladero
Disclosure of operating segments [line items]
Revenue	91	62	148	152
Site operating costs, royalties and community relations	40	30	64	75
Depreciation	20	13	31	35
Exploration, evaluation and project expenses	0	0	0	0
Other expenses (income)	2	3	2	2
Segment income	29	16	51	40
Operating segments | North Mara [Member]
Disclosure of operating segments [line items]
Revenue	144	139	263	271
Site operating costs, royalties and community relations	65	59	121	113
Depreciation	12	25	27	50
Exploration, evaluation and project expenses	0	0	0	0
Other expenses (income)	1	2	2	(3)
Segment income	66	53	113	111
Operating segments | Bulyanhulu [Member]
Disclosure of operating segments [line items]
Revenue	82	67	132	81
Site operating costs, royalties and community relations	38	37	66	43
Depreciation	13	23	25	31
Exploration, evaluation and project expenses	0	0	0	0
Other expenses (income)	1	7	2	19
Segment income	30	0	39	(12)
Operating segments | Other
Disclosure of operating segments [line items]
Revenue	719	825	1,406	1,435
Site operating costs, royalties and community relations	305	381	604	733
Depreciation	146	197	288	354
Exploration, evaluation and project expenses	3	3	6	7
Other expenses (income)	16	34	31	33
Segment income	249	210	477	308
Material reconciling items [member] | Kibali [Member]
Disclosure of operating segments [line items]
Revenue	(169)	(164)	(323)	(304)
Site operating costs, royalties and community relations	(60)	(59)	(120)	(111)
Depreciation	(36)	(42)	(68)	(83)
Exploration, evaluation and project expenses	(1)	(1)	(1)	(2)
Other expenses (income)	(2)	2	(1)	4
Segment income	$ (70)	$ (64)	$ (133)	$ (112)

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of operating segments [line items]
Segment income	$ 1,037	$ 880	$ 2,241	$ 1,929
Other revenue	2,893	3,055	5,849	5,776
Other cost of sales/amortization	(1,704)	(1,900)	(3,416)	(3,676)
Exploration, evaluation and project expenses not attributable to segments	(77)	(78)	(138)	(149)
General and administrative expenses	(47)	(71)	(85)	(111)
Other income not attributable to segments	(26)	(73)	(45)	(38)
Impairment reversals (charges)	(2)	(23)	87	313
Loss on currency translation	(7)	(2)	(11)	(18)
Closed mine rehabilitation	(6)	(7)	(29)	(97)
Income from equity investees	104	61	207	115
Finance costs, net (includes non-segment accretion)	(91)	(82)	(178)	(186)
Gain on non-hedge derivatives	(2)	12	(1)	5
Income before income taxes	1,037	880	2,241	1,929
Reportable segments [member]
Disclosure of operating segments [line items]
Segment income	1,147	1,072	2,325	1,978
Other revenue	2,869	3,008	5,763	5,689
Exploration, evaluation and project expenses not attributable to segments	(18)	(23)	(32)	(38)
Other income not attributable to segments	(28)	(52)	(54)	(72)
Income before income taxes	1,147	1,072	2,325	1,978
Other items not allocated to segments
Disclosure of operating segments [line items]
Other revenue	24	47	86	87
Other cost of sales/amortization	(28)	(39)	(64)	(75)
Exploration, evaluation and project expenses not attributable to segments	(59)	(55)	(106)	(111)
General and administrative expenses	(47)	(71)	(85)	(111)
Other income not attributable to segments	(4)	(37)	(3)	17
Impairment reversals (charges)	(2)	(23)	87	313
Loss on currency translation	(7)	(2)	(11)	(18)
Closed mine rehabilitation	(6)	(7)	(29)	(97)
Income from equity investees	104	61	207	115
Finance costs, net (includes non-segment accretion)	(83)	(78)	(165)	(174)
Gain on non-hedge derivatives	$ (2)	$ 12	$ (1)	$ 5

SEGMENT INFORMATION - Capital E

SEGMENT INFORMATION - Capital Expenditures (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disclosure of operating segments [line items]
Capital expenditures	$ 672	$ 510	$ 1,201	$ 931
Cash capital expenditures	658	509	1,197	960
Increase (decrease) in accrued capital expenditures	14	1	4	29
Purchase obligation for supplies and consumables	1,655		1,655		$ 1,882
Capital commitments	186		186		$ 223
Reportable segments [member]
Disclosure of operating segments [line items]
Capital expenditures	692	526	1,232	962
Operating segments
Disclosure of operating segments [line items]
Capital expenditures	657	500	1,173	917
Operating segments | Carlin [Member]
Disclosure of operating segments [line items]
Capital expenditures	141	103	233	196
Operating segments | Cortez [Member]
Disclosure of operating segments [line items]
Capital expenditures	70	123	132	225
Operating segments | Turquoise Ridge
Disclosure of operating segments [line items]
Capital expenditures	39	23	72	53
Operating segments | Pueblo Viejo
Disclosure of operating segments [line items]
Capital expenditures	143	32	244	60
Operating segments | Loulo Gounkoto [Member]
Disclosure of operating segments [line items]
Capital expenditures	88	70	158	109
Operating segments | Kibali [Member]
Disclosure of operating segments [line items]
Capital expenditures	20	16	31	31
Operating segments | Veladero
Disclosure of operating segments [line items]
Capital expenditures	43	16	83	42
Operating segments | North Mara [Member]
Disclosure of operating segments [line items]
Capital expenditures	19	21	37	36
Operating segments | Bulyanhulu [Member]
Disclosure of operating segments [line items]
Capital expenditures	18	9	33	13
Operating segments | Other Mines
Disclosure of operating segments [line items]
Capital expenditures	76	87	150	152
Other items not allocated to segments
Disclosure of operating segments [line items]
Capital expenditures	35	26	59	45
Material reconciling items [member] | Kibali [Member]
Disclosure of operating segments [line items]
Capital expenditures	$ (20)	$ (16)	$ (31)	$ (31)

REVENUE - Revenue by Type (Deta

REVENUE - Revenue by Type (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	$ 2,893	$ 3,055	$ 5,849	$ 5,776
Gold
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	2,589	2,812	5,230	5,405
Spot market sales
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	2,524	2,617	5,139	5,172
Concentrate sales
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	63	191	92	229
Gold provisional pricing adjustments [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	2	4	(1)	4
Copper
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	234	184	490	283
Copper concentrate [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	234	157	445	280
Copper provisional pricing adjustments [Member]
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	0	27	45	3
Other
Disclosure of Disaggregation of Revenue [Line Items]
Revenue	$ 70	$ 59	$ 129	$ 88

COST OF SALES (Details)

COST OF SALES (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of Detailed Information About Cost of Sales [Line Items]
Site operating costs	$ 1,081	$ 1,202	$ 2,166	$ 2,353
Depreciation expense	500	566	1,007	1,090
Royalty expense	117	127	233	222
Community relations	6	5	10	11
Cost of sales	1,704	1,900	3,416	3,676
Inventory write-down	0	1	14	18
Gold
Disclosure of Detailed Information About Cost of Sales [Line Items]
Site operating costs	1,016	1,121	2,036	2,201
Depreciation expense	448	498	902	972
Royalty expense	92	116	185	200
Community relations	5	5	9	10
Cost of sales	1,561	1,740	3,132	3,383
Copper
Disclosure of Detailed Information About Cost of Sales [Line Items]
Site operating costs	65	79	130	148
Depreciation expense	46	63	94	106
Royalty expense	25	11	48	22
Community relations	1	0	1	1
Cost of sales	137	153	273	277
Other
Disclosure of Detailed Information About Cost of Sales [Line Items]
Site operating costs	0	2	0	4
Depreciation expense	6	5	11	12
Royalty expense	0	0	0	0
Community relations	0	0	0	0
Cost of sales	$ 6	$ 7	$ 11	$ 16

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Earnings per share [abstract]
Net income	$ 694	$ 622	$ 1,524	$ 1,285
Net income - diluted	694	622	1,524	1,285
Net income attributable to non-controlling interests - basic	(283)	(265)	(575)	(528)	$ (1,290)
Net income attributable to non-controlling interests - diluted	(283)	(265)	(575)	(528)
Net income attributable to equity holders of Barrick Gold Corporation - Basic	411	357	949	757
Net income attributable to equity holders of Barrick Gold Corporation - Diluted	$ 411	$ 357	$ 949	$ 757
Weighted average shares outstanding - Basic (in shares)	1,779	1,778	1,779	1,778
Weighted average shares outstanding - Diluted (in shares)	1,779	1,778	1,779	1,778
Basic earnings per share data attributable to the equity holders of Barrick Gold Corporation (in USD per share)	$ 0.23	$ 0.20	$ 0.53	$ 0.43
Diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation (in USD per share)	$ 0.23	$ 0.20	$ 0.53	$ 0.43

OTHER EXPENSE (INCOME) - Other

OTHER EXPENSE (INCOME) - Other Expense (Income) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Other Operating Expenses [Abstract]
Bank charges	$ 4	$ 5	$ 6	$ 9
Bulyanhulu reduced operations program cost1	0	7	0	14
Covid-19 donations	0	18	0	18
Litigation	6	6	7	9
Loss on warrant investments at fair value through profit or loss ("FVPL")	5	0	10	0
Porgera care and maintenance costs	15	27	26	27
Other expenses, by nature	4	20	11	30
Other Operating Expenses	34	83	60	107
Other Income:
Loss (gain) on sale of long-lived assets	(7)	8	(10)	(52)
Loss (gain) on non-hedge derivatives	2	(12)	1	(5)
Interest income	(3)	(6)	(6)	(12)
Total other income	(8)	(10)	(15)	(69)
Total	$ 26	$ 73	$ 45	$ 38

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment (reversals) charges	$ 2	$ 23	$ (87)	$ (313)
Non-current assets or disposal groups classified as held for sale [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment (reversals) charges	2	11	(87)	(325)
Intangible assets other than goodwill [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment (reversals) charges	$ 0	$ 12	$ 0	$ 12

INCOME TAX EXPENSE - Schedule o

INCOME TAX EXPENSE - Schedule of Components of Income Tax Expense (Recovery) (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Current tax
Current tax	$ 237	$ 222	$ 502	$ 474
Deferred tax
Deferred tax expense (income)	106	36	215	170
Income tax expense	$ 343	$ 258	$ 717	$ 644

INCOME TAX EXPENSE Narrative (D

INCOME TAX EXPENSE Narrative (Details) - USD ($) $ in Millions	Jul. 01, 2021	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 15, 2021	Jun. 30, 2020
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Income tax expense (recovery)		$ 343	$ 258	$ 717		$ 644
Average effective tax rate				32.00%
Adjusted effective tax rate				27.00%
Net currency translation losses on deferred tax balances				$ (26)		1
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%
UNITED STATES
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Dividends withholdings taxes						$ 13
Argentina
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Applicable tax rate				35.00%	30.00%
Previously proposed applicable tax rate				25.00%
Dividends withholdings tax rate				7.00%	13.00%
Deferred tax expense (income) relating to tax rate changes or imposition of new taxes		$ 72
Argentina | UNITED STATES
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Dividends withholdings taxes				$ 16
NEVADA | Maximum [Member]
Disclosure Of Major Components Of Tax Expense (Income) [Line Items]
Mining excise tax rate	1.10%

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020
Cash flow arising from changes in:
Loss (gain) on non-hedge derivatives	$ 2	$ (12)	$ 1	$ (5)
Gain (loss) on warrant investments at FVPL	5	0	10	0
Share-based compensation expense	23	33	36	50
Change in estimate of rehabilitation costs at closed mines	6	7	29	97
Net inventory impairment charges	0	1	8	18
Change in other assets and liabilities	(82)	21	(104)	17
Settlement of share-based compensation	0	(1)	(44)	(27)
Settlement of rehabilitation obligations	(30)	(24)	(52)	(44)
Other operating activities	(76)	25	(116)	106
Cash flow arising from changes in:
Accounts receivable	(29)	(40)	6	(48)
Inventory	(97)	59	(111)	(25)
Other current assets	(75)	(33)	(82)	(139)
Accounts payable	28	6	(73)	(73)
Other current liabilities	(24)	0	11	(29)
Change in working capital	(197)	(8)	(249)	(314)
Financing Cash Flows – Other Items
Pueblo Viejo JV partner shareholder loan	43	0	64	0
Debt extinguishment costs	0	0	0	(15)
Other inflows (outflows) of cash	$ 43	$ 0	$ 64	$ (15)

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, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020
Disclosure of joint ventures [line items]
Investments, beginning balance			$ 4,670
Income from equity investees	$ 104	$ 61	207	$ 115
Investments, ending balance	4,715		4,715		$ 4,670
Joint ventures [member]
Disclosure of joint ventures [line items]
Investments, beginning balance			4,670	4,527	4,527
Income from equity investees			207		288
Dividends received			(161)		(141)
Shareholder loan repayments from equity method investments			(1)		(4)
Investments, ending balance	4,715		4,715		4,670
Kibali [Member]
Disclosure of joint ventures [line items]
Investments, beginning balance			3,279	3,218	3,218
Income from equity investees			108		201
Dividends received			(71)		(140)
Shareholder loan repayments from equity method investments			0		0
Investments, ending balance	3,316		3,316		3,279
Jabal Sayid
Disclosure of joint ventures [line items]
Investments, beginning balance			369	296	296
Income from equity investees			75		74
Dividends received			(25)		0
Shareholder loan repayments from equity method investments			0		(1)
Investments, ending balance	419		419		369
Zaldívar
Disclosure of joint ventures [line items]
Investments, beginning balance			967	955	955
Income from equity investees			24		12
Dividends received			(65)		0
Shareholder loan repayments from equity method investments			0		0
Investments, ending balance	926		926		967
Other
Disclosure of joint ventures [line items]
Investments, beginning balance			55	$ 58	58
Income from equity investees			0		1
Dividends received			0		(1)
Shareholder loan repayments from equity method investments			(1)		(3)
Investments, ending balance	$ 54		$ 54		$ 55

IMPAIRMENT OF GOODWILL AND OT_2

IMPAIRMENT OF GOODWILL AND OTHER ASSETS Narrative (Details)	Mar. 31, 2021USD ($)	Jan. 24, 2020USD ($)	Jan. 01, 2020	Jun. 30, 2021USD ($)	Mar. 31, 2021USD ($)	Jun. 30, 2020USD ($)	Mar. 31, 2020USD ($)	Jun. 30, 2021USD ($)	Jun. 30, 2020USD ($)
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals (charges)				$ (2,000,000)		$ (23,000,000)		$ 87,000,000	$ 313,000,000
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity									238,000,000
Tanzania Mines [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Proportion of ownership interests held by non-controlling interests								16.00%
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									238,000,000
Lagunas Norte [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals (charges)					$ 86,000,000
Porgera
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Proportion of ownership interest in joint venture								95.00%
Tanzania Mines [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals (charges)									$ 332,000,000
Proportion of ownership interests held by non-controlling interests			16.00%				16.00%
Loss (gain) on assignment of shareholder loans							$ 167,000,000
Tanzania Mines [Member] | Minimum [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Net assets value multiple		$ 1.1
Weighted average cost of capital, significant unobservable inputs, assets		5.40%
Tanzania Mines [Member] | Maximum [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Net assets value multiple		$ 1.3
Weighted average cost of capital, significant unobservable inputs, assets		6.20%
Tanzania Mines [Member] | Short-term [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Estimated Mineral Price For Measurement Of Fair Value Less Costs Of Disposal		1,350
Tanzania Mines [Member] | Long-term [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Estimated Mineral Price For Measurement Of Fair Value Less Costs Of Disposal		1,300
Individual assets or cash-generating units [member] | Lagunas Norte [Member] | At fair value [member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Consideration paid (received)	$ (63,000,000)
Individual assets or cash-generating units [member] | Porgera
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals (charges)								$ 0
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]
Impairment reversals (charges)							649,000,000
Recoverable amount of asset or cash-generating unit							1,237,000,000
Individual assets or cash-generating units [member] | North Mara [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals (charges)							88,000,000
Recoverable amount of asset or cash-generating unit							967,000,000
Individual assets or cash-generating units [member] | Buzwagi [Member]
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [abstract]
Impairment reversals (charges)							$ 0

FINANCIAL INSTRUMENTS Narrative

FINANCIAL INSTRUMENTS Narrative (Details) - Credit Facility Due 2026 [Member] $ in Billions	May 30, 2021USD ($)
Disclosure of detailed information about borrowings [line items]
Notional amount	$ 3
Borrowings, adjustment to interest rate basis	1.125%
Line of credit, standby rate	0.11%

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	$ 46,528	$ 46,506
Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets (liabilities)	5,847
Recurring fair value measurement | Cash and equivalents
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	5,138
Recurring fair value measurement | Other investments
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	377
Recurring fair value measurement | Derivatives
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	50
Recurring fair value measurement | Receivables from provisional copper and gold sales
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	282
Level 1 of fair value hierarchy [member] | Recurring fair value measurement
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets (liabilities)	5,515
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	5,138
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	377
Level 1 of fair value hierarchy [member] | Recurring fair value measurement | Derivatives
Disclosure Of Fair Value Measurement Of Assets And Liabilities1 [Line Items]
Assets	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)	332
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]
Assets	50
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	282
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]
Assets	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

FAIR VALUE MEASUREMENTS - Fair Value of Financial Assets and Liabilities (Details) - USD ($) $ in Millions	Jun. 30, 2021	Dec. 31, 2020
Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	$ 846	$ 1,039
Financial liabilities	5,574	5,537
At fair value [member]
Disclosure of fair value measurement of assets [line items]
Financial assets	846	1,039
Financial liabilities	7,461	7,670
Borrowings1 [Member] | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial liabilities	5,152	5,155
Borrowings1 [Member] | At fair value [member]
Disclosure of fair value measurement of assets [line items]
Financial liabilities	7,039	7,288
Other liabilities | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial liabilities	422	382
Other liabilities | At fair value [member]
Disclosure of fair value measurement of assets [line items]
Financial liabilities	422	382
Other assets | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	419	571
Other assets | At fair value [member]
Disclosure of fair value measurement of assets [line items]
Financial assets	419	571
Other investments [Member] | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	377	428
Other investments [Member] | At fair value [member]
Disclosure of fair value measurement of assets [line items]
Financial assets	377	428
Derivatives | Carrying amount
Disclosure of fair value measurement of assets [line items]
Financial assets	50	40
Derivatives | At fair value [member]
Disclosure of fair value measurement of assets [line items]
Financial assets	$ 50	$ 40

CAPITAL STOCK (Details)

CAPITAL STOCK (Details) - USD ($) $ / shares in Units, $ in Millions	Jun. 15, 2021	May 04, 2021	Nov. 30, 2021	Jun. 30, 2021	Jun. 30, 2020
Disclosure of classes of share capital [line items]
Decrease through other distributions to owners, equity				$ 250
Capital stock
Disclosure of classes of share capital [line items]
Number of shares issued in dividend reinvestment plan with owners				104,000	101,000
Decrease through other distributions to owners, equity				$ 250
Other
Disclosure of classes of share capital [line items]
Decrease through other distributions to owners, equity				$ 0
Other | Tranche 1 [Member]
Disclosure of classes of share capital [line items]
Decrease through other distributions to owners, equity	$ 250	$ 750
Other | Tranche 2 and 3 [Member]
Disclosure of classes of share capital [line items]
Decrease through other distributions to owners, equity		$ 750	$ 250
Common shares
Disclosure of classes of share capital [line items]
Par value per share (in dollars per share)				$ 0
Common shares | Capital stock
Disclosure of classes of share capital [line items]
Number of shares issued (shares)				1,779,242,406
Number of shares issued in dividend reinvestment plan with owners				103,785

NON-CONTROLLING INTERESTS - Con

NON-CONTROLLING INTERESTS - Continuity (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended		12 Months Ended
	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2021	Jun. 30, 2020	Dec. 31, 2020	Dec. 31, 2019
Disclosure of subsidiaries [line items]
Non-controlling interests	$ 8,485		$ 8,485		$ 8,369	$ 8,395
Profit (loss), attributable to non-controlling interests	283	$ 265	575	$ 528	1,290
Cash contributed			12	1	11
Increase (decrease) in non-controlling interest					251
Disbursements			$ (471)	$ (448)	(1,578)
Nevada Gold Mines [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			38.50%
Non-controlling interests	6,027		$ 6,027		5,978	6,039
Profit (loss), attributable to non-controlling interests			420		965
Cash contributed			0		0
Increase (decrease) in non-controlling interest					0
Disbursements			$ (371)		(1,026)
Pueblo Viejo
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			40.00%
Non-controlling interests	1,228		$ 1,228		1,193	1,424
Profit (loss), attributable to non-controlling interests			96		196
Cash contributed			0		0
Increase (decrease) in non-controlling interest					0
Disbursements			$ (61)		(427)
Tanzania Mines [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			16.00%
Non-controlling interests	281		$ 281		263	0
Profit (loss), attributable to non-controlling interests			18		57
Cash contributed			0		0
Increase (decrease) in non-controlling interest					251
Disbursements			$ 0		(45)
Loulo Gounkoto [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			20.00%
Non-controlling interests	943		$ 943		933	901
Profit (loss), attributable to non-controlling interests			39		68
Cash contributed			0		0
Increase (decrease) in non-controlling interest					0
Disbursements			$ (29)		(36)
Tongon [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests			10.30%
Non-controlling interests	41		$ 41		39	47
Profit (loss), attributable to non-controlling interests			2		9
Cash contributed			0		0
Increase (decrease) in non-controlling interest					0
Disbursements			0		(17)
Other subsidiaries [Member]
Disclosure of subsidiaries [line items]
Non-controlling interests	$ (35)		(35)		(37)	$ (16)
Profit (loss), attributable to non-controlling interests			0		(5)
Cash contributed			12		11
Increase (decrease) in non-controlling interest					0
Disbursements			$ (10)		$ (27)

CONTINGENCIES (Details)

CONTINGENCIES (Details)	Apr. 09, 2021	Feb. 10, 2021numberOfAffidavits	Apr. 25, 2020	Jun. 30, 2021USD ($)
Reko Diq [Member]
Disclosure of contingent liabilities [line items]
Proportion of ownership interest in joint venture				50.00%
Porgera
Disclosure of contingent liabilities [line items]
Proportion of ownership interest in joint venture	49.00%		95.00%
Number of years of extension of the Porgera special mining lease			20 years
Percent of ownership by other parties in joint ventures	51.00%
Proportion of economic benefits received by other parties in joint venture	53.00%
Proportion of economic benefits received in joint venture	47.00%
Number of years before government option to acquire remaining equity stake in Porgera	10 years
Legal proceedings contingent liability [member] | Canadian Class Action [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities				$ 0
Legal proceedings contingent liability [member] | Writ of Kalikasan [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities				0
Contingent liabilities, number of additional judicial affidavits | numberOfAffidavits		1
Legal proceedings contingent liability [member] | Reko Diq Arbitration [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities				0
Legal proceedings contingent liability [member] | Porgera Tax Audits [Member]
Disclosure of contingent liabilities [line items]
Estimated financial effect of contingent liabilities				$ 0