Barrick Gold (GOLD) 40-F 18 Mar 22 2021 FY Annual report (Canada) Financial data

Cover

Cover	12 Months Ended
	Dec. 31, 2021shares
Document Information [Line Items]
Document Type	40-F
Document Registration Statement	false
Document Annual Report	true
Document Period End Date	Dec. 31, 2021
Entity File Number	1-9059
Entity Registrant Name	BARRICK GOLD CORP
Entity Incorporation, State or Country Code	A1
Entity Primary SIC Number	1041
Entity Address, Address Line One	161 Bay Street
Entity Address, Address Line Two	Suite 3700
Entity Address, Address Line Three	P.O. Box 212
Entity Address, City or Town	Toronto
Entity Address, State or Province	ON
Entity Address, Country	CA
Entity Address, Postal Zip Code	M5J 2S1
City Area Code	800
Local Phone Number	720-7415
Title of 12(b) Security	Common Shares
Trading Symbol	GOLD
Security Exchange Name	NYSE
Annual Information Form	true
Audited Annual Financial Statements	true
Entity Common Stock, Shares Outstanding (shares)	1,779,331,037
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Central Index Key	0000756894
Current Fiscal Year End Date	--12-31
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Amendment Flag	false
Business Contact [Member]
Document Information [Line Items]
Entity Address, Address Line One	310 South Main Street
Entity Address, Address Line Two	Suite 1150
Entity Address, City or Town	Salt Lake City
Entity Address, State or Province	UT
Entity Address, Postal Zip Code	84101
City Area Code	801
Local Phone Number	990-3745
Contact Personnel Name	Barrick Gold of North America, Inc.

Audit Information

Audit Information	12 Months Ended
	Dec. 31, 2021
Auditor [Table]
Auditor Firm ID	271
Auditor Name	PricewaterhouseCoopers LLP
Auditor Location	Toronto, Canada

Consolidated Statements of Inco

Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenue (notes 5 and 6)	$ 11,985	$ 12,595
Costs and expenses
Cost of sales (notes 5 and 7)	7,089	7,417
General and administrative expenses (note 11)	151	185
Exploration, evaluation and project expenses (notes 5 and 8)	287	295
Impairment reversals (note 10)	(63)	(269)
Loss on currency translation	29	50
Closed mine rehabilitation (note 27b)	18	90
Income from equity investees (note 16)	(446)	(288)
Other (income) expense (note 9)	(67)	(178)
Income before finance items and income taxes	4,987	5,293
Finance costs, net (note 14)	(355)	(347)
Income before income taxes	4,632	4,946
Income tax expense (note 12)	1,344	1,332
Net income	3,288	3,614
Attributable to:
Equity holders of Barrick Gold Corporation	2,022	2,324
Non-controlling interests (note 32)	$ 1,266	$ 1,290
Earnings (loss) per share data attributable to the equity holders of Barrick Gold Corporation (note 13)
Net income, Basic (in USD per share)	$ 1.14	$ 1.31
Net income, Diluted (in USD per share)	$ 1.14	$ 1.31

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Net income	$ 3,288	$ 3,614
Items that may be reclassified subsequently to profit or loss:
Unrealized losses on derivatives designated as cash flow hedges, net of tax $nil and $nil	0	(3)
Realized losses on derivatives designated as cash flow hedges, net of tax $nil and $nil	3	4
Currency translation adjustments, net of tax $nil and $nil	2	(7)
Items that will not be reclassified to profit or loss:
Actuarial gain (loss) on post-employment benefit obligations, net of tax ($1) and $1	2	(6)
Net change in value of equity investments, net of tax $8 and ($38)	(44)	148
Total other comprehensive (loss) income	(37)	136
Total comprehensive income	3,251	3,750
Attributable to:
Equity holders of Barrick Gold Corporation	1,985	2,460
Non-controlling interests	$ 1,266	$ 1,290

Consolidated Statements of Co_2

Consolidated Statements of Comprehensive Income (Parentheticals) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of comprehensive income [abstract]
Income tax relating to cash flow hedges included in other comprehensive income	$ 0	$ 0
Income tax relating to realized losses on derivatives designated as cash flow hedges	0	0
Income tax relating to currency translation adjustments	0	0
Income tax relating to actuarial loss on post employment benefit obligations	(1)	1
Income tax relating to net change on equity investments	$ 8	$ (38)

Consolidated Statements of Cash

Consolidated Statements of Cash Flow - USD ($) $ in Millions		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Net income		$ 3,288	$ 3,614
Adjustments for the following items:
Depreciation		2,102	2,208
Finance costs (note 14)		390	364
Net impairment reversals (note 10)		(63)	(269)
Income tax expense (note 12)		1,344	1,332
Income from investment in equity investees (note 16)		(446)	(288)
Loss on currency translation		29	50
Gain on sale of non-current assets (note 9)		(213)	(180)
Change in working capital (note 15)		(273)	(211)
Other operating activities (note 15)		(203)	(190)
Operating cash flows before interest and income taxes		5,955	6,430
Interest paid		(303)	(295)
Income taxes paid	[1]	(1,274)	(718)
Net cash provided by operating activities		4,378	5,417
INVESTING ACTIVITIES
Capital expenditures (note 5)		(2,435)	(2,054)
Sales proceeds		35	45
Divestitures (note 4)		27	283
Proceeds from sales of investments other than investments accounted for using equity method			220
Purchase of investments other than investments accounted for using equity method		(46)
Dividends received from equity method investments		520	141
Shareholder loan repayments from equity method investments		2	79
Net cash used in investing activities		(1,897)	(1,286)
FINANCING ACTIVITIES
Lease repayments		(20)	(26)
Debt repayments		(7)	(353)
Dividends (note 31)		(634)	(547)
Return of capital (note 31)		(750)	0
Funding from non-controlling interests (note 32)		12	11
Disbursements to non-controlling interests (note 32)		(1,104)	(1,367)
Other financing activities (note 15)		115	28
Net cash used in financing activities		(2,388)	(2,254)
Effect of exchange rate changes on cash and equivalents		(1)	(3)
Net increase (decrease) in cash and equivalents		92	1,874
Cash and equivalents at beginning of year (note 25a)		5,188	3,314
Cash and equivalents at the end of year		$ 5,280	$ 5,188
[1]	Income taxes paid excludes $69 million (2020: $203 million) 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	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Statement of cash flows [abstract]
Income taxes payable settled against VAT receivables	$ 69	$ 203

Consolidated Balance Sheets

Consolidated Balance Sheets - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Current assets
Cash and cash equivalents	$ 5,280	$ 5,188
Accounts receivable (note 18)	623	558
Inventories (note 17)	1,734	1,878
Other current assets (note 18)	612	519
Current assets	8,249	8,143
Non-current assets
Non-current portion of inventory (note 17)	2,636	2,566
Equity in investees (note 16)	4,594	4,670
Property, plant and equipment (note 19)	24,954	24,628
Intangible assets (note 20a)	150	169
Goodwill	4,769	4,769
Deferred income tax assets (note 30)	29	98
Other assets (note 22)	1,509	1,463
Total assets	46,890	46,506
Current liabilities
Accounts payable (note 23)	1,448	1,458
Debt (note 25b)	15	20
Current income tax liabilities	285	436
Other current liabilities (note 24)	338	306
Total current liabilities	2,086	2,220
Non-current liabilities
Debt (note 25b)	5,135	5,135
Provisions (note 27)	2,768	3,139
Deferred income tax liabilities (note 30)	3,293	3,034
Other liabilities (note 29)	1,301	1,268
Total liabilities	14,583	14,796
Equity
Capital stock (note 31)	28,497	29,236
Deficit	(6,566)	(7,949)
Accumulated other comprehensive (loss) income	(23)	14
Other	1,949	2,040
Total equity attributable to Barrick Gold Corporation shareholders	23,857	23,341
Non-controlling interests (note 32)	8,450	8,369
Total equity	32,307	31,710
Total liabilities and equity	$ 46,890	$ 46,506

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($) shares in Thousands, $ in Millions	Total	Capital stock	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	3,614	0	2,324	0		0		2,324	1,290
Total other comprehensive income	136	0	0	136	[1]	0		136	0
Total comprehensive income	3,750	0	2,324	136	[1]	0		2,460	1,290
Transactions with owners
Dividends (note 31)	(547)	$ 0	(547)	0		0		(547)
Issued on exercise of stock options, shares		99
Dividend reinvestment plan, shares		164
Number of share options exercised in share-based payment arrangement		0
Total transactions with owners, shares		263
Issuance of 16% interest in Tanzania mines (note 21)	238								238
Sale of Acacia exploration properties	0					(13)	[2]	(13)	13
Issued on exercise of stock options, capital stock	1	$ 1	0	0		0		1
Funding from non-controlling interests (note 32)	11								11
Disbursements to non-controlling interests (note 32)	(1,578)								(1,578)
Dividend reinvestment plan, capital stock	0	4	(4)	0		0		0
Share-based payments	8	0	0	0		8	[2]	8
Total transactions with owners	(1,867)	$ 5	(551)	0		(5)	[2]	(551)	(1,316)
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	3,288	0	2,022	0		0		2,022	1,266
Total other comprehensive income	(37)	0	0	(37)	[1]	0		(37)	0
Total comprehensive income	3,251	0	2,022	(37)	[1]	0		1,985	1,266
Transactions with owners
Dividends (note 31)	(634)	0	(634)	0		0		(634)
Return of capital (note 31)	(750)	(750)	0	0		0		(750)
Acquisition of South Arturo non-controlling interest (note 4)	(171)	$ 0	0	0		(85)	[2]	(85)	(86)
Issued on exercise of stock options, shares		50
Dividend reinvestment plan, shares		192
Number of share options exercised in share-based payment arrangement		899
Total transactions with owners, shares		1,141
Issued on exercise of stock options, capital stock	0	$ 0	0	0		0		0
Funding from non-controlling interests (note 32)	12								12
Disbursements to non-controlling interests (note 32)	(1,111)								(1,111)
Dividend reinvestment plan, capital stock	0	5	(5)	0		0		0
Share-based payments	0	6	0	0		(6)	[2]	0
Total transactions with owners	(2,654)	$ (739)	(639)	0		(91)	[2]	(1,469)	(1,185)
Ending balance, shares at Dec. 31, 2021		1,779,331
Ending balance at Dec. 31, 2021	$ 32,307	$ 28,497	$ (6,566)	$ (23)	[1]	$ 1,949	[2]	$ 23,857	$ 8,450
[1]	Includes cumulative translation adjustments as at December 31, 2021: $94 million loss (December 31, 2020: $95 million loss).
[2]	Includes additional paid-in capital as at December 31, 2021: $1,911 million (December 31, 2020: $2,002 million).

Consolidated Statements of Ch_2

Consolidated Statements of Changes in Equity (Parentheticals) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Equity	$ 32,307	$ 31,710
Cumulative translation adjustments
Equity	(94)	(95)
Additional paid-in capital
Equity	$ 1,911	$ 2,002

CORPORATE INFORMATION

CORPORATE INFORMATION	12 Months Ended
	Dec. 31, 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.

MATERIAL ACCOUNTING POLICY INFO

MATERIAL ACCOUNTING POLICY INFORMATION	12 Months Ended
	Dec. 31, 2021
Material accounting policy information [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	2 n Material Accounting Policy Information a) Statement of Compliance These consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) under the historical cost convention, as modified by revaluation of derivative contracts and certain financial assets. Accounting policies are consistently applied to all years presented, unless otherwise stated. These consolidated financial statements were approved for issuance by the Board of Directors on February 15, 2022. b) Basis of Preparation These consolidated financial statements include the accounts of Barrick, its subsidiaries its share of joint operations (“JO”) and its equity share of joint ventures (“JV”). For non wholly-owned, controlled subsidiaries, profit or loss for the period that is attributable to non-controlling interests is typically calculated based on the ownership of the minority shareholders in the subsidiary. Outlined below is information related to our joint arrangements and entities other than 100% owned Barrick subsidiaries at December 31, 2021: Place of business Entity type Economic interest 1 Method 2 Nevada Gold Mines 3,4 United States Subsidiary 61.5% Consolidation North Mara 3,5 Tanzania Subsidiary 84% Consolidation Bulyanhulu 3,5 Tanzania Subsidiary 84% Consolidation Buzwagi 3,5 Tanzania Subsidiary 84% Consolidation Loulo-Gounkoto 3 Mali Subsidiary 80% Consolidation Tongon 3 Côte d’Ivoire Subsidiary 89.7% Consolidation Pueblo Viejo 3 Dominican Republic Subsidiary 60% Consolidation Norte Abierto Project Chile JO 50% Our share Donlin Gold Project United States JO 50% Our share Porgera Mine 6,7 Papua New Guinea JO 47.5% Our share Veladero Argentina JO 50% Our share Kibali 8 Democratic Republic of Congo JV 45% Equity Method Jabal Sayid 8 Saudi Arabia JV 50% Equity Method Zaldívar 8 Chile JV 50% Equity Method 1 Unless otherwise noted, all of our JOs are funded by contributions made by the parties sharing joint control in proportion to their economic interest. 2 For our JOs, we recognize our share of any assets, liabilities, revenues and expenses of the JO. 3 We consolidate our interests in Carlin, Cortez, Turquoise Ridge, Phoenix, Long Canyon, North Mara, Bulyanhulu, Buzwagi, Loulo-Gounkoto, Tongon and Pueblo Viejo and record a non-controlling interest for the 38.5%, 38.5%, 38.5%, 38.5%, 38.5%, 16%, 16%, 16%, 20%, 10.3% and 40%, respectively, that we do not own. 4 Included within our 61.5% interest in Carlin is Nevada Gold Mines’ (“NGM”) 60% interest in South Arturo. On September 7, 2021, NGM announced it had entered into an Exchange Agreement with i-80 Gold to acquire the 40% interest in South Arturo that NGM did not already own in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure. The exchange transaction closed on October 14, 2021, bringing Barrick’s ownership of South Arturo to 61.5%. 5 As part of the Framework Agreement effective January 1, 2020, the Government of Tanzania receives half of the economic benefits from the Tanzanian operations (Bulyanhulu, Buzwagi and North Mara) from taxes, royalties, clearing fees and participation in all cash distributions made by the mines, after the recoupment of capital investments. Earnings are recorded on a proportional basis based on our equity interests each period, with a true-up calculated and recorded annually to ensure the terms of the agreement are being fulfilled. 6 We have joint control given that decisions about relevant activities require unanimous consent of the parties to the joint operation. 7 We recognize our share of Porgera on a 47.5% interest basis, reflecting Barrick’s undisputed ownership position prior to April 24, 2020, and the ownership position Barrick is asserting in its legal proceedings in the Papua New Guinea (“PNG”) court. On August 16, 2019, the special mining lease (the “SML”) at Porgera was terminated and on April 24, 2020, the PNG government indicated that the SML would not be extended. On April 9, 2021, the PNG government and Barrick Nuigini Limited (“BNL”), the 95% owner and operator of the Porgera joint venture, agreed on a partnership for the future ownership and operation of the mine under a binding Framework Agreement. The Framework Agreement was replaced by the more detailed Commencement Agreement, which became effective on February 3, 2022. Under the terms of the binding Commencement Agreement, ownership of Porgera will be held in a new joint venture owned 51% by PNG stakeholders and 49% by BNL or an affiliate. BNL is jointly owned on a 50/50 basis by Barrick and Zijin Mining Group and therefore Barrick expects to hold a 24.5% interest in the Porgera mine following the implementation of the Commencement Agreement. BNL will retain operatorship of the mine. The parties are working towards the signing of definitive agreements, at which time, full mine recommencement work will begin. For additional information, see note 35. 8 Barrick has commitments of $574 million relating to its interest in the joint ventures, including purchase obligations disclosed in note 17 and capital commitments disclosed in note 19. c) Business Combinations On the acquisition of a business, the acquisition method of accounting is used. d) Foreign Currency Translation The functional currency of all of our operations is the US dollar. We translate non-US dollar balances for these operations into US dollars as follows: ▪ Property, plant and equipment (“PP&E”), intangible assets and equity method investments using the rates at the time of acquisition; ▪ Fair value through other comprehensive income (“FVOCI”) equity investments using the closing exchange rate as at the balance sheet date with translation gains and losses permanently recorded in Other Comprehensive Income (“OCI”); ▪ Deferred tax assets and liabilities using the closing exchange rate as at the balance sheet date with translation gains and losses recorded in income tax expense; ▪ Other assets and liabilities using the closing exchange rate as at the balance sheet date with translation gains and losses recorded in other income/expense; and ▪ Income and expenses using the average exchange rate for the period, except for expenses that relate to non-monetary assets and liabilities measured at historical rates, which are translated using the same historical rate as the associated non-monetary assets and liabilities. e) Revenue Recognition We sell our production in the world market through the following distribution channels: gold bullion is sold in the gold spot market, to independent refineries or to our non-controlling interest holders; and gold and copper concentrate is sold to independent smelting or trading companies. Gold Bullion Sales Gold bullion is sold primarily in the London spot market. The sale price is fixed on the date of sale based on the gold spot price. Generally, we record revenue from gold bullion sales at the time of physical delivery, which is also the date that title to the gold passes. Concentrate Sales Under the terms of concentrate sales contracts with independent smelting companies, gold and copper sales prices are provisionally set on a specified future date after shipment based on market prices. We record revenues under these contracts at the time of shipment, which is also when the risk and rewards of ownership pass to the smelting companies, using forward market gold and copper prices on the expected date that final sales prices will be determined. Variations between the price recorded at the shipment date and the actual final price set under the smelting contracts are caused by changes in market gold and copper prices, which result in the existence of an embedded derivative in accounts receivable. The embedded derivative is recorded at fair value each period until final settlement occurs, with changes in fair value classified as provisional price adjustments and included in revenue in the consolidated statement of income and presented separately in note 6 of these consolidated financial statements. Streaming Arrangements As the deferred revenue on streaming arrangements is considered variable consideration, an adjustment is made to the transaction price per unit each time there is a change in the underlying production profile of a mine (typically in the fourth quarter of each year). The change in the transaction price per unit results in a cumulative catch-up adjustment to revenue in the period in which the change is made, reflecting the new production profile expected to be delivered under the streaming agreement. A corresponding cumulative catch-up adjustment is made to accretion expense, reflecting the impact of the change in the deferred revenue balance. f ) Exploration and Evaluation Exploration expenditures are the costs incurred in the initial search for mineral deposits with economic potential or in the process of obtaining more information about existing mineral deposits. Exploration expenditures typically include costs associated with prospecting, sampling, mapping, diamond drilling and other work involved in searching for ore. Evaluation expenditures are the costs incurred to establish the technical and commercial viability of developing mineral deposits identified through exploration activities or by acquisition. Evaluation expenditures include the cost of (i) establishing the volume and grade of deposits through drilling of core samples, trenching and sampling activities in an ore body that is classified as either a mineral resource or a proven and probable reserve; (ii) determining the optimal methods of extraction and metallurgical and treatment processes; (iii) studies related to surveying, transportation and infrastructure requirements; (iv) permitting activities; and (v) economic evaluations to determine whether development of the mineralized material is commercially justified, including scoping, prefeasibility and final feasibility studies. Exploration and evaluation expenditures are expensed as incurred unless management determines that probable future economic benefits will be generated as a result of the expenditures. Once the technical feasibility and commercial viability of a program or project has been demonstrated with a prefeasibility study, and we have recognized reserves in accordance with the Canadian Securities Administrators’ National Instrument 43-101 - Standards of Disclosure for Mineral Projects , we account for future expenditures incurred in the development of that program or project in accordance with our policy for Property, Plant and Equipment, as described in note 2l. g) Production Stage A mine that is under construction is determined to enter the production stage when the project is in the location and condition necessary for it to be capable of operating in the manner intended by management. We use the following factors to assess whether these criteria have been met: (1) the level of capital expenditures compared to construction cost estimates; (2) the completion of a reasonable period of commissioning and testing of mine plant and equipment; (3) the ability to produce minerals in saleable form (within specifications); and (4) the ability to sustain ongoing production of minerals. When a mine construction project moves into the production stage, the capitalization of certain mine construction costs ceases and costs are either capitalized to inventory or expensed, except for capitalizable costs related to property, plant and equipment additions or improvements, open pit stripping activities that provide a future benefit, underground mine development or expenditures that meet the criteria for capitalization in accordance with IAS 16 Property, Plant and Equipment. h) Taxation Current tax for each taxable entity is based on the local taxable income at the local statutory tax rate enacted or substantively enacted at the balance sheet date and includes adjustments to tax payable or recoverable in respect of previous periods. Deferred tax is recognized using the balance sheet method in respect of all temporary differences between the tax bases of assets and liabilities, and their carrying amounts for financial reporting purposes, except as indicated below. Deferred income tax liabilities are recognized for all taxable temporary differences, except: • Where the deferred income tax liability arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in an acquisition that is not a business combination and, at the time of the acquisition, affects neither the accounting profit nor taxable profit or loss; and • In respect of taxable temporary differences associated with investments in subsidiaries and interests in joint arrangements, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred income tax assets are recognized for all deductible temporary differences and the carry forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax assets and unused tax losses can be utilized, except: • Where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in an acquisition that is not a business combination and, at the time of the acquisition, affects neither the accounting profit nor taxable profit or loss; and • In respect of deductible temporary differences associated with investments in subsidiaries and interests in joint arrangements, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. To the extent that an asset not previously recognized fulfills the criteria for recognition, a deferred income tax asset is recorded. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the asset is realized or the liability is settled, based on tax rates and tax laws enacted or substantively enacted at the balance sheet date. Current and deferred tax relating to items recognized directly in equity are recognized in equity and not in the income statement. The Company is subject to assessments by various taxation authorities, who may interpret tax legislation differently than the Company. Tax liabilities for uncertain tax positions are adjusted by the Company to reflect its best estimate of the probable outcome of assessments and in light of changing facts and circumstances, such as the completion of a tax audit, expiration of a statute of limitations, the refinement of an estimate, and interest accruals associated with the uncertain tax positions until they are resolved. Some of these adjustments require significant judgment in estimating the timing and amount of any additional tax expense. Royalties and Special Mining Taxes Income tax expense includes the cost of royalties and special mining taxes payable to governments that are calculated based on a percentage of taxable profit whereby taxable profit represents net income adjusted for certain items defined in the applicable legislation. Indirect Taxes Indirect tax recoverable is recorded at its undiscounted amount, and is disclosed as non-current if not expected to be recovered within twelve months. i) Other Investments Investments in publicly quoted equity securities that are neither subsidiaries nor associates are categorized as FVOCI pursuant to the irrevocable election available in IFRS 9 for these instruments. FVOCI equity investments are recorded at fair value with all realized and unrealized gains and losses recorded permanently in OCI. Warrant investments are classified as fair value through profit or loss (“FVPL”). j) Inventory Material extracted from our mines is classified as either ore or waste. Ore represents material that, at the time of extraction, we expect to process into a saleable form and sell at a profit. Raw materials are comprised of both ore in stockpiles and ore on leach pads as processing is required to extract benefit from the ore. Ore is accumulated in stockpiles that are subsequently processed into gold/copper in a saleable form. The recovery of gold and copper from certain oxide ores is achieved through the heap leaching process. Work in process represents gold/copper in the processing circuit that has not completed the production process, and is not yet in a saleable form. Finished goods inventory represents gold/copper in saleable form. Metal inventories are valued at the lower of cost and net realizable value. Cost is determined on a weighted average basis and includes all costs incurred, based on a normal production capacity, in bringing each product to its present location and condition. Cost of inventories comprises direct labor, materials and contractor expenses, including non-capitalized stripping costs; depreciation on PP&E including capitalized stripping costs; and an allocation of general and administrative costs. As ore is removed for processing, costs are removed based on the average cost per ounce/pound in the stockpile. Net realizable value is determined with reference to relevant market prices less applicable variable selling and processing costs. Mine operating supplies represent commodity consumables and other raw materials used in the production process, as well as spare parts and other maintenance supplies that are not classified as capital items. Provisions are recorded to reduce mine operating supplies to net realizable value, which is generally calculated by reference to its salvage or scrap value, when it is determined that the supplies are obsolete. Inventory provisions are reversed to reflect subsequent recoveries in net realizable value where the inventory is still on hand. k) Royalties Certain of our properties are subject to royalty arrangements based on mineral production at the properties. The primary type of royalty is a net smelter return (“NSR”) royalty. Under this type of royalty we pay the holder an amount calculated as the royalty percentage multiplied by the value of gold production at market gold prices less third-party smelting, refining and transportation costs. Royalty expense is recorded on completion of the production or sales process in cost of sales. Other types of royalties include: • Net profits interest (“NPI”) royalty to a party other than a government, • Modified net smelter return (“NSR”) royalty, • Net smelter return sliding scale (“NSRSS”) royalty, • Gross proceeds sliding scale (“GPSS”) royalty, • Gross smelter return (“GSR”) royalty, • Net value (“NV”) royalty, • Land tenement (“LT”) royalty, and a • Gold revenue royalty. l) Property, Plant and Equipment Estimated useful lives of Major Asset Categories Buildings, plant and equipment 1 - 38 years Underground mobile equipment 3 - 7 years Light vehicles and other mobile equipment 1 - 7 years Furniture, computer and office equipment 1 - 7 years Buildings, Plant and Equipment At acquisition, we record buildings, plant and equipment at cost, including all expenditures incurred to prepare an asset for its intended use. These expenditures consist of: the purchase price; brokers’ commissions; and installation costs including architectural, design and engineering fees, legal fees, survey costs, site preparation costs, freight charges, transportation insurance costs, duties, testing and preparation charges. Buildings, plant and equipment are depreciated on a straight-line basis over their expected useful life, which commences when the assets are considered available for use. Once buildings, plant and equipment are considered available for use, they are measured at cost less accumulated depreciation and applicable impairment losses. Depreciation on equipment utilized in the development of assets, including open pit and underground mine development, is recapitalized as development costs attributable to the related asset. Mineral Properties Mineral properties consist of: the fair value attributable to mineral reserves and resources acquired in a business combination or asset acquisition; underground mine development costs; open pit mine development costs; capitalized exploration and evaluation costs; and capitalized interest. In addition, we incur project costs which are generally capitalized when the expenditures result in a future benefit. i) Acquired Mining Properties On acquisition of a mining property, we prepare an estimate of the fair value attributable to the proven and probable mineral reserves, mineral resources and exploration potential attributable to the property. The estimated fair value attributable to the mineral reserves and the portion of mineral resources considered to be probable of economic extraction at the time of the acquisition is depreciated on a units of production (“UOP”) basis whereby the denominator is the proven and probable reserves and the portion of mineral resources considered to be probable of economic extraction based on the current life of mine (“LOM”) plan that benefit from the development and are considered probable of economic extraction. The estimated fair value attributable to mineral resources that are not considered to be probable of economic extraction at the time of the acquisition is not subject to depreciation until the resources become probable of economic extraction in the future. The estimated fair value attributable to exploration licenses is recorded as an intangible asset and is not subject to depreciation until the property enters production. ii) Underground Mine Development Costs At our underground mines, we incur development costs to build new shafts, drifts and ramps that will enable us to physically access ore underground. The time over which we will continue to incur these costs depends on the mine life. These underground development costs are capitalized as incurred. Capitalized underground development costs are depreciated on a UOP basis, whereby the denominator is the estimated ounces/pounds of gold/copper in proven and probable reserves and the portion of resources considered probable of economic extraction based on the current LOM plan that benefit from the development and are considered probable of economic extraction. iii) Open Pit Mine Development Costs In open pit mining operations, it is necessary to remove overburden and other waste materials to access ore from which minerals can be extracted economically. The process of mining overburden and waste materials is referred to as stripping. Stripping costs incurred in order to provide initial access to the ore body (referred to as pre-production stripping) are capitalized as open pit mine development costs. Pre-production stripping costs are capitalized until an “other than de minimis” level of mineral is extracted, after which time such costs are either capitalized to inventory or, if it qualifies as an open pit stripping activity that provides a future benefit, to PP&E. We consider various relevant criteria to assess when an “other than de minimis” level of mineral is produced. Some of the criteria considered would include, but are not limited to, the following: (1) the amount of minerals mined versus total ounces in ore expected over the LOM; (2) the amount of ore tonnes mined versus total LOM expected ore tonnes mined; (3) the current stripping ratio versus the strip ratio expected over the LOM; and (4) the ore grade mined versus the grade expected over the LOM. Stripping costs incurred during the production stage of an open pit are accounted for as costs of the inventory produced during the period that the stripping costs are incurred, unless these costs are expected to provide a future economic benefit to an identifiable component of the ore body. Components of the ore body are based on the distinct development phases identified by the mine planning engineers when determining the optimal development plan for the open pit. Production phase stripping costs generate a future economic benefit when the related stripping activity: (1) improves access to a component of the ore body to be mined in the future; (2) increases the fair value of the mine (or open pit) as access to future mineral reserves becomes less costly; and (3) increases the productive capacity or extends the productive life of the mine (or open pit). Production phase stripping costs that are expected to generate a future economic benefit are capitalized as open pit mine development costs. Capitalized open pit mine development costs are depreciated on a UOP basis whereby the denominator is the estimated ounces/pounds of gold/copper in proven and probable reserves and the portion of resources considered probable of economic extraction based on the current LOM plan that benefit from the development and are considered probable of economic extraction. Construction-in-Progress Assets under construction are capitalized as construction-in-progress until the asset is available for use. The cost of construction-in-progress comprises its purchase price and any costs directly attributable to bringing it into working condition for its intended use. Construction-in-progress amounts related to development projects are included in the carrying amount of the development project. Construction-in-progress amounts incurred at operating mines are presented as a separate asset within PP&E. Construction-in-progress also includes deposits on long lead items. Construction-in-progress is not depreciated. Depreciation commences once the asset is complete, commissioned and available for use. Capitalized Interest We capitalize interest costs for qualifying assets. Qualifying assets are assets that require a significant amount of time to prepare for their intended use, including projects that are in the exploration and evaluation, development or construction stages. Qualifying assets also include significant expansion projects at our operating mines. Capitalized interest costs are considered an element of the cost of the qualifying asset which is determined based on gross expenditures incurred on an asset. Capitalization ceases when the asset is substantially complete or if active development is suspended or ceases. Where the funds used to finance a qualifying asset form part of general borrowings, the amount capitalized is calculated using a weighted average of rates applicable to the relevant borrowings during the period. Where funds borrowed are directly attributable to a qualifying asset, the amount capitalized represents the borrowing costs specific to those borrowings. Where surplus funds available out of money borrowed specifically to finance a project are temporarily invested, the total capitalized interest is reduced by income generated from short-term investments of such funds. m) Impairment (and Reversals of Impairment) of Non-Current Assets We review and test the carrying amounts of PP&E and intangible assets with finite lives when an indicator of impairment is considered to exist. Impairment assessments on PP&E and intangible assets are conducted at the level of the cash generating unit (“CGU”), which is the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and includes most liabilities specific to the CGU. For operating mines and projects, the individual mine/project represents a CGU for impairment testing. The recoverable amount of a CGU is the higher of Value in Use (“VIU”) and Fair Value Less Costs of Disposal (“FVLCD”). We have determined that the FVLCD is greater than the VIU amounts and is therefore used as the recoverable amount for impairment testing purposes. An impairment loss is recognized for any excess of the carrying amount of a CGU over its recoverable amount where both the recoverable amount and carrying value include the associated other assets and liabilities, including taxes where applicable, of the CGU. Where it is not appropriate to allocate the loss to a separate asset, an impairment loss related to a CGU is allocated to the carrying amount of the assets of the CGU on a pro rata basis based on the carrying amount of its non-monetary assets. Impairment Reversal An assessment is made at each reporting date to determine whether there is an indication that previously recognized impairment losses may no longer exist or may have decreased. A previously recognized impairment loss is reversed only if there has been a change in the assumptions used to determine the CGU’s recoverable amount since the last impairment loss was recognized. This reversal is recognized in the consolidated statements of income and is limited to the carrying value that would have been determined, net of any depreciation where applicable, had no impairment charge been recognized in prior years. When an impairment reversal is undertaken, the recoverable amount is assessed by reference to the higher of VIU and FVLCD. We have determined that the FVLCD is greater than the VIU amounts and is therefore used as the recoverable amount for impairment testing purposes. n) Intangible Assets On acquisition of a mineral property in the exploration stage, we prepare an estimate of the fair value attributable to the exploration licenses acquired, including the fair value attributable to mineral resources, if any, of that property. The fair value of the exploration license is recorded as an intangible asset (acquired exploration potential) as at the date of acquisition. When an exploration stage property moves into development, the acquired exploration potential attributable to that property is transferred to mining interests within PP&E. We also have water rights associated with our mineral properties. Upon acquisition, they are measured at initial cost and are depreciated when they are being used. They are also subject to impairment testing when an indicator of impairment is considered to exist. o) Goodwill Goodwill is tested for impairment in the fourth quarter and also when there is an indicator of impairment. At the date of acquisition, goodwill is assigned to the CGU or group of CGUs that is expected to benefit from the synergies of the business combination. For the purposes of impairment testing, goodwill is allocated to the Company’s operating segments, which are our individual minesites, and corresponds to the level at which goodwill is internally monitored by the Chief Operating Decision Maker (“CODM”). Goodwill impairment charges are not reversible. p) Debt Debt is recognized initially at fair value, net of financing costs incurred, and subsequently measured at amortized cost. Any difference between the amounts originally received and the redemption value of the debt is recognized in the consolidated statements of income over the period to maturity using the effective interest method. q) Environmental Rehabilitation Provision Mining, extraction and processing activities normally give rise to obligations for environmental rehabilitation. Rehabilitation work can include facility decommissioning and dismantling; removal or treatment of waste materials; site and land rehabilitation, including compliance with and monitoring of environmental regulations; security and other site-related costs required to perform the rehabilitation work; and operation of equipment designed to reduce or eliminate environmental effects. The extent of work required and the associated costs are dependent on the requirements of relevant authorities and our environmental policies. Routine operating costs that may impact the ultimate closure and rehabilitation activities, such as waste material handling conducted as an integral part of a mining or production process, are not included in the provision. Abnormal costs arising from unforeseen circumstances, such as the contamination caused by unplanned discharges, are recognized as an expense and liability when the event that gives rise to an obligation occurs and reliable estimates of the required rehabilitation costs can be made. Provisions for the cost of each rehabilitation program are normally recognized at the time that an environmental disturbance occurs or

CRITICAL JUDGMENTS, ESTIMATES,

CRITICAL JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS	12 Months Ended
	Dec. 31, 2021
Accounting judgements and estimates [Abstract]
CRITICAL JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS	3 n Critical Judgments, Estimates, Assumptions and Risks Many of the amounts included in the consolidated balance sheet require management to make judgments and/or estimates. These judgments and estimates are continuously evaluated and are based on management’s experience and knowledge of the relevant facts and circumstances. Actual results may differ from the estimates. Information about such judgments and estimates is contained in the description of our accounting policies and/or other notes to the financial statements. The key areas where judgments, estimates and assumptions have been made are summarized below. Life of Mine (“LOM”) Plans and Reserves and Resources Estimates of the quantities of proven and probable mineral reserves and mineral resources form the basis for our LOM plans, which are used for a number of important business and accounting purposes, including: the calculation of depreciation expense; the capitalization of production phase stripping costs; the current/non-current classification of inventory; the recognition of deferred revenue related to streaming arrangements and forecasting the timing of the payments related to the environmental rehabilitation provision. In addition, the underlying LOM plans are used in the impairment tests for goodwill and non-current assets. In certain cases, these LOM plans have made assumptions about our ability to obtain the necessary permits required to complete the planned activities. We estimate our mineral reserves and resources based on information compiled by qualified persons as defined in accordance with the Canadian Securities Administrators’ National Instrument 43-101 - Standards of Disclosure for Mineral Projects requirements. To calculate our gold reserves, as at December 31, 2021, we have used a gold price assumption of $1,200 per ounce, consistent with the prior year. To calculate our measured, indicated, and inferred gold resources, as at December 31, 2021, we have used a gold price assumption of $1,500 per ounce, consistent with the prior year. Refer to notes 19 and 21. Inventory The measurement of inventory including the determination of its net realizable value, especially as it relates to ore in stockpiles, involves the use of estimates. Net realizable value is determined with reference to relevant market prices less applicable variable selling expenses. Estimation is also required in determining the tonnage, recoverable gold and copper contained therein, and in determining the remaining costs of completion to bring inventory into its saleable form. Judgment also exists in determining whether to recognize a provision for obsolescence on mine operating supplies, and estimates are required to determine salvage or scrap value of supplies. Estimates of recoverable gold or copper on the leach pads are calculated from the quantities of ore placed on the leach pads (measured tonnes added to the leach pads), the grade of ore placed on the leach pads (based on assay data) and a recovery percentage (based on ore type). Impairment and Reversal of Impairment for Non-Current Assets and Impairment of Goodwill Goodwill and non-current assets are tested for impairment if there is an indicator of impairment or reversal of impairment, and in the case of goodwill annually during the fourth quarter, for all of our operating segments. We consider both external and internal sources of information for indications that non-current assets and/or goodwill are impaired. External sources of information we consider include changes in the market, economic, legal and permitting environment in which the CGU operates that are not within its control and affect the recoverable amount of mining interests and goodwill. Internal sources of information we consider include the manner in which mining properties and plant and equipment are being used or are expected to be used and indications of economic performance of the assets. Calculating the FVLCD of CGUs for non-current asset and goodwill impairment tests requires management to make estimates and assumptions with respect to future production levels, operating, capital and closure costs in our LOM plans, future metal prices, foreign exchange rates, Net Asset Value (“NAV”) multiples, fair value of mineral resources outside LOM plans in relation to the assumptions related to comparable entities and the market values per ounce and per pound and weighted average costs of capital. Changes in any of the assumptions or estimates used in determining the fair values could impact the impairment analysis. Refer to notes 2m, 2o and 21 for further information. Provisions for Environmental Rehabilitation Management assesses its provision for environmental rehabilitation on an annual basis or when new information becomes available. This assessment includes the estimation of the future rehabilitation costs (including water treatment), the timing of these expenditures, and the impact of changes in discount rates and foreign exchange rates. The actual future expenditures may differ from the amounts currently provided if the estimates made are significantly different than actual results or if there are significant changes in environmental and/or regulatory requirements in the future. Refer to notes 2q and 27 for further information. Taxes Management is required to assess uncertainties and make judgments and estimations regarding the tax basis of assets and liabilities and related deferred income tax assets and liabilities, amounts recorded for uncertain tax positions, the measurement of income tax expense and indirect taxes such as royalties and export duties, and estimates of the timing of repatriation of earnings, which would impact the recognition of withholding taxes and taxes related to the outside basis on subsidiaries/associates. While these amounts represent management’s best estimate based on the laws and regulations that exist at the time of preparation, we operate in certain jurisdictions that have increased degrees of political and sovereign risk and while host governments have historically supported the development of natural resources by foreign companies, tax legislation in these jurisdictions is developing and there is a risk that fiscal reform changes with respect to existing investments could unexpectedly impact application of this tax legislation. Such changes could impact the Company’s judgments about the amounts recorded for uncertain tax positions, tax basis of assets and liabilities, and related deferred income tax assets and liabilities, and estimates of the timing of repatriation of earnings. This could necessitate future adjustments to tax income and expense already recorded. A number of these estimates require management to make estimates of future taxable profit, as well as the recoverability of indirect taxes, and if actual results are significantly different than our estimates, the ability to realize the deferred tax assets and indirect tax receivables recorded on our balance sheet could be impacted. Refer to notes 2h, 12, 30 and 35 for further information. Contingencies Contingencies can be either possible assets or possible liabilities arising from past events which, by their nature, will only be resolved 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. In assessing loss contingencies related to legal proceedings that are pending against us or unasserted claims that may result in such proceedings or regulatory or government actions that may negatively impact our business or operations, the Company with assistance from its legal counsel evaluates the perceived merits of any legal proceedings or unasserted claims or actions as well as the perceived merits of the nature and amount of relief sought or expected to be sought, when determining the amount, if any, to recognize as a contingent liability or assessing the impact on the carrying value of assets. If the assessment of a contingency suggests that a loss is probable, and the amount can be reliably estimated, then a loss is recorded. When a contingent loss is not probable but is reasonably possible, or is probable but the amount of loss cannot be reliably estimated, then details of the contingent loss are disclosed. Loss contingencies considered remote are generally not disclosed unless they involve guarantees, in which case we disclose the nature of the guarantee. Contingent assets are not recognized in the consolidated financial statements. Refer to note 35 for more information. Pascua-Lama Value Added Tax The Pascua-Lama project received $411 million as at December 31, 2021 ($459 million as at December 31, 2020) 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. In addition, we have recorded $48 million in VAT recoverable in Argentina as at December 31, 2021 ($53 million as at December 31, 2020) 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. Streaming Transactions The upfront cash deposit received from Royal Gold on the gold and silver streaming transaction for production linked to Barrick’s 60% interest in the Pueblo Viejo mine has been accounted for as deferred revenue since we have determined that it is not a derivative as it will be satisfied through the delivery of non-financial items (i.e., gold and silver) rather than cash or financial assets. It is our intention to settle the obligations under the streaming arrangement through our own production and if we were to fail to settle the obligations with Royal Gold through our own production, this would lead to the streaming arrangement becoming a derivative. This would cause a change to the accounting treatment, resulting in the revaluation of the fair value of the agreement through profit and loss on a recurring basis. Refer to note 29 for further details. The deferred revenue component of our streaming agreements is considered variable and is subject to retroactive adjustment when there is a change in the timing of the delivery of ounces or in the underlying production profile of the relevant mine. The impact of such a change in the timing or quantity of ounces to be delivered under a streaming agreement will result in retroactive adjustments to both the deferred revenue recognized and the accretion recorded prior to the date of the change. Refer to note 2e. For further details on streaming transactions, including our silver sale agreement with Wheaton Precious Metals Corp. (“Wheaton”), refer to note 29. 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 continue to enforce 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 commissioning of the Phase 6 leach pad was delayed to the second quarter of 2021 following movement restrictions implemented by the government of Argentina during the construction phase. Hemlo also experienced a slower ramp-up of underground development in 2021 due to Covid-19 movement restrictions which impacted production. 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 and associated disruptions may trigger actions such as reduced mining and production activities at our operations. This could have a material adverse effect on our cash flows, earnings, results of operations and financial position. Our sites have continued to produce and sell their production, with no significant disruptions to date other than Veladero and Hemlo, as noted above. Our ability to maintain production across our operations combined with increased market gold prices, has resulted in Barrick being able to deliver $4.4 billion in operating cash flow for the year ended December 31, 2021. Barrick has $5.3 billion in cash, an undrawn $3.0 billion credit facility and no significant debt repayments due until 2033, providing us with sufficient liquidity to manage through this period of uncertainty. Other Notes to the Financial Statements Note Acquisitions and Divestitures 4 Segment Information 5 Revenue 6 Cost of Sales 7 Exploration, Evaluation and Project Expenses 8 Other Expense (Income) 9 Impairment (Reversals) Charges 10 General and Administrative Expenses 11 Income Tax Expense 12 Earnings (Loss) Per Share 13 Finance Costs, Net 14 Cash Flow - Other Items 15 Investments 16 Inventories 17 Accounts Receivable and Other Current Assets 18 Property, Plant and Equipment 19 Goodwill and other Intangible Assets 20 Impairment and Reversal of Non-Current Assets 21 Other Assets 22 Accounts Payable 23 Other current Liabilities 24 Financial Instruments 25 Fair Value Measurements 26 Provisions 27 Financial Risk Management 28 Other Non-Current Liabilities 29 Deferred Income Taxes 30 Capital Stock 31 Non-Controlling Interests 32 Related Party Transactions 33 Stock-Based Compensation 34 Contingencies 35

ACQUISITIONS AND DIVESTITURES

ACQUISITIONS AND DIVESTITURES	12 Months Ended
	Dec. 31, 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 fixed period after closing for $16 million, plus a contingent payment of up to $15 million based on the two b) Acquisition of South Arturo Non-Controlling Interest On September 7, 2021, Barrick announced NGM had entered into a definitive asset exchange agreement (the "Exchange Agreement") with i-80 Gold Corp. ("i-80 Gold") to acquire the 40% interest in South Arturo that NGM did not already own, in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure, which were in care and maintenance at the time. The exchange transaction closed on October 14, 2021. The Exchange Agreement provides for payment to NGM of contingent consideration of up to $50 million based on mineral resources from the Lone Tree property. In connection with the asset exchange, NGM also entered into toll-milling agreements providing i-80 Gold with interim processing capacity at NGM’s autoclave facilities until the earlier of the three We assigned a fair value of $175 million to the transaction and recognized a gain of $205 million in the fourth quarter of 2021 in relation to the disposition of Lone Tree. Lone Tree was in a net liability position, which resulted in a gain that exceeded the fair value. In addition, we recognized a loss of $85 million in equity in the fourth quarter, representing our share of the difference between the carrying value of the South Arturo non-controlling interest and the fair value of the transaction. c) 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. d) Eskay Creek On August 4, 2020 Barrick entered into a definitive agreement with Skeena Resources Limited (“Skeena”) pursuant to which Skeena exercised its option to acquire the Eskay Creek project in British Columbia and Barrick waived its back-in right on the Eskay Creek project. The consideration under the definitive agreement consisted of: (i) the issuance by Skeena of 22,500,000 units (the “Units”), with each Unit comprising one common share of Skeena and one half of a warrant, with each whole warrant entitling Barrick to purchase one additional common share of Skeena at an exercise price of C$2.70 each until the second anniversary of the closing date; (ii) the grant of a 1% NSR royalty on the entire Eskay Creek land package; and (iii) a contingent payment of C$15 million payable during a 24-month period after closing. The transaction closed on October 5, 2020 and we recognized a gain of $59 million for the year ended December 31, 2020. e) Bullfrog On October 13, 2020, wholly-owned subsidiaries of Barrick and Bullfrog Gold Corp. (“Bullfrog”) entered into a definitive agreement pursuant to which Barrick agreed to sell to Bullfrog all of Barrick’s mining claims, historical resources, permits, rights of way and water rights in the Bullfrog mine area (the “Barrick Lands”). Consideration for the transaction consisted of (i) the issuance by Bullfrog of 54,600,000 units, with each unit comprising one common share of Bullfrog and one warrant entitling Barrick to purchase one additional common share of Bullfrog at an exercise price of C$0.30 each until the fourth anniversary of the closing date, and (ii) a 2% NSR royalty on all minerals produced from the Barrick Lands, subject to a maximum aggregate NSR royalty of 5.5% on any individual mining claim and a minimum 0.5% NSR royalty granted to Barrick on any individual mining claim. The transaction closed on October 26, 2020 and we recognized a gain of $22 million for the year ended December 31, 2020. f) Morila On November 10, 2020, Barrick and AngloGold Ashanti Limited completed the sale of our combined 80% interest in the Morila gold mine in Mali to Firefinch Limited (previously Mali Lithium Limited) for $28.8 million cash consideration. The State of Mali continues to hold the remaining 20% of the Morila gold mine. The consideration received was allocated against the interests that AngloGold Ashanti and Barrick held in Morila, as well as intercompany loans that Barrick held against Morila, and the transaction resulted in a gain for Barrick of $27 million for the year ended December 31, 2020.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Dec. 31, 2021
Operating Segments [Abstract]
SEGMENT INFORMATION	5 n Segment Information Barrick’s business is organized into eighteen minesites and one project. Barrick’s CODM (Mark Bristow, President and Chief Executive Officer) reviews the operating results, assesses performance and makes capital allocation decisions at the minesite, Company and/or project level. Each individual minesite and the Pascua-Lama project are operating segments for financial reporting purposes. Our presentation of our reportable operating segments consists of nine gold mines (Carlin, Cortez, Turquoise Ridge, Pueblo Viejo, Loulo-Gounkoto, Kibali, Veladero, 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 Statements of Income Information Cost of Sales For the year ended December 31, 2021 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $2,687 $1,175 $276 $22 $25 $1,189 Cortez 2 1,485 633 294 10 1 547 Turquoise Ridge 2 987 415 200 1 — 371 Pueblo Viejo 2 1,514 505 234 5 11 759 Loulo-Gounkoto 2 1,249 454 278 18 25 474 Kibali 661 232 141 5 5 278 Veladero 382 177 85 1 1 118 North Mara 2 552 240 56 — 2 254 Bulyanhulu 2 361 155 57 — 2 147 Other Mines 2 2,659 1,179 580 10 81 809 Reportable segment total $12,537 $5,165 $2,201 $72 $153 $4,946 Share of equity investee (661) (232) (141) (5) (5) (278) Segment total $11,876 $4,933 $2,060 $67 $148 $4,668 Consolidated Statements of Income Information Cost of Sales For the year ended December 31, 2020 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $2,952 $1,318 $306 $30 $1 $1,297 Cortez 2 1,409 543 222 12 4 628 Turquoise Ridge 2 960 391 184 7 3 375 Pueblo Viejo 2 1,613 511 224 11 (6) 873 Loulo-Gounkoto 2 1,208 452 267 11 29 449 Kibali 648 223 174 2 5 244 Veladero 333 144 69 — 6 114 North Mara 2 571 227 91 — (1) 254 Bulyanhulu 2 240 112 72 — 25 31 Other Mines 2 3,124 1,414 715 14 55 926 Reportable segment total $13,058 $5,335 $2,324 $87 $121 $5,191 Share of equity investee (648) (223) (174) (2) (5) (244) Segment total $12,410 $5,112 $2,150 $85 $116 $4,947 1 Includes accretion expense, which is included with finance costs in the consolidated statements of income. For the year ended December 31, 2021, accretion expense was $26 million (2020: $22 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income (loss) for the year ended December 31, 2021, for Pueblo Viejo, $617 million, $294 million, $318 million (2020: $660 million, $293 million, $365 million), Nevada Gold Mines, $2,362 million, $1,359 million, $991 million (2020: $2,432 million, $1,369 million, $1,036 million), North Mara, Bulyanhulu and Buzwagi, $159 million, $92 million, $63 million (2020: $194 million, $114 million, $76 million), Loulo-Gounkoto, $250 million, $146 million, $95 million (2020: $242 million, $144 million, $90 million) and Tongon, $38 million, $32 million, $5 million (2020: $52 million, $39 million, $14 million). Reconciliation of Segment Income to Income Before Income Taxes For the years ended December 31 2021 2020 Segment income $4,668 $4,947 Other revenue 109 185 Other cost of sales/amortization (96) (155) Exploration, evaluation and project expenses not attributable to segments (220) (210) General and administrative expenses (151) (185) Other income not attributable to segments 187 262 Impairment reversals 63 269 Loss on currency translation (29) (50) Closed mine rehabilitation (18) (90) Income from equity investees 446 288 Finance costs, net (includes non-segment accretion) 1 (329) (325) Gain on non-hedge derivatives 2 10 Income before income taxes $4,632 $4,946 1 Includes debt extinguishment losses of $nil (2020: $15 million losses). Geographic Information Non-current assets Revenue As at December 31, 2021 As at December 31, 2020 2021 2020 United States $16,355 $16,233 $6,134 $6,298 Mali 4,709 4,659 1,249 1,208 Dominican Republic 4,602 4,219 1,514 1,613 Democratic Republic of Congo 3,267 3,278 — — Chile 1,937 2,027 — — Zambia 1,793 1,720 962 697 Tanzania 1,767 1,703 993 1,214 Argentina 1,739 1,686 382 333 Canada 517 479 291 407 Saudi Arabia 382 369 — — Papua New Guinea 330 347 — 140 Côte d'Ivoire 191 266 369 508 Peru 113 186 91 177 Unallocated 939 1,253 — — Total $38,641 $38,425 $11,985 $12,595 Capital Expenditures Information Segment Capital Expenditures 1 As at December 31, 2021 As at December 31, 2020 Carlin $422 $395 Cortez 277 399 Turquoise Ridge 144 97 Pueblo Viejo 533 228 Loulo-Gounkoto 313 243 Kibali 70 53 Veladero 144 104 North Mara 93 89 Bulyanhulu 80 79 Other Mines 351 345 Reportable segment total $2,427 $2,032 Other items not allocated to segments 129 89 Total $2,556 $2,121 Share of equity investee (70) (53) Total $2,486 $2,068 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. In 2021, cash expenditures were $2,435 million (2020: $2,054 million) and the increase in accrued expenditures was $51 million (2020: $14 million increase).

REVENUE

REVENUE	12 Months Ended
	Dec. 31, 2021
Revenue [abstract]
Disclosure of revenue [text block]	6 n Revenue For the years ended December 31 2021 2020 Gold sales 1 Spot market sales $10,491 $11,129 Concentrate sales 246 520 Provisional pricing adjustments 1 21 $10,738 $11,670 Copper sales 1 Copper concentrate sales $915 $644 Provisional pricing adjustments 47 53 $962 $697 Other sales 2 $285 $228 Total $11,985 $12,595 1 Revenues include amounts transferred from OCI to earnings for commodity cash flow hedges. 2 Revenues from the sale of by-products from our gold and copper mines. For the year ended December 31, 2021, the Company has three customers that individually account for more than 10% of the Company’s total revenue. These customers represent approximately 24%, 13% and 10% of total revenue. However, because gold can be sold through numerous gold market traders worldwide (including a large number of financial institutions), the Company is not economically dependent on a limited number of customers for the sale of its product. Principal Products All of our gold mining operations produce gold in doré form, except Phoenix, Bulyanhulu and Porgera (until it was placed on care and maintenance in April 2020), which produce both gold doré and gold concentrate. Gold doré is unrefined gold bullion bars usually consisting of 90% gold that is refined to pure gold bullion prior to sale to our customers. Concentrate is a semi-processed product containing the valuable metal minerals from which most of the waste mineral has been eliminated. Our Lumwana mine produces a concentrate that primarily contains copper. Our Phoenix mine produces a concentrate that contains both gold and copper. Incidental revenues from the sale of by-products, primarily copper, silver and energy at our gold mines, are classified within other sales. Provisional Copper and Gold Sales We have provisionally priced sales for which price finalization, referenced to the relevant copper and gold index, is outstanding at the balance sheet date. Our exposure at December 31, 2021 to the impact of future movements in market commodity prices for provisionally priced sales is set out in the following table: Volumes subject to final pricing Impact on net income before taxation of 10% movement in market price As at December 31 2021 2020 2021 2020 Copper pounds 45 49 $20 $16 Gold ounces 41 22 8 4 At December 31, 2021, our provisionally priced copper sales subject to final settlement were recorded at an average price of $4.34/lb (2020: $3.17/lb). At December 31, 2021, our provisionally priced gold sales subject to final settlement were recorded at an average price of $1,819/oz (2020: $1,899/oz). The sensitivities in the above tables have been determined as the impact of a 10% change in commodity prices at each reporting date, while holding all other variables, including foreign currency exchange rates, constant.

COST OF SALES

COST OF SALES	12 Months Ended
	Dec. 31, 2021
Cost of sales [Abstract]
COST OF SALES	7 n Cost of Sales Gold Copper Other 4 Total For the years ended December 31 2021 2020 2021 2020 2021 2020 2021 2020 Site operating cost 1,2,3 $4,218 $4,421 $266 $292 $— $3 $4,484 $4,716 Depreciation 1 1,889 1,975 197 208 16 25 2,102 2,208 Royalty expense 371 410 103 54 — — 474 464 Community relations 26 26 3 2 — 1 29 29 Total $6,504 $6,832 $569 $556 $16 $29 $7,089 $7,417 1 Site operating costs and depreciation include charges to reduce the cost of inventory to net realizable value of $22 million (2020: $29 million). Refer to note 17. 2 Site operating costs includes the costs of extracting by-products. 3 Includes employee costs of $1,396 million (2020: $1,520 million). 4 Other includes corporate amortization.

EXPLORATION, EVALUATION AND PRO

EXPLORATION, EVALUATION AND PROJECT EXPENSES	12 Months Ended
	Dec. 31, 2021
Exploration for and evaluation of mineral resources [Abstract]
EXPLORATION, EVALUATION AND PROJECT EXPENSES	8 n Exploration, Evaluation and Project Expenses For the years ended December 31 2021 2020 Global exploration and evaluation 1 $122 $143 Project costs: Pascua-Lama 46 37 Other 39 27 Corporate development 16 9 Minesite exploration and evaluation 1 64 79 Total exploration, evaluation and project expenses $287 $295 1 Approximates the impact on operating cash flow.

OTHER EXPENSE (INCOME)

OTHER EXPENSE (INCOME)	12 Months Ended
	Dec. 31, 2021
Other expense (income) [Abstract]
OTHER EXPENSE (INCOME)	9 n Other Expense (Income) For the years ended December 31 2021 2020 Other Expense: Litigation costs $17 $19 Write-offs (reversals) 12 (1) Bulyanhulu reduced operations program costs 1 — 22 Bank charges 7 16 Porgera care and maintenance costs 51 51 Covid-19 donations — 24 Buzwagi supplies obsolescence 21 — Litigation settlements 25 — Other 17 20 Total other expense $150 $151 Other Income: Gain on sale of long-lived assets 2 ($213) ($180) Remeasurement of silver sale liability 3 — (104) Peru tax disputes settlement — 7 Loss (gain) on warrant investments at FVPL 16 (9) Gain on non-hedge derivatives (2) (10) Interest income on other assets (15) (21) Other (3) (12) Total other income ($217) ($329) Total ($67) ($178) 1 Primarily relates to care and maintenance costs. 2 2021 includes a gain of $205 million from the disposal of Lone Tree. 2020 includes a gain of $59 million from the sale of Eskay Creek, a gain of $54 million from the sale of Massawa, a gain of $27 million from the sale of Morila, and a gain of $22 million from the sale of Bullfrog. Refer to note 4 for further details.

IMPAIRMENT REVERSALS

IMPAIRMENT REVERSALS	12 Months Ended
	Dec. 31, 2021
Impairment of assets [Abstract]
Impairment (reversals) charges	10 n Impairment (Reversals) Charges For the years ended December 31 2021 2020 Impairment reversals of long-lived assets 1 ($63) ($281) Impairment of intangibles 1 — 12 Total ($63) ($269) 1 Refer to note 21 for further details.

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	12 Months Ended
	Dec. 31, 2021
General and administrative expenses [Abstract]
GENERAL AND ADMINISTRATIVE EXPENSES	11 n General and Administrative Expenses For the years ended December 31 2021 2020 Corporate administration $118 $118 Share-based compensation 33 67 Total 1 $151 $185 1 Includes employee costs of $101 million (2020: $128 million).

INCOME TAX EXPENSE

INCOME TAX EXPENSE	12 Months Ended
	Dec. 31, 2021
Income tax [Abstract]
Disclosure of income tax [text block]	12 n Income Tax Expense For the years ended December 31 2021 2020 Tax on profit Current tax Charge for the year $1,031 $1,122 Adjustment in respect of prior years 1 (32) 59 $999 $1,181 Deferred tax Origination and reversal of temporary differences in the current year $289 $263 Adjustment in respect of prior years 1 56 (112) $345 $151 Income tax expense $1,344 $1,332 Tax expense related to continuing operations Current Canada ($9) $14 International 1,008 1,167 $999 $1,181 Deferred Canada $38 ($6) International 307 157 $345 $151 Income tax expense $1,344 $1,332 1 Includes adjustments to equalize the difference between prior year's tax return and the year-end provision. The 2020 amount also includes a current tax expense and a deferred tax recovery from the resolution of all outstanding disputes between Barrick and the GoT. Reconciliation to Canadian Statutory Rate For the years ended December 31 2021 2020 At 26.5% statutory rate $1,228 $1,311 Increase (decrease) due to: Allowances and special tax deductions 1 (138) (151) Impact of foreign tax rates 2 (84) (32) Expenses not tax deductible 118 154 Taxable gains on sales of long-lived assets 24 — Net currency translation (gains) losses on current and deferred tax balances 23 (19) Tax impact from pass-through entities and equity accounted investments (330) (309) Current year tax gains not recognized (18) (9) Recognition and de-recognition of deferred tax assets (31) (61) Adjustments in respect of prior years 24 (53) Increase to income tax related contingent liabilities 19 42 Impact of tax rate changes 66 1 Withholding taxes 110 100 Mining taxes 323 383 Tax impact of amounts recognized within accumulated OCI 8 (21) Other items 2 (4) Income tax expense $1,344 $1,332 1 We are able to claim certain allowances, incentives and tax deductions unique to extractive industries that result in a lower effective tax rate. 2 We operate in multiple foreign tax jurisdictions that have tax rates different than the Canadian statutory rate. Currency Translation Current and 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 tax liabilities. In 2021, a tax expense of $23 million arose from translation losses on tax balances, mainly due to the weakening of the Argentine peso and the West African CFA franc against the US dollar. In 2020, a tax recovery of $19 million arose from translation losses and gains on tax balances due to the weakening of the Argentine peso and strengthening of the West African CFA franc, respectively, against the US dollar. These net translation losses (gains) are included within income tax expense (recovery). Nevada Mining Education 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 revenue generated by this new excise tax will be directed towards education. The new excise tax is a tiered tax, with the highest rate at 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 is treated as a gross receipts tax and not as a tax based on income subject to IAS 12. As a result, this new tax is 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 and thereafter. 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 the tax reform measures. Withholding Taxes In 2021, we have recorded $66 million of dividend withholding taxes related to the undistributed earnings of our subsidiaries in Argentina, Côte d'Ivoire, Saudi Arabia and the United States. We have also recorded $33 million (2020: $87 million related to Côte d’Ivoire, Tanzania and the United States) of dividend withholding taxes related to the distributed earnings of our subsidiaries in Argentina, Saudi Arabia 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. Mining Taxes In addition to corporate income tax, we pay mining taxes in the United States (Nevada), the Dominican Republic, Canada (Ontario) and Peru. Nevada Gold Mines is subject to a Net Proceeds of Minerals tax in Nevada at a rate of 5% and the tax expense recorded in 2021 was $136 million (2020: $149 million). Other significant mining taxes include the Dominican Republic’s Net Profits Interest tax, which is determined based on cash flows as defined by the Pueblo Viejo Special Lease Agreement. A tax expense of $180 million (2020: $212 million) was recorded for this in 2021. Both taxes are included on a consolidated basis in the Company's consolidated statements of income.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2021
Earnings per share [abstract]
EARNINGS PER SHARE	13 n Earnings (Loss) Per Share For the years ended December 31 ($ millions, except shares in millions and per share amounts in dollars) 2021 2020 Basic Diluted Basic Diluted Net income $3,288 $3,288 $3,614 $3,614 Net income attributable to non-controlling interests (1,266) (1,266) (1,290) (1,290) Net income attributable to the equity holders of Barrick Gold Corporation $2,022 $2,022 $2,324 $2,324 Weighted average shares outstanding 1,779 1,779 1,778 1,778 Basic and diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation $1.14 $1.14 $1.31 $1.31

FINANCE COSTS, NET

FINANCE COSTS, NET	12 Months Ended
	Dec. 31, 2021
Finance costs [Abstract]
FINANCE COSTS, NET	14 n Finance Costs, Net For the years ended December 31 2021 2020 Interest expense 1 $357 $342 Amortization of debt issue costs 1 2 Amortization of premium (1) (1) Interest on lease liabilities 5 5 Loss (gain) on interest rate hedges 3 (5) Interest capitalized 2 (16) (24) Accretion 48 41 Loss on debt extinguishment — 15 Finance income (42) (28) Total $355 $347 1 Interest in the consolidated statements of cash flow is presented on a cash basis. In 2021, cash interest paid was $303 million (2020: $295 million).

CASH FLOW _ OTHER ITEMS

CASH FLOW – OTHER ITEMS	12 Months Ended
	Dec. 31, 2021
Cash flow statement [Abstract]
CASH FLOW – OTHER ITEMS	15 n Cash Flow – Other Items Operating Cash Flows - Other Items For the years ended December 31 2021 2020 Adjustments for non-cash income statement items: Gain on non-hedge derivatives ($2) ($10) Stock-based compensation expense 81 87 Loss (gain) on warrant investments at FVPL 16 (9) Increase in estimate of rehabilitation costs at closed mines 18 90 Net inventory impairment charges (note 17) 13 29 Remeasurement of silver sale liability (note 29) — (104) Buzwagi supplies obsolescence 21 — Change in other assets and liabilities (120) (70) Settlement of stock-based compensation 1 (97) (97) Settlement of rehabilitation obligations (133) (106) Other operating activities ($203) ($190) Cash flow arising from changes in: Accounts receivable ($46) ($192) Inventory (163) 121 Other current assets (178) (133) Accounts payable 140 42 Other current liabilities 1 (26) (49) Change in working capital ($273) ($211) Financing Cash Flows - Other Items For the years ended December 31 2021 2020 Pueblo Viejo JV partner shareholder loan $131 $42 GoT shareholder loan (16) — Debt extinguishment costs — (15) Other — 1 Other financing activities $115 $28

INVESTMENTS

INVESTMENTS	12 Months Ended
	Dec. 31, 2021
Interests in other entities [Abstract]
INVESTMENTS	16 n Investments 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 from equity investees (140) — — (1) (141) Shareholder loan repayment/disbursements — (1) — (3) (4) At December 31, 2020 $3,279 $369 $967 $55 $4,670 Equity pick-up from equity investees 219 159 68 — 446 Dividends received from equity investees (231) (146) (142) (1) (520) Shareholder loan repayment — — — (2) (2) At December 31, 2021 $3,267 $382 $893 $52 $4,594 Summarized Equity Investee Financial Information Kibali Jabal Sayid Zaldívar For the years ended December 31 2021 2020 2021 2020 2021 2020 Revenue $1,469 $1,440 $597 $400 $847 $595 Cost of sales (excluding depreciation) 515 495 157 154 469 380 Depreciation 314 387 42 54 158 143 Finance expense (income) (1) (1) 1 — (4) 1 Other expense (income) 68 43 (5) 4 25 32 Income before income taxes $573 $516 $402 $188 $199 $39 Income tax expense (141) (94) (84) (40) (61) (15) Net income $432 $422 $318 $148 $138 $24 Total comprehensive income $432 $422 $318 $148 $138 $24 Summarized Balance Sheet Kibali Jabal Sayid Zaldívar For the years ended December 31 2021 2020 2021 2020 2021 2020 Cash and equivalents 1 $1,116 $944 $85 $71 $171 $271 Other current assets 2 298 131 178 68 493 392 Total current assets $1,414 $1,075 $263 $139 $664 $663 Non-current assets 2 4,310 4,559 419 429 2,031 2,123 Total assets $5,724 $5,634 $682 $568 $2,695 $2,786 Current financial liabilities (excluding trade, other payables & provisions) $16 $19 $13 $4 $84 $36 Other current liabilities 143 103 136 59 142 257 Total current liabilities $159 $122 $149 $63 $226 $293 Non-current financial liabilities (excluding trade, other payables & provisions) 68 42 — — 134 125 Other non-current liabilities 709 653 14 12 529 545 Total non-current liabilities $777 $695 $14 $12 $663 $670 Total liabilities $936 $817 $163 $75 $889 $963 Net assets $4,788 $4,817 $519 $493 $1,806 $1,823 1 Kibali cash and equivalents are subject to various steps before they can be distributed to the joint venture shareholders and are held across three banks in the Democratic Republic of Congo, including two domestic banks. 2 Zaldívar other current assets include inventory of $384 million (2020: $323 million). The 2020 figures have been updated to reflect a $284 million reclassification of short-term inventory to long-term inventory. The information above reflects the amounts presented in the financial information of the joint venture adjusted for differences between IFRS and local GAAP and fair value adjustments on acquisition of equity in investees. Reconciliation of Summarized Financial Information to Carrying Value Kibali Jabal Sayid Zaldívar Opening net assets $4,817 $493 $1,823 Income for the period 432 318 138 Dividends received from equity investees (461) (292) (285) Dividends declared in prior year and received in current year — — 130 Closing net assets, December 31 $4,788 $519 $1,806 Barrick's share of net assets 2,156 259 903 Equity earnings adjustment — — (10) Goodwill recognition 1,111 123 — Carrying value $3,267 $382 $893

INVENTORIES INVENTORIES

INVENTORIES INVENTORIES	12 Months Ended
	Dec. 31, 2021
Inventories [Abstract]
Disclosure of inventories [text block]	17 n Inventories Gold Copper As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 Raw materials Ore in stockpiles $2,587 $2,742 $174 $114 Ore on leach pads 663 591 — — Mine operating supplies 593 615 79 54 Work in process 108 117 — — Finished products 76 114 90 97 $4,027 $4,179 $343 $265 Non-current ore in stockpiles and on leach pads 1 (2,462) (2,452) (174) (114) $1,565 $1,727 $169 $151 1 Ore that we do not expect to process in the next 12 months is classified within other long-term assets. Inventory Impairment Charges For the years ended December 31 2021 2020 Cortez $22 $17 Phoenix — 10 Carlin — 2 Inventory impairment charges $22 $29 Ore in Stockpiles As at December 31, 2021 As at December 31, 2020 Gold Carlin $986 $1,029 Pueblo Viejo 674 646 Turquoise Ridge 405 365 Loulo-Gounkoto 161 171 North Mara 93 133 Cortez 81 127 Lagunas Norte — 73 Veladero 51 58 Phoenix 73 47 Tongon 33 33 Porgera 30 30 Buzwagi — 15 Hemlo — 14 Other — 1 Copper Lumwana 174 114 $2,761 $2,856 Ore on Leach pads As at December 31, 2021 As at December 31, 2020 Gold Carlin $209 $179 Veladero 196 133 Cortez 113 58 Long Canyon 77 33 Turquoise Ridge 41 39 Phoenix 23 26 Pierina 4 2 Lagunas Norte — 121 $663 $591 Purchase Commitments At December 31, 2021, we had purchase obligations for supplies and consumables of approximately $1,718 million (2020: $1,882 million).

ACCOUNTS RECEIVABLE AND OTHER C

ACCOUNTS RECEIVABLE AND OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021
Accounts receivable and other current assets [Abstract]
ACCOUNTS RECEIVABLE AND OTHER CURRENT ASSETS	18 n Accounts Receivable and Other Current Assets As at December 31, 2021 As at December 31, 2020 Accounts receivable Amounts due from concentrate sales $242 $265 Other receivables 381 293 $623 $558 Other current assets Value added taxes recoverable 1 319 208 Prepaid expenses 206 227 Other 2 87 84 $612 $519 1 Primarily includes VAT and fuel tax recoverables of $25 million in Mali, $90 million in Tanzania, $141 million in Zambia, $39 million in Argentina, and $11 million in the Dominican Republic (Dec. 31, 2020: $59 million, $35 million, $52 million, $37 million, and $11 million, respectively).

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
PROPERTY, PLANT AND EQUIPMENT	19 n Property, Plant, and Equipment Buildings, plant and equipment 1 Mining property costs subject to depreciation 2,4 Mining property costs not subject to depreciation 2,3 Total At January 1, 2021 Net of accumulated depreciation $7,473 $13,569 $3,586 $24,628 Additions 5 23 154 2,366 2,543 Capitalized interest — — 16 16 Divestiture (50) (2) (1) (53) Disposals (7) (1) (10) (18) Depreciation (1,139) (1,053) — (2,192) Impairment reversals (impairments) 42 (13) 1 30 Transfers 6 194 1,831 (2,025) — At December 31, 2021 $6,536 $14,485 $3,933 $24,954 At December 31, 2021 Cost $17,237 $31,824 $15,876 $64,937 Accumulated depreciation and impairments (10,701) (17,339) (11,943) (39,983) Net carrying amount – December 31, 2021 $6,536 $14,485 $3,933 $24,954 Buildings, plant and equipment 1 Mining property costs subject to depreciation 2,4 Mining property costs not subject to depreciation 2,3 Total At January 1, 2020 Cost $18,544 $27,268 $16,050 $61,862 Accumulated depreciation and impairments (10,791) (14,980) (11,950) (37,721) Net carrying amount – January 1, 2020 $7,753 $12,288 $4,100 $24,141 Additions 5 10 259 1,919 2,188 Capitalized interest — — 24 24 Disposals (24) (1) (12) (37) Depreciation (1,219) (1,146) — (2,365) Impairment reversals 260 412 5 677 Transfers 6 693 1,757 (2,450) — At December 31, 2020 $7,473 $13,569 $3,586 $24,628 At December 31, 2020 Cost $18,361 $29,901 $15,531 $63,793 Accumulated depreciation and impairments (10,888) (16,332) (11,945) (39,165) Net carrying amount – December 31, 2020 $7,473 $13,569 $3,586 $24,628 1 Additions include $22 million of right-of-use assets for lease arrangements entered into during the year ended December 31, 2021 (2020: $4 million). Depreciation includes depreciation for leased right-of-use assets of $18 million for the year ended December 31, 2021 (2020: $21 million). The net carrying amount of leased right-of-use assets was $53 million as at December 31, 2021 (2020: $50 million). 2 Includes capitalized reserve acquisition costs, capitalized development costs and capitalized exploration and evaluation costs other than exploration license costs included in intangible assets. 3 Assets not subject to depreciation include construction-in-progress, projects and acquired mineral resources and exploration potential at operating minesites and development projects. 4 Assets subject to depreciation include the following items for production stage properties: acquired mineral reserves and resources, capitalized mine development costs, capitalized stripping and capitalized exploration and evaluation costs. 5 Additions include revisions to the capitalized cost of closure and rehabilitation activities. 6 Primarily relates to long-lived assets that are transferred between categories within PP&E once they are placed into service. a) Mineral Property Costs Not Subject to Depreciation Carrying amount at Dec. 31, 2021 Carrying amount at Dec. 31, 2020 Construction-in-progress 1 $2,114 $1,208 Acquired mineral resources and exploration potential 165 786 Projects Pascua-Lama 780 741 Norte Abierto 662 653 Donlin Gold 212 198 $3,933 $3,586 1 Represents assets under construction at our operating minesites. b) Changes in Gold and Copper Mineral Life of Mine Plan As part of our annual business cycle, we prepare updated estimates of proven and probable gold and copper mineral reserves and the portion of resources considered probable of economic extraction for each mineral property. This forms the basis for our LOM plans. We prospectively revise calculations of amortization expense for property, plant and equipment amortized using the UOP method, where the denominator is our LOM ounces. The effect of changes in our LOM on amortization expense for 2021 was a $128 million decrease (2020: $170 million decrease). c) Capital Commitments In addition to entering into various operational commitments in the normal course of business, we had commitments of approximately $443 million at December 31, 2021 (2020: $223 million) for construction activities at our sites and projects. d) Other Lease Disclosure The Company leases various buildings, plant and equipment as part of the normal course of operations. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. Refer to note 25 for a lease maturity analysis. Included in net income for 2021 are short-term payments and variable lease payments not included in the measurement of lease liabilities of $10 million (2020: $14 million) and $67 million (2020: $35 million), respectively.

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2021
Goodwill and other intangible assets [Abstract]
GOODWILL AND OTHER INTANGIBLE ASSETS	20 n Goodwill and Other Intangible Assets a) Intangible Assets Water rights 1 Technology 2 Supply contracts 3 Exploration potential 4 Total Opening balance January 1, 2020 $72 $7 $7 $140 $226 Additions — — — 5 5 Disposals (5) — — (41) (46) Amortization and impairment losses — (1) (3) (12) (16) Closing balance December 31, 2020 $67 $6 $4 $92 $169 Disposals 5 (6) — — (10) (16) Amortization and impairment losses — — (3) — (3) Closing balance December 31, 2021 $61 $6 $1 $82 $150 Cost $61 $17 $39 $252 $369 Accumulated amortization and impairment losses — (11) (38) (170) (219) Net carrying amount December 31, 2021 $61 $6 $1 $82 $150 1 Relates to water rights in South America, and will be amortized through cost of sales when we begin using these in the future. 2 The amount is amortized through cost of sales using the UOP method over LOM ounces of the Pueblo Viejo mine, with no assumed residual value. 3 Relates to a supply agreement with Michelin North America Inc. to secure a supply of tires and is amortized over the effective term of the contract through cost of sales. 4 Exploration potential consists of the estimated fair value attributable to exploration licenses acquired as a result of a business combination or asset acquisition. The carrying value of the licenses will be transferred to PP&E when the development of attributable mineral resources commences. 5 Exploration potential disposals relate to the sale of Acacia exploration properties. b) Goodwill Closing balance December 31, 2020 Additions Disposals Closing balance December 31, 2021 Carlin $1,294 $— $— $1,294 Cortez 1 899 — — 899 Turquoise Ridge 722 — — 722 Phoenix 119 — — 119 Hemlo 63 — — 63 Loulo-Gounkoto 1,672 — — 1,672 Total $4,769 $— $— $4,769 1 Starting in Q1 2021, Goldrush is included as part of Cortez as the CODM began reviewing the operating results and assessing performance on a combined level. The goodwill of Cortez and Goldrush has been combined and the prior period has been changed to reflect this presentation. On a total basis, the gross amount and accumulated impairment losses are as follows: Cost $12,211 Accumulated impairment losses December 31, 2021 (7,442) Net carrying amount December 31, 2021 $4,769

IMPAIRMENT AND REVERSAL OF NON-

IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS	12 Months Ended
	Dec. 31, 2021
Impairment of assets [Abstract]
IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS	21 n Impairment and Reversal of Non-Current Assets Summary of impairments (reversals) For the year ended December 31, 2021, we recorded net impairment reversals of $63 million (2020: net impairment reversals of $269 million) for non-current assets, as summarized in the following table: For the years ended December 31 2021 2020 Tanzania $5 ($304) Cortez — 10 Pueblo Viejo (7) 5 Lagunas Norte (86) — Golden Sunlight 15 — Hemlo 5 — Intangible assets — 12 Other 5 8 Total impairment (reversals) losses of long-lived assets ($63) ($269) 2021 Indicators of Impairment and Reversals In the fourth quarter of 2021, as per our policy, we performed our annual goodwill impairment test as required by IAS 36 and identified no impairments. Also in the fourth quarter of 2021, we reviewed the updated LOM plans for our other operating minesites for indicators of impairment or reversal. We noted an indicator of impairment at Long Canyon and an indicator of impairment reversal at Lumwana. Long Canyon The delayed timing of permitting activities and an updated geological model resulting in lower production over the LOM plan represented impairment triggers in the fourth quarter of 2021. We have performed an analysis and concluded that the carrying amount remains recoverable under the revised LOM plan. The key assumptions used in this assessment are consistent with our testing of goodwill impairment in the fourth quarter of 2021, as listed below. Lumwana In the fourth quarter of 2021, the Zambian government enacted amendments to the income tax laws, effective January 1, 2022, which allow for the deductibility of royalties when calculating income tax. We determined that this was an indicator of an impairment reversal, therefore we performed an analysis of the FVLCD and concluded that no reversal was appropriate at this time. First Quarter 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 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 all definitive agreements, which are currently being negotiated, have been signed. We have determined that the carrying value of our 47.5% share of Porgera ($299 million as at December 31, 2021) remains recoverable and there is no impairment loss to recognize. The ultimate resolution of this dispute may differ from this assumption and there is no certainty that the carrying value will remain recoverable. Refer to note 35 for more information. 2020 Indicators of Impairment and Reversals Fourth Quarter 2020 In the fourth quarter of 2020, as per our policy, we performed our annual goodwill impairment test as required by IAS 36 and identified no impairments. Also in the fourth quarter of 2020, we reviewed the updated LOM plans for our other operating minesites for indicators of impairment or reversal. We noted one indicator of impairment at Veladero and no indicators of impairment reversal. Veladero In December 2020, Veladero began a transition to a new heap leach valley facility to process subsequent phases of the open pit. During the transition phase, heap leach processing operations at Veladero were reduced until the Phase 6 leach pad expansion was commissioned later in 2021. We performed an analysis and concluded that the carrying amount remains recoverable under the revised LOM plan. The key assumptions used in this assessment were consistent with our testing of goodwill impairment in the fourth quarter of 2020, as listed below. Porgera As described in note 35, on April 24, 2020, we received communication from the Government of Papua New Guinea that the Special Mining Lease will not be extended, and therefore Porgera was placed on temporary care and maintenance on April 25, 2020. We have performed an analysis and concluded that the carrying value of our 47.5% share of Porgera ($297 million as at December 31, 2020) remains recoverable. The ultimate resolution of this dispute may differ from this assumption and there is no certainty that the carrying value will remain recoverable. Tanzania On January 24, 2020, Barrick formalized the establishment of a joint venture between Barrick and the GoT and resolution of all outstanding disputes between Barrick and the GoT, including the lifting of the previous concentrate export ban, effective immediately. Effective January 1, 2020, the GoT received a free carried shareholding of 16% in each of the Tanzania mines (Bulyanhulu, Buzwagi and North Mara), a 16% interest in the shareholder loans owed by the operating companies and will receive half of the economic benefits from the Tanzanian operations from taxes, royalties, clearing fees and participation in all cash distributions made by the mines, after the recoupment of capital investments. We have determined this to be an indicator of impairment reversal, as the resolution of the long-standing dispute has led to a decrease in the risk adjustment previously included in the weighted average cost of capital ("WACC") and the removal of the estimated impact of the previously anticipated issuance of the equity to the GoT. The key assumptions and estimates used in determining the FVLCD are a short-term gold price of $1,350 per ounce, long-term gold price of $1,300 per ounce, NAV multiples of 1.1-1.3 and a WACC of 5.4%-6.2%. Management assumed the resumption of concentrate sales and exports commencing in the second quarter of 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 2020 of $663 million at Bulyanhulu and $46 million at North Mara, based on a FVLCD of $1,237 million and $967 million, respectively. No impairment reversal was recognized at Buzwagi. Similar assumptions were also used to determine the fair value of 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 $304 million net impairment reversal on the consolidated statement of income. Key Assumptions Recoverable amount has been determined based on the estimated FVLCD, which has been determined to be greater than the VIU amounts. The key assumptions and estimates used in determining the FVLCD are related to future metal prices, weighted average costs of capital, NAV multiples for gold assets, operating costs, exchange rates, capital expenditures, closure costs, future production levels, continued license to operate, evidence of value from current year disposals and the expected start of production for our projects. In addition, assumptions are related to observable market evaluation metrics, including identification of comparable entities, and associated market values per ounce and per pound of reserves and/or resources, as well as the fair value of mineral resources outside of LOM plans. Gold For the gold segments where a recoverable amount was required to be determined, FVLCD was determined by calculating the net present value (“NPV”) of the future cash flows expected to be generated by the mines and projects within the CGU (Level 3 of the fair value hierarchy). The estimates of future cash flows were derived from the most recent LOM plans and, where the LOM plans exclude a material portion of total reserves and resources, we assign value to reserves and resources not considered in these models. Based on observable market or publicly available data, including forward prices and equity sell-side analyst forecasts, we make an assumption of future gold and silver prices to estimate future revenues. The future cash flows for each gold mine are discounted using a real WACC, which reflects specific market risk factors for each mine. Some gold companies trade at a market capitalization greater than the NPV of their expected cash flows. Market participants describe this as a “NAV multiple”, which represents the multiple applied to the NPV to arrive at the trading price. The NAV multiple is generally understood to take account of a variety of additional value factors such as the exploration potential of the mineral property, namely the ability to find and produce more metal than what is currently included in the LOM plan or reserve and resource estimates, and the benefit of gold price optionality. As a result, we applied a specific NAV multiple to the NPV of each CGU within each gold segment based on the NAV multiples observed in the market in recent periods and that we judged to be appropriate to the CGU. Assumptions The short-term and long-term gold price assumptions used in our fourth quarter 2021 impairment testing are $1,700 and $1,500 per ounce, respectively. The short-term and long-term gold price assumptions used in our fourth quarter 2020 impairment testing were $1,700 and $1,400 per ounce, respectively. The increase in the long-term gold price assumption from 2020 was not considered an indicator of impairment reversal as the increased price would not, in isolation, have resulted in the identification of an impairment reversal at our mines with reversible impairments. The other key assumptions used in our impairment testing, based on the CGUs tested in each year, are summarized in the table below: 2021 2020 Copper price per lb (long-term) $3.00 $3.00 WACC - gold (range) 3%-8% 3%-12% WACC - gold (avg) 4 % 5 % WACC - copper 12 % n/a NAV multiple - gold (avg) 1.2 1.3 LOM years - gold (avg) 19 20 Sensitivities Should there be a significant increase or decline in commodity prices, we would take actions to assess the implications on our LOM plans, including the determination of reserves and resources, and the appropriate cost structure for the CGU. The recoverable amount of the CGU would be affected by these changes and also be impacted by other market factors such as changes in NAV multiples and the value per ounce/pound of comparable market entities. We performed a sensitivity analysis on each gold CGU that was tested as part of the goodwill impairment test, as well as those gold CGUs which we believe are most sensitive to changes in the key assumptions. We flexed the gold prices and the WACC, which are the most significant assumptions that impact the impairment calculations. We first assumed a +/- $100 per ounce change in our gold price assumptions, while holding all other assumptions constant. We then assumed a +/-1% change in our WACC, independent from the change in gold prices, while holding all other assumptions constant. Finally, we assumed a +/- 0.1 change in the NAV multiple, while holding all other assumptions constant. These sensitivities help to determine the theoretical impairment losses or impairment reversals that would be recorded with these changes in gold prices, WACC and NAV multiple. If the gold price per ounce was decreased by $100, the following impairments would be recognized: a goodwill impairment of $329 million at Loulo-Gounkoto and a non-current asset impairment of $134 million at Veladero. If the NAV multiple was decreased by 0.1, a non-current asset impairment of $91 million would be recognized at Veladero. We also performed a sensitivity analysis on the Lumwana CGU. We flexed the copper prices and the WACC, which are the most significant assumptions that impact the impairment calculations. We first assumed a +/- $0.25 per pound change in our copper price assumptions, while holding all other assumptions constant. We then assumed a +/-1% change in our WACC, independent from the change in copper prices, while holding all other assumptions constant. These sensitivities help to determine the theoretical impairment losses or impairment reversals that would be recorded with these changes in copper prices and WACC. If the copper price per pound was decreased by $0.25, a non-current asset impairment of $393 million would be recognized. If the copper price per pound was increased by $0.25, a non-current asset impairment reversal of $351 million would be recognized. The carrying value of the CGUs that are most sensitive to changes in the key assumptions used in the FVLCD calculation are: As at December 31, 2021 Carrying Value Loulo-Gounkoto $4,214 Lumwana 1,578 Veladero 774 Long Canyon 495

OTHER ASSETS

OTHER ASSETS	12 Months Ended
	Dec. 31, 2021
Other assets [Abstract]
OTHER ASSETS	22 n Other Assets As at December 31, 2021 As at December 31, 2020 Value added taxes receivable 1 $199 $193 Other investments 2 414 428 Notes receivable 3 123 154 Norte Abierto JV Partner Receivable 150 193 Restricted cash 4 147 146 Prepayments 5 253 161 Derivative assets 6 53 40 Other 170 148 $1,509 $1,463 1 Includes VAT and fuel tax receivables of $47 million in Argentina, $94 million in Tanzania and $58 million in Chile (Dec. 31, 2020: $52 million, $79 million and $61 million, respectively). 2 Includes equity investments in other mining companies. 3 Primarily represents the interest bearing promissory note due from NovaGold. 4 Primarily represents the cash balance at Pueblo Viejo that is contractually restricted in respect of disbursements for environmental rehabilitation that are expected to occur near the end of Pueblo Viejo’s mine life. 5 Primarily relates to prepaid royalties at Carlin and Pueblo Viejo.

ACCOUNTS PAYABLE

ACCOUNTS PAYABLE	12 Months Ended
	Dec. 31, 2021
Trade and other payables [abstract]
ACCOUNTS PAYABLE	23 n Accounts Payable As at December 31, 2021 As at December 31, 2020 Accounts payable $539 $929 Accruals 909 529 $1,448 $1,458

OTHER CURRENT LIABILITIES

OTHER CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2021
Miscellaneous current liabilities [abstract]
OTHER CURRENT LIABILITIES	24 n Other Current Liabilities As at December 31, 2021 As at December 31, 2020 Provision for environmental rehabilitation (note 27b) $166 $131 Deposit on Pueblo Viejo gold and silver streaming agreement 43 47 Share-based payments (note 34a) 57 67 Pueblo Viejo JV partner shareholder loan 9 — Other 63 61 $338 $306

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2021
Financial instruments [Abstract]
FINANCIAL INSTRUMENTS	25 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 entity to deliver/receive cash or another financial instrument. Information on certain types of financial instruments is included elsewhere in these consolidated financial statements as follows: accounts receivable (note 18); restricted share units (note 34a). a) Cash and Equivalents Cash and equivalents include cash, term deposits, treasury bills and money market investments with original maturities of less than 90 days. As at December 31, 2021 As at December 31, 2020 Cash deposits $3,691 $3,713 Term deposits 1,582 1,469 Money market investments 7 6 $5,280 $5,188 Of total cash and cash equivalents as of December 31, 2021, $nil (2020: $nil) was held in subsidiaries which have regulatory regulations, contractual restrictions or operate in countries where exchange controls and other legal restrictions apply and are therefore not available for general use by the Company. b) Debt and Interest 1 Closing balance December 31, 2020 Proceeds Repayments Amortization and other 2 Closing balance December 31, 2021 5.7% notes 3,10 $842 $— $— $1 $843 5.25% notes 4 744 — — — 744 5.80% notes 5,10 395 — — — 395 6.35% notes 6,10 594 — — — 594 Other fixed rate notes 7,10 1,081 — — 1 1,082 Leases 8 66 — (20) 22 68 Other debt obligations 590 — (7) (2) 581 5.75% notes 9,10 843 — — — 843 $5,155 $— ($27) $22 $5,150 Less: current portion 12 (20) — — — (15) $5,135 $— ($27) $22 $5,135 Closing balance December 31, 2019 Proceeds Repayments Amortization and other 2 Closing balance December 31, 2020 5.7% notes 3,10 $842 $— $— $— $842 3.85%/5.25% notes 4 1,079 — (337) 2 744 5.80% notes 5,10 395 — — — 395 6.35% notes 6,10 594 — — — 594 Other fixed rate notes 7,10 1,080 — — 1 1,081 Leases 8 96 — (26) (4) 66 Other debt obligations 594 — (2) (2) 590 5.75% notes 9,10 842 — — 1 843 Acacia credit facility 11 14 — (14) — — $5,536 $— ($379) ($2) $5,155 Less: current portion 12 (375) — — — (20) $5,161 $— ($379) ($2) $5,135 1 The agreements that govern our long-term debt each contain various provisions which are not summarized herein. These provisions allow Barrick, at its option, to redeem indebtedness prior to maturity at specified prices and also may permit redemption of debt by Barrick upon the occurrence of certain specified changes in tax legislation. 2 Amortization of debt premium/discount and increases (decreases) in capital leases. 3 Consists of $850 million (2020: $850 million) of our wholly-owned subsidiary Barrick North America Finance LLC (“BNAF”) notes due 2041. 4 Consists of $750 million (2020: $750 million) of 5.25% notes which mature in 2042. 5 Consists of $400 million (2020: $400 million) of 5.80% notes which mature in 2034. 6 Consists of $600 million (2020: $600 million) of 6.35% notes which mature in 2036. 7 Consists of $1.1 billion (2020: $1.1 billion) in conjunction with our wholly-owned subsidiary BNAF and our wholly-owned subsidiary Barrick (PD) Australia Finance Pty Ltd. (“BPDAF”). This consists of $250 million (2020: $250 million) of BNAF notes due 2038 and $850 million (2020: $850 million) of BPDAF notes due 2039. 8 Consists primarily of leases at Nevada Gold Mines, $18 million, Loulo-Gounkoto, $25 million, Lumwana, $6 million, Hemlo, $4 million, Pascua-Lama, $2 million and Tongon, $4 million (2020: $18 million, $28 million, $8 million, $2 million, $2 million and $4 million, respectively). 9 Consists of $850 million (2020: $850 million) in conjunction with our wholly-owned subsidiary BNAF. 10 We provide an unconditional and irrevocable guarantee on all BNAF, BPDAF, Barrick Gold Finance Company (“BGFC”), and Barrick (HMC) Mining (“BHMC”) notes and generally provide such guarantees on all BNAF, BPDAF, BGFC, and BHMC notes issued, which rank equally with our other unsecured and unsubordinated obligations. 11 Consists of an export credit backed term loan facility. 12 The current portion of long-term debt consists of leases ($15 million; 2020: $13 million), and other debt obligations ($nil; 2020: $7 million). 5.7% Notes In June 2011, BNAF issued an aggregate of $4.0 billion in debt securities consisting of $850 million of 5.70% notes that mature in 2041 issued by BNAF (collectively, the “BNAF Notes”). Barrick provides an unconditional and irrevocable guarantee of the BNAF Notes, which rank equally with Barrick’s other unsecured and unsubordinated obligations. 3.85% and 5.25% Notes On April 3, 2012, we issued an aggregate of $2 billion in debt securities comprised of $1.25 billion of 3.85% notes that mature in 2022 and $750 million of 5.25% notes that mature in 2042. During 2015, $913 million of the 3.85% notes was repaid. On January 31, 2020, the remaining $337 million of the 3.85% notes was repaid. Other Fixed Rate Notes On October 16, 2009, we issued debentures through our wholly-owned indirect subsidiary BPDAF consisting of $850 million of 30-year notes with a coupon rate of 5.95%. We also provide an unconditional and irrevocable guarantee of these payments, which rank equally with our other unsecured and unsubordinated obligations. In September 2008, we issued an aggregate of $1.25 billion of notes through our wholly-owned indirect subsidiaries BNAF and BGFC consisting of $250 million of 30-year notes with a coupon rate of 7.5%. We also provide an unconditional and irrevocable guarantee of these payments, which rank equally with our other unsecured and unsubordinated obligations. 5.75% Notes On May 2, 2013, we issued an aggregate of $3 billion in notes through Barrick and our wholly-owned indirect subsidiary BNAF consisting of $850 million of 5.75% notes issued by BNAF that mature in 2043. $2 billion of the net proceeds from this offering was used to repay amounts outstanding under our revolving credit facility at that time. We provide an unconditional and irrevocable guarantee on the $850 million of 5.75% notes issued by BNAF, which rank equally with our other unsecured and unsubordinated obligations. Amendment and Refinancing of the Credit Facility 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. The replacement of LIBOR is not expected to have an impact on the consolidated financial statements. 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 December 31, 2021. Acacia Credit Facility In January 2013, Acacia concluded negotiations with a group of commercial banks for the provision of an export credit backed term loan facility (the “Facility”) for the amount of $142 million. The Facility was put in place to fund a substantial portion of the construction costs of the carbon in leach (“CIL”) circuit at the process plant at Bulyanhulu. The Facility had a term of seven two Interest 2021 2020 For the years ended December 31 Interest cost Effective rate 1 Interest cost Effective rate 1 5.7% notes $49 5.74 % $49 5.73 % 3.85%/5.25% notes 40 5.29 % 41 5.31 % 5.80% notes 23 5.85 % 23 5.84 % 6.35% notes 38 6.41 % 38 6.39 % Other fixed rate notes 70 6.38 % 70 6.38 % Leases 5 7.66 % 5 6.09 % Other debt obligations 35 6.25 % 34 6.16 % 5.75% notes 49 5.79 % 49 5.77 % Deposits on Pascua-Lama silver sale agreement (note 29) 4 2.82 % 1 0.53 % Deposits on Pueblo Viejo gold and silver streaming agreement (note 29) 31 6.24 % 33 6.44 % Other interest 21 — $365 $343 Less: interest capitalized (16) (24) $349 $319 1 The effective rate includes the stated interest rate under the debt agreement, amortization of debt issue costs and debt discount/premium and the impact of interest rate contracts designated in a hedging relationship with debt. Scheduled Debt Repayments 1 Issuer Maturity Year 2022 2023 2024 2025 2026 2027 and thereafter Total 7.73% notes 2 BGC 2025 $— $— $— $7 $— $— $7 7.70% notes 2 BGC 2025 — — — 5 — — 5 7.37% notes 2 BGC 2026 — — — — 32 — 32 8.05% notes 2 BGC 2026 — — — — 15 — 15 6.38% notes 2 BGC 2033 — — — — — 200 200 5.80% notes BGC 2034 — — — — — 200 200 5.80% notes BGFC 2034 — — — — — 200 200 6.45% notes 2 BGC 2035 — — — — — 300 300 6.35% notes BHMC 2036 — — — — — 600 600 7.50% notes 3 BNAF 2038 — — — — — 250 250 5.95% notes 3 BPDAF 2039 — — — — — 850 850 5.70% notes BNAF 2041 — — — — — 850 850 5.25% notes BGC 2042 — — — — — 750 750 5.75% notes BNAF 2043 — — — — — 850 850 $— $— $— $12 $47 $5,050 $5,109 Minimum annual payments under leases $15 $12 $5 $5 $3 $27 $67 1 This table illustrates the contractual undiscounted cash flows, and may not agree with the amounts disclosed in the consolidated balance sheet. 2 Included in Other debt obligations in the Long-Term Debt table. 3 Included in Other fixed rate notes in the Long-Term Debt table. In the normal course of business, our assets, liabilities and forecasted transactions, as reported in US dollars, are impacted by various market risks including, but not limited to: Item Impacted by ● Revenue ● Prices of gold, silver and copper ● Cost of sales o Consumption of diesel fuel, propane, natural gas, and electricity o Prices of diesel fuel, propane, natural gas, and electricity o Non-US dollar expenditures o Currency exchange rates - US dollar versus A$, ARS, C$, CLP, DOP, EUR, PGK, TZS, XOF, ZAR and ZMW ● General and administration, exploration and evaluation costs ● Currency exchange rates - US dollar versus A$, ARS, C$, CLP, DOP, GBP, PGK, TZS, XOF, ZAR, and ZMW ● Capital expenditures o Non-US dollar capital expenditures o Currency exchange rates - US dollar versus A$, ARS, C$, CLP, DOP, EUR, GBP, PGK, XOF, ZAR, and ZMW o Consumption of steel o Price of steel ● Interest earned on cash and equivalents ● US dollar interest rates ● Interest paid on fixed-rate borrowings ● US dollar interest rates The time frame and manner in which we manage those risks varies for each item based upon our assessment of the risk and available alternatives for mitigating risk. For these particular risks, we believe that derivatives are an appropriate way of managing the risk. We use derivatives as part of our risk management program to mitigate variability associated with changing market values related to the hedged item. Many of the derivatives we use meet the hedge effectiveness criteria and are designated in a hedge accounting relationship. Certain derivatives are designated as either hedges of the fair value of recognized assets or liabilities or of firm commitments (“fair value hedges”) or hedges of highly probable forecasted transactions (“cash flow hedges”), collectively known as “accounting hedges”. Hedges that are expected to be highly effective in achieving offsetting changes in fair value or cash flows are assessed on an ongoing basis to determine that they actually have been highly effective throughout the financial reporting periods for which they were designated. Some of the derivatives we use are effective in achieving our risk management objectives, but they do not meet the strict hedge accounting criteria. These derivatives are considered to be “non-hedge derivatives”. During 2021 and 2020, we did not enter into any derivative contracts for US dollar interest rates, currencies, or commodity inputs.

FAIR VALUE MEASUREMENTS

FAIR VALUE MEASUREMENTS	12 Months Ended
	Dec. 31, 2021
Fair value measurements [Abstract]
FAIR VALUE MEASUREMENTS	26 n Fair Value Measurements Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value hierarchy establishes three levels to classify the inputs to valuation techniques used to measure fair value. Level 1 inputs are quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 inputs are quoted prices in markets that are not active, quoted prices for similar assets or liabilities in active markets, inputs other than quoted prices that are observable for the asset or liability (for example, interest rate and yield curves observable at commonly quoted intervals, forward pricing curves used to value currency and commodity contracts and volatility measurements used to value option contracts), or inputs that are derived principally from or corroborated by observable market data or other means. Level 3 inputs are unobservable (supported by little or no market activity). The fair value hierarchy gives the highest priority to Level 1 inputs and the lowest priority to Level 3 inputs. a) Assets and Liabilities Measured at Fair Value on a Recurring Basis Fair Value Measurements At December 31, 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 $5,280 $— $— $5,280 Other investments 1 414 — — 414 Derivatives — 53 — 53 Receivables from provisional copper and gold sales — 242 — 242 $5,694 $295 $— $5,989 Fair Value Measurements At December 31, 2020 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Aggregate Fair Value (Level 1) (Level 2) (Level 3) Cash and equivalents $5,188 $— $— $5,188 Other investments 1 428 — — 428 Derivatives — 40 — 40 Receivables from provisional copper and gold sales — 265 — 265 $5,616 $305 $— $5,921 1 Includes equity investments in other mining companies. b) Fair Values of Financial Assets and Liabilities At December 31, 2021 At December 31, 2020 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $382 $382 $571 $571 Other investments 2 414 414 428 428 Derivative assets 3 53 53 40 40 $849 $849 $1,039 $1,039 Financial liabilities Debt 4 $5,150 $6,928 $5,155 $7,288 Other liabilities 473 473 382 382 $5,623 $7,401 $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 contingency consideration received as part of the sale of Massawa and Lagunas Norte. 4 Debt is generally recorded at amortized cost except for obligations that are designated in a fair-value hedge relationship, in which case the carrying amount is adjusted for changes in fair value of the hedging instrument in periods when a hedge relationship exists. The fair value of debt is primarily determined using quoted market prices. Balance includes both current and long-term portions of debt. We do not offset financial assets with financial liabilities. c) Assets Measured at Fair Value on a Non-Recurring Basis Valuation Techniques Derivative Instruments The fair value of derivative instruments is determined using either present value techniques or option pricing models that utilize a variety of inputs that are a combination of quoted prices and market-corroborated inputs. The fair value of all our derivative contracts includes an adjustment for credit risk. For counterparties in a net asset position, credit risk is based upon the observed credit default swap spread for each particular counterparty, as appropriate. For counterparties in a net liability position, credit risk is based upon Barrick’s observed credit default swap (“CDS”) spread. The fair value of US dollar interest rate and currency swap contracts is determined by discounting contracted cash flows using a discount rate derived from observed LIBOR and swap rate curves and credit default swap rates. In the case of currency contracts, we convert non-US dollar cash flows into US dollars using an exchange rate derived from currency swap curves and CDS rates. The fair value of commodity forward contracts is determined by discounting contractual cash flows using a discount rate derived from observed LIBOR and swap rate curves and CDS rates. Contractual cash flows are calculated using a forward pricing curve derived from observed forward prices for each commodity. Derivative instruments are classified within Level 2 of the fair value hierarchy. Receivables from Provisional Copper and Gold Sales The fair value of receivables arising from copper and gold sales contracts that contain provisional pricing mechanisms is determined using the appropriate quoted forward price from the exchange that is the principal active market for the particular metal. As such, these receivables, which meet the definition of an embedded derivative, are classified within Level 2 of the fair value hierarchy. Other Long-Term Assets The fair value of property, plant and equipment, goodwill, intangibles and other assets is determined primarily using an income approach based on unobservable cash flows and a market multiples approach where applicable, and as a result is classified within Level 3 of the fair value hierarchy. Refer to note 21 for disclosure of inputs used to develop these measures.

PROVISIONS

PROVISIONS	12 Months Ended
	Dec. 31, 2021
Other provisions [abstract]
PROVISIONS	27 n Provisions a) Provisions As at December 31, 2021 As at December 31, 2020 Environmental rehabilitation (“PER”) $2,559 $2,950 Post-retirement benefits 48 43 Share-based payments 17 24 Other employee benefits 42 25 Other 102 97 $2,768 $3,139 b) Environmental Rehabilitation 2021 2020 At January 1 $3,081 $3,078 PERs divested during the year (265) (6) Closed Sites Impact of revisions to expected cash flows recorded in earnings 44 79 Settlements Cash payments (89) (67) Settlement gains (6) (3) Accretion 18 16 Operating Sites PER revisions in the year (42) 1 Settlements Cash payments (44) (39) Settlement gains (2) (3) Accretion 30 25 At December 31 $2,725 $3,081 Current portion (note 24) (166) (131) $2,559 $2,950 The eventual settlement of substantially all PERs estimated is expected to take place between 2022 and 2061. The total PER has decreased in the fourth quarter of 2021 by $97 million primarily due to spending incurred during the quarter, combined with the divestment of our Lone Tree mine and changes in cost estimates at our Pascua-Lama, Lumwana and Buzwagi properties. For the year ended December 31, 2021, our PER balance decreased by $356 million primarily due to the divestment of our Lagunas Norte mine and spending incurred during the year. A 1% increase in the discount rate would result in a decrease in PER by $315 million and a 1% decrease in the discount rate would result in a decrease in PER by $nil (as the discount rate used was 0%), while holding the other assumptions constant.

FINANCIAL RISK MANAGEMENT

FINANCIAL RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2021
Disclosure of nature and extent of risks arising from financial instruments [abstract]
FINANCIAL RISK MANAGEMENT	28 n Financial Risk Management Our financial instruments are comprised of financial liabilities and financial assets. Our principal financial liabilities, other than derivatives, comprise accounts payable and debt. The main purpose of these financial instruments is to manage short-term cash flow and raise funds for our capital expenditure program. Our principal financial assets, other than derivative instruments, are cash and equivalents and accounts receivable, which arise directly from our operations. In the normal course of business, we use derivative instruments to mitigate exposure to various financial risks. We manage our exposure to key financial risks in accordance with our financial risk management policy. The objective of the policy is to support the delivery of our financial targets while protecting future financial security. The main risks that could adversely affect our financial assets, liabilities or future cash flows are as follows: a. Market risk, including commodity price risk, foreign currency and interest rate risk; b. Credit risk; c. Liquidity risk; and d. Capital risk management. Management designs strategies for managing each of these risks, which are summarized below. Our senior management oversees the management of financial risks. Our senior management ensures that our financial risk-taking activities are governed by policies and procedures and that financial risks are identified, measured and managed in accordance with our policies and our risk appetite. All derivative activities for risk management purposes are carried out by the appropriate personnel. a) Market Risk Market risk is the risk that changes in market factors, such as commodity prices, foreign exchange rates or interest rates, will affect the value of our financial instruments. We manage market risk by either accepting it or mitigating it through the use of derivatives and other economic hedging strategies. Commodity Price Risk Gold and Copper We sell our gold and copper production in the world market. The market prices of gold and copper are the primary drivers of our profitability and ability to generate both operating and free cash flow. Our corporate treasury group implements hedging strategies on an opportunistic basis to protect us from downside price risk on our gold and copper production. We did not enter into any positions during the year. During 2020, we sold 57 thousand ounces of producer gold collars. We do not have any positions outstanding as at December 31, 2021. Our gold and copper production is subject to market prices. Fuel We consume diesel fuel and natural gas to run our operations. Diesel fuel is refined from crude oil and is therefore subject to the same price volatility affecting crude oil prices. Therefore, volatility in crude oil and natural gas prices have a direct and indirect impact on our production costs. Foreign Currency Risk The functional and reporting currency for all of our operating segments is the US dollar and we report our results using the US dollar. The majority of our operating and capital expenditures are denominated and settled in US dollars. We have exposure to the Argentine peso through operating costs at our Veladero mine, and peso denominated VAT receivable balances. In addition, we have exposure to the Canadian and Australian dollars, Chilean peso, Papua New Guinea kina, Peruvian sol, Zambian kwacha, Tanzanian shilling, Dominican peso, West African CFA franc, Euro, South African rand, and British pound through mine operating and capital costs. Consequently, fluctuations in the US dollar exchange rate against these currencies increase the volatility of cost of sales, general and administrative costs and overall net earnings, when translated into US dollars. Interest Rate Risk Interest rate risk refers to the risk that the value of a financial instrument or cash flows associated with the instruments will fluctuate due to changes in market interest rates. Currently, our interest rate exposure mainly relates to interest receipts on our cash balances ($5.3 billion at the end of the year); the mark-to-market value of derivative instruments; and to the interest payments on our variable-rate debt ($0.1 billion at December 31, 2021). The effect on net earnings and equity of a 1% change in the interest rate of our financial assets and liabilities as at December 31, 2021 is approximately $37 million (2020: $30 million). b) Credit Risk Credit risk is the risk that a third party might fail to fulfill its performance obligations under the terms of a financial instrument. Credit risk arises from cash and equivalents, trade and other receivables as well as derivative assets. For cash and equivalents and trade and other receivables, credit risk exposure equals the carrying amount on the balance sheet, net of any overdraft positions. To mitigate our inherent exposure to credit risk we maintain policies to limit the concentration of credit risk, review counterparty creditworthiness on a monthly basis, and ensure liquidity of available funds. We also invest our excess cash and equivalents in highly rated financial institutions, primarily within the United States and Canada. Furthermore, we sell our gold and copper production into the world market and to financial institutions and private customers with strong credit ratings. Historically, customer defaults have not had a significant impact on our operating results or financial position. The Company’s maximum exposure to credit risk at the reporting date is the carrying value of each of the financial assets disclosed as follows: As at December 31, 2021 As at December 31, 2020 Cash and equivalents $5,280 $5,188 Accounts receivable 623 558 Derivative assets 53 40 $5,956 $5,786 c) Liquidity Risk Liquidity risk is the risk of loss from not having access to sufficient funds to meet both expected and unexpected cash demands. We manage our exposure to liquidity risk by maintaining cash reserves, access to undrawn credit facilities and access to public debt markets, by staggering the maturities of outstanding debt instruments to mitigate refinancing risk and by monitoring of forecasted and actual cash flows. Details of the undrawn credit facility are included in note 25. Our capital structure comprises a mix of debt, non-controlling interest and shareholders’ equity. As at December 31, 2021, our total debt was $5.2 billion (debt net of cash and equivalents was $(130) million) compared to total debt as at December 31, 2020 of $5.2 billion (debt net of cash and equivalents was $(33) million). Our operating cash flow is dependent on the ability of our operations to deliver projected future cash flows. The market prices of gold, and to a lesser extent copper, are the primary drivers of our operating cash flow. Other options to enhance liquidity include further portfolio optimization and the creation of new joint ventures and partnerships; issuance of equity securities in the public markets or to private investors, which could be undertaken for liquidity enhancement and/or in connection with establishing a strategic partnership; issuance of long-term debt securities in the public markets or to private investors (Moody’s and S&P currently rate Barrick’s outstanding long-term debt as investment grade, with ratings of Baa1 and BBB, respectively); and drawing on the $3.0 billion available under our undrawn credit facility (subject to compliance with covenants and the making of certain representations and warranties, this facility is available for drawdown as a source of financing). The key financial covenant in the Credit Facility (undrawn as at December 31, 2021) requires Barrick to maintain a net debt to total capitalization ratio, as defined in the agreement, of 0.60:1 or lower (Barrick’s net debt to total capitalization ratio was 0.00:1 as at December 31, 2021). The following table outlines the expected maturity of our significant financial assets and liabilities into relevant maturity groupings based on the remaining period from the balance sheet date to the contractual maturity date. As the amounts presented in the table are the contractual undiscounted cash flows, these balances may not agree with the amounts disclosed in the balance sheet. As at December 31, 2021 (in $ millions) Less than 1 year 1 to 3 years 3 to 5 years Over 5 years Total Cash and equivalents $5,280 $— $— $— $5,280 Accounts receivable 623 — — — 623 Derivative assets — 53 — — 53 Trade and other payables 1,448 — — — 1,448 Debt 15 17 67 5,077 5,176 Other liabilities 30 196 92 155 473 As at December 31, 2020 (in $ millions) Less than 1 year 1 to 3 years 3 to 5 years Over 5 years Total Cash and equivalents $5,188 $— $— $— $5,188 Accounts receivable 558 — — — 558 Derivative assets — 40 — — 40 Trade and other payables 1,458 — — — 1,458 Debt 20 16 20 5,125 5,181 Other liabilities 31 72 36 243 382 d) Capital Risk Management Our objective when managing capital is to provide value for shareholders by maintaining an optimal short-term and long-term capital structure in order to reduce the overall cost of capital while preserving our ability to continue as a going concern. Our capital management objectives are to safeguard our ability to support our operating requirements on an ongoing basis, continue the development and exploration of our mineral properties and support any expansion plans. Our objectives are also to ensure that we maintain a strong balance sheet and optimize the use of debt and equity to support our business and provide financial flexibility in order to maximize shareholder value. We define capital as total debt less cash and equivalents and it is managed by management subject to approved policies and limits by the Board of Directors. We have no significant financial covenants or capital requirements with

OTHER NON-CURRENT LIABILITIES

OTHER NON-CURRENT LIABILITIES	12 Months Ended
	Dec. 31, 2021
Miscellaneous non-current liabilities [abstract]
OTHER NON-CURRENT LIABILITIES	29 n Other Non-Current Liabilities As at December 31, 2021 As at December 31, 2020 Deposit on Pascua-Lama silver sale agreement $154 $149 Deposit on Pueblo Viejo gold and silver streaming agreement 1 438 447 Long-term income tax payable 267 321 GoT shareholder loan 150 167 Pueblo Viejo JV partner shareholder loan 164 42 Provision for offsite remediation 52 50 Other 76 92 $1,301 1,268 1 Revenues of $44 million were recognized in 2021 (2020: $53 million) through the draw-down of our streaming liabilities relating to a contract in place at Pueblo Viejo. GoT Shareholder Loan On January 24, 2020, Barrick formalized the establishment of a joint venture between Barrick and the GoT. Effective January 1, 2020, the GoT received a 16% interest in the shareholder loans owed by Bulyanhulu and Buzwagi, of which $167 million was payable to the GoT. During 2021, $16 million was repaid. Pueblo Viejo Shareholder Loan In November 2020, Pueblo Viejo entered into a $1.3 billion loan facility agreement with its shareholders (the “PV Shareholder Loan”) to provide long-term financing to expand the mine. The shareholders will lend funds pro rata in accordance with their shareholding in Pueblo Viejo. The PV Shareholder Loan is broken up into two facilities: $0.8 billion of funds that can be drawn on a pro rata basis until June 30, 2022 (“Facility I”) and $0.5 billion of funds that can be drawn on a pro rata basis until June 30, 2025 (“Facility II”). Amortized repayments for Facility I are due to begin twice yearly on the scheduled repayment dates after the earlier of full drawdown of Facility I or June 30, 2022, with a final maturity date of February 28, 2032. Amortized repayments for Facility II are due to begin twice yearly on the scheduled repayment dates after the earlier of full drawdown of Facility II or June 30, 2025, with a final maturity date of February 28, 2035. The interest rate on drawn amounts is LIBOR plus 400 basis points. During 2021 and 2020, $327 million and $104 million, respectively, were drawn on Facility I, including $131 million and $42 million, respectively, from Barrick’s Pueblo Viejo JV partner. Pascua-Lama Silver Sale Agreement Our silver sale agreement with Wheaton requires us to deliver 25 percent of the life of mine silver production from the Pascua-Lama project once it is constructed and required delivery of 100 percent of silver production from the Lagunas Norte, Pierina and Veladero mines until March 31, 2018. In return, we were entitled to an upfront cash payment of $625 million payable over three three Given that, as of September 28, 2020, Wheaton had not exercised its termination right, a residual liability of $253 million remains due on September 1, 2039 (assuming no future deliveries are made). This residual cash liability was remeasured to $148 million as at September 30, 2020, which is the present value of the liability due in 2039 discounted at a rate estimated for comparable liabilities, including Barrick's outstanding debt. This remeasurement resulted in a gain of $104 million recorded in Other Income (refer to note 9) for the year ended December 31, 2020. The liability of $148 million was reclassified from other current liabilities to other non-current liabilities as at September 30, 2020 and will be measured at amortized cost in future periods. The liability had a balance of $154 million as at December 31, 2021. Pueblo Viejo Gold and Silver Streaming Agreement On September 29, 2015, we closed a gold and silver streaming transaction with Royal Gold, Inc. (“Royal Gold”) for production linked to Barrick’s 60 percent interest in the Pueblo Viejo mine. Royal Gold made an upfront cash payment of $610 million and will continue to make cash payments for gold and silver delivered under the agreement. The $610 million upfront payment is not repayable and Barrick is obligated to deliver gold and silver based on Pueblo Viejo’s production. We have accounted for the upfront payment as deferred revenue and will recognize it in earnings, along with the ongoing cash payments, as the gold and silver is delivered to Royal Gold. We will also be recording accretion expense on the deferred revenue balance as the time value of the upfront deposit represents a significant component of the transaction. Under the terms of the agreement, Barrick will sell gold and silver to Royal Gold equivalent to: • 7.5 percent of Barrick’s interest in the gold produced at Pueblo Viejo until 990,000 ounces of gold have been delivered, and 3.75 percent thereafter. • 75 percent of Barrick’s interest in the silver produced at Pueblo Viejo until 50 million ounces have been delivered, and 37.5 percent thereafter. Silver will be delivered based on a fixed recovery rate of 70 percent. Silver above this recovery rate is not subject to the stream. Barrick will receive ongoing cash payments from Royal Gold equivalent to 30 percent of the prevailing spot prices for the first 550,000 ounces of gold and 23.1 million ounces of silver delivered. Thereafter payments will double to 60 percent of prevailing spot prices for each subsequent ounce of gold and silver delivered. Ongoing cash payments to Barrick are tied to prevailing spot prices rather than fixed in advance, maintaining exposure to higher gold and silver prices in the future.

DEFERRED INCOME TAXES

DEFERRED INCOME TAXES	12 Months Ended
	Dec. 31, 2021
Income tax [Abstract]
DEFERRED INCOME TAXES	30 n Deferred Income Taxes Recognition and Measurement We record deferred income tax assets and liabilities where temporary differences exist between the carrying amounts of assets and liabilities in our balance sheet and their tax bases. The measurement and recognition of deferred income tax assets and liabilities takes into account: substantively enacted rates that will apply when temporary differences reverse; interpretations of relevant tax legislation; estimates of the tax bases of assets and liabilities; and the deductibility of expenditures for income tax purposes. In addition, the measurement and recognition of deferred tax assets takes into account tax planning strategies. We recognize the effect of changes in our assessment of these estimates and factors when they occur. Changes in deferred income tax assets and liabilities are allocated between net income, other comprehensive income, equity and goodwill based on the source of the change. Current income taxes of $66 million have been provided in the year on the undistributed earnings of certain foreign subsidiaries. Deferred income taxes have not been provided on the undistributed earnings of all other foreign subsidiaries for which we are able to control the timing of the remittance, and it is probable that there will be no remittance in the foreseeable future. These undistributed earnings amounted to $18,016 million as at December 31, 2021. Sources of Deferred Income Tax Assets and Liabilities As at December 31, 2021 As at December 31, 2020 Deferred tax assets Tax loss carry forwards $330 $456 Tax credits 10 13 Environmental rehabilitation 262 358 Post-retirement benefit obligations and other employee benefits 30 30 Other working capital 68 70 Other 5 3 $705 $930 Deferred tax liabilities Property, plant and equipment (3,556) (3,375) Inventory (416) (463) Accrued interest payable 3 (28) ($3,264) ($2,936) Classification: Non-current assets $29 $98 Non-current liabilities (3,293) (3,034) ($3,264) ($2,936) Expiry Dates of Tax Losses 2022 2023 2024 2025 2026+ No expiry date Total Non-capital tax losses 1 Barbados $97 $399 $213 $220 $138 $— $1,067 Canada — — — — 2,146 — 2,146 Chile — — — — — 894 894 Saudi Arabia — — — — — 349 349 Tanzania — — — — — 1,296 1,296 United Kingdom — — — — — 190 190 Zambia 32 2 2 1 11 — 48 Others — — — — 59 45 104 $129 $401 $215 $221 $2,354 $2,774 $6,094 1 Represents the gross amount of tax loss carry forwards translated at closing exchange rates at December 31, 2021. The non-capital tax losses include $4,995 million of losses which are not recognized in deferred tax assets. Of these, $99 million expire in 2022, $401 million expire in 2023, $214 million expire in 2024, $221 million expire in 2025, $2,287 million expire in 2026 or later, and $1,772 million have no expiry date. Recognition of Deferred Tax Assets We recognize deferred tax assets taking into account the effects of local tax law. Deferred tax assets are fully recognized when we conclude that sufficient positive evidence exists to demonstrate that it is probable that a deferred tax asset will be realized. The main factors considered are: • Historic and expected future levels of taxable income; • Tax plans that affect whether tax assets can be realized; and • The nature, amount and expected timing of reversal of taxable temporary differences. Levels of future income are mainly affected by: market gold, copper and silver prices; forecasted future costs and expenses to produce gold and copper; quantities of proven and probable gold and copper reserves; market interest rates; and foreign currency exchange rates. If these factors or other circumstances change, we record an adjustment to the recognition of deferred tax assets to reflect our latest assessment of the amount of deferred tax assets that is probable will be realized. Deferred Tax Assets Not Recognized As at December 31, 2021 As at December 31, 2020 Argentina $118 $105 Australia 302 298 Barbados 27 10 Canada 966 1,127 Chile 1,059 1,037 Côte d'Ivoire 6 6 Mali 11 9 Peru 79 281 Saudi Arabia 71 70 Tanzania 105 110 United Kingdom 36 36 Zambia 3 40 $2,783 $3,129 Deferred tax assets not recognized relate to: non-capital loss carry forwards of $1,048 million (2020: $1,168 million), capital loss carry forwards with no expiry date of $321 million (2020: $323 million), and other deductible temporary differences with no expiry date of $1,414 million (2020: $1,638 million). Source of Changes in Deferred Tax Balances For the years ended December 31 2021 2020 Temporary differences Property, plant and equipment ($181) ($112) Environmental rehabilitation (97) 29 Tax loss carry forwards (127) (54) AMT and other tax credits (3) (14) Inventory 48 81 Other 32 (10) ($328) ($80) Intraperiod allocation to: Income from continuing operations before income taxes ($345) ($151) Income Tax Payable (2) 65 Other comprehensive (income) loss 19 (6) Other — 12 ($328) ($80) Income Tax Related Contingent Liabilities 2021 2020 At January 1 $266 $327 Net additions based on uncertain tax positions related to prior years 19 39 Reductions for tax positions of prior years (28) (100) At December 31 1 $257 $266 1 If reversed, the total amount of $257 million would be recognized as a benefit to income taxes on the income statement, and therefore would impact the reported effective tax rate. Tax Years Still Under Examination Argentina 2010-2011, 2015-2021 Australia 2017-2021 Canada 2015-2021 Chile 2015-2021 Côte d'Ivoire 2020-2021 Democratic Republic of Congo 2019-2021 Dominican Republic 2015-2021 Mali 2017-2021 Papua New Guinea 2006-2021 Peru 2015-2021 Saudi Arabia 2020-2021 Tanzania 2018-2021 United States 2021 Zambia 2018-2021

CAPITAL STOCK

CAPITAL STOCK	12 Months Ended
	Dec. 31, 2021
Capital stock [Abstract]
CAPITAL STOCK	31 n Capital Stock Authorized Capital Stock Our authorized capital stock is composed of an unlimited number of common shares (issued 1,779,331,037 common shares as at December 31, 2021). Our common shares have no par value. Dividends In 2021, we declared and paid dividends in US dollars totaling $634 million (2020: $547 million). The Company’s dividend reinvestment plan resulted in $5 million (2020: $4 million) reinvested into the Company. Return of Capital At the Annual and Special Meeting on May 4, 2021, shareholders approved a $750 million return of capital distribution. This distribution was 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 in line with

NON-CONTROLLING INTERESTS

NON-CONTROLLING INTERESTS	12 Months Ended
	Dec. 31, 2021
Interests in other entities [Abstract]
NON-CONTROLLING INTERESTS	32 n Non-Controlling Interests a) Non-Controlling Interests (“NCI”) Continuity Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon Other Total NCI in subsidiary at December 31, 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 2 — — 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 980 174 35 71 6 — 1,266 Cash contributed — — — — — 12 12 Decrease in non-controlling interest 3 (49) — — — — (37) (86) Disbursements (848) (178) — (51) (16) (18) (1,111) At December 31, 2021 $6,061 $1,189 $298 $953 $29 ($80) $8,450 1 Tanzania mines consist of North Mara, Bulyanhulu and Buzwagi. 2 Refer to note 21 for further details. 3 Refer to note 4 for further details. b) Summarized Financial Information on Subsidiaries with Material Non-Controlling Interests Summarized Balance Sheets Nevada Gold Mines Pueblo Viejo Tanzania Mines Loulo-Gounkoto Tongon As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 Current assets $3,351 $6,111 $394 $491 $637 $530 $444 $347 $205 $288 Non-current assets 13,750 13,708 4,724 4,342 1,798 1,758 4,712 4,660 192 265 Total assets $17,101 $19,819 $5,118 $4,833 $2,435 $2,288 $5,156 $5,007 $397 $553 Current liabilities 561 636 633 240 926 1,024 141 32 76 118 Non-current liabilities 1,244 1,266 1,249 1,053 526 565 575 567 59 76 Total liabilities $1,805 $1,902 $1,882 $1,293 $1,452 $1,589 $716 $599 $135 $194 Summarized Statements of Income Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon For the years ended December 31 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Revenue $6,135 $6,299 $1,514 $1,613 $993 $1,213 $1,249 $1,208 $368 $507 Income from continuing operations after tax 2,246 2,439 361 418 284 653 322 339 52 83 Other comprehensive income 9 — — — — — — — — — Total comprehensive income $2,255 $2,439 $361 $418 $284 $653 $322 $339 $52 $83 Dividends paid to NCI 2 $848 $1,026 $48 $6 $— $45 $51 $36 $20 $— Summarized Statements of Cash Flows Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon 3 For the years ended December 31 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Net cash provided by operating activities $3,035 $3,518 $541 $820 $373 $609 $605 $497 $61 $252 Net cash used in investing activities (962) (971) (522) (223) (178) (181) (297) (226) (17) (8) Net cash used in financing activities (2,208) (2,668) (101) (651) (100) (270) (254) (189) (143) (119) Net increase (decrease) in cash and cash equivalents ($135) ($121) ($82) ($54) $95 $158 $54 $82 ($99) $125 1 Tanzania mines consist of North Mara, Bulyanhulu and Buzwagi. 2 Includes partner distributions. 3

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Disclosure of transactions between related parties [text block]	33 n Related Party Transactions The Company’s related parties include its subsidiaries, joint operations, joint ventures and key management personnel. During its normal course of operations, the Company enters into transactions with its related parties for goods and services. Transactions between the Company and its subsidiaries and joint operations, which are related parties of the Company, have been eliminated on consolidation and are not disclosed in this note. There were no other material related party transactions reported in the year. Remuneration of Key Management Personnel Key management personnel include the members of the Board of Directors and the executive leadership team. Compensation for key management personnel (including Directors) was as follows: For the years ended December 31 2021 2020 Salaries and short-term employee benefits 1 $36 $33 Post-employment benefits 2 6 4 Share-based payments and other 3 25 45 $67 $82 1 Includes annual salary and annual short-term incentives/other bonuses earned in the year. 2 Represents Company contributions to retirement savings plans. 3 Relates to DSU, RSU, and PGSU grants and other compensation.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2021
Share-based payment arrangements [Abstract]
STOCK-BASED COMPENSATION	34 n Stock-Based Compensation a) Restricted Share Units (RSUs) and Deferred Share Units (DSUs) Compensation expense for RSUs was a $31 million charge to earnings in 2021 (2020: $45 million) and is presented as a component of general and administrative expenses and cost of sales, consistent with the classification of other elements of compensation expense for those employees who had RSUs. Compensation expense for RSUs incorporates an expected forfeiture rate. The expected forfeiture rate is estimated based on historical forfeiture rates and expectations of future forfeiture rates. We make adjustments if the actual forfeiture rate differs from the expected rate. At December 31, 2021, the weighted average remaining contractual life of RSUs was 0.75 years (2020: 0.83 years). DSU and RSU Activity (Number of Units in Thousands) DSUs Fair value RSUs Fair value At January 1, 2020 476 $8.8 3,110 $41.5 Settled for cash — — (2,136) (47.3) Forfeited — — (313) (5.7) Granted 85 2.0 1,923 35.2 Credits for dividends — — 39 0.9 Change in value — 2.0 — 14.0 At December 31, 2020 561 $12.8 2,623 $38.6 Settled for cash — — (1,435) (36.2) Granted 117 2.2 1,300 26.4 Credits for dividends — — 30 0.6 Change in value — (2.4) — 1.6 At December 31, 2021 678 $12.6 2,518 $31.0 b) Performance Granted Share Units (PGSUs) In 2014, Barrick launched a PGSU plan. Under this plan, selected employees are granted PGSUs, where each PGSU has a value equal to one Barrick common share. At December 31, 2021, 2,873 thousand units had been granted at a fair value of $43 million (2020: 3,962 thousand units at a fair value of $52 million). c) Stock Options Under Barrick’s stock option plan, certain officers and key employees of the Company may purchase common shares at an exercise price that is equal to the closing share price on the day before the grant of the option. The grant date is the date when the details of the award, including the number of options granted by individual and the exercise price, are approved. Stock options vest evenly over four seven Compensation expense for stock options was $nil in 2021 (2020: $nil), and is presented as a component of corporate administration, consistent with the classification of other elements of compensation expense for those employees who had stock options. The recognition of compensation expense for stock options had no impact on earnings per share for 2021 and 2020. Total intrinsic value relating to options exercised in 2021 was $1 million (2020: $2 million). As at December 31, 2021, there was $nil (2020: $nil) of total unrecognized compensation cost relating to unvested stock options. Employee Stock Option Activity (Number of Shares in Millions) 2021 2020 Shares Average Price Shares Average Price C$ options At January 1 0.1 $10 0.2 $10 Exercised (0.1) 10 (0.1) 10 At December 31 — $— 0.1 $10 US$ options At January 1 — $— 0.1 $32 Cancelled/expired — — (0.1) 32 At December 31 — $— — $—

CONTINGENCIES

CONTINGENCIES	12 Months Ended
	Dec. 31, 2021
Contingent Liabilities [Abstract]
CONTINGENCIES	35 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. Litigation and Claims In assessing loss contingencies related to legal proceedings that are pending against us or unasserted claims that may result in such proceedings, the Company with assistance from its legal counsel, evaluates the perceived merits of any legal proceedings or unasserted claims as well as the perceived merits of the amount of relief sought or expected to be sought. Proposed Canadian Securities Class Actions (Pascua-Lama) Between April and September 2014, eight proposed class actions were commenced against the Company in Canada in connection with the Pascua-Lama project. Four of the proceedings were commenced in Ontario, two were commenced in Alberta, one was commenced in Saskatchewan, and one was commenced in Quebec. The proceedings alleged that the Company made false and misleading statements to the investing public relating to (among other things) capital cost and schedule estimates for the Pascua-Lama project (the “Project”), environmental compliance matters in Chile, as well as alleged internal control failures and certain accounting-related matters. Two of the Ontario proceedings were subsequently consolidated into one proceeding. That consolidated proceeding and the Quebec proceeding have moved ahead in the manner described below. None of the other five proceedings has been pursued. One was never served, one was dismissed on consent, two were discontinued and one was stayed by Court order. The Statement of Claim in the remaining Ontario proceeding indicates that the proposed representative plaintiffs purport to seek damages on behalf of any person who acquired Barrick securities during the period from May 7, 2009 to November 1, 2013. The defendants in this proceeding are the Company and Aaron Regent, Jamie Sokalsky, Ammar Al-Joundi and Peter Kinver (all of whom are former officers of the Company), and the claim for damages is stated to be more than $3 billion. In August 2018, the Company and other defendants delivered their Statement of Defence. In June 2019, plaintiffs’ counsel indicated that they are pursuing claims only in respect of the period from July 28, 2011 to November 1, 2013. The Quebec proceeding purports to be on behalf of any person who resides in Quebec and acquired Barrick securities during the period from May 7, 2009 to November 1, 2013. However, the parties agreed that, by operation of the applicable statute of limitations, statutory secondary market misrepresentation claims could only be pursued in respect of the period from April 30, 2011 to November 1, 2013. The focus of the Quebec proceeding is on allegations concerning the Company’s public disclosures relating to matters of environmental compliance. The defendants are the Company and Messrs. Regent, Sokalsky, Al-Joundi and Kinver, and an unspecified amount of damages is being sought. No Statement of Defence has been filed or is required to be filed at this stage. In both Ontario and Quebec, the proposed representative plaintiffs have brought motions seeking: (i) leave of the Court to proceed with statutory secondary market misrepresentation claims pursuant to provincial securities legislation; and (ii) orders certifying the actions as class actions, and therefore allowing the proposed representative plaintiffs to pursue statutory secondary market misrepresentation claims and other claims on behalf of the proposed classes. In the Quebec proceeding, both motions were heard in May 2019 with additional oral submissions in December 2019. In March 2020, the Superior Court of Quebec denied both motions. As a result, subject to appeal, the proposed representative plaintiff cannot pursue the statutory secondary market misrepresentation claims, and can only pursue his other purported claims on an individual basis rather than on behalf of other shareholders. The proposed representative plaintiff has filed an appeal. The hearing of that appeal has not yet been scheduled. In the Ontario proceeding, the motion for leave to proceed with statutory secondary market misrepresentation claims was heard in July 2019. In October 2019, the Ontario Superior Court of Justice dismissed all but one of those claims, and dismissed all of the statutory secondary market misrepresentation claims as against Mr. Regent and Mr. Kinver. With respect to the sole remaining statutory secondary market misrepresentation claim, the Court denied leave to proceed in respect of securityholders other than common shareholders. The sole remaining statutory secondary market misrepresentation claim pertains to a statement concerning the water management system in Chile made by the Company in its Management's Discussion and Analysis for the second quarter of 2012. The Company filed a motion in the Divisional Court for leave to appeal the decision to allow that claim to proceed, which was denied in October 2020. The proposed representative plaintiffs filed an appeal to the Ontario Court of Appeal in respect of the claims that were dismissed, which was heard over two 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. This application was dismissed on July 29, 2021. As a result, the case has been returned 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 Superior Court heard the Plaintiffs’ motion for leave to proceed in respect of those claims in January 2022. The Court has reserved its judgment. 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 remaining proposed Canadian securities class actions. No amounts have been recorded for any potential liability arising from any of the proposed class actions, as the Company cannot reasonably predict the outcome. Pascua-Lama – SMA Regulatory Sanctions In May 2013, Compañía Minera Nevada (“CMN”), Barrick’s Chilean subsidiary that holds the Chilean portion of the Project, received a Resolution (the “Original Resolution”) from Chile’s environmental regulator (the Superintendencia del Medio Ambiente, or “SMA”) that requires CMN to complete the water management system for the Project in accordance with the Project’s environmental permit before resuming construction activities in Chile. The Original Resolution also required CMN to pay an administrative fine of approximately $16 million for deviations from certain requirements of the Project’s Chilean environmental approval, including a series of reporting requirements and instances of non-compliance related to the Project’s water management system. CMN paid the administrative fine in May 2013. In June 2013, CMN began engineering studies to review the Project’s water management system in accordance with the Original Resolution. The studies were suspended in the second half of 2015 as a result of CMN’s decision to file a temporary and partial closure plan for the Project. The review of the Project’s water management system may require a new environmental approval and the construction of additional water management facilities. In June 2013, a group of local farmers and indigenous communities challenged the Original Resolution. The challenge, which was brought in the Environmental Court of Santiago, Chile (the “Environmental Court”), claimed that the fine was inadequate and requested more severe sanctions against CMN including the revocation of the Project’s environmental permit. The SMA presented its defense of the Original Resolution in July 2013. On August 2, 2013, CMN joined as a party to this proceeding and vigorously defended the Original Resolution. On March 3, 2014, the Environmental Court annulled the Original Resolution and remanded the matter back to the SMA for further consideration in accordance with its decision (the “Environmental Court Decision”). In particular, the Environmental Court ordered the SMA to issue a new administrative decision that recalculated the amount of the fine to be paid by CMN using a different methodology and addressed certain other errors it identified in the Original Resolution. The Environmental Court did not annul the portion of the Original Resolution that required the Company to halt construction on the Chilean side of the Project until the water management system is completed in accordance with the Project’s environmental permit. On December 30, 2014, the Chilean Supreme Court declined to consider CMN’s appeal of the Environmental Court Decision on procedural grounds. As a result of the Supreme Court’s ruling, on April 22, 2015, the SMA reopened the administrative proceeding against CMN in accordance with the Environmental Court Decision. On April 22, 2015, CMN was notified that the SMA had initiated a new administrative proceeding for alleged deviations from certain requirements of the Project’s environmental approval, including with respect to the Project’s environmental impact and a series of monitoring requirements. In May 2015, CMN submitted a compliance program to address certain of the allegations and presented its defense to the remainder of the alleged deviations. The SMA rejected CMN’s proposed compliance program on June 24, 2015, and denied CMN’s administrative appeal of that decision on July 31, 2015. On December 30, 2016, the Environmental Court rejected CMN’s appeal and CMN declined to challenge this decision. On June 8, 2016, the SMA consolidated the two administrative proceedings against CMN into a single proceeding encompassing both the reconsideration of the Original Resolution in accordance with the decision of the Environmental Court and the alleged deviations from the Project’s environmental approval notified by the SMA in April 2015. On January 17, 2018, CMN received the revised resolution (the “Revised Resolution”) from the SMA, in which the environmental regulator reduced the original administrative fine from approximately $16 million to $11.5 million and ordered the closure of existing surface facilities on the Chilean side of the Project in addition to certain monitoring activities. The Revised Resolution does not revoke the Project’s environmental approval. CMN filed an appeal of the Revised Resolution on February 3, 2018 with the First Environmental Court of Antofagasta (the “Antofagasta Environmental Court”). On October 12, 2018, the Antofagasta Environmental Court issued an administrative ruling ordering review of the significant sanctions ordered by the SMA. CMN was not a party to this process. In its ruling, the Antofagasta Environmental Court rejected four of the five closure orders contained in the Revised Resolution and remanded the related environmental infringements back to the SMA for further consideration. A new resolution from the SMA with respect to the sanctions for these four infringements could include a range of potential sanctions, including additional fines, as provided in the Chilean legislation. The Antofagasta Environmental Court upheld the SMA’s decision to order the closure of the Chilean side of the Project for the fifth infringement. Following the issuance of the Revised Resolution, the Company reversed the estimated amount previously recorded for any additional proposed administrative fines in this matter. In addition, the Company reclassified Pascua-Lama’s proven and probable gold reserves as measured and indicated resources and recorded a pre-tax impairment of $429 million in the fourth quarter of 2017. No additional amounts have been recorded for any potential liability arising from the Antofagasta Environmental Court’s October 12, 2018 ruling and subsequent review by the SMA, as the Company cannot reasonably predict any potential losses and the SMA has not issued any additional proposed administrative fines. On March 14, 2019, the Chilean Supreme Court annulled the October 12, 2018 administrative decision of the Antofagasta Environmental Court on procedural grounds and remanded the case back to the Environmental Court for review by a different panel of judges. The Chilean Supreme Court did not review the merits of the Revised Resolution, which remains in effect. On September 17, 2020, the Antofagasta Environmental Court issued a ruling in which it upheld the closure order and sanctions imposed on CMN by the SMA in the Revised Resolution from January 2018. As part of its ruling, the Environmental Court also ordered the SMA to reevaluate certain environmental infringements contained in the Revised Resolution which may result in the imposition of additional fines against CMN. The Company confirmed that it will not appeal the Environmental Court’s decision, and the Chilean side of the Pascua-Lama project will now be transitioned to closure in accordance with that ruling. On October 6, 2020, a group of local farmers challenged the Environmental Court’s decision. The challenge, which was brought before the Chilean Supreme Court, claims that the fines imposed by the SMA were inadequate and seeks to require the SMA to issue additional and more severe sanctions against CMN. The Chilean Supreme Court has accepted the appeal and the parties have presented their arguments on the merits. The decision of the Chilean Supreme Court is pending. Veladero – Operational Incidents and Associated Proceedings Minera Andina del Sol SRL (formerly, Minera Argentina Gold SRL) (“MAS”), the joint venture company that operates the Veladero mine, is the subject of various regulatory proceedings related to operational incidents at the Veladero Valley Leach Facility (“VLF”) occurring in March 2017 (the “March 2017 incident”), September 2016 (the “September 2016 incident”) and September 2015 (the “September 2015 incident”), and involving the San Juan Provincial mining authority, the Argentine federal government, and certain residents of Jachal, Argentina. Regulatory authorities were notified following the occurrence of each of these incidents, and remediation and/or monitoring activities were undertaken as appropriate. Although the September 2015 incident resulted in the release of cyanide-bearing process solution into a nearby waterway, environmental monitoring conducted by MAS and an independent third party has demonstrated that the incident posed no risk to human health at downstream communities. Monitoring and inspection following the September 2016 incident and remediation and inspection following the March 2017 incidents confirmed that those incidents did not result in any long-term environmental impacts. Regulatory Proceedings and Actions San Juan Provincial Regulatory Proceedings On October 9, 2015, the San Juan Provincial mining authority initiated an administrative sanction process against MAS for alleged violations of the Mining Code relating to the September 2015 incident. MAS was formally notified of the imposition of an administrative fine in connection with the incident on March 15, 2016. MAS sought reconsideration of certain aspects of the decision but paid the administrative fine of approximately $10 million (at the then-applicable Argentine peso to U.S. dollar exchange rate) while the request for reconsideration was pending. After the San Juan government rejected MAS’ administrative appeal of this decision, on September 5, 2017, the Company commenced a legal action to continue challenging certain aspects of the decision before the San Juan courts, which is ongoing. MAS is also the subject of a consolidated provincial regulatory proceeding related to the September 2016 incident and the March 2017 incident. MAS received notice of a resolution on December 27, 2017, from the San Juan Provincial mining authority requiring payment of an administrative fine of approximately $5.6 million (calculated at the prevailing exchange rate on December 31, 2017) for both the September 2016 incident and the March 2017 incident. On January 23, 2018, in accordance with local requirements, MAS paid the administrative fine and filed a request for reconsideration with the San Juan Provincial mining authority. MAS was notified in March 2018 that the San Juan Provincial mining authority had rejected the request for reconsideration of the administrative fine. A further appeal will be heard and decided by the Governor of San Juan. Provincial Amparo Action Following the March 2017 incident, an “amparo” protection action (the “Provincial Amparo Action”) was filed against MAS in the Jachal First Instance Court, San Juan Province (the “Jachal Court”) by individuals who claimed to be living in Jachal, San Juan Province, Argentina, seeking the cessation of all activities at the Veladero mine or, alternatively, a suspension of the mine’s leaching process. On March 30, 2017, the Jachal Court rejected the request for an injunction to cease all activities at the Veladero mine, but ordered, among other things, the suspension of the leaching process. The Jachal Court lifted the leaching process suspension in June 2017. The Jachal Court tried to join this proceeding with the Federal Amparo Action (as defined below), triggering a jurisdictional dispute. On December 26, 2019, the Argentine Supreme Court ruled on the jurisdictional dispute in favor of the Federal Court in connection with the Federal Amparo Action described below, meaning that the Jachal Court has retained jurisdiction over the Provincial Amparo Action and the two amparo actions were not effectively joined. The Provincial Amparo Action case file has not yet been remitted to the Jachal Court by the Supreme Court (see “Federal Amparo Action” below). Federal Amparo Action On April 4, 2017, the National Minister of Environment of Argentina filed an amparo protection action in the Federal Court in connection with the March 2017 incident (the “Federal Amparo Action”) seeking an order requiring the cessation and/or suspension of activities at the Veladero mine. MAS submitted extensive information to the Federal Court about the incident, the then-existing administrative and provincial judicial suspensions, the remedial actions taken by the Company and the lifting of the suspension orders described in the Provincial Amparo Action above, and challenged the jurisdiction of the Federal Court as well as the standing of the National Minister of Environment and requested that the matter be remanded to the Jachal Court. The Province of San Juan also challenged the jurisdiction of the Federal Court in this matter. On December 26, 2019, the Argentine Supreme Court ruled on the jurisdictional dispute in favor of the Federal Court. The Company was notified on October 1, 2020, that the National Ministry of the Environment had petitioned the Federal Court to resume the proceedings following the Supreme Court’s decision that the Federal Court is competent to hear the case. The Federal Court ordered the resumption of the proceedings on February 19, 2021. Civil Action On December 15, 2016, MAS was served notice of a civil action filed before the San Juan Provincial Court by certain persons allegedly living in Jachal, San Juan Province, claiming to be affected by the Veladero mine and, in particular, the VLF. The plaintiffs requested a court order that MAS cease leaching metals with cyanide solutions, mercury and other similar substances at the mine and replace that process with one that is free of hazardous substances, implement a closure and remediation plan for the VLF and surrounding areas, and create a committee to monitor this process. These claims were supplemented by new allegations that the risk of environmental damage had increased as a result of the March 2017 incident. MAS replied to the lawsuit in February 2017 and it also responded to the supplement claim and intends to continue defending this matter vigorously. Criminal Matters Provincial Criminal Proceedings In August 2017, the San Juan Court of Appeals confirmed criminal indictments against eight current and former MAS employees in connection with the September 2015 incident (the “Provincial Criminal Action”). MAS is not a party to the Provincial Criminal Action. On August 23, 2018, the defendants in the Provincial Criminal Action were granted probation. All defendants have now completed the probationary period and, having complied with good behavior and community service requirements, have requested dismissal of the charges against them without admitting to any wrongdoing. On June 21, 2021, the Court issued a decision dismissing all charges against the defendants. The case is now closed. Federal Criminal Matters A federal criminal investigation was initiated by a Buenos Aires federal court (the “Federal Court”) based on the alleged failure of certain current and former federal and provincial government officials and individual directors of MAS to prevent the September 2015 incident (the “Federal Investigation”). On May 5, 2016, the National Supreme Court of Argentina limited the scope of the Federal Investigation to the potential criminal liability of the federal officials, ruling that the Federal Court does not have jurisdiction to investigate the solution release. On April 11, 2018, the federal judge indicted three former federal officials, alleging breach of duty in connection with their actions and omissions related to the failure to maintain adequate environmental controls during 2015 and the case was sent to trial. In June 2018, the federal judge ordered additional environmental studies in the communities downstream from the Veladero mine, but this order was overturned due to lack of jurisdiction by the Federal Supreme Court on October 8, 2020. Glacier Investigation On October 17, 2016, a separate criminal investigation was initiated by the federal judge overseeing the Federal Investigation based on the alleged failure of federal officials to regulate the Veladero mine under Argentina’s glacier legislation (the “Glacier Investigation”) with regard to the September 2015 incident. On June 16, 2017, MAS submitted a motion to challenge the federal judge’s decision to assign the Glacier Investigation to himself, and to request that it be admitted as a party in order to present evidence supporting MAS. On September 14, 2017, the Federal Court of Appeals ordered the federal judge to consolidate the two investigations and clarified that MAS is not a party to the case and therefore does not have standing to seek the recusal of the federal judge, but nonetheless recognized MAS’ right to continue to participate in the case (without clarifying the scope of those rights). On November 27, 2017, the federal judge indicted four former federal officials, alleging abuse of authority in connection with their actions and omissions related to the enforcement of Argentina’s glacier legislation. The Court of Appeals confirmed the indictments and on August 6, 2018, the case was assigned to a federal trial judge. In total, six former federal officials were indicted under the Federal Investigation and the Glacier Investigation and will face trial. In 2019, one of the former federal officials, who was indicted on separate charges under both investigations, passed away and charges against him were dropped. Due to the Argentine response to Covid-19 and a procedural challenge by one of the former federal officials, the oral arguments originally scheduled for April and May 2020 in this matter have been postponed and have not yet been rescheduled. Veladero – Tax Assessment and Criminal Charges On December 26, 2017, MAS received notice of a tax assessment (the “Tax Assessment”) for 2010 and 2011, amounting to ARS 543 million (approximately $6.5 million at the prevailing exchange rate at December 31, 2020), plus interest and fines. The Tax Assessment primarily claims that certain deductions made by MAS were not properly characterized, including that (i) the interest and foreign exchange on loans borrowed between 2002 and 2006 to fund Veladero’s construction should have been classified as equity contributions, and (ii) fees paid for intercompany services were not for services related to the operation of the Veladero mine. On June 21, 2018, the Argentinean Federal Tax Authority (“AFIP”) confirmed the Tax Assessment, which MAS appealed to the Federal Tax Court on July 31, 2018. A hearing for the appeal has not yet been scheduled. The Company filed Mutual Agreement Procedure applications in Canada on December 21, 2018, and in Argentina on March 29, 2019, pursuant to the Canada-Argentina Income Tax Convention Act (the “Canada-Argentina Tax Treaty”) to escalate resolution of the Tax Assessment to the competent authority (as defined in the Canada-Argentina Tax Treaty) in an effort to seek efficient resolution of the matter. In November 2018, MAS received notice that AFIP filed criminal charges against current and former employees serving on its board of directors when the 2010 and 2011 tax returns were filed (the “Criminal Tax Case”). Hearings for the Criminal Tax Case were held between March 25 and March 27, 2019. The defendants filed a motion to dismiss based on the statute of limitations, which was granted in part and appealed by the prosecution. On June 2, 2021 the trial court issued a decision dismissing the Criminal Tax Case against the directors. AFIP appealed and on September 24, 2021, the Mendoza Federal Court of Appeals partially reversed the trial court’s decision, ruling that there was insufficient evidence to either indict the directors or dismiss the case against them, and ordering additional investigation by the trial court. The Criminal Tax Case was remanded to the trial court in accordance with the decision of the Mendoza Federal Court of Appeals, and the trial court has ordered additional evidence to be prepared by the court-appointed expert. The Company believes that the Tax Assessment and the Criminal Tax Case are without merit and intends to defend the proceedings vigorously. Perilla Complaint In 2009, Barrick Gold Inc. and Placer Dome Inc. were purportedly served in Ontario with a complaint filed in November 2008 in the Regional Trial Court of Boac (the “Court”), on the Philippine island of Marinduque, on behalf of two named individuals and purportedly on behalf of the approximately 200,000 residents of Marinduque. The complaint alleges injury to the economy and the ecology of Marinduque as a result of the discharge of mine tailings from the Marcopper mine into Calancan Bay, the Boac River, and the Mogpog River. Placer Dome Inc., which was acquired by the Company in 2006, had been a minority indirect shareholder of the Marcopper mine . The plaintiffs are claiming for abatement of a public nuisance allegedly caused by the tailings discharge and for nominal damages for an alleged violation of their constitutional right to a balanced and healthful ecology. In June 2010, Barrick Gold Inc. and Placer Dome Inc. filed a motion to have the Court resolve their unresolved motions to dismiss before considering the plaintiffs' motion to admit an amended complaint and also filed an opposition to the plaintiffs' motion to admit on the same basis. By Order dated November 9, 2011, the Court granted a motion to suspend the proceedings filed by the plaintiffs. It is not known when these motions or the outstanding motions to dismiss will be decided by the Court. To date neither the plaintiffs nor the Company has advised the Court of an intention to resume the proceedings. The Company intends to defend the action vigorously. No amounts have been recorded for any potential liability under this complaint, as the Company cannot reasonably predict the outcome. Writ of Kalikasan In February 2011, a Petition for the Issuance of a Writ of Kalikasan with Prayer for Temporary Environmental Protection Order was filed in the Supreme Court of the Republic of the Philippines (the “Supreme Court”) in Eliza M. Hernandez, Mamerto M. Lanete and Godofredo L. Manoy (the “Petitioners”) versus Placer Dome Inc. and Barrick Gold Corporation. In March 2011, the Supreme Court issued an En Banc Resolution and Writ of Kalikasan, directed service of summons on Placer Dome Inc. (“Placer Dome”) and the Company, ordered Placer Dome and the Company to make a verified return of the Writ within ten pleaded that the Company is liable for the alleged actions and omissions of Placer Dome, which was a minority indirect shareholder of Marcopper at all relevant times, and is seeking orders requiring the Company to environmentally remediate the areas in and around the mine site that are alleged to have sustained environmental impacts. A Writ of Kalikasan brought under the then-new Rules of Procedure in Environmental Cases (the “Environmental Rules”) is intended to be a mechanism for speedy relief and the Environmental Rules impose rigid deadlines and other requirements on such proceedings, including that a petitioner file and serve all evidence on which it relies at the outset of the proceeding and a respondent file all evidence on which it relies within 10 days of being served. While the Company complied with this requirement and filed extensive affidavit evidence, including expert affidavits, at the time it filed its Return Ad Cautelam in April 2011, the Petitioners did not file any affidavits in support of their Writ and the only evidence filed or referenced by the Petitioners was various documents and news articles with no person testifying to their contents. The Company filed a motion challenging the Court’s jurisdiction over both the proceedings and the Company at the outset of the proceedings, and also challenged the constitutionality of the Environmental Rules pursuant to which the Petition was filed. In October 2011, the proceedings were suspended to permit the Petitioners to explore the possibility of a settlement. Although discussions ended without a resulting settlement by December 2013, with the exception of a few inquiries by the Court as to the status of the settlement and the Petitioners’ intentions, the proceedings remained essentially inactive between October 2011 and September 2018 when the Petitioners sought to have the suspension lifted and the proceedings resume. In March 2019, the Court lifted the suspension of proceedings. Between March 2019, when the suspension of proceedings was lifted and January 2020, the Court has: (i) rejected the Company’s constitutional objections and held that the Court has jurisdiction based on a “tentative” determination that the Company was doing business in the Philippines made exclusively on the basis of unproved allegations made by the Petitioners in their petition; (ii) directed a court-annexed mediation, which did not result in settlement; (iii) dismissed the Company’s arguments that the proceedings should be dismissed for delay, laches and due process reasons; (iv) conducted a preliminary case conference in January 2020; and (v) permitted the Petitioners to file late two affidavits in September 2019, over the Company’s objections. The Company has consistently challenged all adverse Court decisions, including by way of certiorari to the Supreme Court. In all instances, such attempts have been unsuccessful. A tentative trial date in March 2020 was postponed due to the Philippine government's response to the Covid-19 pandemic. Subsequently, a September 2020 trial date was set, but later cancelled by the Court because of a late request by Petitioners’ counsel, over the objections of the Company. Since June 2020, the Petitioners have taken numerous st

MATERIAL ACCOUNTING POLICY IN_2

MATERIAL ACCOUNTING POLICY INFORMATION (Policies)	12 Months Ended
	Dec. 31, 2021
Material accounting policy information [Abstract]
Statement of Compliance	Statement of ComplianceThese consolidated financial statements have been prepared in accordance with International Financial Reporting Standards (“IFRS”) as issued by the International Accounting Standards Board (“IASB”) under the historical cost convention, as modified by revaluation of derivative contracts and certain financial assets. Accounting policies are consistently applied to all years presented, unless otherwise stated. These consolidated financial statements were approved for issuance by the Board of Directors on February 15, 2022.
Description of accounting policy for subsidiaries [text block]	These consolidated financial statements include the accounts of Barrick, its subsidiaries its share of joint operations (“JO”) and its equity share of joint ventures (“JV”). For non wholly-owned, controlled subsidiaries, profit or loss for the period that is attributable to non-controlling interests is typically calculated based on the ownership of the minority shareholders in the subsidiary.
Business Combinations	Business CombinationsOn the acquisition of a business, the acquisition method of accounting is used.
Foreign Currency Translation	Foreign Currency Translation The functional currency of all of our operations is the US dollar. We translate non-US dollar balances for these operations into US dollars as follows: ▪ Property, plant and equipment (“PP&E”), intangible assets and equity method investments using the rates at the time of acquisition; ▪ Fair value through other comprehensive income (“FVOCI”) equity investments using the closing exchange rate as at the balance sheet date with translation gains and losses permanently recorded in Other Comprehensive Income (“OCI”); ▪ Deferred tax assets and liabilities using the closing exchange rate as at the balance sheet date with translation gains and losses recorded in income tax expense; ▪ Other assets and liabilities using the closing exchange rate as at the balance sheet date with translation gains and losses recorded in other income/expense; and ▪ Income and expenses using the average exchange rate for the period, except for expenses that relate to non-monetary assets and liabilities measured at historical rates, which are translated using the same historical rate as the associated non-monetary assets and liabilities.
Revenue Recognition	Revenue RecognitionWe sell our production in the world market through the following distribution channels: gold bullion is sold in the gold spot market, to independent refineries or to our non-controlling interest holders; and gold and copper concentrate is sold to independent smelting or trading companies. Gold Bullion Sales Gold bullion is sold primarily in the London spot market. The sale price is fixed on the date of sale based on the gold spot price. Generally, we record revenue from gold bullion sales at the time of physical delivery, which is also the date that title to the gold passes. Concentrate Sales Under the terms of concentrate sales contracts with independent smelting companies, gold and copper sales prices are provisionally set on a specified future date after shipment based on market prices. We record revenues under these contracts at the time of shipment, which is also when the risk and rewards of ownership pass to the smelting companies, using forward market gold and copper prices on the expected date that final sales prices will be determined. Variations between the price recorded at the shipment date and the actual final price set under the smelting contracts are caused by changes in market gold and copper prices, which result in the existence of an embedded derivative in accounts receivable. The embedded derivative is recorded at fair value each period until final settlement occurs, with changes in fair value classified as provisional price adjustments and included in revenue in the consolidated statement of income and presented separately in note 6 of these consolidated financial statements.
Exploration and Evaluation	Exploration and Evaluation Exploration expenditures are the costs incurred in the initial search for mineral deposits with economic potential or in the process of obtaining more information about existing mineral deposits. Exploration expenditures typically include costs associated with prospecting, sampling, mapping, diamond drilling and other work involved in searching for ore. Evaluation expenditures are the costs incurred to establish the technical and commercial viability of developing mineral deposits identified through exploration activities or by acquisition. Evaluation expenditures include the cost of (i) establishing the volume and grade of deposits through drilling of core samples, trenching and sampling activities in an ore body that is classified as either a mineral resource or a proven and probable reserve; (ii) determining the optimal methods of extraction and metallurgical and treatment processes; (iii) studies related to surveying, transportation and infrastructure requirements; (iv) permitting activities; and (v) economic evaluations to determine whether development of the mineralized material is commercially justified, including scoping, prefeasibility and final feasibility studies. Exploration and evaluation expenditures are expensed as incurred unless management determines that probable future economic benefits will be generated as a result of the expenditures. Once the technical feasibility and commercial viability of a program or project has been demonstrated with a prefeasibility study, and we have recognized reserves in accordance with the Canadian Securities Administrators’ National Instrument 43-101 - Standards of Disclosure for Mineral Projects , we account for future expenditures incurred in the development of that program or project in accordance with our policy for Property, Plant and Equipment, as described in note 2l.
Production Stage	Production Stage A mine that is under construction is determined to enter the production stage when the project is in the location and condition necessary for it to be capable of operating in the manner intended by management. We use the following factors to assess whether these criteria have been met: (1) the level of capital expenditures compared to construction cost estimates; (2) the completion of a reasonable period of commissioning and testing of mine plant and equipment; (3) the ability to produce minerals in saleable form (within specifications); and (4) the ability to sustain ongoing production of minerals. When a mine construction project moves into the production stage, the capitalization of certain mine construction costs ceases and costs are either capitalized to inventory or expensed, except for capitalizable costs related to property, plant and equipment additions or improvements, open pit stripping activities that provide a future benefit, underground mine development or expenditures that meet the criteria for capitalization in accordance with IAS 16 Property, Plant and Equipment. Construction-in-Progress Assets under construction are capitalized as construction-in-progress until the asset is available for use. The cost of construction-in-progress comprises its purchase price and any costs directly attributable to bringing it into working condition for its intended use. Construction-in-progress amounts related to development projects are included in the carrying amount of the development project. Construction-in-progress amounts incurred at operating mines are presented as a separate asset within PP&E. Construction-in-progress also includes deposits on long lead items. Construction-in-progress is not depreciated. Depreciation commences once the asset is complete, commissioned and available for use.
Taxation	Taxation Current tax for each taxable entity is based on the local taxable income at the local statutory tax rate enacted or substantively enacted at the balance sheet date and includes adjustments to tax payable or recoverable in respect of previous periods. Deferred tax is recognized using the balance sheet method in respect of all temporary differences between the tax bases of assets and liabilities, and their carrying amounts for financial reporting purposes, except as indicated below. Deferred income tax liabilities are recognized for all taxable temporary differences, except: • Where the deferred income tax liability arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in an acquisition that is not a business combination and, at the time of the acquisition, affects neither the accounting profit nor taxable profit or loss; and • In respect of taxable temporary differences associated with investments in subsidiaries and interests in joint arrangements, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred income tax assets are recognized for all deductible temporary differences and the carry forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax assets and unused tax losses can be utilized, except: • Where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in an acquisition that is not a business combination and, at the time of the acquisition, affects neither the accounting profit nor taxable profit or loss; and • In respect of deductible temporary differences associated with investments in subsidiaries and interests in joint arrangements, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. To the extent that an asset not previously recognized fulfills the criteria for recognition, a deferred income tax asset is recorded. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which the asset is realized or the liability is settled, based on tax rates and tax laws enacted or substantively enacted at the balance sheet date. Current and deferred tax relating to items recognized directly in equity are recognized in equity and not in the income statement. The Company is subject to assessments by various taxation authorities, who may interpret tax legislation differently than the Company. Tax liabilities for uncertain tax positions are adjusted by the Company to reflect its best estimate of the probable outcome of assessments and in light of changing facts and circumstances, such as the completion of a tax audit, expiration of a statute of limitations, the refinement of an estimate, and interest accruals associated with the uncertain tax positions until they are resolved. Some of these adjustments require significant judgment in estimating the timing and amount of any additional tax expense. Royalties and Special Mining Taxes Income tax expense includes the cost of royalties and special mining taxes payable to governments that are calculated based on a percentage of taxable profit whereby taxable profit represents net income adjusted for certain items defined in the applicable legislation. Indirect Taxes Indirect tax recoverable is recorded at its undiscounted amount, and is disclosed as non-current if not expected to be recovered within twelve months.
Deferred Taxes	Deferred tax is recognized using the balance sheet method in respect of all temporary differences between the tax bases of assets and liabilities, and their carrying amounts for financial reporting purposes, except as indicated below. Deferred income tax liabilities are recognized for all taxable temporary differences, except: • Where the deferred income tax liability arises from the initial recognition of goodwill, or the initial recognition of an asset or liability in an acquisition that is not a business combination and, at the time of the acquisition, affects neither the accounting profit nor taxable profit or loss; and • In respect of taxable temporary differences associated with investments in subsidiaries and interests in joint arrangements, where the timing of the reversal of the temporary differences can be controlled and it is probable that the temporary differences will not reverse in the foreseeable future. Deferred income tax assets are recognized for all deductible temporary differences and the carry forward of unused tax assets and unused tax losses, to the extent that it is probable that taxable profit will be available against which the deductible temporary differences and the carry forward of unused tax assets and unused tax losses can be utilized, except: • Where the deferred income tax asset relating to the deductible temporary difference arises from the initial recognition of an asset or liability in an acquisition that is not a business combination and, at the time of the acquisition, affects neither the accounting profit nor taxable profit or loss; and • In respect of deductible temporary differences associated with investments in subsidiaries and interests in joint arrangements, deferred tax assets are recognized only to the extent that it is probable that the temporary differences will reverse in the foreseeable future and taxable profit will be available against which the temporary differences can be utilized. The carrying amount of deferred income tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be available to allow all or part of the deferred income tax asset to be utilized. To the extent that an asset not previously recognized fulfills the criteria for recognition, a deferred income tax asset is recorded.
Indirect Taxes	Current and deferred tax relating to items recognized directly in equity are recognized in equity and not in the income statement. The Company is subject to assessments by various taxation authorities, who may interpret tax legislation differently than the Company. Tax liabilities for uncertain tax positions are adjusted by the Company to reflect its best estimate of the probable outcome of assessments and in light of changing facts and circumstances, such as the completion of a tax audit, expiration of a statute of limitations, the refinement of an estimate, and interest accruals associated with the uncertain tax positions until they are resolved. Some of these adjustments require significant judgment in estimating the timing and amount of any additional tax expense. Royalties and Special Mining Taxes Income tax expense includes the cost of royalties and special mining taxes payable to governments that are calculated based on a percentage of taxable profit whereby taxable profit represents net income adjusted for certain items defined in the applicable legislation. Indirect Taxes Indirect tax recoverable is recorded at its undiscounted amount, and is disclosed as non-current if not expected to be recovered within twelve months.
Other Investments	Other Investments Investments in publicly quoted equity securities that are neither subsidiaries nor associates are categorized as FVOCI pursuant to the irrevocable election available in IFRS 9 for these instruments. FVOCI equity investments are recorded at fair value with all realized and unrealized gains and losses recorded permanently in OCI. Warrant investments are classified as fair value through profit or loss (“FVPL”).
Inventory	Inventory Material extracted from our mines is classified as either ore or waste. Ore represents material that, at the time of extraction, we expect to process into a saleable form and sell at a profit. Raw materials are comprised of both ore in stockpiles and ore on leach pads as processing is required to extract benefit from the ore. Ore is accumulated in stockpiles that are subsequently processed into gold/copper in a saleable form. The recovery of gold and copper from certain oxide ores is achieved through the heap leaching process. Work in process represents gold/copper in the processing circuit that has not completed the production process, and is not yet in a saleable form. Finished goods inventory represents gold/copper in saleable form. Metal inventories are valued at the lower of cost and net realizable value. Cost is determined on a weighted average basis and includes all costs incurred, based on a normal production capacity, in bringing each product to its present location and condition. Cost of inventories comprises direct labor, materials and contractor expenses, including non-capitalized stripping costs; depreciation on PP&E including capitalized stripping costs; and an allocation of general and administrative costs. As ore is removed for processing, costs are removed based on the average cost per ounce/pound in the stockpile. Net realizable value is determined with reference to relevant market prices less applicable variable selling and processing costs. Mine operating supplies represent commodity consumables and other raw materials used in the production process, as well as spare parts and other maintenance supplies that are not classified as capital items. Provisions are recorded to reduce mine operating supplies to net realizable value, which is generally calculated by reference to its salvage or scrap value, when it is determined that the supplies are obsolete. Inventory provisions are reversed to reflect subsequent recoveries in net realizable value where the inventory is still on hand.
Royalties	Royalties Certain of our properties are subject to royalty arrangements based on mineral production at the properties. The primary type of royalty is a net smelter return (“NSR”) royalty. Under this type of royalty we pay the holder an amount calculated as the royalty percentage multiplied by the value of gold production at market gold prices less third-party smelting, refining and transportation costs. Royalty expense is recorded on completion of the production or sales process in cost of sales. Other types of royalties include: • Net profits interest (“NPI”) royalty to a party other than a government, • Modified net smelter return (“NSR”) royalty, • Net smelter return sliding scale (“NSRSS”) royalty, • Gross proceeds sliding scale (“GPSS”) royalty, • Gross smelter return (“GSR”) royalty, • Net value (“NV”) royalty, • Land tenement (“LT”) royalty, and a • Gold revenue royalty.
Property, Plant and Equipment	Property, Plant and Equipment Estimated useful lives of Major Asset Categories Buildings, plant and equipment 1 - 38 years Underground mobile equipment 3 - 7 years Light vehicles and other mobile equipment 1 - 7 years Furniture, computer and office equipment 1 - 7 years Buildings, Plant and Equipment At acquisition, we record buildings, plant and equipment at cost, including all expenditures incurred to prepare an asset for its intended use. These expenditures consist of: the purchase price; brokers’ commissions; and installation costs including architectural, design and engineering fees, legal fees, survey costs, site preparation costs, freight charges, transportation insurance costs, duties, testing and preparation charges. Buildings, plant and equipment are depreciated on a straight-line basis over their expected useful life, which commences when the assets are considered available for use. Once buildings, plant and equipment are considered available for use, they are measured at cost less accumulated depreciation and applicable impairment losses. Depreciation on equipment utilized in the development of assets, including open pit and underground mine development, is recapitalized as development costs attributable to the related asset.
Mineral Properties	Mineral Properties Mineral properties consist of: the fair value attributable to mineral reserves and resources acquired in a business combination or asset acquisition; underground mine development costs; open pit mine development costs; capitalized exploration and evaluation costs; and capitalized interest. In addition, we incur project costs which are generally capitalized when the expenditures result in a future benefit. i) Acquired Mining Properties On acquisition of a mining property, we prepare an estimate of the fair value attributable to the proven and probable mineral reserves, mineral resources and exploration potential attributable to the property. The estimated fair value attributable to the mineral reserves and the portion of mineral resources considered to be probable of economic extraction at the time of the acquisition is depreciated on a units of production (“UOP”) basis whereby the denominator is the proven and probable reserves and the portion of mineral resources considered to be probable of economic extraction based on the current life of mine (“LOM”) plan that benefit from the development and are considered probable of economic extraction. The estimated fair value attributable to mineral resources that are not considered to be probable of economic extraction at the time of the acquisition is not subject to depreciation until the resources become probable of economic extraction in the future. The estimated fair value attributable to exploration licenses is recorded as an intangible asset and is not subject to depreciation until the property enters production. ii) Underground Mine Development Costs At our underground mines, we incur development costs to build new shafts, drifts and ramps that will enable us to physically access ore underground. The time over which we will continue to incur these costs depends on the mine life. These underground development costs are capitalized as incurred. Capitalized underground development costs are depreciated on a UOP basis, whereby the denominator is the estimated ounces/pounds of gold/copper in proven and probable reserves and the portion of resources considered probable of economic extraction based on the current LOM plan that benefit from the development and are considered probable of economic extraction. iii) Open Pit Mine Development Costs In open pit mining operations, it is necessary to remove overburden and other waste materials to access ore from which minerals can be extracted economically. The process of mining overburden and waste materials is referred to as stripping. Stripping costs incurred in order to provide initial access to the ore body (referred to as pre-production stripping) are capitalized as open pit mine development costs. Pre-production stripping costs are capitalized until an “other than de minimis” level of mineral is extracted, after which time such costs are either capitalized to inventory or, if it qualifies as an open pit stripping activity that provides a future benefit, to PP&E. We consider various relevant criteria to assess when an “other than de minimis” level of mineral is produced. Some of the criteria considered would include, but are not limited to, the following: (1) the amount of minerals mined versus total ounces in ore expected over the LOM; (2) the amount of ore tonnes mined versus total LOM expected ore tonnes mined; (3) the current stripping ratio versus the strip ratio expected over the LOM; and (4) the ore grade mined versus the grade expected over the LOM. Stripping costs incurred during the production stage of an open pit are accounted for as costs of the inventory produced during the period that the stripping costs are incurred, unless these costs are expected to provide a future economic benefit to an identifiable component of the ore body. Components of the ore body are based on the distinct development phases identified by the mine planning engineers when determining the optimal development plan for the open pit. Production phase stripping costs generate a future economic benefit when the related stripping activity: (1) improves access to a component of the ore body to be mined in the future; (2) increases the fair value of the mine (or open pit) as access to future mineral reserves becomes less costly; and (3) increases the productive capacity or extends the productive life of the mine (or open pit). Production phase stripping costs that are expected to generate a future economic benefit are capitalized as open pit mine development costs. Capitalized open pit mine development costs are depreciated on a UOP basis whereby the denominator is the estimated ounces/pounds of gold/copper in proven and probable reserves and the portion of resources considered probable of economic extraction based on the current LOM plan that benefit from the development and are considered probable of economic extraction.
Construction in Progress	Production Stage A mine that is under construction is determined to enter the production stage when the project is in the location and condition necessary for it to be capable of operating in the manner intended by management. We use the following factors to assess whether these criteria have been met: (1) the level of capital expenditures compared to construction cost estimates; (2) the completion of a reasonable period of commissioning and testing of mine plant and equipment; (3) the ability to produce minerals in saleable form (within specifications); and (4) the ability to sustain ongoing production of minerals. When a mine construction project moves into the production stage, the capitalization of certain mine construction costs ceases and costs are either capitalized to inventory or expensed, except for capitalizable costs related to property, plant and equipment additions or improvements, open pit stripping activities that provide a future benefit, underground mine development or expenditures that meet the criteria for capitalization in accordance with IAS 16 Property, Plant and Equipment. Construction-in-Progress Assets under construction are capitalized as construction-in-progress until the asset is available for use. The cost of construction-in-progress comprises its purchase price and any costs directly attributable to bringing it into working condition for its intended use. Construction-in-progress amounts related to development projects are included in the carrying amount of the development project. Construction-in-progress amounts incurred at operating mines are presented as a separate asset within PP&E. Construction-in-progress also includes deposits on long lead items. Construction-in-progress is not depreciated. Depreciation commences once the asset is complete, commissioned and available for use.
Capitalized Interest	Capitalized InterestWe capitalize interest costs for qualifying assets. Qualifying assets are assets that require a significant amount of time to prepare for their intended use, including projects that are in the exploration and evaluation, development or construction stages. Qualifying assets also include significant expansion projects at our operating mines. Capitalized interest costs are considered an element of the cost of the qualifying asset which is determined based on gross expenditures incurred on an asset. Capitalization ceases when the asset is substantially complete or if active development is suspended or ceases. Where the funds used to finance a qualifying asset form part of general borrowings, the amount capitalized is calculated using a weighted average of rates applicable to the relevant borrowings during the period. Where funds borrowed are directly attributable to a qualifying asset, the amount capitalized represents the borrowing costs specific to those borrowings. Where surplus funds available out of money borrowed specifically to finance a project are temporarily invested, the total capitalized interest is reduced by income generated from short-term investments of such funds.
Impairment (and Reversals of Impairment) of Non-Current Assets	m) Impairment (and Reversals of Impairment) of Non-Current Assets We review and test the carrying amounts of PP&E and intangible assets with finite lives when an indicator of impairment is considered to exist. Impairment assessments on PP&E and intangible assets are conducted at the level of the cash generating unit (“CGU”), which is the lowest level for which identifiable cash flows are largely independent of the cash flows of other assets and includes most liabilities specific to the CGU. For operating mines and projects, the individual mine/project represents a CGU for impairment testing. The recoverable amount of a CGU is the higher of Value in Use (“VIU”) and Fair Value Less Costs of Disposal (“FVLCD”). We have determined that the FVLCD is greater than the VIU amounts and is therefore used as the recoverable amount for impairment testing purposes. An impairment loss is recognized for any excess of the carrying amount of a CGU over its recoverable amount where both the recoverable amount and carrying value include the associated other assets and liabilities, including taxes where applicable, of the CGU. Where it is not appropriate to allocate the loss to a separate asset, an impairment loss related to a CGU is allocated to the carrying amount of the assets of the CGU on a pro rata basis based on the carrying amount of its non-monetary assets.
Intangible Assets	Intangible Assets On acquisition of a mineral property in the exploration stage, we prepare an estimate of the fair value attributable to the exploration licenses acquired, including the fair value attributable to mineral resources, if any, of that property. The fair value of the exploration license is recorded as an intangible asset (acquired exploration potential) as at the date of acquisition. When an exploration stage property moves into development, the acquired exploration potential attributable to that property is transferred to mining interests within PP&E. We also have water rights associated with our mineral properties. Upon acquisition, they are measured at initial cost and are depreciated when they are being used. They are also subject to impairment testing when an indicator of impairment is considered to exist.
Goodwill	GoodwillGoodwill is tested for impairment in the fourth quarter and also when there is an indicator of impairment. At the date of acquisition, goodwill is assigned to the CGU or group of CGUs that is expected to benefit from the synergies of the business combination. For the purposes of impairment testing, goodwill is allocated to the Company’s operating segments, which are our individual minesites, and corresponds to the level at which goodwill is internally monitored by the Chief Operating Decision Maker (“CODM”). Goodwill impairment charges are not reversible.
Debt	DebtDebt is recognized initially at fair value, net of financing costs incurred, and subsequently measured at amortized cost. Any difference between the amounts originally received and the redemption value of the debt is recognized in the consolidated statements of income over the period to maturity using the effective interest method.
Environmental Rehabilitation Provision	Environmental Rehabilitation ProvisionMining, extraction and processing activities normally give rise to obligations for environmental rehabilitation. Rehabilitation work can include facility decommissioning and dismantling; removal or treatment of waste materials; site and land rehabilitation, including compliance with and monitoring of environmental regulations; security and other site-related costs required to perform the rehabilitation work; and operation of equipment designed to reduce or eliminate environmental effects. The extent of work required and the associated costs are dependent on the requirements of relevant authorities and our environmental policies. Routine operating costs that may impact the ultimate closure and rehabilitation activities, such as waste material handling conducted as an integral part of a mining or production process, are not included in the provision. Abnormal costs arising from unforeseen circumstances, such as the contamination caused by unplanned discharges, are recognized as an expense and liability when the event that gives rise to an obligation occurs and reliable estimates of the required rehabilitation costs can be made. Provisions for the cost of each rehabilitation program are normally recognized at the time that an environmental disturbance occurs or a new legal or constructive obligation is determined. When the extent of disturbance increases over the life of an operation, the provision is increased accordingly. The major parts of the carrying amount of provisions relate to closure/rehabilitation of tailings facilities, heap leach pads and waste dumps; demolition of buildings/mine facilities; ongoing water treatment; and ongoing care and maintenance and security of closed mines. Costs included in the provision encompass all closure and rehabilitation activity expected to occur progressively over the life of the operation at the time of closure and post-closure in connection with disturbances as at the reporting date. Estimated costs included in the determination of the provision reflect the risks and probabilities of alternative estimates of cash flows required to settle the obligation at each particular operation. The expected rehabilitation costs are estimated based on the cost of external contractors performing the work or the cost of performing the work internally depending on management’s intention. The timing of the actual rehabilitation expenditure is dependent upon a number of factors such as the life and nature of the asset, the operating license conditions and the environment in which the mine operates. Expenditures may occur before and after closure and can continue for an extended period of time depending on rehabilitation requirements. Rehabilitation provisions are measured at the expected value of future cash flows, which exclude the effect of inflation, discounted to their present value using a current US dollar real risk-free pre-tax discount rate. The unwinding of the discount, referred to as accretion expense, is included in finance costs and results in an increase in the amount of the provision. Provisions are updated each reporting period for changes to expected cash flows and for the effect of changes in the discount rate, and 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. Significant judgments and estimates are involved in forming expectations of future activities, the amount and timing of the associated cash flows and the period over which we estimate those cash flows. Those expectations are formed based on existing environmental and regulatory requirements or, if more stringent, our environmental policies which give rise to a constructive obligation. When provisions for closure and rehabilitation are initially recognized, the corresponding cost is capitalized as an asset, representing part of the cost of acquiring the future economic benefits of the operation. The capitalized cost of closure and rehabilitation activities is recognized in PP&E 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. The principal factors that can cause expected cash flows to change are: the construction of new processing facilities; changes in the quantities of material in reserves and resources with a corresponding change in the life of mine plan; changing ore characteristics that impact required environmental protection measures and related costs; changes in water quality or volumes that impact the extent of water treatment required; changes in discount rates; changes in foreign exchange rates; changes in Barrick’s closure policies; and changes in laws and regulations governing the protection of the environment. Rehabilitation provisions are adjusted as a result of changes in estimates and assumptions. Those adjustments are accounted for as a change in the corresponding cost of the related assets, including the related mineral property, except where a reduction in the provision is greater than the remaining net book value of the related assets, in which case the value is reduced to nil and the remaining adjustment is recognized in the consolidated statements of income. In the case of closed sites, changes in estimates and assumptions are recognized immediately in the consolidated statements of income. For an operating mine, the adjusted carrying amount of the related asset is depreciated prospectively. Adjustments also result in changes to future finance costs. Provisions are discounted to their present value using a current US dollar real risk-free pre-tax discount rate and the accretion expense is included in finance costs.
Stock-Based Compensation	Stock-Based Compensation We recognize the expense related to these plans over the vesting period, beginning once the grant has been approved and announced to the beneficiaries. Cash-settled awards are measured at fair value initially using the market value of the underlying shares on the day preceding the date of the grant of the award and are required to be remeasured to fair value at each reporting date until settlement. The cost is then recorded over the vesting period of the award. This expense, and any changes in the fair value of the award, is recorded to the same expense category as the award recipient’s payroll costs. The cost of a cash-settled award is recorded within liabilities until settled. Barrick offers cash-settled (Restricted Share Units (“RSU”), Deferred Share Units (“DSU”) and Performance Granted Share Units (“PGSU”)) awards to certain employees, officers and directors of the Company. We use the accelerated method (also referred to as ‘graded’ vesting) for attributing stock option expense over the vesting period. Stock option expense incorporates an expected forfeiture rate. The expected forfeiture rate is estimated based on historical forfeiture rates and expectations of future forfeiture rates. We make adjustments if the actual forfeiture rate differs from the expected rate. Restricted Share Units Under our Long-Term Incentive Plan, selected employees are granted RSUs where each RSU has a value equal to one Barrick common share. RSUs generally vest within three may be used to purchase common shares on the open market, depending on the terms of the grant. Additional RSUs are credited to reflect dividends paid on Barrick common shares over the vesting period. A liability for RSUs is measured at fair value on the grant date and is subsequently adjusted for changes in fair value. The liability is recognized on a straight-line basis over the vesting period, with a corresponding charge to compensation expense, as a component of general and administrative expenses and cost of sales. Compensation expenses for RSUs incorporate an estimate for expected forfeiture rates based on which the fair value is adjusted. Deferred Share Units Under our DSU plan, Directors must receive at least 63.6% of their basic annual retainer in the form of DSUs or cash to purchase common shares that cannot be sold, transferred or otherwise disposed of until the Director leaves the Board. Each DSU has the same value as one Barrick common share. DSUs must be retained until the Director leaves the Board, at which time the cash value of the DSUs is paid out. Additional DSUs are credited to reflect dividends paid on Barrick common shares. The initial fair value of the liability is calculated as of the grant date and is recognized immediately. Subsequently, at each reporting date and on settlement, the liability is remeasured, with any change in fair value recorded as compensation expense in the period. Officers may also elect to receive a portion or all of their incentive compensation in the form of DSUs. We also allow granting of DSUs to other officers and employees at the discretion of the Board Compensation Committee. Performance Granted Share Units Under our PGSU plan, selected employees are granted PGSUs, where each PGSU has a value equal to one Barrick common share. Annual PGSU awards are determined based on a multiple ranging from three to six times base salary (depending on position and level of responsibility) multiplied by a performance factor. The number of PGSUs granted to a plan participant is determined by dividing the dollar value of the award by the closing price of Barrick common shares on the day prior to the grant, or if the grant date occurs during a blackout period, by the greater of (i) the closing price of Barrick common shares on the day prior to the grant date and (ii) the closing price of Barrick Common Shares on the first day following the expiration of the blackout. PGSUs vest within three The initial fair value of the liability is calculated as of the grant date and is recognized within compensation expense using the straight-line method over the vesting period. Subsequently, at each reporting date and on settlement, the liability is remeasured, with any changes in fair value recorded as compensation expense.
New Accounting Standards Adopted during the Year	New Accounting Standards Adopted during the YearDisclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements)We have early adopted ‘Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements)’ starting with these financial statements. The amendments to IAS 1 provide guidance and examples to help entities apply materiality judgments to the accounting policy disclosures included in this note 2.
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.

MATERIAL ACCOUNTING POLICY IN_3

MATERIAL ACCOUNTING POLICY INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Material accounting policy information [Abstract]
Schedule of subsidiaries other than 100% owned Barrick subsidiaries	Outlined below is information related to our joint arrangements and entities other than 100% owned Barrick subsidiaries at December 31, 2021: Place of business Entity type Economic interest 1 Method 2 Nevada Gold Mines 3,4 United States Subsidiary 61.5% Consolidation North Mara 3,5 Tanzania Subsidiary 84% Consolidation Bulyanhulu 3,5 Tanzania Subsidiary 84% Consolidation Buzwagi 3,5 Tanzania Subsidiary 84% Consolidation Loulo-Gounkoto 3 Mali Subsidiary 80% Consolidation Tongon 3 Côte d’Ivoire Subsidiary 89.7% Consolidation Pueblo Viejo 3 Dominican Republic Subsidiary 60% Consolidation Norte Abierto Project Chile JO 50% Our share Donlin Gold Project United States JO 50% Our share Porgera Mine 6,7 Papua New Guinea JO 47.5% Our share Veladero Argentina JO 50% Our share Kibali 8 Democratic Republic of Congo JV 45% Equity Method Jabal Sayid 8 Saudi Arabia JV 50% Equity Method Zaldívar 8 Chile JV 50% Equity Method 1 Unless otherwise noted, all of our JOs are funded by contributions made by the parties sharing joint control in proportion to their economic interest. 2 For our JOs, we recognize our share of any assets, liabilities, revenues and expenses of the JO. 3 We consolidate our interests in Carlin, Cortez, Turquoise Ridge, Phoenix, Long Canyon, North Mara, Bulyanhulu, Buzwagi, Loulo-Gounkoto, Tongon and Pueblo Viejo and record a non-controlling interest for the 38.5%, 38.5%, 38.5%, 38.5%, 38.5%, 16%, 16%, 16%, 20%, 10.3% and 40%, respectively, that we do not own. 4 Included within our 61.5% interest in Carlin is Nevada Gold Mines’ (“NGM”) 60% interest in South Arturo. On September 7, 2021, NGM announced it had entered into an Exchange Agreement with i-80 Gold to acquire the 40% interest in South Arturo that NGM did not already own in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure. The exchange transaction closed on October 14, 2021, bringing Barrick’s ownership of South Arturo to 61.5%. 5 As part of the Framework Agreement effective January 1, 2020, the Government of Tanzania receives half of the economic benefits from the Tanzanian operations (Bulyanhulu, Buzwagi and North Mara) from taxes, royalties, clearing fees and participation in all cash distributions made by the mines, after the recoupment of capital investments. Earnings are recorded on a proportional basis based on our equity interests each period, with a true-up calculated and recorded annually to ensure the terms of the agreement are being fulfilled. 6 We have joint control given that decisions about relevant activities require unanimous consent of the parties to the joint operation. 7 We recognize our share of Porgera on a 47.5% interest basis, reflecting Barrick’s undisputed ownership position prior to April 24, 2020, and the ownership position Barrick is asserting in its legal proceedings in the Papua New Guinea (“PNG”) court. On August 16, 2019, the special mining lease (the “SML”) at Porgera was terminated and on April 24, 2020, the PNG government indicated that the SML would not be extended. On April 9, 2021, the PNG government and Barrick Nuigini Limited (“BNL”), the 95% owner and operator of the Porgera joint venture, agreed on a partnership for the future ownership and operation of the mine under a binding Framework Agreement. The Framework Agreement was replaced by the more detailed Commencement Agreement, which became effective on February 3, 2022. Under the terms of the binding Commencement Agreement, ownership of Porgera will be held in a new joint venture owned 51% by PNG stakeholders and 49% by BNL or an affiliate. BNL is jointly owned on a 50/50 basis by Barrick and Zijin Mining Group and therefore Barrick expects to hold a 24.5% interest in the Porgera mine following the implementation of the Commencement Agreement. BNL will retain operatorship of the mine. The parties are working towards the signing of definitive agreements, at which time, full mine recommencement work will begin. For additional information, see note 35. 8 Barrick has commitments of $574 million relating to its interest in the joint ventures, including purchase obligations disclosed in note 17 and capital commitments disclosed in note 19.
Schedule of estimated useful lives of major asset categories	Estimated useful lives of Major Asset Categories Buildings, plant and equipment 1 - 38 years Underground mobile equipment 3 - 7 years Light vehicles and other mobile equipment 1 - 7 years Furniture, computer and office equipment 1 - 7 years

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2021
Operating Segments [Abstract]
Schedules of segment information	Consolidated Statements of Income Information Cost of Sales For the year ended December 31, 2021 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $2,687 $1,175 $276 $22 $25 $1,189 Cortez 2 1,485 633 294 10 1 547 Turquoise Ridge 2 987 415 200 1 — 371 Pueblo Viejo 2 1,514 505 234 5 11 759 Loulo-Gounkoto 2 1,249 454 278 18 25 474 Kibali 661 232 141 5 5 278 Veladero 382 177 85 1 1 118 North Mara 2 552 240 56 — 2 254 Bulyanhulu 2 361 155 57 — 2 147 Other Mines 2 2,659 1,179 580 10 81 809 Reportable segment total $12,537 $5,165 $2,201 $72 $153 $4,946 Share of equity investee (661) (232) (141) (5) (5) (278) Segment total $11,876 $4,933 $2,060 $67 $148 $4,668 Consolidated Statements of Income Information Cost of Sales For the year ended December 31, 2020 Revenue Site operating costs, royalties and community relations Depreciation Exploration, evaluation and project expenses Other expenses (income) 1 Segment income (loss) Carlin 2 $2,952 $1,318 $306 $30 $1 $1,297 Cortez 2 1,409 543 222 12 4 628 Turquoise Ridge 2 960 391 184 7 3 375 Pueblo Viejo 2 1,613 511 224 11 (6) 873 Loulo-Gounkoto 2 1,208 452 267 11 29 449 Kibali 648 223 174 2 5 244 Veladero 333 144 69 — 6 114 North Mara 2 571 227 91 — (1) 254 Bulyanhulu 2 240 112 72 — 25 31 Other Mines 2 3,124 1,414 715 14 55 926 Reportable segment total $13,058 $5,335 $2,324 $87 $121 $5,191 Share of equity investee (648) (223) (174) (2) (5) (244) Segment total $12,410 $5,112 $2,150 $85 $116 $4,947 1 Includes accretion expense, which is included with finance costs in the consolidated statements of income. For the year ended December 31, 2021, accretion expense was $26 million (2020: $22 million). 2 Includes non-controlling interest portion of revenues, cost of sales and segment income (loss) for the year ended December 31, 2021, for Pueblo Viejo, $617 million, $294 million, $318 million (2020: $660 million, $293 million, $365 million), Nevada Gold Mines, $2,362 million, $1,359 million, $991 million (2020: $2,432 million, $1,369 million, $1,036 million), North Mara, Bulyanhulu and Buzwagi, $159 million, $92 million, $63 million (2020: $194 million, $114 million, $76 million), Loulo-Gounkoto, $250 million, $146 million, $95 million (2020: $242 million, $144 million, $90 million) and Tongon, $38 million, $32 million, $5 million (2020: $52 million, $39 million, $14 million). Reconciliation of Segment Income to Income Before Income Taxes For the years ended December 31 2021 2020 Segment income $4,668 $4,947 Other revenue 109 185 Other cost of sales/amortization (96) (155) Exploration, evaluation and project expenses not attributable to segments (220) (210) General and administrative expenses (151) (185) Other income not attributable to segments 187 262 Impairment reversals 63 269 Loss on currency translation (29) (50) Closed mine rehabilitation (18) (90) Income from equity investees 446 288 Finance costs, net (includes non-segment accretion) 1 (329) (325) Gain on non-hedge derivatives 2 10 Income before income taxes $4,632 $4,946 1 Includes debt extinguishment losses of $nil (2020: $15 million losses). Capital Expenditures Information Segment Capital Expenditures 1 As at December 31, 2021 As at December 31, 2020 Carlin $422 $395 Cortez 277 399 Turquoise Ridge 144 97 Pueblo Viejo 533 228 Loulo-Gounkoto 313 243 Kibali 70 53 Veladero 144 104 North Mara 93 89 Bulyanhulu 80 79 Other Mines 351 345 Reportable segment total $2,427 $2,032 Other items not allocated to segments 129 89 Total $2,556 $2,121 Share of equity investee (70) (53) Total $2,486 $2,068 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. In 2021, cash expenditures were $2,435 million (2020: $2,054 million) and the increase in accrued expenditures was $51 million (2020: $14 million increase).
Schedule of non-current assets at revenue by geographic area	Geographic Information Non-current assets Revenue As at December 31, 2021 As at December 31, 2020 2021 2020 United States $16,355 $16,233 $6,134 $6,298 Mali 4,709 4,659 1,249 1,208 Dominican Republic 4,602 4,219 1,514 1,613 Democratic Republic of Congo 3,267 3,278 — — Chile 1,937 2,027 — — Zambia 1,793 1,720 962 697 Tanzania 1,767 1,703 993 1,214 Argentina 1,739 1,686 382 333 Canada 517 479 291 407 Saudi Arabia 382 369 — — Papua New Guinea 330 347 — 140 Côte d'Ivoire 191 266 369 508 Peru 113 186 91 177 Unallocated 939 1,253 — — Total $38,641 $38,425 $11,985 $12,595

REVENUE (Tables)

REVENUE (Tables)	12 Months Ended
	Dec. 31, 2021
Revenue [abstract]
Schedule of revenue by type	For the years ended December 31 2021 2020 Gold sales 1 Spot market sales $10,491 $11,129 Concentrate sales 246 520 Provisional pricing adjustments 1 21 $10,738 $11,670 Copper sales 1 Copper concentrate sales $915 $644 Provisional pricing adjustments 47 53 $962 $697 Other sales 2 $285 $228 Total $11,985 $12,595 1 Revenues include amounts transferred from OCI to earnings for commodity cash flow hedges. 2 Revenues from the sale of by-products from our gold and copper mines.
Schedule of provisional metal sales	Volumes subject to final pricing Impact on net income before taxation of 10% movement in market price As at December 31 2021 2020 2021 2020 Copper pounds 45 49 $20 $16 Gold ounces 41 22 8 4

COST OF SALES (Tables)

COST OF SALES (Tables)	12 Months Ended
	Dec. 31, 2021
Cost of sales [Abstract]
Schedule of cost of sales	Gold Copper Other 4 Total For the years ended December 31 2021 2020 2021 2020 2021 2020 2021 2020 Site operating cost 1,2,3 $4,218 $4,421 $266 $292 $— $3 $4,484 $4,716 Depreciation 1 1,889 1,975 197 208 16 25 2,102 2,208 Royalty expense 371 410 103 54 — — 474 464 Community relations 26 26 3 2 — 1 29 29 Total $6,504 $6,832 $569 $556 $16 $29 $7,089 $7,417 1 Site operating costs and depreciation include charges to reduce the cost of inventory to net realizable value of $22 million (2020: $29 million). Refer to note 17. 2 Site operating costs includes the costs of extracting by-products. 3 Includes employee costs of $1,396 million (2020: $1,520 million). 4 Other includes corporate amortization.

EXPLORATION, EVALUATION AND P_2

EXPLORATION, EVALUATION AND PROJECT EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2021
Exploration for and evaluation of mineral resources [Abstract]
Schedule of exploration, evaluation and project expenses	For the years ended December 31 2021 2020 Global exploration and evaluation 1 $122 $143 Project costs: Pascua-Lama 46 37 Other 39 27 Corporate development 16 9 Minesite exploration and evaluation 1 64 79 Total exploration, evaluation and project expenses $287 $295 1 Approximates the impact on operating cash flow.

OTHER EXPENSE (INCOME) (Tables)

OTHER EXPENSE (INCOME) (Tables)	12 Months Ended
	Dec. 31, 2021
Other expense (income) [Abstract]
Schedule of other expense (income)	For the years ended December 31 2021 2020 Other Expense: Litigation costs $17 $19 Write-offs (reversals) 12 (1) Bulyanhulu reduced operations program costs 1 — 22 Bank charges 7 16 Porgera care and maintenance costs 51 51 Covid-19 donations — 24 Buzwagi supplies obsolescence 21 — Litigation settlements 25 — Other 17 20 Total other expense $150 $151 Other Income: Gain on sale of long-lived assets 2 ($213) ($180) Remeasurement of silver sale liability 3 — (104) Peru tax disputes settlement — 7 Loss (gain) on warrant investments at FVPL 16 (9) Gain on non-hedge derivatives (2) (10) Interest income on other assets (15) (21) Other (3) (12) Total other income ($217) ($329) Total ($67) ($178) 1 Primarily relates to care and maintenance costs. 2 2021 includes a gain of $205 million from the disposal of Lone Tree. 2020 includes a gain of $59 million from the sale of Eskay Creek, a gain of $54 million from the sale of Massawa, a gain of $27 million from the sale of Morila, and a gain of $22 million from the sale of Bullfrog. Refer to note 4 for further details.

IMPAIRMENT REVERSALS (Tables)

IMPAIRMENT REVERSALS (Tables)	12 Months Ended
	Dec. 31, 2021
Impairment of assets [Abstract]
Schedule of impairment (reversals) charges	For the years ended December 31 2021 2020 Impairment reversals of long-lived assets 1 ($63) ($281) Impairment of intangibles 1 — 12 Total ($63) ($269) 1 Refer to note 21 for further details.

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	12 Months Ended
	Dec. 31, 2021
General and administrative expenses [Abstract]
Schedule of general and administrative expenses	For the years ended December 31 2021 2020 Corporate administration $118 $118 Share-based compensation 33 67 Total 1 $151 $185 1 Includes employee costs of $101 million (2020: $128 million).

INCOME TAX EXPENSE (Tables)

INCOME TAX EXPENSE (Tables)	12 Months Ended
	Dec. 31, 2021
Income tax [Abstract]
Schedule of major components of tax expense (income)	For the years ended December 31 2021 2020 Tax on profit Current tax Charge for the year $1,031 $1,122 Adjustment in respect of prior years 1 (32) 59 $999 $1,181 Deferred tax Origination and reversal of temporary differences in the current year $289 $263 Adjustment in respect of prior years 1 56 (112) $345 $151 Income tax expense $1,344 $1,332 Tax expense related to continuing operations Current Canada ($9) $14 International 1,008 1,167 $999 $1,181 Deferred Canada $38 ($6) International 307 157 $345 $151 Income tax expense $1,344 $1,332
Schedule of reconciliation to Canadian statutory rate	Reconciliation to Canadian Statutory Rate For the years ended December 31 2021 2020 At 26.5% statutory rate $1,228 $1,311 Increase (decrease) due to: Allowances and special tax deductions 1 (138) (151) Impact of foreign tax rates 2 (84) (32) Expenses not tax deductible 118 154 Taxable gains on sales of long-lived assets 24 — Net currency translation (gains) losses on current and deferred tax balances 23 (19) Tax impact from pass-through entities and equity accounted investments (330) (309) Current year tax gains not recognized (18) (9) Recognition and de-recognition of deferred tax assets (31) (61) Adjustments in respect of prior years 24 (53) Increase to income tax related contingent liabilities 19 42 Impact of tax rate changes 66 1 Withholding taxes 110 100 Mining taxes 323 383 Tax impact of amounts recognized within accumulated OCI 8 (21) Other items 2 (4) Income tax expense $1,344 $1,332 1 We are able to claim certain allowances, incentives and tax deductions unique to extractive industries that result in a lower effective tax rate. 2 We operate in multiple foreign tax jurisdictions that have tax rates different than the Canadian statutory rate.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2021
Earnings per share [abstract]
Schedule of earnings (loss) per share	For the years ended December 31 ($ millions, except shares in millions and per share amounts in dollars) 2021 2020 Basic Diluted Basic Diluted Net income $3,288 $3,288 $3,614 $3,614 Net income attributable to non-controlling interests (1,266) (1,266) (1,290) (1,290) Net income attributable to the equity holders of Barrick Gold Corporation $2,022 $2,022 $2,324 $2,324 Weighted average shares outstanding 1,779 1,779 1,778 1,778 Basic and diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation $1.14 $1.14 $1.31 $1.31

FINANCE COSTS, NET (Tables)

FINANCE COSTS, NET (Tables)	12 Months Ended
	Dec. 31, 2021
Finance costs [Abstract]
Schedule of finance costs, net	For the years ended December 31 2021 2020 Interest expense 1 $357 $342 Amortization of debt issue costs 1 2 Amortization of premium (1) (1) Interest on lease liabilities 5 5 Loss (gain) on interest rate hedges 3 (5) Interest capitalized 2 (16) (24) Accretion 48 41 Loss on debt extinguishment — 15 Finance income (42) (28) Total $355 $347 1 Interest in the consolidated statements of cash flow is presented on a cash basis. In 2021, cash interest paid was $303 million (2020: $295 million).

CASH FLOW _ OTHER ITEMS (Tables

CASH FLOW – OTHER ITEMS (Tables)	12 Months Ended
	Dec. 31, 2021
Cash flow statement [Abstract]
Schedule of cash flow - other items	Operating Cash Flows - Other Items For the years ended December 31 2021 2020 Adjustments for non-cash income statement items: Gain on non-hedge derivatives ($2) ($10) Stock-based compensation expense 81 87 Loss (gain) on warrant investments at FVPL 16 (9) Increase in estimate of rehabilitation costs at closed mines 18 90 Net inventory impairment charges (note 17) 13 29 Remeasurement of silver sale liability (note 29) — (104) Buzwagi supplies obsolescence 21 — Change in other assets and liabilities (120) (70) Settlement of stock-based compensation 1 (97) (97) Settlement of rehabilitation obligations (133) (106) Other operating activities ($203) ($190) Cash flow arising from changes in: Accounts receivable ($46) ($192) Inventory (163) 121 Other current assets (178) (133) Accounts payable 140 42 Other current liabilities 1 (26) (49) Change in working capital ($273) ($211) Financing Cash Flows - Other Items For the years ended December 31 2021 2020 Pueblo Viejo JV partner shareholder loan $131 $42 GoT shareholder loan (16) — Debt extinguishment costs — (15) Other — 1 Other financing activities $115 $28

INVESTMENTS (Tables)

INVESTMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Interests in other entities [Abstract]
Schedules of equity accounting method investments	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 from equity investees (140) — — (1) (141) Shareholder loan repayment/disbursements — (1) — (3) (4) At December 31, 2020 $3,279 $369 $967 $55 $4,670 Equity pick-up from equity investees 219 159 68 — 446 Dividends received from equity investees (231) (146) (142) (1) (520) Shareholder loan repayment — — — (2) (2) At December 31, 2021 $3,267 $382 $893 $52 $4,594 Summarized Equity Investee Financial Information Kibali Jabal Sayid Zaldívar For the years ended December 31 2021 2020 2021 2020 2021 2020 Revenue $1,469 $1,440 $597 $400 $847 $595 Cost of sales (excluding depreciation) 515 495 157 154 469 380 Depreciation 314 387 42 54 158 143 Finance expense (income) (1) (1) 1 — (4) 1 Other expense (income) 68 43 (5) 4 25 32 Income before income taxes $573 $516 $402 $188 $199 $39 Income tax expense (141) (94) (84) (40) (61) (15) Net income $432 $422 $318 $148 $138 $24 Total comprehensive income $432 $422 $318 $148 $138 $24 Summarized Balance Sheet Kibali Jabal Sayid Zaldívar For the years ended December 31 2021 2020 2021 2020 2021 2020 Cash and equivalents 1 $1,116 $944 $85 $71 $171 $271 Other current assets 2 298 131 178 68 493 392 Total current assets $1,414 $1,075 $263 $139 $664 $663 Non-current assets 2 4,310 4,559 419 429 2,031 2,123 Total assets $5,724 $5,634 $682 $568 $2,695 $2,786 Current financial liabilities (excluding trade, other payables & provisions) $16 $19 $13 $4 $84 $36 Other current liabilities 143 103 136 59 142 257 Total current liabilities $159 $122 $149 $63 $226 $293 Non-current financial liabilities (excluding trade, other payables & provisions) 68 42 — — 134 125 Other non-current liabilities 709 653 14 12 529 545 Total non-current liabilities $777 $695 $14 $12 $663 $670 Total liabilities $936 $817 $163 $75 $889 $963 Net assets $4,788 $4,817 $519 $493 $1,806 $1,823 1 Kibali cash and equivalents are subject to various steps before they can be distributed to the joint venture shareholders and are held across three banks in the Democratic Republic of Congo, including two domestic banks.
Schedule of reconciliation of summarized financial information to carrying value of equity investee	Reconciliation of Summarized Financial Information to Carrying Value Kibali Jabal Sayid Zaldívar Opening net assets $4,817 $493 $1,823 Income for the period 432 318 138 Dividends received from equity investees (461) (292) (285) Dividends declared in prior year and received in current year — — 130 Closing net assets, December 31 $4,788 $519 $1,806 Barrick's share of net assets 2,156 259 903 Equity earnings adjustment — — (10) Goodwill recognition 1,111 123 — Carrying value $3,267 $382 $893

INVENTORIES (Tables)

INVENTORIES (Tables)	12 Months Ended
	Dec. 31, 2021
Inventories [Abstract]
Schedules of inventories and inventory impairment charges	Gold Copper As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 Raw materials Ore in stockpiles $2,587 $2,742 $174 $114 Ore on leach pads 663 591 — — Mine operating supplies 593 615 79 54 Work in process 108 117 — — Finished products 76 114 90 97 $4,027 $4,179 $343 $265 Non-current ore in stockpiles and on leach pads 1 (2,462) (2,452) (174) (114) $1,565 $1,727 $169 $151 1 Ore that we do not expect to process in the next 12 months is classified within other long-term assets. Inventory Impairment Charges For the years ended December 31 2021 2020 Cortez $22 $17 Phoenix — 10 Carlin — 2 Inventory impairment charges $22 $29 Ore in Stockpiles As at December 31, 2021 As at December 31, 2020 Gold Carlin $986 $1,029 Pueblo Viejo 674 646 Turquoise Ridge 405 365 Loulo-Gounkoto 161 171 North Mara 93 133 Cortez 81 127 Lagunas Norte — 73 Veladero 51 58 Phoenix 73 47 Tongon 33 33 Porgera 30 30 Buzwagi — 15 Hemlo — 14 Other — 1 Copper Lumwana 174 114 $2,761 $2,856 Ore on Leach pads As at December 31, 2021 As at December 31, 2020 Gold Carlin $209 $179 Veladero 196 133 Cortez 113 58 Long Canyon 77 33 Turquoise Ridge 41 39 Phoenix 23 26 Pierina 4 2 Lagunas Norte — 121 $663 $591

ACCOUNTS RECEIVABLE AND OTHER_2

ACCOUNTS RECEIVABLE AND OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Accounts receivable and other current assets [Abstract]
Schedule of accounts receivables and other current assets	As at December 31, 2021 As at December 31, 2020 Accounts receivable Amounts due from concentrate sales $242 $265 Other receivables 381 293 $623 $558 Other current assets Value added taxes recoverable 1 319 208 Prepaid expenses 206 227 Other 2 87 84 $612 $519 1 Primarily includes VAT and fuel tax recoverables of $25 million in Mali, $90 million in Tanzania, $141 million in Zambia, $39 million in Argentina, and $11 million in the Dominican Republic (Dec. 31, 2020: $59 million, $35 million, $52 million, $37 million, and $11 million, respectively).

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Property, plant and equipment [abstract]
Schedules of property, plant and equipment	Property, Plant, and Equipment Buildings, plant and equipment 1 Mining property costs subject to depreciation 2,4 Mining property costs not subject to depreciation 2,3 Total At January 1, 2021 Net of accumulated depreciation $7,473 $13,569 $3,586 $24,628 Additions 5 23 154 2,366 2,543 Capitalized interest — — 16 16 Divestiture (50) (2) (1) (53) Disposals (7) (1) (10) (18) Depreciation (1,139) (1,053) — (2,192) Impairment reversals (impairments) 42 (13) 1 30 Transfers 6 194 1,831 (2,025) — At December 31, 2021 $6,536 $14,485 $3,933 $24,954 At December 31, 2021 Cost $17,237 $31,824 $15,876 $64,937 Accumulated depreciation and impairments (10,701) (17,339) (11,943) (39,983) Net carrying amount – December 31, 2021 $6,536 $14,485 $3,933 $24,954 Buildings, plant and equipment 1 Mining property costs subject to depreciation 2,4 Mining property costs not subject to depreciation 2,3 Total At January 1, 2020 Cost $18,544 $27,268 $16,050 $61,862 Accumulated depreciation and impairments (10,791) (14,980) (11,950) (37,721) Net carrying amount – January 1, 2020 $7,753 $12,288 $4,100 $24,141 Additions 5 10 259 1,919 2,188 Capitalized interest — — 24 24 Disposals (24) (1) (12) (37) Depreciation (1,219) (1,146) — (2,365) Impairment reversals 260 412 5 677 Transfers 6 693 1,757 (2,450) — At December 31, 2020 $7,473 $13,569 $3,586 $24,628 At December 31, 2020 Cost $18,361 $29,901 $15,531 $63,793 Accumulated depreciation and impairments (10,888) (16,332) (11,945) (39,165) Net carrying amount – December 31, 2020 $7,473 $13,569 $3,586 $24,628 1 Additions include $22 million of right-of-use assets for lease arrangements entered into during the year ended December 31, 2021 (2020: $4 million). Depreciation includes depreciation for leased right-of-use assets of $18 million for the year ended December 31, 2021 (2020: $21 million). The net carrying amount of leased right-of-use assets was $53 million as at December 31, 2021 (2020: $50 million). 2 Includes capitalized reserve acquisition costs, capitalized development costs and capitalized exploration and evaluation costs other than exploration license costs included in intangible assets. 3 Assets not subject to depreciation include construction-in-progress, projects and acquired mineral resources and exploration potential at operating minesites and development projects. 4 Assets subject to depreciation include the following items for production stage properties: acquired mineral reserves and resources, capitalized mine development costs, capitalized stripping and capitalized exploration and evaluation costs. 5 Additions include revisions to the capitalized cost of closure and rehabilitation activities. Carrying amount at Dec. 31, 2021 Carrying amount at Dec. 31, 2020 Construction-in-progress 1 $2,114 $1,208 Acquired mineral resources and exploration potential 165 786 Projects Pascua-Lama 780 741 Norte Abierto 662 653 Donlin Gold 212 198 $3,933 $3,586 1 Represents assets under construction at our operating minesites.

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Goodwill and other intangible assets [Abstract]
Schedule of intangible assets	a) Intangible Assets Water rights 1 Technology 2 Supply contracts 3 Exploration potential 4 Total Opening balance January 1, 2020 $72 $7 $7 $140 $226 Additions — — — 5 5 Disposals (5) — — (41) (46) Amortization and impairment losses — (1) (3) (12) (16) Closing balance December 31, 2020 $67 $6 $4 $92 $169 Disposals 5 (6) — — (10) (16) Amortization and impairment losses — — (3) — (3) Closing balance December 31, 2021 $61 $6 $1 $82 $150 Cost $61 $17 $39 $252 $369 Accumulated amortization and impairment losses — (11) (38) (170) (219) Net carrying amount December 31, 2021 $61 $6 $1 $82 $150 1 Relates to water rights in South America, and will be amortized through cost of sales when we begin using these in the future. 2 The amount is amortized through cost of sales using the UOP method over LOM ounces of the Pueblo Viejo mine, with no assumed residual value. 3 Relates to a supply agreement with Michelin North America Inc. to secure a supply of tires and is amortized over the effective term of the contract through cost of sales. 4 Exploration potential consists of the estimated fair value attributable to exploration licenses acquired as a result of a business combination or asset acquisition. The carrying value of the licenses will be transferred to PP&E when the development of attributable mineral resources commences. 5 Exploration potential disposals relate to the sale of Acacia exploration properties.
Schedule of goodwill	Closing balance December 31, 2020 Additions Disposals Closing balance December 31, 2021 Carlin $1,294 $— $— $1,294 Cortez 1 899 — — 899 Turquoise Ridge 722 — — 722 Phoenix 119 — — 119 Hemlo 63 — — 63 Loulo-Gounkoto 1,672 — — 1,672 Total $4,769 $— $— $4,769 1 Starting in Q1 2021, Goldrush is included as part of Cortez as the CODM began reviewing the operating results and assessing performance on a combined level. The goodwill of Cortez and Goldrush has been combined and the prior period has been changed to reflect this presentation. On a total basis, the gross amount and accumulated impairment losses are as follows: Cost $12,211 Accumulated impairment losses December 31, 2021 (7,442) Net carrying amount December 31, 2021 $4,769

IMPAIRMENT AND REVERSAL OF NO_2

IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Impairment of assets [Abstract]
Schedule of impairments (reversals)	For the year ended December 31, 2021, we recorded net impairment reversals of $63 million (2020: net impairment reversals of $269 million) for non-current assets, as summarized in the following table: For the years ended December 31 2021 2020 Tanzania $5 ($304) Cortez — 10 Pueblo Viejo (7) 5 Lagunas Norte (86) — Golden Sunlight 15 — Hemlo 5 — Intangible assets — 12 Other 5 8 Total impairment (reversals) losses of long-lived assets ($63) ($269)
Schedule of key assumptions used in impairment testing	The other key assumptions used in our impairment testing, based on the CGUs tested in each year, are summarized in the table below: 2021 2020 Copper price per lb (long-term) $3.00 $3.00 WACC - gold (range) 3%-8% 3%-12% WACC - gold (avg) 4 % 5 % WACC - copper 12 % n/a NAV multiple - gold (avg) 1.2 1.3 LOM years - gold (avg) 19 20
Schedule of carrying value of CGU's	The carrying value of the CGUs that are most sensitive to changes in the key assumptions used in the FVLCD calculation are: As at December 31, 2021 Carrying Value Loulo-Gounkoto $4,214 Lumwana 1,578 Veladero 774 Long Canyon 495

OTHER ASSETS (Tables)

OTHER ASSETS (Tables)	12 Months Ended
	Dec. 31, 2021
Other assets [Abstract]
Schedule of other assets	As at December 31, 2021 As at December 31, 2020 Value added taxes receivable 1 $199 $193 Other investments 2 414 428 Notes receivable 3 123 154 Norte Abierto JV Partner Receivable 150 193 Restricted cash 4 147 146 Prepayments 5 253 161 Derivative assets 6 53 40 Other 170 148 $1,509 $1,463 1 Includes VAT and fuel tax receivables of $47 million in Argentina, $94 million in Tanzania and $58 million in Chile (Dec. 31, 2020: $52 million, $79 million and $61 million, respectively). 2 Includes equity investments in other mining companies. 3 Primarily represents the interest bearing promissory note due from NovaGold. 4 Primarily represents the cash balance at Pueblo Viejo that is contractually restricted in respect of disbursements for environmental rehabilitation that are expected to occur near the end of Pueblo Viejo’s mine life. 5 Primarily relates to prepaid royalties at Carlin and Pueblo Viejo.

ACCOUNTS PAYABLE (Tables)

ACCOUNTS PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2021
Trade and other payables [abstract]
Schedule of accounts payable	As at December 31, 2021 As at December 31, 2020 Accounts payable $539 $929 Accruals 909 529 $1,448 $1,458

OTHER CURRENT LIABILITIES (Tabl

OTHER CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Miscellaneous current liabilities [abstract]
Schedule of other current liabilities	As at December 31, 2021 As at December 31, 2020 Provision for environmental rehabilitation (note 27b) $166 $131 Deposit on Pueblo Viejo gold and silver streaming agreement 43 47 Share-based payments (note 34a) 57 67 Pueblo Viejo JV partner shareholder loan 9 — Other 63 61 $338 $306

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Financial instruments [Abstract]
Schedule of cash and equivalents	a) Cash and Equivalents Cash and equivalents include cash, term deposits, treasury bills and money market investments with original maturities of less than 90 days. As at December 31, 2021 As at December 31, 2020 Cash deposits $3,691 $3,713 Term deposits 1,582 1,469 Money market investments 7 6 $5,280 $5,188
Schedule of debt and interest	b) Debt and Interest 1 Closing balance December 31, 2020 Proceeds Repayments Amortization and other 2 Closing balance December 31, 2021 5.7% notes 3,10 $842 $— $— $1 $843 5.25% notes 4 744 — — — 744 5.80% notes 5,10 395 — — — 395 6.35% notes 6,10 594 — — — 594 Other fixed rate notes 7,10 1,081 — — 1 1,082 Leases 8 66 — (20) 22 68 Other debt obligations 590 — (7) (2) 581 5.75% notes 9,10 843 — — — 843 $5,155 $— ($27) $22 $5,150 Less: current portion 12 (20) — — — (15) $5,135 $— ($27) $22 $5,135 Closing balance December 31, 2019 Proceeds Repayments Amortization and other 2 Closing balance December 31, 2020 5.7% notes 3,10 $842 $— $— $— $842 3.85%/5.25% notes 4 1,079 — (337) 2 744 5.80% notes 5,10 395 — — — 395 6.35% notes 6,10 594 — — — 594 Other fixed rate notes 7,10 1,080 — — 1 1,081 Leases 8 96 — (26) (4) 66 Other debt obligations 594 — (2) (2) 590 5.75% notes 9,10 842 — — 1 843 Acacia credit facility 11 14 — (14) — — $5,536 $— ($379) ($2) $5,155 Less: current portion 12 (375) — — — (20) $5,161 $— ($379) ($2) $5,135 1 The agreements that govern our long-term debt each contain various provisions which are not summarized herein. These provisions allow Barrick, at its option, to redeem indebtedness prior to maturity at specified prices and also may permit redemption of debt by Barrick upon the occurrence of certain specified changes in tax legislation. 2 Amortization of debt premium/discount and increases (decreases) in capital leases. 3 Consists of $850 million (2020: $850 million) of our wholly-owned subsidiary Barrick North America Finance LLC (“BNAF”) notes due 2041. 4 Consists of $750 million (2020: $750 million) of 5.25% notes which mature in 2042. 5 Consists of $400 million (2020: $400 million) of 5.80% notes which mature in 2034. 6 Consists of $600 million (2020: $600 million) of 6.35% notes which mature in 2036. 7 Consists of $1.1 billion (2020: $1.1 billion) in conjunction with our wholly-owned subsidiary BNAF and our wholly-owned subsidiary Barrick (PD) Australia Finance Pty Ltd. (“BPDAF”). This consists of $250 million (2020: $250 million) of BNAF notes due 2038 and $850 million (2020: $850 million) of BPDAF notes due 2039. 8 Consists primarily of leases at Nevada Gold Mines, $18 million, Loulo-Gounkoto, $25 million, Lumwana, $6 million, Hemlo, $4 million, Pascua-Lama, $2 million and Tongon, $4 million (2020: $18 million, $28 million, $8 million, $2 million, $2 million and $4 million, respectively). 9 Consists of $850 million (2020: $850 million) in conjunction with our wholly-owned subsidiary BNAF. 10 We provide an unconditional and irrevocable guarantee on all BNAF, BPDAF, Barrick Gold Finance Company (“BGFC”), and Barrick (HMC) Mining (“BHMC”) notes and generally provide such guarantees on all BNAF, BPDAF, BGFC, and BHMC notes issued, which rank equally with our other unsecured and unsubordinated obligations. 11 Consists of an export credit backed term loan facility. Interest 2021 2020 For the years ended December 31 Interest cost Effective rate 1 Interest cost Effective rate 1 5.7% notes $49 5.74 % $49 5.73 % 3.85%/5.25% notes 40 5.29 % 41 5.31 % 5.80% notes 23 5.85 % 23 5.84 % 6.35% notes 38 6.41 % 38 6.39 % Other fixed rate notes 70 6.38 % 70 6.38 % Leases 5 7.66 % 5 6.09 % Other debt obligations 35 6.25 % 34 6.16 % 5.75% notes 49 5.79 % 49 5.77 % Deposits on Pascua-Lama silver sale agreement (note 29) 4 2.82 % 1 0.53 % Deposits on Pueblo Viejo gold and silver streaming agreement (note 29) 31 6.24 % 33 6.44 % Other interest 21 — $365 $343 Less: interest capitalized (16) (24) $349 $319 1 The effective rate includes the stated interest rate under the debt agreement, amortization of debt issue costs and debt discount/premium and the impact of interest rate contracts designated in a hedging relationship with debt.
Schedule of scheduled debt repayments	Scheduled Debt Repayments 1 Issuer Maturity Year 2022 2023 2024 2025 2026 2027 and thereafter Total 7.73% notes 2 BGC 2025 $— $— $— $7 $— $— $7 7.70% notes 2 BGC 2025 — — — 5 — — 5 7.37% notes 2 BGC 2026 — — — — 32 — 32 8.05% notes 2 BGC 2026 — — — — 15 — 15 6.38% notes 2 BGC 2033 — — — — — 200 200 5.80% notes BGC 2034 — — — — — 200 200 5.80% notes BGFC 2034 — — — — — 200 200 6.45% notes 2 BGC 2035 — — — — — 300 300 6.35% notes BHMC 2036 — — — — — 600 600 7.50% notes 3 BNAF 2038 — — — — — 250 250 5.95% notes 3 BPDAF 2039 — — — — — 850 850 5.70% notes BNAF 2041 — — — — — 850 850 5.25% notes BGC 2042 — — — — — 750 750 5.75% notes BNAF 2043 — — — — — 850 850 $— $— $— $12 $47 $5,050 $5,109 Minimum annual payments under leases $15 $12 $5 $5 $3 $27 $67 1 This table illustrates the contractual undiscounted cash flows, and may not agree with the amounts disclosed in the consolidated balance sheet. 2 Included in Other debt obligations in the Long-Term Debt table. 3 Included in Other fixed rate notes in the Long-Term Debt table.
Schedule of market risks	In the normal course of business, our assets, liabilities and forecasted transactions, as reported in US dollars, are impacted by various market risks including, but not limited to: Item Impacted by ● Revenue ● Prices of gold, silver and copper ● Cost of sales o Consumption of diesel fuel, propane, natural gas, and electricity o Prices of diesel fuel, propane, natural gas, and electricity o Non-US dollar expenditures o Currency exchange rates - US dollar versus A$, ARS, C$, CLP, DOP, EUR, PGK, TZS, XOF, ZAR and ZMW ● General and administration, exploration and evaluation costs ● Currency exchange rates - US dollar versus A$, ARS, C$, CLP, DOP, GBP, PGK, TZS, XOF, ZAR, and ZMW ● Capital expenditures o Non-US dollar capital expenditures o Currency exchange rates - US dollar versus A$, ARS, C$, CLP, DOP, EUR, GBP, PGK, XOF, ZAR, and ZMW o Consumption of steel o Price of steel ● Interest earned on cash and equivalents ● US dollar interest rates ● Interest paid on fixed-rate borrowings ● US dollar interest rates

FAIR VALUE MEASUREMENTS (Tables

FAIR VALUE MEASUREMENTS (Tables)	12 Months Ended
	Dec. 31, 2021
Fair value measurements [Abstract]
Disclosure of fair value measurement of liabilities	Fair Value Measurements At December 31, 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 $5,280 $— $— $5,280 Other investments 1 414 — — 414 Derivatives — 53 — 53 Receivables from provisional copper and gold sales — 242 — 242 $5,694 $295 $— $5,989 Fair Value Measurements At December 31, 2020 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Aggregate Fair Value (Level 1) (Level 2) (Level 3) Cash and equivalents $5,188 $— $— $5,188 Other investments 1 428 — — 428 Derivatives — 40 — 40 Receivables from provisional copper and gold sales — 265 — 265 $5,616 $305 $— $5,921 1 Includes equity investments in other mining companies. At December 31, 2021 At December 31, 2020 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $382 $382 $571 $571 Other investments 2 414 414 428 428 Derivative assets 3 53 53 40 40 $849 $849 $1,039 $1,039 Financial liabilities Debt 4 $5,150 $6,928 $5,155 $7,288 Other liabilities 473 473 382 382 $5,623 $7,401 $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 contingency consideration received as part of the sale of Massawa and Lagunas Norte. 4 Debt is generally recorded at amortized cost except for obligations that are designated in a fair-value hedge relationship, in which case the carrying amount is adjusted for changes in fair value of the hedging instrument in periods when a hedge relationship exists. The fair value of debt is primarily determined using quoted market prices. Balance includes both current and long-term portions of debt.
Disclosure of fair value measurement of assets	Fair Value Measurements At December 31, 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 $5,280 $— $— $5,280 Other investments 1 414 — — 414 Derivatives — 53 — 53 Receivables from provisional copper and gold sales — 242 — 242 $5,694 $295 $— $5,989 Fair Value Measurements At December 31, 2020 Quoted Prices in Active Markets for Identical Assets Significant Other Observable Inputs Significant Unobservable Inputs Aggregate Fair Value (Level 1) (Level 2) (Level 3) Cash and equivalents $5,188 $— $— $5,188 Other investments 1 428 — — 428 Derivatives — 40 — 40 Receivables from provisional copper and gold sales — 265 — 265 $5,616 $305 $— $5,921 1 Includes equity investments in other mining companies. At December 31, 2021 At December 31, 2020 Carrying amount Estimated fair value Carrying amount Estimated fair value Financial assets Other assets 1 $382 $382 $571 $571 Other investments 2 414 414 428 428 Derivative assets 3 53 53 40 40 $849 $849 $1,039 $1,039 Financial liabilities Debt 4 $5,150 $6,928 $5,155 $7,288 Other liabilities 473 473 382 382 $5,623 $7,401 $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 contingency consideration received as part of the sale of Massawa and Lagunas Norte. 4 Debt is generally recorded at amortized cost except for obligations that are designated in a fair-value hedge relationship, in which case the carrying amount is adjusted for changes in fair value of the hedging instrument in periods when a hedge relationship exists. The fair value of debt is primarily determined using quoted market prices. Balance includes both current and long-term portions of debt.

PROVISIONS (Tables)

PROVISIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Other provisions [abstract]
Schedules of provisions	a) Provisions As at December 31, 2021 As at December 31, 2020 Environmental rehabilitation (“PER”) $2,559 $2,950 Post-retirement benefits 48 43 Share-based payments 17 24 Other employee benefits 42 25 Other 102 97 $2,768 $3,139 b) Environmental Rehabilitation 2021 2020 At January 1 $3,081 $3,078 PERs divested during the year (265) (6) Closed Sites Impact of revisions to expected cash flows recorded in earnings 44 79 Settlements Cash payments (89) (67) Settlement gains (6) (3) Accretion 18 16 Operating Sites PER revisions in the year (42) 1 Settlements Cash payments (44) (39) Settlement gains (2) (3) Accretion 30 25 At December 31 $2,725 $3,081 Current portion (note 24) (166) (131) $2,559 $2,950

FINANCIAL RISK MANAGEMENT (Tabl

FINANCIAL RISK MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of nature and extent of risks arising from financial instruments [abstract]
Schedule of company's maximum exposure to credit risk	The Company’s maximum exposure to credit risk at the reporting date is the carrying value of each of the financial assets disclosed as follows: As at December 31, 2021 As at December 31, 2020 Cash and equivalents $5,280 $5,188 Accounts receivable 623 558 Derivative assets 53 40 $5,956 $5,786
Schedule of the expected maturity of significant financial assets and liabilities	As at December 31, 2021 (in $ millions) Less than 1 year 1 to 3 years 3 to 5 years Over 5 years Total Cash and equivalents $5,280 $— $— $— $5,280 Accounts receivable 623 — — — 623 Derivative assets — 53 — — 53 Trade and other payables 1,448 — — — 1,448 Debt 15 17 67 5,077 5,176 Other liabilities 30 196 92 155 473 As at December 31, 2020 (in $ millions) Less than 1 year 1 to 3 years 3 to 5 years Over 5 years Total Cash and equivalents $5,188 $— $— $— $5,188 Accounts receivable 558 — — — 558 Derivative assets — 40 — — 40 Trade and other payables 1,458 — — — 1,458 Debt 20 16 20 5,125 5,181 Other liabilities 31 72 36 243 382

OTHER NON-CURRENT LIABILITIES (

OTHER NON-CURRENT LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2021
Miscellaneous non-current liabilities [abstract]
Schedule of other non-current liabilities	As at December 31, 2021 As at December 31, 2020 Deposit on Pascua-Lama silver sale agreement $154 $149 Deposit on Pueblo Viejo gold and silver streaming agreement 1 438 447 Long-term income tax payable 267 321 GoT shareholder loan 150 167 Pueblo Viejo JV partner shareholder loan 164 42 Provision for offsite remediation 52 50 Other 76 92 $1,301 1,268 1 Revenues of $44 million were recognized in 2021 (2020: $53 million) through the draw-down of our streaming liabilities relating to a contract in place at Pueblo Viejo.

DEFERRED INCOME TAXES (Tables)

DEFERRED INCOME TAXES (Tables)	12 Months Ended
	Dec. 31, 2021
Income tax [Abstract]
Schedules of deferred income tax assets and liabilities	Sources of Deferred Income Tax Assets and Liabilities As at December 31, 2021 As at December 31, 2020 Deferred tax assets Tax loss carry forwards $330 $456 Tax credits 10 13 Environmental rehabilitation 262 358 Post-retirement benefit obligations and other employee benefits 30 30 Other working capital 68 70 Other 5 3 $705 $930 Deferred tax liabilities Property, plant and equipment (3,556) (3,375) Inventory (416) (463) Accrued interest payable 3 (28) ($3,264) ($2,936) Classification: Non-current assets $29 $98 Non-current liabilities (3,293) (3,034) ($3,264) ($2,936) Expiry Dates of Tax Losses 2022 2023 2024 2025 2026+ No expiry date Total Non-capital tax losses 1 Barbados $97 $399 $213 $220 $138 $— $1,067 Canada — — — — 2,146 — 2,146 Chile — — — — — 894 894 Saudi Arabia — — — — — 349 349 Tanzania — — — — — 1,296 1,296 United Kingdom — — — — — 190 190 Zambia 32 2 2 1 11 — 48 Others — — — — 59 45 104 $129 $401 $215 $221 $2,354 $2,774 $6,094 1 Represents the gross amount of tax loss carry forwards translated at closing exchange rates at December 31, 2021. Deferred Tax Assets Not Recognized As at December 31, 2021 As at December 31, 2020 Argentina $118 $105 Australia 302 298 Barbados 27 10 Canada 966 1,127 Chile 1,059 1,037 Côte d'Ivoire 6 6 Mali 11 9 Peru 79 281 Saudi Arabia 71 70 Tanzania 105 110 United Kingdom 36 36 Zambia 3 40 $2,783 $3,129 Source of Changes in Deferred Tax Balances For the years ended December 31 2021 2020 Temporary differences Property, plant and equipment ($181) ($112) Environmental rehabilitation (97) 29 Tax loss carry forwards (127) (54) AMT and other tax credits (3) (14) Inventory 48 81 Other 32 (10) ($328) ($80) Intraperiod allocation to: Income from continuing operations before income taxes ($345) ($151) Income Tax Payable (2) 65 Other comprehensive (income) loss 19 (6) Other — 12 ($328) ($80) Income Tax Related Contingent Liabilities 2021 2020 At January 1 $266 $327 Net additions based on uncertain tax positions related to prior years 19 39 Reductions for tax positions of prior years (28) (100) At December 31 1 $257 $266 1 If reversed, the total amount of $257 million would be recognized as a benefit to income taxes on the income statement, and therefore would impact the reported effective tax rate.
Schedule of tax years still under examination	Tax Years Still Under Examination Argentina 2010-2011, 2015-2021 Australia 2017-2021 Canada 2015-2021 Chile 2015-2021 Côte d'Ivoire 2020-2021 Democratic Republic of Congo 2019-2021 Dominican Republic 2015-2021 Mali 2017-2021 Papua New Guinea 2006-2021 Peru 2015-2021 Saudi Arabia 2020-2021 Tanzania 2018-2021 United States 2021 Zambia 2018-2021

NON-CONTROLLING INTERESTS (Tabl

NON-CONTROLLING INTERESTS (Tables)	12 Months Ended
	Dec. 31, 2021
Non-controlling interests [Abstract]
Schedules of non-controlling interests	a) Non-Controlling Interests (“NCI”) Continuity Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon Other Total NCI in subsidiary at December 31, 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 2 — — 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 980 174 35 71 6 — 1,266 Cash contributed — — — — — 12 12 Decrease in non-controlling interest 3 (49) — — — — (37) (86) Disbursements (848) (178) — (51) (16) (18) (1,111) At December 31, 2021 $6,061 $1,189 $298 $953 $29 ($80) $8,450 1 Tanzania mines consist of North Mara, Bulyanhulu and Buzwagi. 2 Refer to note 21 for further details. 3 Refer to note 4 for further details. Summarized Balance Sheets Nevada Gold Mines Pueblo Viejo Tanzania Mines Loulo-Gounkoto Tongon As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 As at December 31, 2021 As at December 31, 2020 Current assets $3,351 $6,111 $394 $491 $637 $530 $444 $347 $205 $288 Non-current assets 13,750 13,708 4,724 4,342 1,798 1,758 4,712 4,660 192 265 Total assets $17,101 $19,819 $5,118 $4,833 $2,435 $2,288 $5,156 $5,007 $397 $553 Current liabilities 561 636 633 240 926 1,024 141 32 76 118 Non-current liabilities 1,244 1,266 1,249 1,053 526 565 575 567 59 76 Total liabilities $1,805 $1,902 $1,882 $1,293 $1,452 $1,589 $716 $599 $135 $194 Summarized Statements of Income Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon For the years ended December 31 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Revenue $6,135 $6,299 $1,514 $1,613 $993 $1,213 $1,249 $1,208 $368 $507 Income from continuing operations after tax 2,246 2,439 361 418 284 653 322 339 52 83 Other comprehensive income 9 — — — — — — — — — Total comprehensive income $2,255 $2,439 $361 $418 $284 $653 $322 $339 $52 $83 Dividends paid to NCI 2 $848 $1,026 $48 $6 $— $45 $51 $36 $20 $— Summarized Statements of Cash Flows Nevada Gold Mines Pueblo Viejo Tanzania Mines 1 Loulo-Gounkoto Tongon 3 For the years ended December 31 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 Net cash provided by operating activities $3,035 $3,518 $541 $820 $373 $609 $605 $497 $61 $252 Net cash used in investing activities (962) (971) (522) (223) (178) (181) (297) (226) (17) (8) Net cash used in financing activities (2,208) (2,668) (101) (651) (100) (270) (254) (189) (143) (119) Net increase (decrease) in cash and cash equivalents ($135) ($121) ($82) ($54) $95 $158 $54 $82 ($99) $125 1 Tanzania mines consist of North Mara, Bulyanhulu and Buzwagi. 2 Includes partner distributions. 3

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2021
Related party transactions [abstract]
Schedule of remuneration of key management personnel	Remuneration of Key Management Personnel Key management personnel include the members of the Board of Directors and the executive leadership team. Compensation for key management personnel (including Directors) was as follows: For the years ended December 31 2021 2020 Salaries and short-term employee benefits 1 $36 $33 Post-employment benefits 2 6 4 Share-based payments and other 3 25 45 $67 $82 1 Includes annual salary and annual short-term incentives/other bonuses earned in the year. 2 Represents Company contributions to retirement savings plans. 3 Relates to DSU, RSU, and PGSU grants and other compensation.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2021
Share-based payment arrangements [Abstract]
Schedule of DSU and RSU activity	DSU and RSU Activity (Number of Units in Thousands) DSUs Fair value RSUs Fair value At January 1, 2020 476 $8.8 3,110 $41.5 Settled for cash — — (2,136) (47.3) Forfeited — — (313) (5.7) Granted 85 2.0 1,923 35.2 Credits for dividends — — 39 0.9 Change in value — 2.0 — 14.0 At December 31, 2020 561 $12.8 2,623 $38.6 Settled for cash — — (1,435) (36.2) Granted 117 2.2 1,300 26.4 Credits for dividends — — 30 0.6 Change in value — (2.4) — 1.6 At December 31, 2021 678 $12.6 2,518 $31.0
Schedule of employee stock option activity	Employee Stock Option Activity (Number of Shares in Millions) 2021 2020 Shares Average Price Shares Average Price C$ options At January 1 0.1 $10 0.2 $10 Exercised (0.1) 10 (0.1) 10 At December 31 — $— 0.1 $10 US$ options At January 1 — $— 0.1 $32 Cancelled/expired — — (0.1) 32 At December 31 — $— — $—

MATERIAL ACCOUNTING POLICY IN_4

MATERIAL ACCOUNTING POLICY INFORMATION - Joint Arrangements and Entities Other Than 100% Owned Barrick Subsidiaries (Details) - USD ($) $ in Millions	Apr. 09, 2021	Apr. 25, 2020	Dec. 31, 2021	Oct. 13, 2021	Dec. 31, 2021
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					100.00%
Commitments in relation to joint ventures			$ 574		$ 574
Kibali [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint venture					45.00%
Jabal Sayid [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint venture					50.00%
Zaldívar
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint venture					50.00%
Norte Abierto Project
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint operation					50.00%
Donlin Gold Project
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint operation					50.00%
Porgera Mine
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint operation		47.50%			47.50%
Proportion of interest held by joint operations operator					95.00%
Proposed proportion of interest to be held by government stakeholders	51.00%
Proposed proportion of interest to be held by joint operation operator	49.00%
Veladero [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Economic interest in joint operation					50.00%
Nevada Gold Mines
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					61.50%
Proportion of ownership interests held by non-controlling interests					38.50%
North Mara [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					84.00%
Proportion of ownership interests held by non-controlling interests					16.00%
Bulyanhulu [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					84.00%
Proportion of ownership interests held by non-controlling interests					16.00%
Buzwagi [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					84.00%
Proportion of ownership interests held by non-controlling interests					16.00%
Carlin [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					61.50%
Proportion of ownership interests held by non-controlling interests					38.50%
Cortez [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interests held by non-controlling interests					38.50%
Turquoise Ridge
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interests held by non-controlling interests					38.50%
Phoenix [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interests held by non-controlling interests					38.50%
Long Canyon [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interests held by non-controlling interests					38.50%
Loulo-Gounkoto [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					80.00%
Proportion of ownership interests held by non-controlling interests					20.00%
Tongon [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					89.70%
Proportion of ownership interests held by non-controlling interests					10.30%
Pueblo Viejo [Member]
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary					60.00%
Proportion of ownership interests held by non-controlling interests					40.00%
South Arturo
Disclosure of Joint Arrangements and Subsidiaries [Line Items]
Proportion of ownership interest in subsidiary			61.50%	60.00%
Proportion of ownership interests held by non-controlling interests				40.00%

MATERIAL ACCOUNTING POLICY IN_5

MATERIAL ACCOUNTING POLICY INFORMATION - Estimated Useful Lives of Major Asset Categories (Details)	12 Months Ended
	Dec. 31, 2021
Buildings, plant and equipment [member] | Minimum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	1 year
Buildings, plant and equipment [member] | Maximum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	38 years
Underground mobile equipment | Minimum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	3 years
Underground mobile equipment | Maximum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	7 years
Light vehicles and other mobile equipment | Minimum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	1 year
Light vehicles and other mobile equipment | Maximum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	7 years
Furniture, computer and office equipment | Minimum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	1 year
Furniture, computer and office equipment | Maximum
Estimated useful lives of Major Asset Categories [line items]
Useful life (in years)	7 years

MATERIAL ACCOUNTING POLICY IN_6

MATERIAL ACCOUNTING POLICY INFORMATION - Stock-Based Compensation (Details)	12 Months Ended
	Dec. 31, 2021shares
RSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of common shares per unit of share-based payment arrangement	1
Number of years for stock-based awards to vest	3 years
DSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of common shares per unit of share-based payment arrangement	1
Minimum required annual retainer (as percent)	63.60%
PGSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of common shares per unit of share-based payment arrangement	1
Number of years for stock-based awards to vest	3 years
PGSUs | Minimum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Multiple of base salary to determine annual performance granted share units	300.00%
PGSUs | Maximum
Disclosure of terms and conditions of share-based payment arrangement [line items]
Multiple of base salary to determine annual performance granted share units	600.00%

CRITICAL JUDGMENTS, ESTIMATES_2

CRITICAL JUDGMENTS, ESTIMATES, ASSUMPTIONS AND RISKS (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)$ / ounce	Dec. 31, 2020USD ($)	Dec. 31, 2026USD ($)	Dec. 31, 2019USD ($)
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Proportion of ownership interest in subsidiary	100.00%
Net cash provided by operating activities	$ 4,378	$ 5,417
Cash and cash equivalents	5,280	5,188		$ 3,314
Credit facility due 2026 [Member]
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Undrawn borrowing facilities	$ 3,000
Pueblo Viejo [Member]
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Proportion of ownership interest in subsidiary	60.00%
Net cash provided by operating activities	$ 541	820
Pascua-Lama | Chile
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Amounts received from VAT refunds	411	459
Revenue, performance obligation			$ 3,538
Pascua-Lama | Argentina
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Value added tax receivables	$ 48	$ 53
Gold reserves [Member]
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Mineral price assumption | $ / ounce	1,200
Measured, indicated and inferred gold resources [Member]
Disclosure of detailed information about accounting judgments and estimates [Line Items]
Mineral price assumption | $ / ounce	1,500

ACQUISITION AND DIVESTITURES -

ACQUISITION AND DIVESTITURES - Divestitures (Details) - USD ($) $ / shares in Units, $ in Thousands

Jun. 01, 2023

Jun. 01, 2022

Oct. 14, 2021

Jun. 01, 2021

Nov. 10, 2020

Oct. 13, 2020

Aug. 04, 2020

Mar. 04, 2020

Dec. 31, 2021

Jun. 30, 2021

Mar. 31, 2021

Mar. 31, 2020

Dec. 31, 2020

Boroo Pte Ltd [Member]

Disclosure of detailed information about business combination [line items]

Proportion of reclamation bond obligations assumed

50.00%

50.00%

Lagunas Norte [Member]

Disclosure of detailed information about business combination [line items]

Proportion of ownership interest sold

100.00%

NSR royalty rate

2.00%

Purchase price of NSR

$ 16,000

Period used for calculation of the average gold price to value the contingent consideration

2 years

Reversal of impairment loss

$ 86,000

Gain (loss) recognised on measurement to fair value less costs to sell

$ 4,000

Provision for decommissioning, restoration and rehabilitation costs

$ 173,000

Lagunas Norte [Member] | Maximum

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

(81,000)

Lagunas Norte [Member] | Cash and cash equivalents [Member]

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] | Other receivables [Member] | First anniversary after closing [Member]

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

$ (10,000)

Lagunas Norte [Member] | Other receivables [Member] | Second anniversary after closing [Member]

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

$ (20,000)

Lagunas Norte [Member] | Contingent consideration [member] | Maximum

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

(15,000)

Lagunas Norte [Member] | At fair value

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

$ (65,000)

South Arturo

Disclosure of detailed information about business combination [line items]

Proportion of ownership interests held by non-controlling interests

40.00%

Lone Tree [Member]

Disclosure of detailed information about business combination [line items]

Gain (loss) recognised on measurement to fair value less costs to sell

$ 205,000

Gain (loss) recognised in equity

$ (85,000)

Lone Tree [Member] | i-80 Gold Corp [Member]

Disclosure of detailed information about business combination [line items]

Term of toll milling agreement, autoclave facilities

3 years

Term of toll milling agreement, roaster facilities

10 years

Fair value of toll milling agreement

$ 0

Fair value of shares

48,000

Lone Tree [Member] | Contingent consideration [member] | i-80 Gold Corp [Member]

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

(50,000)

Lone Tree [Member] | At fair value

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

$ (175,000)

Massawa [Member]

Disclosure of detailed information about business combination [line items]

Proportion of ownership interest sold

90.00%

Gain (loss) recognised on measurement to fair value less costs to sell

$ 54,000

Proportion of consideration received

92.50%

Loan issued for part financing

$ 25,000

Massawa [Member] | Endeavour Mining 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 cash equivalents [Member]

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 consideration [member]

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

(46,250)

Massawa [Member] | At fair value

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

(440,000)

Massawa [Member] | At fair value | Contingent consideration [member]

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

$ (28,000)

Eskay Creek [Member]

Disclosure of detailed information about business combination [line items]

NSR royalty rate

1.00%

Gain (loss) recognised on measurement to fair value less costs to sell

$ 59,000

Eskay Creek [Member] | Skeena Resources Limited [Member]

Disclosure of detailed information about business combination [line items]

Number of shares in entity held by entity or by its subsidiaries or associates

22,500,000

Warrants exercise price

$ 2.70

Eskay Creek [Member] | Contingent consideration [member]

Disclosure of detailed information about business combination [line items]

Consideration paid (received)

$ (15,000)

Bullfrog Mine [Member]

Disclosure of detailed information about business combination [line items]

Gain (loss) recognised on measurement to fair value less costs to sell

22,000

Bullfrog Mine [Member] | Individual Mining Claim [Member] | Minimum

Disclosure of detailed information about business combination [line items]

NSR royalty rate

0.50%

Bullfrog Mine [Member] | Individual Mining Claim [Member] | Maximum

Disclosure of detailed information about business combination [line items]

NSR royalty rate

5.50%

Bullfrog Mine [Member] | Barrick Lands [Member]

Disclosure of detailed information about business combination [line items]

NSR royalty rate

2.00%

Bullfrog Mine [Member] | Bullfrog Gold Corp. [Member]

Disclosure of detailed information about business combination [line items]

Number of shares in entity held by entity or by its subsidiaries or associates

54,600,000

Warrants exercise price

$ 0.30

Morila [Member]

Disclosure of detailed information about business combination [line items]

Gain (loss) recognised on measurement to fair value less costs to sell

$ 27,000

Proportion of ownership interest sold combined with partner

80.00%

Proportion of ownership interests held by non-controlling interests

20.00%

Morila [Member] | Cash and cash equivalents [Member]

Disclosure of detailed information about business combination [line items]

Portion of consideration paid (received) consisting of cash and cash equivalents

$ (28,800)

SEGMENT INFORMATION - Narrative

SEGMENT INFORMATION - Narrative (Details)	Dec. 31, 2021minesite
Operating Segments [Abstract]
Number of minesites	18
Number of projects	1
Number of gold mines	9

SEGMENT INFORMATION - Consolida

SEGMENT INFORMATION - Consolidated Statements of Income Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Operating segments | Carlin [Member]
Disclosure of operating segments [line items]
Revenue	$ 2,687	$ 2,952
Site operating costs, royalties and community relations	1,175	1,318
Depreciation	276	306
Exploration, evaluation and project expenses	22	30
Other expenses (income)	25	1
Income before income taxes	1,189	1,297
Operating segments | Cortez [Member]
Disclosure of operating segments [line items]
Revenue	1,485	1,409
Site operating costs, royalties and community relations	633	543
Depreciation	294	222
Exploration, evaluation and project expenses	10	12
Other expenses (income)	1	4
Income before income taxes	547	628
Operating segments | Turquoise Ridge
Disclosure of operating segments [line items]
Revenue	987	960
Site operating costs, royalties and community relations	415	391
Depreciation	200	184
Exploration, evaluation and project expenses	1	7
Other expenses (income)	0	3
Income before income taxes	371	375
Operating segments | Pueblo Viejo [Member]
Disclosure of operating segments [line items]
Revenue	1,514	1,613
Site operating costs, royalties and community relations	505	511
Depreciation	234	224
Exploration, evaluation and project expenses	5	11
Other expenses (income)	11	(6)
Income before income taxes	759	873
Disclosure of non-controlling interests [Abstract]
Revenue, attributable to non-controlling interests	617	660
Cost of sales, attributable to non-controlling interests	294	293
Profit (loss), attributable to non-controlling interests	318	365
Operating segments | Loulo-Gounkoto [Member]
Disclosure of operating segments [line items]
Revenue	1,249	1,208
Site operating costs, royalties and community relations	454	452
Depreciation	278	267
Exploration, evaluation and project expenses	18	11
Other expenses (income)	25	29
Income before income taxes	474	449
Disclosure of non-controlling interests [Abstract]
Revenue, attributable to non-controlling interests	250	242
Cost of sales, attributable to non-controlling interests	146	144
Profit (loss), attributable to non-controlling interests	95	90
Operating segments | Kibali [Member]
Disclosure of operating segments [line items]
Revenue	661	648
Site operating costs, royalties and community relations	232	223
Depreciation	141	174
Exploration, evaluation and project expenses	5	2
Other expenses (income)	5	5
Income before income taxes	278	244
Operating segments | Veladero
Disclosure of operating segments [line items]
Revenue	382	333
Site operating costs, royalties and community relations	177	144
Depreciation	85	69
Exploration, evaluation and project expenses	1	0
Other expenses (income)	1	6
Income before income taxes	118	114
Operating segments | North Mara [Member]
Disclosure of operating segments [line items]
Revenue	552	571
Site operating costs, royalties and community relations	240	227
Depreciation	56	91
Exploration, evaluation and project expenses	0	0
Other expenses (income)	2	(1)
Income before income taxes	254	254
Operating segments | Bulyanhulu [Member]
Disclosure of operating segments [line items]
Revenue	361	240
Site operating costs, royalties and community relations	155	112
Depreciation	57	72
Exploration, evaluation and project expenses	0	0
Other expenses (income)	2	25
Income before income taxes	147	31
Operating segments | Other Mines
Disclosure of operating segments [line items]
Revenue	2,659	3,124
Site operating costs, royalties and community relations	1,179	1,414
Depreciation	580	715
Exploration, evaluation and project expenses	10	14
Other expenses (income)	81	55
Income before income taxes	809	926
Operating segments | Reportable segments [member]
Disclosure of operating segments [line items]
Revenue	12,537	13,058
Site operating costs, royalties and community relations	5,165	5,335
Depreciation	2,201	2,324
Exploration, evaluation and project expenses	72	87
Other expenses (income)	153	121
Income before income taxes	4,946	5,191
Operating segments | Segment total [Member]
Disclosure of operating segments [line items]
Revenue	11,876	12,410
Site operating costs, royalties and community relations	4,933	5,112
Depreciation	2,060	2,150
Exploration, evaluation and project expenses	67	85
Other expenses (income)	148	116
Income before income taxes	4,668	4,947
Accretion	26	22
Operating segments | Nevada Gold Mines
Disclosure of non-controlling interests [Abstract]
Revenue, attributable to non-controlling interests	2,362	2,432
Cost of sales, attributable to non-controlling interests	1,359	1,369
Profit (loss), attributable to non-controlling interests	991	1,036
Operating segments | North Mara, Bulyanhulu and Buzwagi [Member]
Disclosure of non-controlling interests [Abstract]
Revenue, attributable to non-controlling interests	159	194
Cost of sales, attributable to non-controlling interests	92	114
Profit (loss), attributable to non-controlling interests	63	76
Operating segments | Tongon [Member]
Disclosure of non-controlling interests [Abstract]
Revenue, attributable to non-controlling interests	38	52
Cost of sales, attributable to non-controlling interests	32	39
Profit (loss), attributable to non-controlling interests	5	14
Material reconciling items [member] | Kibali [Member]
Disclosure of operating segments [line items]
Revenue	(661)	(648)
Site operating costs, royalties and community relations	(232)	(223)
Depreciation	(141)	(174)
Exploration, evaluation and project expenses	(5)	(2)
Other expenses (income)	(5)	(5)
Income before income taxes	$ (278)	$ (244)

SEGMENT INFORMATION - Reconcili

SEGMENT INFORMATION - Reconciliation of Segment Income to Loss from Continuing Operations Before Income Taxes (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of segment income to loss from continuing operations before income taxes [line items]
Revenue	$ 11,985	$ 12,595
Other cost of sales/amortization	(7,089)	(7,417)
Exploration, evaluation and project expenses not attributable to segments	(287)	(295)
General and administrative expense	(151)	(185)
Other income not attributable to segments	67	178
Impairment reversals	63	269
Loss on currency translation	(29)	(50)
Closed mine rehabilitation	(18)	(90)
Income from equity investees	446	288
Finance costs, net (includes non-segment accretion)	(355)	(347)
Gain on non-hedge derivatives	2	10
Income before income taxes	4,632	4,946
Loss on debt extinguishment	0	15
Operating segments [member]
Reconciliation of segment income to loss from continuing operations before income taxes [line items]
Income before income taxes	4,668	4,947
Other items not allocated to segments
Reconciliation of segment income to loss from continuing operations before income taxes [line items]
Revenue	109	185
Other cost of sales/amortization	(96)	(155)
Exploration, evaluation and project expenses not attributable to segments	(220)	(210)
General and administrative expense	(151)	(185)
Other income not attributable to segments	187	262
Impairment reversals	63	269
Loss on currency translation	(29)	(50)
Closed mine rehabilitation	(18)	(90)
Income from equity investees	446	288
Finance costs, net (includes non-segment accretion)	(329)	(325)
Gain on non-hedge derivatives	$ 2	$ 10

SEGMENT INFORMATION - Geographi

SEGMENT INFORMATION - Geographical Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of geographical areas [line items]
Non-current assets	$ 38,641	$ 38,425
Revenue	11,985	12,595
United States
Disclosure of geographical areas [line items]
Non-current assets	16,355	16,233
Revenue	6,134	6,298
Mali
Disclosure of geographical areas [line items]
Non-current assets	4,709	4,659
Revenue	1,249	1,208
Dominican Republic
Disclosure of geographical areas [line items]
Non-current assets	4,602	4,219
Revenue	1,514	1,613
Democratic Republic of Congo
Disclosure of geographical areas [line items]
Non-current assets	3,267	3,278
Revenue	0	0
Chile
Disclosure of geographical areas [line items]
Non-current assets	1,937	2,027
Revenue	0	0
Zambia
Disclosure of geographical areas [line items]
Non-current assets	1,793	1,720
Revenue	962	697
Tanzania
Disclosure of geographical areas [line items]
Non-current assets	1,767	1,703
Revenue	993	1,214
Argentina
Disclosure of geographical areas [line items]
Non-current assets	1,739	1,686
Revenue	382	333
Canada
Disclosure of geographical areas [line items]
Non-current assets	517	479
Revenue	291	407
Saudi Arabia
Disclosure of geographical areas [line items]
Non-current assets	382	369
Revenue	0	0
Papua New Guinea
Disclosure of geographical areas [line items]
Non-current assets	330	347
Revenue	0	140
Côte d'Ivoire
Disclosure of geographical areas [line items]
Non-current assets	191	266
Revenue	369	508
Peru
Disclosure of geographical areas [line items]
Non-current assets	113	186
Revenue	91	177
Unallocated
Disclosure of geographical areas [line items]
Non-current assets	939	1,253
Revenue	$ 0	$ 0

SEGMENT INFORMATION - Capital E

SEGMENT INFORMATION - Capital Expenditures (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Capital expenditures	$ 2,486	$ 2,068
Cash expenditures	2,435	2,054
Increase (Decrease) in Accrued Capital Expenditures	51	14
Reportable segments [member]
Disclosure of operating segments [line items]
Capital expenditures	2,556	2,121
Operating segments
Disclosure of operating segments [line items]
Capital expenditures	2,427	2,032
Operating segments | Carlin [Member]
Disclosure of operating segments [line items]
Capital expenditures	422	395
Operating segments | Cortez [Member]
Disclosure of operating segments [line items]
Capital expenditures	277	399
Operating segments | Turquoise Ridge
Disclosure of operating segments [line items]
Capital expenditures	144	97
Operating segments | Pueblo Viejo [Member]
Disclosure of operating segments [line items]
Capital expenditures	533	228
Operating segments | Loulo-Gounkoto [Member]
Disclosure of operating segments [line items]
Capital expenditures	313	243
Operating segments | Kibali [Member]
Disclosure of operating segments [line items]
Capital expenditures	70	53
Operating segments | Veladero
Disclosure of operating segments [line items]
Capital expenditures	144	104
Operating segments | North Mara [Member]
Disclosure of operating segments [line items]
Capital expenditures	93	89
Operating segments | Bulyanhulu [Member]
Disclosure of operating segments [line items]
Capital expenditures	80	79
Operating segments | Other Mines
Disclosure of operating segments [line items]
Capital expenditures	351	345
Other items not allocated to segments
Disclosure of operating segments [line items]
Capital expenditures	129	89
Material reconciling items [member] | Other Mines
Disclosure of operating segments [line items]
Capital expenditures	$ (70)	$ (53)

REVENUE - Revenue by Type (Deta

REVENUE - Revenue by Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Revenue by type
Revenue	$ 11,985	$ 12,595
Gold [Member]
Revenue by type
Revenue	10,738	11,670
Spot market sales
Revenue by type
Revenue	10,491	11,129
Concentrate sales
Revenue by type
Revenue	246	520
Gold provisional pricing adjustments [Member]
Revenue by type
Revenue	1	21
Copper [Member]
Revenue by type
Revenue	962	697
Copper concentrate sales
Revenue by type
Revenue	915	644
Copper provisional pricing adjustments [Member]
Revenue by type
Revenue	47	53
Other
Revenue by type
Revenue	$ 285	$ 228

REVENUE - Narrative (Details)

REVENUE - Narrative (Details) ozt in Thousands, lb in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)customerslbozt$ / ounce$ / pound	Dec. 31, 2020USD ($)lbozt$ / pound$ / ounce
Copper [Member]
Disclosure of provisional metal sales
Volumes subject to final pricing Copper (millions) Gold (000s) | lb	45	49
Impact on net income before taxation of 10% movement in market price	$ 20	$ 16
Average price of sales subject to final settlement | $ / pound	4.34	3.17
Percent change in commodity prices used for sensitivity analysis	10.00%
Gold [Member]
Disclosure of provisional metal sales
Percentage of composition of principal product (as percent)	90.00%
Volumes subject to final pricing Copper (millions) Gold (000s) | ozt	41	22
Impact on net income before taxation of 10% movement in market price	$ 8	$ 4
Average price of sales subject to final settlement | $ / ounce	1,819	1,899
Percent change in commodity prices used for sensitivity analysis	10.00%
Customers who contribute over ten percent of revenue
Disclosure of major customers [line items]
Number of customers who accounts for more than ten percent of revenue | customers	3
Minimum percentage of entity revenue for major customers	10.00%
Customer 1 [Member]
Disclosure of major customers [line items]
Percentage of entity's revenue	24.00%
Customer 2 [Member]
Disclosure of major customers [line items]
Percentage of entity's revenue	13.00%
Customer 3 [Member]
Disclosure of major customers [line items]
Percentage of entity's revenue	10.00%

COST OF SALES (Details)

COST OF SALES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about cost of sales [Line Items]
Site operating costs	$ 4,484	$ 4,716
Depreciation expense	2,102	2,208
Royalty expense	474	464
Community relations	29	29
Cost of sales	7,089	7,417
Inventory reduction amount	22	29
Employee benefits expense	1,396	1,520
Gold [Member]
Disclosure of detailed information about cost of sales [Line Items]
Site operating costs	4,218	4,421
Depreciation expense	1,889	1,975
Royalty expense	371	410
Community relations	26	26
Cost of sales	6,504	6,832
Copper [Member]
Disclosure of detailed information about cost of sales [Line Items]
Site operating costs	266	292
Depreciation expense	197	208
Royalty expense	103	54
Community relations	3	2
Cost of sales	569	556
Other
Disclosure of detailed information about cost of sales [Line Items]
Site operating costs	0	3
Depreciation expense	16	25
Royalty expense	0	0
Community relations	0	1
Cost of sales	$ 16	$ 29

EXPLORATION, EVALUATION AND P_3

EXPLORATION, EVALUATION AND PROJECT EXPENSES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about exploration and evaluation of mineral resources [Line Items]
Exploration, evaluation and project expenses (notes 5 and 8)	$ 287	$ 295
Corporate and other [Member]
Disclosure of detailed information about exploration and evaluation of mineral resources [Line Items]
Global exploration and evaluation	122	143
Corporate development	16	9
Minesite exploration and evaluation	64	79
Pascua-Lama
Disclosure of detailed information about exploration and evaluation of mineral resources [Line Items]
Project costs	46	37
Other projects [Member]
Disclosure of detailed information about exploration and evaluation of mineral resources [Line Items]
Project costs	$ 39	$ 27

OTHER EXPENSE (INCOME) - Other

OTHER EXPENSE (INCOME) - Other Expense (Income) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Other operating expenses
Litigation costs	$ 17	$ 19
Write-offs (reversals)	12	(1)
Bulyanhulu reduced operations program costs	0	22
Bank charges	7	16
Porgera care and maintenance costs	51	51
Covid-19 donations	0	24
Buzwagi supplies obsolescence	21	0
Litigation settlements	25	0
Other	17	20
Total other expense	150	151
Other Income:
Gains on sale of long-lived assets	(213)	(180)
Remeasurement of silver sale liability	0	(104)
Peru tax disputes settlement	0	(7)
Loss (gain) on warrant investments at FVPL	(16)	9
Gain on non-hedge derivatives	(2)	(10)
Interest income	(15)	(21)
Other	(3)	(12)
Total other income	(217)	(329)
Total	(67)	$ (178)
Lone Tree [Member]
Other Income:
Gains on sale of long-lived assets	(205)
Eskay Creek [Member]
Other Income:
Gains on sale of long-lived assets	(59)
Massawa [Member]
Other Income:
Gains on sale of long-lived assets	(54)
Morila [Member]
Other Income:
Gains on sale of long-lived assets	(27)
Bullfrog Mine [Member]
Other Income:
Gains on sale of long-lived assets	$ (22)

IMPAIRMENT REVERSALS (Details)

IMPAIRMENT REVERSALS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment (reversals) charges	$ (63)	$ (269)
Impairment (reversals) of long lived assets
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment (reversals) charges	(63)	(281)
Intangible assets other than goodwill [member]
Disclosure of impairment loss and reversal of impairment loss [line items]
Impairment (reversals) charges	$ 0	$ 12

GENERAL AND ADMINISTRATIVE EX_3

GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of general and administrative expense [Line Items]
Corporate administration	$ 118	$ 118
Expense from share-based payment transactions with employees	33	67
General and administrative expenses (note 11)	151	185
Employee costs	$ 101	$ 128

INCOME TAX EXPENSE - Schedule o

INCOME TAX EXPENSE - Schedule of Components of Income Tax Expense (Recovery) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Tax on profit - current tax
Current tax expense (income)	$ 1,031	$ 1,122
Adjustments for current tax of prior periods	(32)	59
Current tax	999	1,181
Tax on profit - deferred tax
Deferred tax expense (income) relating to origination and reversal of temporary differences	289	263
Adjustments for deferred tax of prior periods	56	(112)
Deferred tax	345	151
Tax expense related to continuing operations - current tax
Current domestic tax expense (income) and adjustments for current tax of prior periods	(9)	14
Current foreign tax expense (income) and adjustments for current tax of prior periods	1,008	1,167
Current tax	999	1,181
Tax expense relating to continuing operations - deferred tax
Deferred domestic tax expense (income) and adjustments for deferred tax of prior periods	38	(6)
Deferred foreign tax expense (income) and adjustments for deferred tax of prior periods	307	157
Deferred tax	345	151
Income tax expense	$ 1,344	$ 1,332

INCOME TAX EXPENSE - Reconcilia

INCOME TAX EXPENSE - Reconciliation to Canadian Statutory Rate (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of major components of tax expense (income) [Table]
Tax expense (income) at applicable tax rate	$ 1,228	$ 1,311
Increase (decrease) due to:
Allowances and special tax deductions	(138)	(151)
Impact of foreign tax rates	(84)	(32)
Expenses not tax deductible	118	154
Tax effect of sales of long-lived assets	24	0
Net currency translation (gains) losses on current and deferred tax balances	23	(19)
Tax impact from pass-through entities and equity accounted investments	(330)	(309)
Current year tax gains not recognized	(18)	(9)
Tax Effect from De-recognition in Deferred Tax Assets	(31)	(61)
Adjustments in respect of prior years	24	(53)
Increase to income tax related contingent liabilities	19	42
Impact of tax rate changes	66	1
Withholding taxes	110	100
Mining taxes	323	383
Tax impact of amounts recognized within accumulated OCI	8	(21)
Other items	2	(4)
Income tax expense	$ 1,344	$ 1,332

INCOME TAX EXPENSE - Narrative

INCOME TAX EXPENSE - Narrative (Details) - USD ($) $ in Millions	Jul. 01, 2021	Jun. 30, 2021	Jun. 15, 2021	Dec. 31, 2021	Dec. 31, 2020
Disclosure of major components of tax expense (income) [Line Items]
Net translation losses (gains) from exchange differences				$ 23	$ (19)
Applicable tax rate				26.50%	26.50%
NEVADA
Disclosure of major components of tax expense (income) [Line Items]
Net Proceeds of Minerals tax				5.00%
Current Net Proceeds of Minerals tax expense (income)				$ 136	$ 149
Argentina
Disclosure of major components of tax expense (income) [Line Items]
Applicable tax rate			30.00%	35.00%
Previously proposed applicable tax rate				25.00%
Dividends withholdings tax rate			13.00%	7.00%
Deferred tax expense (income) relating to tax rate changes or imposition of new taxes		$ 72
Argentina, Cote d'Ivoire, Saudi Arabia, United States [Member]
Disclosure of major components of tax expense (income) [Line Items]
Dividends withholding taxes related to undistributed earnings				$ 66
Cote d'Ivoire, Tanzania, United States [Member]
Disclosure of major components of tax expense (income) [Line Items]
Dividends withholding taxes related to distributed earnings					87
Argentina, Saudi Arabia, United States [Member]
Disclosure of major components of tax expense (income) [Line Items]
Dividends withholding taxes related to distributed earnings				33
Dominican Republic
Disclosure of major components of tax expense (income) [Line Items]
Current Net Profits Interest tax expense (income)				$ 180	$ 212
Maximum | NEVADA
Disclosure of major components of tax expense (income) [Line Items]
Mining excise tax rate	1.10%
Nevada Gold Mines
Disclosure of major components of tax expense (income) [Line Items]
Proportion of ownership interests held by non-controlling interests				61.50%

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Basic earnings per share [abstract]
Net income	$ 3,288	$ 3,614
Net income attributable to non-controlling interests	(1,266)	(1,290)
Net income attributable to equity holders of Barrick Gold Corporation - Basic	$ 2,022	$ 2,324
Weighted average shares outstanding - Basic	1,779	1,778
Basic earnings per share data attributable to the equity holders of Barrick Gold Corporation (in USD per share)	$ 1.14	$ 1.31
Diluted earnings per share [abstract]
Net income	$ 3,288	$ 3,614
Non-controlling interests (note 32)	1,266	1,290
Net income attributable to equity holders of Barrick Gold Corporation - Diluted	$ 2,022	$ 2,324
Weighted average shares outstanding - Diluted	1,779	1,778
Diluted earnings per share data attributable to the equity holders of Barrick Gold Corporation (in USD per share)	$ 1.14	$ 1.31

FINANCE COSTS, NET (Details)

FINANCE COSTS, NET (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about finance costs [Line Items]
Interest expense	$ 357	$ 342
Amortization of debt issue costs	1	2
Amortization of premium	(1)	(1)
Interest on lease liabilities	5	5
Loss (gain) on interest rate hedges	3	(5)
Interest capitalized	(16)	(24)
Accretion	48	41
Loss on debt extinguishment	0	15
Finance income	(42)	(28)
Total	355	347
Interest paid, classified as operating activities	$ 303	$ 295
Capitalisation rate of borrowing costs eligible for capitalisation	6.00%	5.90%

CASH FLOW _ OTHER ITEMS (Detail

CASH FLOW – OTHER ITEMS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Cash flow arising from changes in:
Gain on non-hedge derivatives	$ (2)	$ (10)
Stock-based compensation expense	81	87
Loss (gain) on warrant investments at FVPL	16	(9)
Increase in estimate of rehabilitation costs at closed mines	18	90
Net inventory impairment charges (note 17)	13	29
Remeasurement of silver sale liability (note 29)	0	(104)
Buzwagi supplies obsolescence	21	0
Change in other assets and liabilities	(120)	(70)
Settlement of stock-based compensation	(97)	(97)
Settlement of rehabilitation obligations	(133)	(106)
Other operating activities	(203)	(190)
Cash flow arising from changes in:
Accounts receivable	(46)	(192)
Inventory	(163)	121
Other current assets	(178)	(133)
Accounts payable	140	42
Other current liabilities	(26)	(49)
Change in working capital	(273)	(211)
Financing Cash Flows - Other Items
Pueblo Viejo JV partner shareholder loan	131	42
GoT shareholder loan	(16)	0
Debt extinguishment costs	0	(15)
Miscellaneous Other Inflows (Outflows) Of Cash Classified As Financing Activities	0	1
Other financing activities	$ 115	28
Revision of Prior Period, Reclassification, Adjustment [Member]
Cash flow arising from changes in:
Settlement of stock-based compensation		97
Cash flow arising from changes in:
Other current liabilities		$ 97

INVESTMENTS - Equity Accounting

INVESTMENTS - Equity Accounting Method Investment Continuity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of joint ventures [line items]
Investments, beginning balance	$ 4,670
Equity pick-up from equity investees	446	$ 288
Investments, ending balance	4,594	4,670
Joint ventures
Disclosure of joint ventures [line items]
Investments, beginning balance	4,670	4,527
Equity pick-up from equity investees	446	288
Dividends received from equity investees	(520)	(141)
Shareholder loan repayment/disbursements	(2)	(4)
Investments, ending balance	4,594	4,670
Kibali [Member]
Disclosure of joint ventures [line items]
Investments, beginning balance	3,279	3,218
Equity pick-up from equity investees	219	201
Dividends received from equity investees	(231)	(140)
Shareholder loan repayment/disbursements	0	0
Investments, ending balance	3,267	3,279
Jabal Sayid [Member]
Disclosure of joint ventures [line items]
Investments, beginning balance	369	296
Equity pick-up from equity investees	159	74
Dividends received from equity investees	(146)	0
Shareholder loan repayment/disbursements	0	(1)
Investments, ending balance	382	369
Zaldívar
Disclosure of joint ventures [line items]
Investments, beginning balance	967	955
Equity pick-up from equity investees	68	12
Dividends received from equity investees	(142)	0
Shareholder loan repayment/disbursements	0	0
Investments, ending balance	893	967
OtherJV [Member]
Disclosure of joint ventures [line items]
Investments, beginning balance	55	58
Equity pick-up from equity investees	0	1
Dividends received from equity investees	(1)	(1)
Shareholder loan repayment/disbursements	(2)	(3)
Investments, ending balance	$ 52	$ 55

INVESTMENTS - Summarized Equity

INVESTMENTS - Summarized Equity Investee Financial Information (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Kibali [Member]
Disclosure of joint ventures [line items]
Revenue	$ 1,469	$ 1,440
Cost of sales (excluding depreciation)	515	495
Depreciation expense	314	387
Finance expense (income)	(1)	(1)
Other expenses (income)	68	43
Income before income taxes	573	516
Income tax expense	(141)	(94)
Net income	432	422
Total comprehensive income	432	422
Jabal Sayid [Member]
Disclosure of joint ventures [line items]
Revenue	597	400
Cost of sales (excluding depreciation)	157	154
Depreciation expense	42	54
Finance expense (income)	1	0
Other expenses (income)	(5)	4
Income before income taxes	402	188
Income tax expense	(84)	(40)
Net income	318	148
Total comprehensive income	318	148
Zaldívar
Disclosure of joint ventures [line items]
Revenue	847	595
Cost of sales (excluding depreciation)	469	380
Depreciation expense	158	143
Finance expense (income)	(4)	1
Other expenses (income)	25	32
Income before income taxes	199	39
Income tax expense	(61)	(15)
Net income	138	24
Total comprehensive income	$ 138	$ 24

INVESTMENTS - Summarized Balanc

INVESTMENTS - Summarized Balance Sheet (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of joint ventures [line items]
Cash and cash equivalents	$ 5,280	$ 5,188	$ 3,314
Other current assets	612	519
Current assets	8,249	8,143
Assets	46,890	46,506
Other current liabilities	338	306
Current liabilities	2,086	2,220
Other non-current liabilities	1,301	1,268
Total liabilities	14,583	14,796
Total equity	32,307	31,710	$ 29,827
Current inventories	1,734	1,878
Non-current inventories	2,636	2,566
Kibali [Member]
Disclosure of joint ventures [line items]
Cash and cash equivalents	1,116	944
Other current assets	298	131
Current assets	1,414	1,075
Non-current assets	4,310	4,559
Assets	5,724	5,634
Current financial liabilities (excluding trade, other payables & provisions)	16	19
Other current liabilities	143	103
Current liabilities	159	122
Non-current financial liabilities (excluding trade, other payables & provisions)	68	42
Other non-current liabilities	709	653
Non-current liabilities	777	695
Total liabilities	936	817
Total equity	4,788	4,817
Jabal Sayid [Member]
Disclosure of joint ventures [line items]
Cash and cash equivalents	85	71
Other current assets	178	68
Current assets	263	139
Non-current assets	419	429
Assets	682	568
Current financial liabilities (excluding trade, other payables & provisions)	13	4
Other current liabilities	136	59
Current liabilities	149	63
Non-current financial liabilities (excluding trade, other payables & provisions)	0	0
Other non-current liabilities	14	12
Non-current liabilities	14	12
Total liabilities	163	75
Total equity	519	493
Zaldivar [Member]
Disclosure of joint ventures [line items]
Cash and cash equivalents	171	271
Other current assets	493	392
Current assets	664	663
Non-current assets	2,031	2,123
Assets	2,695	2,786
Current financial liabilities (excluding trade, other payables & provisions)	84	36
Other current liabilities	142	257
Current liabilities	226	293
Non-current financial liabilities (excluding trade, other payables & provisions)	134	125
Other non-current liabilities	529	545
Non-current liabilities	663	670
Total liabilities	889	963
Total equity	1,806	1,823
Current inventories	$ 384	323
Zaldivar [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
Disclosure of joint ventures [line items]
Current inventories		284
Non-current inventories		$ (284)

INVESTMENTS - Reconciliation of

INVESTMENTS - Reconciliation of Summarized Financial Information to Carrying Value (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Joint ventures
Disclosure of joint ventures [line items]
Carrying value	$ 4,594	$ 4,670	$ 4,527
Kibali [Member]
Disclosure of joint ventures [line items]
Beginning balance	4,817
Net income	432	422
Dividends received from equity investees	(461)
Dividends declared in prior year and received in current year	0
Ending balance	4,788	4,817
Barrick's share of net assets	2,156
Equity earnings adjustment	0
Goodwill recognition	1,111
Carrying value	3,267	3,279	3,218
Jabal Sayid [Member]
Disclosure of joint ventures [line items]
Beginning balance	493
Net income	318	148
Dividends received from equity investees	(292)
Dividends declared in prior year and received in current year	0
Ending balance	519	493
Barrick's share of net assets	259
Equity earnings adjustment	0
Goodwill recognition	123
Carrying value	382	369	296
Zaldivar [Member]
Disclosure of joint ventures [line items]
Beginning balance	1,823
Net income	138	24
Dividends received from equity investees	(285)
Dividends declared in prior year and received in current year	130
Ending balance	1,806	1,823
Barrick's share of net assets	903
Equity earnings adjustment	(10)
Goodwill recognition	0
Carrying value	$ 893	$ 967	$ 955

INVENTORIES - Inventories By Ty

INVENTORIES - Inventories By Type (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about inventory [Line Items]
Current inventories	$ 1,734	$ 1,878
Gold [Member]
Disclosure of detailed information about inventory [Line Items]
Ore in stockpiles	2,587	2,742
Ore on leach pads	663	591
Mine operating supplies	593	615
Work in process	108	117
Finished products	76	114
Inventories	4,027	4,179
Non-current ore in stockpiles and on leach pads	(2,462)	(2,452)
Current inventories	1,565	1,727
Copper [Member]
Disclosure of detailed information about inventory [Line Items]
Ore in stockpiles	174	114
Ore on leach pads	0	0
Mine operating supplies	79	54
Work in process	0	0
Finished products	90	97
Inventories	343	265
Non-current ore in stockpiles and on leach pads	(174)	(114)
Current inventories	$ 169	$ 151

INVENTORIES - Inventory Impairm

INVENTORIES - Inventory Impairment Charges (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Inventory impairment charges	$ 22	$ 29
Cortez [Member]
Disclosure of operating segments [line items]
Inventory impairment charges	22	17
Phoenix [Member]
Disclosure of operating segments [line items]
Inventory impairment charges	0	10
Carlin [Member]
Disclosure of operating segments [line items]
Inventory impairment charges	$ 0	$ 2

INVENTORIES - Ore in Stockpiles

INVENTORIES - Ore in Stockpiles and on Leach Pads (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of operating segments [line items]
Ore in stockpiles	$ 2,761	$ 2,856
Ore on leach pads	663	591
Gold [Member] | Carlin [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	986	1,029
Ore on leach pads	209	179
Gold [Member] | Pueblo Viejo [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	674	646
Gold [Member] | Turquoise Ridge
Disclosure of operating segments [line items]
Ore in stockpiles	405	365
Ore on leach pads	41	39
Gold [Member] | Loulo-Gounkoto [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	161	171
Gold [Member] | North Mara [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	93	133
Gold [Member] | Cortez [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	81	127
Ore on leach pads	113	58
Gold [Member] | Lagunas Norte [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	0	73
Ore on leach pads	0	121
Gold [Member] | Veladero
Disclosure of operating segments [line items]
Ore in stockpiles	51	58
Ore on leach pads	196	133
Gold [Member] | Phoenix [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	73	47
Ore on leach pads	23	26
Gold [Member] | Tongon [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	33	33
Gold [Member] | Porgera [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	30	30
Gold [Member] | Buzwagi
Disclosure of operating segments [line items]
Ore in stockpiles	0	15
Gold [Member] | Hemlo
Disclosure of operating segments [line items]
Ore in stockpiles	0	14
Gold [Member] | Other
Disclosure of operating segments [line items]
Ore in stockpiles	0	1
Gold [Member] | Long Canyon [Member]
Disclosure of operating segments [line items]
Ore on leach pads	77	33
Gold [Member] | Pierina
Disclosure of operating segments [line items]
Ore on leach pads	4	2
Copper [Member] | Lumwana [Member]
Disclosure of operating segments [line items]
Ore in stockpiles	$ 174	$ 114

INVENTORIES - Narrative (Detail

INVENTORIES - Narrative (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Inventories [Abstract]
Purchase obligation for supplies and consumables	$ 1,718	$ 1,882

ACCOUNTS RECEIVABLE AND OTHER_3

ACCOUNTS RECEIVABLE AND OTHER CURRENT ASSETS (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Accounts receivable
Amounts due from concentrate sales	$ 242	$ 265
Other receivables	381	293
Accounts receivable	623	558
Other current assets
Value added taxes recoverable	319	208
Prepaid expenses	206	227
Miscellaneous current assets	87	84
Other current assets (note 18)	612	519
Mali
Other current assets
VAT and fuel tax recoverables	25	59
Tanzania
Other current assets
VAT and fuel tax recoverables	90	35
Zambia
Other current assets
VAT and fuel tax recoverables	141	52
Asset arising from tax settlement	50
Argentina
Other current assets
VAT and fuel tax recoverables	39	37
Dominican Republic
Other current assets
VAT and fuel tax recoverables	$ 11	$ 11

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Property, Plant and Equipment by Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	$ 24,628	$ 24,141
Additions	2,543	2,188
Interest costs capitalized	16	24
Divestiture	(53)
Disposals	(18)	(37)
Depreciation	(2,192)	(2,365)
Impairment reversals (impairments)	30	(677)
Transfers	0	0
Property, plant and equipment, ending balance	24,954	24,628
Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	63,793	61,862
Property, plant and equipment, ending balance	64,937	63,793
Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(39,165)	(37,721)
Property, plant and equipment, ending balance	(39,983)	(39,165)
Buildings, plant and equipment [member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	7,473	7,753
Additions	23	10
Interest costs capitalized	0	0
Divestiture	(50)
Disposals	(7)	(24)
Depreciation	(1,139)	(1,219)
Impairment reversals (impairments)	42	(260)
Transfers	194	693
Property, plant and equipment, ending balance	6,536	7,473
Buildings, plant and equipment [member] | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	18,361	18,544
Property, plant and equipment, ending balance	17,237	18,361
Buildings, plant and equipment [member] | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(10,888)	(10,791)
Property, plant and equipment, ending balance	(10,701)	(10,888)
Mining property subject to depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	13,569	12,288
Additions	154	259
Interest costs capitalized	0	0
Divestiture	(2)
Disposals	(1)	(1)
Depreciation	(1,053)	(1,146)
Impairment reversals (impairments)	(13)	(412)
Transfers	1,831	1,757
Property, plant and equipment, ending balance	14,485	13,569
Mining property subject to depreciation [Member] | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	29,901	27,268
Property, plant and equipment, ending balance	31,824	29,901
Mining property subject to depreciation [Member] | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(16,332)	(14,980)
Property, plant and equipment, ending balance	(17,339)	(16,332)
Mining property not subject to depreciation [Member]
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	3,586	4,100
Additions	2,366	1,919
Interest costs capitalized	16	24
Divestiture	(1)
Disposals	(10)	(12)
Depreciation	0	0
Impairment reversals (impairments)	1	(5)
Transfers	(2,025)	(2,450)
Property, plant and equipment, ending balance	3,933	3,586
Mining property not subject to depreciation [Member] | Cost
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	15,531	16,050
Property, plant and equipment, ending balance	15,876	15,531
Mining property not subject to depreciation [Member] | Accumulated depreciation and impairments
Reconciliation of changes in property, plant and equipment [abstract]
Property, plant and equipment, beginning balance	(11,945)	(11,950)
Property, plant and equipment, ending balance	$ (11,943)	$ (11,945)

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Mineral Property Costs Not Subject to Depreciation (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Mining property not subject to depreciation [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 3,933	$ 3,586	$ 4,100
Mining property not subject to depreciation [Member] | Pascua-Lama
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	780	741
Mining property not subject to depreciation [Member] | Norte Abierto Project
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	662	653
Mining property not subject to depreciation [Member] | Donlin Gold
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	212	198
Construction-in-progress
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	2,114	1,208
Acquired mineral resources and exploration potential
Disclosure of detailed information about property, plant and equipment [line items]
Property, plant and equipment	$ 165	$ 786

PROPERTY, PLANT AND EQUIPMENT_3

PROPERTY, PLANT AND EQUIPMENT - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about property, plant and equipment [line items]
Additions to right-of-use assets	$ 22	$ 4
Depreciation, right-of-use assets	(18)	(21)
Net carrying amount of right-of-use assets	53	50
Expense relating to short-term leases for which recognition exemption has been used	10	14
Expense relating to variable lease payments not included in measurement of lease liabilities	67	35
Mining property subject to depreciation [Member] | Revision of LOM Plan
Disclosure of detailed information about property, plant and equipment [line items]
Effect of changes in our LOM on amortization expense	128	170
Construction activities
Disclosure of detailed information about property, plant and equipment [line items]
Capital commitments	$ 443	$ 223

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - Intangible Assets (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	$ 169	$ 226
Additions other than through business combinations, intangible assets other than goodwill		5
Disposals, intangible assets and goodwill	(16)	(46)
Amortization and impairment losses	3	16
Intangible assets, ending balance	150	169
Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	369
Accumulated amortization and impairment losses
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	(219)
Water rights
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	67	72
Additions other than through business combinations, intangible assets other than goodwill		0
Disposals, intangible assets and goodwill	(6)	(5)
Amortization and impairment losses	0	0
Intangible assets, ending balance	61	67
Water rights | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	61
Water rights | Accumulated amortization and impairment losses
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	0
Technology
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	6	7
Additions other than through business combinations, intangible assets other than goodwill		0
Disposals, intangible assets and goodwill	0	0
Amortization and impairment losses	0	1
Intangible assets, ending balance	6	6
Technology | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	17
Technology | Accumulated amortization and impairment losses
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	(11)
Supply contracts
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	4	7
Additions other than through business combinations, intangible assets other than goodwill		0
Disposals, intangible assets and goodwill	0	0
Amortization and impairment losses	3	3
Intangible assets, ending balance	1	4
Supply contracts | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	39
Supply contracts | Accumulated amortization and impairment losses
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	(38)
Exploration potential
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, beginning balance	92	140
Additions other than through business combinations, intangible assets other than goodwill		5
Disposals, intangible assets and goodwill	(10)	(41)
Amortization and impairment losses	0	12
Intangible assets, ending balance	82	$ 92
Exploration potential | Cost
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	252
Exploration potential | Accumulated amortization and impairment losses
Reconciliation of changes in intangible assets other than goodwill [abstract]
Intangible assets, ending balance	$ (170)

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - Goodwill (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	$ 4,769
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	4,769
Carlin
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	1,294
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	1,294
Cortez [Member]
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	899
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	899
Turquoise Ridge
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	722
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	722
Phoenix [Member]
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	119
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	119
Hemlo
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	63
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	63
Loulo-Gounkoto [Member]
Reconciliation of changes in goodwill [abstract]
Goodwill, beginning balance	1,672
Acquisitions through business combinations, intangible assets and goodwill	0
Goodwill derecognised without having previously been included in disposal group classified as held for sale	0
Goodwill, ending balance	$ 1,672

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - Gross Amount and Accumulated Impairment Losses of Goodwill (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	$ 4,769	$ 4,769
Cost
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	12,211
Accumulated impairment losses
Disclosure of reconciliation of changes in goodwill [line items]
Goodwill	$ (7,442)

IMPAIRMENT AND REVERSAL OF NO_3

IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS - Impairment Losses (Reversals) (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Impairment and reversal of non-current assets
Impairment (reversals) charges	$ (63)	$ (269)
Individual assets or cash-generating units [member] | Tanzanian Mines [Member]
Impairment and reversal of non-current assets
Impairment (reversals) charges	5	(304)
Individual assets or cash-generating units [member] | Cortez [Member]
Impairment and reversal of non-current assets
Impairment (reversals) charges	0	10
Individual assets or cash-generating units [member] | Pueblo Viejo [Member]
Impairment and reversal of non-current assets
Impairment (reversals) charges	(7)	5
Individual assets or cash-generating units [member] | Lagunas Norte [Member]
Impairment and reversal of non-current assets
Impairment (reversals) charges	(86)	0
Individual assets or cash-generating units [member] | Golden Sunlight [Member]
Impairment and reversal of non-current assets
Impairment (reversals) charges	15	0
Individual assets or cash-generating units [member] | Hemlo
Impairment and reversal of non-current assets
Impairment (reversals) charges	5	0
Intangible assets and goodwill
Impairment and reversal of non-current assets
Impairment (reversals) charges	0	12
Other assets | Other Mines
Impairment and reversal of non-current assets
Impairment (reversals) charges	5	8
Impairment (reversals) of long lived assets
Impairment and reversal of non-current assets
Impairment (reversals) charges	$ (63)	$ (269)

IMPAIRMENT AND REVERSAL OF NO_4

IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS - Narrative (Details) $ in Millions	Jun. 01, 2021USD ($)	Mar. 31, 2021USD ($)	Apr. 25, 2020	Jan. 01, 2020	Mar. 31, 2021USD ($)	Dec. 31, 2020USD ($)numberOfIndicators	Mar. 31, 2020USD ($)$ / ounce	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)
Impairment and reversal of non-current assets
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity									$ (238)
Porgera [Member]
Impairment and reversal of non-current assets
Proportion of interest held by shareholders								95.00%
Proportion of ownership in joint operation			47.50%					47.50%
Recoverable amount						$ 297		$ 299	297
Veladero [Member]
Impairment and reversal of non-current assets
Proportion of ownership in joint operation								50.00%
Indicators of impairment loss | numberOfIndicators						1
Indicators of impairment reversal | numberOfIndicators						0
Lagunas Norte [Member]
Impairment and reversal of non-current assets
Percentage of ownership interest sold	100.00%
Reversal of impairment loss					$ (86)
Lagunas Norte [Member] | Maximum
Impairment and reversal of non-current assets
Consideration paid (received)	$ (81)
Lagunas Norte [Member] | At fair value
Impairment and reversal of non-current assets
Consideration paid (received)		$ (63)
Tanzanian Mines [Member]
Impairment and reversal of non-current assets
Proportion of ownership interests held by non-controlling interests				16.00%
Reversal of impairment loss recognised in profit or loss									$ 304
Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity							$ 238
Loss (gain) on assignment of shareholder loans							$ 167
Tanzanian Mines [Member] | Minimum
Impairment and reversal of non-current assets
NAV multiple							1.1
Weighted average cost of capital, significant unobservable inputs, assets							5.40%
Tanzanian Mines [Member] | Maximum
Impairment and reversal of non-current assets
NAV multiple							1.3
Weighted average cost of capital, significant unobservable inputs, assets							6.20%
Tanzanian Mines [Member] | Long-term [Member]
Impairment and reversal of non-current assets
Mineral price (gold, in dollars per ounce; copper, in dollars per pound) | $ / ounce							1,300
Tanzanian Mines [Member] | Short-term [Member]
Impairment and reversal of non-current assets
Mineral price (gold, in dollars per ounce; copper, in dollars per pound) | $ / ounce							1,350
Bulyanhulu [Member] | Individual assets or cash-generating units [member]
Impairment and reversal of non-current assets
Recoverable amount							$ 1,237
Reversal of impairment loss recognised in profit or loss							663
North Mara [Member] | Individual assets or cash-generating units [member]
Impairment and reversal of non-current assets
Recoverable amount							967
Reversal of impairment loss recognised in profit or loss							$ 46

IMPAIRMENT AND REVERSAL OF NO_5

IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS - Assumptions (Details)	12 Months Ended
	Dec. 31, 2021$ / ounce$ / pound	Dec. 31, 2020$ / ounce$ / pound
Copper [Member] | Long-term [Member]
Disclosure of impairment assumptions
Mineral price (gold, in dollars per ounce; copper, in dollars per pound) | $ / pound	3	3
Copper [Member] | Average
Disclosure of impairment assumptions
WACC	12.00%
Gold [Member] | Short-term [Member]
Disclosure of impairment assumptions
Mineral price (gold, in dollars per ounce; copper, in dollars per pound)	1,700	1,700
Gold [Member] | Long-term [Member]
Disclosure of impairment assumptions
Mineral price (gold, in dollars per ounce; copper, in dollars per pound)	1,500	1,400
Gold [Member] | Minimum
Disclosure of impairment assumptions
WACC	3.00%	3.00%
Gold [Member] | Maximum
Disclosure of impairment assumptions
WACC	8.00%	12.00%
Gold [Member] | Average
Disclosure of impairment assumptions
WACC	4.00%	5.00%
NAV multiple	1.2	1.3
LOM year	19 years	20 years

IMPAIRMENT AND REVERSAL OF NO_6

IMPAIRMENT AND REVERSAL OF NON-CURRENT ASSETS - Sensitivities (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)$ / pound$ / ounceRate
Disclosure of information for cash-generating units [line items]
Change in gold price used in assumptions for sensitivity analysis | $ / ounce	100
Change in weighted average cost of capital used in assumptions | Rate	1.00%
Change in NAV multiple used in assumptions for sensitivity analysis	0.1
Change in copper price used in assumptions for sensitivity analysis | $ / pound	0.25
Loulo-Gounkoto [Member] | Cash-generating units
Disclosure of information for cash-generating units [line items]
Carrying Value	$ 4,214
Lumwana [Member] | Cash-generating units
Disclosure of information for cash-generating units [line items]
Carrying Value	1,578
Veladero [Member] | Cash-generating units
Disclosure of information for cash-generating units [line items]
Carrying Value	774
Long Canyon [Member] | Cash-generating units
Disclosure of information for cash-generating units [line items]
Carrying Value	495
0.1 decrease in NAV multiple [Member] | Veladero [Member]
Disclosure of information for cash-generating units [line items]
Estimated fair value of asset impairment charge (reversal)	91
$100 Decrease in Gold Price | Loulo-Gounkoto [Member]
Disclosure of information for cash-generating units [line items]
Estimated fair value of asset impairment charge (reversal)	329
$100 Decrease in Gold Price | Veladero [Member]
Disclosure of information for cash-generating units [line items]
Estimated fair value of asset impairment charge (reversal)	134
$0.25 decrease in copper price [Member] | Lumwana [Member]
Disclosure of information for cash-generating units [line items]
Estimated fair value of asset impairment charge (reversal)	393
$0.25 increase in copper price [Member] | Lumwana [Member]
Disclosure of information for cash-generating units [line items]
Estimated fair value of asset impairment charge (reversal)	$ (351)

OTHER ASSETS (Details)

OTHER ASSETS (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about other non-current assets [Line Items]
Value added taxes receivable	$ 199	$ 193
Other investments	414	428
Notes receivable	123	154
Norte Abierto JV Partner Receivable	150	193
Restricted cash	147	146
Non-current prepayments	253	161
Non-current derivative financial assets	53	40
Other	170	148
Other non-current assets	1,509	1,463
Argentina
Disclosure of detailed information about other non-current assets [Line Items]
Non-current value added tax receivables	47	52
Tanzania
Disclosure of detailed information about other non-current assets [Line Items]
Non-current value added tax receivables	94	79
Chile
Disclosure of detailed information about other non-current assets [Line Items]
Non-current value added tax receivables	$ 58	$ 61

ACCOUNTS PAYABLE (Details)

ACCOUNTS PAYABLE (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Trade and other payables [abstract]
Accounts payable	$ 539	$ 929
Accruals	909	529
Trade and other current payables	$ 1,448	$ 1,458

OTHER CURRENT LIABILITIES (Deta

OTHER CURRENT LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of Detailed Information about Other Current Liabilities [Line Items]
Provision for environmental rehabilitation (note 27b)	$ 166	$ 131
Deposit on Pueblo Viejo gold and silver streaming agreement	43	47
Share-based payments (note 34a)	57	67
Pueblo Viejo JV partner shareholder loan	9	0
Other	63	61
Other current liabilities (note 24)	$ 338	$ 306

FINANCIAL INSTRUMENTS - Cash an

FINANCIAL INSTRUMENTS - Cash and Equivalents (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of detailed information about financial instruments [line items]
Cash and equivalents	$ 5,280	$ 5,188	$ 3,314
Financial assets at amortised cost, category [member]
Disclosure of detailed information about financial instruments [line items]
Cash deposits	3,691	3,713
Term deposits	1,582	1,469
Money market investments	7	6
Cash and equivalents	5,280	5,188
Financial assets at amortised cost, category [member] | Cash held in subsidiaries with restrictions
Disclosure of detailed information about financial instruments [line items]
Cash and equivalents	$ 0	$ 0

FINANCIAL INSTRUMENTS - Debt an

FINANCIAL INSTRUMENTS - Debt and Interest (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	May 02, 2013	Apr. 03, 2012	Jun. 30, 2011	Oct. 16, 2009
Debt and interest
Repayments	$ (7)	$ (353)
Current borrowings and current portion of non-current borrowings	(15)	(20)
Non-current portion of non-current borrowings	5,135	5,135
5.7% notes
Debt and interest
Borrowings, beginning balance	842	842
Proceeds	0	0
Repayments	0	0
Amortization and other	1	0
Borrowings, ending balance	843	842	$ 842
Borrowings details
Notional amount	850	850								$ 850
Borrowings, interest rate (as percent)										5.70%
3.85%/5.25% notes
Debt and interest
Borrowings, beginning balance	744	1,079
Proceeds	0	0
Repayments	0	(337)
Amortization and other	0	2
Borrowings, ending balance	744	744	1,079
Borrowings details
Notional amount									$ 2,000
5.25% Notes
Borrowings details
Notional amount	$ 750	750							$ 750
Borrowings, interest rate (as percent)	5.25%								5.25%
5.80% notes
Debt and interest
Borrowings, beginning balance	$ 395	395
Proceeds	0	0
Repayments	0	0
Amortization and other	0	0
Borrowings, ending balance	395	395	395
Borrowings details
Notional amount	$ 400	400
Borrowings, interest rate (as percent)	5.80%
6.35% notes
Debt and interest
Borrowings, beginning balance	$ 594	594
Proceeds	0	0
Repayments	0	0
Amortization and other	0	0
Borrowings, ending balance	594	594	594
Borrowings details
Notional amount	$ 600	600
Borrowings, interest rate (as percent)	6.35%
Other fixed rate notes
Debt and interest
Borrowings, beginning balance	$ 1,081	1,080
Proceeds	0	0
Repayments	0	0
Amortization and other	1	1
Borrowings, ending balance	1,082	1,081	1,080
BNAF notes due 2038
Debt and interest
Borrowings, beginning balance	250
Borrowings, ending balance	250	250
BPADF notes due 2039 [Member]
Debt and interest
Borrowings, beginning balance	850
Borrowings, ending balance	850	850
Borrowings details
Notional amount											$ 850
Borrowings, interest rate (as percent)											5.95%
Capital leases
Debt and interest
Borrowings, beginning balance	66	96
Proceeds	0	0
Repayments	(20)	(26)
Amortization and other	22	(4)
Borrowings, ending balance	68	66	96
Nevada Gold Mines capital leases [Member]
Borrowings details
Lease liabilities	18	18
Loulo-Gounkoto capital leases [Member]
Borrowings details
Lease liabilities	25	28
Lumwana capital leases [Member]
Borrowings details
Lease liabilities	6	8
Hemlo capital leases [Member]
Borrowings details
Lease liabilities	4	2
Pascua-Lama capital leases [Member]
Borrowings details
Lease liabilities	2	2
Tongon capital leases [Member]
Borrowings details
Lease liabilities	4	4
Other debt obligations
Debt and interest
Borrowings, beginning balance	590	594
Proceeds	0	0
Repayments	(7)	(2)
Amortization and other	(2)	(2)
Borrowings, ending balance	581	590	594
5.75% notes
Debt and interest
Borrowings, beginning balance	843	842
Proceeds	0	0
Repayments	0	0
Amortization and other	0	1
Borrowings, ending balance	843	843	842
Borrowings details
Notional amount	850	850						$ 850
Borrowings, interest rate (as percent)								5.75%
Acacia credit facility [Member]
Debt and interest
Borrowings, beginning balance	0	14
Proceeds		0
Repayments		(14)	(29)	$ (28)	$ (28)	$ (29)	$ (14)
Amortization and other		0
Borrowings, ending balance		0	14
Total notes and leases [Member]
Debt and interest
Borrowings, beginning balance	5,155	5,536
Proceeds	0	0
Less: Proceeds from current borrowings	0	0
Proceeds from non-current borrowings	0	0
Repayments	(27)	(379)
Less: Repayments of current borrowings	0	0
Repayments of non-current borrowings	(27)	(379)
Amortization and other	22	(2)
Borrowings, ending balance	5,150	5,155	5,536
Current borrowings and current portion of non-current borrowings	(15)	(20)	(375)
Non-current portion of non-current borrowings	5,135	5,135	$ 5,161
Borrowings details
Current lease liabilities	15	13
Other current borrowings and current portion of other non-current borrowings	$ 0	$ 7

FINANCIAL INSTRUMENTS - Debt Na

FINANCIAL INSTRUMENTS - Debt Narrative (Details) - USD ($) $ in Millions

Jan. 31, 2020

May 02, 2013

Oct. 16, 2009

Jan. 31, 2013

Sep. 30, 2008

Dec. 31, 2021

Dec. 31, 2020

Dec. 31, 2019

Dec. 31, 2018

Dec. 31, 2017

Dec. 31, 2016

Dec. 31, 2015

Apr. 03, 2012

Jun. 30, 2011

Debt and interest

Repayments

$ 7

$ 353

BNAF Notes

Debt and interest

Notional amount

$ 4,000

5.7% notes

Debt and interest

Notional amount

850

850

$ 850

Borrowings, interest rate (as percent)

5.70%

Repayments

0

0

3.85%/5.25% Notes

Debt and interest

Notional amount

$ 2,000

Repayments

0

337

3.85% Notes

Debt and interest

Notional amount

$ 1,250

Borrowings, interest rate (as percent)

3.85%

Repayments

$ 337

$ 913

5.25% Notes

Debt and interest

Notional amount

$ 750

750

$ 750

Borrowings, interest rate (as percent)

5.25%

5.25%

BPADF notes due 2039 [Member]

Debt and interest

Notional amount

$ 850

Borrowings, interest rate (as percent)

5.95%

Term of borrowings

30 years

LLCs notes due 2013, due 2019 and due 2038 [Member]

Debt and interest

Notional amount

$ 1,250

7.50% Notes Due 2038

Debt and interest

Notional amount

$ 250

Borrowings, interest rate (as percent)

7.50%

Term of borrowings

30 years

5.75% notes

Debt and interest

Notional amount

$ 3,000

5.75% Notes

Debt and interest

Notional amount

$ 850

$ 850

850

Borrowings, interest rate (as percent)

5.75%

Repayments

0

0

Credit Facility Due 2021

Debt and interest

Repayments

$ 2,000

Credit facility due 2026 [Member]

Debt and interest

Undrawn borrowing facilities

$ 3,000

Basis spread (as percent)

1.125%

Commitment fee (as percent)

0.11%

Acacia credit facility [Member]

Debt and interest

Repayments

$ 14

$ 29

$ 28

$ 28

$ 29

$ 14

Term of borrowings

7 years

Credit facility available

$ 142

Repayment holiday period

2 years

Acacia Credit Facility Floating Interest Rate | Acacia credit facility [Member]

Debt and interest

Basis spread (as percent)

2.50%

FINANCIAL INSTRUMENTS - Interes

FINANCIAL INSTRUMENTS - Interest (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 365	$ 343
Borrowing costs capitalised	(16)	(24)
Interest	349	319
Deposits on Pascua-Lama silver sale agreement (note 29)
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 4	$ 1
Effective rate (as percent)	2.82%	0.53%
Deposits on Pueblo Viejo gold and silver streaming agreement (note 29)
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 31	$ 33
Effective rate (as percent)	6.24%	6.44%
5.7% notes
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 49	$ 49
Effective rate (as percent)	5.74%	5.73%
3.85%/5.25% notes
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 40	$ 41
Effective rate (as percent)	5.29%	5.31%
5.80% notes
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 23	$ 23
Effective rate (as percent)	5.85%	5.84%
6.35% notes
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 38	$ 38
Effective rate (as percent)	6.41%	6.39%
Other fixed rate notes
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 70	$ 70
Effective rate (as percent)	6.38%	6.38%
Capital leases
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 5	$ 5
Effective rate (as percent)	7.66%	6.09%
Other debt obligations
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 35	$ 34
Effective rate (as percent)	6.25%	6.16%
5.75% notes
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 49	$ 49
Effective rate (as percent)	5.79%	5.77%
Other interest [Member]
Disclosure of detailed information about borrowings [line items]
Interest cost	$ 21	$ 0

FINANCIAL INSTRUMENTS - Schedul

FINANCIAL INSTRUMENTS - Scheduled Debt Repayments (Details) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	$ 5,109
Minimum annual payments under leases	67
7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	7
7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	5
7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	32
8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	15
6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	200
5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	200
5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	200
6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	300
6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	600
7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	250
5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	850
5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	850
5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	750
5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	850
2022
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
Minimum annual payments under leases	15
2022 | 7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2022 | 5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
Minimum annual payments under leases	12
2023 | 7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2023 | 5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
Minimum annual payments under leases	5
2024 | 7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2024 | 5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	12
Minimum annual payments under leases	5
2025 | 7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	7
2025 | 7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	5
2025 | 7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2025 | 5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	47
Minimum annual payments under leases	3
2026 | 7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	32
2026 | 8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	15
2026 | 6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2026 | 5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2027 and thereafter
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	5,050
Minimum annual payments under leases	27
2027 and thereafter | 7.73% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2027 and thereafter | 7.70% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2027 and thereafter | 7.37% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2027 and thereafter | 8.05% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	0
2027 and thereafter | 6.38% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	200
2027 and thereafter | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	200
2027 and thereafter | 5.80% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	200
2027 and thereafter | 6.45% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	300
2027 and thereafter | 6.35% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	600
2027 and thereafter | 7.50% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	250
2027 and thereafter | 5.95% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	850
2027 and thereafter | 5.7% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	850
2027 and thereafter | 5.25% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	750
2027 and thereafter | 5.75% notes
Scheduled debt repayments [abstract]
Total undiscounted cash flows of borrowings	$ 850

FINANCIAL INSTRUMENTS - Summary

FINANCIAL INSTRUMENTS - Summary of Derivatives (Details) oz in Thousands	12 Months Ended
	Dec. 31, 2020oz	Dec. 31, 2021USD ($)
Disclosure of detailed information about financial instruments [line items]
Ounces of gold purchased for collars | oz	57
Collar [Member]
Disclosure of detailed information about financial instruments [line items]
Notional amount | $		$ 0

FAIR VALUE MEASUREMENTS - Asset

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured on Recurring Basis at Aggregate Fair Value (Details) - Recurring fair value measurement - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	$ 5,989	$ 5,921
Quoted Prices in Active Markets for Identical Assets (Level 1)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	5,694	5,616
Significant Other Observable Inputs (Level 2)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	295	305
Significant Unobservable Inputs (Level 3)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Cash and cash equivalents [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	5,280	5,188
Cash and cash equivalents [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	5,280	5,188
Cash and cash equivalents [Member] | Significant Other Observable Inputs (Level 2)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Cash and cash equivalents [Member] | Significant Unobservable Inputs (Level 3)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Other investments [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	414	428
Other investments [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	414	428
Other investments [Member] | Significant Other Observable Inputs (Level 2)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Other investments [Member] | Significant Unobservable Inputs (Level 3)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Derivatives
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	53	40
Derivatives | Quoted Prices in Active Markets for Identical Assets (Level 1)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Derivatives | Significant Other Observable Inputs (Level 2)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	53	40
Derivatives | Significant Unobservable Inputs (Level 3)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Receivables from provisional copper and gold sales [Member]
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	242	265
Receivables from provisional copper and gold sales [Member] | Quoted Prices in Active Markets for Identical Assets (Level 1)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	0	0
Receivables from provisional copper and gold sales [Member] | Significant Other Observable Inputs (Level 2)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	242	265
Receivables from provisional copper and gold sales [Member] | Significant Unobservable Inputs (Level 3)
Disclosure of fair value measurement of assets [line items]
Financial assets, at fair value	$ 0	$ 0

FAIR VALUE MEASUREMENTS - Ass_2

FAIR VALUE MEASUREMENTS - Assets and Liabilities Measured on Recurring Basis (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Carrying amount
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	$ 849	$ 1,039
Financial liabilities	5,623	5,537
Carrying amount | Debt
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	5,150	5,155
Carrying amount | Other liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	473	382
Carrying amount | Other assets
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	382	571
Carrying amount | Other investments
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	414	428
Carrying amount | Derivatives
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	53	40
Estimated fair value
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	849	1,039
Financial liabilities	7,401	7,670
Estimated fair value | Debt
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	6,928	7,288
Estimated fair value | Other liabilities
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial liabilities	473	382
Estimated fair value | Other assets
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	382	571
Estimated fair value | Other investments
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	414	428
Estimated fair value | Derivatives
Disclosure of fair value measurement of assets and liabilities [Line Items]
Financial assets	$ 53	$ 40

PROVISIONS - Provisions by Type

PROVISIONS - Provisions by Type (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other provisions [line items]
Provisions	$ 2,768	$ 3,139
Environmental rehabilitation (“PER”)
Disclosure of other provisions [line items]
Provisions	2,559	2,950
Post-retirement benefits
Disclosure of other provisions [line items]
Provisions	48	43
Share-based payments
Disclosure of other provisions [line items]
Provisions	17	24
Other employee benefits
Disclosure of other provisions [line items]
Provisions	42	25
Other
Disclosure of other provisions [line items]
Provisions	$ 102	$ 97

PROVISIONS - Environmental Reha

PROVISIONS - Environmental Rehabilitation (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of other provisions [line items]
Provisions, noncurrent	$ 2,768	$ 3,139
Environmental rehabilitation
Disclosure of other provisions [line items]
Environmental rehabilitation, beginning balance	3,081	3,078
Environmental rehabilitation, ending balance	2,725	3,081
Current provisions	(166)	(131)
Provisions, noncurrent	2,559	2,950
Operating segments [member] | Environmental rehabilitation
Disclosure of other provisions [line items]
Other increase (decrease) during period	(42)	1
Cash payments	(44)	(39)
Settlement gains	(2)	(3)
Accretion	30	25
Other items not allocated to segments | Environmental rehabilitation
Disclosure of other provisions [line items]
PERs divested during the year	(265)	(6)
Other increase (decrease) during period	44	79
Cash payments	(89)	(67)
Settlement gains	(6)	(3)
Accretion	$ 18	$ 16

PROVISIONS - Narrative (Details

PROVISIONS - Narrative (Details) - Environmental rehabilitation $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2021USD ($)
Disclosure of other provisions [line items]
Increase (decrease) in other provisions	$ (97)	$ (356)
Change in discount rate, other provision		1.00%
Expected decrease in other provisions with 1% increase in discount rate		$ (315)
Expected increase in other provisions with 1% decrease in discount rate		$ 0
Discount rate applied to cash flow projections	0.00%	0.00%

FINANCIAL RISK MANAGEMENT - Nar

FINANCIAL RISK MANAGEMENT - Narrative (Details) oz in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)	Dec. 31, 2020USD ($)oz
Commodity price risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Ounces of gold purchased for collars | oz		57
Interest rate risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and cash equivalents	$ 5,300
Sensitivity analysis for possible change in risk variable, percent change	1.00%
Sensitivity analysis for possible change in risk variable, impact on equity	$ 37	$ 30
Interest rate risk | Variable rate
Disclosure of nature and extent of risks arising from financial instruments [line items]
Borrowings	100
Liquidity risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and cash equivalents	5,280	5,188
Borrowings	5,200	5,200
Debt net of cash and cash equivalents	(130)	$ (33)
Undrawn borrowing facilities	$ 3,000
Required ratio of debt to total capitalization	0.60
Debt to total capitalization ratio, actual	0

FINANCIAL RISK MANAGEMENT - Max

FINANCIAL RISK MANAGEMENT - Maximum Exposure Credit Risk (Details) - Credit risk - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of nature and extent of risks arising from financial instruments [line items]
Maximum exposure to credit risk	$ 5,956	$ 5,786
Cash and cash equivalents [Member]
Disclosure of nature and extent of risks arising from financial instruments [line items]
Maximum exposure to credit risk	5,280	5,188
Accounts receivable
Disclosure of nature and extent of risks arising from financial instruments [line items]
Maximum exposure to credit risk	623	558
Derivative assets
Disclosure of nature and extent of risks arising from financial instruments [line items]
Maximum exposure to credit risk	$ 53	$ 40

FINANCIAL RISK MANAGEMENT - Exp

FINANCIAL RISK MANAGEMENT - Expected Maturity of Financial Assets and Liablities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and equivalents	$ 5,280	$ 5,188	$ 3,314
Accounts receivable	623	558
Liquidity risk
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and equivalents	5,280	5,188
Accounts receivable	623	558
Derivative assets	53	40
Trade and other payables	1,448	1,458
Debt	5,176	5,181
Other liabilities	473	382
Liquidity risk | Less than 1 year
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and equivalents	5,280	5,188
Accounts receivable	623	558
Derivative assets	0	0
Trade and other payables	1,448	1,458
Debt	15	20
Other liabilities	30	31
Liquidity risk | 1 to 3 years
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and equivalents	0	0
Accounts receivable	0	0
Derivative assets	53	40
Trade and other payables	0	0
Debt	17	16
Other liabilities	196	72
Liquidity risk | 3 to 5 years
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and equivalents	0	0
Accounts receivable	0	0
Derivative assets	0	0
Trade and other payables	0	0
Debt	67	20
Other liabilities	92	36
Liquidity risk | Over 5 years
Disclosure of nature and extent of risks arising from financial instruments [line items]
Cash and equivalents	0	0
Accounts receivable	0	0
Derivative assets	0	0
Trade and other payables	0	0
Debt	5,077	5,125
Other liabilities	$ 155	$ 243

OTHER NON-CURRENT LIABILITIES -

OTHER NON-CURRENT LIABILITIES - Other Non-Current Liabilities by Type (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of detailed information about other non-current liabilities [Line Items]
Other liabilities (note 29)	$ 1,301	$ 1,268
Revenues from streaming arrangements
Revenue	11,985	12,595
Pascua-Lama
Disclosure of detailed information about other non-current liabilities [Line Items]
Deposit on agreement	154	149
Pueblo Viejo [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Deposit on agreement	438	447
Shareholder loan	164	42
Revenues from streaming arrangements
Revenue	1,514	1,613
Pueblo Viejo [Member] | Royal Gold
Revenues from streaming arrangements
Revenue	44	53
Bulyanhulu and Buzwagi [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Shareholder loan	150	167
Consolidated total [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Long-term income tax payable	267	321
Provision for offsite remediation	52	50
Other non-current financial liabilities	$ 76	$ 92

OTHER NON-CURRENT LIABILITIES_2

OTHER NON-CURRENT LIABILITIES - Narrative (Details) $ in Millions	Jan. 01, 2020	Sep. 29, 2015USD ($)ozt	Dec. 31, 2021USD ($)$ / ounce	Dec. 31, 2020USD ($)	Nov. 30, 2020USD ($)	Sep. 30, 2020USD ($)	Dec. 31, 2019USD ($)
Disclosure of detailed information about other non-current liabilities [Line Items]
Repayments of bonds, notes and debentures			$ 16	$ 0
Proceeds from issue of bonds, notes and debentures			131	42
Revenue			11,985	12,595
Gain (Loss) On Remeasurement Of Liability			$ 0	104
Proportion of ownership interest in subsidiary			100.00%
PV Shareholder Loan [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Credit facility available					$ 1,300
PV Shareholder Loan [Member] | Variable rate
Disclosure of detailed information about other non-current liabilities [Line Items]
Basis spread (as percent)					4.00%
PV Shareholder Loan Facility I [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Credit facility available					$ 800
Proceeds from issue of bonds, notes and debentures			$ 327	104
PV Shareholder Loan Facility II [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Credit facility available					$ 500
Pueblo Viejo [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests			40.00%
Shareholder loan			$ 164	42
Revenue			$ 1,514	1,613
Proportion of ownership interest in subsidiary			60.00%
Gold [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Revenue			$ 10,738	11,670
Newmont Corporation [Member] | PV Shareholder Loan Facility I [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Proceeds from issue of bonds, notes and debentures			131	42
Royal Gold
Disclosure of detailed information about other non-current liabilities [Line Items]
Expected initial revenue payments (as percent)		30.00%
Expected revenue payment from contracts with customers, as percent of prevailing spot prices on volume of mineral resources in deliveries thereafter (as percent)		60.00%
Royal Gold | Pueblo Viejo [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Revenue			44	53
Deposits from customers		$ 610
Royal Gold | Silver
Disclosure of detailed information about other non-current liabilities [Line Items]
Threshold delivery volume (in ounces) | ozt		23,100,000
Royal Gold | Silver | Pueblo Viejo [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Percent of interest in mineral resource production sold until initial delivery maximum achieved (as percent)		75.00%
Initial delivery maximum (in ounces) | ozt		50,000,000
Percent of interest in mineral resource production to be delivered thereafter (as percent)		37.50%
Fixed recovery rate (as percent)		70.00%
Royal Gold | Gold [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Threshold delivery volume (in ounces) | ozt		550,000
Royal Gold | Gold [Member] | Pueblo Viejo [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Percent of interest in mineral resource production sold until initial delivery maximum achieved (as percent)		7.50%
Initial delivery maximum (in ounces) | ozt		990,000
Percent of interest in mineral resource production to be delivered thereafter (as percent)		3.75%
Bulyanhulu and Buzwagi [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Proportion of ownership interests held by non-controlling interests	16.00%
Bulyanhulu and Buzwagi [Member] | GoT loan [Member]
Disclosure of detailed information about other non-current liabilities [Line Items]
Shareholder loan				167
Repayments of bonds, notes and debentures			$ 16
Pascua-Lama | Silver Wheaton Corp.
Disclosure of detailed information about other non-current liabilities [Line Items]
Contract liabilities						$ 148
Gain (Loss) On Remeasurement Of Liability				$ 104
Pascua-Lama | Silver Wheaton Corp. | Silver
Disclosure of detailed information about other non-current liabilities [Line Items]
Goods deliverable under contract (as percent)			25.00%
Deposits from customers			$ 625
Contract duration			3 years
Selling price (in dollars per ounce) | $ / ounce			3.90
Annual inflation adjustment (as percent)			1.00%
Starting period after project period to apply annual inflation adjustment			3 years
Agreement termination timeframe			90 days
Contract liabilities							$ 253
Lagunas Norte, Pierina and Veladero | Silver Wheaton Corp. | Silver
Disclosure of detailed information about other non-current liabilities [Line Items]
Goods deliverable under contract (as percent)			100.00%

DEFERRED INCOME TAXES - Narrati

DEFERRED INCOME TAXES - Narrative (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Tax on undistributed earnings	$ 66
Undistributed earnings of foreign subsidiaries	18,016
Deferred tax assets	29	$ 98
Deferred tax liabilities	3,293	3,034
Unused tax losses, net	4,995
Deductible temporary differences for which no deferred tax asset is recognised	2,783	3,129
2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses, net	99
2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses, net	401
2024
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses, net	214
2025
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses, net	221
2026+
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses, net	2,287
No expiry date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses, net	1,772
Non-capital tax losses
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	1,048	1,168
Capital tax losses | No expiry date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	321	323
Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	5	3
Other | No expiry date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	$ 1,414	$ 1,638

DEFERRED INCOME TAXES - Sources

DEFERRED INCOME TAXES - Sources of Deferred Income Tax Assets and Liabilities (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	$ 29	$ 98
Deferred tax liabilities	(3,293)	(3,034)
Deferred tax liability (asset)	3,264	2,936
Before offset amount
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	705	930
Deferred tax liabilities	(3,264)	(2,936)
Tax loss carry forwards
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	330	456
Tax credits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	10	13
Environmental rehabilitation
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	262	358
Post-retirement benefit obligations and other employee benefits
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	30	30
Other working capital
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	68	70
Other
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax assets	5	3
Property, plant and equipment
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liabilities	(3,556)	(3,375)
Inventory
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liabilities	(416)	(463)
Accrued interest payable
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deferred tax liabilities	$ 3	$ (28)

DEFERRED INCOME TAXES - Expiry

DEFERRED INCOME TAXES - Expiry Dates of Tax Losses and AMT (Details) - Non-capital tax losses $ in Millions	Dec. 31, 2021USD ($)
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	$ 6,094
BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	1,067
Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	2,146
Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	894
Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	349
Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	1,296
United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	190
Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	48
Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	104
2022
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	129
2022 | BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	97
2022 | Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2022 | Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2022 | Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2022 | Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2022 | United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2022 | Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	32
2022 | Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2023
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	401
2023 | BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	399
2023 | Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2023 | Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2023 | Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2023 | Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2023 | United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2023 | Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	2
2023 | Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2024
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	215
2024 | BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	213
2024 | Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2024 | Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2024 | Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2024 | Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2024 | United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2024 | Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	2
2024 | Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2025
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	221
2025 | BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	220
2025 | Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2025 | Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2025 | Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2025 | Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2025 | United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2025 | Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	1
2025 | Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2026+
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	2,354
2026+ | BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	138
2026+ | Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	2,146
2026+ | Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2026+ | Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2026+ | Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2026+ | United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
2026+ | Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	11
2026+ | Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	59
No expiry date
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	2,774
No expiry date | BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
No expiry date | Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
No expiry date | Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	894
No expiry date | Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	349
No expiry date | Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	1,296
No expiry date | United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	190
No expiry date | Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	0
No expiry date | Others
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Unused tax losses for which no deferred tax asset recognised	$ 45

DEFERRED INCOME TAXES - Deferre

DEFERRED INCOME TAXES - Deferred Tax Assets Not Recognized (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	$ 2,783	$ 3,129
Argentina
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	118	105
Australia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	302	298
BARBADOS
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	27	10
Canada
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	966	1,127
Chile
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	1,059	1,037
Côte d'Ivoire
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	6	6
Mali
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	11	9
Peru
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	79	281
Saudi Arabia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	71	70
Tanzania
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	105	110
United Kingdom
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	36	36
Zambia
Disclosure of temporary difference, unused tax losses and unused tax credits [line items]
Deductible temporary differences for which no deferred tax asset is recognised	$ 3	$ 40

DEFERRED INCOME TAXES - Source

DEFERRED INCOME TAXES - Source of Changes in Deferred Tax Balances and Income Tax Related Contingent Liabilities (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Source of Changes in Deferred Tax Balances
Income from continuing operations before income taxes	$ (345)	$ (151)
Increase (decrease) in income tax payable	(2)	65
Tax impact of amounts recognized within accumulated OCI	19	(6)
Increase (decrease) in other tax payable	0	12
Increase (decrease) in deferred tax liability (asset)	(328)	(80)
Income Tax Related Contingent Liabilities
Source of Changes in Deferred Tax Balances
Estimated financial effect of contingent liabilities	266	327
Net additions based on uncertain tax positions related to prior years	19	39
Reductions for tax positions of prior years	(28)	(100)
Estimated financial effect of contingent liabilities	257	266
Property, plant and equipment
Source of Changes in Deferred Tax Balances
Increase (decrease) in deferred tax liability (asset)	(181)	(112)
Environmental rehabilitation
Source of Changes in Deferred Tax Balances
Increase (decrease) in deferred tax liability (asset)	(97)	29
Tax loss carry forwards
Source of Changes in Deferred Tax Balances
Increase (decrease) in deferred tax liability (asset)	(127)	(54)
AMT and other tax credits [Member]
Source of Changes in Deferred Tax Balances
Increase (decrease) in deferred tax liability (asset)	(3)	(14)
Inventory
Source of Changes in Deferred Tax Balances
Increase (decrease) in deferred tax liability (asset)	48	81
Other
Source of Changes in Deferred Tax Balances
Increase (decrease) in deferred tax liability (asset)	$ 32	$ (10)

CAPITAL STOCK (Details)

CAPITAL STOCK (Details) - USD ($) $ / shares in Units, $ in Millions	Feb. 15, 2022	Dec. 15, 2021	Sep. 15, 2021	Jun. 15, 2021	Dec. 31, 2021	Dec. 31, 2020	May 04, 2021
Capital stock
Capital stock
Number of shares issued					1,779,331,037
Par value per share (in dollars per share)					$ 0
Dividends reinvested					$ 5	$ 4
Decrease through other distributions to owners, equity					750
Capital stock | Less than 1 year
Capital stock
Authorized cash outflow for repurchase of outstanding shares	$ 1,000
Deficit
Capital stock
Dividends recognised as distributions to owners of parent					634	547
Dividends reinvested					(5)	(4)
Decrease through other distributions to owners, equity					0
Other
Capital stock
Dividends reinvested					0	$ 0
Approved return of capital distribution							$ 750
Decrease through other distributions to owners, equity					$ 0
Other | Tranche 1 [Member]
Capital stock
Decrease through other distributions to owners, equity				$ 250
Other | Tranche 2 [Member]
Capital stock
Decrease through other distributions to owners, equity			$ 250
Other | Tranche 3 [Member]
Capital stock
Decrease through other distributions to owners, equity		$ 250

NON-CONTROLLING INTERESTS - Con

NON-CONTROLLING INTERESTS - Continuity (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Non-controlling interests, beginning balance	$ 8,369
Profit (loss), attributable to non-controlling interests	1,266	$ 1,290
Cash contributed	12	11
Disbursements	(1,111)	(1,578)
Non-controlling interests, ending balance	8,450	8,369
Subsidiaries
Disclosure of subsidiaries [line items]
Non-controlling interests, beginning balance	8,369	8,395
Profit (loss), attributable to non-controlling interests	1,266	1,290
Cash contributed	12	11
Increase (decrease) in non-controlling interest	(86)	251
Disbursements	(1,111)	(1,578)
Non-controlling interests, ending balance	$ 8,450	8,369
Nevada Gold Mines
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	38.50%
Non-controlling interests, beginning balance	$ 5,978	6,039
Profit (loss), attributable to non-controlling interests	980	965
Cash contributed	0	0
Increase (decrease) in non-controlling interest	(49)	0
Disbursements	(848)	(1,026)
Non-controlling interests, ending balance	$ 6,061	5,978
Pueblo Viejo [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	40.00%
Non-controlling interests, beginning balance	$ 1,193	1,424
Profit (loss), attributable to non-controlling interests	174	196
Cash contributed	0	0
Increase (decrease) in non-controlling interest	0	0
Disbursements	(178)	(427)
Non-controlling interests, ending balance	$ 1,189	1,193
Tanzanian Mines [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	16.00%
Non-controlling interests, beginning balance	$ 263	0
Profit (loss), attributable to non-controlling interests	35	57
Cash contributed	0	0
Increase (decrease) in non-controlling interest	0	251
Disbursements	0	(45)
Non-controlling interests, ending balance	$ 298	263
Loulo-Gounkoto [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	20.00%
Non-controlling interests, beginning balance	$ 933	901
Profit (loss), attributable to non-controlling interests	71	68
Cash contributed	0	0
Increase (decrease) in non-controlling interest	0	0
Disbursements	(51)	(36)
Non-controlling interests, ending balance	$ 953	933
Tongon [Member]
Disclosure of subsidiaries [line items]
Proportion of ownership interests held by non-controlling interests	10.30%
Non-controlling interests, beginning balance	$ 39	47
Profit (loss), attributable to non-controlling interests	6	9
Cash contributed	0	0
Increase (decrease) in non-controlling interest	0	0
Disbursements	(16)	(17)
Non-controlling interests, ending balance	29	39
Other
Disclosure of subsidiaries [line items]
Non-controlling interests, beginning balance	(37)	(16)
Profit (loss), attributable to non-controlling interests	0	(5)
Cash contributed	12	11
Increase (decrease) in non-controlling interest	(37)	0
Disbursements	(18)	(27)
Non-controlling interests, ending balance	$ (80)	$ (37)

NON-CONTROLLING INTERESTS - Sum

NON-CONTROLLING INTERESTS - Summarized Balance Sheets (Details) - USD ($) $ in Millions	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Current assets	$ 8,249	$ 8,143
Assets	46,890	46,506
Current liabilities	2,086	2,220
Total liabilities	14,583	14,796
Nevada Gold Mines
Disclosure of subsidiaries [line items]
Current assets	3,351	6,111
Non-current assets	13,750	13,708
Assets	17,101	19,819
Current liabilities	561	636
Non-current liabilities	1,244	1,266
Total liabilities	1,805	1,902
Pueblo Viejo [Member]
Disclosure of subsidiaries [line items]
Current assets	394	491
Non-current assets	4,724	4,342
Assets	5,118	4,833
Current liabilities	633	240
Non-current liabilities	1,249	1,053
Total liabilities	1,882	1,293
Tanzanian Mines [Member]
Disclosure of subsidiaries [line items]
Current assets	637	530
Non-current assets	1,798	1,758
Assets	2,435	2,288
Current liabilities	926	1,024
Non-current liabilities	526	565
Total liabilities	1,452	1,589
Loulo-Gounkoto [Member]
Disclosure of subsidiaries [line items]
Current assets	444	347
Non-current assets	4,712	4,660
Assets	5,156	5,007
Current liabilities	141	32
Non-current liabilities	575	567
Total liabilities	716	599
Tongon [Member]
Disclosure of subsidiaries [line items]
Current assets	205	288
Non-current assets	192	265
Assets	397	553
Current liabilities	76	118
Non-current liabilities	59	76
Total liabilities	$ 135	$ 194

NON-CONTROLLING INTERESTS - S_2

NON-CONTROLLING INTERESTS - Summarized Statements of Income (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Revenue	$ 11,985	$ 12,595
Net income	3,288	3,614
Other comprehensive income	(37)	136
Total comprehensive income	3,251	3,750
Nevada Gold Mines
Disclosure of subsidiaries [line items]
Revenue	6,135	6,299
Net income	2,246	2,439
Other comprehensive income	9	0
Total comprehensive income	2,255	2,439
Dividends paid to non-controlling interests	848	1,026
Pueblo Viejo [Member]
Disclosure of subsidiaries [line items]
Revenue	1,514	1,613
Net income	361	418
Other comprehensive income	0	0
Total comprehensive income	361	418
Dividends paid to non-controlling interests	48	6
Tanzanian Mines [Member]
Disclosure of subsidiaries [line items]
Revenue	993	1,213
Net income	284	653
Other comprehensive income	0	0
Total comprehensive income	284	653
Dividends paid to non-controlling interests	0	45
Loulo-Gounkoto [Member]
Disclosure of subsidiaries [line items]
Revenue	1,249	1,208
Net income	322	339
Other comprehensive income	0	0
Total comprehensive income	322	339
Dividends paid to non-controlling interests	51	36
Tongon [Member]
Disclosure of subsidiaries [line items]
Revenue	368	507
Net income	52	83
Other comprehensive income	0	0
Total comprehensive income	52	83
Dividends paid to non-controlling interests	$ 20	$ 0

NON-CONTROLLING INTERESTS - S_3

NON-CONTROLLING INTERESTS - Summarized Statements of Cash Flows (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of subsidiaries [line items]
Net cash provided by operating activities	$ 4,378	$ 5,417
Net cash used in investing activities	(1,897)	(1,286)
Net cash used in financing activities	(2,388)	(2,254)
Net increase (decrease) in cash and equivalents	92	1,874
Nevada Gold Mines
Disclosure of subsidiaries [line items]
Net cash provided by operating activities	3,035	3,518
Net cash used in investing activities	(962)	(971)
Net cash used in financing activities	(2,208)	(2,668)
Net increase (decrease) in cash and equivalents	(135)	(121)
Pueblo Viejo [Member]
Disclosure of subsidiaries [line items]
Net cash provided by operating activities	541	820
Net cash used in investing activities	(522)	(223)
Net cash used in financing activities	(101)	(651)
Net increase (decrease) in cash and equivalents	(82)	(54)
Tanzanian Mines [Member]
Disclosure of subsidiaries [line items]
Net cash provided by operating activities	373	609
Net cash used in investing activities	(178)	(181)
Net cash used in financing activities	(100)	(270)
Net increase (decrease) in cash and equivalents	95	158
Loulo-Gounkoto [Member]
Disclosure of subsidiaries [line items]
Net cash provided by operating activities	605	497
Net cash used in investing activities	(297)	(226)
Net cash used in financing activities	(254)	(189)
Net increase (decrease) in cash and equivalents	54	82
Tongon [Member]
Disclosure of subsidiaries [line items]
Net cash provided by operating activities	61	252
Net cash used in investing activities	(17)	(8)
Net cash used in financing activities	(143)	(119)
Net increase (decrease) in cash and equivalents	$ (99)	125
Tongon [Member] | Revision of Prior Period, Reclassification, Adjustment [Member]
Disclosure of subsidiaries [line items]
Net cash provided by operating activities		117
Net cash used in financing activities		$ (117)

RELATED PARTY TRANSACTIONS (Det

RELATED PARTY TRANSACTIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Related party transactions [abstract]
Salaries and short-term employee benefits	$ 36	$ 33
Post-employment benefits	6	4
Share-based payments and other	25	45
Key management personnel compensation	$ 67	$ 82

STOCK-BASED COMPENSATION - Narr

STOCK-BASED COMPENSATION - Narrative (Details) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares	Dec. 31, 2019USD ($)shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees	$ 33	$ 67
Liabilities from share-based payment transactions	57	67
RSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees	$ 31	$ 45
Weighted average remaining contractual life	9 months	9 months 29 days
Number of units outstanding (shares) | shares	2,518	2,623	3,110
Liabilities from share-based payment transactions	$ 31	$ 38.6	$ 41.5
PGSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of units outstanding (shares) | shares	2,873	3,962
Liabilities from share-based payment transactions	$ 43	$ 52
Stock options
Disclosure of terms and conditions of share-based payment arrangement [line items]
Expense from share-based payment transactions with employees	$ 0	$ 0
Vesting period	4 years
Exercise period	7 years
Number of shares available for grant (shares) | shares	0	100
Intrinsic value of options exercised	$ 1	$ 2
Unrecognized compensation cost	$ 0	$ 0

STOCK-BASED COMPENSATION - DSU

STOCK-BASED COMPENSATION - DSU and RSU Activity (Details) shares in Thousands, $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)shares	Dec. 31, 2020USD ($)shares
Disclosure of terms and conditions of share-based payment arrangement [line items]
Fair value, beginning of period	$ 67
Fair value, end of period	$ 57	$ 67
DSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of units outstanding beginning of period (shares) | shares	561	476
Settled for cash (shares) | shares	0	0
Forfeited (shares) | shares		0
Granted (shares) | shares	117	85
Credits for dividends (shares) | shares	0	0
Increase (decrease) in number of shares outstanding | shares	0	0
Number of units outstanding end of period (shares) | shares	678	561
Fair value, beginning of period	$ 12.8	$ 8.8
Settled for cash	0	0
Forfeited		0
Granted	2.2	2
Credits for dividends	0	0
Change in value	(2.4)	2
Fair value, end of period	$ 12.6	$ 12.8
RSUs
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of units outstanding beginning of period (shares) | shares	2,623	3,110
Settled for cash (shares) | shares	(1,435)	(2,136)
Forfeited (shares) | shares		(313)
Granted (shares) | shares	1,300	1,923
Credits for dividends (shares) | shares	30	39
Increase (decrease) in number of shares outstanding | shares	0	0
Number of units outstanding end of period (shares) | shares	2,518	2,623
Fair value, beginning of period	$ 38.6	$ 41.5
Settled for cash	(36.2)	(47.3)
Forfeited		(5.7)
Granted	26.4	35.2
Credits for dividends	0.6	0.9
Change in value	1.6	14
Fair value, end of period	$ 31	$ 38.6

STOCK-BASED COMPENSATION - Empl

STOCK-BASED COMPENSATION - Employee Stock Options (Details) shares in Millions	12 Months Ended
	Dec. 31, 2021shares$ / shares	Dec. 31, 2021shares$ / shares$ / shares	Dec. 31, 2020shares$ / shares	Dec. 31, 2020shares$ / shares$ / shares	Dec. 31, 2021$ / shares	Dec. 31, 2020$ / shares	Dec. 31, 2019$ / shares	Dec. 31, 2019$ / shares
Canada
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options at January 1 (shares)	0.1	0.1	0.2	0.2
Number of share options exercised in share-based payment arrangement	(0.1)	(0.1)	(0.1)	(0.1)
Number of options at December 31 (shares)	0	0	0.1	0.1
Weighted average exercise price of share options exercisable in share-based payment arrangement | $ / shares	$ 0	$ 0	$ 10	$ 10			$ 10
Weighted average exercise price of share options exercised in share-based payment arrangement | $ / shares	$ 10		$ 10
United States
Disclosure of terms and conditions of share-based payment arrangement [line items]
Number of options at January 1 (shares)	0	0	0.1	0.1
Number of options cancelled/expired (shares)	0	0	(0.1)	(0.1)
Number of options at December 31 (shares)	0	0	0	0
Weighted average exercise price of share options exercisable in share-based payment arrangement | $ / shares					$ 0	$ 0		$ 32
Weighted average exercise price of share options expired in share-based payment arrangement | $ / shares		$ 0		$ 32

CONTINGENCIES (Details)

CONTINGENCIES (Details)

Apr. 09, 2021

Jan. 27, 2021individual

Jan. 21, 2021

Sep. 17, 2020

Jan. 24, 2020USD ($)Payment

Jan. 01, 2020

Oct. 14, 2019USD ($)

Aug. 28, 2019USD ($)

Oct. 12, 2018charge

Oct. 19, 2017

Sep. 14, 2017individualnumberOfInvestigations

Jun. 08, 2016claim

Oct. 01, 2014claim

Nov. 30, 2020

Oct. 31, 2020USD ($)

Oct. 31, 2019claim

Sep. 30, 2019numberOfAffidavits

Aug. 31, 2017defendant

Jan. 31, 2016USD ($)

Feb. 28, 2011

Nov. 30, 2008individual

Dec. 31, 2017USD ($)

Sep. 30, 2017USD ($)

Jun. 30, 2017USD ($)

Jun. 30, 2021

Dec. 31, 2017

Jun. 30, 2017

Sep. 30, 2014claim

Dec. 31, 2021USD ($)

Dec. 31, 2020USD ($)

Nov. 01, 2013USD ($)

Feb. 03, 2022USD ($)

Oct. 02, 2020USD ($)

Apr. 30, 2020USD ($)

Dec. 31, 2019USD ($)

Jul. 31, 2019USD ($)

Jan. 23, 2018USD ($)

Jan. 17, 2018USD ($)

Dec. 26, 2017USD ($)

Apr. 06, 2016USD ($)

May 30, 2013USD ($)

Disclosure of contingencies

Impairment (reversals) charges

$ (63,000,000)

$ (269,000,000)

Dividends paid, classified as financing activities

634,000,000

547,000,000

Decrease through disbursements to non-controlling interests

1,111,000,000

1,578,000,000

Legal proceedings contingent liability | Canadian Securities Class Actions

Disclosure of contingencies

Estimated financial effect of contingent liabilities

0

Legal proceedings contingent liability | Pascua Lama SMA Regulatory Sanctions

Disclosure of contingencies

Number of proceedings consolidated | claim

2

Number of claims pursued | charge

5

Number of claims dismissed | charge

4

Estimated financial effect of contingent liabilities

0

$ 16,000,000

Impairment (reversals) charges

$ 429,000,000

Legal proceedings contingent liability | San Juan Provincial Regulatory Proceedings [Member]

Disclosure of contingencies

Administrative fine paid

$ 5,600,000

$ 10,000,000

Legal proceedings contingent liability | Provincial Criminal Proceedings [Member]

Disclosure of contingencies

Number of defendants with confirmed indictment | defendant

8

Legal proceedings contingent liability | Federal Criminal Matters [Member]

Disclosure of contingencies

Number of defendants with confirmed indictment | defendant

3

Legal proceedings contingent liability | Argentina's Glacier Investigation [Member]

Disclosure of contingencies

Number of proceedings consolidated | numberOfInvestigations

2

Number of defendants with confirmed indictment | individual

6

Number of defendants whose charges were dropped | individual

1

Legal proceedings contingent liability | Veladero Tax Assessment and Criminal Charges [Member]

Disclosure of contingencies

Tax claims related to foreign operations

$ 6,500,000

Legal proceedings contingent liability | Perilla Complaint

Disclosure of contingencies

Estimated financial effect of contingent liabilities

0

Number of named claimants | individual

2

Number of unnamed claimants | individual

200,000

Legal proceedings contingent liability | Writ of Kalikasan

Disclosure of contingencies

Estimated financial effect of contingent liabilities

0

Number of service days to return Writ

10 days

Number of affidavits | numberOfAffidavits

2

Numbers of days to submit affidavits

15 days

Number of witnesses | individual

1

Legal proceedings contingent liability | Canada | Canadian Securities Class Actions

Disclosure of contingencies

Number of claims filed | claim

8

Number of claims pursued | claim

0

Number of claims not pursued | claim

5

Number of claims not served | claim

1

Number of claims dismissed | claim

1

Number of claims discontinued | claim

2

Number of claims stayed | claim

1

Legal proceedings contingent liability | ONTARIO | Canadian Securities Class Actions

Disclosure of contingencies

Number of claims filed | claim

4

Number of proceedings consolidated | claim

2

Number of proceedings remaining | claim

1

Damages sought

$ 3,000,000,000

Number of claims remaining | claim

1

Number of days appeal was heard

2 days

Legal proceedings contingent liability | ALBERTA | Canadian Securities Class Actions

Disclosure of contingencies

Number of claims filed | claim

2

Legal proceedings contingent liability | SASKATCHEWAN | Canadian Securities Class Actions

Disclosure of contingencies

Number of claims filed | claim

1

Legal proceedings contingent liability | QUEBEC | Canadian Securities Class Actions

Disclosure of contingencies

Number of claims filed | claim

1

Tax contingent liability [member]

Disclosure of contingencies

Estimated financial effect of contingent liabilities

257,000,000

266,000,000

$ 327,000,000

Tax contingent liability [member] | Porgera Tax Audit [Member]

Disclosure of contingencies

Proposed adjustment to Porgera tax liabilities

$ 485,000,000

$ 131,000,000

Tax contingent liability [member] | Tanzania Concentrate Export Ban and Related Disputes [Member]

Disclosure of contingencies

Economic benefit shared with government

50.00%

Estimate of possible loss for alleged unpaid taxes, interest and penalties

$ 3,000,000,000

$ 190,000,000,000

Royalty tax rate

4.00%

6.00%

Clearing fee on minerals exported

1.00%

Proportion of ownership interests held by non-controlling interests

16.00%

Payment to resolve outstanding tax claims

$ 100,000,000

300,000,000

Number of installment payments | Payment

5

Subsequent payments to resolve outstanding tax claims

$ 40,000,000

Tax contingent liability [member] | Tanzanian Revenue Authority Assessment related to withholding tax [Member]

Disclosure of contingencies

Estimate of possible loss for alleged unpaid taxes, interest and penalties

$ 41,300,000

Tax contingent liability [member] | Tanzanian Revenue Authority Assessment related to resident allegation [Member]

Disclosure of contingencies

Estimate of possible loss for alleged unpaid taxes, interest and penalties

$ 500,700,000

Tax contingent liability [member] | Massawa Senegalese Tax Dispute [Member]

Disclosure of contingencies

Estimated financial effect of contingent liabilities

0

Initial proposed adjustments to Massawa tax liabilities

228,000,000

Adjusted proposed adjustments to Massawa tax liabilities

216,000,000

Commencement of major litigation | Pascua Lama SMA Regulatory Sanctions

Disclosure of contingencies

Estimated financial effect of contingent liabilities

$ 11,500,000

Contingent liabilities related to joint ventures [member] | Zaldivar Chilean Internal Revenue Service [Member]

Disclosure of contingencies

Estimated financial effect of contingent liabilities

0

Estimate of possible loss for alleged unpaid taxes, interest and penalties

$ 678,000,000

$ 1,000,000,000

Contingent liabilities related to joint ventures [member] | Kibali Customs Dispute [Member]

Disclosure of contingencies

Estimated financial effect of contingent liabilities

$ 0

Total claim including substantial penalties and interest

$ 339,000,000

Tanzanian Mines [Member]

Disclosure of contingencies

Proportion of ownership interests held by non-controlling interests

16.00%

Tanzanian Mines [Member] | Tanzania Concentrate Export Ban and Related Disputes [Member]

Disclosure of contingencies

Economic benefit shared with government

50.00%

Proportion of ownership interests held by non-controlling interests

16.00%

Dividends paid, classified as financing activities

$ 250,000,000

Decrease through disbursements to non-controlling interests

$ 40,000,000

Tanzanian Mines [Member] | Individual assets or cash-generating units [member]

Disclosure of contingencies

Impairment (reversals) charges

$ 5,000,000

$ (304,000,000)

Zaldivar [Member]

Disclosure of contingencies

Proportion of ownership interest in joint venture

50.00%

Zaldivar [Member] | Zaldivar Chilean Internal Revenue Service [Member]

Disclosure of contingencies

Percent of ownership by other parties in joint ventures

50.00%

Tethyan Copper Company Pty Limited

Disclosure of contingencies

Proportion of ownership interest in joint venture

50.00%

Percent of ownership by other parties in joint ventures

50.00%

Funds awarded for damages

$ 5,840,000,000

Compensation for denial of mining lease

4,087,000,000

Interest compounded on claims

$ 1,753,000,000

Adjustment to interest rate

1.00%

Percentage of the ICSID Award provided as LoC on date of decision

25.00%

Number of days after notification of decision of ICSID Award

30 days

Percentage of the ICSID Award provided as LoC 30 days after notification of decision

50.00%

Number of days to satisfy conditions of the ICSID Award

30 days

Estimated financial effect of contingent assets

$ 0

Porgera [Member]

Disclosure of contingencies

Proportion of ownership interest in joint venture

24.50%

47.50%

Number of years of extension of the special mining lease

20 years

Proportion of interest held by joint operations operator

95.00%

Percent of ownership by other parties in joint ventures

5.00%

Proposed proportion of interest to be held by government stakeholders

51.00%

Proposed proportion of interest to be held by joint operation operator

49.00%

Proportion of interest in joint operations operator

0.50

Economic benefit shared with government

53.00%

Entity's percent share in economic benefit

47.00%

Number of years at which the government will retain the option to acquire remaining equity participation

10 years