Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Shareholder Meeting (April 2011)

14 slides from Barrick Mining's shareholder meeting presentation, Apr 27, 2011

  1. Slide 1: Agenda

    Agenda  2010 and first quarter 2011 review  Operations and projects review  Proposed acquisition of Equinox Building Value in Everything We Do  Corporate social responsibility  Conclusion l i Barrick Gold Corporation Annual General Meeting 2011 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATIO

  2. Slide 2: Barrick's Strategy; 2010 Operating Results

    Barrick’s Strategy 2010 Operating Results Focus on adding value… Gold Production Total Cash Costs(1) Net Cash Costs(1) Moz US$/oz US$/oz  Meet operational and financial targets to maximize benefits of rising metal prices 7.77 464  Increase gold and copper reserves through exploration and selective

  3. Slide 3: Margin Expansion; Leverage to Gold

    ~$1,500 Margin Expansion Current Spot Price Barrick EPS & CFPS vs Gold 600% Leverage to Gold 1,228 1,228 Total Cash Margins(1) Net Cash Margins(1) 500% US$/oz 771 US$/oz 887 Returns (US$)  Barrick’s adjusted net Avg Realized Price(1) 985 Avg. Avg Realized Price(1) 985 Avg. ( = adjusted) 400% earnin

  4. Slide 4: First Quarter Financial Results

    First Quarter Financial Results Barrick’s Strategy Net Earnings Adjusted Operating Focus on adding value… US$M Net Earnings(1) Cash Flow  Meet operational and financial targets to maximize benefits of rising US$M US$M 1,435 3 metal prices +27%  Increase gold and copper reserves through exploration

  5. Slide 5: 2011 Exploration Program

    2011 Exploration $320-$340M Barrick’s Strategy North America Program(1) 43% Focus on adding value… +50%  Meet operational and financial targets to maximize benefits of rising metal prices  2011 exploration $210M  Increase gold and copper reserves through exploration and selective budget increased

  6. Slide 6: Cortez Hills Value Added; Pueblo Viejo

    Cortez Hills Value Added Pueblo Viejo 2006 2011  14.5 M oz of reserves(1) Dominican Republic  6.3 M oz of reserves(1)  60% interest  100% interest  Pipeline: declining,  2011E guidance of 1.30- higher cost mine 1.45 M oz at $235-$265/oz FUTURE VALUE CREATION OPPORTUNITIES  Cortez Hills Middle

  7. Slide 7: Pueblo Viejo Value Added; Pascua-Lama

    Pueblo Viejo Value Added Pascua-Lama 2006 2011 Chile / Argentina  13.4 M oz of reserves(1)  23.7 M oz of reserves(1)  Modest economics  Robust economics  Technical challenges,  Improved flow sheet, low recoveries increased recoveries – Au: 92%, Ag: 5%, Cu: 0% – Au: 92%, Ag: 87%, Cu: 79% FUTURE

  8. Slide 8: Next Generation; Pascua-Lama Value Added; Overview of Equinox

    Pascua-Lama Value Added Next Generation Gold Copper Barrick’s share of resources(1) Nickel M oz B lbs B lbs Cerro  Preparation for EIA submission underway 1994 2011 Casale  Project update to be provided with Q2 results 18.9 8.4 0.6  2.3 M oz of reserves(1)  17.8 M oz of reserves(1) Inferred Infe

  9. Slide 9: Investment Considerations; Enhanced Growth

    Barrick Gold Production Barrick + Equinox Copper Investment Considerations Enhanced (Moz) 9.0 9.0 Production (Mlbs) +ZALDIVAR SULFIDES +CERRO CASALE  Excellent copper fundamentals Growth 8.5 +LUMWANA EXPANSION +JABAL SAYID  Large resource with substantial upside in an Potential ~323 ~323 8.0 excel

  10. Slide 10: Strengthening Corporate Social Responsibility

    Strengthening Strengthening Corporate Social Responsibility Corporate Social Responsibility  First Canadian mining company to join the Voluntary Principles on Security & Human Rights  Developing a comprehensive human rights compliance li structure t t  CSR Advisory Board in development  Independ

  11. Slide 11: Porgera; Investing in Communities

    Porgera Investing in Communities Papua New Guinea  Immediate action resulting in terminations and arrests DOMINICAN REPUBLIC  Changes to security function TANZANIA PAPUA NEW GUINEA PERU  Increased support pp and services to women  Strengthened grievance mechanisms CHILE ARGENTINA  Developing tr

  12. Slide 12: Improving Health and Education Globally; Protecting the Environment

    Improving Health and Protecting the Environment Education Globally ARGENTINA Barrick Gold Corporation Annual General Meeting 2011 Protecting the Glaciers Environmental Clean Up In the Dominican Republic Doubled investment to PUEBLO $75M VIEJO PASCUA-LAMA

  13. Slide 13: Bullish on Gold; 2011E Outlook; Investment Case

    Bullish on Gold 2011E Outlook  Fiscal policies and sovereign debt concerns  Production: 7.6-8.0 Moz  Global monetary policies  Total Cash Costs: $450-$480/oz(1)  Net Cash Costs: $340-$380/oz(1)  Geopolitical uncertainty  Currency diversification 9 million ounce production target within five y

  14. Slide 14: Footnotes

    FOOTNOTES 1. Net cash costs per ounce, net cash margin per ounce, total cash costs per ounce, total cash margin per ounce, adjusted net earnings, adjusted cash flow, return on equity and average realized price are non-GAAP financial measures with no standardized meaning under US GAAP or IFRS, as app

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