Barrick Mining Corporation · TSX:ABX

Barrick Mining — Denver Gold Forum 2013

10 slides from Barrick Mining's conference presentation, September 2013

1. Slide 1: Denver Gold Forum September 2013 / Cautionary Statement

   Denver Gold Forum September 2013 1 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance constitutes "forward-look

2. Slide 2: Barrick at a Glance

   Barrick at a Glance 9 5 core long life mines in the Americas High quality to generate ~60% of production at AISCe of assett base b ~$700/oz in 2013(1) 9 High grade reserves Lowest cost 9 Reduced 2013 AISC guidance by $100/oz senior 9 75% of 2013 production at AISCe producer of <$800/oz 9 Focus on ri

3. Slide 3: Lowest Cost Senior Producer

   Lowest Cost Senior Producer 2013e All-In Sustaining Costs (US$/ounce) Industry Average(1) Senior Peers ƒ Reduced 2013 1,200-1,300 Weighted Avg(2) AISC guidance by 1,150-1,250 $100/oz Barrick ƒ Adopted World 900-975 Gold Council’s “all all-in in” cost measure (1) Average of sell-side estimates. See f

4. Slide 4: Five Core Mines

   Five Core Mines 2013e: 7.0-7.4 Moz of gold at AISCe of $900-$975/oz 1.50 Cortez (Nevada) 1.25 Production ((Moz) ~60% 60% 1.00 Goldstrike (Nevada) at AISCe of 0 75 0.75 Lagunas Norte ~$700/oz $ / 3 Forecast P (Peru) Pueblo Viejo 5 mines (Dom. Rep.) 0.50 Veladero 2013 (Argentina) 0.25 0 0 500 1,000 1,

5. Slide 5: Pascua-Lama

   Pascua-Lama ƒ Expected to generate significant cash flow ƒ Low operating costs – first quartile of industry cost curve ƒ Gold production of 800-850 Koz and 35 Moz of silver(1) ƒ One of the world’s largest gold and silver resources ƒ 25 year mine life ƒ Track record of increasing value at projects (1

6. Slide 6: Disciplined Capital Allocation Framework

   Disciplined Capital Allocation Framework ƒ Focuses on maximizing risk-adjusted rates of return and free cash flow ƒ Includes sharp focus on cost control ƒ Allowed us to react quickly in a lower gold price environment Returns will drive production; production will not drive returns 11 Barrick is Well

7. Slide 7: Improvements to 2013 Guidance

   Barrick is Well Positioned (US$/oz) Gold Price Decline 1,800 What We are Doing Now In a lower metal price environment 1,700 ƒ Cost control initiatives í$2B in budgeted g 2013 capital p 1,600 and cost reductions í New operating model 1 500 1,500 ƒ Maximizing cash flow at every mine (optimize first)

8. Slide 8: Plans to Maximize Cash Flow

   Plans to Maximize Cash Flow Decisions on mines with AISC > $1,000/oz ƒ Bald Mountain – mine plan changes to reduce the number of pits and focus on the most profitable ounces, while retaining the option to access other ore in the future ƒ Round Mountain (50%) and Marigold (33%) – working with JV part

9. Slide 9: Financial Flexibility

   Financial Flexibility ƒ Generated $2.0B in operating cash flow in H1 2013 ƒ $2.4B $2 4B cash and $4.0B $4 0B undrawn credit facility ƒ ~$2.0B of reductions to 2013 budgeted capex & costs ƒ Termed out $3 $3.0B 0B in debt at attractive rates 7.0 Scheduled Debt Repayments(1) 6.0 US$ billions 5.0 4.0 30

10. Slide 10: Key Priorities and Progress

    Key Priorities and Progress Priority Progress 9 Reduced 2013 budgeted capex and costs by ~$2B Focus on cost 9 Significantly improved 2013 AISC guidance reduction 9 Progressing overhead and operational review Deliver 9 Meet operating guidance operational 9 Progress ramp-up at Pueblo Viejo excellence

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