Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Investor Presentation (March 2015)

15 slides from Barrick Mining's investor presentation, Mar 30, 2015

  1. Slide 1: Corporate Presentation March / April 2015

    Corporate Presentation March / April 2015 1

  2. Slide 2: Cautionary Statement on Forward-Looking Information

    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-looking statements”. All statements, o

  3. Slide 3: Barrick's Investment Proposition

    Barrick’s Investment Proposition  5 core mines in the Americas to contribute 60% of production at Best Assets AISC of $725-$775/oz for 2015 and Regions  85% of exploration focused in the Americas Highest Quality  $860-$895/oz AISC for 2015; lowest cost senior Portfolio  6.2–6.6 Moz of production

  4. Slide 4: 2014 - Operating Highlights

    2014 ─ Operating Highlights Focus on  Beat 2014 cost guidance with AISC of $864/oz1 Free Cash Flow  2014 capex at low end of guidance and Returns  Operational Excellence ─ best safety year; named Dow Jones Sustainability Index Mining Leader  Extended credit facility to January 2020 Restoring  C

  5. Slide 5: Low Cost Profile - Barrick's 2014 Results

    Low Cost Profile ─ Barrick’s 2014 Results 2014 1,100 Newmont 1,000 Kinross AISC ($/oz) Goldcorp Newcrest 900 TOTAL lowest cost ounces 800 $716/oz1 lowest cost senior $864/oz1 5 CORE 700 2 3 MINES 4 5 6 7 Production (Moz) 1. See final slide #1 5

  6. Slide 6: Superior Reserves

    Superior Reserves 2014 110 90 93Moz1 Reserves (Moz) Newmont Newcrest 70 Goldcorp 50 Kinross 30 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 1.5 Grade (g/t) 6

  7. Slide 7: Superior Reserve Grade

    Superior Reserve Grade Grams per tonne1 The average reserve grade of Barrick’s core mines 2.01 BARRICK is more than double the peer average 5 CORE MINES 1.37 BARRICK TOTAL 1.04 0.95 0.9 g/t PEER AVERAGE 0.72 0.66 NEWMONT GOLDCORP KINROSS NEWCREST 1. See final slide #4 7

  8. Slide 8: 2015 - Sustaining Improvement Momentum

    2015 ─ Sustaining Improvement Momentum Continued Focus  $30M est. G&A savings for 2015 and $70M target for 20161 on Free Cash Flow  Expect further significant reductions in capital spend and Returns  $860 – $895/oz2 AISC for 2015 Restoring  Intend to reduce debt by at least $3B in 2015 a Strong

  9. Slide 9: Strong Liquidity

    Strong Liquidity  Modest debt repayment with less than $1.0B due by 2017  $2.7B in cash1 and $4.0B undrawn credit facility Scheduled Debt Repayments to 20182 Cash Position 2.0 $2.7B 1.5 $0.9B 1.0 0.5 $4.0B 0 Undrawn Credit Facility 2015 2016 2017 2018 1. See final slide #3 2. As of Dec. 31, 2014 9

  10. Slide 10: Multiple Opportunities to Strengthen Balance Sheet

    Multiple Opportunities to Strengthen Balance Sheet Core gold mines Other gold mines Non-core Copper  Cortez  Bald Mountain  Zaldívar  Goldstrike  Cowal  Lumwana  Lagunas Norte  Golden Sunlight 4.0 Moz 2.3 Moz  Pueblo Viejo  Hemlo Acacia  Turquoise Ridge1  KCGM  Veladero  Porgera 2014 g

  11. Slide 11: Pascua-Lama Optimization Underway

    Pascua-Lama Optimization Underway Ramp-Down Completed  One of the world’s largest undeveloped gold resources  New management team focused on compliance, minimizing holding costs and optimizing project economics  Project will not be re-started until it meets investment hurdle rate and there is mor

  12. Slide 12: Best Assets and Regions

    Best Assets and Regions Pueblo Viejo Lagunas Norte Cortez Veladero Goldstrike 12

  13. Slide 13: Opportunities to extend mine life and improve returns in the Americas

    Opportunities to extend mine life and improve returns in the Americas Cortez  Lower Zone is mostly oxide and higher grade; limits yet to be defined  Potential to add to reserves below 3,800 ft1 Goldstrike  ~1 Moz of est. annual production in 2015-20172 at AISC of <$900/oz  Innovative, cyanide-fr

  14. Slide 14: Maximizing Free Cash Flow and Returns

    Maximizing Free Cash Flow and Returns Disciplined Growth from High Quality Portfolio Restoring a Strong Balance Sheet Partnership Culture with Lean, Decentralized Operating Model 14

  15. Slide 15: Footnotes

    Footnotes 1. All-in sustaining costs per ounce (“AISC”) is a non-GAAP financial performance measure with no standardized definition under IFRS. See pages 81-91 of Barrick’s Fourth Quarter 2014 Report. 2. 2015 guidance is based on gold, copper, and oil price assumptions of $1,250/oz, $2.50/lb, and $5

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