Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Q4 2008 Earnings Presentation

10 slides from Barrick Mining's earnings presentation, Feb 20, 2009

  1. Slide 1: Fourth Quarter 2008 Results Conference Call / Webcast

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Fourth Quarter 2008 Results Conference Call / Webcast February 20, 2009 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our s

  2. Slide 2: Fourth Quarter Results: 2008 Highlights

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Fourth Quarter Results Aaron Regent Peter Kinver Alex Davidson Jamie Sokalsky Patrick Garver President and C.E.O. Executive Vice President Executive Vice President Executive Vice President Executive Vice President

  3. Slide 3: 2008 Results and Fourth Quarter Results

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 2008 Results Record Cash Flow Net Income Adjusted Net US$ millions 2,206 US$ millions Income(1) 1,661 US$ millions +27% 1,732 +60% 1,119 1,036 785 -30% 2007 2008 2007 2008 2007 2008 (1) Refer to final slide point

  4. Slide 4: Financial Strength and Bullish on Gold

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Financial Strength ƒ Only ‘A’ rated balance sheet in the gold industry ƒ Cash balance of $1.4 billion ƒ $1.5 billion undrawn line of credit ƒ Net debt of $2.9 billion ƒ Debt to total capitalization of 0.22:1 Bulli

  5. Slide 5: Production Guidance and 2009 Guidance

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Production Guidance ounces millions 7.7-8.1 ƒ Expecting higher production and lower costs in 2010(1) 7.2-7.6 2009 2010 6.5 (1) Refer to final slide point #5 2009 Guidance ƒ Copper production: 375 - 400 Mlbs ƒ Copp

  6. Slide 6: Competitive Costs: Global Cash Costs

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Competitive Costs Global Cash Costs(1) 1200 1000 Assumed Spot Price (~$900) 800 $438 Barrick 2009 600 Margin US$/oz $450-$475 Barrick 2009 Total Cash Costs 400 200 0 0% 20% 40% 60% 80% 100% Source: GFMS – Gold Sur

  7. Slide 7: Competitive Costs and Q4 2008 Production

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Competitive Costs Global Cash Costs(1) 1200 1000 Assumed Spot Price (~$900) 800 $438 $528 Barrick Barrick 2009 600 2009 Margin US$/oz Margin 400 $360-$385 with full credit for non-gold sales(2) 200 0 0% 20% 40% 60

  8. Slide 8: Advanced Projects Update and Grew P&P Reserves

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Advanced Projects Update Cortez Hills (expect first gold - Q1 2010(1)) ƒ 1 Moz/year(2) at ~$350-$400/oz(2,3) ƒ In line with $500 M pre-production capital budget Pueblo Viejo (expect first gold – Q4 2011) ƒ +25 yea

  9. Slide 9: Grew M&I Resources and 2009 Exploration Budget

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Grew M&I Resources(1) ounces millions 65.0 ƒ M&I resources increased 14.4 net 29% addition 50.6 32.5 8.X addition ƒ Grew inferred resources by 2.8 Mozs depletion 18.1 depletion 2007 2008 (1) Refer to final slide p

  10. Slide 10: In Closing

    Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 In Closing ƒ Positive on the outlook for gold ƒ Exceptional leverage to the gold price – largest production and reserves ƒ Strong track record of reserve replacement ƒ Advanced projects on schedule – lower cost pr

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