Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — BMO Capital Markets 2012 Global Metals and Mining Conference

18 slides from Barrick Mining's conference presentation, Feb 27, 2012

  1. Slide 1: Barrick Gold Corporation - BMO 2012 Global Metals and Mining Conference

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 BMO Capital Markets 2012 Global Metals and Mining Conference Hollywood, Florida – February 27, 2012 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, includ

  2. Slide 2: Global Footprint / Barrick is Well Positioned

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Global Footprint 2011 P&P Reserves(1) North America North America 42% 2012E Production Australia Africa 9% Pacific 11% North America South 46% America 38% Africa 7% Australia Pacific S th South Af i Africa 25% Am

  3. Slide 3: Bullish on Metal Prices / Barrick's Strategy

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Bullish on Metal Prices GOLD  Gold retains purchasing power while other currencies are being devalued: – monetary/fiscal reflation and sovereign debt concerns  Central banks have become net buyers  Growth in e

  4. Slide 4: 2011 Results / Margin Expansion

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 2011 Results Gold Gold Margin(1) Copper Copper Margin(1) Production Total Cash Cost Basis Production Total Cash Cost Basis Moz $US/oz Mlbs $US/lb 451 7.77 1 118 1,118 $2 31 $2.31 7.68 68 $2.07 368 819 2010 2011 2

  5. Slide 5: 2011 Record Financial Results / Leverage to Gold

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 2011 RECORD FINANCIAL RESULTS Net Adjusted EBITDA(1) Adjusted Op. Earnings Net Earnings(1) US$M 8,376 Cash Flow(1) US$M US$M US$M 6,521 28% 5,680 5,241 8% 4,484 4,666 3,582 25% 3,517 33% 2010 2011 2010 2011 2010

  6. Slide 6: ROE versus Peers / Dividend Growth

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 ROE versus Peers 2011 Return on 22  Barrick is capturing Shareholders’ Equity(1) Percent the benefit of margin expansion and strong 14 operating performance Senior Peer Average(2) Barrick(2) (1) See final slide

  7. Slide 7: 2012E Operating Outlook / Total Cash Costs

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 2012E Operating Outlook  Gold production 7.3-7.8 Moz  Total Cash Costs: $520-$560/oz(1)  Net Cash Costs: $400-$450/oz(1)  Coppe Copper production: p oduct o 550-600 Mlbs  Total cash costs: $1.90-$2.20/lb(1)

  8. Slide 8: History of Gold Reserve Growth / Exploration & Acquisition Focus

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 History of Gold Reserve Growth THROUGH ACQUISITION AND EXPLORATION Proven and Probable – millions of ounces of gold 140(1) 148  Spent $2.5B on exploration TOTAL EXP’N  Overall finding cost ~$17/oz 20 20 Moz 199

  9. Slide 9: History of Reserve/Resource Growth / Reserves and Resources

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 History of Reserve/Resource Growth 56 50 Reserve/resource ounces added post acquisition or discovery ounces millions 40 ACQUIRED ADDED 30 20 10 0 17 Reserves and Resources(1) Gold Moz Silver (Contained in gold Co

  10. Slide 10: 2012 Exploration Program / Turquoise Ridge Open Pit Evaluation

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 2012 Exploration Program(1) North America North America 45% Africa 5% Africa Australia Pacific Africa Copper 20% Copper 20% South 20% America South 10% America Australia Mine Project Pacific  2012 exploration bu

  11. Slide 11: Red Hill / Goldrush Discovery

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Red Hill / Goldrush Discovery  World-class mines and long Gold Acres discovery history  Red Hill/Goldrush Discovery CORTEZ PIPELINE  Potential for more discoveries C r e s c e n t Va l l e y Cortez Mountains C

  12. Slide 12: Lumwana – Chimiwungo Plan View / World Class Operations

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Lumwana – Chimiwungo Plan View Q4 2011 Drill Results & 2011 Reserves/Resources Selected Drill Schematic Section Results Roan Shoot Equinox Shoot 2011 Lumwana P&P Reserves(1) 4.9B lbs (+9%) M&I Resources(1) 20m @

  13. Slide 13: Pueblo Viejo In Construction

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Pueblo Viejo IN CONSTRUCTION  First production anticipated in mid-2012 – overall construction ~90% complete  625-675 625 675 Koz of expected average annual production to Barrick at total cash costs of $300-$350

  14. Slide 14: Pascua-Lama In Construction

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Pascua‐Lama IN CONSTRUCTION  Initial production expected in mid-2013  Expected gold production of 800-850 Koz/year at negative cash costs of $225-$275/oz $225 $275/oz(1) at $25/oz silver  Expected silver produ

  15. Slide 15: Jabal Sayid In Construction / Project Cash Flow Potential

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Jabal Sayid IN CONSTRUCTION  Initial production expected in H2 2012  Overall construction ~75% complete  Mine construction capital of ~$400 M – ~85% of capital committed  100-130 Mlbs of expected average annu

  16. Slide 16: Excellent Growth Potential / Next Generation Projects

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Excellent Growth Potential Gold Production Silver Production Copper Production (Moz) ~9.0 (Moz) ~50 (Mlbs) ~1,000 Zaldivar ldi Pascua Sulphides -Lama Lumwana Expansion Pueblo Jabal Sayid 7.7 Net Viejo Lumwana Dep

  17. Slide 17: Corporate Social Responsibility / Investment Case for Barrick

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Corporate Social Responsibility Strengthening CSR  First Canadian mining company to join the Voluntary Principles on Security & Human Rights  Implemented new Community Relations Management System in 2011  New

  18. Slide 18: Footnotes

    Barrick Gold Corporation BMO 2012 Global Metals and Mining Conference February 27, 2012 Footnotes 1. Adjusted net earnings, adjusted operating cash flow, return on equity, EBITDA, net cash costs per ounce, net cash margin per ounce, total cash costs per ounce/pound, total cash margin per ounce/pound

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