Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Shareholder Meeting (May 2007)
29 slides from Barrick Mining's shareholder meeting presentation, May 2, 2007
Slide 1: Barrick Now: Positioning for Rising Prices
Barrick Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Gold $675/oz Positioning for Rising Prices 03 07 1
Slide 2: The Acquisition of Placer Dome
Donlin Creek Turquoise Ridge Golden Sunlight The Acquisition of Cortez / Cortez Hills Bald Mountain Placer Dome Pueblo Viejo North Mara Porgera Zaldivar Granny Smith Osborne Sedibelo Kanowna Henty Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 The Acquisition of 35 million o
Slide 3: The Acquisition of Placer Dome
The Acquisition of Placer Dome $10B Gross Cost Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 The Acquisition of Placer Dome $6.9B Net Cost 3
Slide 4: The Acquisition of Placer Dome
The Acquisition of Placer Dome $4.0B $6.9B Copper Net Cost Market Value Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 The Acquisition of 35Moz Reserves Placer Dome = $83/oz $4.0B Copper Market Value 4
Slide 5: Barrick Now
The Acquisition of 35Moz Reserves Placer Dome + $4.0B 24Moz Resources Copper Value = $49/oz Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Strong global portfolio of operating mines Largest reserve base Barrick Unrivalled project pipeline Solid track record of social r
Slide 6: Barrick Now
Barrick North America Now South America Africa Australia Pacific Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Goldstrike Now Barrick North America Now South America Africa Australia Pacific 6
Slide 7: Cortez Now / Lagunas Norte Now
Cortez Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Lagunas Norte Now 7
Slide 8: Veladero Now / Zaldívar Now
Veladero Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Zaldívar Now 8
Slide 9: Porgera Now / Cowal Now
Porgera Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Cowal Now 9
Slide 10: Barrick Now: Reserves and Resources
123 P&P Reserves Barrick millions of ounces of gold 89 Now 38 94 06 Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 123 964 Silver M oz Barrick Gold Copper Reserves Reserves M oz Contained B lbs in gold 6.0 6.6 reserves Now 35 Reserves Resources Resources 48 Resources 10
Slide 11: Corporate Social Responsibility
Founding Core Value Corporate Social Responsibility Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Founding Core Value Corporate Social Responsibility 11
Slide 12: Cuncashca Project, Peru
Cuncashca Project, Peru 2006 CME/CIDA Award of Excellence for CSR Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Bulyanhulu Clinic, Tanzania 12
Slide 13: Environmental Performance
Environmental Performance International Cyanide Management Institute approval Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Economic Contribution $2.5B $3.7 billion Local / Regional Goods & Services Royalties, Taxes & $275M Voluntary Payments $901M Wages & Benefits 13
Slide 14: Barrick Now
Ruby Hill Barrick Now Lagunas Norte Tulawaka Veladero Cowal Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 2004 2006 Undeveloped Reserves Production Contribution Barrick Lagunas Norte Veladero 26 1.8 Now Cowal million ounces at million total cash costs of Tulawaka ounces $152/
Slide 15: Project Pipeline
Ruby Hill Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 EXPLORATION FEASIBILITY PERMITTING CONSTRUCTION OPERATIONS Cortez Hills Pascua-Lama Pueblo Viejo Buzwagi Donlin Creek Fedorova Project Pipeline Sedibelo Kabanga Reko Diq Exploration 15
Slide 16: Unrivalled Pipeline
Donlin Creek Cortez Hills Unrivalled Pueblo Viejo Pipeline Buzwagi Pascua-Lama Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Donlin Creek Cortez Hills Now Cortez Hills Unrivalled Pueblo Viejo Pipeline Buzwagi Pascua-Lama 16
Slide 17: Pascua-Lama Now / Pueblo Viejo Now
Pascua-Lama Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Pueblo Viejo Now 17
Slide 18: Buzwagi Now / Donlin Creek Now
Buzwagi Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Donlin Creek Now 18
Slide 19: Barrick Now: Pipeline Reserves and Resources
Proven Measured Barrick & Probable Reserves & Indicated Resources Cortez Hills Gold Moz 36 12 Now Pascua-Lama Silver Moz 742 Buzwagi Pueblo Viejo Copper M lbs 900 Donlin Creek Zinc B lbs 1.5 Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Fedorova Unrivalled Reko Diq Pipeline K
Slide 20: Unrivalled Pipeline
Fedorova Fedorova Now Unrivalled Reko Diq Pipeline Kabanga Sedibelo Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Reko Diq Now 20
Slide 21: Sedibelo Now
BOTSWANA Sedibelo Now Gaborone SOUTH AFRICA Sedibelo Pretoria Johannesburg Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Sedibelo Now 21
Slide 22: Barrick Now: Kabanga Now
Kabanga Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Measured Barrick & Indicated Resources Inferred Resources Gold Moz 3.6 4.4 Now Reko Diq Copper B lbs 5.7 4.3 Sedibelo Platinum Moz 2.2 3.0 Fedorova Palladium Moz 1.9 2.6 Kabanga Nickel M lbs 254 1,121 22
Slide 23: Focused Exploration
Focused Exploration $170 million Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Gold industry’s only “A”-rated balance sheet Financial Supports long-term, sustainable growth Strength Minimizes cost of financing Maximizes leverage for shareholders Projects developed w
Slide 24: Barrick in 2006
Barrick in Met operating targets 4th year in a row Record earnings and cash flow Reduced hedge book by 9.4 million ounces 2006 Added 9.0 million ounces to reserves 40% improvement in safety record Advanced unrivalled project pipeline Barrick Gold Corporation 2007 Annual Shareholders Meet
Slide 25: Barrick in 2006
Realized Price Earnings Cash $2.48 Barrick in $1.77 Flow 84% 2006 $541 $1.35 136% $439 23% $0.75 05 06 05 06 05 06 Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 800 Gold Price ($675) 600 2006 Total Cash Costs 400 Barrick US$/oz Global Industry 200 Cash Costs - 0% 27% 44% 72%
Slide 26: Gold Copper Production
2007 Operating Targets Gold Copper millions of ounces Production 8.1 8.4 400 million pounds dollars per ounce Cash Costs $335 $350 90¢ per pound Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Total Cash Costs vs Realized Gold Prices 650 Expanding US dollars per ounce 541 439 3
Slide 27: Expanding Margins
Total Cash Costs vs Realized Gold Prices 675 Spot Est. Expanding US dollars per ounce 541 325 439 -340 Margins 339 366 392 259 Margin 386 73 177 212 335 162 177 313 282 -350 214 227 Total 177 189 Cash Cost 02 03 04 05 06 Q1 Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Pr
Slide 28: Barrick Now
Barrick is trading at historically low valuation multiples Barrick 50 40 Average Average Gold Gold Price Price $650 $600 Now 30 Price/EPS $550 20 $500 10 $450 Price/OCFPS 0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 $400 05 05 05 05 06 06 06 06 07 07 Barrick Gold Corporation 2007 Annual Shareholders Meeting Ma
Slide 29: Barrick is focused on increasing shareholder value
Barrick is focused on increasing shareholder value Now Barrick Gold Corporation 2007 Annual Shareholders Meeting May 2, 2007 Barrick Now 29