Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — BMO Nesbitt Burns 2004 Global Resources Conference

11 slides from Barrick Mining's conference presentation, Mar 2, 2004

1. Slide 1: Building Mines, Building Value

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Building Mines, Building Value FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express manage

2. Slide 2: Gold Price Performance

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Gold Price Performance 125 425 Sustainable gold rally” 118 400 111 375 104 350 97 325 90 300 83 275 2002 2003 2004 Silver Price Performance US$ per ounce 6.50 6.00 5.50 5.00 4.50 4.00 2002 2003 2004 2

3. Slide 3: Corporate Mission

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Corporate Mission VISION ƒ To be the global industry leader STRATEGY ƒ Exploit our size, international experience and financial strength to replace/increase our reserves and production profitably EXEC

4. Slide 4: Geopolitical Diversity

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 NORTH AMERICA Eskay Creek Geopolitical Hemlo Holt-McDermott Diversity Meikle Betze-Post 2004E 2003 Round Mt. PRODUCTION RESERVES 28% 60% 44% 15% SOUTH AMERICA EAST AFRICA 13% 20% 13% 7% Tulawaka Bulya

5. Slide 5: Execution – Development Projects

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Execution – Development Projects Veladero Assay Lab Veladero, Argentina POTENTIAL ƒ Gold reserves: 11.1 M oz ƒ Production E: 525 – 550,000/oz ƒ Average cash cost E: $155 – 165/oz (subject to exchange

6. Slide 6: Execution – Development Projects

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Execution – Development Projects Alto Chicama Alto Chicama, Peru POTENTIAL ƒ Gold reserves: 7.2 M oz ƒ Production E: 535 – 560,000 /oz ƒ Average cash cost E: $135 – 145/oz PLAN ƒ Open pit - crushing/l

7. Slide 7: Execution – Development Projects

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Execution – Development Projects Cowal Road Building Cowal, Australia POTENTIAL ƒ Gold reserves: 2.5 M oz ƒ Production E: 220 – 230,000 /oz ƒ Average cash cost E: $230 – 245/oz PLAN ƒ Open pit - CIL ƒ

8. Slide 8: Reserve Replacement

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Reserve Replacement RESERVE GROWTH THROUGH ACQUISITION AND EXPLORATION proven and probable – millions of ounces Exploration 86 76 20 Acquisitions 4 1990 52 46 Divestitures 2003 Total Mined ƒ Overall f

9. Slide 9: Robust and Balanced Pipeline

   BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Robust and Balanced Pipeline STAGE BUDGET Dee, Rossi, Reserve Development Goldstrike 26% + 3 other projects Goldstrike S. Pit, Advanced Drilling Ruby Hill, Ren 19% +4 other projects La Paloma, Mount G

10. Slide 10: Resources to Execute Strategy

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 Resources to Execute Strategy FINANCIAL ƒ “A” rated balance sheet – $1 B in cash – no net debt ƒ Capable of self-financing our development program without equity dilution Hedging – Policy Change ƒ Ado

11. Slide 11: What’s Next – Target Production 2004 - 2007

    BARRICK GOLD CORPORATION BMO Nesbitt Burns – 2004 Global Resources Conference Tampa – March 2, 2004 What’s Next – Target Production 2004 - 2007 millions of ounces 6.8-7.0 6.4-6.6 4.9-5.0 5.3-5.5 1.8-1.9 2.5 South America 40% GROWTH 1.0-1.1 0.6 EXPECTED CASH 1.3-1.4 1.4 1.6-1.7 Australia/ COSTS UNDER

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