Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — FY2004 Earnings Presentation

12 slides from Barrick Mining's earnings presentation, Feb 17, 2005

1. Slide 1: Year-End Results Conference Call

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 1

2. Slide 2: Forward Looking Statement

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estimates of our future performa

3. Slide 3: Investor Update – 2004 Highlights

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Investor Update – 2004 Highlights ƒ 2004 earnings: $248 million ƒ 2004 earnings per share: 46¢ ƒ 2004 operating cash flow: $506 million ƒ 2004 operating cash flow per share: 95¢ ƒ Continued to opportunistically reduce our go

4. Slide 4: Investor Update – 2005 Highlights / Year in Review

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Investor Update – 2005 Highlights ƒ Three new mines delivering new production (Tulawaka, Lagunas Norte, Veladero) ƒ Expected to drive improvements in production, costs, cash flow and earnings ƒ Continued focus on four key di

5. Slide 5: Development Projects

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Investor Update – 2004 Highlights Development Projects ƒ Significant progress at mines in construction (Tulawaka, Lagunas Norte, Veladero, Cowal) ƒ Working to mitigate inflationary cost pressures ƒ Announced intent to procee

6. Slide 6: Development – Lagunas Norte, Peru / Veladero, Argentina

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Development – Lagunas Norte, Peru First Gold Pour Expected Q3, 2005 ƒ Development over 70% complete ƒ 85% of capital committed ƒ Production approximately 800,000 ounces at about $155/oz (first full 3 years) ƒ Legal Stability

7. Slide 7: Development – Cowal, Australia / East Archimedes, Nevada

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Development – Cowal, Australia First Gold Pour Expected Q1, 2006 ƒ Revised capex to $305 million (commodity and consumables, price increases, current tight construction labor market in Australia) ƒ Over 60% of capital commit

8. Slide 8: Development – Pascua-Lama, Argentina and Chile

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Development – Pascua-Lama, Argentina and Chile ƒ Decision to proceed in third quarter 2004 ƒ Environmental Impact Statement filed in Argentina and Chile in Q4, 2004 ƒ Approvals sought by late 2005 ƒ Allocated 6.5 Moz gold sa

9. Slide 9: Fourth Quarter Results

   BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Investor Update – 2004 in Review Fourth Quarter Results ƒ Q4 earnings: $156 million ƒ Q4 earnings per share: 29¢ ƒ Q4 operating cash flow: $120 million ƒ Q4 operating cash flow per share: 22¢ Investor Update – 2004 in Review

10. Slide 10: Investor Update – 2005 Outlook

    BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Investor Update – 2005 Outlook ƒ 2005E production: 5.4 - 5.5 million ounces ƒ 2005E total cash costs: $220 - 230 per ounce ƒ 10% increase in production over 2004 ƒ Second half improvements in production, cash costs, operatin

11. Slide 11: Outlook / The Case for Barrick

    BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 Investor Update – 2005 Outlook Exploration budget: $120 million Goldstrike Nevada ƒ $80 million for greenfields and district ƒ $40 million for around minesites Alto Chicama Lake Victoria Tanzania Peru Frontera Argentina and

12. Slide 12: Year-End Results Conference Call

    BARRICK GOLD CORPORATION Year-End Results Conference Call February 17, 2004 12

Barrick Gold — FY2004 Earnings Presentation on 6ix