Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Credit Suisse Canadian Precious Metals Conference 2013

13 slides from Barrick Mining's conference presentation, Jun 5, 2013

  1. Slide 1: Credit Suisse Canadian Precious Metals Conference

    Credit Suisse Canadian Precious Metals Conference June 5, 2013 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating perform

  2. Slide 2: Gold Industry Leader; Equity / Gold Price Disconnect

    Gold Industry Leader  World’s largest gold producer p  Exceptional assets  Lowest cost senior  Strong financial and operating performance  Disciplined capital allocation  Profitable, high quality production 3 Equity / Gold Price Disconnect Gold Equity Index (XAU) as % of Gold Price 200% 175% 1

  3. Slide 3: Cost Inflation – Declining Grades; Rising Industry AISC

    Cost Inflation – Declining Grades US$ per ounce g/mt $1,750 2.1 Gold Price $1,500 2.0 480% $1,250 1.9 $1,000 1.8 $750 17 1.7 22% $500 1.6 Weighted Avg. Head Grade $250 1.5 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 Source: Metals Economics Group 5 Rising Industry “All-In Sustaining” Cost

  4. Slide 4: Disciplined Capital Allocation Framework; Q1 2013 Earnings and Cash Flow

    Disciplined Capital Allocation Framework Focused on maximizing two key metrics: j 1. risk-adjusted returns 2. free cash flow  Positions Barrick to increase shareholder returns and reduce debt over time Returns will drive production; production will not drive returns 7 Q1 2013 Strong Earnings and Ca

  5. Slide 5: Q1 2013 Production – ~70% Americas; Materials Price Index

    Q1 2013 Production – ~70% Americas Gold Production Regional Production Moz Percent 1.88 1.80 North America 1.50 48% 1.00 Africa 6% South America Australia 0.50 21% Pacific 25% 0 12 13 9 Materials Price Index 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 Q1 2002 2003 2004 2005 2006

  6. Slide 6: Financial Flexibility; Modest Near-Term Debt Maturities

    Financial Flexibility  Generating robust earnings and cash flow g  High-quality asset portfolio  Substantial cost reductions  Willingness to make tough decisions  Strong liquidity 11 Modest Near-Term Debt Maturities Scheduled Debt Repayments(1) US$ billions 7.0 6.0 5.0 4.0 3.0 2.0 1.0 0 2013 20

  7. Slide 7: A Framework for Producing Returns; Large Low-Cost Mines in the Americas

    A Framework for Producing Returns  Large, low cost mines in favorable, prospective mining jurisdictions  Recalibrated long term production target  Optimizing portfolio  Reducing all-in sustaining costs  Other expense and capital reductions  Cost reductions total $500 million  No major project

  8. Slide 8: Cortez – Largest Producer, Substantial Upside; 2013 Exploration Focused on Goldrush

    Cortez – Largest Producer, Substantial Upside  Q1 2013 production – 343,000 ounces – AISC of $411/oz(1)  Total 2012 production – 1.4M ounces – AISC of $543/oz(1)  Continued exploration success – 15M ounces of reserves(2) (1) See final slide #1 (2) See final slide #2 15 2013 Exploration Focused on

  9. Slide 9: Goldstrike – Second Largest Producer; Veladero – Consistent Outperformance

    Goldstrike – Second Largest Producer  Q1 2013 production – 230,000 ounces – AISC of $817/oz(1)  Total 2012 production – 1.2M ounces – AISC of $670/oz(1)  39M ounces produced to date  12M ounces of reserves(2) (1) See final slide #1 (2) See final slide #2 17 Veladero – Consistent Outperformance 

  10. Slide 10: Lagunas Norte – Consistent Outperformance; Pueblo Viejo – Ramp-Up on Schedule

    Lagunas Norte – Consistent Outperformance  Q1 2013 production – 145,000 ounces – AISC off $380/ $380/oz(1)  Total 2012 production – 754,000 ounces – AISC of $367/oz(1)  Outperformed production estimates each year since 2005 start-up – 50% more production than expected (1) See final slide #1 19 Pu

  11. Slide 11: Pascua-Lama – evaluating SMA resolution; Argentina process plant

    Pascua-Lama – evaluating SMA resolution  Fully committed to meeting all aspects of the resolution  Working to define and clarify the requirements for a plan to complete the water management system  No definitive timeframe until plan is approved – first gold now expected post 2014 – working to min

  12. Slide 12: 2013 Outlook – Cost Reductions; Substantial Free Cash Flow Growth Potential

    2013 Outlook – Cost Reductions Revised Original/ guidance reaffirmed Gold production (Moz) (M ) 7.0-7.4 7 0 74 AISC ($/oz) (1) 950-1,050 1,000-1,100 Total cash costs ($/oz)(1) 610-660 Copper production (Mlbs) 480-540 C1 cash costs ($/lb)(1) 2.10-2.30 C3 fully allocated costs ($/lb)(1) 2.60-2.85 Tota

  13. Slide 13: 2013 Priorities; Footnotes

    2013 Priorities Meet Ramp up Pascua-Lama Improve p production Pueblo Viejo Clarify performance and cost to full regulatory at Lumwana guidance capacity matters Actively Identify ways Strengthen Advance pursue to further Corporate Goldrush in opportunities reduce Responsibility Nevada to optimize com

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