Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Morgan Stanley Mining, Paper and Packaging Conference 2003

14 slides from Barrick Mining's conference presentation, Mar 10, 2003

  1. Slide 1: Barrick Gold Corporation – Morgan Stanley Conference, March 2003

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 MORGAN STANLEY CONFERENCE – NEW YORK FORWARD LOOKING STATEMENT Certain statements included herein regarding realized gold prices, gold lease rates and contango constitute "forward looking statements" within

  2. Slide 2: 2002 Operating Results and 2003 Operating Forecast

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 2002 OPERATING RESULTS § Strong fourth quarter § Production: 5.7moz. § Cash costs: $177/oz. MORGAN STANLEY CONFERENCE – NEW YORK 2003 OPERATING FORECAST § Production: 5.4 – 5.5moz. – Closure of 5 mines in 2

  3. Slide 3: Total Production and 2002 Reserve Growth

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 TOTAL PRODUCTION CORE OPERATIONS 2001 2002 2003 MORGAN STANLEY CONFERENCE – NEW YORK 2002 RESERVE GROWTH Alto Chicama Veladero 10.9M oz Australia Other Goldstrike MORGAN STANLEY CONFERENCE – NEW YORK 3

  4. Slide 4: Fourth-Quarter 2002 Results

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 2002 RESERVE GROWTH 86.9 82.3 79.3 2001 2002 2003 MORGAN STANLEY CONFERENCE – NEW YORK FOURTH-QUARTER 2002 RESULTS § Earnings after adjustments $54 M § Operating cash flow $195 M MORGAN STANLEY CONFERENCE –

  5. Slide 5: Fourth-Quarter 2002 Results

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 FOURTH-QUARTER 2002 RESULTS LOWER HIGHER CASH SPOT COSTS PRICES MORGAN STANLEY CONFERENCE – NEW YORK 2002 RESULTS § Earnings after adjustments $193M § Operating cash flow $589 M MORGAN STANLEY CONFERENCE –

  6. Slide 6: 2002 Results

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 2002 RESULTS § Earnings after adjustments $193M § Operating cash flow § Free cash flow $361 M MORGAN STANLEY CONFERENCE – NEW YORK U.S. GAAP ACCOUNTING § Exploration success pushes earnings down EARNINGS EA

  7. Slide 7: Forward Sales Program

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 FORWARD SALES PROGRAM SMALLER SIMPLER MORGAN STANLEY CONFERENCE – NEW YORK FORWARD SALES PROGRAM unhedged 82% 18% hedged MORGAN STANLEY CONFERENCE – NEW YORK 7

  8. Slide 8: Forward Sales Program

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 FORWARD SALES PROGRAM ROLL FORWARD OPTION MORGAN STANLEY CONFERENCE – NEW YORK FORWARD SALES PROGRAM FO OPT CURRENT RO AR N RW IO PRODUCTION LL D $360 MORGAN STANLEY CONFERENCE – NEW YORK 8

  9. Slide 9: Higher Gold Prices

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 HIGHER GOLD PRICES § Supply / demand § Soft U.S. dollar § Equities down § Potential reflation § Commodity prices up MORGAN STANLEY CONFERENCE – NEW YORK REDUCED NEW MINE GOLD PRICES DISCOVERIES MORGAN STANL

  10. Slide 10: Barrick Exploration Program

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 BARRICK EXPLORATION PROGRAM 2002: $104 million 2003: $100 million MORGAN STANLEY CONFERENCE – NEW YORK BULYANHULU MORGAN STANLEY CONFERENCE – NEW YORK 10

  11. Slide 11: Reserve Base

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 TANAMI NORTH CHILE PATAGONIA MORGAN STANLEY CONFERENCE – NEW YORK 6.5 moz. ALTO CHICAMA reserve MORGAN STANLEY CONFERENCE – NEW YORK 11

  12. Slide 12: Development Pipeline Economics

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 Pascua-Lama DEVELOPMENT PIPELINE 800 @ (thousands of ounces @ cost per ounce) $85 Alto Chicama Veladero 500 530 @ @ $130 $155 Cowal 270 @ $170 2005 2005 2006 2008 MORGAN STANLEY CONFERENCE – NEW YORK DEVELO

  13. Slide 13: Development Pipeline

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 DEVELOPMENT PIPELINE § Cowal Project, Australia - Acquired with EIS in place § Veladero Project, Argentina - Exploitation agreement signed - Road construction mobilized § Alto Chicama Project, Peru - Workin

  14. Slide 14: Barrick Gold Corporation

    Barrick Gold Corporation Morgan Stanley – Mining, Paper and Packaging Conference – March 2003 BARRICK GOLD CORPORATION § Long-life, low cost mines § Development plan of new mines § Growing reserve base § Strong balance sheet § Build trust MORGAN STANLEY CONFERENCE – NEW YORK 14

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