Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Investor Day (September 2011)

26 slides from Barrick Mining's investor day presentation, Sep 7, 2011

  1. Slide 1: Australia Pacific Regional Business Unit

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Australia Pacific Regional Business Unit Investor Day – September 7, 2011 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans

  2. Slide 2: Australia Pacific Overview of Assets

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Australia Pacific Gary Halverson, Regional President “Substantial free cash flow from gold and copper” 3 Australia Pacific OVERVIEW OF ASSETS Jabal Sayid PAPUA SAUDI ARABIA NEW GUINEA Porgera ƒ Nine operating mines ƒ One development project A

  3. Slide 3: Key Strengths and Business Strategy

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Australia Pacific KEY STRENGTHS 1.85 to 2 M oz ƒ ~25% of expected 2011 production Gold Platform ƒ Favourable regional setting Gold Price ƒ Established mines generating free cash flow with Leverage excellent leverage to higher gold prices Copp

  4. Slide 4: Environmental Stewardship and Community Development

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Environmental Stewardship ƒ Implementation of Barrick Bio- Diversity Standard ƒ Continued focus on partnerships to deliver effective environmental outcomes: – Lake Cowal Foundation (Australia) – The Nature Conservancy (Western Australia) – Po

  5. Slide 5: Production & Reserves

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Australia Pacific PRODUCTION & RESERVES 2011 E Gold ‐Production 1.85‐2.00 Moz 2010A Gold Cash Costs $610‐$635/oz (1) P&P Reserves 16,568 Koz (2) PORGERA ALL OTHER ALL PORGERA 0.525‐0.575 0.475‐0.500 OTHER 7,432 $560‐$585 1,792 $775‐$800 KANOW

  6. Slide 6: Asset Scale and Quality

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Aus Pacific ASSET SCALE and QUALITY A significant gold business in its own right as one of the largest gold producers in the region generating significant earnings and cash flow complemented by a large copper production profile with substanti

  7. Slide 7: Porgera Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Porgera OVERVIEW ƒ Region’s largest gold producer ƒ 2011E Production – 525–575 koz (95% basis) ƒ 2011E Cash Cost/oz - $560-$585 per oz(1) ƒ Significant reserves and resources(2) (95% basis): – Reserves: 7.4 Moz – M&I resources: 1.4 Moz – Infe

  8. Slide 8: Porgera Processing and Geology & Targets

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Porgera PROCESSING ƒ Processing – SAG / Ball Milling – Gravity & Flotation – Pressure Oxidation (POX) of Flotation Concentrate – Carbon-In-Leach (CIL) of POX product ƒ Mill capacity – ~17,700 (metric) tpd ƒ Average gold recoveries ~86% 15 Por

  9. Slide 9: Porgera – AHD & Tupegai, Tawisikale

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Porgera – AHD & Tupegai (1) LONG SECTION 1 2500mRL 2500mRL S 28L N Decline AHD Veins Porgera AHD Open Pit Intrusive Complex 2000mRL 2000mRL TUPEGAI Tupegai Intrusive Veins Complex Intrusions Black Sediments 1500mRL 1500mRL Min Lodes 250m U597

  10. Slide 10: Cowal Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cowal NEW SOUTH WALES 19 Cowal OVERVIEW ƒ Long life open pit operation ƒ 2011E Production – 265-290 koz ƒ 2011E Cash C h Cost C t - $515-$540 $515 $540 per oz(1) ƒ Operations: – awarded Barrick Large Mine Safety award for 2010 – operation and

  11. Slide 11: Cowal Mining and Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cowal MINING ƒ OP truck & shovel ƒ 2x994B, 1xEX3600, 14xCat 789C ƒ Ore 24kt/day (8.8Mt/yr) ƒ 2010 reserve grade of 0.035 oz/ton 21 Cowal PROCESSING ƒ Processing Method – SAG / Ball Milling – Gravity & Flotation – Carbon-In-Leach (CIL) ƒ Mill

  12. Slide 12: Cowal Adding Value / Kalgoorlie

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cowal ADDING VALUE Possible Mine Life Extension 23 Kalgoorlie WESTERN AUSTRALIA 24

  13. Slide 13: Kalgoorlie Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Kalgoorlie OVERVIEW ƒ One of the largest gold mines in Australia – 60 Moz produced from the ore body to date (100% basis) ƒ 2011E Production – 350-375 350 375 koz (50% basis) ƒ 2011E Cash Cost - $500-$525 per oz(1) ƒ Reserves and resources (1

  14. Slide 14: Kalgoorlie Processing and Adding Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Kalgoorlie PROCESSING ƒ Processing – SAG / Ball Milling – Gravity & Flotation – Roasting & UFG of Flotation Concentrate – Carbon-In-Leach (CIL) ƒ Mill capacity – 33,500 (metric) tpd ƒ Average gold recoveries ~83% 27 Kalgoorlie ADDING VALUE Go

  15. Slide 15: Kalgoorlie – Central Corridor

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Kalgoorlie ‐ Current Exploration Areas (1) 8 Mile Dam (1) See final slide #5 29 Kalgoorlie ‐ Central Corridor (1) Latest results: 71.38m @ 4.99g/t, including 54.38m @ 6.20g/t. Oblique section through Hidden Secret, looking northeast, showing

  16. Slide 16: Kalgoorlie – 8 Mile Dam

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Kalgoorlie ‐ 8 Mile Dam (1) 8 Mile Dam (1) See final slide #5 31 Granny Smith WESTERN AUSTRALIA 32

  17. Slide 17: Granny Smith Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Granny Smith OVERVIEW ƒ Mature mine with excess mill capacity – Reserves: 0.6 Moz (1) – M&I resources: 0.6 Moz (1) – Inferred resources: 1.2 Moz (1) ƒ 2011E Production – 160-175 Kozs ƒ 2011E Cash Costs - $630-$650 per ounce(2) ƒ Crescent Ore

  18. Slide 18: Granny Smith Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Granny Smith PROCESSING ƒ Processing – SAG / Ball Milling – Carbon-In-Leach Carbon In Leach (CIL) ƒ Mill capacity – 10,000 tpd ƒ Average gold recoveries ~91% 35 Granny Smith Underground Wallaby Deposit Zone 250 and 60 – 100% reserve Zone 70 –

  19. Slide 19: Granny Deeps Project

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Granny Deeps Project (5) (1) See final slide #2 37 Lumwana ZAMBIA 38

  20. Slide 20: Lumwana Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Lumwana OVERVIEW ƒ Large, long life mine with significant expansion potential ƒ Copper C reserves off 4.5 Blbs lb (1) and d 5.5 Blbs lb (1) off inferred resources ƒ June 1-Dec. 31 expected copper production of 155-175 Mlbs at total cash costs

  21. Slide 21: Lumwana Mining and Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Lumwana MINING ƒ Open Pit truck & shovel ƒ Hitachi Fleet - 1xEX2500, 6xEX5500, 32xEH4500 ƒ Ore 74kt/day (27Mt/yr) ƒ Cu 0.65% 41 Lumwana PROCESSING ƒ Processing Method – SAG / Ball Milling – Flotation – Shipment of Cu concentrate to Zambian Sm

  22. Slide 22: Lumwana Adding Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Lumwana ADDING VALUE 43 Growth ‐ Chimiwungo (1) ƒ Drilling has identified an additional ore chute to the East of Chimiwungo ƒ Resource is only constrained by drilling to the east & south ƒ Equinox was preparing a feasibility study for an expa

  23. Slide 23: Jabal Sayid In Construction

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Jabal Sayid SAUDI ARABIA 45 Jabal Sayid IN CONSTRUCTION ƒ First production expected in H2 2012 ƒ Expected capital costs of ~$400 M of which $275 M remains to be spent ƒ Expected average annual production of 100-130 Mlbs in first full 5 years

  24. Slide 24: Jabal Sayid Mining and Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Jabal Sayid MINING ƒ UG open stoping ƒ 7,000 tpd, 2.6Mt/yr ƒ Cu grade - 2.27% 47 Jabal Sayid PROCESSING ƒ Processing Method – SAG / Ball Milling – Flotation – Shipment of copper concentrate to off-site Smelters ƒ Mill capacity ~8,200 ((metric

  25. Slide 25: Jabal Sayid Expansions and Australia Pacific Summary

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Jabal Sayid + Possible Expansions (1) Existing Portal Lode 1 Upper copper sulphide zone Lode 2 Lode 4 (1) See final slide #5 49 Australia Pacific ƒ Solid base for the company ƒ Generating substantial free cash flow from both gold and copper a

  26. Slide 26: Footnotes

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Footnotes 1. Total cash costs per ounce, total cash margin per ounce, total cash costs per pound, copper cash margins per pound, EBITDA and average realized price per ounce/pound are non-GAAP financial measures . See pages 54-60 of Barrick’s

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