Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Shareholder Meeting (May 2008)

21 slides from Barrick Mining's shareholder meeting presentation, May 6, 2008

  1. Slide 1: Cautionary Statement on Forward-Looking Information

    Barrick Gold Corporation Annual Meeting - May 6, 2008 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation and related material, including any information as to our future financial or operating performance and other stat

  2. Slide 2: Barrick in 2007

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Barrick in 2007 ƒ Met operating guidance – 8.06 Moz of gold production at $345/oz (1) – 402 Mlbs of copper production at $0.83/lb (1) ƒ Grew reserves and resources ƒ Net income of $1.12 billion ($1.29/share) ƒ Adjusted net income of $1.73 billion

  3. Slide 3: A New Paradigm for Gold

    Barrick Gold Corporation Annual Meeting - May 6, 2008 A New Paradigm for Gold Indexed January 1, 2003 to May 1, 2008 200% 175% 150% +151% US $ 125% 100% 75% 50% 25% 0% -25% 2003 2004 2005 2006 2007 2008 Source: Bloomberg A New Paradigm for Gold ƒ Re-emergence of global inflation ƒ Monetary reflation

  4. Slide 4: Growth in Emerging Markets

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Growth in Emerging Markets % of Total Consumer Gold Demand* GDP Increase Source: GFMS Source: The Economist 30% 27 11.2 12% 25% 10% 8.4 7.7 20% 8% 15% 13 6% 10% 9 3.4 3.5 4% 5 5% 3 2% 0% 0% India China Turkey S. Arabia Russia * Jewelry and net re

  5. Slide 5: Mine Supply Declining; Positioned for Rising Prices

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Mine Supply Declining Mozs 90 80 70 46% Rest of World 60 65% 50 40 54% 30 20 S. Africa, USA, Australia, Canada 35% 10 0 95 97 99 01 03 05 07 Source: GFMS Positioned for Rising Prices ƒ Placer Dome acquisition – strength, breadth, scale – quality

  6. Slide 6: 2007 Production 8.06 Moz

    Barrick Gold Corporation Annual Meeting - May 6, 2008 North America 3,201 Other 52 2007 South America 2,079 Africa 605 Australia Production Pacific 2,123 8.06 Moz Mine Project Goldstrike Goldstrike Nevada 6

  7. Slide 7: Cortez and Lagunas Norte

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Cortez Nevada Cortez Lagunas Norte Peru Lagunas Norte 7

  8. Slide 8: Veladero and Zaldívar

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Veladero Argentina Veladero Zaldívar Chile Zaldívar 8

  9. Slide 9: Porgera and Focused Exploration

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Porgera Papua New Guinea Porgera Donlin Creek Focused Exploration Hemlo Goldstrike & Cortez $179 Reko Diq Pueblo Viejo million Porgera Cerro Casale Pascua-Lama Golden Mile 9

  10. Slide 10: Record of Replacing P&P Reserves; Growing Resources

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Record of replacing 123.1 124.6 P&P Reserves (1) millions of ounces of gold 86.9 85.9 89.1 88.6 79.3 82.3 2000 2001 2002 2003 2004 2005 2006 2007 (1) Refer to final slide point #3 Growing Growing M&I Resources Inferred Resources millions of ounce

  11. Slide 11: 2007 Reserves and Resources; Project Pipeline

    Barrick Gold Corporation Annual Meeting - May 6, 2008 2007 Reserves and Resources 125 15 1,034 P&P Reserves Gold Copper Inferred P&P Silver M oz M oz B lbs Resources Reserves Contained in gold reserves 51 6 M&I Resources P&P 5 32 Reserves M&I Resources Inferred Resources 87 56 M&I Inferred Resources

  12. Slide 12: Gold Projects Most Advanced and In Feasibility

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Gold Projects Most Advanced Cortez Hills Pueblo Viejo Buzwagi Donlin Creek Gold Projects In Feasibility Reko Diq Cerro Casale Pascua-Lama 12

  13. Slide 13: Non-Gold Projects; Responsible Mining

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Fedorova Non-Gold Projects Kabanga Sedibelo Responsible Mining Local / Regional Goods and Services 2007 Economic Contribution $4.1 $6.6 Billion $1.0 Wages and Benefits $1.5 Royalties, Taxes and Voluntary Payments ƒ Added to Dow Jones Sustainabili

  14. Slide 14: Focus on Education

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Responsible Mining 2007 Economic Contribution Developing Regions ƒ Adult literacy programs and new schools in PNG Focus on ƒ Teacher training in Peru ƒ Indigenous youth scholarships in Australia Education ƒ Partnership with CARE in Tanzania 14

  15. Slide 15: Focus on Health

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Focus on Health ƒ Improving access to care and services ƒ Partnership with AMREF: HIV/AIDS and malaria AMREF/Colin O’Connor Focus on Health ƒ Combating malnutrition ƒ Partnership with World Vision ƒ Helping mothers and community leaders 15

  16. Slide 16: Protecting the Environment

    Barrick Gold Corporation Annual Meeting - May 6, 2008 ƒ Water Conservation Standard at all operations by 2009 Protecting the ƒ Cyanide Safety International Cyanide Environment Management Code Renewable Energy Protecting the ƒ Hydro- electric power Environment ƒ Wind ƒ Solar 16

  17. Slide 17: Barrick 2007 Results

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Barrick 2007 Results Barrick Net Income EBITDA (2) 2007 Results US$ billions US$ billions ƒ 8.06 Moz of gold 2.43 2.31 at $345/oz (1) 1.51 ƒ 402 Mlbs of copper at $0.83/lb (1) 1.12 06 07 06 07 (1) Refer to final slide point #1 (2) Refer to final

  18. Slide 18: Barrick 2007 Results: Adjusted Earnings and Cash Costs

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Barrick ADJUSTED Net Income (2) ADJUSTED EBITDA (2) 2007 Results US$ billions US$ billions 3.06 2.68 +14% ƒ 8.06 Moz of gold at $345/oz (1) 1.73 1.56 +11% ƒ 402 Mlbs of copper at $0.83/lb (1) 06 07 06 07 (1) Refer to final slide point #1 (2) Refe

  19. Slide 19: Barrick in Q1 2008

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Global Industry Cash Costs 1000 Q1 Barrick Realized Gold Price ($925) US dollars per ounce 800 Q1 08 Q1 08 Barrick Barrick Margin Margin 600 $682 $532 with copper 400 credit 200 0 Source: GFMS 0% 20% 40% 60% 80% 100% Cumulative Production (%) Bar

  20. Slide 20: Barrick's Superior Returns

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Asset Mix Performance – to Dec. 31, 2007 % total return 1 year 3 years 5 years DXY (US$ index) -8.3 -5.1 -24.7 3 month T-Bill 5.0 13.5 16.3 S&P 500 5.5 28.2 82.9 Gold 31.0 90.2 139.6 Barrick’s ABX (US) 37.0 78.0 185.7 Superior Source: Bloomberg R

  21. Slide 21: Footnotes

    Barrick Gold Corporation Annual Meeting - May 6, 2008 Footnotes 1. Total cash costs is defined as cost of sales divided by ounces of gold sold or pounds of copper sold. Total cash costs exclude amortization expense and inventory purchase accounting adjustments. For further information on this operat

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