Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Denver Gold Forum 2012

13 slides from Barrick Mining's conference presentation, September 2012

  1. Slide 1: Denver Gold Forum

    Denver Gold Forum September 2012 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, project plans or future financial or operating performance, constitutes "forward-looki

  2. Slide 2: Gold Industry Leader

    Gold Industry Leader  World’s largest gold company  Exceptional gold and copper leverage  Lowest cost senior  Strong financial and dividend performance  Disciplined capital allocation  Profitable, high quality production  Committed to socially responsible mining 3 Global Portfolio 2011 P&P Re

  3. Slide 3: Industry Leading Production/Reserves

    Industry Leading Production/Reserves 2011 Gold Production(1) 2011 Gold Reserves(1,2) (Moz) (P&P - Moz) 7.7 139.9 ABX ABX 98.8 5.2 NEM NEM 4.3 80.0 77.6 75.6 AU NCM GFI 3.5 AU 64.7 62.6 GFI GG KGC 2.7 2.6 2.5 NCM KGC GG (1) Source: Company reports. (2) See final slide #5 5 Exceptional Leverage to Gol

  4. Slide 4: Lowest Cost Senior

    Lowest Cost Senior Global Gold Industry Total Cash Cost Curve(1) $2,000 $1,500 $1,000 Peer Group 2012E Average(2) ~$740 US$/oz $500 Barrick 2012E $550-$575(3) Pueblo Viejo $300 to $350(3) $0 Pascua-Lama $0 to -$150(3) ̶ $500 0% 25% 50% 75% 100% Cumulative Production (1) Source: GFMS (Q2 2012 data);

  5. Slide 5: Returning Capital

    Returning Capital Annualized Dividend(1) 80 US cents per share 60 48 40 40 30 22 2006 2007 2008 2009 2010 2011 2012 (1) Calculation based on annualizing the last dividend paid in the respective year (2) See final slide #6 9 2012 Operating Outlook Gold Production (Moz) 7.3-7.8 Total Cash Costs (US$/o

  6. Slide 6: Disciplined Capital Allocation

    Disciplined Capital Allocation Framework focused on two key metrics: 1. Free cash flow 2 Risk 2. i k adjusted dj d return  Economic environment and capital size considerations  Portfolio management approach Returns will drive production; production will not drive returns 11 Disciplined Capital All

  7. Slide 7: Profitable Production

    Profitable Production  Gold production of ~8 Moz by 2015  Copper production of ~600 Mlbs by 2015(1)  High-quality, profitable production from which to expand p further (1) 2013 production expected to be 500-550 Mlbs 13 World Class Operations and Projects Total Global Gold Mines by Size 6 mines (2

  8. Slide 8: Key Gold Assets

    Key Gold Assets H1 2012 Total 2011 Production Cash Costs Reserves(1) ((Koz)) ((US$/oz)) ((P&P-Moz)) Cortez 794 297 14.5 Goldstrike 494 588 12.4 Veladero 372 444 10.6 Lagunas Norte 346 320 6.2 2,006 400 43.7 Total/Average 3,623 580 139.9 (1) See final slide #5 15 Pueblo Viejo - ramp up underway Autoc

  9. Slide 9: Pueblo Viejo - long life, low cost

    Pueblo Viejo - long life, low cost  625-675K equity oz of average annual production in first full five years(1)  $300-$350/oz total cash costs(1)  15.2 M oz of gold reserves(2)  25+ year mine life All figures are Barrick’s 60% share (1) See final slide #2 (2) See final slide #5 17 Pascua-Lama -

  10. Slide 10: Pascua-Lama - progress review

    Pascua-Lama - progress review Capital cost and schedule review  Progress update to be provided with Q3 results  Preliminary results indicate first gold expected in mid-2014 at capital cost of $7.5-$8.0B Actions underway  Strengthen project management structure  Leading EPCM organization to provi

  11. Slide 11: Jabal Sayid

    Jabal Sayid Crusher  Expected to be within capex Operational guidance of ~$400 M(1)  100-130 Mlbs of average annual copper production in first full five years(2)  C1 cash costs of $1.50- Process Circuit $1.70/lb(2)  Currently working toward achieving safety and security compliance to enable prod

  12. Slide 12: Lumwana - positioned for 2013

    Lumwana - positioned for 2013 Actions underway to improve performance:  Address waste stripping deficit  Migration to owner maintenance  Infrastructure improvements  Key leadership changes at site 23 2012 Exploration Program(1) North America North America 45% Africa 5% Africa Australia Pacific A

  13. Slide 13: Disciplined, Profitable Production Footnotes

    Disciplined, Profitable Production  Industry’s largest production  Lowest total cash costs among seniors  World class assets, lower risk g global p portfolio  Disciplined capital allocation  Recalibrated production  Sharp focus on cost management  Two large low-cost projects contributing ~1.5

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