Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Merrill Lynch Canada 14th Annual Gold Mining Conference 2008

12 slides from Barrick Mining's conference presentation, Sep 4, 2008

  1. Slide 1: Merrill Lynch Canada 14th Annual Gold Mining Conference

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Strategy Investment Execution Results Merrill Lynch Canada 14th Annual Mining Conference Toronto – September 4, 2008 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated b

  2. Slide 2: Second Quarter Highlights

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Second Quarter Highlights ƒ Cash margins up 68% to $477 per ounce ƒ Net income rises 22% to $485 M ($0.56 per share) ƒ $1B in earnings in first 6 months ƒ Significant progress on project pipeline: – Buzwagi, Cortez:

  3. Slide 3: A New Paradigm for Gold

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 A New Paradigm for Gold ƒ Re-emergence of global inflation ƒ Low US real interest rates ƒ Renewed credit concerns – Fannie Mae/Freddie Mac ƒ Supportive supply/demand fundamentals Geopolitical Profile 2007 P&P Reserve

  4. Slide 4: Deepest Project Pipeline

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Deepest Project Pipeline MINE EXPLORATION FEASIBILITY PERMITTING CONSTRUCTION LIFE Years Buzwagi +10 Pueblo Viejo +25 Cortez Hills +15 Pascua-Lama +20 Sedibelo +15 Cerro Casale +15 Donlin Creek +25 Reko Diq +30 Fedor

  5. Slide 5: Buzwagi and Cortez Hills Project Update

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Buzwagi Project Update ƒ On schedule and tracking ƒ 250,000-260,000 oz/yr(2) budget: ƒ Cash costs: ~$300/oz(2,3,4) – mine stripping underway ƒ Capex: $400 M(1) – ~80% committed or spent (1) Pre-production (2) Expecte

  6. Slide 6: Pueblo Viejo Project Update

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Pueblo Viejo Project Update ƒ Site work commenced ƒ Dismantling existing facilities August 23 2008 – Cleared Process Area (Reverse Angle) November 2006 Pueblo Viejo Project Update Capex: ~$2.7 B(1) ƒ Accelerated proc

  7. Slide 7: Pueblo Viejo Project Update; Additional Projects Contribution

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Pueblo Viejo Project Update ƒ 1 Moz/yr producer(1) ƒ Cash costs: $275-$300/oz(2,3) ƒ Reserves increased to 22.2 M oz(4) (1) Expected for 1st full 5 yrs at 100% (2) Refer to final slide point #1 (3) Based on an oil pr

  8. Slide 8: Expected Project Milestones and Focused Exploration

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Expected Project Milestones ƒ Cortez Hills ROD – H2 2008 + 15 mo. construction ƒ Pueblo Viejo – continued construction progress ƒ Sedibelo decision – H2 2008 ƒ Kabanga pre-feasibility – Q3 2008 ƒ Fedorova feasibility

  9. Slide 9: Turquoise Ridge, Nevada

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Turquoise Ridge, Nevada Q4 extension ƒ 3370 drift development B1 in High Grade Bullion Zone Proposed 3075 drift (HGB) completed in Q1 B Completed A1 3370 drift ƒ 60,000 ft drill program in and galleries progress A ƒ

  10. Slide 10: Turquoise Ridge, Nevada and Kainantu, Papua New Guinea

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Turquoise Ridge, Nevada B 3370 exploration drift (end of face section looking NW) B1 3500' Dac ite D y ke North Pillow Basalt 3300' GRADE 3100' Limestone and Mudstone Planned BBT opt Au Exploration Drift feet 1.72 29

  11. Slide 11: Valuation

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 2008 Valuation Multiple Gold 50 $900 Average Gold Price 40 $800 30 $700 S&P 500 Price / EPS ABX Price / EPS* 20 $600 10 ABX Price / OCFPS* $500 0 $400 Q1-05 Q2-05 Q3-05 Q4-05 Q1-06 Q2-06 Q3-06 Q4-06 Q1-07 Q2-07 Q3-07 Q4-0

  12. Slide 12: Footnotes

    Merrill Lynch Canada 14th Annual Gold Mining Conference Toronto – September 4, 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 inventory purchase accounting adjustments, amortization and accretion. For f

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