Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Q1 2010 Earnings Presentation

15 slides from Barrick Mining's earnings presentation, Apr 28, 2010

  1. Slide 1: First Quarter 2010 Results Conference Call / Webcast

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 1 First Quarter 2010 Results Conference Call / Webcast April 28, 2010 2

  2. Slide 2: Cautionary Statement on Forward-Looking Information

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, plans or future financial or operating performance and other statements that expres

  3. Slide 3: Q1 2010 Highlights

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Q1 2010 Highlights Gold Total Net Production Cash Costs(1) Cash Costs(1) Moz 2.08 2.08 $US/oz $US/oz 484 484 9% 19 1.76 1.76 % 442 442 404 404 15% 342 332 1 300 300 Q1 07 Q1 08 Q1 07 Q1 08 Q1 09 Q1 07 Q1 08 Q1 10 Q1 09 Q1 10 Q1 09 Q1

  4. Slide 4: Q1 2010 Production

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Q1 2010 Production ounces thousands North America 729 2.08 million ounces Africa Australia 177 Pacific 512 South Other 7 America 659 ƒ Total cash costs $442/oz(1) ƒ Net cash costs $342/oz(1) (1) See final slide #1 7 Impact of Low Cos

  5. Slide 5: Cortez Hills Project Update

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Cortez Hills Project Update ƒ Construction completed in line with $500M capital budget(1) ƒ 1.08-1.12 Moz at total cash costs of $295-$315/oz in 2010(1,2) ƒ Motion for a tailored injunction granted by US District Court ƒ Supplementar

  6. Slide 6: Pascua-Lama Project Update

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Pascua‐Lama Project Update ƒ On track for first production Q1 2013 ƒ In line with $2.8-$3.0B pre-production capital budget(1) ƒ 750-800 Koz at total cash costs of $20-$50/oz(1,2) ƒ 1/3 of capital committed ƒ Detailed engineering is ~

  7. Slide 7: Projects in Feasibility

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Projects in Feasibility Gold Copper Nickel Barrick’s share Barrick’s share of resources(1) of resources(1) Reko Diq, Pakistan (37.5%) B lbs M oz B lbs DONLIN CK. ƒ Feasibility being finalized and is 2.6 under review REKO DIQ KABANGA

  8. Slide 8: Q1 2010 Record Financial Results

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Q1 2010 Record Financial Results Net Income Adjusted Operating US$M Net Income(1) Cash Flow 758 US$M US$M 1051 741 1051 104 149 201 % % % 371 298 349 349 Q1 09 Q1 10 Q1 09 Q1 10 Q1 09 Q1 07 Q1 08 Q1 10 (1) Refer to final slide point

  9. Slide 9: Margin Expansion

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Margin Expansion ~1100 Current Spot Total Cash Costs(1) vs Gold Prices US$ per ounce 645- Margin(1) Avg. Realized Price(1) 985 675 872 519 429 621 545 276 439 265 443 466 425- Total Cash Cost 214 345 455 280 225 05 06 07 08 09 10E (1

  10. Slide 10: Strong Financial Position

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 Strong Financial Position A-Rated Industry’s Highest Rated Balance Sheet $3.5B Cash Balance $1.5B Undrawn Line of Credit 0.14:1 Net Debt to Total Capitalization $1.05B Strong Operating Cash Flow Generation All figures as of March 31,

  11. Slide 11: In Closing

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 In Closing ƒ Record Q1 financial results ƒ On track to deliver higher production at lower cash costs in 2010 ƒ Cortez Hills delivered on time and budget ƒ Pueblo Viejo and Pascua-Lama on schedule and budget ƒ Positive outlook for gol

  12. Slide 12: Pueblo Viejo Coarse Ore Stockpile

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 APPENDIX Pueblo Viejo Coarse Ore Stockpile 23 APPENDIX Pueblo Viejo Limestone Storage 24

  13. Slide 13: Pueblo Viejo Grinding Circuit

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 APPENDIX Pueblo Viejo Grinding Circuit 25 APPENDIX Pueblo Viejo Coarse Ore Stockpile 26

  14. Slide 14: Pascua-Lama Crusher Platform

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 APPENDIX Pascua‐Lama Crusher Platform 27 APPENDIX Pascua‐Lama Portal Upper Brow 28

  15. Slide 15: Pascua-Lama Truckshop Area

    Barrick Gold Corporation First Quarter 2010 Results April 28, 2010 APPENDIX Pascua‐Lama Truckshop Area 29 APPENDIX Pascua‐Lama Dam Construction 30

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