Slide 1: Third Quarter 2014 Results
Third Quarter 2014 Results Conference Call / Webcast October 30, 2014 1 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating
Slide 2: Agenda
Third Quarter 2014 Results Kelvin Dushnisky Jim Gowans Ammar Al-Joundi Co-President Co-President Senior Executive Vice President and CFO 3 Agenda Third Quarter 2014 Highlights 2014 Guidance Barrick’s Priorities Operations Update Value Creation Opportunities Pascua-Lama Update Q&A 4
Slide 3: Third Quarter 2014 Highlights
Third Quarter 2014 Highlights Strong operating and Q3 Highlights financial results EPS ($) 0.11 Narrowed gold production Adj. EPS(2) ($) 0.19 guidance to 6.1-6.4 Moz (1) OCF ($B) 0.85 Reduced AISC guidance to Gold Prod. (Koz) 1,649 $880-$920/oz í the lowest of (1,2) AISC ($/oz) 834 senior peer
Slide 4: Barrick's Priorities
Barrick’s Priorities 7 Operational Excellence Excel in all areas across the company and deliver the full potential of our mines Identified value creation potential through efficiencies and cost reduction initiatives Put the best people in key roles and enable them to deliver 88
Slide 5: Best Assets and Regions
Best Assets and Regions Focus on assets with the most potential in core regions Leverage competitive advantages Strong base of high quality mines Ongoing asset optimization 9 Strong Partnerships Establish deep relationships for performance and growth Strong partnerships with key stakeholders
Slide 6: Financial Flexibility
Financial Flexibility Restore the balance sheet to a position of strength Focus on reducing net debt and maintaining good liquidity Cash Position Scheduled Debt Repayments to 2018 (1) 2.0 $2.7B (2) $0.9B 1.0 $0.2B $4.0B 0 2014 2015 2016 2017 2018 Undrawn Credit Facility (1) As of Sept. 30, 2014 (2
Slide 7: Value Creation Opportunities
Value Creation Opportunities Cortez Hills Lower Zone prefeasibility expected in late 2015; zone remains open at depth Goldstrike thiosulfate project on schedule for Q4 2014 South Arturo on track to enter production in early 2016 Pueblo Viejo targeting further throughput and recovery improvem
Slide 8: Goldrush – Prefeasibility in Mid-2015
Goldrush – Prefeasibility in Mid-2015 Cortez Portal Hills Mine Very high-grade potential untested and open Exploration Decline (permit application submitted) High-grade continuity being Goldrush Deposit(1) established 10 Moz M&I Resources 5.6 Moz Inferred Resources 1 mile (1) See final slide #4 15 1
Slide 9: Pascua-Lama
Pascua-Lama Ramp-Down Completed Requires improved economics with minimum ROI to re-start Conducting optimization studies to assess risk-adjusted Community Water Monitoring Program returns Improving community engagement 17 17 Barrick’s Priorities Deliver the full potential of our assets and p
Slide 10: Footnotes
Footnotes 1. Adjusted net earnings per share, adjusted operating costs per ounce, all-in sustaining costs per ounce (“AISC”) and C1 cash costs per pound are non-GAAP financial performance measures with no standardized definition under IFRS. See pages 46-51 of Barrick’s Third Quarter 2014 Report. 2.
Slide 11: 2014 Operating Guidance
2014 Operating Guidance Current Previous Gold Production AISC Production AISC (000's of ounces) ($ per ounce) (000's of ounces) ($ per ounce) Cortez 880-920 750-780 (high end) 925-975 (low end) 750-780 (high end) Goldstrike 865-915 870-900 865-915 (high end) 920-950 (low end) Pueblo Viejo (60%) 600-