Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Shareholder Meeting (April 2010)

13 slides from Barrick Mining's shareholder meeting presentation, Apr 28, 2010

  1. Slide 1: A New Era in Gold

    Barrick Gold Corporation Annual General Meeting 2010 A New Era in Gold A NewBarrick Era in Gold CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Agenda Certain information contained in this presentation, including any information as to our strategy, plans or future financial or operating performa

  2. Slide 2: 2009 Key Priorities and Progress

    Barrick Gold Corporation Annual General Meeting 2010 2009 Key Priorities and Progress 2009 Key Priorities and Progress ƒ Meet production and cost targets ƒ Grow reserves through disciplined Corporate Development and Exploration – met gold and copper guidance – grew reserves for 4th consecutive year

  3. Slide 3: Financial Results

    Barrick Gold Corporation Annual General Meeting 2010 Net Income Operating Cash Flow Adjusted Net Income(1) Adjusted Operating 2009 US$ millions US$ millions 2009 US$ millions Cash Flow(1) 1,810 2,899 Financial 1,119 785 1,768 2,254 Financial 1,661 US$ millions 2,254 Results 2007 2008 2009 Results 1,

  4. Slide 4: Gold has re-emerged as an important asset class

    Barrick Gold Corporation Annual General Meeting 2010 Barrick in ƒ Completed acquisition of a further 25% interest in Cerro Casale African Barrick Gold Q1 2010 ƒ Creation of African Barrick Gold and successful IPO ƒ Business model customized to Africa ƒ Expanded growth options and financial flexibili

  5. Slide 5: Scarcity Value

    Barrick Gold Corporation Annual General Meeting 2010 Gold Price (US$/oz) ETF Holdings (Moz) Net Official Sector Sales ƒ Sales dropped to 1400 55 Gold ETF (tonnes of gold) 663 44 tonnes in 2009 1200 45 Demand at 479 484 ƒ Net buying in last three 1000 35 Record Level 365 quarters 800 25 236 2009 15 6

  6. Slide 6: 2010 Outlook

    Barrick Gold Corporation Annual General Meeting 2010 Higher Production and ~1100 Current Spot ounces 7.6-8.0 2010 Outlook Expanding Margins Avg. Realized Price(1) millions Total Cash Costs(1) vs Gold Prices 985 Lower Total Cash Costs(1) expected in 2010 US$ per ounce 872 645- 7.4 US$/oz 675 $466 621

  7. Slide 7: History of Reserve Growth

    Barrick Gold Corporation Annual General Meeting 2010 History of Reserve Growth (1) ~140 Production 2009 P&P Reserves North North America America THROUGH ACQUISITION AND EXPLORATION 135 2,810 40% TOTAL proven and probable – millions of ounces Africa EXPLORATION Africa 716 12% 20 South South Australia

  8. Slide 8: Cortez Hills

    Barrick Gold Corporation Annual General Meeting 2010 ƒ Construction completed in line with $500 M capital budget(1) Cortez Hills ƒ Supplementary EIS expected to be completed by year-end ƒ 1.08-1.12 Moz at total cash costs of $295-$315/oz in 2010(1,2) ƒ Motion for a tailored injunction Cortez Hills C

  9. Slide 9: Pascua-Lama

    Barrick Gold Corporation Annual General Meeting 2010 Pascua-Lama Pascua-Lama ƒ 750-800 Koz of gold at total cash costs of $20-$50/oz(1,2) ƒ 35 Moz of silver ƒ In line with $2.8-$3.0 B capital budget(2) ƒ On track for first production Q1 2013 Pascua-Lama (1) See final slide #1 (2) See final slide #2

  10. Slide 10: Strong A-Rated Balance Sheet

    Barrick Gold Corporation Annual General Meeting 2010 Gold Copper Nickel Projects In Feasibility A-Rated Industry’s Highest Rated Balance Sheet Barrick’s share of resources(1) M oz DONLIN CK. Barrick’s share of resources(1) B lbs B lbs Strong Reko Diq, Pakistan (37.5%) $3.5B Cash Balance REKO DIQ 2.6

  11. Slide 11: Education

    Barrick Gold Corporation Annual General Meeting 2010 Education Community ƒ New Schools Health ƒ Scholarships ƒ Teacher Training Protecting the Environment Clean up at ƒ Meeting international obligations ƒ Strengthening global performance Pueblo Viejo ƒ New environmental standards 11 11

  12. Slide 12: The Gold Industry Leader

    Barrick Gold Corporation Annual General Meeting 2010 Chile The Gold Industry Leader ƒ Exceptional leverage to gold price Earthquake – on industry’s largest fully unhedged production and reserves Relief ƒ New low cost production – from world-class projects in construction ƒ Project development excell

  13. Slide 13: Footnotes

    Barrick Gold Corporation Annual General Meeting 2010 Footnotes 1. Net cash costs per ounce, net cash margin per ounce, total cash costs per ounce, cash margin per ounce, total cash costs per pound, adjusted net income, adjusted operating cash flow and average realized price are non- GAAP financial m

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