Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — PDAC 2003 International Convention

8 slides from Barrick Mining's conference presentation, Mar 10, 2003

  1. Slide 1: The Impact of Consolidation on Exploration

    Barrick Gold Corporation PDAC, Toronto – March 2003 FLIGHT OF SPECULATIVE CAPITAL LOW METAL PRICES CONSOLIDATION PDAC 2003: The Impact of Consolidation on Exploration PDAC 2003: The Impact of Consolidation on Exploration CONSOLIDATION 2000 Billiton Rio Algom Phelps Dodge Cyprus Amax PRICES Grupo Mex

  2. Slide 2: The Forces

    Barrick Gold Corporation PDAC, Toronto – March 2003 THE FORCES THE FORCES 1. Investor Demand MICROSOFT – Large and profitable – Continual growth GOLD $ 55B PDAC 2003: The Impact of Consolidation on Exploration PDAC 2003: The Impact of Consolidation on Exploration THE FORCES THE FORCES 2. Improve Rat

  3. Slide 3: The Forces and the Impact

    Barrick Gold Corporation PDAC, Toronto – March 2003 THE FORCES THE FORCES 1998 PRODUCTION 2002 1998 PRODUCTION 2002 8 9 MARKET CAP MARKET CAP 40 22 40 22 companies companies companies companies PDAC 2003: The Impact of Consolidation on Exploration PDAC 2003: The Impact of Consolidation on Exploratio

  4. Slide 4: Total Exploration Budgets and Cutbacks

    Barrick Gold Corporation PDAC, Toronto – March 2003 TOTAL EXPLORATION BUDGETS US$ billions 5.2 3.7 DOWN 2.8 2.6 63% 2.2 1.9 NICKEL COPPER GOLD $1.69/lb 61¢/lb $250/oz 97 98 99 00 01 02 1998 1999 1999 PDAC 2003: The Impact of Consolidation on Exploration PDAC 2003: The Impact of Consolidation on Expl

  5. Slide 5: Exploration Cutbacks and Strategies

    Barrick Gold Corporation PDAC, Toronto – March 2003 EXPLORATION CUTBACKS ALTO CHICAMA PROJECT US$ millions $149 BARRICK HOMESTAKE $104 6.5 M oz reserve PRE POST PDAC 2003: The Impact of Consolidation on Exploration PDAC 2003: The Impact of Consolidation on Exploration EXPLORATION STRATEGIES 5 MILLIO

  6. Slide 6: Investment Industry, Financings and Reduced R&D

    Barrick Gold Corporation PDAC, Toronto – March 2003 THE INVESTMENT INDUSTRY MINING INDUSTRY FINANCINGS US$ billions FEWER 5.4 4.9 MINING COMPANIES FEWER 1.9 1.7 FEWER ANALYSTS 1.2 0.9 STOCKS 0.3 96 97 98 99 00 01 02 PDAC 2003: The Impact of Consolidation on Exploration PDAC 2003: The Impact of Conso

  7. Slide 7: Synergies, Opportunities and The Outlook

    Barrick Gold Corporation PDAC, Toronto – March 2003 SYNERGIES AND OPPORTUNITIES THE OUTLOOK § Larger contiguous land packages § New exploration areas § Spin-off opportunities WILL CONSOLIDATION CONTINUE? § Increased market cap attracts more attention PDAC 2003: The Impact of Consolidation on Explora

  8. Slide 8: Disappearing Exploration Dollars

    Barrick Gold Corporation PDAC, Toronto – March 2003 INVESTOR INCREASED LOWER LOWER DEMANDS COMPETITION PRICES BUDGETS The Impact of Consolidation The Impact of Consolidation LOWER FEWER NEW EXPANDED on Exploration R&D on JOBSExploration SYNERGIES HORIZONS DISAPPEARING EXPLORATION DOLLARS PDAC 2003:

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