Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Scotia Capital Annual Precious Metals Conference 2007

12 slides from Barrick Mining's conference presentation, Nov 27, 2007

  1. Slide 1: Scotia Precious Metals Conference

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Scotia Precious Metals Conference November 27-28, 2007 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation and related material, incl

  2. Slide 2: 2007 Highlights; Operating & Financial Strength

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 2007 Highlights ƒ Strong gold price fundamentals ƒ Margins expand to $311/oz in Q3 – expected to expand further in Q4 ƒ Expecting ~ 8.1Moz at ~ $350/oz for 2007(1) – in line with original full year guidance ƒ Buil

  3. Slide 3: Expanding Margins; Cost Management

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Expanding Margins +820 Current Total Cash Costs vs Gold Prices Spot Price US dollars per ounce 681 Realized Price Q3 541 502 311 Margin 439 391 259 366 173 339 212 370 Total 177 177 329 Cash Cost 162 282 214 227 1

  4. Slide 4: Cost Management

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Cost Management ƒ Commodity Hedging ƒ Supply Chain Initiatives ƒ Continuous Improvement ƒ Energy Initiatives Energy Maintenance 25% 20% Other 10% Consumables 15% Labour 30% Cost Management Barrick’s OPEX by Curren

  5. Slide 5: Cost Management

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Cost Management Barrick’s OPEX by Currency (1) Hedged AUD CAD and AUD 30% AUD 30% 30% Other 5% 100% Hedged USD 65% (1) Based on 2007 YTD figures Cost Management Continuous Improvement & Supply Chain Management ƒ M

  6. Slide 6: Project Pipeline; Pipeline Contribution

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Project Pipeline EXPLORATION FEASIBILITY PERMITTING CONSTRUCTION OPERATIONS Buzwagi Cortez Hills Pascua-Lama Pueblo Viejo Cerro Casale* Donlin Creek Sedibelo Kabanga Fedorova Kainantu Reko Diq Exploration * pendin

  7. Slide 7: Pipeline Lower Expected Costs; Exploration Supergiant Targets

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Pipeline Lower Expected Costs Mine Life Production(1) Cash Costs(1) Projects Region (years) (koz/year) ($/oz) Cortez(2) Nevada +10 580-595 280-290 Pascua-Lama Chile/Arg. +20 750-775 40-50 Buzwagi Tanzania +10 250-

  8. Slide 8: Reserve Replacement; Nevada Exploration Potential

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Reserve Replacement ƒ Reserves replaced every year since 2000 ƒ Extensive positions on the world’s best belts ƒ Strong exploration focus – $185M in 2007 123 Moz(1) ƒ Deep project pipeline 120 100 89 80 60 2000 200

  9. Slide 9: Cortez Hills – Lower Zone; Pueblo Viejo – Monte Oculto

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Cortez Hills – Lower Zone Drill Status Map N Pre-2007 Significant Intercept No Significant Intercept Cortez Hills Reserve 2007 Lower Footprint Significant Intercept Zone Resource No Significant Intercept Footprint

  10. Slide 10: Kainantu - Exploration Potential; Valuations

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Kainantu - Exploration Potential Yandera Accreted Finistere Terrain 660Mt@0.48% Cu Ra Metamorphic Basement m u -M Mid-Miocene Diorite ar Mid-Miocene Sediments kh am Quaternary Alluvial Fa u lt Kesar Creek Irumafim

  11. Slide 11: Outlook

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 Outlook ƒ Positive gold price outlook ƒ Strong margins ƒ Focused on managing cost structure ƒ Track record of building mines – build-out of projects is underway ƒ Recent transactions to enhance project pipeline ƒ

  12. Slide 12: Footnotes

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference - November 27, 2007 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 amortization expense and inventory purchase accounting adjustments. For f

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