Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — BMO 22nd Global Metals and Mining Conference 2013

15 slides from Barrick Mining's conference presentation, Feb 25, 2013

  1. Slide 1: BMO 22nd Global Metals and Mining Conference

    BMO 22nd Global Metals and d Mining Mi i Conference C f Hollywood, Florida – February 25, 2013

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

    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 performance, constitutes "forward-looking statements". All statements, o

  3. Slide 3: Disciplined, Profitable Production

    Disciplined, Profitable Production  World-class assets in favorable, prospective mining World-Class jurisdictions Assets  Pursuing opportunities to optimize portfolio  Recalibrated longer term production base  ~1.5 Moz(1) at low all-in sustaining g cash costs from Pueblo Viejo and Pascua-Lama 

  4. Slide 4: 2012 Priorities and Progress

    2012 Priorities and Progress  Deliver on operating targets – met original gold guidance and latest cost guidance  Reserve and resource development – replaced total gold reserves – doubled resource at greenfield discovery in Nevada (Goldrush)  Enhance Responsible Mining practices – relisted on Dow

  5. Slide 5: Demand for Disciplined Capital

    Demand for Disciplined Capital  Lack of disciplined Gold Equity Index (XAU) as % of Gold Price 200% capital allocation – growing disconnect 180% between bullion and equities 160% – declining gold equity valuations 140%  Investors demand a 120% fundamental change – profitable fit bl production; d t

  6. Slide 6: A New Paradigm - progress

    A New Paradigm - progress  Reporting an all-in sustaining cash cost measure which better reflects the total cost of producing gold – a more meaningful metric – reflects how we always have managed costs  Cut or deferred $4B in previously budgeted capex  Launched a company-wide overhead cost review

  7. Slide 7: Returning Capital

    Returning Capital Annualized Dividend(1,2) 80 US cents per share 60 48 40 40 30 22 2006 2007 2008 2009 2010 2011 2012 (1) Calculation based on annualizing the last dividend paid in the respective year (2) See final slide #7 9 Q4 and Full Year 2012 Results Q4 2012 Full Year 2012 Net loss ($B) (3.06)

  8. Slide 8: All-In Sustaining Cash Costs

    All-In Sustaining Cash Costs(1) Full year 2012 US$ per ounce Total 945 584 15% Total Cash Costs Other 10% 40% Maintenance Labor 269 Sustaining 15% Energy Capex 20% Consumables 51 G&A 21 20 Exploration E l ti & Oh Other Evaluation (1) See final slide #1 11 Global Portfolio 2012 P&P Reserves North Ame

  9. Slide 9: Pueblo Viejo - ramp up progress

    Pueblo Viejo - ramp up progress  Now in commercial production  Ramp-up Ramp up to full capacity expected in the second half of 2013 Autoclave Circuit 13 13 Pueblo Viejo - long life, low cost  625-675 Koz(1) of average annual production in first full five years – all-in sustaining cash costs of $5

  10. Slide 10: Pascua-Lama - world class asset

    Pascua-Lama - world class asset One of the world’s largest, lowest cost gold mines  800-850 Koz(1) and 35 Moz(1) of average annual gold and silver Covered p production,, respectively p y Stockpile p  all-in sustaining cash costs of $50-200/oz(1,2) and $550-700/oz(3) including depreciation of mine

  11. Slide 11: Pascua-Lama - construction update

    Pascua-Lama - construction update Covered Stockpile Ball Mill in position Merrill Crowe Building Primary Crusher Box 17 Pascua-Lama - construction update Merrill-Crowe Process Leaching Grinding Covered Stockpile Conveyor Footings 18

  12. Slide 12: Exploration Budget - Nevada

    Exploration Budget - Nevada  Almost half of Barrick’s Turquoise Ridge 2013 exploration budget G ld t ik Goldstrike Elko of $400-$440 million(1) Marigold Carlin is allocated to Nevada Battle Mtn. Cortez (1) See final slide #6 Bald Mtn. AREA ENLARGED RIGHT Ruby Hill Round Mountain 19 Goldrush Resourc

  13. Slide 13: Cortez District Potential

    Cortez District P Potential i l  Tremendous district p potential  Parallel trend identified 21 2013 Outlook Gold  Production: 7.0 7 0-7 7.4 4 Moz  All-in sustaining cash costs: $1,000-1,100/oz $ , , / (1)  Total cash costs: $610-660/oz(1) Copper  Production: 480-540 Mlbs CC1 cash cas costs co

  14. Slide 14: 2013 Priorities and Catalysts

    2013 Priorities and Catalysts  Meet 2013 production and cost guidance  Ramp up Pueblo Viejo to full capacity in H2 2013  Advance Pascua-Lama in line with plans  Improve performance at Lumwana  Advance Goldrush in Nevada  Actively pursue opportunities to optimize portfolio  Identify ways to fu

  15. Slide 15: Footnotes

    Footnotes 1. Adjusted net earnings, adjusted net earnings per share, adjusted operating cash flow, all-in sustaining cash costs per ounce, gold total cash costs per ounce, C1 cash costs per pound, C3 fully allocated cash costs per pound are non-GAAP financial measures. See pages 60- 67 of Barrick’s

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