Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Asia Mining Congress 2005

15 slides from Barrick Mining's conference presentation, Mar 22, 2005

  1. Slide 1: Asia Mining Congress – Forward Looking Statement

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estimates of our future performance

  2. Slide 2: Gold Market – A Sustainable Rally

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Gold Market – A Sustainable Rally $450 $400 $350 $300 $250 2001 2002 2003 2004 05 Top Five Reasons to Invest in Gold ƒ Supply and demand fundamentals continue to be strong ƒ US dollar remains in long-term decline ƒ Long-term co

  3. Slide 3: Barrick Snapshot

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Barrick Snapshot ƒ Large, liquid blue-chip gold producer ƒ Component of seven globally-recognized indices ƒ 12 operating mines and 5 development projects: – 7 countries on 4 continents – 2004A production: 5.0 Moz @ $212/oz (1)

  4. Slide 4: Gold Reserves and Contained Silver

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Gold Reserves and Contained Silver ƒ Gold reserves: 89 M oz (proven & probable) (2) ƒ Gold resources: 20 M oz (measured & indicated) ƒ Gold resources: 14 M oz (inferred) millions of ounces 911 @ $5.50/oz silver (3) 826 815 835

  5. Slide 5: Total Cash Costs and Target Production Growth

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Total 350 Cash Costs* GoldFields (US$ per ounce) 325 300 275 AngloGold Placer Dome 250 Newmont 225 Barrick 200 175 150 2000 2001 2002 2003 2004 2005E * 2005E are midpoints of company guidance. Target Production Growth millions

  6. Slide 6: Building Mines – Projects in Construction

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Building Mines – Projects in Construction ƒ Veladero, Lagunas Norte, Cowal and Tulawaka are all open-pit with conventional technology Estimated Estimated Estimated Construction Avg. 3 full years Avg. 3 full years Reserves Capit

  7. Slide 7: Veladero and Lagunas Norte – Projects in Construction

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 PROJECTS IN CONSTRUCTION Veladero – Frontera District, Argentina Completed valley-fill leach embankment Primary crusher construction Mining in the open pit PROJECTS IN CONSTRUCTION Lagunas Norte – Alto Chicama District ƒ First

  8. Slide 8: Lagunas Norte and Cowal – Projects in Construction

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 PROJECTS IN CONSTRUCTION Lagunas Norte – Alto Chicama District Primary crusher Heavy equipment assembly Loading overliner material Process plant structural steel Secondary crusher PROJECTS IN CONSTRUCTION Cowal – New South Wale

  9. Slide 9: Tulawaka and Pascua-Lama

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Tulawaka – Lake Victoria District, Tanzania 70% share ƒ First gold pour occurred on March 15, 2005 ƒ Gold reserves: 382,000 ounces Grinding Circuit Primary Crusher PROJECTS IN DEVELOPMENT Pascua-Lama - Frontera District, Chile/

  10. Slide 10: Frontera District and Financial Resources

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 A T A C A M A R E G I O N Frontera District Pascua-Lama Veladero Guanaco Zonzo target Regalito target Vallenar Prospects S A N J U A N Pascua-Lama P R O V I N C E Veladero La Serena Bañitos target El Indio Pacific Ocean C O Q U

  11. Slide 11: Exploration Strategy

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Exploration Strategy (5) ƒ 2005 total exploration budget $120 million ƒ Targeting reserve additions at and near existing mines in 2005: $55 million ƒ 2005 exploration budget: $65 million on greenfields and districts ƒ Focus on

  12. Slide 12: Exploration – South-East Asia and China

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Exploration – South-East Asia ƒ Exploration program run out of Perth office ƒ Spending $1.5 million in Indonesia in 2005 – Initiating grassroots exploration in Sumatra ƒ Spending $1 million in China in 2005 ƒ Watching briefs on

  13. Slide 13: Exploration – China and Strategic Partnerships

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 Exploration – China ƒ Exploration office in Beijing since 1994 ƒ Developed comprehensive geological database ƒ Conducted generative work program in 2004 (including property reviews and grassroots work) ƒ Continuing property exa

  14. Slide 14: The Case for Barrick

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 The Case for Barrick ƒ Large blue-chip company with significant growth in production and cash flow ƒ Growth driven by reserve replacement, development projects, exploration and strategic partnerships ƒ Proven development track

  15. Slide 15: Footnotes

    BARRICK GOLD CORPORATION Asia Mining Congress Singapore – March 22, 2005 FOOTNOTES 1. For an explanation of non-GAAP performance measures, refer to pages 38 and 40-41 of Management’s Discussion and Analysis found in the Year-End Report 2004. 2. Based on reserves calculated as at December 31, 2004 us

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