Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Q4 2009 Earnings Presentation

15 slides from Barrick Mining's earnings presentation, Feb 18, 2010

  1. Slide 1: Fourth Quarter 2009 Results and 2010 Outlook

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 1 Fourth Quarter 2009 Results and 2010 Outlook Conference Call / Webcast February 18, 2010 2

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

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, plans or future financial or operating performance and other s

  3. Slide 3: Key Priorities and Progress

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Key Priorities and Progress ƒ Meet production and cost targets – met gold and copper guidance – 7.4 M oz at total cash costs of $466 per ounce(1) – 393 M lbs at total cash costs of $1.17/lb(1) ƒ Ensure low cost,

  4. Slide 4: Fourth Quarter Highlights

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Fourth Quarter Highlights ƒ Gold production: 1.90 Moz at $474/oz(1) – $321/oz on a net cash cost basis(1) ƒ Copper production: 98 Mlbs at $1.08/lb(1) ƒ Realized prices of $1,119 per ounce and $3.44 per pound(1) ƒ

  5. Slide 5: 2009 Financial Results

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 2009 Financial Results ƒ Realized gold price of $985 per ounce(1) – vs spot price of $972 per ounce ƒ Realized copper price of $3.16 per pound(1) – 35% higher than spot price of $2.34 per pound ƒ Adjusted net inc

  6. Slide 6: Strong Financial Position

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Strong Financial Position A-Rated Industry’s Highest Rated Balance Sheet $2.6B Cash Balance $1.5B Undrawn Line of Credit 0.18:1 Net Debt to Total Capitalization $2.9B(1) Strong Cash Flow Generation (1) Adjusted o

  7. Slide 7: Cortez Hills Project Update

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Cortez Hills Project Update ƒ Construction expected to be completed in line Process Stockpile with $500 M capital budget(1) ƒ 1.08-1.12 Moz at total cash costs of $295-$315/oz in 2010(1) ƒ Motion filed by Barrick

  8. Slide 8: Pueblo Viejo Project Update

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Pueblo Viejo Project Update ƒ 625-675 Koz to Barrick’s account (60%)(1) ƒ Total cash costs of $250-$275/oz(1,2) ƒ $3.0 B capital budget(1) (100%) includes Plantsite Construction accelerated expansion Ball Mill Se

  9. Slide 9: Cerro Casale Project Update

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Cerro Casale Project Update ƒ First full 5 years (75%): – 750-825 K oz gold and 170-190 M lbs copper(1) – Total cash costs of $240-$260/oz(1,2) ƒ Life-of-mine (75%): – 600-650 K oz gold and 170-190 M lbs copper(1

  10. Slide 10: Projects in Feasibility

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Projects in Feasibility Gold Copper Nickel Barrick’s share Barrick’s share of resources(1) of resources(1) Reko Diq, Pakistan (37.5%) B lbs M oz B lbs DONLIN CK. ƒ Feasibility being finalized and is 2.6 under rev

  11. Slide 11: 2010 Outlook

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 2010 Outlook ounces 7.6-8.0 higher production and millions lower costs expected in 2010(1) US$/oz $466 7.4 $425-$455 Total cash costs ƒ Net of African Barrick Gold IPO 2009 2010 2009 2010 6.5 400 (1) See final sl

  12. Slide 12: Margin Expansion

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Margin Expansion ~1100 Current Spot Net TotalCash CashCosts Costs vsvsGold (1)(1) GoldPrices Prices US$ per ounce 725- Margin(1) Avg. Realized Price(1) 985 755 872 622 564 535 621 545 393 439 344 214 337 363 345-

  13. Slide 13: African Barrick Gold

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 African Barrick Gold ƒ Business model customized to Africa ƒ Benefits from Barrick support and expertise ƒ Barrick participates in value creation through its +70% interest post IPO ƒ The return of capital to Barr

  14. Slide 14: Outlook - Bullish on Gold

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 2010 Outlook ‐ Bullish on Gold ƒ Price supportive macroeconomic environment: – low interest rates – increased liquidity – sovereign debt – fiscal policies ƒ Growth in investment demand ƒ Diversification benefits ƒ Cen

  15. Slide 15: Footnotes

    Barrick Gold Corporation Fourth Quarter 2009 Results and 2010 Outlook February 18, 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 realized pric

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