Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Prudential Metals & Mining Conference 2007

14 slides from Barrick Mining's conference presentation, Apr 4, 2007

  1. Slide 1: Barrick Now

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Barrick Now Prudential Metals & Mining Conference New York - April 4, 2007 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation and related mate

  2. Slide 2: Barrick Now / 2006 Highlights

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Barrick Now ƒ High quality portfolio of operating mines ƒ Largest reserve and resource base ƒ Suite of gold and non-gold projects to advance ƒ Industry’s strongest balance sheet ƒ Exploration ground on the most prolific tre

  3. Slide 3: Creating Leverage: Hedge Book Reduction

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Barrick Now Creating Leverage ‘03-‘04 Share buyback 2003 No new gold hedge policy / hedge reductions ‘05-‘07 Brought five new mines into production Q1 ‘06 Acquired Placer Dome Q2 ‘06 Sale of assets to Goldcorp Q4 ‘06 Sale o

  4. Slide 4: Global Cash Costs: 2006 Cumulative Cost Curve

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Barrick Now 2004 2006 Undeveloped Production Reserves Contribution Lagunas Norte 1.8 25 million Veladero million ounces at Cowal ounces total cash costs of Tulawaka $152/oz(1) (1) Refer to final slide point #1. Production G

  5. Slide 5: Leverage to Gold

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Leverage to Gold Realized Price Cash Flow Earnings US$ per ounce US$ per share 600 up 3.00 23% up 541 84% 2.48 450 439 up 2.25 136% 300 1.77 1.50 1.35 150 0.75 0.75 2005 2006 2005 2006 2005 2006 0 0.00 Barrick Now Gold Mine

  6. Slide 6: Increasing P&P Gold Reserves

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Increasing P&P Gold Reserves (1) ounces millions 123 120 100 89 80 60 40 20 0 2000 2001 2002 2003 2004 2005 2006 (1) Refer to final slide point #2. Barrick Metals Portfolio P&P Reserves and M&I Resources (at December 31, 20

  7. Slide 7: Development Pipeline Progress

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Development Pipeline Progress EXPLORATION FEASIBILITY PERMITTING CONSTRUCTION OPERATIONS Ruby Hill | Cortez Hills | Pascua-Lama | Buzwagi | Pueblo Viejo | Donlin Creek | Sedibelo | Kabanga | Reko Diq | Fedorova | Exploratio

  8. Slide 8: Pascua-Lama and Pueblo Viejo Highlights

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Pascua-Lama Highlights ƒ World class gold/silver deposit ƒ Updated capital cost of $2.3-2.4 billion ƒ Annual production (1st 5 years): 750-775 kozs at $40-50/oz ƒ Major silver producer ƒ Growth in a core region for Barrick

  9. Slide 9: Value from Other Metals

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Barrick Now Kabanga Sedibelo Fedorova > 20Moz Au > 5Moz Au Target Regions Value from Other Metals ƒ Kabanga Nickel – total resources increased 74% – JV with base metals senior Xstrata – world class resource at a time of rec

  10. Slide 10: Exploration Targets and 2007 Operations Guidance

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Exploration Targets(1) Donlin Creek Hemlo Goldstrike & Pipeline Pueblo Viejo Reko Diq Porgera Pascua-Lama Golden Mile > 20Moz Au > 5Moz Au (1) Refer to final slide point #4. Operations 2007 Guidance Gold Production Total (‘

  11. Slide 11: Cost per Tonne Metrics

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Cost per Tonne Metrics Dollars per tonne – weighted average 6.0 5.0 Processing 4.0 3.0 G&A 2.0 Mining 1.0 2006 2007 2006 2007 2006 2007 0.0 Total Cash Costs Per Ounce (1) 2006 Actual vs. 2007 Guidance 375 Continuous Improve

  12. Slide 12: Expanded Margins

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Expanded Margins Total Cash Costs vs Realized Price Gold Price US dollars per ounce $650 (1) $541 $300- $439 $315 Spot $391 $259 Margins $366 $339 $212 $177 $335- $162 $177 $350 $282 Total $214 $227 Cash $177 $189 Costs 200

  13. Slide 13: Valuations

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Valuations ƒ Barrick is trading at historically low valuation multiples 50 $650 40 Price to ttm OCF / share $600 Price to ttm EPS / share Average gold price 30 $550 20 $500 10 $450 0 $400 Q1 ’05 Q2 ’05 Q3 ’05 Q4 ’05 Q1 ’06

  14. Slide 14: Footnotes

    Barrick Gold Corporation Prudential Metals & Mining Conference April 4, 2007 Barrick Now Prudential Metals & Mining Conference April 4, 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 expens

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