Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Q2 2010 Earnings Presentation

13 slides from Barrick Mining's earnings presentation, Jul 29, 2010

  1. Slide 1: Second Quarter 2010 Results Conference Call / Webcast

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 1 Second Quarter 2010 Results Conference Call / Webcast July 29, 2010 2

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

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance and other statements t

  3. Slide 3: Q2 2010 Highlights / First Half 2010 Highlights

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Q2 2010 Highlights ƒ Significant margin expansion ƒ Record net income of $783 M ($0.79/share) ƒ Adjusted net income of $759 M ($0.77/share)(1) ƒ Strong operating cash flow of $1.02 B ƒ Cortez Hills continues to exceed plan ƒ Pueblo V

  4. Slide 4: Q2 2010 Production / Impact of Low Cost Mines

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Q2 2010 Production ounces thousands North America 755 1.94 million African ounces Barrick Australia 132 Pacific 482 South Other 9 America 566 ƒ Total cash costs $457/oz(1) ƒ Net cash costs $358/oz(1) (1) See final slide #1 7 Impact o

  5. Slide 5: Cortez Hills Ramp-up / Pueblo Viejo Project Update

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Cortez Hills ‐ Successful Ramp‐up ƒ Expected to exceed original guidance of 1.08-1.12 Moz at total cash costs of $295-$315/oz in 2010(1,2) – 569,000 ounces produced in first half on higher open pit and underground grades ƒ Supplement

  6. Slide 6: Pascua-Lama Project Update / Cerro Casale Project Update

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Pascua‐Lama Project Update ƒ Initial production expected in Q1 2013 ƒ 750-800 Koz at total cash costs of $20-$50/oz(1,2) ƒ In line with $2.8-$3.0B pre-production capital Cut-off wall platform excavation budget(1) Primary crusher plat

  7. Slide 7: Reko Diq Project Update / Donlin Creek Project Update

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Reko Diq Project Update ƒ Feasibility and ESIA being finalized ƒ ~$3.3 B pre-production capital budget (100%)(1) ƒ First full 5 years (37.5%): – ~100,000 oz gold at total cash costs of $420-450/oz(1,2) – 150-160 M lbs copper at total

  8. Slide 8: Projects in Feasibility / Q2 2010 Financial Results

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Projects in Feasibility Gold Copper Nickel Barrick’s share Barrick’s share of resources(1) of resources(1) M oz B lbs B lbs DONLIN CK. Reko Diq, Pakistan (37.5%) 2.6 ƒ Feasibility and ESIA REKO DIQ KABANGA Inferred being finalized 8.

  9. Slide 9: Q2 2010 Record Financial Results / 2010 Outlook

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Q2 2010 Record Financial Results Net Income Adjusted Operating US$M Net Income(1) Cash Flow 783 US$M 759 US$M 1,019 1019 59 76 42 % % 718 % 492 718 431 Q2 09 Q2 10 Q2 09 Q2 10 Q2 09 Q2 09 Q2 10 Q2 10 (1) See final slide #1 18 2010 Ou

  10. Slide 10: Margin Expansion

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Margin Expansion ~1150 Average Total Cash Costs(1) vs Gold Prices US$ per ounce 695- Margin(1) Avg. Realized Price(1) 985 725 872 519 429 621 545 276 439 265 443 466 425- Total Cash Cost 214 345 455 280 225 05 06 07 08 09 10E (1) See

  11. Slide 11: Strong Financial Position / Dividend Increase

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Strong Financial Position A-Rated Industry’s Highest Rated Balance Sheet $3.9B Cash Balance $1.5B Undrawn Line of Credit $2.1B Strong First Half Operating Cash Flow 20% Dividend Increase All figures as of June 30, 2010 22 Dividend In

  12. Slide 12: Outlook - Bullish on Gold / In Closing

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 2010 Outlook ‐ Bullish on Gold ƒ Price supportive macroeconomic environment: – monetary reflation (high liquidity + low interest rates) – fiscal policies & sovereign debt concerns – trade & current account imbalances ƒ Growth in investmen

  13. Slide 13: Footnotes

    Barrick Gold Corporation Second Quarter 2010 Results July 29, 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 and average realized price are non-GAAP financial measures with no s

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