Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Corporate Update (November 2005)

44 slides from Barrick Mining's corporate update, Nov 14, 2005

  1. Slide 1: Goldstrike Tour – November 2005

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estima

  2. Slide 2: North American Region – Focus Areas for Value Creation

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 NORTH AMERICAN REGION – FOCUS AREAS FOR VALUE CREATION BARRICK’ BARRICK’S STRATEGIC OBJECTIVES 1.0 FOCUS ON ENVIRONMENT, HEALTH & SAFETY 2.0 DELIVER RESULTS 3.0 STRENGTHEN OUR ORGANIZATION 4.0 GROW THE BUSINESS BARRICK GOLDSTRIKE MINE TOUR – N

  3. Slide 3: Human Resources

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Human Resources ƒ Turnover not a significant issue at Barrick mines ƒ Remain competitive ƒ Maintain good work environment – be team players ƒ Exporter of talent to other regions and Toronto 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2000 2001

  4. Slide 4: Cost Pressures

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Cost Pressures ƒ Natural Gas Natural gas prices may leap 71% ƒ Iron ore increases 80% Baosteel Accepts 71.5 Per Cent Iron Ore Price Increase ƒ Record Oil Prices & Propane Prices ƒ Strong “Looney” Higher and higher -- again: Gasoline prices set

  5. Slide 5: Continually Improve

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Continually Improve ƒ “Every person going home safe. . .” ƒ Manage Commodity Consumption ƒ Energy Management ƒ Continuous Improvement ƒ Manage Labor BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Barrick’s Vision: “ To be the world’s best gold c

  6. Slide 6: Western Project - Location

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Western 102 Project - Location BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Western 102 Project Construction/Plant Details ƒ Contract to Wartsila for engineering, procurement and construction. ƒ 14 – 8.4 Megawatt gensets ƒ Net 115.6 MW Plant T

  7. Slide 7: Western Project - Environmental

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Western 102 Project - Environmental ƒ Zero discharge design ƒ Closed loop – water glycol cooling system ƒ Very low water usage (+/- 200 gallons per day) ƒ Emission control – Selective Catalytic Reduction (SCR) ƒ Noise abatement – soundproofed

  8. Slide 8: Western Project - Engine Hall B

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Western 102 Project - Engine Hall B BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Western 102 Project - SCR Emissions Control BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 8

  9. Slide 9: Ruby Hill – East Archimedes

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Eskay Creek British Columbia CANADA Ruby Hill – Goldstrike U N I T E D S T A T E S Hemlo Ontario Toronto East Archimedes Marigold Head Office Salt Lake City East Archimedes Regional Office Round Mountain Eureka, Nevada Nevada Eureka, NV Pit We

  10. Slide 10: Ruby Hill - Mining in July

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Phase 5A - pre-permitting - 7,460 K tons waste BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Ruby Hill - Mining in July BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 10

  11. Slide 11: Round Mountain – Pit Expansion Evaluation

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Eskay Creek Round Mountain British Columbia CANADA Nevada Hemlo Ontario Goldstrike U N I T E D S T A T E S Toronto Marigold Head Office ƒ Barrick ownership: 50% East Archimedes Round Mountain Salt Lake City Regional Office Nevada ƒ Operator: K

  12. Slide 12: Round Mountain – U/G Exploration Project

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Round Mountain – U/G Exploration Project ƒ Plan: 6,400 feet of drift development 39,500 feet of underground drilling ƒ Contract signed May 31 with J.S. Redpath ƒ First portal shot on July 5 ƒ Portal and surface facilities under construction ƒ

  13. Slide 13: Exploration (4) – Nevada

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Exploration BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 OREGON IDAHO Exploration (4) – Nevada CALIFORNIA NEVADA Goldstrike Mine Marigold Mine ELKO Ca ell UTAH rli tch Ba n ttl Ge e M Power Plant ou Project nt ai n East Archimedes Project RENO

  14. Slide 14: Goldstrike and Carlin Trend 2005 Projects

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike and Carlin Trend ROSSI 2005 Projects REN STORM DEE MEIKLE RODEO BETZE/POST GOLDSTRIKE GENESIS W. LEEVILLE Simon Creek JV CARLIN CARLIN VALLEY GOLD QUARRY 0 2.5 5 M ILES BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Goldstrike - Prope

  15. Slide 15: Goldstrike 2005 Exploration Program

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike 2005 Exploration Program ƒ 160,000’ drilling completed YTD ƒ Program is testing 9 projects in Target Delineation to Reserve Development stages ƒ Focus on North Post, PFZ North, North Pit and South Pit resource/reserve development ƒ

  16. Slide 16: Goldstrike – Betze-Post Drift Project

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike – Betze-Post Drift Project N BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Goldstrike – Betze-Post Drift Project N BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 16

  17. Slide 17: Dee/Rossi – Nevada

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 NORTH POST Goldstrike – Underground Exploration FA UL T ST PO RODEO 1,520 m EAST GRIFFIN 1,220 m EXTENSION 610 m WEST RODEO MEIKLE 920 m WEST GRIFFIN 2,130 m BARREL BANSHEE 3,050 m SOUTH MEIKLE PLAN VIEW SURFACE TOPO WEST EAST SOUTH EXTENSION

  18. Slide 18: Dee/Rossi 2005 Program

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Dee/Rossi 2005 Program ƒ 1,250’ UG Development, 34,000’ UG Core drilling and 32,800’ Surface RC Drilling in seven target areas ƒ 967’ UG Development, 23,570’ of UG Core drilling in End Zone, Discovery Zone and Dee UG / SW Pit completed YTD ƒ P

  19. Slide 19: Dee - 2005 UG Drill Plan

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Dee - 2005 UG Drill Plan End Zone 2005 Modeled Shape 0.200 opt AU Meridian / Glamis Property Line 5,930 ft. UG Deep North 2005 Drilling YTD Modeled Shape 0.200 opt AU 2005 50 ft. New Drift DC03 Station U D N 291000N 268000E 200 ft. BARRICK GOL

  20. Slide 20: Dee Property South Arturo Target

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 DEE PROPERTY Storm Deposit South Arturo Target Drill Hole Locations Waste Rock Quaternary Alluvium Tertiary Carlin Formation Ordovician Vinini Fm DEE Pit Devonian Rodeo Creek Fm BD-81 A’ Devonian Bootstrap Limestone BD-78 BD-79 BD-75 BD-73 Sil

  21. Slide 21: Ruby Hill 2005 Program

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Ruby Hill 2005 Program ƒ 34,500’ combined RC and Core drilling planned ƒ Targets include Deep East Archimedes, East Holly, TL Shaft ƒ 23,000’ drilling completed YTD ƒ Positive results at Deep East Archimedes and TL Shaft ƒ Deep Blanchard and R

  22. Slide 22: Deep East Archimedes

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Deep East Archimedes West Archimedes 6000 East Archimedes East Archimedes Layback 0 500 1000 meters Deep East 5000 Archimedes Ruby Deeps Target 4000 13000 12000 10000 11000 BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Round Mountain Joint Vent

  23. Slide 23: Round Mountain JV - 2005 Program YTD

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Round Mountain JV - 2005 Program YTD West Sinter - Deep Vein Target ƒ 2 RC/core holes totaling 3,680’ completed ƒ Narrow, low to moderate grade vein intercepts in both holes AMI Exploration Program ƒ Targets Identified Include: North Pediment,

  24. Slide 24: Marigold JV 2005 Exploration Targets Summary

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Marigold JV 2005 Exploration Targets N Reserve Areas 80 Property Boundary VALMY 1 Mile Resource Areas Exploration Targets Current Marigold Mine 5 NE Area x 32S Section 32 8N Deep 8 Valmy Pits Basalt Target 5N X Pit Antler Pit TZN Target/ Macka

  25. Slide 25: Welcome to Barrick Goldstrike

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Welcome to Barrick Goldstrike BARRICK BARRICK GOLDSTRIKE GOLDSTRIKE MINE MINE TOUR TOUR – NOVEMBER – NOVEMBER 2005 2005 Goldstrike Property Meikle Roaster Rodeo Autoclave Open Pit Administration BARRICK BARRICK GOLDSTRIKE GOLDSTRIKE MINE MINE

  26. Slide 26: Goldstrike’s History

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike Property Autoclave Betze-Post Betze-Post Roaster Rodeo Rodeo Meikle Meikle BARRICK BARRICK GOLDSTRIKE GOLDSTRIKE MINE MINE TOUR TOUR – – NOVEMBER 2005 Goldstrike’s History ƒ Purchased property in 1986 for $62 million ƒ Oxide heap-le

  27. Slide 27: Goldstrike’s Contribution

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike’s Contribution 2005E 2004 Production Reserves Goldstrike 6% 37% Other N. America 22% 16% South America 47% 25% 22% Australia/Africa 25% BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Goldstrike’s Decision Making Priorities Human Safet

  28. Slide 28: Goldstrike’s Safety Performance

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike’s Safety Performance MSHA Reportable Injuries – 2001-2005 60 50 2001 - 50 2002 - 44 40 2003 & 2004 - 38 30 2005 YTD - 27 20 10 0 Jan Feb Mar April May June July Aug Sept Oct Nov Dec BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Golds

  29. Slide 29: Goldstrike’s Community Contribution

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike’s Community Contribution ƒ Employ 1,600 highly trained and skilled mining professionals ƒ $70 million to communities, schools and charities since 1986 BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Goldstrike’s Production - 2005 estim

  30. Slide 30: The Outlook for Goldstrike

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 The Outlook for Goldstrike The Next Chapter ƒ Cost containment ƒ Enhancement initiatives ƒ Leverage existing infrastructure ƒ Reserve additions BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Peer Group – Cash Cost Increases (Compound Annual Incr

  31. Slide 31: Open-Pit Operations

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Open-Pit Operations BARRICK GOLDSTRIKE BARRICK MINE GOLDSTRIKE TOUR MINE – NOVEMBER TOUR 2005 – NOVEMBER 2005 Open-Pit – Current Dimensions 9900’ 9900’ 7500’ 7500’ 1500’ 1500’ BARRICK BARRICK GOLDSTRIKE GOLDSTRIKE MINE MINE TOUR TOUR – NOVEMBE

  32. Slide 32: Open Pit Operations

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Open Pit Operations ƒ Conventional large truck / shovel operation ƒ Operated 24 hours per day ƒ Approximately 600 people BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Open Pit Operations – Major Equipment ƒ Loading Fleet 4 P&H 2800’s 1 Hitachi

  33. Slide 33: Open-Pit – Mining Rates

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Open-Pit – Mining Rates (000’s) 2001 2002 2003 2004 2005E Tons mined 154,233 142,898 141,693 134,212 132,445 Tons per day 433 401 398 376 370 Tons of ore 17,412 14,552 9,589 9,434 9,253 Grade mined 0.15 0.14 0.20 0.16 0.18 (oz/ton) Reserve gra

  34. Slide 34: Open-Pit – Haul Truck Tire Life

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Open-Pit – Haul Truck Tire Life Since Oct 2002, focus on improving tire life through awareness, improved technology, and behaviors has led to 50+% increase in life of $22K truck tires. BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Open-Pit – TE

  35. Slide 35: Open-Pit – Weird II

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Open-Pit – Weird II In 2005, performed a 2-month underground mining project from the pit where 20,508 tons were mined, producing 10,647 ounces of gold profitably. BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Open-Pit – Unit Mining Costs Tons M

  36. Slide 36: Underground Operations

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Underground Operations BARRICK BARRICK GOLDSTRIKE GOLDSTRIKE MINE MINE TOUR TOUR – NOVEMBER – NOVEMBER 2005 2005 Underground Operations roaster roaster Rodeo Meikle BARRICK BARRICK GOLDSTRIKE GOLDSTRIKE MINE MINE TOUR TOUR – NOVEMBER – NOVEMBE

  37. Slide 37: Underground Operations

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Underground Operations ƒ Accessed by shaft ƒ Operated 24 hours per day ƒ Approximately 500 people ƒ Mining Methods – drift and fill – long hole open stope BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Underground – Mining Rates (000’s) 2001 200

  38. Slide 38: Underground – Reducing Costs / Improving Productivity

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Underground – Reducing Costs / Improving Productivity ƒ Increase employee involvement ƒ Improve approach to maintenance ƒ Alternative mining methods ƒ Operational Improvements BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Underground – 5S Initi

  39. Slide 39: Underground – Betze Drift Project

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Underground – Betze Drift Project BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Underground – Unit Mining Costs (per ton) $80 $71.28 $70 $60 $58.39 $60.60 $50 $46.60 $44.98 $50.08 $43.07 $39.46 $40 $35.53 $38.12 $30 1996 1997 1998 1999 2000 200

  40. Slide 40: Processing

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Processing BARRICK BARRICKGOLDSTRIKE GOLDSTRIKEMINE MINETOUR TOUR––NOVEMBER NOVEMBER 2005 Processing ƒ Two processing facilities – Autoclave – Roaster ƒ Operated 24 hours per day ƒ Approximately 430 people BARRICK GOLDSTRIKE MINE TOUR – NOVEMB

  41. Slide 41: Processing – 2005 Estimated Throughput

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Processing There are two types of gold ore: Single refractory - the gold is locked in sulfide mineral particles that must be oxidized to expose the gold for cyanide leaching. The autoclaves do this function effectively. Double refractory - the

  42. Slide 42: Processing – Throughput Rates

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Processing – Throughput Rates $17.80 $16.59 $16.38 $15.83 Processing $15.19 Cost/Ton 15,000 13,012 12,301 12,554 12,218 Tons per year (million) 10,563 10,000 5,846 5,888 6,124 5,940 Roaster 4,711 5,000 6,455 6,330 6,888 6,614 5,852 Autoclave 0

  43. Slide 43: Processing – Reagent Optimization

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Processing – Reagent Optimization Propane Consumption – gallons per ton 3.00 Autoclave 2.50 2.00 1.50 Linear (Autoclave) 1.00 Roaster 0.50 Jan 01 Apr 01 Jul 01 Jan 02 Jul 02 Jan 03 Jul 03 Jan 04 Oct 01 Apr 02 Oct 02 Apr 03 Oct 03 Apr 04 Jul-05

  44. Slide 44: Summary – Goldstrike

    BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Summary – Goldstrike ƒ Reliable mine generating strong earnings and cash flow ƒ Management team focused on maximizing the value of assets ƒ Excellent potential to expand reserves particularly in a strong gold price environment BARRICK GOLDSTRI

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