Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Denver Gold Forum 2006
10 slides from Barrick Mining's conference presentation, Sep 26, 2006
Slide 1: Delivering Value … From Assets, People & Projects
Barrick Gold Denver Gold Forum September 26, 2006 Delivering Value … From Assets, People & Projects Denver Gold Forum | September 26, 2006 Important Information CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, includ
Slide 2: Important Information
Barrick Gold Denver Gold Forum September 26, 2006 Important Information ADDITIONAL DISCLOSURE On August 4, 2006, Barrick Gold Corporation filed a tender offer statement related to its tender offer for the outstanding common shares of NovaGold Resources Inc. Investors and security holders of NovaGold
Slide 3: Recent Highlights and Placer Dome Acquisition
Barrick Gold Denver Gold Forum September 26, 2006 Barrick Gold Corporation Recent Highlights Completed acquisition of Placer Dome Record financial results Advancing projects and exploration targets Concluded Goldcorp transaction for $1.6 billion Agreement to sell South Deep for $1.525 bill
Slide 4: Expanded Margins / 2006 First Half Performance
Barrick Gold Denver Gold Forum September 26, 2006 Expanded Margins Total Cash Costs and Margins $592 US dollars per ounce $537 Realized Price $467 $427 $254 $311 $217 $246 Margin $283 $281 $210 $221 Total Cash Cost 3Q 2005 4Q 2005 1Q 2006 2Q 2006 2006 First Half Performance Production Cash Costs Net
Slide 5: Industry Trends / Responding To The Trends
Barrick Gold Denver Gold Forum September 26, 2006 Industry Trends Higher and more volatile gold price environment Few major new discoveries (reserve replacement is challenging) Attractive resources are scarce and located in increasingly higher risk regions Capital and operating cost inflatio
Slide 6: Strength, Breadth and Scale / Increasing Reserves
Barrick Gold Denver Gold Forum September 26, 2006 Strength, Breadth and Scale Russia/Central Asia North America South Africa America Australia Mines Projects Increasing Reserves P&P 139 (3)(4) 140 Gold Reserves ounces millions 120 100 80 60 38 40 20 0 1994 1995 1996 1997 1998 1999 2000 2001 2002 200
Slide 7: Replacing Production / Project Pipeline
Barrick Gold Denver Gold Forum September 26, 2006 Replacing Production (4)(5) Gold Mineralization millions of ounces at December 31, 2005 Existing Operations P&P Development Projects 106 M+I P&P 55 Inferred 33 30 8.6-8.9 2006E Original Production Guidance Range (4) refer to final slide point #4 (5)
Slide 8: Barrick's Offer for NovaGold
Barrick Gold Denver Gold Forum September 26, 2006 Barrick’s Offer for NovaGold REALITY: All cash offer of $14.50 per share Significant premium to: – Price preceding the July 2006 bid ($11.67/share) – February 2006 equity issue price ($11.75/share) Mitigates significant permitting, development,
Slide 9: Barrick's Offer for NovaGold / The Case for Barrick
Barrick Gold Denver Gold Forum September 26, 2006 Barrick’s Offer for NovaGold MYTH: NovaGold contends that Barrick's Offer is inadequate REALITY: Barrick's all-cash Offer represents fair value and a significant premium for NovaGold shareholders NovaGold Share Price Performance (AMEX) $18.00 $75
Slide 10: Footnotes
Barrick Gold Denver Gold Forum September 26, 2006 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 expense and inventory purchase accounting adjustments. For further information on this performanc