Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Shareholder Meeting (April 2009)

21 slides from Barrick Mining's shareholder meeting presentation, Apr 29, 2009

  1. Slide 1: Annual General Meeting 2009

    Barrick Gold Corporation Annual General Meeting 2009 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 statements that express management's

  2. Slide 2: The Gold Industry Leader

    Barrick Gold Corporation Annual General Meeting 2009 The Gold Industry Leader Top 10 One of Canada’s Largest Companies 138.5Moz Largest Gold Reserves(1) 7.7Moz Largest Gold Production in 2008 ‘A’ rated Industry’s Highest Rated Balance Sheet (1) See final slide #1 up 5.8% Gold in 2008 Euro - 4.2% Yen

  3. Slide 3: Barrick in 2008

    Barrick Gold Corporation Annual General Meeting 2009 Barrick in 2008 ƒ Generated record operating cash flow ƒ Maintained strong financial position ƒ Met gold production target ƒ Grew reserves and resources ƒ Advanced 3 lower cost projects ƒ Selected for Dow Jones Sustainability (World) Index 2008 Fi

  4. Slide 4: Expanding Margins

    Barrick Gold Corporation Annual General Meeting 2009 Average Realized Price(1) 870 Expanding Margins Total Cash Costs(1) vs Gold Prices 619 427 US$ per ounce 543 Cash Margin(1) 439 274 392 263 443 214 Cash 180 345 Cost 280 212 225 (1) See final slide #2 04 05 06 07 08 Average Realized Price(1) 870 E

  5. Slide 5: Goldstrike Nevada

    Barrick Gold Corporation Annual General Meeting 2009 ounces thousands North 2008 America 3,028 Production Africa 545 7.66 Moz South Australia America Pacific 2,111 1,942 Other 31 Goldstrike Goldstrike Nevada 5

  6. Slide 6: Cortez and Lagunas Norte

    Barrick Gold Corporation Annual General Meeting 2009 Cortez Cortez Nevada Lagunas Norte Peru Lagunas Norte 6

  7. Slide 7: Porgera, Papua New Guinea: Growing Reserves & Resources

    Barrick Gold Corporation Annual General Meeting 2009 Porgera Papua New Guinea Porgera P&P Reserves M&I Resources Inferred Growing +11% +29% Resources 138.5 65.0 +9% 34.8 Reserves & 13.9 14.4 2.9 31.9 Resources (1) 124.6 50.6 ounces millions (1) See final slide #1 07 08 07 08 07 08 7

  8. Slide 8: Growing Reserves & Resources

    Barrick Gold Corporation Annual General Meeting 2009 34.8 Growing 31.9 Inferred Resources 65.0 Reserves & 24.9 50.6 M+I Resources Resources (1) 35.0 138.5 ounces millions 12.4 123.1 124.6 P&P 17.6 Reserves 88.6 (1) See final slide #1 05 06 07 08 Copper Reserves Copper Resources Contained Silver Grow

  9. Slide 9: Balanced Portfolio; Barrick in Q1 2009

    Barrick Gold Corporation Annual General Meeting 2009 North Balanced America 37% Africa 13% Portfolio South Australia Pacific 138.5 Moz America 14% 36% Barrick in ƒ Gold production of 1.76 Moz (1) – net cash costs of $404/oz Q1 2009 – total cash costs of $484/oz (1) ƒ Copper production of 95 Mlbs at

  10. Slide 10: New Lower Cost Projects

    Barrick Gold Corporation Annual General Meeting 2009 New Lower Cost Projects ounces thousands Q1 2010 1st production(2) Cortez Q4 2011 ~2.0 Hills 1st production million Pueblo lower cost Viejo Q2 2009 1st production ounces(1) Buzwagi (1) See final slide #4 (2) See final slide #5 ƒ First gold pour ex

  11. Slide 11: Cortez Hills and Pueblo Viejo

    Barrick Gold Corporation Annual General Meeting 2009 Cortez Hills Cortez ƒ First production expected in Q1 2010(1) ƒ ~1.0 Moz/year(1) ƒ Total cash costs of ~$350-$400/oz(2) ƒ In line with $500 M(2) capital budget (1) See final slide #5 (2) See final slide #6 Pueblo Viejo ƒ Long life, low cost mine ƒ

  12. Slide 12: Pascua-Lama and Next in Line Gold Projects

    Barrick Gold Corporation Annual General Meeting 2009 Pascua-Lama Camp Veladero Next in Line Tailings Truckshop ƒ Gold reserves 17.8 Moz(1) Process Plant ARGENTINA (1) ƒ Contained silver 717.6 Moz CHILE ƒ Low cash costs Pascua-Lama Orebody ƒ +20 year mine life Crushing & Conveyor Head (1) See final s

  13. Slide 13: Strong Financial Position

    Barrick Gold Corporation Annual General Meeting 2009 Strong Financial Position A-Rated A-Rated Industry’s Highest Rated Balance Sheet $2.1B $2.1B Cash Balance $1.5B $1.5B Undrawn Line of Credit 0.27:1 0.27:1 Debt to Total Capitalization $2.2B $2.2B Record 2008 Cash Flow As of March 31, 2009. Local /

  14. Slide 14: Building Capacity; Investing in Education

    Barrick Gold Corporation Annual General Meeting 2009 Building Capacity in Developing Regions Investing in Education ƒ Schools ƒ Scholarships ƒ Training for teachers ƒ Adult Literacy 14

  15. Slide 15: The Atacama Commitment; Supporting Indigenous Communities

    Barrick Gold Corporation Annual General Meeting 2009 The Atacama Commitment ƒ Homes for 700 families ƒ Computer technology for 12 schools ƒ Services for disabled children Supporting Indigenous Communities ƒ Agreement with Western Shoshone in Nevada ƒ New Wiradjuri Cultural Studies Centre ƒ Support t

  16. Slide 16: Investing in Health; Protecting our Environment

    Barrick Gold Corporation Annual General Meeting 2009 Investing in Health ƒ World Vision and Barrick improving child nutrition in Peru ƒ Fighting HIV/AIDS and AMREF/Colin O’Connor malaria in Tanzania ƒ Lake Zone Health Initiative Protecting our Environment ƒ Investments in renewable energy ƒ Industry

  17. Slide 17: The Gold Market

    Barrick Gold Corporation Annual General Meeting 2009 The Gold Market Gold has re-emerged as an important asset class Global 60 Gold Price and Global Liquidity (year-over-year percentage change) 42 Reflation 48 35 36 28 ƒ Money supply 24 21 increases have led to higher 12 14 gold prices 0 7 -12 0 Glo

  18. Slide 18: Gold ETF Demand at Record Levels

    Barrick Gold Corporation Annual General Meeting 2009 ETF Holdings (Moz) 55 Gold ETF Demand 50 at Record Levels Surging ETF inflows 45 40 Gold Price (US$/oz) 1000 35 900 30 800 25 700 20 600 15 500 10 400 5 Source: UBS Jan-05 Apr-05 Jul-05 Oct-05 Jan-06 Apr-06 Jul-06 Oct-06 Jan-07 Apr-07 Jul-07 Oct-0

  19. Slide 19: Mine Supply Declining; Bullish on Gold

    Barrick Gold Corporation Annual General Meeting 2009 Gold Production (millions of ounces) Mine Supply 85 Declining 80 75 Barrick 70 estimate 65 Sources: GFMS for historical production 60 Barrick for 2009-2011 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 ƒ Geo-political and financial risks Bull

  20. Slide 20: Exceptional Gold Leverage

    Barrick Gold Corporation Annual General Meeting 2009 Exceptional Gold Leverage ƒ Largest production in place now – quality portfolio anchored in investment grade countries ƒ Industry’s largest reserves – proven track record of replacement ƒ Continued growth in resources – across the board increases

  21. Slide 21: Gold vs the S&P

    Barrick Gold Corporation Annual General Meeting 2009 Gold Gold vs the S&P US$/oz 1000 S&P Index 1800 750 1400 500 1000 250 600 0 2002 2003 2004 2005 2006 2007 2008 2009 Footnotes 1. Calculated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Fo

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