Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Global Mining Forum, London 2004

14 slides from Barrick Mining's conference presentation, May 4, 2004

  1. Slide 1: Building Mines, Building Value

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Building Mines, Building Value Asset Base – Mines and Projects ƒ Solid base in OECD countries ƒ 12 operating mines and 4 major projects: – 86 M oz of gold reserves – 25 M oz of gold mineral resources – 835 M oz of silver within repo

  2. Slide 2: Target Production 2004-2007

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 NORTH AMERICA Eskay Creek Geopolitical Hemlo Holt-McDermott Diversity Meikle Betze-Post 2004E 2003 Round Mt. PRODUCTION RESERVES 28% 60% 44% 15% SOUTH AMERICA EAST AFRICA 13% 20% 13% 7% Tulawaka Bulyanhulu AUSTRALIA Alto Chicama Pie

  3. Slide 3: Building Mines – Veladero, Argentina

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Building Mines – Veladero, Argentina POTENTIAL ƒ Gold reserves: 11.1 M oz ƒ Production E: 525–550,000/yr ƒ Average cash cost E: $155–165/oz (subject to exchange rate fluctuations and applicable export duties) PLAN ƒ 2 open pits - cr

  4. Slide 4: Building Mines – Alto Chicama, Peru and Cowal, Australia

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Building Mines – Alto Chicama, Peru Lagunas Norte Deposit POTENTIAL ƒ Gold reserves: 7.2 M oz ƒ Production E: 535–560,000/yr ƒ Average cash cost E: $135–145/oz PLAN ƒ Open pit - crushing/leaching ƒ Capital costs E: $340M Building Mi

  5. Slide 5: Building Mines: Tulawaka and Kabanga; Resources to Execute Strategy

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Building Mines Tulawaka, Tanzania ƒ EIS and project approval Q4 2003 ƒ Construction commenced Q1 2004 ƒ Production expected Q1 2005 Kabanga, (nickel project) Tanzania ƒ Falconbridge partnership ƒ Barrick can focus on gold ƒ Expectat

  6. Slide 6: Financial Strength

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Resources to Execute Strategy Financial Strength ƒ “A” rated balance sheet ƒ Capable of self-financing our development program without equity dilution ƒ Adopted a no-hedge policy ƒ 17% of reserves at end of Q1 2004 Building Mines Bu

  7. Slide 7: Beyond 2007 – Pascua-Lama

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Beyond 2007 ƒ Pascua-Lama – world-class long life asset – part of a new mining camp with Veladero – updated feasibility study expected mid year ƒ Consistent investment in exploration ƒ Opportunistic acquisitions Building Mines Build

  8. Slide 8: Beyond 2007 – Exploration Strategy

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Beyond 2007 – Exploration Strategy ƒ More than 95 projects in 9 countries ƒ > 2 million ounce gold deposits ƒ High priority regions (Peru, Chile/Argentina, USA, Tanzania, Australia, FSU) EXPLORATION & BUSINESS DEVELOPMENT ƒ Optimize

  9. Slide 9: Reserve Replacement and Growth

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Reserve Replacement and Growth RESERVE GROWTH THROUGH ACQUISITION AND EXPLORATION proven and probable – millions of ounces Exploration 86 ƒ Overall finding cost $11/oz ƒ On-property finding cost $3/oz 76 20 Acquisitions 4 52 46 Dive

  10. Slide 10: Robust and Balanced Pipeline

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Robust and Balanced Pipeline STAGE BUDGET Dee, Rossi, Reserve Development Goldstrike, 26% E. Arch, Chocolate Reef Goldstrike S. Pit, Advanced Drilling Ruby Hill, Ren 19% +4 other projects La Paloma, Mount Gibson, Drill Testing 21% W

  11. Slide 11: CIS – Barrick's Strategy

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 CIS – Barrick’s Strategy ƒ Barrick has a 3-pronged strategy in CIS: 1. Acquisition of major assets with partner(s) – We are continuously reviewing project opportunities 2. Continuing our exploration program – Several active projects

  12. Slide 12: Nature of the Russian Gold Sector

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Nature of the Russian Gold Sector ƒ Fifth largest global gold producer in 2002 ƒ Reserves are estimated to be 300-500 M oz ƒ Production increased 9%/yr 1999-2002 ƒ Key growth factors include: – Higher US$ gold price and a weaker rou

  13. Slide 13: Highland Gold – Strategic Partnership

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 Highland Gold – Strategic Partnership Highland Gold Barrick Gold ƒ Russian contacts ƒ Global scope and and experience experience ƒ Operational + ƒ Exploration focus experience ƒ Expertise developing ƒ Growth platform greenfields pro

  14. Slide 14: Forward Looking Statement

    BARRICK GOLD CORPORATION Global Mining Forum London – May 4-5, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estimates of our future performance, con

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