Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Euromoney Gold Investment Summit 2004

15 slides from Barrick Mining's conference presentation, Nov 4, 2004

  1. Slide 1: Barrick Gold Corporation – Euromoney Gold Investment Summit

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that

  2. Slide 2: Gold Market – A Sustainable Rally

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Gold Market – A Sustainable Rally Gold Price: January 1, 1975 to present in actual dollars 900 800 700 600 500 400 300 200 100 1975 1976 1977 1978 1979 198

  3. Slide 3: Gold Market – Strong Fundamentals

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Gold Market – Strong Fundamentals Demand ƒ Jewelry/Fabrication – slow but steady growth ƒ Dehedging – establishes floor price ƒ Investment – significant po

  4. Slide 4: US Current Account Deficit

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 US Current Account Deficit US$ billions 200 0 -200 -400 -600 -800 $1 trillion projected -1000 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 S

  5. Slide 5: Growth – Few Large Projects

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Growth – Few Large Projects 3,500,000 Veladero 7 Pascua 3,000,000 Alto Chicama 2,500,000 4 New Production (oz) 2,000,000 1,500,000 3 1,000,000 1 500,000 0

  6. Slide 6: Rising Costs – Inflationary Pressures

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Rising Costs – Inflationary Pressures ƒ Industry-wide cost pressures due to rising consumable costs: – Steel – Concrete – Explosives – Tires – Energy – etc

  7. Slide 7: Industry challenge: Barrick's response

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Industry challenge: Barrick’s response: 1) Declining reserves ƒ Focus on reserve and production replacement and growth; production growing by 40% from 2004

  8. Slide 8: Industry challenge: Barrick's response

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Industry challenge: Barrick’s response: 6) NGO/government ƒ Barrick has strong track scrutiny record; remains priority for management 7) Lack of industry ƒ

  9. Slide 9: Quality Reserve Base

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Quality Reserve Base ƒ Reserves: 86 M oz (proven & probable) (1) ƒ Resources: 25 M oz (measured & indicated) ƒ Resources: 17 M oz (inferred) P&P Reserves ƒ

  10. Slide 10: Building Mines – Current Projects

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Building Mines – Current Projects Construction Avg. 10 year Avg. 10 year Project Reserves Capital Est Production Total Cash Cost 2004 - 2007 oz/millions US

  11. Slide 11: Building Mines – Veladero, Frontera District, Argentina

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Building Mines – Veladero, Frontera District, Argentina ƒ Mine development 50% complete ƒ Permanent camp completed ƒ Access road construction completed ƒ S

  12. Slide 12: Building Mines – Lagunas Norte, Alto Chicama, Peru

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Building Mines – Lagunas Norte, Alto Chicama, Peru ƒ Mine development 55% complete ƒ Access road construction completed ƒ Powerline 70% complete (completio

  13. Slide 13: Beyond 2007

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Beyond 2007 ƒ Reserve replacement and growth ƒ Pascua-Lama – positive decision to proceed – world-class, long-life, low cash cost asset – part of new Front

  14. Slide 14: Beyond 2007 – Exploration Investment

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 Beyond 2007 – Exploration Investment ƒ Barrick’s exploration spending has been consistent US$ millions 83 79 69 69 67 66 59 400 56 350 Spot Gold Price 300

  15. Slide 15: Note on Reserves

    Barrick Gold Corporation – Euromoney Gold Investment Summit Gregory C. Wilkins – President and Chief Executive Officer London – November 4, 2004 NOTE ON RESERVES 1. Based on reserves calculated as at December 31, 2003 using an assumed price of $325 per ounce for gold and $4.75 per ounce for silver,

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