Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — CIBC Whistler Institutional Investor Conference 2010

10 slides from Barrick Mining's conference presentation, Jan 22, 2010

  1. Slide 1: The Gold Industry Leader

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 The Gold Industry Leader CIBC Whistler Institutional Investor Conference January 2010 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any informat

  2. Slide 2: Key 2009 Priorities and Progress

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Key 2009 Priorities and Progress ƒ Meet production and cost targets ƒ Advance new projects expected to bring on low cost production – Buzwagi ramped up successfully – Pueblo Viejo and now Pascua-Lama are on track –

  3. Slide 3: Outlook - Bullish on Gold

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Outlook ‐ Bullish on Gold ƒ Price supportive macroeconomic environment: – Low interest rates – Increased liquidity – Fiscal policies ƒ Growth in investment demand ƒ Central banks become net buyers ƒ Diversification

  4. Slide 4: Gold Reserves in Emerging Economies

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Gold Reserves in Emerging Economies Gold as a percent of total reserves 90 US 80 France Germany 70 Italy 60 50 40 30 20 200t purchase from IMF 10 India Russia Taiwan Japan AFTER BEFORE China 0 Source: DundeeWealth

  5. Slide 5: Elimination of Gold Hedges

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Elimination of Gold Hedges ƒ Transaction Rationale: – Positive outlook for gold price – Deleverage overall financial position – Investor preference for unhedged producers ƒ Announced elimination of all Gold Hedges

  6. Slide 6: Margin Expansion

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Margin Expansion Net TotalCash CashCosts Costs vsvsGold (1)(1) GoldPrices Prices +$1100 Current Spot US$ per ounce Avg. Realized Price(1) 940 873 564 Margins 536 621 545 393 439 344 214 376 Net Cash Cost 337 225 20

  7. Slide 7: History of Project Execution

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 History of Project Execution ƒ Proven track record of Exploration Pipeline Donlin Creek FEASIBILITY successful development Cerro Casale of reserves and resources Reko Diq Kabanga Pascua-Lama CONSTRUCTION Pueblo Vie

  8. Slide 8: Pueblo Viejo Project Update

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Pueblo Viejo Project Update ƒ +1 Moz/yr(1) at total cash costs of $275-$300/oz(2) ƒ 600-650 Koz to Barrick’s account(1) ƒ 60% of capital committed Plantsite Construction ƒ SLA amendments ratified Ball Mill Section

  9. Slide 9: Projects in Feasibility

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Projects in Feasibility Gold Copper Nickel Barrick’s share ounces millions pounds billions pounds billions of reserves and resources(1) 12.3 1.12 Inferred 8.5 Inferred Inferred Unrecognized 28.6 value in M+I Reko D

  10. Slide 10: Footnotes

    Barrick Gold Corporation CIBC Whistler Institutional Investor Conference January 2010 Footnotes 1. Net cash costs per ounce, net cash margin per ounce, total cash costs per ounce and realized price are non-GAAP financial measures with no standardized meaning under US GAAP. See pages 40-45 of Barrick

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