Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Goldman Sachs Basic Materials Conference 2008

11 slides from Barrick Mining's conference presentation, May 20, 2008

  1. Slide 1: Goldman Sachs Basic Materials Conference

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Goldman Sachs Basic Materials Conference New York – May 20-22, 2008 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation and related material,

  2. Slide 2: First Quarter Highlights and Results

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 First Quarter Highlights ƒ Record earnings before special items ƒ Margin expansion taking hold ƒ Maintaining full year operating guidance ƒ Significant progress on project pipeline ƒ Consolidated 100% of Cortez ƒ Increase

  3. Slide 3: Margin Expansion and Competitive Costs

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Margin Expansion 925 Average Total Cash Costs vs Gold Prices (1) Realized Price US dollars per ounce 532 Margin 619 541 274 439 392 262 366 339 393 Total 180 214 345 Cash Cost 162 179 279 212 225 177 187 02 03 04 05 06 07

  4. Slide 4: Positioned for Rising Prices; A New Paradigm for Gold

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Positioned for Rising Prices ƒ Placer Dome acquisition – strength, breadth, scale – quality portfolio of assets ƒ Assembled industry’s deepest project pipeline ƒ Increased leverage to gold price – operations currently rec

  5. Slide 5: A New Paradigm for Gold; Geopolitical Profile

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 A New Paradigm for Gold ƒ Re-emergence of global inflation ƒ Monetary reflation – negative US real interest rates ƒ Long-term US$ structural issues – twin deficit ƒ Supportive supply/demand fundamentals Geopolitical Profi

  6. Slide 6: Deepest Project Pipeline; Buzwagi Project Update

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Deepest Project Pipeline EXPLORATION FEASIBILITY PERMITTING CONSTRUCTION PRODUCTION Ruby Hill Buzwagi Cortez Hills Pueblo Viejo Pascua-Lama Cerro Casale Donlin Creek Reko Diq Sedibelo Fedorova Kabanga New Projects Buzwagi

  7. Slide 7: Cortez Hills and Pueblo Viejo Project Updates

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Cortez Hills Project Update ƒ On schedule and budget ƒ Capex: $480-500 M(1) – 50% committed or spent ƒ +10 year mine life ƒ 1 Moz/yr(2,4) producer ƒ Cash costs $280-290/oz (2,3,4) ƒ Record of Decision expected in H2 2008

  8. Slide 8: Other Advanced Gold Projects; Non-Gold Projects

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Other Advanced Gold Projects ƒ All in feasibility stage Donlin Creek, Alaska Reko Diq, Pakistan Cerro Casale, Chile Pascua-Lama, Chile/Argentina Non-Gold Projects ƒ Feasibility studies on PGM projects in 2008 Kabanga Nick

  9. Slide 9: Sedibelo Feasibility Completed; Focused Exploration

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Sedibelo Feasibility Completed BOTSWANA Gaborone Sedibelo Pretoria Potential Mine - Plan View Johannesburg SOUTH AFRICA Camp Open Pit LESOTHO Declines and Infrastructure Processing INDIAN OCEAN Cape Town ATLANTIC OCEAN 0

  10. Slide 10: Barrick's Superior Returns; Valuation Multiples

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Barrick’s Superior Returns Asset Mix Performance – to Dec. 31, 2007 % total return 1 year 3 years 5 years DXY (US$ index) -8.3 -5.1 -24.7 3 month US T-Bill 5.0 13.5 16.3 S&P 500 5.5 28.2 82.9 Gold 31.0 90.2 139.6 ABX (US)

  11. Slide 11: Barrick Gold Corporation; Footnotes

    BARRICK GOLD CORPORATION Goldman Sachs Basic Materials Conference May 20, 2008 Barrick Gold Corporation ƒ Deep project pipeline ƒ Operating and mine building expertise ƒ Largest reserve base on prolific trends ƒ Strong financial position ƒ Gold price leverage - right now and in the future Footnotes

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