Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Goldman Sachs 13th Annual Cyclicals Conference (May 2005)
8 slides from Barrick Mining's conference presentation, May 17, 2005
Slide 1: Goldman Sachs Cyclicals Conference / Forward Looking Statement
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 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
Slide 2: Barrick Snapshot
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 Barrick Snapshot Large, liquid blue-chip gold producer Component of seven globally-recognized indices 12 operating mines and 5 development projects: – 7 countries on 4 continents – 2004A production: 5.0 Moz @ $
Slide 3: Other Metals
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 Other Metals 900+ 750+ million ounces million pounds silver contained contained nickel* in gold reserves (inferred resource) 2004 2004 * Barrick’s 50% share NORTH AMERICA Eskay Creek Mines and Projects Hemlo 2005E PR
Slide 4: Total Cash Costs / Target Production Growth
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 Total 350 Cash Costs* Gold Fields (US$ per ounce) 325 300 275 AngloGold Placer Dome 250 Newmont 225 Barrick 200 175 150 2000 2001 2002 2003 2004 2005E * 2005E are midpoints of company guidance. Target Production Grow
Slide 5: Barrick's New Mines
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 Barrick’s New Mines Veladero, Lagunas Norte, Cowal and Tulawaka are all open-pit with conventional technology Estimated Estimated Estimated Construction Avg. 3 full years Avg. 3 full years Reserves Capital Producti
Slide 6: Financial Resources
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 Financial Resources Strongest balance sheet in gold industry Robust operating cash flow Capable of self-financing our development projects without need for equity dilution Secured $1 billion in 2004 for devel
Slide 7: Exploration Strategy
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 Exploration Strategy (5) 2005 total exploration budget $120 million Targeting reserve additions at and near existing mines in 2005: $55 million Greenfield and district exploration budget in 2005: $65 million
Slide 8: The Case for Barrick
BARRICK GOLD CORPORATION Goldman Sachs Cyclicals Conference New York – May 17, 2005 The Case for Barrick Large blue-chip company with significant growth in production and cash flow Growth driven by reserve replacement, development projects, exploration and strategic partnerships Proven develop
Barrick Gold — Goldman Sachs 13th Annual Cyclicals Conference (May 2005) on 6ix