Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Scotia Capital Precious Metals Conference 2008

9 slides from Barrick Mining's conference presentation, Dec 2, 2008

  1. Slide 1: Strategy Investment Execution Results

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Strategy Investment Execution Results Scotia Capital Precious Metals Conference – Toronto, Dec. 2, 2008 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained in this presentation, includin

  2. Slide 2: Third Quarter Highlights

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Third Quarter Highlights ƒ Cash margins up 28% to $406 per ounce ƒ Net income of $0.29 per share ƒ Net income before special items of $0.40 per share(1) ƒ Operating cash flow of $0.62 per share ƒ Significant progress

  3. Slide 3: Competitive Costs

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Competitive Costs Barrick Margins and Cash Costs(1) US$ per ounce Third Quarter Year-to-date $872 $872 $895 $895 406 495 463 577 ƒ ~80% of industry Margin Margin production is at cash costs(2) higher than Barrick’s y

  4. Slide 4: Financial Strength

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Financial Strength ƒ Only ‘A’ rated balance sheet in the gold industry ƒ Completed long-term debt financing of $1.25 B ƒ $1.5 B undrawn line of credit ƒ Cash balance of $1.7 B ƒ $1.8 B of operating cash flow for firs

  5. Slide 5: Positive on Gold Fundamentals

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Positive on Gold Fundamentals Gold (US$/oz) Copper (US$/lb) Zinc (US$/lb) S&P 500 –7% –46% –50% –44% 834 3.01 1.07 1468 772 1.62 816 0.53 Dec. 31 Dec. 1 Dec. 31 Dec. 1 Dec. 31 Dec. 1 Dec. 31 Dec. 1 2007 2008 2007 200

  6. Slide 6: Positive on Gold Fundamentals

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Positive on Gold Fundamentals Jewelry tonnes +8% 700 647.6 602.1 600 500 Net Retail 400 Investment Exchange +121% 300 Traded Funds 232.1 +8% 200 139.5 150.0 105.1 100 Q3-07 Q3-08 Q3-07 Q3-08 Q3-07 Q3-08 0 Source: GFM

  7. Slide 7: Advanced Projects Contribution

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Advanced Projects Contribution 1.75 Pueblo Production 1.50 Viejo H2 2011 1.25 1.00 0.75 Cortez Production ~1.9 M oz Hills H1 2010 of lower cost production(1) 0.50 0.25 Buzwagi Production 0.00 mid-2009 (1) Expected co

  8. Slide 8: Cortez Hills Project Update Pueblo Viejo Project Update

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 Cortez Hills Project Update ƒ Record of Decision received ƒ Production expected in first half of 2010 ƒ 1 Moz/yr(1,2) producer ƒ On track with initial capital budget of $500 M(3) – In line with original estimate – 60

  9. Slide 9: In Closing

    BARRICK GOLD CORPORATION Scotia Capital Precious Metals Conference December 2, 2008 In Closing ƒ Reaffirmed 2008 gold operating guidance – Stronger production performance expected in Q4 ƒ Competitive cost structure ƒ Financial strength – Industry’s highest rated balance sheet ƒ Advanced projects on

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