Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Q3 2010 Earnings Presentation

13 slides from Barrick Mining's earnings presentation, Oct 28, 2010

  1. Slide 1: Third Quarter 2010 Results

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 1 Third Quarter 2010 Results Conference Call / Webcast October 28, 2010 2 1

  2. Slide 2: Cautionary Statement on Forward-Looking Information

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance and other statements

  3. Slide 3: Q3 2010 Highlights and Production

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Q3 2010 Highlights ƒ Production on plan at lower than expected cash costs and on track to meet original full year operating guidance ƒ Benefiting from higher gold prices - cash margins expand 52% to $ 8 / (1) $783/oz ƒ Record opera

  4. Slide 4: Cortez Hills and Pueblo Viejo Project Update

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Cortez Hills ‐ Exceeds Expectations ƒ Cortez property: – YTD production of 936 Koz at total cash costs of $307/oz(1) – 2010 production anticipated to be at the higher end of original guidance range of 1.08-1.12 Moz at total cash co

  5. Slide 5: Pascua-Lama and Cerro Casale Project Update

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Pascua‐Lama Project Update First rock removal from cross-border ore ƒ Initial production transport tunnel in Chile expected in Q1 2013 ƒ Detailed D t il d engineering i i almost 90% complete ƒ In line with ~$3.0B pre- production ca

  6. Slide 6: Project Update and Value Creation Opportunities

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Project Update ƒ Donlin Creek(1) – Potential to be a +1 Moz per year producer (100% basis) with +25 year mine life – Feasibility revisions for natural gas option expected by Q2 2011 ƒ Reko Diq(1) – Feasibility completed; ESIA in fi

  7. Slide 7: YTD September and Q3 2010 Results

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 YTD September 30 Results Gold Total Net Production Cash Costs(1) Cash Costs(1) Moz $US/oz 3% $US/oz 6.07 463 5.53 10% 463 448 448 376 8% 376 346 346 300 300 H1 09 H1 10 H1 09 H1 10 YTD 09 YTD 10 YTD 09 YTD 10 YTD 09 YTD 10 (1) See

  8. Slide 8: Q3 2010 Record Financial Results and Margin Expansion

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Q3 2010 Record Financial Results Net Income Adjusted Operating US$M Net Income(1) Cash Flow US$M US$M 11276 1,276 276 911 911 40% 837 829 473 75% Q3 09 Q3 10 Q3 09 Q3 10 Q3 09 Q2 09 Q3 10 Q2 10 -5,350 Hedge Book Elimination (1) See

  9. Slide 9: Margin Expansion and Growth in 2010 and Beyond

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Margin Expansion ~1200 Average Net TotalCash CashCosts Costs vsvsGold (1)(1) GoldPrices Prices US$ per ounce 840- Margin(1) Avg Realized Price((1)) 985 Avg. 850 872 622 564 535 621 545 393 439 344 214 337 363 350- Net Cash Cost(2)

  10. Slide 10: Strong Financial Position and Gold Outlook

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Strong Financial Position A-Rated Industry’s Highest Rated Balance Sheet $4.3B Cash Balance(1) $1.5B Undrawn Line of Credit(1) $3.3B YTD Strong Operating Cash Flow(1) (1) As of September 30, 2010 19 Outlook ‐ Bullish on Gold ƒ Dive

  11. Slide 11: Leverage to Gold and IFRS Conversion Update

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Leverage to Gold Barrick EPS & CFPS vs Gold ƒ Barrick’s adjusted Returns (US$) 600% earnings and cash flow (1) ( = adjusted) dj d) growth th h has significantly i ifi tl 500% outpaced the rise in 400% gold prices over the past 5 ye

  12. Slide 12: IFRS Conversion Update and In Closing

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 IFRS Conversion Update ƒ Under IFRS, ~$200 M in production waste stripping and E&E expenditures treated as capital in H1 2010 – Operating cash flow higher by ~$200 M – Capital expenditures higher by ~$200 M ƒ Under IFRS, total cash

  13. Slide 13: Footnotes

    Barrick Gold Corporation Third Quarter 2010 Results October 28, 2010 Footnotes 1. Net cash costs per ounce, net cash margin per ounce, total cash costs per ounce, cash margin per ounce, total cash costs per pound, adjusted net income and average realized price are non-GAAP financial measures with no

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