Barrick Mining Corporation · TSX:ABX

Barrick Mining — Bank of America Merrill Lynch 2014 Global Metals, Mining & Steel Conference

10 slides from Barrick Mining's conference presentation, May 13, 2014

  1. Slide 1: Bank of America Merrill Lynch 2014 Global Metals, Mining & Steel Conference

    Bank of America Merrill Lynch 2014 Global Metals, Mining & Steel Conference May 13, 2014

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

    CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements”. All statements, o

  3. Slide 3: Reshaping Barrick's Future

    Reshaping Barrick’s Future ƒ Disciplined capital allocation framework continues to guide every decision ƒ Transforming Barrick into a leaner, more agile company ƒ Prioritizing free cash flow and risk-adjusted returns ƒ Deep pipeline of opportunities provides growth options for the future 1 Q1 Result

  4. Slide 4: Unrivalled Gold Portfolio; 2014 Outlook

    Unrivalled Gold Portfolio CORTEZ PUEBLO VIEJO LAGUNAS NORTE VELADERO GOLDSTRIKE 3 2014 Outlook ƒ Maintaining gold guidance(1) of 6.0-6.5 Moz at AISC of $920-$980/oz, the lowest costs of senior peers – Q2 expected to be lowest production, highest cost quarter of the year ƒ Revised copper guidance(1)

  5. Slide 5: Evaluating Projects Through New Lens

    Evaluating Projects Through New Lens ƒ Fundamental change in approach to projects ƒ Aligned with disciplined capital allocation framework ƒ Staged approach to development: – specific milestones and budgets for each stage – incremental expansions – use existing cash flow to fund the next stage ƒ Furt

  6. Slide 6: Goldrush

    A CortezHillsMine Portal Untested andopen Goldrush VeryhighͲgradepotential Conceptual Exploration EOY 2013 Development Grade x Thickness 5 - 10 oz-ft 10 - 20 oz-ft 20 - 50 oz-ft > 50 oz-ft HighͲgrade Goldrush Deposit(1) continuity being 10 Moz M&I Resources established 5.6 Moz Inferred Resources 1 m

  7. Slide 7: Cortez Hills Lower Zone Expansion; Turquoise Ridge Underground Optimization

    Cortez Hills Ѹ Lower Zone Expansion 5000 L Ultimate Pit 4500 L MiddleZone BrecciaBody 3800 L 3500 L LowerZone 3000 L 2500 L 9 Turquoise Ridge – Underground Optimization ~3,500ft S N Haulage Shaft Additional Shaft Option North Zone 9 74% of tons 9 80% of LOM ounces 9 37% higher grade Reserves(1) Nort

  8. Slide 8: Unrivalled Position in Nevada; Portfolio Optimization and Cost Reduction

    Unrivalled Position in Nevada Turquoise Ridge NEVADA South Arturo AREA Goldstrike ENLARGED Elko Carlin Spring Hilltop Valley Gold Ridge Cortez Goldrush Bald Mountain Additional Pits Ruby Hill Pit Expansion Mines Projects Towns Round Mountain JV 11 Portfolio Optimization and Cost Reduction ƒ Focused

  9. Slide 9: Increasing Flexibility and Agility; Improved Financial Flexibility

    Increasing Flexibility and Agility ƒ Extensive scenario planning to be more agile in various price environments ƒ Results in a more optimized portfolio that maximizes cash flow in lower metal price environment ƒ Enhances ability to capitalize on strong asset base if prices recover Options at Lower P

  10. Slide 10: Profitable Production

    Profitable Production Growth Opportunities More strongly Unrivalled Improved Assets Flexibility positioned for Disciplined the upside Capital Allocation Better protected Lowest Scenario AISC Planning on the downside Senior Portfolio Optimization 15 15 Footnotes 1. All-in sustaining costs per ounce (

Barrick Mining — Bank of America Merrill Lynch 2014 Global Metals, Mining & Steel Conference on 6ix