Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Prudential Equity Group LLC Gold Conference 2004

15 slides from Barrick Mining's conference presentation, Apr 28, 2004

  1. Slide 1: Building Mines, Building Value

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Building Mines, Building Value Gold Price Performance 425 “Sustainable gold rally” 400 375 350 325 300 275 2002 2003 2004 1

  2. Slide 2: Leverage to Gold Prices

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Leverage to Gold Prices 68.8 70.5 Unhedged Reserves 58.2 millions of ounces 49.5 44.4 43.7 40.2 38.3 28.9 30.3 94 95 96 97 98 99 00 01 02 03 Barrick’s Silver Exposure ƒ Tremendous leverage to silver price

  3. Slide 3: Asset Base – Mines and Projects

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Asset Base – Mines and Projects ƒ Solid base in OECD countries ƒ 12 operating mines and 4 major projects: – 86 M oz of gold reserves – 25 M oz of gold mineral resources – 835 M oz of silver within reporte

  4. Slide 4: What's Next – Target Production 2004-2007

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 NORTH AMERICA Eskay Creek Geopolitical Hemlo Holt-McDermott Diversity Meikle Betze-Post 2004E 2003 Round Mt. PRODUCTION RESERVES 28% 60% 44% 15% SOUTH AMERICA EAST AFRICA 13% 20% 13% 7% Tulawaka Bulyanhul

  5. Slide 5: Building Mines – Veladero, Argentina

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Building Mines – Veladero, Argentina POTENTIAL ƒ Gold reserves: 11.1 M oz ƒ Production E: 525–550,000/yr ƒ Average cash cost E: $155–165/oz (subject to exchange rate fluctuations and applicable export dut

  6. Slide 6: Veladero Project – Fleet Assembled, Stripping Commenced

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Veladero Project – Fleet Assembled, Stripping Commenced Veladero Project – Mine Bench Preparation 6

  7. Slide 7: Veladero / Pascua-Lama

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Veladero Project – Permanent Camp Construction Waste Veladero / Pascua-Lama Pascua-Lama Pit Waste Pit CHILE ARGENTINA Waste Filo Federico Pit Amable Pit Veladero Waste Heap Leach 0 5 10 kilometres 7

  8. Slide 8: Building Mines – Pascua-Lama

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Building Mines – Pascua-Lama Chile/Argentina ƒ 6 kilometers from Veladero – 17 M oz gold reserve ƒ 584 M oz contained silver within 17M oz gold reserve ƒ Open pit with oxide and sulphide processing facili

  9. Slide 9: Alto Chicama – Regional Targets

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 C A J A M A R C A Alto Chicama – Regional Targets GOITOS LAGUNAS Piedra Grande NW Huamachuco 1,350 sq. km L A L I B E R T A D Otuzco LAGUNAS Genusa Lagunas Norte Lagunas La Capilla Lagunas West Sur 8° Qui

  10. Slide 10: Building Mines Execution – Exploration Strategy

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Building Mines Tulawaka, Tanzania ƒ EIS and project approval Q4 2003 ƒ Construction commenced Q1 2004 ƒ Production expected Q1 2005 Kabanga, Tanzania ƒ Falconbridge partnership ƒ Barrick can focus on gold

  11. Slide 11: Reserve Development and Replacement

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Reserve Development and Replacement ƒ Virtually replaced 2003 reserves ƒ Mined below average reserve grade in 2003 ƒ Focusing on replacing and growing in 2004 – Create long - term value – Provide flexibil

  12. Slide 12: Resources to Execute Strategy

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Resources to Execute Strategy FINANCIAL STRENGTH ƒ “A” rated balance sheet ƒ Capable of self-financing our development program without equity dilution ƒ Adopted a no-hedge policy ƒ 17% of reserves at end

  13. Slide 13: Industry Dynamics – Low Growth Rates

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Industry Dynamics – Low Growth Rates Growth Rate at the 4 Other Majors: ’04 – ’07F millions of ounces 25 2% CAGR PDG 20 GF 15 ANG 10 5 NEM 0 04F 05F 06F 07F Source: Average of Research and company estimat

  14. Slide 14: Beyond 2007

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 Beyond 2007 ƒ Pascua-Lama – world - class long life asset – part of a new mining camp with Veladero – updated feasibility study expected mid year ƒ Consistent investment in exploration ƒ Opportunistic acq

  15. Slide 15: Forward Looking Statement

    BARRICK GOLD CORPORATION Prudential Equity Group LLC, Gold Conference New York – April 28, 2004 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

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