Slide 1: Fourth Quarter 2012 Results and 2013 Outlook
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Fourth Quarter 2012 Results and 2013 Outlook Conference Call / Webcast – February 14, 2013 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained or incorporated by reference in this presen
Slide 2: Q4/full year 2012 results
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Fourth Quarter 2012 Results Jamie Sokalsky Kelvin Dushnisky Ammar Al-Joundi Igor Gonzales Rob Krcmarov President and CEO Senior Executive Executive Vice President Executive Vice President Senior Vice President Vice Pre
Slide 3: Lumwana
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Lumwana Prepared a new life-of-mine (LOM) plan with information from the drilling program completed in late Q4 Purpose of drilling program was to: – better define limits of mineralization – develop an updated mine
Slide 4: 2012 Priorities and Progress
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 2012 Priorities and Progress Deliver on operating targets – met original gold guidance and latest cost guidance Reserve and resource development – replaced total gold reserves – doubled resource at greenfield disco
Slide 5: A New Paradigm
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 A New Paradigm Maximize risk-adjusted returns and free cash flow To position Barrick to return more capital to shareholders h h ld over time ti A better way to manage our business and shareholders’ capital All in
Slide 6: A New Paradigm - progress
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 A New Paradigm - progress Recalibrated production targets to a higher-quality profitable base of 8 Moz by 2016 Bringing in ~1.5 ~1 5 Moz(1) of average annual production together from Pueblo Viejo and Pascua-Lama at
Slide 7: Global Portfolio
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Global Portfolio 2012 P&P Reserves North America North America 42% 2012 Production Australia Africa 9% Pacific 11% North America South 47% America 38% Africa 6% Australia P ifi Pacific S th South Af i Africa 25% Americ
Slide 8: Pueblo Viejo - long life, low cost
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Pueblo Viejo - long life, low cost 625-675 Koz(1) of average annual production in first full five years – all-in sustaining cash costs of $500-$600/oz(2) and $650-$750/oz(3) including depreciation of mine constructio
Slide 9: Pascua-Lama - progress review
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Pascua-Lama - progress review Estimates confirmed and unchanged – expected mine construction capex of $8.0-$8.5B including a 15-20% 15 20% contingency on remaining spend – first gold production targeted for the secon
Slide 10: Exploration Budget - Nevada
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Pascua-Lama - construction update Merrill-Crowe Process Leaching Grinding Covered Stockpile Conveyor Footings 19 Exploration Budget - Nevada Almost half of Barrick’s Turquoise Ridge total exploration budget Goldstrik
Slide 11: Goldrush Resources
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 Goldrush Resources N N 46 ft @ 0.38 oz/t Doubled resource to 54 ft @ 0.32 oz/t 0 Meters 1,000 14.1 million ounces 27 ft @ 0.39 oz/t (8.4 M&I / 5.7 Inferred) 60 ft @ 0.14 oz/t 50 ft @ 0 51 oz/t 0.51 Continuity betwe
Slide 12: 2013 Outlook
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 2013 Outlook Gold Production 7.0-7.4 Moz All-in All i sustaining t i i cash h costs: t $1,000-1,100/oz (1) Total cash costs $610-660/oz(1) Copper Production 480-540 Mlbs C1 cash costs $2.10-2.30/lb(1) C3 fu
Slide 13: Footnotes
BARRICK GOLD CORPORATION Fourth Quarter Results Conference Call February 14, 2013 A New Paradigm Maximize risk-adjusted returns and free cash flow to return more capital p to shareholders over time Barrick’s framework includes the following objectives: Returns to Shareholders Returns Driving Pro