Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Diggers and Dealers 2004

15 slides from Barrick Mining's conference presentation, Jul 27, 2004

  1. Slide 1: Asset Base – Mines and Projects

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Asset Base – Mines and Projects ƒ Solid base in OECD countries ƒ 12 operating mines and 4 major projects: – 7 countries on 4 continents, employing > 7,000 people – 2004 est production: 4.9 – 5.0 M oz – 2004 est cash

  2. Slide 2: Growth Profile – Target Production '04–'07

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 NORTH AMERICA Eskay Creek Geopolitical Hemlo Holt-McDermott Diversity Goldstrike 2004E 2003 Round Mt. PRODUCTION RESERVES 28% 60% 44% 15% SOUTH AMERICA EAST AFRICA 13% 20% 13% 7% Tulawaka Bulyanhulu AUSTRALIA Alto Ch

  3. Slide 3: Building Mines – Current Projects

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Building Mines – Current Projects ƒ Currently in construction on four new mines ƒ All mines are open-pit and simple conventional technology ƒ All mines have significant potential to increase reserve / resource positi

  4. Slide 4: Resources to Execute Strategy

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Resources to Execute Strategy Right People in the Right Places ƒ Created fully integrated RBUs ƒ Augmented management team ƒ New organizational structure – consolidating life-of-mine accountability under COO – buildi

  5. Slide 5: Exploration Investment

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Exploration Investment ƒ Direct exploration spending has been consistent US$ millions 79 69 69 67 66 65 59 400 56 350 Spot Gold Price 300 250 97 98 99 00 01 02 03 04E Exploration Strategy ƒ More than 95 projects in 9

  6. Slide 6: Australia / Africa – Production

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Australia / Africa – Production Total Production 6.8-7.0 6.4-6.6 ƒ 2004E cash costs: millions of ounces $220 – 235/oz 5.3-5.5 4.9-5.0 ƒ 2003 reserves: 23.8 M oz – 28% 2004 Production 1.3-1.4 1.4 1.6-1.7 1.9-2.0 Austr

  7. Slide 7: Production & Reserves

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Production & Reserves 12,000 10,907 Production (Est) 10,000 Reserves (end 2003) 8,000 Thousands of Ounces 5,894 6,000 4,000 2,646 2495 2,000 1,135 395 315 402 360 368 100 140 220 70 - KCGM Plutonic Lawlers Darlot Cow

  8. Slide 8: Australia / Africa – Kalgoorlie

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Australia / Africa – Kalgoorlie ƒ Primarily open pit with supplementary underground production ƒ Barrick provides primary operational direction on the joint venture ƒ Life-of-mine 14 years ƒ 2004E production: 380-400

  9. Slide 9: Australia / Africa – Tanzania

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Australia / Africa – Tanzania ƒ Lake Victoria Greenstone Belt – emerging district – very prospective ƒ Leverage existing infrastructure – Tulawaka and Bulyanhulu ƒ Regional structure synergies: $1 M/year Australia /

  10. Slide 10: Australia/Africa – Continuous Improvement

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Australia/Africa – Continuous Improvement Strategy ƒ Grow current production and reduce/contain costs at Australian operations through continuous improvement Africa ƒ Increase Bulyanhulu production from 70 to 100 tho

  11. Slide 11: Australia / Africa – Upside Potential

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Australia / Africa – Upside Potential ƒ Brownfields exploration – Targets being tested at all sites – Main focus at KCGM, Plutonic, Lawlers and Bulyanhulu – 2004 budget: $7.2 million KCGM Potential 11

  12. Slide 12: Plutonic Surface Potential Bulyanhulu Potential

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Plutonic Surface Potential Bulyanhulu Potential 12

  13. Slide 13: Building Mines – Cowal, Australia

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Building Mines – Cowal, Australia POTENTIAL ƒ Gold reserves: 2.5 M oz ƒ Gold resources: 1.6 M oz ƒ Production est: 220–230,000/yr ƒ Average cash cost est: $230–245/oz PLAN ƒ Open pit - CIL ƒ Capital costs est: $270M

  14. Slide 14: Building Value – Australia and Africa

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 2004 Building Value – Australia and Africa ƒ Barrick is one of the largest producers of gold in Australia and the largest in Tanzania ƒ Targeted regional production to grow to: 1.9 – 2.0 Moz/year by 2007 ƒ Aggressively se

  15. Slide 15: Forward Looking Statement

    BARRICK GOLD CORPORATION Diggers and Dealers Presentation Australia – July 27, 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 our future

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