Barrick Mining Corporation · TSX:ABX

Barrick Mining — Shareholder Meeting (April 2014)

31 slides from Barrick Mining's shareholder meeting presentation, Apr 30, 2014

  1. Slide 1: Barrick

    4/30/2014 BARRICK

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

    4/30/2014 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 sta

  3. Slide 3: Gold, XAU index and gold ETF

    4/30/2014 nt XAU index Gold 1800 Gold 1700 1600 1500 1400 1300 SPX XAU ETF 1200 F 1100 XAU e in Ounces in ETF Source: Bloomberg XAU ABX Source: Bloomberg 3

  4. Slide 4: Disciplined Capital Allocation Framework

    Disciplined Capital Allocation Framework BARRICK 4/30/2014

  5. Slide 5: $2 billion of capital and cost reductions

    4/30/2014 + $2 billion of capital and cost reductions Launched portfolio review focused on profitable ounces 19 mines reduced from 27 in 2013 Termed out $3 billion in debt Temporary suspension of Pascua-Lama Reduced dividend by 75%

  6. Slide 6: Gold price impact to cash flow

    4/30/2014 Gold price impact to cash flow $2.0 BILLION

  7. Slide 7: Debt Maturity ($M)

    4/30/2014 2 $B 1 B 2.0 1 Debt Maturity($M) 1.6 1 1 1.2 1 0.8 0.4 0 2013 2014 2015 2016 2017 2018 18 7

  8. Slide 8: Debt Maturity ($M)

    4/30/2014 $B B 2.0 2,0 1,8 1.6 1,6 Debt Maturity($M) 1,4 1.2 1,2 1,0 0.8 8 6 0.4 4 2 0 2013 2014 2015 2016 2017 2018 18 8

  9. Slide 9: Cost per ounce guidance ($/oz)

    4/30/2014 (1) ($/oz) 1,000- 1,100 900- 975 915 400 (1) See final slide #1 (1) ($/oz) 915 (1) See final slide #1 9

  10. Slide 10: Five Core Gold Mines in the Americas

    4/30/2014 ~55% Five Core Gold Mines in the Americas ~20% 6 mines ~25% 10 mines CORTEZ PUEBLO VIEJO LAGUNAS NORTE GOLDSTRIKE VELADERO 10

  11. Slide 11: Cortez, Pueblo Viejo, Lagunas Norte, Goldstrike, Veladero

    4/30/2014 CORTEZ PUEBLO VIEJO LAGUNAS NORTE GOLDSTRIKE VELADERO CORTEZ Turquoise Ridge Goldstrike Elko Battle Mtn. Carlin AREA Cortez Goldrush ENLARGED RIGHT Bald Mountain GOLDSTRIKE Ruby Hill Round Mountain JV 11

  12. Slide 12: Goldrush and Nevada district map

    4/30/2014 Turquoise Ridge Goldstrike Elko Battle Mtn. Carlin AREA Cortez Goldrush ENLARGED RIGHT Bald Mountain Ruby Hill Round Mountain JV 12

  13. Slide 13: Lumwana

    4/30/2014 (1) ($/lb) 2.10- 2.30 1.90- 1.92 2.00 1.0 (1) See final slide #1 LUMWANA 13

  14. Slide 14: Lumwana and Zaldivar

    4/30/2014 LUMWANA ZALDIVAR (1) See final slide #1 14

  15. Slide 15: Reserves and resources at lower gold price

    4/30/2014 140 Moz Reserves(1) 13% Lower 6% gold price Below return 7% 104 Moz assumption threshold and Depletion and Reserves(1) costs Divestitures All reserve reductions transferred to resources 2012 2013 $1,500/oz $1,100/oz (1) See final slide #2 104 Moz 99 Moz Reserves Resources(1) All reserve re

  16. Slide 16: Reserves vs. reserve grade versus peers

    4/30/2014 0.6 0.7 0.8 0.9 1.0 1.1 1.2 1.3 1.4 120 110 Barrick 100 90 Higher Newmont 80 Reserves Newcrest Moz 70 Lower 60 Goldcorp 50 Kinross 40 30 Lower Reserve Grade g/t Higher 16

  17. Slide 17: Pascua-Lama

    4/30/2014 Pascua-Lama Pascua-Lama =~

  18. Slide 18: (1) See final slide #3

    4/30/2014 (1) (1) See final slide #3 18

  19. Slide 19: (1) See final slide #3

    4/30/2014 (1) (1) See final slide #3 19

  20. Slide 20: 2014 gold and copper production and costs

    4/30/2014  Gold production  Copper production 1.6 Moz 104 Mlbs AISC(1) ($/oz) C1 Cash Costs(1) ($/lb) $933 $2.48 $833 $2.11 13 14 13 14 (1) See final slide #1 20

  21. Slide 21: Core Competencies

    4/30/2014 CORE COMPETENCIES LAGUNAS NORTE 50% more production than feasibility estimates VELADERO 20% more : production than Se teasibility estimates at.

  22. Slide 22: Core Competencies: Technical Expertise

    4/30/2014 CORE GOMPETENGIES Tachnical Exvnartica CORE COMPETENCIES Tachnwealneynertca

  23. Slide 23: Moz from exploration versus acquisition

    4/30/2014 131 Moz from Exploration(1) 110 Moz from Acquisition (1) See final slide #4 23

  24. Slide 24: High-grade potential, Cortez Hills Mine

    4/30/2014 Open High-grade potential (1) Cortez Hills Mine 1 mile (1) See final slide #2 24

  25. Slide 25: Turquoise Ridge, Cortez, Goldrush

    4/30/2014 Turquoise Ridge ke Goldstrike Elko Battle Mtn. Carlin Cortez Goldrush Bald Mountain Ruby Hill Bald Mountain Round Mountain JV 100 25

  26. Slide 26: Every person going home safe and healthy every day

    4/30/2014 Every person going home safe and healthy every day 4.30 Total reportable injury frequency rate 3.30 2.79 2.60 1.64 1.50 1.30 1.20 0.93 0.92 0.76 0.64 02 03 04 05 06 07 08 09 10 11 12 13 26

  27. Slide 27: Education, health, infrastructure, skills and human rights

    4/30/2014 EDUCATION HEALTH INFRASTRUCTURE SKILLS HUMAN INITIATIVES PROGRAMS DEVELOPMENT TRAINING RIGHTS 27

  28. Slide 28: Margajita River before and after

    4/30/2014 MARGAJITA RIVER BEFORE AFTER 28

  29. Slide 29: Dow Jones Sustainability Indexes member

    4/30/2014 Dow Jones | mete q Sustainability Indexes cor a ae Member 2013/14 es a “ a ae NASDAG OMX ‘ BARRICK

  30. Slide 30: Barrick

    4/30/2014 BARRICK

  31. Slide 31: Footnotes

    4/30/2014 FOOTNOTES 1 All-in sustaining costs (AISC) per ounce, C1 cash costs per pound and adjusted net earnings are non-GAAP financial performance measures with no standardized definition under IFRS. See pages 60-69 of Barrick’s 2013 Annual Report and pages 36-41 of Barrick’s First Quarter 2014 Re

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