Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Goldman Sachs Basic Materials Conference 2009

18 slides from Barrick Mining's conference presentation, Jun 4, 2009

1. Slide 1: The Gold Industry Leader

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 The Gold Industry Leader Goldman Sachs Basic Materials Conference New York, June 2009 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any informat

2. Slide 2: The Gold Industry Leader; Gold's Diversifying Role

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 The Gold Industry Leader Top 10 One of Canada’s Largest Companies 138.5Moz Largest Gold Reserves (1) 7.7Moz Largest Gold Production in 2008 ‘A’ rated Strong Financial Position World Dow Jones Sustainability Index (

3. Slide 3: Global Reflation; Gold ETF Demand at Record Level

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Global Reflation 60 42 Gold Price and Global Liquidity 48 35 (year-over-year percentage change; correlation: .63) 36 28 24 21 12 14 0 7 -12 0 Global liquidity: Reserves + US Mbase -24 -7 -36 -14 82 83 84 85 86 87 8

4. Slide 4: Global Reserves; Net Official Sector Sales

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Global Reserves ƒ ~$7.3 trillion in total reserves – 2/3 in USD Japan China 977.3 Russia ƒ $5.1 trillion 1,756.7 441.4 collectively held in 16 countries Sources: Martin Murenbeeld, IMF March 2009 7 Net Official Sec

5. Slide 5: Mine Supply Declining; Bullish on Gold

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Mine Supply Declining Gold Production (millions of ounces) 85 80 75 Barrick estimate 70 65 60 95 96 97 98 99 00 01 02 03 04 05 06 07 08 09 10 11 Sources: GFMS for historical production, Barrick for 2009-2011 9 Bull

6. Slide 6: Maintaining Leadership; Production and Cost Outlook

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Maintaining Leadership ƒ Create shareholder value through profitable growth ƒ Leverage competitive strengths to secure and develop new world class resources ƒ Maintain a strong financial position at all points of t

7. Slide 7: Margin Expansion

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Margin Expansion Total Cash Costs(1) vs Gold Prices US$ per ounce 900 Assumed Average 870 Realized Price 425- Total Cash 619 427 450(2) Margin(1) 543 439 274 392 263 450- Total Cash Cost 443 214 475(2) 180 345 280

8. Slide 8: Cost Management; Growing Reserves & Resources

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Cost Management ƒ Lower cost projects ƒ Supply Chain Management – capturing lower consumable prices ƒ Improved labour market conditions ƒ Mine and processing optimization 15 Growing Reserves & Resources(1) ounces m

9. Slide 9: Growing Reserves & Resources; Balanced Portfolio

   Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Growing Reserves & Resources(1) Copper Reserves Copper Resources Contained Silver pounds billions pounds billions within gold reserves ounces billions 12.47 1.09 6.39 1.03 +6% 6.20 +3% +133 % 5.35 2007 2008 2007 20

10. Slide 10: Impact of Low Cost Mines; Buzwagi Pours First Gold

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Impact of Low Cost Mines ƒ Four new low cost mines coming on stream over the next four years ~2.6 Q1 2010 1st production(1) million Cortez Q1 2013 1st production low cost Q4 2011 Hills 1st production Pascua ounces(

11. Slide 11: Cortez Hills Project Update; Pueblo Viejo Project Update

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Cortez Hills Project Update ƒ First production expected in Q1 2010 (1) ƒ ~1.0 M oz/year (1) ƒ Total cash costs of ~$350-$400/oz (2) ƒ In line with $500 million (2) capital budget (1) See final slide #5 (2) See fina

12. Slide 12: Pueblo Viejo Project Update; Building Pascua-Lama

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Pueblo Viejo Project Update ƒ On track with $2.7 billion (1) capital budget ƒ +25 year mine life ƒ Reserves increased to 22.4 M oz (2) (1) See final slide #7 (2) See final slide #1 New Equipment Commissioning 23 Bu

13. Slide 13: Bottom of Industry Cost Curve; Building Pascua-Lama

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Bottom of Industry Cost Curve Total Cash Cost/Oz (net of by-products) $900 800 700 Pascua-Lama 600 $20-$50 (first five year average) 500 400 300 200 100 0 0 10 20 30 40 50 60 70 80 90 100 Source: GFMS - Q4 Industry

14. Slide 14: Pascua-Lama and Veladero; Gold Projects In Feasibility

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Veladero Camp ARGENTINA Veladero Truck shop Veladero Mine CHILE Tailings Process Plant ARGENTINA Pascua-Lama Tunnel Ore body CHILE Esperanza Crushing & Ore body Conveyor Head Pascua‐Lama and Veladero 28 28 Gold Pro

15. Slide 15: Operating and Financial Highlights; Strong Financial Position

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Operating and Financial Highlights 2008 Q1-09 Production (ounces millions) 7.66 1.76 Net cash costs(1) (dollars per ounce) 337 404 (dollars millions) Revenue 7,913 1,827 Net Income 785 371 Adjusted Net Income(1) 1,

16. Slide 16: The Case for Barrick

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 The Case for Barrick ƒ Positive outlook for gold ƒ Exceptional leverage to the gold price – largest production and reserves ƒ Strong track record of reserve replacement ƒ Advanced projects on schedule – lower cost

17. Slide 17: Appendix: Unhedged Reserves

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 Counterparties and Trading Agreements Appendix 34 Unhedged Reserves ounces millions Total Reserves 138.5 Unhedged Reserves = 133.1 5.4 Fixed 4.1 Floating 65.0 M+I Resources 9.5 Total Project Sales Contracts 34.8 In

18. Slide 18: MTM & Revenue Gold Price Sensitivity; Counterparties & Trading Agreements

    Barrick Gold Corporation Goldman Sachs Basic Materials Conference New York, June 2009 MTM & Revenue Gold Price Sensitivity billions of US dollars (assumes 7.5 Moz annual sales over 10 years) $1,500 spot gold price Revenue 113 8 MTM* +45 $1,300 98 7 +30 $1,100 83 6 +15 $900 68 5 MTM Floating and Fixe

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