Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Scotia Capital Precious & Base Metals Conference 2004

17 slides from Barrick Mining's conference presentation, Nov 23, 2004

  1. Slide 1: Barrick Gold Corporation – Scotia Capital Conference

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or esti

  2. Slide 2: Asset Base – Mines and Projects

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Asset Base – Mines and Projects ƒ 10 operating mines and 6 development projects: – 7 countries on 4 continents, employing > 7,000 people – 2004 est production: 4.9 – 5.0 M oz – 2004 est cash costs

  3. Slide 3: Cash Costs

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Cash Costs (US$ per ounce) 325 Goldfields 300 275 AngloGold 250 Placer Dome 225 Newmont Barrick 200 175 150 2000 2001 2002 2003 2004 Gold Price & Currency Movements 2 South African Rand 1.8 1.6 Au

  4. Slide 4: Geopolitical Diversity Growth Profile – Target Production '04-'07

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 NORTH AMERICA Eskay Creek Geopolitical Hemlo Diversity Goldstrike 2004E 2003 Round Mt. East Archimedes PRODUCTION RESERVES 28% 60% 44% 15% SOUTH AMERICA EAST AFRICA 13% 20% 13% 7% Tulawaka Bulyanh

  5. Slide 5: Building Mines – Current Projects

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Building Mines – Current Projects Construction Avg. 10 year Avg. 10 year Project Reserves Capital Est Production Total Cash Cost 2004 - 2007 oz/millions US$ millions ‘000 ozs/year US$/oz Veladero

  6. Slide 6: Building Mines – Veladero, Frontera District, Argentina

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Building Mines – Veladero, Frontera District, Argentina Construction of the valley-fill heap leach Progress in the open pit Foundation of the primary crusher Completed truck shop Building Mines –

  7. Slide 7: Building Mines – Lagunas Norte

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Building Mines – Lagunas Norte Process plant foundation Secondary Crusher Heap Leach Construction Primary Crusher C A J A M A R C A Alto Chicama District, Peru GOITOS LAGUNAS Piedra Grande NW Huam

  8. Slide 8: Building Mines – Cowal, Australia

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Building Mines – Cowal, Australia ƒ First pour on schedule in first quarter 2006 ƒ Gold reserves: 2.5 million ounces Gold resources: 1.6 million ounces Construction of the Bund Wall Building Mines

  9. Slide 9: Financial Resources

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Financial Resources ƒ Strongest balance sheet in gold industry ƒ Capable of self-financing our developments without equity dilution ƒ Robust operating cash flow growth ƒ Recently issued $750 milli

  10. Slide 10: Beyond 2007 – Reserve Development and Replacement

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Beyond 2007 – 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 valu

  11. Slide 11: Beyond 2007 – Frontera District

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Camp Beyond 2007 – Frontera District Access Road from Vallenar Protocol Operating Area Boundary Waste Pascua-Lama Conveyor Pit Waste Plant Pit CHILE ARGENTINA Tailings Waste Filo Federico Pit Vela

  12. Slide 12: Beyond 2007 – Exploration Strategy

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Beyond 2007 – Exploration Strategy ƒ More than 95 projects in 9 countries ƒ > 2 million ounce greenfield gold deposits; reserve additions in proximity of existing assets ƒ 6 high priority countrie

  13. Slide 13: Beyond 2007 – Opportunistic Acquisitions

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Beyond 2007 – Opportunistic Acquisitions Focused on value-creating asset deals: ƒ Strategic partnerships – Highland Gold – Russia – QGX Limited – Mongolia – Eurasian – Turkey – Falconbridge – Kaba

  14. Slide 14: Gold Market – A Sustainable Rally

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Gold Market – A Sustainable Rally Gold Price: January 1, 1975 to present in actual dollars 900 800 700 600 500 400 300 200 100 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 1986 1987 1988

  15. Slide 15: Gold Market – Strong Fundamentals

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 Gold Market – Strong Fundamentals Demand ƒ Jewelry/Fabrication – slow but steady growth ƒ Dehedging – establishes floor price ƒ Investment – significant potential – ETFs – a move towards diversify

  16. Slide 16: US Current Account Deficit

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 US Current Account Deficit US$ billions 200 0 -200 -400 -600 -800 $1 trillion projected -1000 70 72 74 76 78 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 Source: M. Murenbeeld & Associates Inc. Qu

  17. Slide 17: The Case for Barrick

    BARRICK GOLD CORPORATION Scotia Capital – Precious & Base Metals Conference Toronto – November 23, 2004 The Case for Barrick ƒ Focus on execution and delivery of 2004-2007 target growth plan ƒ Unrivaled growth profile and lowest total cash costs of the major gold producers ƒ Building blocks for beyo

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