Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Desjardins Securities – Materials Conference 2004

18 slides from Barrick Mining's conference presentation, Dec 13, 2004

  1. Slide 1: Barrick Gold Corporation – Desjardins Securities Materials Conference

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 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

  2. Slide 2: Asset Base – Mines and Projects

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 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: $20

  3. Slide 3: Cash Costs

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 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 3

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

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Growth Profile – Target Production ’04 -’07 millions of ounces 6.8-7.0 6.4-6.6 6.1 5.7 5.5 5.3-5.5 South 12% 4.9-5.0 1.8-1.9 2.5 America CAGR 1.0-1.1 0.6 1.3-1.4 1.4 1.6-1.7 Australia/ 1.9-2.0 Africa N

  5. Slide 5: Building Mines – Projects in Construction

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Building Mines – Projects in Construction ƒ All mines are open-pit with conventional technology ƒ Mines have good potential to increase reserve / resource positions ƒ These projects are expected to dri

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

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Building Mines – Veladero, Frontera District, Argentina Building Mines – Veladero Longitudinal Section 6

  7. Slide 7: Building Mines – Lagunas Norte, Alto Chicama, Peru

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Building Mines – Lagunas Norte, Alto Chicama, Peru ƒ First pour on schedule in second half 2005 ƒ Gold reserves: 7.2 million oz Gold resources: 1.7 million oz (Measured & Indicated) ƒ Access road const

  8. Slide 8: Building Mines – Cowal, Australia

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Alto Chicama District, Peru Building Mines – Cowal, Australia ƒ First pour on schedule in first quarter 2006 ƒ Gold reserves: 2.5 million oz Gold resources: 1.6 million oz (Measured & Indicated) ƒ Site

  9. Slide 9: Building Mines – Tulawaka, Tanzania

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Building Mines – Tulawaka, Tanzania 70% share ƒ First pour on schedule for first quarter 2005 ƒ Gold reserves: 368,000 ounces Financial Resources ƒ Strongest balance sheet in gold industry ƒ Capable of

  10. Slide 10: Beyond 2007

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Beyond 2007 ƒ Reserve replacement and growth ƒ Pascua-Lama – positive decision to proceed – world-class, long-life, low cash cost asset – part of new Frontera District with Veladero ƒ Consistent invest

  11. Slide 11: Beyond 2007 – Pascua-Lama Project

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Beyond 2007 – Pascua-Lama Project Beyond 2007 – Pascua-Lama Key Features ƒ Key component of Barrick reserves and future production profile ƒ Large, low cash cost production ƒ Long mine life ƒ Size rank

  12. Slide 12: Beyond 2007 – Pascua-Lama, Frontera District, Chile/Argentina

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Beyond 2007– Pascua-Lama, Frontera District, Chile/Argentina ƒ Gold reserves(1): 16.9 million oz Gold resources(1): 3.5 million oz (Measured & Indicated) 3.5 million oz (Inferred) Silver contained in g

  13. Slide 13: Beyond 2007 – Frontera District

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 A T A C A M A R E G I O N Beyond 2007 – Frontera District Pascua-Lama Veladero Guanaco Zonzo target Vallenar Regalito target Pascua-Lama Veladero Prospects S A N J U A N P R O V I N C E Bañitos target

  14. Slide 14: Beyond 2007 – Exploration Strategy

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 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 countries (Pe

  15. Slide 15: Beyond 2007 – Opportunistic Acquisitions

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Beyond 2007 – Opportunistic Acquisitions Focused on value-creating asset deals: ƒ Strategic partnerships – Highland Gold – Russia – Celtic – Russia, Kazakhstan – QGX Limited – Mongolia – Eurasian – Tur

  16. Slide 16: Silver Exposure

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Silver Exposure ƒ Tremendous leverage to silver prices ƒ Will produce about 17 M oz of silver in 2004 ƒ 886 million ounces of contained silver in gold reserves ƒ One of the world’s largest silver produ

  17. Slide 17: Primary investment demand drivers

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 Primary investment demand drivers ƒ A move towards diversifying from financial assets into hard assets ƒ Negative real interest rates ƒ A long-term continued devaluation of the US dollar Gold’s Inverse

  18. Slide 18: The Case for Barrick

    BARRICK GOLD CORPORATION Desjardins Securities – Materials Conference Montreal – December 13, 2004 The Case for Barrick ƒ Focus on execution and delivery of 2004-2007 target growth plan ƒ On the cusp of significant earnings and cash flow growth ƒ Unrivaled growth profile and lowest total cash costs

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