Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Merrill Lynch Conference - Toronto 2004

16 slides from Barrick Mining's conference presentation, Sep 16, 2004

  1. Slide 1: Merrill Lynch Conference – Toronto

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 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 perfo

  2. Slide 2: Asset Base – Mines and Projects

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 Asset Base – Mines and Projects ƒ Solid base in OECD countries ƒ 12 operating mines and 5 development projects: – 7 countries on 4 continents, employing > 7,000 people – 2004 est production: 4.9 – 5.0 M oz – 2004 est cash

  3. Slide 3: Growth Profile – Target Production '04-'07

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 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 North 3.0 2.9-3.0 3.0

  4. Slide 4: Building Mines – Current Projects

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 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 11.1 $ 475 525-550 $155-1

  5. Slide 5: BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 5

  6. Slide 6: Alto Chicama District, Peru

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 C A J A M A R C A Alto Chicama District, Peru GOITOS LAGUNAS Piedra Grande NW Huamachuco 1,350 sq. km L A L I B E R T A D Otuzco LAGUNAS Genusa Lagunas Norte Lagunas La Capilla Lagunas Sur West Alto La Bandera 8° Quiruvil

  7. Slide 7: Beyond 2007

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 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 investment in exploration

  8. Slide 8: Beyond 2007 – Pascua-Lama Key Features

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 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 ranks in world’s top 10 undeveloped deposits ƒ Prospective

  9. Slide 9: Beyond 2007 – Pascua-Lama, Frontera District, Chile/Argentina

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 Beyond 2007– Pascua-Lama, Frontera District, Chile/Argentina ƒ Gold reserves: 16.9 million ounces (1) ƒ Silver content in gold reserves: 635 Moz ƒ Average annual production & total cash costs: 1st five years: 675-700,000

  10. Slide 10: BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 10

  11. Slide 11: Beyond 2007 – Exploration Strategy

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 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 (Peru, Chile, Argentina

  12. Slide 12: Beyond 2007 – Opportunistic Acquisitions

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 Beyond 2007 – Opportunistic Acquisitions Focused on value-creating asset deals: ƒ Strategic partnerships – Highland Gold – Russia – QGX Limited – Mongolia – Falconbridge – Kabanga, Tanzania ƒ Leverage development competen

  13. Slide 13: Gold – Supply / Demand Fundamentals

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 Gold – Supply / Demand Fundamentals Supply ƒ Mine Production – likely to decline – Increasingly difficult environment for new mines – Cost pressures at existing mines ƒ Central bank sales – transparent and measured Demand

  14. Slide 14: Foreign Investment

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 Foreign Investment US share of world net Foreign ownership of available export capital US assets as % of GDP 80% 80% 70% 70% 60% 60% 50% 50% 40% 40% 30% 30% 20% 20% 10% 10% 0% 0% 70 73 76 79 82 85 88 91 94 97 00 03 70 73

  15. Slide 15: The Case for Barrick

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 The Case for Barrick ƒ Full-year production and total cash cost guidance on track ƒ Organizational focus on execution and delivery of 2004-2007 target growth plan ƒ Strong development project pipeline brings unrivaled gro

  16. Slide 16: Note on Reserves

    BARRICK GOLD CORPORATION Merrill Lynch Conference Toronto – September 16, 2004 NOTE ON RESERVES 1. Based on reserves calculated as at December 31, 2003 using an assumed price of $325 per ounce for gold and $4.75 per ounce for silver, except with respect to the Pascua-Lama project where reserves have

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