Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Citigroup Smith Barney 2004 Global Industrial Manufacturing Conference

14 slides from Barrick Mining's conference presentation, Mar 10, 2004

1. Slide 1: Building Mines, Building Value

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Building Mines, Building Value FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statem

2. Slide 2: Gold Price Performance

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Gold Price Performance 425 “Sustainable gold rally” 400 375 350 325 300 275 2002 2003 2004 Silver Price Performance US$/oz 6.50 6.00 5.50 5.00 4.50 4.00 2002 2003 2004 2

3. Slide 3: Corporate Mission

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Corporate Mission VISION ƒ To be the global industry leader STRATEGY ƒ Exploit our size, international experience and financial strength to replace/increase our reserves and pr

4. Slide 4: Geopolitical Diversity

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 NORTH AMERICA Eskay Creek Geopolitical Hemlo Holt-McDermott Diversity Meikle Betze-Post 2004E 2003 Round Mt. PRODUCTION RESERVES 28% 60% 44% 15% SOUTH AMERICA EAST AFRICA 13% 2

5. Slide 5: Execution – Building New Mines

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Execution – Building New Mines Veladero Assay Lab Veladero, Argentina POTENTIAL ƒ Gold reserves: 11.1 M oz ƒ Production E: 525 – 550,000/oz ƒ Average cash cost E: $155 – 165/oz

6. Slide 6: Veladero Project – Mine Bench Preparation

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Veladero Project – Mine Bench Preparation Veladero Project – Permanent Camp Construction 6

7. Slide 7: Execution – Building New Mines

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Execution – Building New Mines Pascua-Lama Exploration Pascua-Lama, Chile/Argentina ƒ 6 kilometers from Veladero – 17 M oz gold reserve ƒ 584 M oz contained silver within repor

8. Slide 8: Alto Chicama – Regional Targets

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 C A J A M A R C A Alto Chicama – Regional Targets 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 Cap

9. Slide 9: Execution – Building New Mines

   BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Execution – Building New Mines Tulawaka, Tanzania ƒ EIS and project approval Q4 2003 ƒ Construction commenced first quarter 2004 ƒ Production expected Q1 2005 Kabanga, Tanzania

10. Slide 10: Execution – Exploration Strategy

    BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Execution – Exploration Strategy ƒ More than 95 projects in 9 countries ƒ > 2 million ounce gold deposits ƒ 6 high priority countries (Peru, Chile, Argentina, USA, Tanzania, Au

11. Slide 11: Resources to Execute Strategy

    BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Resources to Execute Strategy HUMAN ƒ New organizational structure – Consolidating life - of- mine accountability under the COO – Established regional economic business units –

12. Slide 12: Hedging – Policy Change

    BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Hedging – Policy Change ƒ Adopted a no-hedge policy ƒ Eliminate hedges opportunistically over time ƒ Reduced position from a high of: 24.1 M oz or 29% of reserves to 15.5 M oz

13. Slide 13: What’s Next – Target Production 2004 - 2007

    BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 What’s Next – Target Production 2004 - 2007 millions of ounces 6.8-7.0 6.4-6.6 4.9-5.0 5.3-5.5 1.8-1.9 2.5 South America 40% GROWTH 1.0-1.1 0.6 EXPECTED CASH 1.3-1.4 1.4 1.6-1.

14. Slide 14: Building Mines, Building Value

    BARRICK GOLD CORPORATION Citigroup Smith Barney – 2004 Global Industrial Manufacturing Conference New York – March 10, 2004 Building Mines, Building Value 14

Barrick Gold — Citigroup Smith Barney 2004 Global Industrial Manufacturing Conference on 6ix