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Barrick Gold CorporationCIBC World Markets – Whistler Conference – February 2003
Barrick Gold CorporationCIBC World Markets – Whistler Conference – February 2003
4
reserve additionsreserve additions
20012001
82.382.3
20022002
86.986.9
operationsoperations
PIERINAESKAY CREEKROUND MT.
PIERINAESKAY CREEKROUND MT.
BULYANHULUHEMLO
PLUTONICMEIKLE
BULYANHULUHEMLO
PLUTONICMEIKLE
operationsoperations
optimization of assetsoptimization of assets
production flexibilityproduction flexibility
better informationbetter information
operationsoperations
• increased backfilling
• more operating stopes
• greater production flexibility
• increased backfilling
• more operating stopes
• greater production flexibility
• advancing development• advancing development
• production: 5.4 - 5.5 M oz– closure of 5 mines
• cash costs: $180 - 190 / oz– higher royalties and other costs
• production: 5.4 - 5.5 M oz– closure of 5 mines
• cash costs: $180 - 190 / oz– higher royalties and other costs
2003 outlook2003 outlook
• production: 1.2 M oz– lower grades at Pierina
and Goldstrike
• cash costs: $190 - 195 / oz
• production: 1.2 M oz– lower grades at Pierina
and Goldstrike
• cash costs: $190 - 195 / oz
first quarter 2003first quarter 2003
Barrick Gold CorporationCIBC World Markets – Whistler Conference – February 2003
5
• operating CAPEX: $218 M• operating CAPEX: $218 M
• development CAPEX: $168 M• development CAPEX: $168 M
• exploration: $100-110 M• exploration: $100-110 M
2003 outlook2003 outlook
$386 M$386 M
ALTO CHICAMAALTO CHICAMA
$100-$100- $110 million$110 million
2003 exploration program2003 exploration program
• 5-year timeline
• 4 new mines
• 5-year timeline
• 4 new mines
development plandevelopment plan
• 2 million new ounces
• $125 per ounce
• 2 million new ounces
• $125 per ounce
development plandevelopment plan
Alto ChicamaAlto Chicama
20052005
500500@
$130CowalCowal
20052005
270270@
$170
VeladeroVeladero
20062006
530530@
$155
Pascua-LamaPascua-Lama
20082008
800800@
$85
outlookoutlook
STRONG BALANCE SHEET
INCREASING RESERVES
DEVELOPMENT PROJECTS
LONG-LIFE, LOW-COST MINES
STRONG BALANCE SHEET
INCREASING RESERVES
DEVELOPMENT PROJECTS
LONG-LIFE, LOW-COST MINES
Certain statements included herein, including those regarding, production,realized gold prices and costs constitute "forward looking statements"within the meaning of the United States Private Securities LitigationReform Act of 1995. Such forward looking statements involve known andunknown risks, uncertainties and other factors that may cause the actualresults, performance or achievements of Barrick or of the gold miningindustry to be materially different from future results, performance orachievements expressed or implied by those forward looking statements.These risks, uncertainties and other factors include, but are not limited to,changes in the worldwide price of gold or certain other commodities andcurrencies and the risks involved in the exploration, development andmining business. These factors are discussed in greater detail in Barrick'smost recent Annual Information Form and "Management's Discussion andAnalysis of Financial and Operating Results" on file with the U.S. Securitiesand Exchange Commission and Canadian provincial securities regulatoryauthorities.
Certain statements included herein, including those regarding, production,realized gold prices and costs constitute "forward looking statements"within the meaning of the United States Private Securities LitigationReform Act of 1995. Such forward looking statements involve known andunknown risks, uncertainties and other factors that may cause the actualresults, performance or achievements of Barrick or of the gold miningindustry to be materially different from future results, performance orachievements expressed or implied by those forward looking statements.These risks, uncertainties and other factors include, but are not limited to,changes in the worldwide price of gold or certain other commodities andcurrencies and the risks involved in the exploration, development andmining business. These factors are discussed in greater detail in Barrick'smost recent Annual Information Form and "Management's Discussion andAnalysis of Financial and Operating Results" on file with the U.S. Securitiesand Exchange Commission and Canadian provincial securities regulatoryauthorities.