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BARRICK GOLD CORPORATION Goldstrike Tour – November 2005

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BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 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 performance, constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “contemplate”, “target”, “plan”, “intends”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule”, and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management are inherently subject to significant business, economic and competitive uncertainties and contingencies. We caution you that such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual financial results, performance or achievements of Barrick to be materially different from our estimated future results, performance or achievements expressed or implied by those forward-looking statements and our forward-looking statements are not guarantees of future performance. These risks, uncertainties and other factors include, but are not limited to: changes in the worldwide price of gold or certain other commodities (such as silver, copper, diesel fuel and electricity) and currencies; changes in interest rates or gold lease rates that could impact realized prices under our forward sales program; legislative, political or economic developments in the jurisdictions in which Barrick carries on business; operating or technical difficulties in connection with mining or development activities; the speculative nature of gold exploration and development, including the risks of diminishing quantities or grades of reserves; and the risks involved in the exploration, development and mining business. These factors are discussed in greater detail in Barrick’s most recent Form 40-F/Annual Information on file with the U.S. Securities and Exchange Commission and Canadian provincial securities regulatory authorities. Barrick expressly disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, events or otherwise. 1 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 NORTH AMERICAN REGION – FOCUS AREAS FOR VALUE CREATION BARRICK’S STRATEGIC OBJECTIVES 1.0 FOCUS ON ENVIRONMENT, HEALTH & SAFETY 2.0 DELIVER RESULTS 3.0 STRENGTHEN OUR ORGANIZATION 4.0 GROW THE BUSINESS BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Community McLaughlin Reserve Endowment Storey County School District The Nature Conservancy Mining Association of B.C. Education Fund BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 2 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Human Resources Turnover not a significant issue at Barrick mines Remain competitive Maintain good work environment – be team players Exporter of talent to other regions and Toronto 14.0% 12.0% 10.0% 8.0% 6.0% 4.0% 2.0% 0.0% 2000 2001 2002 2003 2004 2005 (projected) 2005 Worldwide Gold Prices (% Change) 140% US$(%) AUS$(%) CAD$(%) 132% 130% 120% 110% 101% 100% 99% 90% 80% 70% 60% ar-05 ar-04 ar-03 ay-05 ay-04 ay-03 Jul-05 Jul-04 Jul-03 Jan-05 Jan-04 Jan-03 Sep-05 M Sep-04 M Sep-03 M Nov- 05 Nov- 04 Nov- 03 M M M BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 3 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Cost Pressures Natural gas prices Natural Gas may leap 71% Iron ore increases 80% Baosteel Accepts 71.5 Per Cent Iron Ore Price Increase Record Oil Prices & Propane Prices Strong “Looney” Higher and higher -- again: Gasoline prices set record Canadian Dollar Gains Most vs U.S. Dollar: Currency Scorecard Sept. 20 (Bloomberg) BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Barrick North America Consumes 1.2 billion KW of power Consumes 29 million gallons of diesel Consumes 27 million gallons of propane BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 4 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Continually Improve “Every person going home safe. .” Manage Commodity Consumption Energy Management Continuous Improvement Manage Labor BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Barrick’s Vision: “ To be the world’s best gold company by finding, developing and producing quality reserves in a profitable and socially responsible manner” BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 5 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Western 102 Project - Location BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Western 102 Project Construction/Plant Details Contract to Wartsila for engineering, procurement and construction. 14 – 8.4 Megawatt gensets Net 115.6 MW Plant Total Output Natural gas fired reciprocating engines with closed loop water cooling systems BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 6 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Western 102 Project - Environmental Zero discharge design Closed loop – water glycol cooling system Very low water usage (+/- 200 gallons per day) Emission control – Selective Catalytic Reduction (SCR) Noise abatement – soundproofed and insulated BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Western 102 Project BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 7 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Western 102 Project - Engine Hall B BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Western 102 Project - SCR Emissions Control BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 8 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Eskay Creek British Columbia C A N A D A Hemlo Ruby Hill – Ontario GoldstrikeU N I T E D S T A T E S Toronto Marigold Head Office Salt Lake City East Archimedes East Archimedes Regional Office Round Mountain Eureka, Nevada Nevada Eureka, NV Pit West East Dump Dump BARRICKExpanded GOLDSTRIKE Pad MINE TOUR – NOVEMBER 2005 Ruby Hill - East Archimedes Record of Decision received Pre-strip in 2005-2006 Gold production starts in 2007 6-year mine life $75 million in construction capital, including $31 million in capitalized stripping costs BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 9 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Phase 5A - pre-permitting - 7,460 K tons waste BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Ruby Hill - Mining in July BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 10 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Eskay Creek Round Mountain British Columbia C A N A D A Hemlo Ontario Nevada GoldstrikeU N I T E D S T A T E S Toronto Marigold Head Office Salt Lake City Barrick ownership: 50% East Archimedes Regional Office Round Mountain Nevada Operator: Kinross Big Smoky Valley Gold Hill Pit Expansion Hadley Round Mountain Mine BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Round Mountain – Pit Expansion Evaluation Significantly extends Life of Mine at low risk Positioned for higher gold prices Bridges production for exploration successes underground Defers closure cost BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 11 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Round Mountain – U/G Exploration Project Plan: 6,400 feet of drift development 39,500 feet of underground drilling Contract signed May 31 with J.S. Redpath First portal shot on July 5 Portal and surface facilities under construction Drilling complete by mid-year 2006 Potential production in 2008 BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Round Mountain – U/G Exploration Project Ultimate Pit Design Northwest Pit Wall Proposed Decline South Pit Wall Proposed Drill Program to drill out resource on 100ft centers Deep Northwest BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 12 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Exploration BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 U T A H I D A H O ELKO Goldstrike Mine Carlin O R E G O N Nevada – Battle Mountain Eureka (4) l l e h c t e G Marigold Mine N E V A D A Round Mountain Mine East Archimedes Project Exploration BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 PowerProject Plant C A L I F O R N I A 13 RENO BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike and Carlin Trend ROSSI STORM REN 2005 Projects DEE MEIKLE RODEO GOLDSTRIKE BETZE/POST GENESIS W. LEEVILLE Simon Creek JV CARLIN CARLIN VALLEY GOLD QUARRY 0 2.5 5 MILES BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Goldstrike - Property Exploration ELKO COUNTY Storm Goldstrike ADOBE RANGE EUREKA COUNTY S. Arturo Ren Meikle Rodeo Elko North Pit North Post Betze-Post 01234 Carlin Miles BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 14 BARRICK GOLD CORPORATION Goldstrike Tour – November 2005 Goldstrike 2005 Exploration Program 160,000’ drilling completed YTD Program is testing 9 projects in Target Delineation to Reserve Development stages Focus on North Post, PFZ North, North Pit and South Pit resource/reserve development Positive results at North Pit, PFZ North and North Post BARRICK GOLDSTRIKE MINE TOUR – NOVEMBER 2005 Goldstrike 2005 Target Areas BOOTSTRAP Quaternary Alluvium 25000N 25000NTertiary Carlin Jurassic Diorite Devonian Rodeo Creek Unit BANSHEE Devonian Popovich Fm Silurian-Devonian 20000N MEIKLE 20000NRoberts Mountains Fm, TARA Bootstrap Limestone West Banshee P E Silurian Elder Fm, Z GRIFFIN Ordovician Vinini Fm, - N Devonian Slaven Chert n o o r r t Gold Deposit Footprint t h h North Pit E
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