Plutonic Gold Mine

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Operations

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Plutonic Gold Mine: Location of Operations

PlutonicPlutonic

0 500km

Scale

Barrick Operations

Newmont Operations

Placer Operations

DarlotLawlers

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Plutonic Gold Mine: Historic Note

1987 - 1989 New discovery by Great Central and acquisition by Plutonic Resources

1990 Commencement of Open Pit mining

1995 Commencement of Underground mining

1998 Homestake Mining acquires Plutonic Resources

1998-2000 Underground expansion

2000 Commencement of underground mining at Plutonic East

2001 Barrick and Homestake Merge

2002 Record reserves

2003 Transition to Owner Mining and construction of Paste Fill plant

2003 Expect record production

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Plutonic Gold Mine: Safety

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Plutonic Gold Mine: Property Overview

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Plutonic Gold Mine: Geology

Hosted in Archaean mafic and ultramafic volcanicsand sediments

Lodes developed in mafic volcanic units

Gold associated with sulfides

Multiple stacked lodesarranged in thicknesses between 1-10 meters (approx: 3 - 35 feet)

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Plutonic Gold Mine: Mine Plan

•ZON550

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Plutonic Gold Mine: Marwest Pit-Section 20560N

East West Section

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Plutonic Gold Mine: Mining and Processing

Underground access by multiple interconnecting declines

Producing 1,200,000 tpa from underground

Mining - room and pillar and long hole open stoping

Paste fill was introduced in 2003

Two independent CIL processing plants

Plant 1 - 1.8 million tonne/year of sulphide ore approx 80% from underground

Plant 2 - 1.2 million tonne/year Open Pit oxide ore

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Plutonic Gold Mine: Mining - Room and Pillar

Initial network of development drifts in ore

Multiple production focus

Load and haul

Breast stoping

Vertical benching

Support pillars progressively mined on retreat

Benching thickerparts of the ore body

Benching thickerparts of the ore body

PillarPillar

VerticalBenchingVertical

Benching

FrontBenchingFrontBenching

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Plutonic Gold Mine: Long Hole Open Stoping

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Plutonic Gold Mine: Ore Processing

Plant 1

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Plutonic Gold Mine: Ore Processing (cont.)

Plant 2

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Plutonic Gold Mine: Production/Cost Summary

0

50,000

100,000

150,000

200,000

250,000

300,000

350,000

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Gold Cash Cost per Ounce

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Plutonic Gold Mine: Operating Costs

Cost per ton milled

35.3032.38Underground

1.941.80Open Pit

Cost per ton mined

24.03 23.85 Mining

36.24 36.73 Total

4.41 4.79 G&A

7.80 8.08 Milling

YTD 20033rd Quarter 2003A$/ton

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Plutonic Gold Mine: Operating Parameters

236

86.0

0.082

3,344

1999

288

91.3

0.091

3,496

2001

307

89.5

0.097

3,532

2002

254

89.1

0.085

3,347

2000

2,993Tons ‘000sTonnage Milled

315oz ’000sGold Production

89.4%Recovery

0.118oz/tonHead Grade

2003 EUnits

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Environmental and Community Achievements

Commencement of TSF1 closure

Now use in pit tails disposal

Concurrent rehabilitation of waste dumps with mining.

Successful management of six priority flora, one scheduled animal and conservation habitat .

Successfully conducted several site clearances with people from Yulga Jinna Aboriginal Community.

Program to upgrade all hydrocarbon storage facilities to be completed in 2003

Bulk Cyanide handling facility installed.

Received the Golden Gecko Certificate of Merit in 2001

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Plutonic Gold Mine: Reserves and Production

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1000

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1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002

Oun

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O/P Production U/G Production

O/P Reserves U/G Reserves

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Plutonic Gold Mine: Reserves/Resources 31st Dec 2002

3,470,000

2,533,000

Contained oz

0.18113,976,000Reserves

*excludes reserves

0.13026,682,000Resources*

Grade oz/ttons

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Plutonic Gold Mine: Exploration Targets

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Plutonic Gold Mine: Timor Oblique Section 36800mN

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Plutonic Gold Mine: Future Plans

Develop new Open Pits on the Marymia tenements

Develop underground satellite deposits

Phase out Treatment Plant 2 in 2004

Continue infill drilling in Timor Zone19 and Zone 124

Expand exploration west ofZone19

Drill further extensions to the underground mine

Optimise the underground mine

Continuous Improvement Program

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Cautionary Statement

FORWARD LOOKING STATEMENTCertain statements included herein, including those regarding production and costs 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.

Plutonic Gold Mine

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