African Barrick Gold Q4 2013 Production Results 21 st January 2014 - PowerPoint PPT Presentation

African Barrick Gold Q4 2013 Production Results 21 st January 2014

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Q4 2013 – Continued Delivery on Targets Q4 gold production of 165,374 ounces and sales of 168,177 ounces  Preliminary Q4 AISC of US$1,171/oz , down 30% on Q4 2012 and 8% on Q3 2013  Preliminary Q4 cash costs of US$774/oz , 19% lower than Q4 2012  Full year production of 641,931 ounces, 3% higher than 2012  Cash balance of US$282 million as at 31 December 2013  2

Key Metrics Q4 2013 Q4 2012 % change FY 2013 FY 2012 % change Gold Production (ounces) 165,374 180,684 (8%) 641,931 626,212 3% Attributable Gold Sold (ounces) 168,177 159,585 5% 649,742 609,252 7% Average realised gold price (US$) 1,251 1,700 (26%) 1,379 1,668 (17%) Cash cost (US$/ounce) 1 774 958 (19%) 827 941 (12%) All-in sustaining cost (US$/ounce) 1 1,171 1,675 (30%) 1,362 1,584 (14%) Head grade (grams per tonne) 3.2 3.0 7% 2.8 2.9 (3%) Ore tonnes processed (Kt) 1,817 2,067 (12%) 7,979 7,698 4% Process recovery rate (percent) 88.5% 90.0% (2%) 88.5% 88.3% 0% Copper production (Klbs) 3,548 4,266 (17%) 11,970 12,875 (7%) 3 1 Restated to reflect the impact of IFRIC 20

Delivering Consistent Reduction in Costs All In Sustaining Cost (US$/Ounce sold) Cash Cost (US$/Ounce sold) 2,000 1,250 ABG Cash Costs Global Average Cash Costs* 1,709 1,600 1,000 1,675 All In Sustaining Cost per Ounce Sold (US$/oz) 1,612 1,012 Cash Cost per Ounce Sold (US$/oz) 958 931 1,416 879 736 1,200 750 1,275 774 796 766 761 773 1,171 730 500 800 250 400 0 0 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 2013 Q3 12 Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 * Source: GFMS 4

Investment Proposition Strong production base in Tanzania and a long life, high grade reserve base  Strong balance sheet with a cash position of $282 million as at 31 December 2013  Full year production 7% ahead of guidance and cash costs 10% below bottom of guidance range  Consistent improvement in cost base with five successive quarters of reductions in AISC  Q4 2013 AISC of US1,171 per ounce is 30% lower than 12 months ago  New CEO and senior management in place to deepen and accelerate the Operational Review  High quality asset base – delivery on operational turnaround key to cash flow generation 5