Barrick Mining Corporation · TSX:ABX
Barrick Mining — Fact Sheet (March 2023)
16 slides from Barrick Mining's fact sheet, March 2023
Slide 1: Facts & Figures March 2023: 2022 Highlights and Why Invest in Barrick
Facts & Figures March 2023 2022 HIGHLIGHTS ALL AMOUNTS EXPRESSED IN US DOLLARS WHY INVEST IN BARRICK GROUP GOLD PRODUCTION GROUP COPPER PRODUCTION NET EARNINGS Best asset base 4.1 440 $432 Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in the industry. Growing
Slide 2: To be world class you have to be global
TO BE WORLD CLASS YOU HAVE TO BE GLOBAL 13 GOLD MINES AND 3 COPPER MINES 2
Slide 3: 2023 Guidance
2023 GUIDANCE 4 GOLD COPPER 4.2 – 4.6 Moz 420 – 470 Mlb GROUP GOLD PRODUCTION GROUP COPPER PRODUCTION $1,170 – $1,250 $2.60 – $2.90 COST OF SALES PER OUNCE5 COST OF SALES PER POUND5 $820 – $880 $2.05 – $2.25 TOTAL CASH COSTS PER OUNCE6 C1 COSTS PER POUND7 $1,170 – $1,250 $2.95 – $3.25 AISC PER OUNCE
Slide 4: The Gold Standard in Sustainability, Investing in a Better Future
THE GOLD STANDARD INVESTING IN A IN SUSTAINABILITY BETTER FUTURE ESG has become a mainstream We recognise that the world’s We strive to be a good corporate concept but for Barrick it is nothing climate risks, poverty rates and citizen and a genuine partner for new. Sustainability, socio-economic bio
Slide 5: Nevada Gold Mines
NEVADA GOLD MINES Nevada Gold Mines (NGM) is the single largest gold-mining complex in the world, producing more than 3 million ounces a year.i Owned 61.5% and operated by Barrick, it comprises three of the company’s NGM has committed to a 20% carbon reduction by 2025 which will be Tier One assets —
Slide 6: Pueblo Viejo
PUEBLO VIEJO Pueblo Viejo consists of two open pits, Moore and Monte Negro, with processing through autoclaves. Pueblo Viejo is a conventional truck and shovel mining operation where commercial production began in 2013. The mine is approximately 100 kilometres northwest of the national capital of Sa
Slide 7: Loulo-Gounkoto
LOULO-GOUNKOTO The Loulo-Gounkoto complex comprises the Yalea and Gara underground operations, the Gounkoto open pit operation as well as a number of satellite deposits. The complex is located 500km north west of the Malian capital of Bamako on the border with Senegal. Production at Loulo started in
Slide 8: Kibali
KIBALI Kibali was developed by legacy Randgold and ranks as one of the largest gold mines in Africa. Kibali comprises an integrated open pit and underground operation, as well as a 7.2 million tonnes per annum processing plant. First gold was poured in 2013 from open pit operations, while full under
Slide 9: Copper Portfolio
COPPER PORTFOLIO LUMWANA ZALDÍVAR JABAL SAYID Lumwana is a conventional open pit truck and Zaldívar is a 50/50 joint venture with Antofagasta Jabal Sayid is located 350 kilometres north-east shovel operation. The 100%-owned mine is located Plc, the operator of the mine. The open-pit, heap of Jeddah
Slide 10: Exploration
EXPLORATION Successful exploration is the lifeline for any mining company, being to mining what research and development is to the pharmaceutical industry. Both Barrick and Randgold were built on pioneering exploration Our strategy is to: success as well as significant reserve additions that followe
Slide 11: Our Commitment to Shareholder Returns
OUR COMMITMENT TO SHAREHOLDER RETURNS Record cash returns to shareholders in 2022 of $1.6 billion in the form of dividends and share buybacks Returns to Shareholders A new $1 billion share buyback program $ millions announced for the next 12 monthsi In addition to our quarterly base dividendii, a pe
Slide 12: Building for the Future: 10-Year Gold and Copper Outlook
BUILDING FOR THE FUTURE 10-YEAR GOLD AND COPPER Base case production outlook with Reko Diq and Lumwana Super Pit (Gold equivalent koz) On an attributable basis. Gold equivalent ounces from copper assets are calculated using a gold price of $1,650/ Refer to Appendix A. Upside scenario assumes the re-
Slide 13: Key Numbers, Investing in Our Future
KEY NUMBERS INVESTING IN GOLD RESERVES (Moz)10,13 Financial Results 2022 2021 OUR FUTURE Realized gold price11 $ per ounce 1,795 1,790 Organically replacing Net earnings Adjusted net earnings12 $ millions $ millions 432 1,326 2,022 2,065 reserves net of depletion Net cash provided by operating activ
Slide 14: Endnotes
ENDNOTES Endnote 1: “EBITDA” is a non-GAAP financial measure, which excludes the following from net earnings: income tax • Production from Pierina and Golden Sunlight, which are currently in care and maintenance. expense; finance costs; finance income; and depreciation. Management believes that EBIT
Slide 15: Technical Information, Appendix A Project Pipeline
expenditures represent the capital spending at new projects and major, discrete projects at existing operations intended noted. Proven mineral reserves of 240 million tonnes grading 2.20g/t, representing 17 million ounces of gold, and 380 to increase net present value through higher production or lo
Slide 16: Cautionary Statement on Forward-Looking Information
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this fact sheet, including any information as to our countries in which Barrick does or may carry on business in the future; risks relating to political instability in certain of the str