Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Mines & Money Conference UK 2003
8 slides from Barrick Mining's conference presentation, Dec 3, 2003
Slide 1: The Impact of Consolidation on Exploration
Barrick Gold Corporation Mines & Money – December 2003 MINES & MONEY: The Impact of Consolidation on Exploration MINES & MONEY: The Impact of Consolidation on Exploration CONSOLIDATION FLIGHT OF SPECULATIVE CAPITAL LOW METAL PRICES PRICES CONSOLIDATION MINES & MONEY: The Impact of Consolidation on E
Slide 2: Consolidation: The Forces
Barrick Gold Corporation Mines & Money – December 2003 CONSOLIDATION THE FORCES 1. Investor Demand THE FORCES – Large and profitable – Continual growth THE OUTLOOK MINES & MONEY: The Impact of Consolidation on Exploration MINES & MONEY: The Impact of Consolidation on Exploration THE FORCES THE FORCE
Slide 3: The Forces and The Impact
Barrick Gold Corporation Mines & Money – December 2003 THE FORCES THE FORCES 1998 PRODUCTION 2002 1998 PRODUCTION 2002 8 MARKET CAP MARKET CAP 6 40 22 40 22 companies companies companies companies MINES & MONEY: The Impact of Consolidation on Exploration MINES & MONEY: The Impact of Consolidation on
Slide 4: Gold Exploration Spending and Exploration Cutbacks
Barrick Gold Corporation Mines & Money – December 2003 GOLD EXPLORATION SPENDING TOTAL EXPLORATION BUDGETS US$ billions 1997 2001 5.2 $3.3 B $0.9 B 3.7 DOWN 2.8 2.6 63% BARRICK 2.2 8% NEWMONT 21% 1.9 ANGLOGOLD 97 98 99 00 01 02 MINES & MONEY: The Impact of Consolidation on Exploration MINES & MONEY:
Slide 5: Exploration Cutbacks and Exploration Strategies
Barrick Gold Corporation Mines & Money – December 2003 EXPLORATION CUTBACKS EXPLORATION CUTBACKS US$ millions US$ millions $200 $149 $136 BHP-BILLITON BARRICK $104 HOMESTAKE PRE POST PRE POST MINES & MONEY: The Impact of Consolidation on Exploration MINES & MONEY: The Impact of Consolidation on Expl
Slide 6: The Investment Industry
Barrick Gold Corporation Mines & Money – December 2003 THE INVESTMENT INDUSTRY FEWER MINING COMPANIES FEWER FEWER ANALYSTS STOCKS MINES & MONEY: The Impact of Consolidation on Exploration MINES & MONEY: The Impact of Consolidation on Exploration MINING INDUSTRY FINANCINGS REDUCED EXPLORATION R&D US$
Slide 7: Synergies and Opportunities; The Outlook
Barrick Gold Corporation Mines & Money – December 2003 TECHNOLOGICAL ADVANCES SYNERGIES AND OPPORTUNITIES § Larger contiguous land packages LESS § New exploration areas R&D § Spin-off opportunities SPENDING § Increased market cap attracts more SHORT TERM attention SAVINGS MINES & MONEY: The Impact o
Slide 8: Disappearing Exploration Dollars
Barrick Gold Corporation Mines & Money – December 2003 INVESTOR INCREASED LOWER LOWER DEMANDS COMPETITION PRICES BUDGETS The Impact of Consolidation The Impact of Consolidation LOWER FEWER NEW EXPANDED on Exploration R&D on Exploration JOBS SYNERGIES HORIZONS DISAPPEARING EXPLORATION DOLLARS MINES &