Barrick Mining Corporation · TSX:ABX
Barrick Mining — Africa Mining Indaba 2023
17 slides from Barrick Mining's conference presentation, Feb 6, 2023
Slide 1: …a clear strategy focussed on sustained value creation
…a clear strategy focussed on sustained value creation Investing in Africa Mining Indaba, February 2023
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, o
Slide 3: About Barrick…
About Barrick… Our business Barrick is a sector-leading gold and copper producer. Our portfolio spans the world’s most prolific gold and copper districts and is focused on high-margin, long-life assets Our purpose We are building the world’s most valued gold and copper company by owning the best ass
Slide 4: What sets us apart?
What sets us apart? 6 $1.4 billion $1 billion Tier One Gold Assets1 Paid to shareholders in 2021 Share buyback program used owned and operated by through industry-leading opportunistically when shares do Barrick – the most in the dividend framework and return not reflect the value of our assets worl
Slide 5: By the numbers…
By the numbers… 2022: 4.1MOZ 440Mlbs $35Bln Gold production in 2022. Copper production in 2022. Barrick’s market capi. The Largest global gold producer Integral to our business second highest of any gold – operations under strategy. miner. management. 2021: (2022 numbers will be reported on 15 Febru
Slide 6: To be world class you have to be global
To be world class you have to be global Barrick operates on 4 continents in 19 countries Donlin (50%) CANADA Loulo- NGM (61.5%) Golden Sunlight Gounkoto Turquoise Ridge Phoenix 80% Geographical distribution Carlin USA Hemlo 100% Mozproduction of 2022 gold Cortez incl Goldrush DOMINICAN Pueblo Viejo
Slide 7: Barrick and Gold as an Investment
A Proven Barrick and Gold as an Investment Asset # 1 Gold remains a reliable store of wealth and can act as a hedge against inflationary and geopolitical pressures Barrick is the largest gold producer in the United States It’s a currency that you can’t create, and politicians can’t print. In times o
Slide 8: Barrick's Gold Production Outlook
Barrick’s Gold Production Outlook 10-Year GOLD Base case production outlook (Koz) North America LATAM and AP Africa and Middle East Porgera (24.5%) 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 On an attributable basis. Refer to A
Slide 9: Barrick and Copper as an Investment
Copper… Increasingly Barrick and Copper as an in demand Investment #1 Copper is one of the most strategic metals, yet it is quite scarce and difficult to mine One of the largest undeveloped copper-gold projects, Reko Diq, will Among other uses, copper is needed in the healthcare sector to fight sign
Slide 10: Barrick's Copper Production Outlook
Barrick’s Copper Production Outlook 10-Year COPPER Base case production outlook (Mlbs) Lumwana Base + SuperPit Zaldivar (50%) Jabal Sayid (50%) Reko Diq (50%) 800 750 700 650 600 550 500 450 400 350 300 250 200 150 100 50 0 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 On an attributable basis.
Slide 11: Investing in the Next Generation of Leadership
Investing in the Next Generation of Leadership >40 We partner with local communities to develop talent Decades of experience among Barrick executives have deep knowledge and experience in the mining our executive leadership team industry and use this expertise to cultivate the next generation of tal
Slide 12: Committed to Shareholder Returns
Committed to Shareholder Returns In addition to our quarterly base dividend, a performance enhancement is declared based on PERFORMANCE DIVIDEND POLICY amount of cash, net of debt, on our balance sheet at Quarterly the end of each quarter Performance Dividend Level Threshold Level Quarterly Base Div
Slide 13: Investing in a Better Future
Investing in a We conduct our business with Better Future We empower local integrity, transparency and communities fairness ESG has become a mainstream concept but for Barrick it is nothing new – sustainability, socio-economic upliftment and We put biodiversity management have We prioritise local sa
Slide 14: Why invest in Barrick?
In Summary Best Asset Base Why invest Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in Barrick? in the industry Growing Copper Exposure Well positioned to capitalize on global decarbonization trends driving the long-term fundamental strength in copper Sustain
Slide 15: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us 15
Slide 16: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. A Strategic Asset is an asset which
Slide 17: Appendix A - Outlook
Appendix A - Outlook Key assumptions 2022 Guidance 2023 2024 2025+ Gold Price ($/oz) 1,700 1,650 1,300 1,300 Copper Price ($/lb) 4.00 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 65 90 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 120.00 120.00 120.00 CAD Exch