Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Shareholder Meeting (April 2013)
10 slides from Barrick Mining's shareholder meeting presentation, Apr 24, 2013
Slide 1: Annual Meeting 2013 Driven by Returns
Annual Driven Meeting 2013 by Returns CAUTIONARY STATEMENT ON FORWARD FORWARD--LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, strategy, p projects, rojects, plans or future A Review of the Year financ
Slide 2: A Review of the Year
A Review of the Year A Review of the Year Challenge Action Taken Challenge Action Taken Pascua Pascua--Lama cost Reset project structure Lumwana operating Developed new mine plan focused increase and Hired Fluor to manage the project underperformance, on maximizing free cash flow schedule
Slide 3: 2012 Operating Results / First Quarter 2013 Financial Results
2012 Operating Results First Quarter 2013 Financial Results Gold Production Copper Production Net Earnings Adj. Net Earnings Operating Moz Mlbs US$M US$M Cash Flow US$M 7.7 468 1,096 , 74 7.4 451 1,039 1 039 1,374 1 374 AISC of C1 cash costs of 923 $918 918/oz /oz(1) $2.03/lb(1) 847 1,085 Tota
Slide 4: Cost Inflation – Declining Grades Rising Industry All-In Costs
Cost Inflation – Declining Grades Rising Industry “All-In” Costs US$ per ounce g/mt US$ per ounce $1,750 2.1 $1,200 Gold Price Sustaining capital $1,500 2.0 Other 480% $1,000 G&A Barrick 2013E Barrick 2012 $1,250 1.9 Exploration $800 Operating $1,000 1.8 $600 $750 1.7 $400 22% $500 1.6 Weighted Avg.
Slide 5: Cortez Nevada Exploration Focused
Cortez Exploration Focused Turquoise Ridge Goldstrike Nevada in Nevada Marigold Carlin Elko Battle Mtn. Production of 1 1.4 4 million More M than th 40% off ounces at AISC of 2013 exploration AREA Cortez Goldrush ~$545 per ounce budget of $300- $300-$340 ENLARGED RIGHT Bald Mtn. Continued expl
Slide 6: Lagunas Norte, Veladero and Superior Group of Key Assets
Lagunas Norte Veladero Peru Argentina 0.75 0 75 million ounces at Exceeded feasibility AISC of ~$370 per ounce production estimates Outperformed in last four years production estimates ~20% more each yyear since 2005 production than p start--up start expected ~50% more production than expe
Slide 7: Pueblo Viejo – Ramp-Up on Schedule / Pascua-Lama
Pueblo Viejo – Ramp-Up on Schedule Pascua-Lama Full capacity expected to be reached in H2 2013 Average annual production of 625,000- 625,000-675,000 ounces(1) in first full five years Reagent Storage Merrill-Crowe Process Leaching Grinding Covered Stockpile Conveyor Footings (1) Barrick’s 60% sh
Slide 8: Free Cash Flow Growth
A Framework for Producing Returns Free Cash Flow Growth Large, low cost mines in favorable, 2012 − project capital intensive Post 2014 − strong free cash flow prospective mining jurisdictions growth potential $5.4B Recalibrated long term production base $2 6B $2.6B positioned iti d to t Total Pr
Slide 9: Strengthening Corporate Responsibility
Strengthening Corporate Responsibility Our Approach to Corporate Responsibility Create shared benefits Contribute to economic and social development Strong management systems, aligned with international standards Progress in 2012 Community Investments Community Environmental Global Human Porge
Slide 10: 2013 Priorities
Corporate Responsibility Recognition 2013 Priorities Meet Ramp up Pascua-Lama Improve production Pueblo Viejo - clarify performance Member 2012/13 and cost to full regulatory at Lumwana guidance capacity matters Actively Identify Identif Id tif waysa s Strengthen Advance pursue to further Corporate