Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Corporate Update (July 2019)
22 slides from Barrick Mining's corporate update, Jul 30, 2019
Slide 1: Solid Foundation to Create Shared Value for San Juan and Argentina
SOLID FOUNDATION TO CREATE SHARED VALUE FOR SAN JUAN AND ARGENTINA NYSE : GOLD TSX : ABX Update on Veladero and relevant projects World class mines. World class people San Juan. July, 2019
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: Our Vision for Argentina
OUR VISION FOR ARGENTINA To be the world’s most valued gold mining business by finding, developing and owning the best assets, with the best people, to deliver sustainable returns for our owners and partners Strong past and present contributions to Argentina, San Juan and host communities Veladero d
Slide 4: Mining Impact in San Juan
MINING IMPACT IN SAN JUAN GDP Growth: San Juan vs Argentina SAN JUAN MINING GDP Base Year: 1993, 2004 = 100 MM$ X 42 +153% 2004 2018(F) SAN JUAN EXPORTS MM$ Gualcamayo +46% Mining 1289 Casposo Others 932 X61 207 Veladero 2004 2018 (F) VL MINING EMPLOYMENT DIRECT 2004 2005 2006 2007 2008 2009 2010 20
Slide 5: Veladero Contributions
VELADERO CONTRIBUTIONS From 2005 to December 31, 2018 8.7 $10.6 $2.5 $648 $5.7 MILLION BILLION BILLION MILLION BILLION OUNCES EXPORT TAXES SALARIES LOCAL PRODUCED INCOME PAID SERVICES
Slide 6: 2018 Veladero Contributions
2018 VELADERO CONTRIBUTIONS 2018 Purchases MM$ $ 448M 91% 34% million – sales income 40 152 San Juan On Purchases National Of MAS’s purchases went in-country spending was in $402 M from International to local, regional, and San Juan businesses 40% 256 national businesses in 2018 Argentine without co
Slide 7: Health, Safety and Environment
VELADERO SOLID PERFOMANCE ON HEALTH, SAFETY AND ENVIRONMENT 0.27 Reportable Safety Frequency Rate over 3,724,992 manhours worked Jan - Jun 2019 0 Reportable Environmental Incidents. Re Certificated ISO 14001 Mercury exported: 96 tonnes shipped 200 tonnes planned 2Q 2020
Slide 8: Trust Funds Contributions
TRUST FUNDS CONTRIBUTIONS ARGENTA PHASE 6 to 9 EPRE INFRASTRUCTURE BYPASS & SAN GUILLERMO VELADERO LAMA $ 7.8 M ~$70 M $92.3 M $ 39.2 M $ 5.7 M Argenta Fund: Phase 6 Fund: EPRE Fund: San Guillermo and Bypass in Iglesia: $7.8 M paid 2012- 1.5% of total sales once $37.3 M paid 2014-2016 for Infrastruc
Slide 9: Building Sustainable Value for Communities
BUILDING SUSTAINABLE VALUE FOR COMMUNITIES
Slide 10: Potable Water Plants
SUSTAINABILITY - COMMUNITIES POTABLE WATER PLANTS Cooperation Agreement with Iglesia Municipality and Water Management Authority Over 90% of Iglesia department benefited 5 plants built and 1 new well to date Maliman, Maipirinque, Tambilo, Rodeo Colola, Rodeo Hospital and new well in Las Flores 2 p
Slide 11: Vegetable Supply Program
SUSTAINABILITY - COMMUNITIES VEGETABLE SUPPLY PROGRAM Cooperation agreement with Ministries of Mining and Production, Municipalities of Iglesia and Jachal, ARAMARK, and Iglesia and Jachal Productive Board Associations. More than 30 affiliated producers since 1st campaign in 2017 Results for the 20
Slide 12: Education and Training
SUSTAINABILITY - COMMUNITIES EDUCATION AND TRAINING Cooperation agreement FINES plan for 74 with Ministries of students from Iglesia Education and Mining and Jachal to for education initiatives complete secondary school 2 Training Courses in 45 Iglesia and electrical, cooling Jachal systems maintena
Slide 13: Forestation Plan
SUSTAINABILITY - COMMUNITIES FORESTATION PLAN 12,000 trees in Iglesia and Jáchal during 2019 and 2020 Commitment of the Veladero Environmental Impact Assessment 7th update Plan approved by Urban Woodland Agency and Ministry of Mining MAS to be in charge for Irrigation works Native trees will be plan
Slide 14: Local Employment & Purchasing
SUSTAINABILITY - COMMUNITIES LOCAL EMPLOYMENT & PURCHASING Actions to support Local Development 22.4% of Veladero Employees are sourced from Iglesia and Jachal to June 2019. Veladero and its contractors purchase goods and services from more than 90 community suppliers Contractual Employment and Comm
Slide 15: Veladero Delivers Solid Performance
VELADERO DELIVERS SOLID PERFORMANCE
Slide 16: Veladero Snapshot
VELADERO SNAPSHOT First gold 2005 Reserves* 3551 workers (SJ 86.37%) Current projected Life of 5Moz proven and probable to June 30 2019 Mine: 2025-2028 Resources* 11 Foreign 0,31 % Mining Fleet 2.6Moz Measured and indicated 473 Argentina 13,32% 5 shovels (2 new in 2019 Liebherr 1.1Moz Inferred 996
Slide 17: Veladero Roadmap
VELADERO ROADMAP Vision Focus Priorities Veladero + Exploration Renewed focus on Brownfields exploration and near mine …return targets to a Tier Review our geological model and productivity One + Production Phase 6 Leaching Pad Operational permits mine Libertadores Power Line - Costs Impact of trust
Slide 18: Production 2018-2019
VELADERO SOLID PERFOMANCE ON PRODUCTION 2018-2019 Veladero Quarterly Gold Production (koz) – 100% Oz 000 140 120 100 80 60 40 20 0 Q1-2018 Q2-2018 Q3-2018 Q4-2018 Q1-2019 Q2-2019
Slide 19: Future: Renewed Commitment to Investing in Infrastructure and Exploration
FUTURE: RENEWED COMMITMENT TO INVESTING IN INFRASTRUCTURE AND EXPLORATION
Slide 20: Potential for the Future
EXPLORATION JUMP STARTED POTENTIAL FOR THE FUTURE Near term Veladero - Re-logging process continues according Los Amarillos to the plan and geology model review progressing according its schedule, Cuatro Esquinas – near PASCUA LAMA surface results beat expectations and Satellite Targets progress P
Slide 21: Investment in the Region
STRONG INVESTMENT IN THE REGION VFLF PHASE 6 VFLF PHASE 4B 5B POWER LINE AIRSTRIP EXPLORATION BUDGET $ million 145.5 8.3 37.6 6.6 33.9 WORKERS ~1,101 ~151 ~433 ~80 START Construction Started Started Q3 2019 Q4 2019 2019 EXPECTED COMPLETION Nov 2020 Jan 2020 Jun 2020 Apr 2020 2021 DATE
Slide 22: Technical Information
TECHNICAL INFORMATION The scientific and technical information contained in this presentation has been reviewed and approved by Chad Yuhasz, P.Geo , Mineral Resource Manager, Latin America and Australia Pacific; Rodney Quick, MSc, Pr. Sci.Nat, Mineral Resource Management and Evaluation Executive; an