Barrick Mining Corporation · TSX:ABX
Barrick Mining — SEG 2023 Conference
19 slides from Barrick Mining's conference presentation, August 2023
Slide 1: Gold…Responsible discovery and mining in the 21st Century
Gold…Responsible discovery and mining in the 21st Century SEG, August, 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: Gold price - a measure of US$ devaluation
GOLD… Gold price - a measure of US$ devaluation the ultimate investment choice? $3,000 $35 $2,500 $30 US National Debt (US$ trillion) Gold has long been considered a store of value and a hedge against $25 $2,000 economic uncertainty Gold price (US$/oz) $20 American public debt has risen annually sin
Slide 4: Estimated Metal Supply (2011 – 2030)
Estimated Metal Supply (2011 – 2030)… GOLDi COPPERii Mined gold production is estimated to plateau at current levels Copper production is expected to increase in the near term – with a lack of quality projects to replace current supply. but without new production, supply is expected to fall far shor
Slide 5: New Major Gold Discoveries
New Major Gold Discoveries… Over the past two decades, new gold discoveries have slowed considerably, with more gold production today coming from older mines The lack of new discoveries is being driven by declining exploration budgets, companies choosing to focus more on advanced-stage assets, and t
Slide 6: New Major Copper Discoveries
New Major Copper Discoveries… Number of major discoveries Copper exploration budget 18 17 $5,000 16 16 $4,500 15 15 Copper Exploration Budget (US$m) $4,000 Number of Major Copper Discoveries 14 13 12 $3,500 12 11 11 10 10 10 $3,000 10 9 9 8 8 8 $2,500 8 7 7 7 7 $2,000 6 5 $1,500 4 4 3 $1,000 2 2 1 1
Slide 7: Where to go to find world class gold and copper deposits
Where to go to find world class gold and copper deposits… N America Kupferschiefer Tethyan Metallogenic 2 Boz gold Baltica Belt Siberian Craton Cu Belt 0.4 Bt copper Canadian Shield Europe 0.5 Boz gold 0.2 Bt copper Asia Pacific North American Africa & 2.5 Boz gold Cordillera Middle East 0.6 Bt copp
Slide 8: Innovative exploration must be built on geological fundamentals
Innovative exploration must be built on geological fundamentals… Advances in geochemical assay technology Higher resolution, lower cost and more powerful geophysical and remote imaging platforms Drone based technology Advances in drill-core surveying tools and automation Lower-cost drilling methods
Slide 9: Industry needs more exploration geologists and long term strategies
…Industry needs more exploration geologists and long term strategies There are no silver bullet techniques, technologies or Declining Discovery algorithms rate Exploration innovation must be built on a strong foundation of fundamental geological skills, knowledge and understanding (people) Weak geol
Slide 10: Mining’s contribution to developing economies
Mining’s contribution to developing economies… The majority of countries with significant minerals and metals exports (as a percentage of total merchandise exports) are developing economies which rely on the mining industry’s contribution for economic growth The gold mining industry has a significan
Slide 11: Social & Economic contribution of gold mining in 2021
Social & Economic contribution of gold mining in 2021*… $35.4bn $11.7bn Payments to in-country payments to employees $10bn suppliers 386 984 payments to total workforce governments supporting livelihoods 95% $451.8m employees are host country nationals total payments to communities $57.1bn total in-
Slide 12: Holistic and Integrated Management
Holistic and Integrated Management The Bridge to Achieving the UN SDGs Sustainability Vision is underpinned by the knowledge that sustainability aspects are interconnected This approach is based on science and links to the UN Sustainable Development Goals (SDGs), and seeks to deliver outcomes that a
Slide 13: Adding value through exploration success
Adding value through exploration success… Central and East Africa Tanzania…Twiga partnership with Government Kibali Gold Mine…opening up NE DRC transforms Tanzanian mining Exploration continues to A thriving economy 2010 - 2023 extend life of mine $418m on expansion capital Road Infrastructure – Nor
Slide 14: Adding value in Dominican Republic
Adding value in Dominican Republic… extending the life of mine >20 years to beyond 2040 Employees FEMALE 24% MALE 76% As of June 2023 Capex investment: $6.6 billion (100% basis) 30% of national exports $3.2 billion in taxes Employees 98% Dominican El Naranjo Tailings Storage Facility – a comprehensi
Slide 15: Nevada Gold Mines
Nevada Gold Mines… Whole much larger than the sum of the parts Mining - An enormous economic enabler NGM – the economic anchor for Northern Nevada A joint venture which ranks as the WORLD’S LARGEST GLOBAL GOLD PRODUCING COMPLEX with three of the world’s top 10 Tier One1 gold assets (Goldstrike/Carli
Slide 16: To be world class, you have to be global
Barrick To be world class, you have to be global operates on 4 13 gold mines and 3 copper mines continents in 19 countries Donlin (50%) CANADA Loulo- Geographical distribution Phoenix (61.5%) Gounkoto 80% Hemlo Mozproduction of 2022 gold NGM (61.5%) USA 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOM
Slide 17: Value creation through exploration and development
Value creation through exploration and development… Responsible discovery Geology not geography sets the potential to find Tier One1 deposits and mining delivers Growth through organic discovery and post acquisition addition minerals and metals essential to Value Curve development Quality of reserve
Slide 18: 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
Slide 19: 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