Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Bank of America-Merrill Lynch 2010 Global Metals and Mining Conference
15 slides from Barrick Mining's conference presentation, May 11, 2010
Slide 1: The Gold Industry Leader
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 1 The Gold Industry Leader Bank Bank of of America-Merrill America-Merrill Lynch Lynch 2010 2010 Global Global Metals Metals and and Mining Mining Conference Conference Miami, Miami, Florida Florida –– May May 10-13, 10-1
Slide 2: Cautionary Statement on Forward-Looking Information
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, plans or future financial or operating performance and other statements
Slide 3: Gold's Diversifying Role
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Gold’s Diversifying Role Trailing 10 year performance to May 7, 2010 Gold +336.7% CRB Index +21.1 % –18.5% –22.0% MSCI World S&P 500 Index Source: Bloomberg Equity Index 5 Global FX Reserves 2/3 of FX reserves are in US
Slide 4: Net Official Sector Sales
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Net Official Sector Sales (tonnes of gold) 663 Net official sector sales dropped to 41 tonnes in 2009 479 484 Net buying in last 365 three quarters 236 2009 63 04 05 06 07 08 Q1 Q2 Q3 Q4 -5 -13 -4 Source: GFMS, World
Slide 5: Scarcity Value Outlook
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Scarcity Value US$ trillions Global Financial Assets 60 total $117 trillion 60 50 50 Private Equities Debt declined by 40 40 45% in 2008 Managed Assets 30 Equities $40 trillion 30 Govt. Debt 20 20 10 Gold Equities 10 & Go
Slide 6: Q1 2010 Operating Highlights
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Q1 2010 Operating Highlights Gold Total Net Production Cash Costs(1) Cash Costs(1) Moz 2.08 2.08 $US/oz $US/oz 484 484 9% 19 1.76 1.76 % 442 442 404 404 15% 342 332 1 300 300 Q1 07 Q1 08 Q1 07 Q1 08 Q1 09 Q1 07 Q1 08 Q1 1
Slide 7: Q1 2010 Record Financial Results
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Q1 2010 Record Financial Results Net Income Adjusted Operating US$M Net Income(1) Cash Flow 758 US$M US$M 1051 741 1051 104 149 201 % % % 371 298 349 349 Q1 09 Q1 10 Q1 09 Q1 10 Q1 09 Q1 07 Q1 08 Q1 10 (1) Refer to final
Slide 8: Margin Expansion
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Margin Expansion ~1150 Current Spot Total Cash Costs(1) vs Gold Prices US$ per ounce 695- Margin(1) Avg. Realized Price(1) 985 725 872 519 429 621 545 276 439 265 443 466 425- Total Cash Cost 214 345 455 280 225 05 06 07
Slide 9: Proven & Probable Gold Reserves
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Proven & Probable Gold Reserves(1)(1) ounces millions 139.8 138.5 Grew reserves 123.1 124.6 for the fourth consecutive year 88.6 Gold industry’s largest unhedged reserves 2005 2006 2007 2008 2009 (1) At Dec. 31, 2009.
Slide 10: Balanced Portfolio
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Balanced Portfolio 2009 P&P Reserves North America North America 2010E Production 40% Africa 12% North America South 39% America Australia 35% Pacific 13% Africa 8% South America 28% Australia South Africa Pacific 25% Ame
Slide 11: Impact of Low Cost Mines
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Impact of Low Cost Mines ~2.4 million low cost ounces(2) + CERRO CASALE Three new low cost + REKO DIQ mines in three years CORTEZ + DONLIN CREEK HILLS(1) PUEBLO PASCUA- LAMA + KABANGA Nickel VIEJO Q1 2010 Q4 2011 Q1 201
Slide 12: Pueblo Viejo Project Update
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Pueblo Viejo Project Update In line with $3.0B pre-production capital budget(1) (100%) On track for first production Q4 2011 Construction nearly 20% complete Over 2/3 of capital committed 625-675 Koz to Barrick’
Slide 13: Cerro Casale Project Update
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Cerro Casale Project Update First full 5 years (75%): – 750-825 K oz gold and 170-190 M lbs copper – Total cash costs of $240-$260/oz(1,2) ~$4.2 B pre-production capital budget (100%)(1) ~3 year construction period
Slide 14: Strong Financial Position
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 Strong Financial Position A-Rated Industry’s Highest Rated Balance Sheet $3.5B Cash Balance $1.5B Undrawn Line of Credit 0.14:1 Net Debt to Total Capitalization $1.05B Strong Q1 Operating Cash Flow All figures as of March
Slide 15: The Gold Industry Leader
Barrick Gold Corporation BAS-Merrill Lynch Conference- Miami, Florida May 2010 The Gold Industry Leader Bank Bank of of America-Merrill America-Merrill Lynch Lynch 2010 2010 Global Global Metals Metals and and Mining Mining Conference Conference Miami, Miami, Florida Florida –– May May 10-13, 10-13,
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