Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Denver Gold Forum 2004
12 slides from Barrick Mining's conference presentation, Sep 29, 2004
Slide 1: Barrick Gold Corporation – Denver Gold Forum
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estimates of our future performance,
Slide 2: Asset Base – Mines and Projects
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Asset Base – Mines and Projects 10 operating mines and 5 development projects: – 7 countries on 4 continents, employing > 7,000 people – 2004 est production: 4.9 – 5.0 M oz – 2004 est cash costs: $205 – 215 per oz – 2004 est CA
Slide 3: Growth Profile – Target Production '04-'07
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Growth Profile – Target Production ’04 -’07 millions of ounces 6.8-7.0 6.4-6.6 6.1 5.7 5.5 5.3-5.5 South 12% 4.9-5.0 1.8-1.9 2.5 America CAGR 1.0-1.1 0.6 1.3-1.4 1.4 1.6-1.7 Australia/ 1.9-2.0 Africa North 3.0 2.9-3.0 3.0 2.4-2.5
Slide 4: Building Mines – Projects in Construction
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Building Mines – Projects in Construction All mines are open-pit with conventional technology Mines have good potential to increase reserve / resource positions Expected to drive future production, earnings and cash flow gr
Slide 5: Building Mines – Veladero, Frontera District, Argentina
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Building Mines – Veladero, Frontera District, Argentina Foundation for secondary crusher Progress in the open pit Construction of the primary crusher Completed truck shop Building Mines – Lagunas Norte, Alto Chicama, Peru Acces
Slide 6: Alto Chicama District, Peru
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 C A J A M A R C A Alto Chicama District, Peru GOITOS LAGUNAS Piedra Grande NW Huamachuco 1,350 sq. km L A L I B E R T A D Otuzco LAGUNAS Genusa Lagunas Norte Lagunas La Capilla Lagunas Sur West Alto La Bandera 8° Quiruvilca Tres
Slide 7: Beyond 2007
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Beyond 2007 Reserve replacement and growth Pascua-Lama – positive decision to proceed – world-class, long-life, low cash cost asset – part of new Frontera District with Veladero Consistent investment in exploration – Goldst
Slide 8: Beyond 2007 – Frontera District
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Camp Beyond 2007 – Frontera District Access Road from Vallenar Protocol Operating Area Boundary Waste Pascua-Lama Conveyor Pit Waste Plant Pit CHILE ARGENTINA Tailings Waste Filo Federico Pit Veladero Amable Pit Access Road Waste
Slide 9: Beyond 2007 – Exploration Strategy
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Beyond 2007 – Exploration Strategy More than 95 projects in 9 countries > 2 million ounce greenfield gold deposits; reserve additions in proximity of existing assets 6 high priority countries (Peru, Chile, Argentina, USA, T
Slide 10: Financial Resources
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Financial Resources Strong balance sheet Capable of self-financing our developments without equity dilution Adopted a no-hedge policy – 16% of reserves (1) at end of Q2 2004 – exceeded commitment of 1.5 million ounce reduct
Slide 11: Gold Price Outlook
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 Gold Price Outlook Sustainable – a confluence of factors including: – A move towards diversifying from financial assets into hard assets – Gold and US$ correlation: A long-term continued devaluation of the US dollar – Trends in
Slide 12: The Case for Barrick
BARRICK GOLD CORPORATION Denver Gold Forum Denver – September 29, 2004 The Case for Barrick Building blocks for beyond 2007 are being put in place – reserve replacement and growth – Pascua-Lama – exploration – opportunistic acquisitions Supportive gold price environment NOTE ON RESERVES 1. Based