Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Goldman Sachs Global Metals & Mining Conference 2016
12 slides from Barrick Mining's conference presentation, Nov 16, 2016
Slide 1: Transforming into a 21st Century Company
Barrick Gold Corporation Transforming into a 21st Century Company Goldman Sachs Global Metals & Mining | November 16, 2016 1
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,
Slide 3: Focusing on the Best Assets and Regions
Focusing on the Best Assets and Regions Focus on core mines in the Americas Cortez Lowest cost senior gold producer Targeting AISC1 <$700/oz by 2019 Goldstrike Largest reserve base with superior grade ~70% Pueblo Viejo – 91.9 Moz at 1.32 gm/t2 of 2016 production from core mines Average 16
Slide 4: 2016 Priorities
2016 Priorities Free Generate free cash flow at a gold price of $ Cash Flow $1,000 per ounce Balance Reduce total debt by a further $2 billion Sheet Operational Implement Best-in-Class program across Excellence all operations $ Capital Allocate capital using long term gold price Discipline of $1,200
Slide 5: Progressing Against Targets
Progressing Against Targets $ Operating cash flow1 of $1.9B and free cash flow2 of $1.1B Free cash flow breakeven3 less than $1,000/oz in Q3 $1.4B of $2B debt reduction target reached Tender offer for purchase of up to $350M in Notes Liquidity improved – <$200M4 of debt due before 2019 M
Slide 6: Disciplined Capital Allocation Facilitates Growth
Disciplined Capital Allocation Facilitates Growth Minex Orebody additions and extensions Reduce Globalex Greenfields discoveries, e.g. Goldrush, Alturas Debt Brownfields Invest Turquoise Ridge Expansion, Lagunas Sulfides, Cortez Deep S. In Development Growth New Mines Goldrush, Alturas, Pascua-Lama,
Slide 7: Organic Growth Opportunities
Organic Growth Opportunities Lagunas Norte Turquoise Ridge Cortez Hills Goldrush Refractory Ore Mine Expansion Deep South Life Extension Phased approach to Advanced exploration Refractory ore Expansion of the improve ventilation project with 8.6 Moz1 extension below Cortez Hill and mining ef
Slide 8: Pascua-Lama Update
Pascua‐Lama Update George Bee appointed as Lama Process Plant SVP, Lama and Frontera District Development Evaluating a phased project starting at Lama (Argentina) Optimization studies continue on both sides of the border 8
Slide 9: Best-in-Class – Digital Barrick
Best‐in‐Class – Digital Barrick Best-in-Class Digital Barrick Drive Innovation Step Changes in approach to productivity Drive innovation by Business continuously pushing Improvements Productivity the envelope on cutting in productivity edge technologies Achieve step changes in the operating model th
Slide 10: Barrick Today
Barrick Today Top tier assets with the largest gold reserves and superior grade Streamlined and decentralized organization structure Strengthened balance sheet with robust liquidity Execution of Best-in-Class including digitization Applying discipline to capital allocation Strong pipelin
Slide 11: Technical Information and Endnotes
TECHNICAL INFORMATION The scientific and technical information contained in this presentation has been reviewed and approved by Steven Haggarty, P. Eng., Senior Director, Metallurgy of Barrick who is a “Qualified Person” as defined in National Instrument 43‐101 – Standards of Disclosure for Mineral
Slide 12: Endnotes: Free Cash Flow
6. "Free cash flow" is a non‐GAAP financial performance measure which excludes capital expenditures from Net cash provided by operating activities. Barrick believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash. Free cash f
Barrick Gold — Goldman Sachs Global Metals & Mining Conference 2016 on 6ix