Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — TD Newcrest Mining Conference 2010
11 slides from Barrick Mining's conference presentation, Jan 26, 2010
Slide 1: The Gold Industry Leader
Barrick Gold Corporation TD Newcrest Conference January 2010 The Gold Industry Leader TD Newcrest Mining Conference January 26, 2010 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans
Slide 2: Key 2009 Priorities and Progress
Barrick Gold Corporation TD Newcrest Conference January 2010 Key 2009 Priorities and Progress Meet production and cost targets Advance new projects expected to bring on low cost production – Buzwagi ramped up successfully – Pueblo Viejo and now Pascua-Lama are on track – Cortez Hills substantial
Slide 3: Outlook - Bullish on Gold
Barrick Gold Corporation TD Newcrest Conference January 2010 Outlook ‐ Bullish on Gold Price supportive macroeconomic environment: – Low interest rates – Increased liquidity – Fiscal policies Growth in investment demand Diversification benefits Central banks become net buyers Mine supply e
Slide 4: Global FX Reserves
Barrick Gold Corporation TD Newcrest Conference January 2010 Global FX Reserves 2/3 of FX reserves are in US dollars $6 trillion FX reserves are exploding held by 19 US$ trillions countries 8 7 China 6 2.2 5 $5 Japan 1.0 Taiwan 0.5 4 trillion Russia 0.4 increase 3 2002-2009 2 1 0 79 89 99 09 2
Slide 5: Scarcity Value
Barrick Gold Corporation TD Newcrest Conference January 2010 Scarcity Value US$ trillions 60 60 Global Financial Assets Equities total $123 trillion Managed 50 50 Assets $55 trillion 40 Private 40 Debt 30 30 Govt. 20 Debt 20 10 Gold Equities 10 & Gold ETFs <$0.4 trillion(1) 0 0 Sources: McKinsey & C
Slide 6: Margin Expansion
Barrick Gold Corporation TD Newcrest Conference January 2010 Margin Expansion Total Cash Costs(1) vs Gold Prices ~1100 Current Spot US$ per ounce Avg. Realized Price(1) 940 873 477 Margins 430 621 545 276 439 265 443 463 Total Cash Cost 214 345 280 225 05 06 07 08 9 months (1) See final slide #1 09
Slide 7: Balanced Portfolio
Barrick Gold Corporation TD Newcrest Conference January 2010 Balanced Portfolio 2008 P&P Reserves North America North America 2009E Production 37% Africa 13% North America South 36% Other America Australia 1% 36% Pacific 14% Africa 10% South America 27% Australia South Africa Pacific 26% America Aus
Slide 8: Cortez Hills Project Update
Barrick Gold Corporation TD Newcrest Conference January 2010 Cortez Hills Project Update Construction substantially complete – commenced production of ore from open pit 1 Moz/yr at total cash costs of $350-$400/oz(1) Carbon Column Plant Conveyor (1) See final slide #2 and #5 15 Pueblo Viejo Proj
Slide 9: Pascua-Lama Project Update
Barrick Gold Corporation TD Newcrest Conference January 2010 Pascua‐Lama Project Update Truck Shop/Conveyor Area Excavation 750-800 Koz of gold at total cash costs of $20-$50/oz(1) 35 Moz of silver(1) On track for first production Q1 2013 Barriales Camp Expansion In line with $2.8-$3.0 B cap
Slide 10: Projects in Feasibility
Barrick Gold Corporation TD Newcrest Conference January 2010 Projects in Feasibility Gold Copper Nickel Barrick’s share ounces millions pounds billions pounds billions of reserves and resources(1) 12.3 1.12 Inferred 8.5 Inferred Inferred Unrecognized 28.6 value in M+I Reko Diq, 11.5 M+I Kabanga, Cer
Slide 11: Footnotes
Barrick Gold Corporation TD Newcrest Conference January 2010 Footnotes 1. Net cash costs per ounce, net cash margin per ounce, total cash costs per ounce and realized price are non-GAAP financial measures with no standardized meaning under US GAAP. See pages 40-45 of Barrick’s Third Quarter 2009 Rep