Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Shareholder Meeting (April 2004)
8 slides from Barrick Mining's shareholder meeting presentation, Apr 22, 2004
Slide 1: Building Mines, Building Value
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting Building Mines, Building Value Gregory Wilkins President and Chief Executive Officer What we said “For 2003, we expect to produce between 5.4 and 5.5 million ounces at a total cash cost of $180 to
Slide 2: What we said / What we did
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting What we said “We are focused on getting these projects into production as soon as possible.” What we did Veladero construction began in Q4, 2003 Submitted EIS for Alto Chicama and completed pub
Slide 3: What we said / What we did: People
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting What we said “We must make certain that we have the right people in the right places at all levels of the Company.” What we did Strengthened management team and Board Reorganized into regional
Slide 4: Gold Price Performance; Target Production 2004-2007
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting Gold Price Performance 425 “Sustainable gold rally” 400 375 350 325 300 275 2002 2003 2004 What’s Next – Target Production 2004 - 2007 millions of ounces 6.8-7.0 6.4-6.6 5.3-5.5 1.8-1.9 2.5 South A
Slide 5: Beyond 2007
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting Beyond 2007 Pascua-Lama – world-class long life asset – part of a new mining camp with Veladero – updated feasibility study expected mid year Consistent investment in exploration Opportunisti
Slide 6: Resources to Execute Strategy
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting Resources to Execute Strategy Right People in the Right Places Strengthened management team New organizational structure – consolidating life-of-mine accountability with COO – established regio
Slide 7: First Quarter 2004 – Review
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting First Quarter 2004 – Review 2004 production E: 4.9 – 5.0 million ounces 2004 cash costs E: $205 – 215 per ounce Produced 1.28 M oz at total cash cost of $199 per oz Earnings per share: $0.0
Slide 8: Forward Looking Statement
Barrick Gold Corporation – Building Mines, Building Value 2004 Annual and Special Shareholders Meeting FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estim