Barrick Mining Corporation · TSX:ABX
Barrick Mining — Nevada Gold Mines — Investor Day (May 2021)
18 slides from Barrick Mining's investor day presentation, May 2021
Slide 1: May 2021 Investor Day
May 2021 Investor Day A joint venture between Barrick and Newmont Corporation OPERATED BY BARRICK
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 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, other than statements of histor
Slide 3: Turquoise Ridge Complex
TURQUOISE RIDGE COMPLEX
Slide 4: Turquoise Ridge
Turquoise Ridge ( NEVADA
Slide 5: Turquoise Ridge Processing
Turquoise Ridge Processing Production facilities for Oxide and Refractory Ores Majority of production comes from the Sage Autoclave circuit An oxide mill and oxide heap leach operation produce the remaining ounces A Long History of Continuous Improvement 33 years of processing history at site Record
Slide 6: Turquoise Ridge Mining
Turquoise Ridge Mining Mining Turquoise Ridge Exploration • 2 underground mines (current rates) Projects • Vista ~350ktpa • Multiple extension targets • Turquoise Ridge ~1.5mtpa at Turquoise Ridge underground • 2 active open pit mines (current rates) • Depth extension target at Vista • Vista and Meg
Slide 7: Turquoise Ridge Third Shaft Update
Turquoise Ridge Third Shaft Update The Third Shaft will provide additional hoisting capacity, production capacity through reduced haul lengths, additional ventilation capacity and facilitate faster crew change outs due to its closer proximity to the deposit First breakthrough into the mine was achie
Slide 8: Turquoise Ridge on a page
Turquoise Ridge on a page Underground Surface Process facilities 9.7moz at 10.92g/t – P&P reservesi 2.7moz at 2.03g/t – P&P reservesi Sage Autoclave capacity: 4.5mtpa Turquoise Ridge 2 open pits Juniper Oxide Mill capacity: 0.75mtpa 2 shafts with a third expected Mega North and South Heap Leach on-l
Slide 9: Turquoise Ridge Production and Key Events in 10-year Plan
Turquoise Ridge Turquoise Ridge Production – 10 Year Plan Key Events in 10-year Plan Mega Pit production ceasing in August 2021, with the Cut 40 layback 900 planned for 2023 Vista UG production ceasing in 2022 with potential to extend life 800 TR Third Shaft on-line by the end of 2022 increasing hoi
Slide 10: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Rodney Quick, MSc, Pr.Sci.Nat, Mineral Resource Management and Evaluation Executive; Craig Fiddes, BSc (Geol) (Honours), SME Registered Member, Resource Modeling Manager, N
Slide 11: Endnotes
Endnotes 1. Gold cost of sales per ounce is calculated as cost of sales across our gold operations (excluding sites in care and maintenance) divided by ounces sold. 2. “Total cash costs” per ounce, “All-in sustaining costs” per ounce and "All-in costs" per ounce are non-GAAP financial performance me
Slide 12: Endnotes
Endnotes 3. Nevada Gold Mines Resources (inclusive of Reserves) and Reserves are summarized below, including Nevada Gold Mines’ 60% interest in South Arturo and Barrick’s 100%-owned Fourmile project. Totals may not appear to sum correctly due to rounding. 4. Estimated in accordance with National Ins
Slide 13: Endnotes
Endnotes 8. “Free cash flow” is a non-GAAP financial performance measure which deducts 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. Fre
Slide 14: Appendix A – Outlook
Appendix A – Outlook Key assumptions 2021 2022 2023 2024+ Gold Price ($/oz) 1,700 1,200 1,200 1,200 Copper Price ($/lb) 2.75 2.75 2.75 2.75 Oil Price (WTI) ($/barrel) 60 60 60 60 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 100.00 100.00 100.00 CAD Exchange Rate
Slide 15: Appendix B – Carlin Trend Significant Intercepts
Appendix B – Carlin Trend Significant Interceptsi Drill Results from Q1 2021 i. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8m; internal dilution is Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) less than 20% total width. 613.3-
Slide 16: Appendix B – Carlin Trend Significant Intercepts
Appendix B – Carlin Trend Significant Interceptsi i. All intercepts calculated using a 5 g/t Au cutoff and are Drill Results from 2020/Legacy Results uncapped; minimum intercept width is 0.8m; internal dilution Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) is less than 20% total w
Slide 17: Appendix C – North Leeville Significant Intercepts
Appendix C – North Leeville Significant Interceptsi Drill Results from Q1 2021 i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 3.0 m; internal dilution 733.6-736.7 3.1 16.72 is less t
Slide 18: Appendix C – North Leeville Significant Intercepts
Appendix C – North Leeville Significant Interceptsi Drill Results from 2020 i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 3.0m; internal dilution is CGX-20075 68 -84 909.5-912.6 3.1