Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Investing in the Americas, Miami, April 24, 2001
5 slides from Barrick Mining's conference presentation, Apr 24, 2001
Slide 1: Investing in the Americas: 2000 Review, Philosophy, Objectives and Strategies
2000 Review Production: 3.7 million ounces Cash Costs: $145 per ounce Reserves: 58.5 million ounces Investing in the Americas Operating Earnings: $334 million Cash Flow: $705 million Free Cash Flow: $530 million Alex Davidson Senior Vice President, Exploration Cash Margins: $200 per ounce Miami - Ap
Slide 2: Bulyanhulu Mine and Operations Review 2000: Production and Costs
Bulyanhulu Mine Bulyanhulu Mine Average grade: 0.5 ounces per ton 2001 production: 260,000 ounces Reserves & resources 2000: 14.6moz 2003 production: 400,000 ounces 2km 2km 5km 5km Operations Review 2000 Operations Review 2000 Increase Profitable Production Lower Costs Production: 3.7 million ounces
Slide 3: Operations Review 2000: Pierina, Reserves, District Development
Operations Review 2000 Operations Review 2000 Lower Costs – Pierina Mine, Peru Expand High-Quality Reserves Reworked the Pierina Mine: + 500,000 ounces life-of-mine plan Highest margin ounces Found operating $250 per ounce of improvements free cash flow Reduced L-O-M + Cost savings average cash cost
Slide 4: Premium Gold Sales Program
Premium Gold Sales Program Maximize revenues through hedging Premium Gold Sales Program Sell three or four years production while it is still in the ground Additional Reduces exposure to gold price volatility Revenue Predictable stream of additional revenue Prices higher than spot for 13 years Expan
Slide 5: Exploration and Joint Ventures; Outlook
Exploration and Joint Ventures Outlook Grassroots Exploration 2001 production: 3.8 million ounces § Juniors having difficulty raising 2001 cash costs: $156 per ounce financing Strong earnings and cash flow § Barrick directly funds some companies (eg. Western Keltic, Alaska) Continued low gold price
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