Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Denver Gold Forum 2003

22 slides from Barrick Mining's conference presentation, Sep 24, 2003

  1. Slide 1: Alto Chicama Feasibility Update

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 ALTO CHICAMA FEASIBILITY UPDATE Denver Gold Forum – September 24, 2003 INTRODUCTION ƒ Alto Chicama was discovered in the second half of 2001 through grassroots exploration by Barrick ƒ Since the discovery, 130,000 meters

  2. Slide 2: Alto Chicama Update Agenda

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 ALTO CHICAMA UPDATE AGENDA ƒ Project overview ƒ Administration ƒ Geology ƒ Capital ƒ Processing ƒ Environmental ƒ Mining ƒ Regional exploration ALTO CHICAMA FEASIBILITY UPDATE – SEPTEMBER 2003 Overview Geology Process Mi

  3. Slide 3: Project Location

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. Project Location Cajamarca Huamachuco Trujillo Alto Chicama Cajamarca Pacific Ocean La Libertad Pierina Huaraz Huamachuco Otuzco Alto Chicama Trujillo LIMA ƒ

  4. Slide 4: Highlights

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. HIGHLIGHTS ƒ Project status: feasibility completed ƒ 159 million tons grading 0.045 oz/ton ƒ Reserves (in situ): 7.2 million ounces ƒ Average annual producti

  5. Slide 5: Section 3800 Lithology

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. ALTO CHICAMA – Section 3800 Lithology ALTO CHICAMA FEASIBILITY UPDATE – SEPTEMBER 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. ALTO CH

  6. Slide 6: Section 4200 Lithology

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. ALTO CHICAMA – Section 4200 Lithology Section 3 ALTO CHICAMA FEASIBILITY UPDATE – SEPTEMBER 2003 Overview Geology Process Mining Admin. Capital Enviro. Explo

  7. Slide 7: Project Layout

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. PROJECT LAYOUT N E E Dump Dump OPEN OPEN PIT PIT PLANT Sulfide Sulfide StockPile StockPile HEAP LEACH Crusher Crusher HEAP HEAP PLANT PLANT LEACH LEACH OPEN

  8. Slide 8: Detailed Geological Data Base

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. DETAILED GEOLOGICAL DATA BASE ƒ 830 diamond drill holes ƒ 138 reverse circulation drill holes ƒ 2,581 meters of surface channel cuts ƒ 222,299 samples in tot

  9. Slide 9: Buffer Zone Ore Processing

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. BUFFER ZONE ORE PROCESSING ƒ Current plan is to stockpile as mined ƒ No value currently assigned in project economics ƒ Potential to place on top of heap lea

  10. Slide 10: Metallurgy

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. METALLURGY Four phases of studies have been undertaken to evaluate the metallurgical characteristics of the deposit ƒ Phase 1: Cyanide amenability bottle rol

  11. Slide 11: Extraction Rate Kinetics

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. EXTRACTION RATE KINETICS 100 Alto Chicama Cycle Time - 45 days 80 Gold Extraction % 60 40 20 0 0 10 20 30 40 50 60 70 80 90 100 ALTO CHICAMA FEASIBILITY UPDA

  12. Slide 12: Process Division

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. PROCESS DIVISION ƒ Manpower – supervision: 18 – maintenance: 25 – leach pad: 40 ƒ Processing rate – annually: 15.3 million tonnes – daily: 42,000 tonnes ALTO

  13. Slide 13: Unit Processing Costs

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. UNIT PROCESSING COSTS US$ per tonne Life of mine Operating supplies $ 0.888 Labour 0.243 Power 0.311 Maintenance 0.065 Total $ 1.507 ALTO CHICAMA FEASIBILITY

  14. Slide 14: Mine Division

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. MINE DIVISION ƒ Mining rate – annually: 30 million tonnes – daily: 80,000 tonnes – life - of- mine strip ratio: 1:1 – bench height: 5 m. in ore – 10 m. in wa

  15. Slide 15: Administration

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. ADMINISTRATION ƒ Total annual cost: $14.7 million ƒ Cost per tonne processed: $0.96 ƒ Synergies with Pierina: – purchasing – human resources – maintenance sy

  16. Slide 16: Construction Schedule

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. CONSTRUCTION SCHEDULE Commences Completed ƒ Access road Q3 ’03 Q2 ‘04 ƒ EIS review process Q3 ’03 Q2 ‘04 ƒ Primary crusher ordered Q3 ’03 Q4 ‘04 ƒ Pre- strip

  17. Slide 17: Project Performance

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. PROJECT PERFORMANCE Spot price IRR Payback in years (3.0 peso) pre-finance from start-up $300/oz 27% 2.8 $325/oz 33% 2.5 $350/oz 39% 2.0 ALTO CHICAMA FEASIBI

  18. Slide 18: Environmental – Water Management

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. ENVIRONMENTAL – Water Management ƒ To protect the road and to minimize Sedimentation basin sediment transport, culverts are installed and rock structures are

  19. Slide 19: Reserves - South America

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. ALTO CHICAMA FEASIBILITY UPDATE – SEPTEMBER 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. RESERVES - South America areas enlarged Truji

  20. Slide 20: Alto Chicama – Exploration Portfolio

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. C A J A M A R C A ALTO CHICAMA Huamachuco L A L I B E R T A D 185 sq. km Otuzco Lagunas Norte 8° Quiruvilca 0 10 20 kilometres ANCASH ALTO CHICAMA FEASIBILIT

  21. Slide 21: Alto Chicama Regional Targets

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 Overview Geology Process Mining Admin. Capital Enviro. Explor. C A J A M A R C A ALTO CHICAMA REGIONAL TARGETS GOITOS LAGUNAS Piedra Grande NW Huamachuco 1,350 sq. km L A L I B E R T A D Otuzco LAGUNAS Genusa Lagunas Nor

  22. Slide 22: Forward Looking Statement

    BARRICK GOLD CORPORATION Denver Gold Forum – Alto Chicama Update September 2003 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production and costs and other statements that express management’s expectations or estimates of our future performance, constitute

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