Barrick Mining Corporation · TSX:ABX
Barrick Mining — JMP Conference 2019
27 slides from Barrick Mining's conference presentation, Nov 12, 2019
Slide 1: Mali…two decades of value creation
Mali Mali…two decades of value creation 1
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information Certain information contained in this presentation, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward- looking statements”. All statements, other than statements of histori
Slide 3: The leading African gold miner…
The leading African gold miner… Jabal Sayid (50%) Loulo-Gounkoto (80%) Morila (40%) Massawa (83.25%) Kibali (45%) Tongon (89.7%) North Marai Lumwana Bulyanhului Buzwagii Gold production Projects Barrick Tanzania Copper production iOperating results will be included at 100% from October 1, 2019 up un
Slide 4: West Africa…two decades of delivery
West Africa…two decades of delivery 2012 2013 2014 2015 2016 2017 Record production Loulo Complex Production +1.2Moz +1.25Moz Gounkoto Morila mine life record exceeds 1Moz group group super pit extended production LTIFR down 18% production production starts 2011 2019 Randgold – Barrick Gounkoto merg
Slide 5: Loulo-Gounkoto… what we found and what we’ve established
Loulo-Gounkoto… what we found and what we’ve established
Slide 6: Loulo-Gounkoto… what we found and what we’ve established
Loulo-Gounkoto… what we found and what we’ve established
Slide 7: Loulo-Gounkoto… what we found and what we’ve established
Loulo-Gounkoto … what we found and what we’ve established
Slide 8: Communities today…
Communities today... BARRICK
Slide 9: Mali Gold Production…
Mali Gold Production… Ounces 000 2000 Somifi - SA Finkolo 1800 Somika - SA Endeavour 1600 AngloGold Ashanti Yatela - SA 1400 Faboula Gold - SA Wassalou Nampala - SA Robex 1200 Metedia - SARL Metedia 1000 Morila - SA1 Barrick 800 Komana - SA Hummingbird 600 Semico - SA BCM Semos - SA AngloGold Ashant
Slide 10: Loulo-Gounkoto complex… Production, recovery and throughput
Loulo-Gounkoto complex… Production, recovery and throughput1 Oz 000 Recovery (%) Tonnes million 6 1200 98,0 96,0 5 1000 94,0 4 800 92,0 3 600 90,0 88,0 2 400 86,0 1 200 84,0 - 0 82,0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Q3 Actual and Gold Produced oz Tonnes Tons
Slide 11: Loulo-Gounkoto complex… actual and forecast production
Loulo-Gounkoto complex… actual and forecast production Production Oz 000 800 700 600 500 400 300 200 100 0 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Oz actual Oz forecast
Slide 12: Loulo UG development and mining…
Loulo UG development and mining… UG ore tonnes Q3 20191 400 Ore tonnes - Development Record ore tonnes production in a quarter of 727Kt Ore tonnes - Stoping achieved1 350 300 Overall mining compliance improved to mid 88% Tonnes 000s 250 Successfully remote operated a loader from surface 200 increasi
Slide 13: Gounkoto standalone…
Gounkoto standalone… Ore tonnes Q3 20191 357Kt ore mined 1 in Q3 Ore tonnes mined Successful in pit dewatering plan and surface water management 160 000 system in progress to keep working areas dry during the rainy season 120 000 Excavator & truck availabilities was maintained above 80% 80 000 Waste
Slide 14: Loulo power generation… HFO / diesel power blend
Loulo power generation… HFO / diesel power blend Total energy generated MWh Unit Cost $/kWh 40 000 0,200 35 000 30 000 0,150 25 000 20 000 0,100 15 000 10 000 0,050 5 000 - 0,000 Oct-18 Apr-19 Apr-18 Nov-18 Dec-18 Jul-19 Jul-18 May-19 Aug-19 Sep-19 May-18 Aug-18 Sep-18 Jan-19 Mar-19 Jun-19 Jan-18 Ma
Slide 15: Kedougou - Kenieba Inlier… a prolific gold belt
Kedougou - Kenieba Inlier… a prolific gold belt Loulo District: A World Class Destination Loulo4 At Yalea, more robust results were returned SENEGAL N MALI from the Panel Zone: splay type geometry at depth indicates FT42Ex is 13.6m ounce upside @@ 15.83g/t Initial scout drilling highlights down plun
Slide 16: More than 20 years in Mali with continuous reinvestments in the country…
More than 20 years in Mali with continuous reinvestments in the country… Mali West: KKI regional Generative work continues to highlight prospective zones Yatela Strategy is to consolidate new Sadiola MALI ground for stand alone discoveries MALI Mali South: regional Loulo Tabakoto Regional geological
Slide 17: Safety, health and environment…Mali
Safety, health and environment…Mali YTD Q3 HIV Positivity Rate % 2 HIV 1,5 NGO engaged to work in the surrounding villages 1 HIV/AIDS programme continues with intensified outreach awareness and voluntary counselling and testing (VCT) of 0,5 employees and local communities 0 Preventative action inclu
Slide 18: Safety, health and environment…Mali
Safety, health and environment…Mali YTD Q3 LTIFR/Million Hours Worked Safety 2 LTIFRi decreased by 52% in 2019 compared to 2018 1,5 Mines migrated from OHSAS 18001 to ISO 45001:2018 Safety Management System 1 Proactive management of health and safety risks under the guidance 0,5 of a strong safety l
Slide 19: Loulo-Gounkoto…. Management and Employees
Loulo-Gounkoto…. Management and Employees CEO Dr DM Bristow COO – AME Willem Jacobs GM Operations West Africa Chiaka Berthe Country Manager Mali N’golo Sanogo GM Loulo-Gounkoto Complex Abbas Coulibaly Operations Employees Total Contractors Total Combined Expats Nat Expats Nat Loulo 116 1 826 1 942 5
Slide 20: Loulo-Gounkoto… development of local skills
Loulo-Gounkoto… development of local skills Total Employees: 4 560 Contractors Nationals: 4 358 (95%) Expats Expats: 202 (5%) 82 (2%) Mine Expats Mine 120 (3%) Nationals Perm. 1 643 (36%) Contractors Temporary Nationals Nationals 2 381 (52%) 334 (7%)
Slide 21: Local contractors, commercial partnership and supply strategy…
Local contractors, commercial partnership and supply strategy… $190 million spent on local contractors and supplier YTD (services rendered, goods and fuel supply) $6 million of bitumen road construction (haul and service roads) performed by a Malian contractor (SFTP) Partnership with Malian contract
Slide 22: Barrick...contribution to Mali economy
Barrick...contribution to Mali economy Barrick/Randgold operations have contributed approximately US$ 7.0 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers in the 23 last years Contribution to Malian % Contribution to Malian GDP Economy 10% LOULO
Slide 23: Dividends, Taxes and Royalties paid to Mali…
Dividends, Taxes and Royalties paid to Mali... Barrick/Randgold operated mines have paid approximately US$ 2.7 billion in the form of Dividends, Taxes and Royalties to the State over 23 years DIVIDENDS TO DIVIDENDS, TAXES BARRICK AND ROYALTIES TO US$ 1.0 billion THE STATE US$ 2.7 billion
Slide 24: Loulo-Gounkoto CSR…governance and stakeholder engagement
Loulo-Gounkoto CSR…governance and stakeholder engagement Education Potable water 78 local students benefiting from 57 boreholes and 4 water supply the Excellence bursaries program systems constructed 19 schools built Regular water quality analysis with School enrolment >5,000 students annual feedbac
Slide 25: Loulo-Gounkoto community development…
Loulo-Gounkoto community development… >$6.4m invested to date; $29.6m patent levy invested in communities Health 10% Education Economic 18% Projects 50% Potable Water 7% Agriculture 15%
Slide 26: Illegal mining…
Illegal mining… Issues Invasion of permits and mining areas Use of mechanical equipment causing severe damage Dredging the river State not enforcing the law Use of dangerous chemicals (cyanide & mercury) Major environmental damage: siltation and contamination of river and ground water Security and s
Slide 27: Endnotes…
Endnotes… 1. At 100%. Our 2019 attributable production forecast is 520 - 570 thousand ounces for Loulo-Gounkoto. 2. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2018, unless otherwise noted. Comple