Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — BMO Global Metals, Mining & Critical Minerals Conference 2023
16 slides from Barrick Mining's conference presentation, Feb 27, 2023
Slide 1: A clear strategy focused on sustained value creation
…a clear strategy focused on sustained value creation The BMO Global Metals, Mining & Critical Minerals Conference, February 2023
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information 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, o
Slide 3: About Barrick
About Barrick… Our business Barrick is a sector-leading gold and copper producer. Our portfolio spans the world’s most prolific gold and copper districts and is focused on high-margin, long-life assets Our purpose We are building the world’s most valued gold and copper company by owning the best ass
Slide 4: Delivering on our commitments since the Merger
Delivering on our commitments since the Mergeri… 6 ~$4B Copper Growing copper exposure supports the transition to clean Tier One Gold Assets1 owned Return to shareholders2 energy and infrastructure and operated by Barrick — the while investing ~$7.5 billion in capital development most in the world —
Slide 5: To be world class you have to be global
Barrick To be world class you have to be global operates on 4 13 gold mines and 3 copper mines continents in 19 countries Donlin (50%) CANADA Loulo- Geographical distribution Golden Sunlight Gounkoto 80% Hemlo Mozproduction of 2022 gold NGM (61.5%) USA 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOMI
Slide 6: With growth projects supporting long term sustainability
…with growth projects supporting long term sustainability North America Mali - Senegal Exploring new frontiers 26km strike of high for gold and copper prospectivity along Bambadji Main Shear Zone Reko Diq Nevada Gold Mines One of the world’s largest Dorothy – new discovery along Copper / Gold projec
Slide 7: Reserve replacement
Reserve replacement… value creation through discovery Gold Reserves3 Moz Legacy Randgoldii Barrick Barrick has demonstrated continued 13 76 71 portfolio optimisation and reserve 68 69 replenishment Gold reserves have increased by 1.2% 62 since 2018 Four year average gold reserve replacement ratei of
Slide 8: Committed to Shareholder Returns
Committed to Shareholder Returns… Since the Merger: a total of $4 billion Shareholder Returns returned to shareholders in the form of dividends, US$ millions return of capital and share buybacks 1,800 2022: Record cash returns to shareholders of 1,600 $1.6 billion in the form of dividends and share
Slide 9: Building for the future
Building for the future… 10-YEAR GOLD and COPPER - base case production outlook with Reko Diq and Lumwana Super Pit (gold equivalent koz) 7,000 North America LATAM and AP Africa and Middle East Reko Diq and Lumwana Super Pit 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Slide 10: Barrick... an industry leading Tier One portfolio
Barrick…an industry leading Tier 1 portfolio The Most Tier One Assets Operates the Biggest Mines Percentage of FY2022 attributable Gold production from Tier One mines1 Average FY2022 Gold production per mine (100% basis) from mines with 73% 530 operating control (koz Au)2 405 384 46% 315 37% 30% Bar
Slide 11: Barrick... Reserve replacement points to growth
Barrick…Reserve replacement points to growth Replacing and Discovering Quality The Best Reserve Replacement The Best Growth Ounces Percent Change in Gold Reserves from Percent Change in Gold Reserve Grade from Percent Change in Gold Production from YE2018 to YE2022i YE2018 to YE2022i CY2022A to CY20
Slide 12: Investing in a better future
Investing in a We conduct our business with better future… We empower local integrity, transparency and communities fairness ESG has become a mainstream concept but for Barrick it is nothing new — sustainability, socio-economic upliftment and We put biodiversity management have We prioritise local s
Slide 13: Why invest in Barrick? Sustainable in Summary
In Summary Best Asset Base Why invest Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in Barrick? in the industry Growing Copper Exposure Well positioned to capitalize on global decarbonization trends driving the long-term fundamental strength in copper Sustain
Slide 14: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us 14
Slide 15: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. A Strategic Asset is an asset which
Slide 16: Appendix A - Outlook
Appendix A - Outlook Key assumptions 2023 2024 2025+ Gold Price ($/oz) 1,650 1,300 1,300 Copper Price ($/lb) 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 90 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 170 170 170 CAD Exchange Rate (USD:CAD) 1.30 1.
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