Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Day (November 2022)
19 slides from Barrick Mining's investor day presentation, November 2022
Slide 1: Latam & Asia Pacific Operations
LATAM & ASIA PACIFIC Mark Hill OPERATIONS Chief Operating Officer Latam & Asia Pacific NYSE : GOLD TSX : ABX World Class Mines, World Class People Investor Day, November 2022
Slide 2: Strategic Objectives Delivered
Strategic Objectives Delivered Continued to improve our License to Operate - increased number of community development committees (CDC) by 33%, targeting four new CDCs at Veladero by year-end Continued to improve safety (TRIFR and LTIFR reduced to 0.71 and 0.10, respectively, in the first nine m
Slide 3: Strategic Objectives Delivered
Strategic Objectives Delivered Progress on PV plant expansion (77% complete as of October 31, 2022) Progress on Reko Diq to deliver a potential Tier One asset13 Completed Zaldivar Cuprochlor project Growth New project scope defined for Pascua-Lama with desktop study expected Q2 2023 Advanc
Slide 4: Future Strategic Objectives
Future Strategic Objectives GHG reductions - Veladero Powerline and PV Solar Deliver on water use efficiency of 80% Develop 5-year progressive reclamation plans Sustainability Complete RAPi for PV by end of 2023, including the agricultural business, linked to livelihood restoration Approva
Slide 5: Five-Year Outlook ($1,650/oz Gold Price)
Five-Year Outlook ($1,650/oz Gold Price) LATIN AMERICA AND ASIA PACIFIC Gold Production (Attributable), koz Cost of Sales2, Total Cash Costs3 and Gold Capital Expenditures1 (Attributable), $ mln AISC3, $/oz Porgera Veladero Pueblo Viejo Cost of Sales2 Total Cash Costs3 AISC3 Total Capital1 1,200 1,5
Slide 6: World Class People
World Class People Across the Latin America and Asia Pacific region, the focus on our people, teams and community partners is clear. Aligned with Barrick's DNA, the strategic agenda on people in the region is designed to establish and deliver sustainable operational performance, achieve strategic gr
Slide 7: Pueblo Viejo Capital investment
Pueblo Viejo, Dominican Republic (Equity Ownership 60%) 100% Gold Production (koz) Pueblo Viejo 1,100 1,000 900 800 YTD 2022 Pueblo Viejo (100%) Capital Q3 2022 Guidance 700 600 Gold production (koz) 550 670 - 730 investment 500 400 Cost of sales2 ($/oz) Total cash costs3 ($/oz) 1,108 714 1,070 - 1,
Slide 8: Pueblo Viejo, Plant Expansion Update
Pueblo Viejo, Plant Expansion Update (Equity Ownership 60%) Key Highlights The plant expansion construction progress is now at 77% completed as at the end of October 31, 2022 96% of all materials are now on site and we expect all materials to be on site by year-end 2022 98% of civil and concre
Slide 9: Pueblo Viejo, New TSF Update
Pueblo Viejo, New TSF Update (Equity Ownership 60%) Key Highlights The ESIA for the new TSF (Naranjo TSF) and the waste rock conveyor corridor has been completed and submitted. We expect to receive approval during the first half of 2023 The geotechnical site investigation is well underway for th
Slide 10: Veladero
Veladero, Argentina (Equity Ownership 50%) 100% Gold Production (koz) Veladero 600 500 Upgrading and 400 Veladero (100%) YTD Q3 2022 2022 Guidance optimizing the 300 Gold production (koz) Cost of sales2 ($/oz) 290 1,381 440 - 480 1,210 - 1,290 infrastructure to 200 Total cash costs3 ($/oz) 867 740 -
Slide 11: Porgera
Porgera, Papua New Guinea (Equity Ownership 24.5%i) 100% Gold Production (koz) Porgera 800 700 Developing a 600 500 potential 20- 400 year Tier One 300 200 asset and 100 setting a new 0 2022 2023 2024 2025 2026 2027 standard for Key Highlights Pioneering Framework Agreement reached with Papua New Gu
Slide 12: Porgera Re-start
Porgera Re-start Key Highlights Care and maintenance activities ensure we are ready to restart once key remaining milestones are achieved Plant cold commissioning works completed in preparation for restart Mobile fleet condition monitoring completed and 6 new CAT 789s purchased and ready to be
Slide 13: Zaldívar
Zaldívar, Chile (Equity Ownership 50%) 100% Copper Production (Mlb) Zaldívar 300 250 Providing a 200 Zaldivar (100%) YTD Q3 2022 2022 Guidance foundation for 150 Copper production (Mlb) Cost of sales2 ($/lb) 146 2.98 200 - 240 2.70 - 3.00 copper growth 100 C1 cash costs8 ($/lb) 2.25 2.00 - 2.20 in t
Slide 14: Reko Diq
Reko Diq, Pakistan (Equity Ownership 50%10) Key Highlights First 5-year Average Annual Production (100%)ii Reko Diq Significant contribution to Barrick’s 10-year growth plan 700 Gold (Koz) Copper (Mlbs) 600 A world class Barrick continues to advance negotiations to deliver 500 the Reko Diq proje
Slide 15: Capital Projects
Capital Projects Pascua-Lama Norte Abierto (Equity Ownership 50%) Barrick has developed a plan to update a study on Pascua-Lama with a view The updated pre-feasibility study program and budget has been to advance and surface value from the bi-national project agreed by the owners and are going t
Slide 16: Growth Opportunities for LATAM and AP
Growth Opportunities for LATAM and AP Latin America Continued focus on developing growth opportunities in new frontiers across Latin America and Asia Pacific Advance the Pascua-Lama Study and engagement strategy Deliver drilling programs for the Lama region Advance the Zaldivar Primary Sulph
Slide 17: Endnotes
Endnotes 1. These amounts are presented on the same basis as our guidance. Minesite sustaining capital expenditures and project capital expenditures are non-GAAP financial measures. Capital expenditures are classified into minesite sustaining capital expenditures or project capital expenditures depe
Slide 18: Endnotes
Endnotes 8. “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial performance measures. “C1 cash costs” per pound is based on cost of sales but excludes the impact of depreciation and royalties and production taxes and includes treatment and refinement charges. “Al
Slide 19: Appendix A – Outlook
Appendix A – Outlook 2022 Key assumptions 2023 2024 2025+ Guidance Gold Price ($/oz) 1,700 1,650 1,300 1,300 Copper Price ($/lb) 4.00 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 65 90 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 120.00 120.00 120.00 CAD Exch