Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — CIBC World Markets Whistler Conference 2003
5 slides from Barrick Mining's conference presentation, Feb 27, 2003
Slide 1: Barrick Gold Corporation
Barrick Gold Corporation CIBC World Markets – Whistler Conference – February 2003 Q4 2002 • earnings $ 54 M $ 193 M • operating cash flow $195 M 589 M $ year-end results “A”-rated balance sheet CAPEX FREE CASH FLOW CASH POSITION 228 M $ $ 361 M $ 1.04 B 300 M $ forward sales program forward sales pr
Slide 2: Total forward sales program gold price
Barrick Gold Corporation CIBC World Markets – Whistler Conference – February 2003 total forward sales program gold price REDUCED EXTRA REVENUE SUPPLY / DEMAND 6 M oz 168 M $ SOFT U.S. DOLLAR EQUITIES DOWN 25% POTENTIAL REFLATION COMMODITY PRICES UP forward sales program forward sales program PRODUCT
Slide 3: Gold price leverage
Barrick Gold Corporation CIBC World Markets – Whistler Conference – February 2003 gold price leverage gold price leverage $25 = $90-100 M GOLD PRICE operations operations 1.60 • increased reserves $174 • advanced development projects Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2002 production 2002 costs operations rese
Slide 4: Reserve additions operations
Barrick Gold Corporation CIBC World Markets – Whistler Conference – February 2003 reserve additions operations 86.9 BULYANHULU PIERINA 82.3 HEMLO ESKAY CREEK PLUTONIC ROUND MT. MEIKLE 2001 2002 operations operations better information • advancing development • increased backfilling production flexib
Slide 5: 2003 outlook 2003 exploration program
Barrick Gold Corporation CIBC World Markets – Whistler Conference – February 2003 2003 outlook 2003 exploration program • operating CAPEX: $218 M • development CAPEX: $168 M $100- $110 million $386 M ALTO CHICAMA • exploration: $100-110 M development plan development plan • 5-year timeline Pascua-La
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