Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Denver Gold Group Gold Forum 2004
11 slides from Barrick Mining's conference presentation, Jun 8, 2004
Slide 1: Asset Base – Mines and Projects
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Asset Base – Mines and Projects Solid base in OECD countries 12 operating mines and 4 projects: – 7 countries on 4 continents, employing > 7,000 people – 86 M oz of gold reserves – 2004 est production: 4.9 – 5.0 M oz – 2004 est cash
Slide 2: Leverage to Gold
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Leverage to Gold Reserves: 86 M oz (proven & probable) Resources: 25 M oz (measured & indicated) Resources: 17 M oz (inferred) Unhedged Reserves millions of ounces 68.8 70.5 Unhedged reserves 58.2 increased 61% over last four yea
Slide 3: Building Mines – Veladero, Argentina
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Building Mines – Veladero, Argentina POTENTIAL Gold reserves: 11.1 M oz Production E: 525–550,000/yr Average cash cost est: $155–165/oz (subject to exchange rate fluctuations and applicable export duties) PLAN 2 open pits - crush
Slide 4: Veladero / Pascua-Lama
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Waste Veladero / Pascua-Lama Pascua-Lama Pit Waste Pit CHILE ARGENTINA Waste Filo Federico Pit Amable Pit Veladero Waste Heap Leach 0 5 10 kilometres Building Mines – Pascua-Lama Chile/Argentina 6 kilometers from Veladero – 17 M oz gol
Slide 5: Building Mines – Lagunas Norte, Peru
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Building Mines – Lagunas Norte, Peru Alto Chicama District POTENTIAL Gold reserves: 7.2 M oz Production est: 535–560,000/yr Average cash cost est: $135–145/oz PLAN Open pit - crushing/leaching Capital costs est: $340M Construct
Slide 6: Building Mines – Cowal, Australia and Tulawaka, Tanzania
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Building Mines – Cowal, Australia POTENTIAL Gold reserves: 2.5 M oz Gold resources: 1.6 M oz Production est: 220–230,000/yr Average cash cost est: $230–245/oz PLAN Open pit - CIL Capital costs est: $270M Construction underway
Slide 7: Resources to Execute Strategy
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Resources to Execute Strategy Right people in the right places – Strengthened management team – New organizational structure Financial strength – A-rated balance sheet – Strong operating cash flow generation Reserve Replacement Vir
Slide 8: Industry Dynamics – Rising Costs and Low Growth Rates
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Industry Dynamics – Rising Costs 400 SPOT GOLD 350 GF 300 ANG 250 NEM PDG ABX 200 150 00 01 02 03 04 (E) Source: Company reports; Company guidance Industry Dynamics – Low Growth Rates Growth Rate at the 4 Other Majors: ’04 – ’07F million
Slide 9: Growth Profile – Target Production '04-'07
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Growth Profile – Target Production ‘04-’07 millions of ounces 6.8-7.0 6.4-6.6 4.9-5.0 5.3-5.5 1.8-1.9 2.5 South America 12% 1.0-1.1 CAGR 0.6 EXPECTED CASH 1.3-1.4 1.4 1.6-1.7 Australia/ COSTS UNDER $200/oz 1.9-2.0 Africa North 3.0 2.9-3.
Slide 10: Beyond 2007 – Exploration Strategy; The Case for Barrick
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 Beyond 2007 – Exploration Strategy More than 95 projects in 9 countries > 2 million ounce greenfield gold deposits; reserve additions in proximity of existing assets 6 high priority countries (Peru, Chile, Argentina, USA, Tanzania,
Slide 11: Forward Looking Statement
BARRICK GOLD CORPORATION San Francisco Gold Forum June 8, 2004 FORWARD LOOKING STATEMENT Certain statements included herein, including those regarding production, costs, development schedules and other statements that express management’s expectations or estimates of our future performance, constitu