Barrick Mining Corporation · TSX:ABX
Barrick Mining — Gold and Silver Seminar, San Juan, 2020
21 slides from Barrick Mining's conference presentation, Oct 21, 2020
Slide 1: Gold and Gold Mining in 2020 and Beyond
Gold and Gold Mining in 2020 and Beyond… Gold and Silver Seminar, San Juan, 2020
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,
Slide 3: To be World Class, we need to be Global
To be World Class, we need to be Global… Canadian Shield Baltica Siberian Craton Arabian Nubian Shield North West China African Craton Craton Dhawar Amazonian Congo North Craton Craton Tanzanian Australian Craton Craton Rio de la Kalahari Craton Malagasy Yilgarn Plata Craton
Slide 4: Gold price (US$/oz)
Quantitative easing and the associated value destruction is best measured by the Gold Price… $3,000 $2,500 Gold price (US$/oz) $2,000 $1,500 $1,000 $500 $0 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 Gold (Nominal) Gold (Real) Base Gold Price Note: Market data as of September 24, 2020. Re
Slide 5: Have we reached "Peak Gold"?
Have we reached “Peak Gold”?... Major gold discoveries Moz US$ million US$/oz 180 12,000 160 10,000 140 120 8,000 100 6,000 80 60 4,000 40 2,000 20 0 0 Gold discoveries Moz Gold production Moz Exploration budgets $m Gold price $/oz Source: SNL Metals & Mining
Slide 6: Industry Reserves are in decline
Industry Reserves are in decline…. Moz Au 1,000 959 967 898 900 849 860 830 818 800 766 744 700 713 700 614 584 600 500 400 300 200 100 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Agnico Eagle, AngloGold Ashanti, Barrick, China National, Freeport McMoRan, Gold Fields, Goldcorp
Slide 7: Quality of the reserves and resources remain under pressure
Quality of the reserves and resources remain under pressure… Reserve Design Price vs. Gold Price (2000 – Current) US$/oz Reserve Price Avg. Gold Price $1,750 In response to the rising gold price, mining $1,500 companies increased their reserve design $1,250 prices1 (i.e. lowered cut-off grades) in-s
Slide 8: Global Gold Production Under Pressure
Global Gold Production Under Pressure… Industry facing production precipice 000 oz 120,000 100,000 80,000 60,000 40,000 20,000 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 North America Central & South America Europe CIS Middle East Afric
Slide 9: Global Mining Industry becomes relevant as an investment
Global Mining Industry becomes relevant as an investment… Although still nascent, the consolidation of the gold sector has already created synergies of equal value to a new gold major Key Deals Since Barrick / Randgold Merger Top 10 Gold Mining Companies4 (Based on Market Capitalisation) Announcemen
Slide 10: Mining is about geology and orebodies
Mining is about geology and orebodies… Adding value with M&A only starts here!!!! Value Brownfields exploration - It’s about what further we can add to discovery reserves Delivery of value production development Feasibility Feasibilities are about proper testwork and correct and realistic assumption
Slide 11: A partnership for long term value creation
A partnership for long term value creation Mining for a brighter future October 2020
Slide 12: Veladero revitalized
Mine - Process Veladero revitalized… 2030-33 Revitalized for Mine - Process the future… 2027-31 Mine - Process Potential new life of mine to 2033 2025-28 Strong geological and MRM management capacity Extended life of mine beyond 2030 by a pit pushback Continued capital investment in key infr
Slide 13: Impact of strong in-country value creation
Impact of strong in-country value creation(i)… Exports New Trust Fund Phase 6 for community Exports infrastructure Good & Services Good & Services Purchases Purchases paid in-country $ 6.1 B $ 2.7 B paid in-country 9.5 B Taxes paid Taxes $ 5.3 B $ $ 2.7 B $1.9 B Wages $ 710 M 560 M $ Wages 9.2 M 6.2
Slide 14: Investment projects
Investment projects… SUMMARY PROJECTS 2020 - 2021 PHASE 6 PHASE 4B/5B POWER LINE(i) AIRSTRIP % Progress 71.2 % 100 % 72 % 91.9 % Expected May Completed July(ii) December completion 2021 February 2020 2021 2020 Investment1 US$ 163.5 M US$ 9.9 M US$ 41.6 M(i) US$ 4 M SUMMARY NEW Phase 7A – 7B VLF Phas
Slide 15: ESG…Local employment impact
ESG…Local employment impact 2020 Workforce 3,310 (i) 2021-2033 5,000 (ii) 93.2% 830 Community (25.0%) 4,500 2,257 San Juan (68.2%) 4,000 209 Argentina Other (6.3%) San Juan 3,500 3,000 14 Foreign ( 0.5%) 2,500 2,000 +430 jobs expected from October mainly due to 99.5% 1,500 1,000 civil works Argentin
Slide 16: ESG…Community initiatives
ESG…Community initiatives Community Plants for Water Forestry Development Potable Management Plan Committees Water Iglesia Pillars: Education, 6,000 trees in Iglesia 11 plants committed Hydrological actions Health, Safety, 7 plants delivered in progress: Economic, 6,000 trees in Jáchal Malimán, Maip
Slide 17: Fighting Covid-19 in Argentina
Fighting Covid-19 in Argentina… Preventive protocol based on testing and response capacity, social distancing in camp, mine transport and ‘golden’ rules for self-care Over 45,000 controls performed and 15,000 tests to workers (including triple testing during a shift(i)) Contributed 157,000 RT-PCR an
Slide 18: Exploration…looking for a Tier One cluster
Exploration…looking for a Tier One2 cluster Veladero-Lama Brownfields: Find and develop at least one satellite deposit to fill the gap of declining production following the current LOM at Veladero Pascua Lama Consolidate and evaluate the next opportunity in the Veladero cluster with a focus of lever
Slide 19: Pascua-Lama update
Pascua-Lama update… Barrick accepted the Environmental Court’s decision to uphold the closure order imposed on the Chilean portion (Pascua) of the project Pascua will now be transitioned from care and maintenance to closure Pascua-Lama remains an important project and work is already underway to re-
Slide 20: Partnerships for long term value creation
Partnerships for long term value creation… Governments NGOs and Regulators Successful partnerships in host countries are key to finding, developing and running world class mines An example of this is reflected in our focus that has revitalized Veladero and positioned it to Mining deliver long term v
Slide 21: Technical Information & Endnotes
Technical Information & Endnotes The scientific and technical information contained in this presentation has been reviewed and approved by Chad Yuhasz, P.Geo, Mineral Resource Manager, Latin America and Asia Pacific, who is a “Qualified Person” as defined in National Instrument 43-101 – Standards of
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