Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Merger or Acquisition (July 2019)
16 slides from Barrick Mining's merger presentation, Jul 1, 2019
Slide 1: Nevada Gold Mines mission
MISSION: To be the world’s most valued gold mining business by finding, developing, and owning the best assets, with the best people, to deliver sustainable returns for our owners and partners
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information This presentation contains statements which are, or may be deemed to be, “forward-looking statements” (or “forward-looking information”), under applicable securities laws including for the purposes of the US Private Securities Litigation Reform Act
Slide 3: A joint venture between Barrick and Newmont Goldcorp
a joint venture between Barrick and Newmont Goldcorp Ownership Operator Governance Barrick 61.5% Barrick Board of Directors: Barrick 3 board seats Newmont Goldcorp 38.5% Newmont Goldcorp 2 board seats 3 Advisory Committees: Equal representation from Barrick and Newmont Goldcorp
Slide 4: Nevada Gold Mines JV will be the single largest gold producer in the world
Nevada Gold Mines JV will be the single largest gold producer in the world… Gold mines ranked by 2018 gold production1 (Moz) 4.1 1.3 1 1 0.8 0.7 0.7 0.7 0.6 0.6 1. Source: S&P Global Market Intelligence and company disclosure. Based on primary gold mines only. Shown on a 100% basis. Excludes state-o
Slide 5: Assets in Northeastern Nevada
Assets in Northeastern Nevada…2018 10 Underground Mines 6M Ore Tonnes Mined Turquoise Twin Creeks 12 Open Pits Ridge N 66M Ore Tonnes Mined South Arturo Goldstrike Winnemucca Carlin Elko Long Canyon 2 Autoclave Facilities Phoenix / Gold Quarry 8M Tonnes Processed Lone Tree Emigrant 2 Roasting Facili
Slide 6: Strong Reserve & Resource base as at year end 2018
Strong Reserve & Resource base…as at year end 2018 Twin Creeks4 P&P: 3.2Moz @ 1.9g/t M&I: 2.8Moz @ 2.1g/t Inf: 0.7Moz @ 1.7g/t Goldstrike/S Arturo4 (60%) Turquoise Twin Creeks N P&P: 8.9Moz @ 3.9g/t Turquoise Ridge4 Ridge M&I: 2.1Moz @ 3.0g/t P&P: 9.1Moz @ 13.0g/t South Arturo Inf: 0.5Moz @ 5.5g/t M
Slide 7: One Team with One Mission
One Team with One Mission… Attract and develop strong, world-class people who are informed and involved in the processes of the company, act with integrity and are tireless in their pursuit of excellence.
Slide 8: Best Assets: 3 Tier One and potentially One in the making
Best Assets…3 Tier One5 and potentially One in the making Twin Creeks HUMBOLDT ELKO Headcount 461 Goldstrike HUMBOLDT Turquoise Ridge Headcount 1647 Twin Creeks PERSHING Headcount 500 Turquoise Ridge ELKO Carlin Phoenix / Lone Tree South Arturo all surface & underground WASHOE LANDER EUREKA Goldstri
Slide 9: Partnering with Communities
Partnering with Communities… Build and strengthen trust with community stakeholders Commitment to partnerships with long-term sustainable outcomes Manage operational impacts and maximize opportunities in host communities Introduce Nevada Gold Mines Legacy Fund modeled after Newmont Goldcorp LF Enabl
Slide 10: Creating Value for All Stakeholders
Creating Value for All Stakeholders… Longer Profitable Mine Lives Maximising Increased Reserves Nevada’s potential and Resources Longer Profitable Mine Lives Lower Cut-Off Grades Longer Term Employment Opportunities Lower Costs / Higher Longer Term Benefit Sharing Free Cash Flow With Local Communiti
Slide 11: Synergies: up to $500m per year for first 5 years
Synergies…expecting to deliver up to $500m per year for first 5 years Regional and site based indirect costs Integrated mine planning Realised in current plan: Realised in current plan: Rationalizing regional G&A including office consolidation - Roaster ore routing: optimize blending at Goldstrike a
Slide 12: Next Steps: 2019 timeline
Next Steps…2019 timeline Q4 Deliver short term synergies Q2 to Q3 Map long term synergies Orebody model reviews and Conduct full operational review optimisation July 1st of the JV assets Mine plan optimisations Strategic plan in August Growth and efficiencies Access to Newmont Nevada Talent review s
Slide 13: Nevada Gold Mines: best assets with best people to deliver best value
Nevada Gold Mines…best assets with best people to deliver best value to stakeholders Targeting production of between 1.8Moz and 1.9Moz at a preliminary estimated cost of sales6 of $940 - $970 per ounce and AISC7 of $920 - $950 per ounce for H2 20198 Leadership team in place - One Team sharing One Vi
Slide 14: Third Party Data and Technical Information
Third Party Data and Technical Information Third Party Data Certain comparisons of Barrick, Newmont Goldcorp and their industry peers are based on data obtained from Wood Mackenzie. Wood Mackenzie is an independent third party research and consultancy firm that provides data for, among others, the m
Slide 15: Endnotes
Endnotes 1. The pro forma reserves and resources figures of Nevada Gold Mines were derived by adding the respective reserves and resources in respect of Nevada operations reported by Barrick in its 2018 Annual Information Form and Newmont in its press release dated February 21, 2019 reporting its 20
Slide 16: Endnotes
Endnotes 5. A Tier One gold asset is a mine with a stated mine life in excess of 10 years with annual production of at least five hundred thousand ounces of gold and total cash cost per ounce within the bottom half of Wood Mackenzie’s cost curve tools (excluding state-owned and privately owned mines