Barrick Mining Corporation · TSX:ABX
Barrick Mining — Mines & Money 2023
15 slides from Barrick Mining's conference presentation, Nov 28, 2023
Slide 1: How can the industry better resource tomorrow?
How can the industry better resource tomorrow? Mines & Money November 2023
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: Defining Critical Mining
ENERGY SOCIAL DEVELOPMENT ENVIRONMENT Defining SOCIAL Critical UPLIFTMENT Mining INFRASTRUCTURE TECHNOLOGY 3
Slide 4: Mining's contribution to developing economies
Mining’s contribution to developing economies… The majority of countries with significant minerals and metals exports (as a percentage of total merchandise exports) are developing economies which rely on the mining industry’s contribution for economic growth The gold mining industry has a significan
Slide 5: Estimated Metal Supply (2011 – 2030)
Estimated Metal Supply (2011 – 2030)… GOLDi COPPERii Mined gold production is estimated to plateau at current levels Copper production is expected to increase in the near term – with a lack of quality projects to replace current supply but without new production, supply is expected to fall far short
Slide 6: New Major Gold Discoveries
New Major Gold Discoveries… Over the past two decades, new gold discoveries have slowed considerably, with more gold production today coming from older mines The lack of new discoveries is being driven by declining exploration budgets, companies choosing to focus more on advanced-stage assets, and t
Slide 7: New Major Copper Discoveries
New Major Copper Discoveries… Number of major discoveries Copper exploration budget 18 17 $5,000 16 16 $4,500 15 15 Copper Exploration Budget (US$m) $4,000 Number of Major Copper Discoveries 14 13 12 $3,500 12 11 11 10 10 10 $3,000 10 9 9 8 8 8 $2,500 8 7 7 7 7 $2,000 6 5 $1,500 4 4 3 $1,000 2 2 1 1
Slide 8: Gold and Copper price performance
Gold and Copper price performance… GOLD COPPER Gold price Copper price (US$/oz) (US$/lb) 2,500 6.00 5.00 2,000 4.00 1,500 3.00 1,000 2.00 500 1.00 0 0.00 1990 1994 1998 2002 2006 2010 2014 2018 2022 1990 1994 1998 2002 2006 2010 2014 2018 2022 Source: Bloomberg 8
Slide 9: Where to go to find world class gold and copper deposits
Where to go to find world class gold and copper deposits… N America 2 Boz gold Kupferschiefer Baltica Tethyan Metallogenic Siberian Craton 0.49 Bt Cu Belt Belt copper Canadian Shield Europe 0.5 Boz gold 0.2 Bt copper Asia Pacific North American Africa & 2.5 Boz gold Cordillera Middle East 0.38 Bt co
Slide 10: Social & Economic contribution of gold mining in 2022
Social & Economic contribution of gold mining in 2022*… $38.3bn $10.1bn Payments to in-country payments to employees $9.3bn suppliers 364 078 payments to total workforce governments supporting livelihoods 95% $570m employees are host country nationals total payments to communities Every job in the i
Slide 11: Copper…a strategic metal
Copper…a strategic metal Increasing opportunities for sustainable, inclusive, and decent livelihoods, both within the value chain and the communities connected to it Source: Copper Mark 11
Slide 12: Holistic and Integrated Management
Holistic and Integrated Management The Bridge to Achieving the UN SDGs Sustainability Vision is underpinned by the knowledge that sustainability aspects are interconnected This approach is based on science and links to the UN Sustainable Development Goals (SDGs), and seeks to deliver outcomes that a
Slide 13: Value creation through exploration and development
Value creation through exploration and development… Responsible discovery Geology not geography sets the potential to find Tier One1 deposits and mining delivers Growth through organic discovery and post acquisition addition minerals and metals essential to Value Curve development Quality of reserve
Slide 14: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us
Slide 15: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and with all in sustaining costs per ounce in the lower half of the industry cost curve. A Tier One Copper Asset is an asset with a