Slide 1: The new value champion in the gold industry
The new value champion in the gold industry… Indaba 2019
Slide 2: Gold has outperformed equities, bonds and key commodities since 2000
Gold has outperformed equities, bonds and key commodities since 2000… Indexed performance of gold against other asset classes Index (Base = 100) 700 700 600 600 500 500 400 400 300 300 200 200 100 100 0 0 Dollar Index S&P 500 Copper Oil U.S. Agg. Bond Index Gold Source: Bloomberg
Slide 3: Precious metals industry has failed to deliver value for shareholders
Precious metals industry has failed to deliver value for shareholders despite higher gold prices… US$/oz 2000 250 1800 Gold price 1600 200 1400 1200 150 1000 800 100 600 400 50 200 XAU Index 0 0
Slide 4: Why no growth in gold production?
Why no growth in gold production?… is the industry reserve being plundered? Ore production by process type Tonnage processed (Bt) Processed ore grade (g/t) 4.0 3.0 Total Milled Total Leached 3.5 Total Tailings Dump Total Milled Grade 2.5 3.0 Total Leach Grade 2.0 2.5 2.0 1.5 1.5 1.0 1.0 0.5 0.5 0.0
Slide 5: New gold discoveries are a product of shift to emerging markets
New gold discoveries are a product of shift to emerging markets from the late 80’s to early 90’s… CIA North 4 mines America 23 Moz 6 mines Asia 34 Moz 4 mines Number of new mines since 2008 9 Moz Moz Africa Pacific 25 No. of mines 450 Latin 11 mines 2 mines 400 America 57 Moz 27 Moz 20 350 7 mines A
Slide 6: Mining is about geology and orebodies
Mining is about geology and orebodies… Quality of reserves = value It’s about how much we can add to reserves Value production Discovery and development development build real value discovery exploration Time
Slide 7: Randgold's focus on long term value made it a consistent outperformer
Randgold’s focus on long term value made it a consistent outperformer… Having a Geo-centric culture and flat structure, an owner’s mindset and investment in people, partners and host countries for the benefit of all stakeholders has been the core of the Randgold ethos Randgold’s Relative Share Price
Slide 8: The New Barrick
The New Barrick… Striving 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… Mark Bristow
Slide 9: Strategic filters for investment
Strategic filters for investment… It applies principally to gold (copper) It is located in a world class geological gold district We have the right to mine and repatriate profits It fits our values in respect to social license, political risk, environmental compliance, manage closure liability FILTE
Slide 10: Barrick…extensive land positions in many of the world's prolific gold districts
Barrick…extensive land positions in many of the world’s prolific gold districts M&I Resources1 Donlin Gold (50%) 4% 23% 43% Golden Sunlight Hemlo Turquoise Ridge (75%) Loulo-Gounkoto Goldstrike (80%) 30% Pueblo Viejo Jabal Sayid (50%) Cortez Massawa (60%) Morila (40%) Goldrush/ (83.25%) Fourmile Ton
Slide 11: Barrick…3D growth
Barrick…3D growth Asset optimisation Improved efficiencies Focus on delivery Fourmile / Goldrush Veladero Nevada Kibali Pueblo Viejo Turquoise Ridge Nevada Veladero Lagunas Norte Potential Tier 1 Canada Africa + Loulo-Gounkoto El Indio Peru Guiana Shield Brownfield Copper Extensions Exploration
Slide 12: A proven management team committed to value creation
A proven management team committed to value creation… John Thornton Barrick Executive Chairman Board of Directors Mark Bristow President and CEO Kevin Thomson Graham Shuttleworth COO COO COO SEVP CFO SEVP Strategic Catherine Raw Mark Hill Willem Jacobs Rodney Quick Rob Krcmarov Matters North Latin A
Slide 13: Disclaimer
Disclaimer… 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 s