Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Day (May 2021)
21 slides from Barrick Mining's investor day presentation, May 2021
Slide 1: May 2021 Investor Day
May 2021 Investor Day A joint venture between Barrick and Newmont Corporation OPERATED BY BARRICK
Slide 2: Cautionary Statement
CAUTIONARY STATEMENT 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, other than statements of histor
Slide 3: Cortez Complex
CORTEZ COMPLEX
Slide 4: Cortez Complex Overview
Cortez Complex Overview Crescent Valley Operations spanning three valleys Crescent Valley Cortez Complex Grass Valley 100 km southwest of Elko Pine Valley Approx. 400 km2 Second largest gold Mill 2 Onsite Support Functions producer in NGM 9.7Moz P&P @ 2.92g//ti Health and Safety Includes 3 x open pi
Slide 5: Cortez Complex Overview: Open Pit Operations
Cortez Complex Overview Operations spanning three valleys Crescent Valley Gold Acres Grass Valley Final pit to be Pine Valley mined in the LOM Open Pit Operations Gold Pipeline Pipeline Acres Currently mining Crossroads Phase 10 Cortez Hills (buttress) Pipeline Leach and oxide Cortez Pits & NW Deeps
Slide 6: Cortez Complex Overview: Underground Operations
Cortez Complex Overview Operations spanning three valleys Crescent Valley Grass Valley Pine Valley Open Pit Operations Gold Pipeline Acres Crossroads Goldrush Pipeline Cortez Hills (buttress) Foundation of the future Cortez Pits (NW Deeps) of Cortez and NGM Crossroads Exploration declines Gold Acres
Slide 7: Cortez Complex Overview: Processing Facilities
Cortez Complex Overview Mill 2 - Oxide Operations spanning three valleys ~13kt / day Crescent Valley SAG and Ball Mills Grass Valley 8 x CIL and 6 x CIC Tailings capacity to 2052 Pine Valley Open Pit Operations Gold Mill 2 Pipeline Acres Crossroads Pipeline Cortez Hills (buttress) Cortez Pits (NW De
Slide 8: Cortez Complex Overview: Exploration
Cortez Complex Overview Robertson Emerging Tier 2 Asseti Operations spanning three valleys Leach and oxide mill Crescent Valley Robertson Upper plate deposit with Grass Valley excellent growth potential Pine Valley Open Pit Operations Robertson to Pipeline Gold Mill 2 Pipeline Acres 7km exploration
Slide 9: Goldrush
Goldrush Twin Exploration Declines completed in 2020 with Key Milestones contractors Notice of Intent – Q2 2021 Development and exploration ongoing from Initial Contribution – H2 2021 underground with NGM employees and equipment Record of Decision – Q1 2022 Permitting in progress LOM – 20+ years, 27
Slide 10: Robertson
Robertson Pre-feasibility study in progress Exploration upside identified Robertson open Resource pit Current Cortez equipment and manpower will be transferred to Robertson once Crossroads Open Pit mining is completed A open Leach grade ore to be processed through a High-Pressure Grinding Roll (HPGR
Slide 11: Cortez Ten Year Plan
Cortez Ten Year Plan Cortez Production – 10 Year Plan Key Events in 10-year Plan Cortez plan includes Goldrush contribution beginning 2021 as part 1,400 of exploration development activities Robertson first production in Q4 2024, subject to permitting 1,200 Exploration Projects Provide Upside to Pla
Slide 12: Cortez on a page
Cortez on a page Underground Surface Process Facilities 5.5moz at 9.38g/t – P&P reservesi 4.2moz at 1.52g/t – P&P reservesi Pipeline oxide mill capacity: ~13ktpd Cortez Hills Underground Pipeline – Mining Phase 10 Heap leach F-Canyon Portals – Access Crossroads – Mining Phase 4, Area 30 Range Front
Slide 13: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Rodney Quick, MSc, Pr.Sci.Nat, Mineral Resource Management and Evaluation Executive; Craig Fiddes, BSc (Geol) (Honours), SME Registered Member, Resource Modeling Manager, N
Slide 14: Endnotes
Endnotes 1. Gold cost of sales per ounce is calculated as cost of sales across our gold operations (excluding sites in care and maintenance) divided by ounces sold. 2. “Total cash costs” per ounce, “All-in sustaining costs” per ounce and "All-in costs" per ounce are non-GAAP financial performance me
Slide 15: Endnotes
Endnotes 3. Nevada Gold Mines Resources (inclusive of Reserves) and Reserves are summarized below, including Nevada Gold Mines’ 60% interest in South Arturo and Barrick’s 100%-owned Fourmile project. Totals may not appear to sum correctly due to rounding. 4. Estimated in accordance with National Ins
Slide 16: Endnotes
Endnotes 8. “Free cash flow” is a non-GAAP financial performance measure which deducts capital expenditures from net cash provided by operating activities. Barrick believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash. Fre
Slide 17: Appendix A – Outlook
Appendix A – Outlook Key assumptions 2021 2022 2023 2024+ Gold Price ($/oz) 1,700 1,200 1,200 1,200 Copper Price ($/lb) 2.75 2.75 2.75 2.75 Oil Price (WTI) ($/barrel) 60 60 60 60 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 100.00 100.00 100.00 CAD Exchange Rate
Slide 18: Appendix B – Carlin Trend Significant Intercepts
Appendix B – Carlin Trend Significant Interceptsi Drill Results from Q1 2021 i. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8m; internal dilution is Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) less than 20% total width. 613.3-
Slide 19: Appendix B – Carlin Trend Significant Intercepts
Appendix B – Carlin Trend Significant Interceptsi i. All intercepts calculated using a 5 g/t Au cutoff and are Drill Results from 2020/Legacy Results uncapped; minimum intercept width is 0.8m; internal dilution Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) is less than 20% total w
Slide 20: Appendix C – North Leeville Significant Intercepts
Appendix C – North Leeville Significant Interceptsi Drill Results from Q1 2021 i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 3.0 m; internal dilution 733.6-736.7 3.1 16.72 is less t
Slide 21: Appendix C – North Leeville Significant Intercepts
Appendix C – North Leeville Significant Interceptsi Drill Results from 2020 i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 3.0m; internal dilution is CGX-20075 68 -84 909.5-912.6 3.1