Barrick Mining Corporation · TSX:ABX
Barrick Mining — Gold Forum Americas 2024
19 slides from Barrick Mining's conference presentation, September 2024
Slide 1: World class mines. World class people.
World class mines. World class people. NYSE: GOLD TSX: ABX Gold Forum Americas September 2024
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: A World-Class Global Mining Company
A World-Class Global Mining Company… +$5 billion Strong operating cash flows Balance Sheet Strength returned to A3 enhance shareholders Net leverage1 since 2019 Moody’s credit rating financial near zero in the form of dividends, Highest in the gold industry flexibility returns of capital, and share
Slide 4: Our Global Presence
Our Global Best portfolio of Tier One2 gold assets and Presence doubling copper exposure by 2029i Donlin Geographical (50%) CANADA distribution of 2023 Loulo- gold production Fourmile 100% USA Hemlo Gounkoto 80% 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridge DOMI
Slide 5: 6 Tier One gold mines
6 Tier One gold mines… CARLIN COMPLEX CORTEZ COMPLEX TURQUOISE RIDGE Nevada (61.5%) Nevada (61.5%) Nevada (61.5%) On track for the year; focus is on Gold production tracked well in Q2 ■ Gold production 16% higher quarter underground development to on higher grade underground ore on quarter as planne
Slide 6: Barrick's Gold Growth
Barrick’s Gold Growth… NEVADA GOLD MINES Leeville – a world class complex in the Carlin district potential to increase current reserves two to three times from PUEBLO VIEJO JV (60%) near mine exploration within the next five to ten Plant and TSF capacity expansions extend life of years, extending th
Slide 7: Barrick's Copper Growth
Barrick’s Copper Growth… LUMWANA Feasibility study for Super Pit expansion on track for completion at year end – projected to deliver 240ktpa of copperi,6 3 year construction period expected to deliver first production by 20284 LUMWANA SUPER PIT EXPANSION (100%) - 240kt p.a. of copper from a 50Mt p.
Slide 8: Barrick…a sustainable business with industry-leading shareholder alignment
Barrick…a sustainable business with industry-leading shareholder alignment Gold Reserves Cumulative Shareholder Projected GEO Production Mozi Returnsii Moziii 90 5,000 US$ millions 8 Reko Diq & Lumwana Super Pit 80 4,500 Copper 7 Gold ~ 7.0Moz 4,000 70 6 GEO by 3,500 2030 60 3,000 5 >30% 50 2,500 4
Slide 9: Contributing to the Sustainability Development Goals
Contributing 97% 57% 74% 21% 26,000 to the Employees are Employees from Senior manager Women in Employees host country communities are host country Management across Sustainability nationals surrounding the mine nationals Positions the globe Development Goals Barrick pioneers Biodiversity Assessment
Slide 10: Why invest in Barrick?
Why invest in Barrick? Unparalleled ability Best quality gold Sustainable growth to organically replace assets in the offered by current reserve depletion industry development projects Highest gold Partnership strategy Significant cash flow reserve grade ensures host country from operations amongst
Slide 11: What is Barrick's True Value?
What is Barrick’s True Value?... Nevada Gold Mines - 2023 Gold Production (koz) Barrick Copper - 2023 Copper Production (Mlbs)4 The Largest Gold Complexi in the best Jurisdictionii globally A strong copper business with two large growth projects 3,033 2,798 Investment Attractiveness Reko Diq Line 2
Slide 12: Showcasing the unrealized value
Showcasing the unrealized value… Barrick Market Capi $36.5bn Analyst Consensus Market Based Implied NAVii P/NAV Multiple Valueiv Nevada Gold Mines (61.5% share) $13.1bn 1.86xiii $24.4bn Barrick Copper Assets (including Reko $8.0bn At Least 1.1xv At least $8.8bn Diq 50% share & Lumwana expansion) Com
Slide 13: Learn more
Annual Report Sustainability Report Latest Quarterly Report Learn more View our latest reports www.barrick.com NYSE : GOLD TSX : ABX
Slide 14: Technical Information
Technical Information The scientific and technical information contained in this MD&A has been reviewed and approved by Craig Fiddes, SME-RM, Lead, Resource Modeling, Nevada Gold Mines; Richard Peattie, MPhil, FAusIMM, Mineral Resources Manager: Africa and Middle East; Simon Bottoms, CGeol, MGeol, F
Slide 15: Appendix A – Greater Leeville Significant Intercept Table and 2023 Mineral Reserves and Mineral Resources
Appendix A – Greater Leeville Significant Intercept Table and 2023 Mineral Reserves and Mineral Resources Select Leeville Drill Results The drilling results for Leeville contained in this presentation have been prepared in Core Drill accordance with National Instrument 43-101 – Standards of Disclosu
Slide 16: Appendix B – Barrick Historical Attributable Mineral Reserves
Appendix B – Barrick Historical Attributable Mineral Reservesi,ii Proven Probable Total Tonnes Grade Contained ozs Tonnes Grade Contained ozs Tonnes Grade Contained ozs Year Gold Price Assumption (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) 2019 $1,200/oz 280 2.42 22 1,000 1.44 47 1,300 1.65 6
Slide 17: Appendix C – Barrick Attributable Historical Gold Production
Appendix C – Barrick Attributable Historical Gold Productioni On Attributable Basis: Twelve Months Gold Production Ending (koz) December 31: 2019 5,465 2020 4,760 2021 4,437 2022 4,141 2023 4,054 Total 22,857 17
Slide 18: Appendix D – Barrick Performance Dividend Policy
Appendix D – Barrick Performance Dividend Policy Beginning in 2022, Barrick established a performance dividend policy that will enhance the return to shareholders when our liquidity is strong. The amount of the performance dividend on a quarterly basis will be based on the amount of net cash on Barr
Slide 19: Appendix E – Assumptions/Outlook
Appendix E – Assumptions/Outlook Key Outlook Assumptions 2024 2025 2026+ Gold Price ($/oz) 1,900 1,300 1,300 Copper Price ($/lb) 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 80 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 800 800 800 CAD Exchange Rate (USD:CAD) 1.30 1.30