Barrick Mining Corporation · TSX:ABX
Barrick Mining — Fact Sheet (February 2024)
16 slides from Barrick Mining's fact sheet, February 2024
Slide 1: Facts & Figures: 2023 Highlights
Facts & Figures February 2024 2023 HIGHLIGHTS ALL AMOUNTS EXPRESSED IN U.S. DOLLARS WHY INVEST IN BARRICK GROUP GOLD PRODUCTION GROUP COPPER PRODUCTION NET EARNINGS Best asset base 4.05 420 $1,272 A peer-leading and world-class Tier One gold and copper portfolio continues to create value. Growing co
Slide 2: To Be World Class You Have to Be Global
TO BE WORLD CLASS YOU HAVE TO BE GLOBAL BARRICK OPERATES ON 4 CONTINENTS IN 18 COUNTRIES 2
Slide 3: 2024 Guidance
2024 GUIDANCE GOLD COPPER 3.9 – 4.3 Moz 180 – 210 Kmt GROUP GOLD PRODUCTION GROUP COPPER PRODUCTION $1,320 – $1,420 $2.65 – $2.95 COST OF SALES PER OUNCE4 COST OF SALES PER POUND4 $940 – $1,020 $2.00 – $2.30 TOTAL CASH COSTS PER OUNCE5 C1 COSTS PER POUND6 $1,320 – $1,420 $3.10 – $3.40 AISC PER OUNCE
Slide 4: The Gold Standard in Sustainability, Investing in a Better Future
THE GOLD STANDARD INVESTING IN A IN SUSTAINABILITY BETTER FUTURE ESG has become a mainstream concept but for Barrick it is nothing new. Sustainability, socio-economic upliftment and biodiversity management have always been entrenched in our DNA. We strive to be a good corporate citizen and a genuine
Slide 5: Nevada Gold Mines
NEVADA GOLD MINES Nevada Gold Mines (NGM) is the single largest gold-mining complex in the world, producing more than 3 million ounces a year.i Owned 61.5% and operated by Barrick, it comprises three of the company’s NGM has committed to a 20% carbon reduction by 2025 which will be Tier One assets —
Slide 6: Pueblo Viejo
PUEBLO VIEJO Pueblo Viejo consists of two open pits, Moore and Monte Negro, with processing through autoclaves. Pueblo Viejo is a conventional truck and shovel mining operation where commercial production began in 2013. The mine is approximately 100 kilometres northwest of the national capital of Sa
Slide 7: Loulo-Gounkoto
LOULO-GOUNKOTO The Loulo-Gounkoto complex comprises the Yalea and Gara underground operations, the Gounkoto open pit operation as well as a number of satellite deposits. The complex is located 500km north west of the Malian capital of Bamako on the border with Senegal. Production at Loulo started in
Slide 8: Kibali
KIBALI Kibali was developed by legacy Randgold and ranks as one of the largest gold mines in Africa. Kibali comprises an integrated open pit and underground operation, as well as a 7.2 million tonnes per annum processing plant. First gold was poured in 2013 from open pit operations, while full under
Slide 9: Copper Portfolio
COPPER PORTFOLIO LUMWANA ZALDÍVAR JABAL SAYID Lumwana is a conventional open pit truck and Zaldívar is a 50/50 joint venture with Antofagasta Jabal Sayid is located 350 kilometres north-east shovel operation. The 100%-owned mine is located Plc, the operator of the mine. The open-pit, heap of Jeddah
Slide 10: Exploration
EXPLORATION Successful exploration is the lifeline for any mining company, being to mining what research and development is to the pharmaceutical industry. Both Barrick and Randgold were built on pioneering exploration Our strategy is to: success as well as significant reserve additions that followe
Slide 11: Our Commitment to Shareholder Returns
OUR COMMITMENT TO SHAREHOLDER RETURNS Cash returns of $700 million to shareholders in 2023 in the form of dividends $1 billion share buyback program announced Returns to Shareholders for the next 12 monthsi $ millions In addition to our quarterly base dividendii, a performance enhancement may be dec
Slide 12: 10 Year Gold and Copper Production Outlook
10 YEAR GOLD AND COPPER Production outlooki (Gold Equivalent Koz) Refer to Appendix B. On an attributable basis. Gold Equivalent Oz from copper assets are calculated using a gold price of $1,900/oz for 2024 and $1,300/oz 2025+; and copper price of $3.50/lb for 2024 and $3.00/lb 2025+. Includes gold
Slide 13: Key Numbers; Organic Replacement of Reserves Sets Us Apart
KEY ORGANIC REPLACEMENT OF NUMBERS RESERVES SETS US APART Since year end 2019 >140%12 of company’s gold reserve depletion replaced — Financial Results 2023 2022 adding almost 29Moz of attributable proven and probable reserves13 while Realized gold price10 1,948 1,795 $ per ounce sustaining the quali
Slide 14: Endnotes
ENDNOTES Endnote 1: EBITDA is a non-GAAP financial performance measure, which excludes the following from net earnings: income Endnote 6: “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial measures. “C1 cash tax expense; finance costs; finance income; and deprec
Slide 15: Technical Information; Appendix A Project Pipeline
interest of these items. Management uses this measure internally to evaluate our underlying operating performance for TECHNICAL INFORMATION the reporting periods presented and to assist with the planning and forecasting of future operating results. Management believes that adjusted net earnings is a
Slide 16: Appendix B (continued); Cautionary Statement on Forward-Looking Information
APPENDIX B (CONTINUED) work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with respect to foreign legal Our five-year indica