Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Goldman Sachs Tenth Annual Cyclical Conference (May 2002)
6 slides from Barrick Mining's conference presentation, May 21, 2002
Slide 1: Barrick Gold Corporation – Built to Last
Barrick Gold Corporation Goldman Sachs – Tenth Annual Cyclical Conference Key Largo – May 21, 2002 True to our principles BARRICK BUILT TO LAST True to our strategy $388 Production Net cash increase: $200m Cash A new stage of organic growth and Reserves Investing and dividends $2.2b costs $271 BUILT
Slide 2: A New Generation of Growth Projects
Barrick Gold Corporation Goldman Sachs – Tenth Annual Cyclical Conference Key Largo – May 21, 2002 HOMESTAKE M ERGER A New Generation of Growth Projects Streamline Pascua/Veladero Lower political risk BULYANHULU ALTO CHICAMA North America’s largest $60 million annual synergies GOLDSTRIKE BOS Grade C
Slide 3: Strong Free Cash Flow
Barrick Gold Corporation Goldman Sachs – Tenth Annual Cyclical Conference Key Largo – May 21, 2002 DEVELOPMENT P IPELINE DEVELOPMENT P IPELINE 2.8 TANZANIA ALTO CHICAMA P ASCUA / P ASCUA / VELADERO VELADERO COWAL COWAL DEVELOPMENT P IPELINE P REMIUM G OLD SALES P ROGRAM Rising earnings and cash flow
Slide 4: Acquisition Opportunities
Barrick Gold Corporation Goldman Sachs – Tenth Annual Cyclical Conference Key Largo – May 21, 2002 ACQUISITION O PPORTUNITIES Property Asset Acquisitions Swaps Corporate Acquisitions Organic growth profile Exploration success Growth pipeline Acquisition opportunities “A” rated balance sheet 4
Slide 5: Profitable Growth
Barrick Gold Corporation Goldman Sachs – Tenth Annual Cyclical Conference Key Largo – May 21, 2002 Profitable Growth + BARRICK BUILT TO LAST Competitive Returns RESERVES EXPLORATION 82.3 Industry spending down 60% over the past six years Industry can no longer rely on juniors for new development Sen
Slide 6: Alto Chicama Exploration
Barrick Gold Corporation Goldman Sachs – Tenth Annual Cyclical Conference Key Largo – May 21, 2002 ALTO CHICAMA EXPLORATION 90,000 meter drill program $85m 12 drill rigs total budget Metallurgical testwork AUSTRALIA Process planning TANZANIA ALTO CHICAMA ALTO CHICAMA P ERU Mine permitting CHILE ARGE
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