Barrick Mining Corporation · TSX:ABX
Barrick Mining — Nevada Gold Mines — Investor Day (May 2021)
23 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: Exploration & MRM
EXPLORATION & MRM Geology Driven, Focused on Growth and Maximizing Value
Slide 4: Orebody knowledge... key to optimizing value
Orebody knowledge... key to optimizing value Strategy is built on quality geology, models, and the best people to make discoveries and create value Exploration Geological progress since the creation of NGM Implementation of the Exploration and MRM function and culture at all mines. Representation
Slide 5: Focused on Sustainable Delivery
Focused on Sustainable Delivery Have a 10-Year plan, extending to 15 years, organically through asset optimization, advancing existing projects and new discoveries 11–15 years 6–10 years Develop the 15-year Plan 0–5 years Increase Confidence in the 10-year Plan De-risk the 5-year Plan
Slide 6: Project Pipeline... using our strategic filters
Project Pipeline… using our strategic filters Balanced Resource Triangle Operating mines Realize value Reserve definition Feasibility projects and Evaluate against our Measured & indicated resources reserve and resource definition strategic filters and Inferred resources optimize in the LOM Advanced
Slide 7: Extensive R&R... base of our sustainable delivery
Extensive R&R…. base of our sustainable deliveryi PROVEN PROBABLE PROVEN + PROBABLE Tonnes Au Grade Contained Au Tonnes Au Grade Contained Au Tonnes Au Grade Contained Au (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) CARLIN 86 4.22 12 93 2.69 8.1 180 3.42 20 CORTEZ 7.4 3.34 0.80 96 2.89 8.9 100
Slide 8: Track record of organic growth
Track record of organic growth Sustainable delivery Proven ability to organically for the next 10 years Building a grow our assets 15-year plan 4.0 Carlin Complex 3.5 3.0 Cortez Gold Production (Moz) 2.5 2.0 Turquoise Ridge 1.5 1.0 Goldrush 0.5 Fourmilei 0.0 Acquired Added 2021 2022 2023 2024 2025 2
Slide 9: Nevada... growth across the core districts
Nevada… growth across the core districts Carlin Resource drilling initiated at North Leeville Realizing the full potential of the greater Leeville area Infilling and confirming continuity at Ren Success targeting breccia-hosted high grade along Turquoise Ridge N the fertile Post fault Testing extens
Slide 10: Carlin Trend... opportunities
Carlin Trend… opportunities One team advancing targets across a unified Ren district Leeville mineralization remains open Goldstrike Ren expansion being targeted from surface and Leeville underground platforms Successful targeting down plunge extensions along fertile Post-Gen fault corridor Framewor
Slide 11: North Carlin Trend... Targeting high grade extensions and new discoveries
North Carlin Trend… Targeting high grade extensions and new discoveriesi Long Section along Post-Gen Fault Corridor South North Dormant Target Dogma Target No Significant 25m @ 11.8 g/t No Significant Follow up in progress Intercept 2.7m @ 16.6 g/t Intercept Battle Star Goldstrike Pit Deep Star Deep
Slide 12: North Leeville... growth opportunity
North Leeville… growth opportunityi N CGX-20079 500m Two emerging high grade zones within 12.3m @ 18.3g/t Emerging high-grade 3.8m @ 8.9g/t a broad tabular mineralized horizon centers; focus for resource definition CGX-00076A Strong stratigraphic control enhanced 23.3m @ 32.6g/t CGX-20081 by folding
Slide 13: Cortez District... opportunities
Cortez District… opportunities Cortez Complex (100% basis)i OPEN P&P: 9.7 Moz at 2.92 g/t Dorothy Robertson M&I: 20 Moz at 2.84 g/t N Inferred: 5.5 Moz at 1.8 g/t Sophia Crossroads Blanche Cortez Pits Buckhorn Rose Fourmile ii Cortez Hills Fourmileii Barrick NGM Goldrush Goldrush 2020 P&P Reserve 20
Slide 14: Turquoise Ridge... opportunities
Turquoise Ridge… opportunities Improved understanding of controls to mineralization leads to improved foundation for mine design, planning and reconciliation N 1 g/t grade shell extends well outside the orebody into less 1.5km Getchell Fault favorable stratigraphy - provides a vastly larger target a
Slide 15: 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 16: 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 17: 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 18: 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 19: 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 20: 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 21: 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 22: 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 23: 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