Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Presentation (May 2023)
47 slides from Barrick Mining's investor presentation, May 10, 2023
Slide 1: Pueblo Viejo JV Investor Tour – May 2023
BARRICK PUEBLO VIEJO JV Investor Tour — May 2023 NYSE : GOLD TSX : ABX World class mines. World class people.
Slide 2: Operational Overview
Operational Overview AM - May 10, 2023 19
Slide 3: 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 Barrick’s strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All state
Slide 4: Pueblo Viejo – A Brief History
Pueblo Viejo – A Brief History Mining commenced at Pueblo Viejo in 1975 – operated by state-owned mining company, Rosario Dominicana, until 1999 The Dominican Republic invited international bids for the Pueblo Viejo lease in 2000 to continue work at the then-abandoned mine (significant remediati
Slide 5: Journey to Zero
Journey to Zero BARRICK PUEBL O VIEJO JV YOU HAVE THE RESPONSIBILITY TO JOURNEY 1Wrzro
Slide 6: Our Barrick DNA
Our Barrick DNA ZERO HARM – A Core Value above all others
Slide 7: Health and Safety (H&S)
Health and Safety (H&S) Notable achievements Maintained certification under ISO 45001 (H&S management systems) More than 50% increase in the use of health and safety leadership interaction tools Optimization of the gas detection system Optimization of the organization's reporting and managem
Slide 8: COVID Management
COVID 19 Management JV Current Location Program Implemented Results No critical cases registered to date. CASE MANAGEMENT Total of 8 people hospitalized for monitoring and control. None in ICU. 100% of cases have recovered. EMPLOYEE SUPPORT Total of 1,973 total cases managed (Confirmed, Prob
Slide 9: Health and Safety
Health and Safety Lagging Indicators JV 2.00 TRIFR7 VS LTIFR7 (2019 – Q1 2023) 1.80 1.73 1.60 1.40 1.20 1.00 0.96 0.80 0.77 0.76 0.67 0.60 0.50 0.40 0.20 0.11 0.10 0.07 0.00 0.00 2019 2020 2021 2022 2023 Q1 TRIFR LTIFR TRIFR Trend LTIFR Trend
Slide 10: Action Plan Objective
WHAT WILL DRIVE OUR SUCCESS FOR 2023 SAFE PRODUCTION THROUGH A STRONG FOCUS ON CONTROLS, PLANNING AND VISIBLE FELT LEADERSHIP SUSTAIN COMPLIANCE AND CONTINUE PROACTIVELY MANAGE RISKS MAINTAIN ZERO IMPROVEMENT WITH BARRICK H&S TO REDUCE INCIDENTS OCCUPATIONAL MANAGEMENT SYSTEM ILLNESSES Revamp Medi
Slide 11: Pueblo Viejo - Site Map
Pueblo Viejo - Site Map North side: Mining and Process area South side: TSF area Current Location Current Location
Slide 12: Pueblo Viejo Geology
Pueblo Viejo Geology The Pueblo Viejo District is located in the central part of the Dominican Republic, on the Caribbean island of Hispaniola, in the province of Sanchez Ramirez El Corozo Pueblo Viejo is a gold epithermal deposit, hosted Candelones by the Los Ranchos Formation. This formation R
Slide 13: Pueblo Viejo Geology
Pueblo Viejo Geology Hosted in a 2 x 3 km volcano-sedimentary basin, the main rock units are: – Carbonaceous lacustrine sediments – Volcanic rocks of felsic to intermediate composition – Intermediate composition intrusive units Controlled by fracture zones of northwest and northeast directions,
Slide 14: Pueblo Viejo An Unrivaled Tier One Operation
Pueblo Viejo An Unrivaled Tier One1 Operation Mine life extends to the 2040s – ramping up production up to 1.0moz per annum in the short term and delivering average annual production of a minimum of 800koz over the Life of Mine2 Pursuing further opportunities to increase PV district and Hispanio
Slide 15: Mining Operations
Mining Operations Since 2019, we have improved mining production year- Open Pit – Key Details on-year through several mining efficiency initiatives: Three Hitachi 3600 shovels – Payload optimization Three Caterpillar 994F & two 994K front end loaders – Speed improvement through haul road stand
Slide 16: Processing Plant
Processing Plant Processing – Key Details Since 2019, a new mill throughput record has been set each successive year Comminution – ~14 Mtpai (incl. plant expansion) Ore Milling Circuit Primary crushing – Two gyratory crushers – Pebble crusher upgrade, reduce re-circulating load Milling – 2
Slide 17: Life of Mine (LOM) Plan
Life of Mine (LOM) Plan Pueblo Viejo LOM 1,400 100% Gold Production (koz) 1,200 1,000 800 >800koz 600 400 200 0 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 onwards Mine life extends to the 2040s – ramping up production up to 1.0moz per annum in the short term and delivering average annual pr
Slide 18: Mining Technology
Mining Technology Fleet Management Drill and Blast Hydrogeology Geotech High precision system Blastlogic: streamlined Canary System – Real 4 IDS ArcSar Radar in the following fleets drill & blast design, time monitoring of vertical InSar Satellite Primary loading tracking and analysis ho
Slide 19: Process Plant Technology
Process Plant Technology Load Control – SAG Mill Vibrating sensor technology that provides a dynamic picture of the load inside the mill Liner damage level – instantaneous liner impact level indication Thermographic Testing to detect scaled sections of pipes/equipment APC Automation of the a
Slide 20: Human Resources
Human Resources Employment Development Programs 2,877 Job Ready New Graduates 49 Total Headcount 155 155 50 150 134 38 111 40 100 30 98% 20 15 13 Dominican Employees 50 10 0 0 Gender Ratio Total Females Local Hired Total Females Local Hired 77% 23% Apprentice Interns 300 267 267 500 458 250 400 200
Slide 21: Our Sustainability Strategy
Our Sustainability Strategy At Barrick, our sustainability strategy is our business plan. Our Principles We resolutely believe that successful modern mining companies must deliver long-term value to all stakeholders, not just shareholders ESG in all business decisions
Slide 22: Communities – Where We Work
Communities – Where We Work 4 provinces Atlantic 9 municipalities Ocean 36 communities – direct influence 41 communities – indirect influence Haiti Components: Mining operations Expansion project Quisqueya power plant / transmission line / substation (energy component) Caribbean Sea To
Slide 23: Community development - Areas of investment
Community development - Areas of investment Institutional strengthening Education Production and Water and natural income diversification resources >700 Preventive health Local content Projects (employment and suppliers) 2008-2022 Community safety Culture and sport US$49Mi Strategic Partnerships inv
Slide 24: Community Engagement and Development
Community Engagement and Development Engagement 2008 to 2023 YTD 708 +16,444 +183,760 People visited Participants for the mine Engagement Activities Education 2008 to 2023 YTD +7,874 64 COMMUNITY 12 Projects delivered Young People Scholarships DEVELOPMENT 10 CDC ii 44 Trainings and meetings trained
Slide 25: Production and income generation project
Production and income generation project Supports local farmers around the mine as well as the livelihood restoration plan for the expansion project Training and optimized growing practices Mapping of plantation and provision of farm productivity plan Installation of nurseries Establishm
Slide 26: Pueblo Viejo’s Partnership with the DR
Pueblo Viejo’s Partnership with the DR 2013 - 2022 Tax Contributions National Exports Direct Jobs (direct + indirect) Purchases US$14.0 B US$3.2 B 2,877 US$3.4 B 24% 30% 18% 98% Exports of National of Total reinvested Dominican Exports Corporate via National Employees of Goods Income Tax Purchases O
Slide 27: Historical Environmental Liabilities
Historical Environmental Liabilities US$75M for remediation of historical environmental liabilities outside development boundary Margajita River
Slide 28: Historical Environmental Liabilities
Historical Environmental Liabilities Mejita Tailings Dam Presence of migratory birds
Slide 29: Environmental Programs
Environmental Programs No Class 1 Biodiversity action plan environmental incidents implementation aligned recorded during 20236 with rescue and relocation of more than ISO 14001 and 1,000 Samana least International gecko Cyanide Management Code certification Greenhouse gas (GHG) maintained r
Slide 30: GHG Reduction Projects
GHG Reduction Projects Conversion to Natural Gas (LNG) Quisqueya I Lime Kilns Quisqueya solar project study underway Quisqueya I has reduced 260kt of CO2 equivalent since 2019 Waste heat boilers/turbines are also used to improve the overall thermal efficiency Lime Kiln has reduced 32 k
Slide 31: Expansion and Resettlement
Expansion and Resettlement PM - May 10, 2023 19
Slide 32: Expansion Requirement
Expansion Requirement In 2019, Pueblo Viejo was facing a diminishing profile due to declining grades and limited tailings storage capacity The operation was facing the following scenario: The end of fresh ore mining in 2021 Processing lower grade ore stockpiles until 2031 Annual production
Slide 33: Expansion Project Scope
Expansion Project Scope Pueblo Viejo developed an expansion project that would: Increase annual tonnage processed Reduce direct operating cost per tonne Increase tailings capacity by more than 500 million m3 for 20+ years of operation Enable processing of lower-grade stockpiles due to the
Slide 34: Expansion Project Current Status
Expansion Project Current Status 93% complete with construction as of March 31, 2023 Commissioning and operations handover of new equipment underway since February 2023 Primary crusher – fully commissioned GEHO pumps – fully commissioned SAG Mill – started commissioning Flash Recycle 450
Slide 35: Crushing, Milling & Limestone
Crushing, Milling & Limestone
Slide 36: Oxygen & Flotation Plants
PUEBLO VIEJO JV Oxygen & Flotation Plants BARRICK a
Slide 37: Pressure Oxidization, Flash Thickening Recycle & Solution Cooling
Pressure Oxidization, Flash Thickening Recycle & Solution Cooling
Slide 38: Iron Precipitation, Lime Storage and CIL
Iron Precipitation, Lime Storage and CIL
Slide 39: PAG Conveyor Project – Overview
PAG Conveyor Project – Overview The objective of the project is to co-deposit PAG waste rock into the tailings storage facility that will be encapsulated by the tailings to prevent acid generation The system will consist of: Crushing Station located near the mine pit Overland Conveyor Spre
Slide 40: Naranjo TSF - Layout & Schedule
Naranjo TSF - Layout & Schedule Milestones & Tasks Date Pre-feasibility report Q4 2022 ESIA Approved Q2 2023 Internal feasibility study complete Q2 2024 Main Dam Construction Start Q4 2024 Reclaim Water & PAG Dam Construction Finish Q2 2025 Main Dam Construction Finish Q2 2027
Slide 41: Pre-Feasibility Study Dam Section
Pre-Feasibility Study Dam Section
Slide 42: Resettlement
Resettlement 6 communities Approx. 1,500 project affected people Participatory process (+ 3,000 meetings) Conveyor: • Formation of Resettlement Working Groups (RWG) • Resettlement Action Plan (RAP) completed Feb 2023 • Implementation of Livelihood Restoration Plan in 2022 • Asset inventory c
Slide 43: Resettlement
Resettlement To expand PV operations, we must move communities from their homes, farms and land Psychosocial Support
Slide 44: Host Land Location & Site
Host Land Location & Site Town
Slide 45: Lay-out
Lay-out Community Buildings Churches Housing Lot
Slide 46: Pueblo Viejo District Exploration
Pueblo Viejo District Exploration The exploration team continues to work on the discovery of high-grade Undifferentiated Quaternary Los Ranchos mineralization that would add value and further extend the LOM Block - Lower Diorites Sandstone and Limestones (Las Lagunas Formation) Key activities in
Slide 47: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. 2. Refer to the Technical Report on