Barrick Mining Corporation · TSX:ABX
Barrick Mining — Gold Forum Americas 2023
16 slides from Barrick Mining's conference presentation, Sep 19, 2023
Slide 1: Strategically Driven… recognising & realising value
STRATEGICALLY DRIVEN… recognising & realising value Gold Forum Americas, Denver, September 2023
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: Sustainably profitable
Sustainably January 2019 Barrick / Randgold Merger profitable Nevada Gold Mines JV Recognising and Realising Value Copper Strategy Strategically driven Tanzanian mine recovery Sale of Non-Core assets & LTO Lumwana – exploration Leaders in Sustainability extends LOM to 2060s Pueblo Viejo – LOM Replac
Slide 4: About Barrick…
Africa Geographical 37% North America About Barrick… distribution of 2022 58% gold production (Moz) South (including America Dominican Republic) 5% Our business To be world class, you have to be global 13 gold mines and 3 copper mines Barrick is a sector-leading gold and copper producer. Our portfol
Slide 5: Top global gold mines…
Top global gold mines… Barrick is the largest gold producer in Africa and in the United States and operates six of the top ten gold mines in the world Production - Koz Gold 3,054 3,028 3,500 3,000 2,500 2,000 1,052 1,500 798 750 733 713 1,000 687 684 659 599 577 574 566 561 539 539 532 521 486 500 -
Slide 6: Top global copper mines…
Top global copper mines… Once fully ramped up, Reko Diq and Lumwana will rank amongst the world's largest copper assets Production - Kt Copper 1,200 935 1,000 729 800 600 507 485 422 419 400 386 384 351 327 324 322 320 312 400 266 261 250 240 237 227 211 200 - * * Source: S&P Global *Indicative copp
Slide 7: 10-Year Gold and Copper
10-YEAR GOLD and COPPER Base case GEO production outlook with Porgera, Reko Diq and Lumwana Superpit i Moz Gold Copper Porgera Reko Diq and Lumwana Superpit 7.0 6.5 6.0 5.5 5.0 4.5 4.0 3.5 3.0 2.5 2.0 1.5 1.0 0.5 0.0 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 i Refer to Appendix A. Scenario a
Slide 8: Leverage to copper…
Leverage to copper… Cumulative attributable free cash flow2 from operating mines, after capexi $ Bn Incremental free cash flow with copper at $7.00/lb starting 2024 55 Incremental free cash flow with copper at $6.00/lb starting 2024 50 Incremental free cash flow with copper at $5.00/lb starting 2024
Slide 9: Strategic investment filters drive our global business…
Strategic investment filters drive our global business… Commodity Applies principally to gold and copper We have the right to mine and repatriate profits Licence to Fits our values in respect of social license, political risk and environmental compliance Operate Enhances our strategic partnering net
Slide 10: Best assets supported by world class discovery potential around our operations and further afield
Best assets supported by world class discovery Mines potential around our operations and further afield within our extensive regional portfolio… Reserve definition 37 6 5 Feasibility projects and Measured & Indicated reserve & resource Resources 4 13 5 definition Inferred Resources 6 12 3 Generative
Slide 11: Organic replacement of reserves sets us apart…
Organic replacement of reserves sets us apart… Strategic focus on asset quality and exploration successfully delivers Barrick’s significant and sustained growth in attributable proven and probable mineral reserves after depletion 125% of mining depletion (exclusive of divestments and acquisitions) r
Slide 12: Building for the Future…
Building for the Future… Gold Equivalent production outlook with Reko Diq and Lumwana Super Piti GEO Moz Gold Copper Reko Diq and Lumwana Super Pit 7 6.5 6 More than 5.5 6.8Moz GEO 5 by 2031 4.5 4 Approximately 3.5 3 30% growth 2.5 by the end of the 2 decade driven by our 1.5 organic project pipelin
Slide 13: In Summary: Unrivalled Growth
Unrivalled In Summary Sustainably profitable through the cycles Growth Best Asset Base Diversified global portfolio with the greatest number of Tier One and world class gold and A3 copper assets that is unmatched in the industry Growing Copper Exposure Moody’s Credit Rating – highest in the gold min
Slide 14: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us 14
Slide 15: Technical Information Endnotes
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Craig Fiddes, SME-RM, Lead, Resource Modeling, Nevada Gold Mines; Chad Yuhasz, P.Geo, Mineral Resource Manager, Latin America & Asia Pacific; Richard Peattie, MPhil, FAusIM
Slide 16: Appendix A – Outlook
Appendix A – Outlook Key assumptions i 2023 2024 2025+ Gold Price ($/oz) 1,900 1,300 1,300 Copper Price ($/lb) 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 90 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 230 230 230 CAD Exchange Rate (USD:CAD) 1.30 1.30 1.30 CLP Exchange