Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Bank of America Merrill Lynch Canada Mining Conference 2016
10 slides from Barrick Mining's conference presentation, Sep 8, 2016
Slide 1: Progressing against targets
Barrick Gold Corporation Progressing against targets BAML Conference Toronto | September 2016 1
Slide 2: Cautionary Statement on Forward-Looking Information
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained 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 histo
Slide 3: Focusing on the Best Assets and Regions
Focusing on the Best Assets and Regions Focus on core mines in the Americas Lowest cost senior gold producer Targeting AISC1 <$700/oz by 2019 NEVADA Golden Hemlo Largest Reserve base with superior grade Goldstrike Sunlight Cortez – 91.9M oz at 1.32 g/t and 2.2B tonnes2 Turquoise Ridge Aver
Slide 4: 2016 Priorities
2016 Priorities Free Generate free cash flow at a gold price of $ Cash Flow $1,000 per ounce Balance Reduce total debt by a further $2 billion Sheet Operational Implement Best-in-Class program across Excellence all operations $ Capital Allocate capital using long term gold price Discipline of $1,200
Slide 5: Progressing Against Targets
Progressing Against Targets1 Operating cash flow2 of $978 M and free cash flow3 of $455 M $ Free cash flow breakeven4 <$1,020/oz in Q2 Repaid $968 M of $2 B debt reduction target Initiated redemption of $272.5M of 6.80% notes due 2018 Liquidity improved - only $150 M5 of debt due before 20
Slide 6: Disciplined Capital Allocation Facilitates Growth
Disciplined Capital Allocation Facilitates Growth Minex Orebody additions and extensions Reduce Globalex Greenfields discoveries, e.g. Goldrush, Alturas Debt Brownfields Invest Turquoise Ridge Expansion, Lagunas Sulfides, Cortez Deep South In Development Growth New Mines Goldrush, Alturas, Pascua-La
Slide 7: Barrick Today
Barrick Today Pe Completed decentralized and streamlined organization structure Improved and strengthening balance sheet with strong liquidity Applying rigorous analysis to capital allocation Top tier assets with the largest gold reserves and superior grade Strong growth options within our portfolio
Slide 8: Technical Information and Endnotes
TECHNICAL INFORMATION The following qualified persons, as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed and approved the relevant scientific and technical information contained in this presentation: Rick Sims, Registered Member SME,
Slide 9: Estimated as of December 31, 2015, in accordance with National Instrument 43-101 as required
1 Other sales Revenues include the sale of by-products for our gold and copper mines for the three months ended June 30, 2016, of $32 million (2015: $33 million) and the six months ended June 30, 2016 of $60 million (2015: $74 million); energy sales from the Monte Rio power plant at our Pueblo Viejo
Slide 10: Endnotes: Breakeven price definition
5. Breakeven price is the gold price required such that all reported free cash flow on a 100% basis, after the payment of cash tax and interest, is zero. The breakeven gold price does not take dividends paid, cash flows from financing activities, asset sales and stream proceeds or the funding of non
Barrick Gold — Bank of America Merrill Lynch Canada Mining Conference 2016 on 6ix