Barrick Mining Corporation · TSX:ABX
Barrick Mining — SEG 100 Conference – Celebrating a Century of Discovery (September 2021)
18 slides from Barrick Mining's conference presentation, Sep 15, 2021
Slide 1: Golden Past, Precious Future
Golden Past, Precious Future Mark Bristow SEG 100 Conference – Celebrating a Century of Discovery President and CEO September 15th, 2021
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 Barrick’s strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All stateme
Slide 3: Mining is about geology and orebodies…
Mining is about geology and orebodies… Value Adding value with M&A only starts here!!!!! Brownfields exploration - Its about what further we can add to Delivery of value discovery reserves production development Feasibility Feasibilities are about proper testwork and Discovery and correct and realis
Slide 4: Standing on the Shoulders of Giants…
Standing on the Shoulders of Giants… The prime object of the geologist as a scientist is to find the truth. The prime object of the geologist as a practitioner is to find ore. -Waldemar Lindgren
Slide 5: Exploration is not replacing gold produced…
Exploration is not replacing gold produced… Major gold discoveries Moz 180 $12 000 160 $10 000 140 120 $8 000 100 $6 000 80 60 $4 000 40 $2 000 20 0 $0 Oz discovered in major discoveries Gold production (oz) Exploration budgets (US$M) Gold price (USD) Source: S&P Global Market Intelligence, Barrick
Slide 6: Historical Reserve Price / Grade vs Head Grade…
Historical Reserve Price / Grade vs Head Grade… Reserve Design Price vs. Gold Price (2000 – 2020) US$/oz $1 800 In response to the rising gold price, mining $1 600 companies increased their reserve design prices $1 400 (ie lowered cut-off grades) in-step with the change $1 200 $1 000 in the gold pri
Slide 7: The importance of geology in strategic decision making…
The importance of geology in strategic decision making… Mines Feasibility projects Filter MRM Reserve definition Feasibility projects Measured & and reserve and indicated resources resource definition STRATEGIC Filter Inferred resources MATTERS Advanced targets Exploration Follow up targets Filter t
Slide 8: The global goldfields that dominated gold production for much of the last century…
The global goldfields that dominated gold production for much of the last century… Four countries accounted for 70.8% of world gold production Canada - 8.6% 203 million oz United States - 8.9% 211 million oz Total world gold production, Australia - 4.3% 1900-1980 South Africa - 49% 102 million oz 2.
Slide 9: Expansion of the global mining industry at the cost of South African production…
Expansion of the global mining industry at the cost of South African production… Uzbekistan - 2.3% 72 million oz Russia - 5.7% United States - 9.9% Canada - 5.6% 175 million oz 305 million oz 172 million oz China - 9.3% 287 million oz Indonesia - 3.1% Tanzania - 1% 94 million oz Total world 28 milli
Slide 10: World gold production 2020…
World gold production 2020… Uzbekistan - 2.8% 2.9 million oz Russia - 9.4% United States - 5.9% Canada - 5.3% 9.6 million oz 6.1 million oz 5.5 million oz China - 11.9% 12.2 million oz Indonesia - 4% Total world Sudan - 2.7% 4.2 million oz gold 2.7 million oz PNG - 2.2% production, 2.3 million oz Ta
Slide 11: Consolidation of the industry…
Consolidation of the industry… Fragmented industry of the early 90s Top 20 mining companies producing an average of 1.3 million oz p.a. Top 20 Publicly Listed Gold Producers in 1996 7,0 6,01 6,0 1996A Gold Production (Moz) 5,0 4,0 3,1 3,0 2,3 2,0 1,9 2,0 1,7 1,5 1,3 Average: 1.3 Moz 1,0 0,9 0,8 1,0
Slide 12: 2019 / consolidation of the industry…
2019 / 20 consolidation of the industry… Top 20 mining companies producing an average of 1.9 million oz p.a. Top 20 Publicly Listed Gold Producers in 2020 7,0 5,9 6,0 2020A Gold Production (Moz) 5,0 4,8 4,0 3,0 3,0 2,8 2,4 2,2 2,2 1,7 Average: 1.9 Moz 2,0 1,4 1,4 1,3 1,2 1,1 1,0 1,0 1,0 0,9 0,9 0,8
Slide 13: Global gold supply under threat…
Global gold supply under threat… 000 oz 120 000 100 000 80 000 60 000 40 000 20 000 0 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 North America Central & South America Europe CIS Middle East Africa Asia Oceania Source: AME Metals & Mining/
Slide 14: Orebody modelling driving exploration success…
Orebody modelling driving exploration success… Continental Arc Arc-Trench Paleoplacer Au Oceanic Arc Gap Continent Back Arc Spreading Back Arc Spreading Younger accreted terranes Older accreted terranes Oceanic crust Granitoid Subcontinental lithosphere Compressional fault/thrust Asthenosphere Exten
Slide 15: Importance of models…
Importance of models… Top 20 gold deposits by output in 2020, by deposit type (approximate) Lindgren’s seminal model 2 500 000 Clastic sediment hosted Carlin-type Orogenic 2 000 000 HS Epithermal Porphyry 1 500 000 Greenstone Intrusion related 1 000 000 500 000 -
Slide 16: Technology and Research…
Technology and Research… State Library Victoria European Space Agency, 2020
Slide 17: Advances in technology…
Advances in technology… Drilling technology - RC, RAB, wireline
Slide 18: Where to go to find world class gold deposits…
Where to go to find world class gold deposits… Tethyan Metallurgenic Siberian Craton Baltica Belt North American Canadian Arabian Cordillera Shield Nubian Shield Antillean Pacific Arcs Rim Guiana Tanzanian Shield West African and Congo Birimian Cratons South American Yilgarn Craton Cordillera Lachia
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