Slide 1: Pueblo Viejo Mine Tour
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Pueblo Viejo Mine Tour Dominican Republic – February 28, 2013 1 Operations Overview Joe Dick – General Manager 2
Slide 2: Key Safety Performance/Programs
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Key Safety Performance/Programs A project record of 21 million consecutive man hours without a Lost Time Incident Continue Risk Managed Approach Maintain Safety Culture with Transition to Operations Community, Health, Environm
Slide 3: Pueblo Viejo Highlights
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Pueblo Viejo HIGHLIGHTS Large, low operating cost mine 25.0 M oz of reserves(1) 25+ 25 year mine i life lif 0.83-1.08 M oz(2) of production in 2013 at all-in sustaining cash costs of $525-$575/oz(2) and total cash costs of $
Slide 4: Reserve Growth
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Reserve Growth Gold reserves(1) have increased 87% since 2005 As at Dec. 31 2005 2006 2007 2008 2009 2010 2011 2012 Ore Reserves (Mt) 130 170 195 224 252 255 285 275 Au (M oz) 13.4 17.4 20.4 22.4 23.7 23.7 25.3 25.0 Ag (M oz) n/a
Slide 5: Exploration and Infill Drilling
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Exploration(1) Orebody model is essentially open in all directions with high directions, potential for resource expansion along strike and down dip High potential to define higher grade zones within ithi the th currentt pit it l
Slide 6: Open Pit Mining
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Open Pit Mining Open pit – truck/shovel 95K tpd from pits ( l di re-handle (excluding h dl and d quarry) Strip ratio of 0.8:1(1) (1.2:1 life of mine) Grade: 3.12 g/t(1) Cost: $2 $2.60 60 per tonne(1) (1) First full five ye
Slide 7: Limestone Quarries and Open Pit Reserves Orientation
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Limestone Quarries Picture of Quemados Pueblo Viejo from dispatch Las Lagunas overlook or similar Los Quemados 13 Open Pit Reserves Orientation Monte Negro 7.9 Moz Moore 14.5 Moz 14
Slide 8: Sequencing in Montenegro and Moore Pits
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Sequencing in Montenegro Pit 2 A’ Year 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Ph1 Ph2 Ph3 Ph4 Ph5 A Montenegro pit phases – Section AA’ A A’ 3 1 4 5 15 Sequencing in Moore Pit A Year 12 13 14 15 16 17 18 19 20 21 22 2
Slide 9: Processing: Pressure Oxidation
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Processing PRESSURE OXIDATION 24K nominal tonnes per day throughput Avg. grades: Au 4.70 g/t, Ag 28.83 g/t, Cu 0.20%(1) Average A Au A recovery: 93.5% 93 5%(1) Cost: $50 per tonne(1) (1) First full five year average. 17
Slide 10: Process Overview and Oxygen Plant
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Process Overview 19 Processing OXYGEN PLANT 4000 tpd plant with 99.5% O2 purity T1 commissioned i i d in i July J l and T2 in August 2012 20
Slide 11: Processing: Lime Kilns and Autoclave Vessels
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Processing LIME KILNS Commission Schedule Kiln 3 July 2012 Kiln 2 October 2012 Kiln 1 December 2012 21 Processing AUTOCLAVE VESSELS PV autoclaves have 2.75 times the processing volume as a Goldstrike autoclave The PV sulfu
Slide 12: Processing: Autoclave Vessels
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Processing AUTOCLAVE VESSELS Largest lead lined autoclaves in the world Global experience incorporated – Tantulum spargers – Ti compartment walls – In-line Geho strainers – AC stock tanks – Dual feed Geho systems – Best practice
Slide 13: Ramp-up Progress and Power
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Processing RAMP-UP PROGRESS First autoclave (150) started up end of July 2012, second (250) and third (350) in August 2012 and the fourth ((450)) in December 2012 Autoclave 450 modifications were initiated and completed during D
Slide 14: Quisqueya Power Plant and Tailings Facilities
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Quisqueya Power Plant 230 MW Dual Fuel Power Plant 27 Tailings Facilities El Llagal Facility – 450 million m3 storage capacity consists of 2 Main Dams and 4 smaller “Saddle Dams” • Lower Dam 143m high (ultimate elevation of 158m) •
Slide 15: Tailings Facilities and Pueblo Viejo Value Added
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Tailings Facilities Priority Construction for 2013 • Saddle Dam #1 • LL Phase 2 (200m elevation) • UL Foundation 29 Pueblo Viejo VALUE ADDED 2005 2012 13.4 M oz of reserves 25.0 M oz of reserves Modest economics Robust R b t
Slide 16: Corporate Responsibility
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Corporate Responsibility Faby Manzano Corporate Responsibility Manager 31 Corporate Responsibility Framework 32
Slide 17: Corporate Responsibility Goals
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Corporate Responsibility Goals Build social trust that allows the successful construction, operation and closure of Pueblo Viejo Ensure respect respect, safety and sustainable development for the communities near the project B
Slide 18: Social Management Action Plans
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Social Management Action Plans CR is directly responsible for: Public consultation and disclosure – Stakeholders St k h ld engagementt – Grievance mechanism Community development Social monitoring program CR supports other dep
Slide 19: Stakeholder Engagement and Grievance Mechanism
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Stakeholder Engagement Community census, stakeholder mapping/characterization Formal and informal meetings Focus groups Visits to the communities/community visits to the information offices and to the mine Participatory mo
Slide 20: Social Monitoring Program and Community Development
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Social Monitoring Program Monitor social activities and their effectiveness Monitor grievances (follow up and solutions) Metrics include 68 quantitative + qualitative indicators Social Monitoring Officers in place Reportin
Slide 21: Social Investment in 2012
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Social Investment in 2012 US$3,792,125 41 Acknowledgements AMCHAMDR – Better Practices in Social Responsibility (Local Sustainable Development program) Global Gl b l Compact C t – Implementation I l t ti off th the 10 P Principl
Slide 22: Public Consultation Meetings
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Public Consultation 43 Meetings 44
Slide 23: Community Visits to the Mine
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Community Visits to the Mine 45 Local Sustainable Development 46
Slide 24: Training Local Authorities and Education
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Training Local Authorities (Law 340-06) 47 Education 48
Slide 25: Community Health & Safety Training
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Community Health & Safety Training 49 Health Campaigns 50
Slide 26: Local Employment Focus
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Local Employment Focus 51 Production and Microenterprises 52
Slide 27: Infrastructure Improvements, Sport and Culture
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Infrastructure Improvements 53 Sport and Culture 54
Slide 28: Environmental Stewardship
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Environmental Stewardship Carlos Tamayo - Environmental Manager 55 Environmental Framework g Legal International Voluntary Commitments Guidelines Commitments SLA Corporate IFC Standards ESIA Cyanide ISO 14001 Permits Code 56
Slide 29: Environmental Remediation
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Environmental Remediation Former 25 year operation by Rosario Dominicana used poor mining practices Resulted in acid drainage contamination of nearby land and streams Remediation of historical contamination is the responsibili
Slide 30: Biodiversity Program and Concurrent Reclamation
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Biodiversity Program Complies with DR laws and regulations and International Finance Corporation guidelines PVDC investigation resulted in a new classification of the list of endangered amphibians byy the International Union for
Slide 31: Participatory Monitoring and Summary
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Participatory Monitoring Quarterly water and air monitoring is being performed with community members and local authorities to build a strong relationship with our neighbors 61 Summary Initial construction of PV is complete Op
Slide 32: Footnotes
BARRICK GOLD CORPORATION Pueblo Viejo Mine Tour – February 28, 2013 Footnotes 1. All-in sustaining cash costs per ounce and gold total cash costs per ounce are non-GAAP financial measures. See pages 60- 67 of Barrick’s Year-End 2012 Report for all non-GAAP measures. 2. All references to cash costs a