Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Presentation (November 2023)
18 slides from Barrick Mining's investor presentation, November 2023
Slide 1: …a clear strategy focussed on sustained value creation
…a clear strategy focussed on sustained value creation November 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, o
Slide 3: About Barrick…
About Barrick… Our business Barrick is a sector-leading gold and copper producer. Our portfolio spans the world’s most prolific gold and copper districts and is focused on high-margin, long-life assets Our purpose We are building the world’s most valued gold and copper company by owning the best ass
Slide 4: To be world class you have to be global
Barrick To be world class you have to be global operates on 4 13 gold mines and 3 copper mines continents in 18 countries Donlin (50%) CANADA Loulo- Phoenix (61.5%) Gounkoto Fourmile 100% Hemlo 80% Geographical distribution USA 100% Mozproduction PAKISTAN of 2022 gold Pueblo Viejo Reko Diq 50% JAPAN
Slide 5: Our mission… Our DNA
Our mission… To be the world’s most valued gold and copper mining business, by finding, developing and owning the best assets, with the best people, to deliver sustainable returns for our owners and partners Our DNA We value safety and health above all else and we take personal responsibility and ow
Slide 6: Delivering on our commitments since the Merger
Delivering on our commitments since the Mergeri… as at 31 December 2022 6 ~$4B Copper Growing copper exposure supports the transition to clean Tier One Gold Assets1 owned Return to shareholders2 energy and infrastructure and operated by Barrick — the while investing ~$7.5 billion in capital developm
Slide 7: Q3 2023 Group KPIs…
Q3 2023 Q3 gold production higher and costs lower than Q2; increased production from Cortez, Turquoise Ridge and Kibali Stronger Q4 expected with 2023 gold production marginally below the low end of guidance Pueblo Viejo equipment issues impact plant expansion project commissioning and ramp-up Group
Slide 8: Strategic investment filters drive our global business…
Strategic investment filters drive our global business… Applies principally to gold and copper Commodity: Located in a world class geological district We have the right to mine and repatriate profits License to Operate Fits our values in respect of social license, political risk, and environmental c
Slide 9: Investing in a Better Future
Investing in a We conduct our business with Better Future We empower local integrity, transparency and communities fairness ESG has become a mainstream concept but for Barrick it is nothing new — sustainability, socio-economic upliftment and We put biodiversity management have We prioritise local sa
Slide 10: Committed to Shareholder Returns…
Committed to Shareholder Returns… Record cash returns to shareholders in 2022 of $1.6 billion in the form of dividends and share buybacks2022: Record cash returns Shareholder Returns to shareholders of $1.6 billion in the form of dividends and share US$ millions buybacks 1,800 A new $1 billion share
Slide 11: Organic replacement of depleted reserves sets Barrick apart…
Organic replacement of depleted reserves sets Barrick apart… Strategic focus on asset quality and exploration successfully delivers Barrick’s significant and sustained growth in attributable proven and probable mineral reserves since the 2019 Randgold merger 125% of gold depletion (exclusive of dive
Slide 12: 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 13: 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 More than 6 5.5 6.8Moz GEO 5 by 2031 4.5 Approximately 30% growth 4 3.5 by the end of the 3 decade driven by our 2.5 organic project 2 pipeline an
Slide 14: Why invest in Barrick?
In Summary Sustainable through the cycles Why invest Best Asset Base in Barrick? Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in the industry Growing Copper Exposure A3 Well positioned to capitalize on global decarbonization trends driving the long -term Moo
Slide 15: 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 15
Slide 16: 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 17: “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial measures
7. “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial measures. “C1 cash costs” per pound is based on cost of sales but excludes the impact of depreciation and royalties and production taxes and includes treatment and refinement charges. “All-in sustaining costs
Slide 18: 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
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