Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Denver Gold Forum 2008
12 slides from Barrick Mining's conference presentation, Sep 10, 2008
Slide 1: Strategy Investment Execution Results
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Strategy Investment Execution Results Denver Gold Forum – September 10, 2008 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained or incorporated by reference in this presentation and related material, inclu
Slide 2: Second Quarter Highlights
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Second Quarter Highlights Cash margins up 68% to $477 per ounce Net income rises 22% to $485 M ($0.56 per share) $1B in earnings in first 6 months Significant progress on project pipeline: – Buzwagi, Cortez: on schedule, trackin
Slide 3: Margin Expansion
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Margin Expansion Total Cash Costs(1) vs Gold Prices Assumed Average US dollars per ounce ~850(3) Realized Price 619 405- Margin 425(2) 541 439 274 392 366 262 425- Total Cash Cost 214 445(2) 179 180 345 279 212 225 187 03 04 05 06 07 08
Slide 4: Geopolitical Profile
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Geopolitical Profile 2007 P&P Reserves(2) North America North America 2008E Production(1) 36% Africa North America South 15% 40% Other America 1% Australia 32% Pacific Africa 7% 17% South America 27% Australia Africa Pacific 25% South A
Slide 5: Advanced Projects Contribution
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Advanced Projects Contribution 1.75 3.5 year Pueblo construction 1.50 Viejo period 1.25 ~1.9 1.00 Moz production Cortez Production(2) 0.75 Hills 15 months ~$300 from ROD per ounce (1)(2)(3) 0.50 0.25 Buzwagi Production 0.00 mid-2009 (1)
Slide 6: Cortez Hills Project Update
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Cortez Hills Project Update On schedule and tracking budget Capex: $480-500 M(1) – +50% committed or spent Record of Decision expected before year-end 1 Moz/yr(2,4) producer Cash costs: ~$300/oz(2,3,4,5) (1) Pre-production (2)
Slide 7: Pueblo Viejo Project Update
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Pueblo Viejo Project Update Capex: ~$2.7 B(1) Accelerated procurement plan underway Most long lead time items secured Approx 1/3 of funds committed or subject to firm pricing (1) Pre-production, followed by $0.3 B to complete phas
Slide 8: Additional Projects Contribution
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Additional Projects Contribution What’s still to come: long-life projects with significant gold mineral resources M&I Moz Resources(1) P&P 25 Reserves(1) 22.2 Inferred 20 18.0 Pascua-Lama Resources(1) Reko Diq 15 Pascua- 12.8 10 Lama
Slide 9: Focused Exploration
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Focused Exploration (1) Donlin Creek Goldstrike Hemlo & Cortez Reko Diq Pueblo Viejo Porgera Cerro Casale Golden Mile & Pascua-Lama +20Moz Supergiant Barrick Deposits (1) Refer to final slide point #4 Turquoise Ridge, Nevada Q4 extensio
Slide 10: Turquoise Ridge, Nevada
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Turquoise Ridge, Nevada A 3370 exploration drift (Drill Station 3 looking NW) A1 Planned Upper B1 HGB Exploration North Pillow Basalt Drift 3400' B A1 0.64 88' GRADE Dacite 0.56 opt Au Dyke 0.37 0.81 40' 60' feet 60' 3200' 1.51 0.62 Je
Slide 11: Kainantu, Papua New Guinea
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Kainantu, Papua New Guinea SE NW Kora 1800 BKD BKD001 001 BKD BKD BKD002 002 Irumafimpa 003 1400 BKD003 1300 Portal 1000 Gold equivalent X meters (true width) >75gm Proposed 2008 holes 50 - 75gm Existing holes To 840RL Portal 25 - 50gm
Slide 12: Barrick Gold Corporation Footnotes
BARRICK GOLD CORPORATION Denver Gold Forum - September 10, 2008 Barrick Gold Corporation Deep project pipeline Operating and mine building expertise Strong financial position Gold price leverage – right now and in the future – largest production base – largest reserve base on prolific trends