Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Presentation (February 2023)
18 slides from Barrick Mining's investor presentation, February 2023
Slide 1: …a clear strategy focussed on sustained value creation
…a clear strategy focussed on sustained value creation February 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: Delivering on our commitments since the Merger
Delivering on our commitments since the Mergeri… 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 development most in the world —
Slide 5: By the numbers…
By the numbers… 2022: 4.1MOZ 440Mlbs $30Bln Gold production in 2022. Copper production in 2022. Barrick’s market capi. The Largest global gold producer Integral to our business second highest of any gold — operations under strategy. miner. management. $1.6Bln $3.48Bln $432M Record returns to Operati
Slide 6: Unlocking value in our global portfolio...
Unlocking value in our global portfolio... Quality assets Consistent reserve replacement and resource growth has allowed Barrick to underpin each operation and project with a fully planned 10+ year production profile Free cash flow A transparent and long-term production profile that generates robust
Slide 7: To be world class you have to be global
To be world class you have to be global Barrick operates on 4 continents in 19 countries Donlin (50%) CANADA Loulo- NGM (61.5%) Golden Sunlight Gounkoto Turquoise Ridge Phoenix (61.5%) 80% Geographical distribution Carlin USA Hemlo 100% Mozproduction of 2022 gold Cortez incl Goldrush DOMINICAN Puebl
Slide 8: Barrick…growth projects support long term sustainability
Barrick…growth projects support long term sustainability North America Mali - Senegal Exploring new frontiers 26km strike of high for gold and copper prospectivity along Bambadji Main Shear Zone Reko Diq Nevada Gold Mines One of the world’s largest Dorothy – new discovery along Copper / Gold project
Slide 9: Building for the Future…
Building for the Future… 10-YEAR GOLD and COPPER - base case production outlook with Reko Diq and Lumwana Super Pit (gold equivalent koz) 7,000 North America LATAM and AP Africa and Middle East Reko Diq and Lumwana Super Pit 6,500 6,000 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500
Slide 10: Barrick and Gold as an Investment
A Proven Barrick and Gold Asset as an Investment # 1 Gold remains a reliable store of wealth and can act as a hedge against inflationary and geopolitical pressures Barrick is the largest gold producer in the United States It’s a currency that you can’t create, and politicians can’t print. In times 6
Slide 11: Barrick and Copper as an Investment
Copper… Increasingly Barrick and Copper in demand as an Investment #1 Copper is one of the most strategic metals, yet it is quite scarce and difficult to mine One of the largest undeveloped copper-gold projects, Reko Diq, will Among other uses, copper is needed in the healthcare sector to fight sign
Slide 12: Investing in the Next Generation of Leadership
Investing in the Next Generation of Leadership >40 We partner with local communities to develop talent Decades of experience among Barrick executives have deep knowledge and experience in the mining our executive leadership team industry and use this expertise to cultivate the next generation of tal
Slide 13: Committed to Shareholder Returns
Committed to Shareholder Returns Record cash returns to shareholders in 2022 of $1.6 billion in the form of dividends and share buybacks Returns to Shareholders ($m) $1,600 A new $1 billion share buyback program announced for the next 12 monthsi $1,400 In addition to our quarterly base dividendii, a
Slide 14: Investing in a Better Future
Investing in a We conduct our business with Better Future We empower local integrity, transparency and communities fairness ESG has become a mainstream concept but for Barrick it is nothing new — sustainability, socio-economic upliftment and We put biodiversity management have We prioritise local sa
Slide 15: Why invest in Barrick?
In Summary Best Asset Base Why invest Largest portfolio of Tier One and world-class gold and copper assets that is unmatched in Barrick? in the industry Growing Copper Exposure Well positioned to capitalize on global decarbonization trends driving the long-term fundamental strength in copper Sustain
Slide 16: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us 16
Slide 17: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. A Strategic Asset is an asset which
Slide 18: Appendix A - Outlook
Appendix A - Outlook Key assumptions 2023 2024 2025+ Gold Price ($/oz) 1,650 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) 170 170 170 CAD Exchange Rate (USD:CAD) 1.30 1.