Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Investor Day (September 2011)

33 slides from Barrick Mining's investor day presentation, Sep 7, 2011

  1. Slide 1: South America Regional Business Unit

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 South America Regional Business Unit Investor Day – September 7, 2011 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans or f

  2. Slide 2: Low operating cost, long life mines and projects

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 South America Igor Gonzales, Regional President “Low operating cost, long life mines and projects” 3 South America OVERVIEW OF ASSETS ƒ Four operating mines ƒ Four development projects (1 in construction, 1 in permitting, 2 in i pre-feasibili

  3. Slide 3: South America Business Strategy

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 South America BUSINESS STRATEGY Focus on adding value… ƒ Meet operational and financial targets to maximize benefits of rising i ing metal met l prices pi e ƒ Increase gold and copper reserves through exploration and selective acquisitions ƒ

  4. Slide 4: Track Record of Extracting Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Track Record of Extracting Value ƒ Veladero was expanded to a 1.1 M oz producer in 2010, 0.95 – 1.0 M oz in 2011 ƒ Lagunas Norte – consistently outperformed feasibility expectations from start-up to date ƒ Pierina – extending the mine life in

  5. Slide 5: Asset Size & Quality

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Asset Size & Quality The South America Region is the 8th largest and one of the lowest cost gold producers in the world ƒ 0.95 M oz of gold production in H1 2011 – total cash costs of $358/oz(1) ƒ $1.31 billion of EBITDA in H1 2011(1) ƒ $1,09

  6. Slide 6: Pierina Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pierina PERU 11 Pierina OVERVIEW ƒ Consistently outperformed expectations ƒ Mine life extended into 2018 – 2010 AuA reserves: 0.79 0 79 M oz(1) – 2010 Au M&I resources: 0.27 M oz(1) – 2010 Au inferred resources: 0.06 M oz(1) – Production to d

  7. Slide 7: Pierina Mining

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pierina MINING ƒ Conventional open pit operation with 30 M tpy mined and 13 M tpy of ore processed ƒ Orebody: high sulfidation deposit hosted in volcanic material ƒ Equipment: 4 loaders, 23 trucks, 3 drills and support equipment ƒ 2010 reserv

  8. Slide 8: Pierina Adding Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pierina ADDING VALUE Production – Actual vs Feasibility (000 oz) 1,000 Initial reserve of 6.5 M oz in 1996, 7.7 M oz produced to date 10,000 Average cash cost to June 30/11: $132/oz(1) 900 9,000 800 8,000 700 7,000 +39% Cummulative K oz 600 6

  9. Slide 9: Lagunas Norte Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Lagunas Norte OVERVIEW ƒ Low cost operation ƒ Consistently outperformed feasibility expectations from start-up to date ƒ Strong record of reserve replacement – 2004 Au reserves: 9.1 M oz – 2010 Au reserves: 6.6 M oz(1) – 2010 Au M&I resources

  10. Slide 10: Lagunas Norte Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Lagunas Norte PROCESSING ƒ Crush/Heap Leach/Merrill Crowe/Refinery ƒ Crushed ore is conveyed and truck hauled to the leach pad ƒ Gold and silver values are recovered from process solution by zinc precipitation ƒ Life-of-mine average recovery:

  11. Slide 11: Lagunas Norte Adding Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Lagunas Norte ADDING VALUE Lagunas Norte Sulfides ƒ Opportunity: potential to process carbonaceous/sulfide ore and increase life of mine epproduction oduct o with t tthee add addition to o of 50 – 65 million o tonnes to es at a g grade ade o

  12. Slide 12: Veladero Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Veladero ARGENTINA Pascua Lama Veladero ¨Process Plant Truckshop & Site Admin offices Amarillos Camp 23 Veladero OVERVIEW ƒ ~1 million ounce producer in 2011 with significant reserves – 2010 Au reserves: 11.3 M oz(1) – 2010 Au M&I resources:

  13. Slide 13: Veladero Mining

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Veladero MINING ƒ Conventional open-pit operation with 98 M tpy mined and 30 M tpy of ore processed ƒ Orebody: Hypogene-oxidized, Hypogene-oxidized high sulfidation gold-silver deposit ƒ Equipment: 5 hydraulic shovels, 42 haul trucks, 9 drill

  14. Slide 14: Veladero Adding Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Veladero ADDING VALUE Production – Actual vs Feasibility (000 oz) 1,200 4,500 Exceeded feasibility expectations in last 3 years Experience and synergies to be applied to Pascua-Lama +15% 1,000 3,750 800 3,000 Cummulative K oz K oz 600 2,250 4

  15. Slide 15: Veladero Exploration

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Veladero EXPLORATION(1) ƒ Potential mineralization in Cerro Colorado ƒ Other opportunities: – Agostina Sur extension – Fabiana Norte – Chispas – Cañito – Cerro Pelado (1) See final slide #4 29 Zaldivar CHILE 30

  16. Slide 16: Zaldivar Copper Overview

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Zaldivar Copper OVERVIEW ƒ +$3 B of free cash flow since 2006 Placer Dome acquisition available to reinvest in gold business ƒ Significant remaining mine life – 2010 Cu reserves: 6.5 B lbs(1) – 2010 Cu M&I resources: 1.3 B lbs(1) – 2010 Cu in

  17. Slide 17: Zaldivar Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Zaldivar PROCESSING ƒ Crush/Heap Leach/Solvent Extraction/Electrowinning – ore is crushed to -11.5 mm and conveyed to the leach pad – low grade g ROM is truck hauled to dump p leaching g – acid soluble copper from leaching is recovered with S

  18. Slide 18: Zaldivar Adding Value

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Focus on Continuous Improvement ƒ Improved recovery in all leach pad operations based on Continuous Improvement initiatives – heap leach air injection – leaching irrigation optimization ƒ Crusher throughput increase at Pierina and Lagunas Nor

  19. Slide 19: Pascua-Lama Chile-Argentina

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pascua‐Lama CHILE‐ARGENTINA 37 Pascua‐Lama CHILE‐ARGENTINA 38 38

  20. Slide 20: Pascua-Lama Mining

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pascua‐Lama MINING ƒ Open pit operation with non-refractory and refractory ore ƒ Pre-stripping targeted to start in Q4 2011 ƒ Total ore processed during LOM 385 Mt ƒ Equipment: 71 units including 5 shovels, 3 loaders, 30 trucks and support eq

  21. Slide 21: Pascua-Lama Status Update

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pascua‐Lama STATUS UPDATE ƒ First production expected in mid-2013 ƒ $4.7-$5.0 billion pre-production capital budget(1) – ~40% off capital committed ƒ Engineering design ~90% complete ƒ Earthworks more than 80% complete ƒ Total steel foundatio

  22. Slide 22: Pascua-Lama Cash Flow Potential

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pascua‐Lama CASH FLOW POTENTIAL EBITDA ƒ Since the construction US$B ~1.9 decision in May 2009, the average annual EBITDA estimate for Pascua Pascua- 171% Lama has increased about 170% to ~$1.9 B(1) from ~$700 M(2) ƒ Investment to EBITDA rati

  23. Slide 23: Amarillos Camp (Lama)

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Amarillos Camp (Lama) 45 Primary Crusher (Pascua) 46

  24. Slide 24: Equipment Assembly

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Equipment Assembly 47 Pond #2 Water Management 48

  25. Slide 25: Cut Off Wall – Water Management

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cut Off Wall – Water Management 49 ARD Plant – Water Treatment 50

  26. Slide 26: Process Plant

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Process Plant 51 Process Plant – Ore Bin 52

  27. Slide 27: Process Plant – Mill Building

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Process Plant – Mill Building 53 Process Plant – Mill Building 54

  28. Slide 28: Tunnel (Lama)

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Tunnel (Lama) 55 Cerro Casale CHILE 56

  29. Slide 29: Cerro Casale (75%) Highlights

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cerro Casale (75%) HIGHLIGHTS  Large, low operating cost Au-Cu project  Feasibilityy studyy envisions 750-825 K oz Au p per year y to Barrick’s account at total cash costs of $125-$175/oz Au(1) – a $0.25/lb increase in copper price would re

  30. Slide 30: Cerro Casale Next Steps

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cerro Casale NEXT STEPS Permitting and Engineering ƒ ESIA submitted July 2011 – ~18 month permitting period anticipated ƒ Basic engineering essentially completed ƒ Exploration programs being carried out in parallel with permitting activities

  31. Slide 31: Cerro Casale Processing

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cerro Casale PROCESSING Key Processing Statistics Major Equipment Crushers 2 primary and 8 secondary crushers Plant Life 8 years (Valley Leach ) HPGRs 6 HPGR machines 18 years (1.0Bt) Ball Mills 6 26´ x 44´ mills with 18 MW motors Flotation 6

  32. Slide 32: Corporate Social Responsibility

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Corporate Social Responsibility Argentina Chile Peru • Women´s Health program • Atacama Commitment: • Productive Highlands – 1,600 women benefited • Multi-stakeholder program – 210 families anti-poverty alliance benefited • Oral Health progra

  33. Slide 33: Footnotes

    BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Footnotes 1. EBITDA, total cash costs per ounce (by-product and co-product basis), total cash margin per ounce, total cash costs per pound are non-GAAP financial measures. See pages 54-60 of Barrick’s Second Quarter 2011 Report. 2. All refere

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