Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Denver Gold Forum 2016
11 slides from Barrick Mining's conference presentation, Sep 20, 2016
Slide 1: Progressing against targets
Barrick Gold Corporation Progressing against targets Denver Gold Forum | September 20, 2016
Slide 2: Cautionary Statement on Forward-Looking Information
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward- looking statements”. All statements, other than statements of hist
Slide 3: Focusing on the Best Assets and Regions
Focusing on the Best Assets and Regions Focus on core mines in the Americas Lowest cost senior gold producer Targeting AISC1 <$700/oz by 2019 Largest Reserve base with superior grade Hemlo Golden Sunlight – 91.9M oz at 1.32 g/t and 2.2 Bt2 Average 16 year mine life for past 20+ years NEVAD
Slide 4: 2016 Priorities
2016 Priorities Free Generate free cash flow at a gold $ Cash Flow price of $1,000 per ounce Balance Reduce total debt by a further Sheet $2 billion Operational Implement Best-in-Class program Excellence across all operations $ Capital Allocate capital using long term Discipline gold price of $1,200
Slide 5: Progressing Against Targets
Progressing Against Targets1 H1’16 Operating cash flow2 of $978 M and free cash $ flow3 of $455 M Free cash flow breakeven4 <$1,020/oz in Q2 $968 M of $2 B debt reduction target reached Initiated redemption of $272.5M of 6.80% notes due 2018 Liquidity improved - only $150 M5 of debt due be
Slide 6: Disciplined Capital Allocation Facilitates Growth
Disciplined Capital Allocation Facilitates Growth Minex Orebody additions and extensions Reduce Globalex Greenfields discoveries, e.g. Goldrush, Alturas Debt Brownfields Invest Turquoise Ridge Expansion, Lagunas Sulfides, Cortez Deep S. In Development Growth New Mines Goldrush, Alturas, Pascua-Lama,
Slide 7: Barrick's Digital Reinvention
Barrick’s Digital Reinvention Partnership with Cisco to achieve digital reinvention of Barrick – combining technology, real time data and expertise to unleash the full potential of mining Digitization will make our business better, faster and safer while growing our free cash flow and achieving
Slide 8: Barrick Today
we Barrick To day BARRICK Completed decentralized and streamlined organization structure Improved and strengthening balance sheet with strong liquidity Applying rigorous analysis to capital allocation Top tier assets with the largest gold reserves and superior grade Strong growth options within our
Slide 9: Technical Information and Endnotes
TECHNICAL INFORMATION The following qualified persons, as that term is defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects, have reviewed and approved the relevant scientific and technical information contained in this presentation: Rick Sims, Registered Member SME,
Slide 10: Estimated as of December 31, 2015, in accordance with National Instrument 43-101
1 Other sales Revenues include the sale of by-products for our gold and copper mines for the three months ended June 30, 2016, of $32 million (2015: $33 million) and the six months ended June 30, 2016 of $60 million (2015: $74 million); energy sales from the Monte Rio power plant at our Pueblo Viejo
Slide 11: Endnotes: Breakeven price
5. Breakeven price is the gold price required such that all reported free cash flow on a 100% basis, after the payment of cash tax and interest, is zero. The breakeven gold price does not take dividends paid, cash flows from financing activities, asset sales and stream proceeds or the funding of non