Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Corporate Update (October 2019)
29 slides from Barrick Mining's corporate update, Oct 28, 2019
Slide 1: Mali…two decades of value creation
Mali Mali…two decades of value creation 1
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 Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward- looking statements”. All statements, other than statements of histori
Slide 3: The leading African gold miner…
The leading African gold miner… Jabal Sayid (50%) Loulo-Gounkoto (80%) Morila (40%) Massawa (83.25%) Kibali (45%) Tongon (89.7%) North Marai Lumwana Bulyanhului Buzwagii Gold production Projects Acacia Copper production iOperating results will be included at 100% from October 1, 2019 up until the Go
Slide 4: West Africa…two decades of delivery
West Africa…two decades of delivery 2012 2013 2014 2015 2016 2017 Record production Loulo Complex Production +1.2Moz +1.25Moz Gounkoto Morila mine life record exceeds 1Moz group group super pit extended production LTIFR down 18% production production starts 2011 2019 Randgold – Barrick Gounkoto merg
Slide 5: Mali Gold Production…
Mali Gold Production… Ounces 000 2000 Somifi - SA Finkolo 1800 Somika - SA Endeavour 1600 AngloGold Ashanti Yatela - SA 1400 Faboula Gold - SA Wassalou Nampala - SA Robex 1200 Metedia - SARL Metedia 1000 Morila - SA1 Barrick 800 Komana - SA Hummingbird 600 Semico - SA BCM Semos - SA AngloGold Ashant
Slide 6: Loulo-Gounkoto … what we found and what we’ve established
Loulo-Gounkoto … what we found and what we’ve established
Slide 7: Loulo-Gounkoto … what we found and what we’ve established
Loulo-Gounkoto … what we found and what we’ve established
Slide 8: Loulo-Gounkoto … what we found and what we’ve established
Loulo-Gounkoto … what we found and what we’ve established
Slide 9: Communities today…
Communities today... BARRICK
Slide 10: Safety, health and environment…Mali
Safety, health and environment…Mali YTD Q3 LTIFR/Million Hours Worked Safety 2 LTIFRi decreased by 52% in 2019 compared to 2018 1,5 Mines migrated from OHSAS 18001 to ISO 45001:2018 Safety Management System 1 Proactive management of health and safety risks under the guidance 0,5 of a strong safety l
Slide 11: Safety, health and environment…Mali
Safety, health and environment…Mali YTD Q3 HIV Positivity Rate % 2 HIV 1,5 NGO engaged to work in the surrounding villages 1 HIV/AIDS programme continues with intensified outreach awareness and voluntary counselling and testing (VCT) of 0,5 employees and local communities 0 Preventative action inclu
Slide 12: 2019…progress towards delivering on business plan
2019…progress towards delivering on business plan Gold production on track to meet 2019 guidance of 690 000oz Loulo/Gounkoto and Morila contribute more than 40% of the country’s total gold production Completed stress analysis work on Yalea - stopes rescheduled and redesigned to deliver budget Projec
Slide 13: Loulo UG development and mining…
Loulo UG development and mining… UG ore tonnes Q3 20191 400 Ore tonnes - Development Record ore tonnes production in a quarter of 727Kt Ore tonnes - Stoping achieved1 350 300 Overall mining compliance improved to mid 88% Tonnes ‘000s 250 Successfully remote operated a loader from surface 200 increas
Slide 14: Gounkoto standalone…
Gounkoto standalone… Ore tonnes Q3 20191 357Kt ore mined 1 in Q3 Ore tonnes mined Successful in pit dewatering plan and surface water management 160 000 system in progress to keep working areas dry during the rainy season 120 000 Excavator & truck availabilities was maintained above 80% 80 000 Waste
Slide 15: Production, recovery and throughput…
Production, recovery and throughput1… Tonnes million Oz 000 Recovery (%) 6 1200 98,00 96,00 5 1000 94,00 4 800 92,00 3 600 90,00 88,00 2 400 86,00 1 200 84,00 - 0 82,00 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Gold Produced oz Tons treated Plant Recovery %
Slide 16: Loulo power generation… HFO / diesel power blend
Loulo power generation… HFO / diesel power blend Total energy generated MWh Unit Cost $/kWh 40 000 0,200 35 000 30 000 0,150 25 000 20 000 0,100 15 000 10 000 0,050 5 000 - 0,000 Oct-18 Apr-19 Apr-18 Nov-18 Dec-18 Jul-19 Jul-18 May-19 Aug-19 Sep-19 May-18 Aug-18 Sep-18 Jan-19 Mar-19 Jun-19 Jan-18 Ma
Slide 17: Kedougou - Kenieba Inlier… a prolific gold belt
Kedougou - Kenieba Inlier… a prolific gold belt Loulo4 At Yalea, more robust results were returned SENEGAL N MALI from the Panel Zone: splay type geometry at depth indicates FT42Ex is 13.6m ounce upside @@ 15.83g/t Initial scout drilling highlights down plunge Sadiola potential at L3 MZ2 South Bold
Slide 18: Loulo District: A World Class Destination…
Loulo District: A World Class Destination… Major Mine Exploration Focus Area Loulo Permit Satellite Mine Drilling continues to return robust results from the Panel Gounkoto Permit Zone MZ3 North Plunging Shoot extended with a 120m step out Bold 320m step out drilling south of Transfer Zone tes
Slide 19: More than 20 years in Mali with continuous reinvestments in the country…
More than 20 years in Mali with continuous reinvestments in the country… Mali West: KKI regional Generative work continues to highlight prospective zones. Yatela Strategy is to consolidate new Sadiola MALI ground for stand alone discoveries. MALI Mali South: regional Loulo Tabakoto Regional geologic
Slide 20: Loulo - Gounkoto…development of local skills
Loulo - Gounkoto… development of local skills Total Employees: 4 560 Contractors Nationals: 4 358 (95%) Expats Expats: 202 (5%) 82 (2%) Mine Expats Mine 120 (3%) Nationals Perm. 1 643 (36%) Contractors Temporary Nationals Nationals 2 381 (52%) 334 (7%) 20
Slide 21: Local contractors and supply strategy…
Local contractors and supply strategy… $190 million spent on local contractors and supplier YTD (services rendered, goods and fuel supply) $6 million of bitumen road construction (haul and service roads) performed by a Malian contractor (SFTP) Partnership with Malian contractor to deliver the mine n
Slide 22: Barrick...contribution to Mali economy
Barrick...contribution to Mali economy Barrick/Randgold operations have contributed approximately US$ 7.0 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers in the 23 last years Contribution to Malian % Contribution to Malian GDP Economy 10% LOULO
Slide 23: Dividends, Taxes and Royalties paid to Mali...
Dividends, Taxes and Royalties paid to Mali... Barrick/Randgold operated mines have paid approximately US$ 2.7 billion in the form of Dividends, Taxes and Royalties to the State over 23 years DIVIDENDS TO DIVIDENDS, TAXES BARRICK AND ROYALTIES TO US$ 1.0 billion THE STATE US$ 2.7 billion
Slide 24: Loulo-Gounkoto CSR…governance and stakeholder engagement
Loulo-Gounkoto CSR…governance and stakeholder engagement Education Potable water 78 local students benefiting from 57 boreholes and 4 water supply the Excellence bursaries program systems constructed 19 schools built Regular water quality analysis with School enrolment >5,000 students annual feedbac
Slide 25: Loulo-Gounkoto community development…
Loulo-Gounkoto community development… >$6.4m invested to date; $29.6m patent levy invested in communities Health 10% Education Economic 18% Projects 50% Potable Water 7% Agriculture 15% 25
Slide 26: Morila – In its twilight years
Morila – In its twilight years First true partnership in mining in Mali Creating significant value for its stakeholders Ongoing engagement with partners under the State led Closure committee Operations focus more on closure – leaving a sustainable environment Tailings dam reclamation and footprint r
Slide 27: Morila – Sustainable beyond closure
Morila – Sustainable beyond closure Creating a sustainable micro-economy beyond closure Creation of Agripole: Poultry – meat and eggs Honey Fish Gardens Mango – outgrowers program started Partnership with local agribusiness school Poultry farming Mango farming Fish farming Honey farming 27
Slide 28: Illegal mining…
Illegal mining… Issues Invasion of permits and mining areas Use of mechanical equipment causing severe damage Dredging the river State not enforcing the law Use of dangerous chemicals (cyanide & mercury) Major environmental damage: siltation and contamination of river and ground water Security and s
Slide 29: Endnotes…
Endnotes… 1. At 100%. 2. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2018, unless otherwise noted. Complete mineral reserve and mineral resource data for all mines and projects referenced in this