Slide 1: Barrick Gold Corporation: Recharge and Execute
Barrick Gold Corporation Recharge and Execute CIM - January 15, 2015
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: Barrick Gold Corporation
Barrick Gold Corporation BARRICK i
Slide 4: High Quality Cornerstone Mines
High Quality Cornerstone Mines (1) See final slide #1 44
Slide 5: Cortez, Nevada
Cortez, Nevada Prefeasibility for Cortez Hills Lower Zone expected in late 2015 55
Slide 6: Goldstrike, Nevada
Goldstrike, Nevada Patented thiosulphate process uses no cyanide Maximizes unused autoclave capacity Accelerates production from ore destined for roaster 350-450 Koz of est. annual production (first full five years) 66
Slide 7: Pueblo Viejo, Dominican Republic
Pueblo Viejo, Dominican Republic Worlds Largest Autoclaves 220 tons per hour run rate Further increasing throughput and recoveries by optimizing ore blends from crush/grind circuit 77
Slide 8: Core Mines – South America
Core Mines – South America Completing benchmarking Improvements to inventory studies on equipment, labor management, maintenance, and cost productivity mining productivity and energy feed 88
Slide 9: Opportunities – Regional Growth
Opportunities – Regional Growth Elko Turquoise Ridge South Arturo Reno Goldstrike AREA ENLARGED Elko Carlin Las Vegas Spring Valley Cortez Goldrush Bald Mountain Reno Ruby Hill Carson City Mines Projects Towns Round Mountain JV 99
Slide 10: Goldrush – Prefeasibility in Mid-2015
Goldrush – Prefeasibility in Mid-2015 Cortez Portal Hills Mine Very high-grade potential untested and open Exploration Decline (permit application submitted) High-grade continuity being Goldrush Deposit(1) established 10 Moz M&I Resources 5.6 Moz Inferred Resources 1 mile (1) See final slide #2 10 1
Slide 11: High Quality Cornerstone Mines
High Quality Cornerstone Mines 11 11
Slide 12: Improving Performance
Improving Performance Shift change sequencing Re-vamping fleet maintenance practices Improved capital efficiency for underground Installing advanced process controls Improved geo- metallurgical modelling 12
Slide 13: Improving Performance
Improving Performance AISC ($/oz) Reducing external spend 980 – New contracts Guidance Range 940 – In-sourcing 920 920 – Reduced inventory 900 – Reduced working capital 880 – Better maintenance planning Global program integrating supply chain and maintenance Strengthening long-term Revised Rev
Slide 14: Barrick's Priorities
Barrick’s Priorities BARRICK
Slide 15: Operational Excellence
Operational Excellence Excel in all areas across the company and deliver the full potential of our mines Put the best people in key roles and enable them to deliver 15 15
Slide 16: Best Assets and Regions
Best Assets and Regions Concentrating on regions where strong relationships give us a competitive advantage Focus on areas with best reserve potential Investing in low-risk areas (geopolitical and regulatory) 16
Slide 17: Financial Flexibility
Financial Flexibility Restore the balance Cash Position sheet to a position of strength $2.7B (1) Focus on reducing net debt and maintaining good liquidity $4.0B Undrawn Credit Facility (1) See final slide #3 17
Slide 18: Strong Partnerships
Strong Partnerships Strong partnerships with key stakeholders (local suppliers, contractors, regulators, governments, indigenous groups and communities) Mine operations and License to Operate are of equal importance (GMs + Country Managers) Building a partnership culture = better execution Fre
Slide 19: Co-Presidents Structure
Co-Presidents Structure Operations: Mining, Processing, Environment etc. Jim Gowans Kelvin Dushnisky Co-President Co-President License to Operate: Governments, Communities, etc. 19
Slide 20: Recharged Management Team
Recharged Management Team Jim Gowans Kelvin Shaun Usmar Kevin Thomson Darian Rich Co-President Dushnisky Senior Executive Vice Senior Executive Vice Executive Vice Co-President President and CFO President, Strategic President, Talent Designate Matters Management 20
Slide 21: Recharge and Execute
BARRICK Recharge and Execute
Slide 22: Barrick Gold Corporation: Recharge and Execute
Barrick Gold Corporation Recharge and Execute CIM - January 15, 2015