Barrick Mining Corporation · TSX:ABX
Barrick Mining — Corporate Update (January 2022)
22 slides from Barrick Mining's corporate update, Jan 12, 2022
Slide 1: A world class global business: Media briefing, Riyadh, Saudi Arabia
a world class global business Media briefing…Riyadh, Saudi Arabia January 2022
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,
Slide 3: We are building a business for the long-term
We are building a business for the long-term Our vision is to be the world’s most valued gold mining business by finding, developing and operating the best assets with the best people to deliver the best returns, on a sustainable basis, to our owners and partners. We are committed to partnering with
Slide 4: Our extensive land positions in many of the world's most prolific gold districts
Our extensive Barrick owns and operates six Tier One gold mines: Cortez, Carlin and Turquoise Ridge in Nevada, USA, Loulo-Gounkoto in Mali, Kibali in the Democratic Republic of land positions Congo and Pueblo Viejo in the Dominican Republic in many of the world’s most prolific gold districts with go
Slide 5: Helping our people thrive
Helping our people thrive Our people are the driving force behind our track record of achievements. We are energized by the work we do, how well we do it, and the difference we make. We push the boundaries of what we do individually and collectively in our pursuit of excellence to build a sustainabl
Slide 6: Taking ESG to the next level
The primacy of partnership Taking ESG to We invest in real partnerships with mutual responsibility - the heart of our approach the next level… As a modern mining company, we recognize that we must be a trusted long term partner to our stakeholders to be sustainable License to Operate We firmly belie
Slide 7: 2030 GHG Emission Reduction Roadmap
2030 GHG Emission Reduction Roadmap… Current GHG Reduction Roadmap - k tonnes CO2e Legend PPA: Power Purchase Agreement NG: Natural Gas TSPP: TS Power Plant P1: Phase 1 P2: Phase 2 Reduction initiatives only Operational expansions and increases not included Offset quantities still to be determined 3
Slide 8: Barrick Group KPIs: Q3 2021 highlights
Barrick Group KPIs…Q3 2021 highlights Barrick positioned to deliver on annual production guidance Strong production from the AME and Latin America regions places both regions at top end of annual guidance range Nevada shows strong quarter on quarter performance on the back of improved run time at al
Slide 9: Value creation
Value creation… US$ 1.4 billion paid to Shareholders in the form of Dividends and Return of Capital in 2021 US$ billion Generation of Returns from January 1, 2019 to September 30, 2021 Repayment 6 12 of Debt Dividends Cash Balance 5 10 September 30, 2021 Operating Cash Flow Return of Divestiture Cap
Slide 10: Industry leader in G&A cost efficiency
Industry leader in G&A cost efficiency 2020 G&A as % of Consolidated Revenue 2020 G&A as % of Consolidated Operating Cash Flow 2020 G&A as $ per attributable GEO +88% +81% +48% 50 40 30 2.8% 6.2% 50 20 34 1.5% 3.4% 10 Barrick Peer group average Barrick Peer group average Barrick Peer group average 0
Slide 11: Group 5 Year Gold Production Outlook
Group 5 Year Gold Production Outlook… Moz 6 5 4 3 2 1 0 2021 2022 2023 2024 2025 North America LatAm & AP Africa & Middle East Total production, GEO* *Gold Equivalent Ounces (GEO) from copper assets are calculated using gold price of $1,200/oz and copper price of $2.75/lb Notes: 1) Production profil
Slide 12: Robust project pipeline
Robust project pipeline… Capital projects update Updated Goldrush feasibility study delivers a robust project that Construction & meets Barrick’s investment criteria; ongoing evaluation of Goldrush Development has the potential to further enhance the project Projects 2 2 2 Successful commissioning o
Slide 13: Arabian Nubian Shield
Arabian Nubian Shield… The Arabian Nubian Shield is a geological domain that spans both sides of the Red Sea Jabal Sayid The most significant mines in the region are Ma’aden’s operations including Jabal Sayid, as well as Sukari and Bisha in Egypt and Eritrea The two main styles are geologically clas
Slide 14: Main Deposits of the AN shield
Main Deposits of the AN shield… Widespread distribution of gold deposits throughout the Arabian-Nubian Shield suggests that this accretionary orogen was fundamentally fertile in gold One of the most important geological features of the region is the result of joining East and West Gondwana to form a
Slide 15: The Tethyan Belt: a world class and scale copper gold belt
The Tethyan Belt…a world class and scale copper gold belt Favourable geological setting for gold and copper mineralisation stretching from Slovakia through the Balkans and Middle East through Asia Minor to Malaysia – a long belt of over 5000km equivalent to the Andean Cordillera Thin cover and veget
Slide 16: Saudi Arabia, Jabal Sayid: achievements since Barrick assumed operatorship in 2019
Saudi Arabia, Jabal Sayid…achievements since Barrick assumed operatorship in 2019 Increased ore miningi from 1.9 Mt in 2018 to 2.7 Mt in 2021 Increased processing throughputi from 1.9 Mt in 2018 to 2.8 Mt in 2021 On target for increasing productioni from 111Mlbs in 2018 to the midpoint of guidance r
Slide 17: Jabal Sayid: Exploration
Jabal Sayid…Exploration Exploration continues to test multiple targets around Jabal Sayid Mine scale exploration is on track to successfully grow Mineral Reserves - more than replacing 2 years of annual depletion (since 2019) Completion of Lode 1 feasibility adds a new set of geological targets and
Slide 18: Technical Information and Notes
Technical Information and Notes 18
Slide 19: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Steven Yopps, MMSA, Manager of Growth Projects, Nevada Gold Mines; Craig Fiddes, SME-RM, Manager – Resource Modeling, Nevada Gold Mines; Chad Yuhasz, P.Geo, Mineral Resourc
Slide 20: 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. 2. A Strategic Asset is an asset whi
Slide 21: Appendix A – Outlook
Appendix A – Outlook Key assumptions 2021 2022 2023 2024+ Gold Price ($/oz) 1,700 1,200 1,200 1,200 Copper Price ($/lb) 2.75i 2.75 2.75 2.75 Oil Price (WTI) ($/barrel) 60i 65 65 65 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 100.00 100.00 100.00 CAD Exchange Ra
Slide 22: Appendix B - Project Pipeline
Appendix B - Project Pipeline LatAm & North Africa & New Asia Pacific America Middle East Frontiers Construction & Pueblo Viejo plant expansion Turquoise Ridge 3rd Shaft Gounkoto UG Japan: Japan Gold Strategic Alliance Development Projects Zaldivar Chloride Leach Goldrush Bulyanhulu Egypt: Arabian N