Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Corporate Update (January 2019)
44 slides from Barrick Mining's corporate update, Jan 24, 2019
Slide 1: Investing in Côte d'Ivoire's future…
Côte d’Ivoire Investing in Côte d’Ivoire’s future… Tongon Mine, January 2019
Slide 2: New Barrick… extensive land positions in many of the world's prolific gold districts
New Barrick…extensive land positions in many of the world’s prolific gold districts M&I Resources1 4% Donlin Gold (50%) 23% 43% Golden Sunlight Hemlo Turquoise Ridge 30% Loulo-Gounkoto Goldstrike Cortez Pueblo Viejo Jabal Sayid (50%) Goldrush/ (60%) Massawa Morila (40%) Fourmile Tongon Kibali (45%)
Slide 3: A leading African gold miner…
A leading African gold miner… Jabal Sayid (50%) Loulo-Gounkoto Morila (40%) Massawa Kibali (45%) Tongon North Mara Lumwana (63.7%) Bulyanhulu Buzwagi Gold production Projects Acacia (63.9% Barrick) Copper production
Slide 4: Tongon Mine… Management and Employees
Tongon Mine…. Management and Employees CEO Dr DM Bristow COO MEA Willem Jacobs COO West Africa Executive Chiaka Berthe Committee MEA Abidjan Office Bodiel Ndiaye GM Tongon Luiz Correia Direct Operations Mine Employees Total Contractors Total Employees Expats Nat Expats Nat Tongon & Project 17 688 70
Slide 5: Tongon Mine… Development of local skills
Tongon Mine… Development of local skills Contrators Mine Expats Perm. Expats 17 (0.9%) 17 (0.9%) Mine Total Employees: 1 723 Nationals Perm. Nationals: 1 689 (98%) 650 (37.7%) Expats: 34 (2%) Contractors Temporary Nationals Nationals 1 001 (58.3%) 38 (2.2%)
Slide 6: New Barrick… powered by an ambition to deliver sustainable profitability and growth
New Barrick…powered by an ambition to deliver sustainable profitability and growth Superior World-Class Financial Discipline Assets Management Team and Investment ∎Tier One Gold Assets and ∎Fully implement ∎Disciplined approach to strategic assets decentralised management growth, leveraging ethos an
Slide 7: Barrick à travers Randgold Resources…
Barrick a travers Randgold Resources… Plus de 20 ans d’existence en Côte d’Ivoire Chiffres Actuels Depenses de l’Exploration dans un Investissement total à ce jour: CFA 312 milliards CFA milliard contrat permanent depuis 1996 Production à ce jour (up Q2 2018): 58 tonnes 12 10 60 milliards de CFA inv
Slide 8: Portfolio in Côte d'Ivoire… finding world class deposits
Portfolio in Côte d’Ivoire…finding world class deposits Nielle Tongon Mine Tengrela North N Mankono JV projects Tengrela South (released) Granted permits Tiorotieri (released) Permits under application Fapoha N at Fapoha S Targets with potential for satellite deposits Boundiali Mankono Kouassi-Datek
Slide 9: SE Côte d'Ivoire… a priority destination for Barrick/Newcrest Joint-Venture
SE Côte d’Ivoire…a priority destination for Barrick/Newcrest Joint-Venture Barrick/Newcrest requests: All necessary authorisations and approvals to perform an Aerial Survey in AOI New permits to be granted to JV Applications to be processed and granted JV to be given priority on open grounds for con
Slide 10: Boundiali… encouraging drill results along strike of Fonondara
Boundiali…encouraging drill results along strike of Fonondara N Infill VTEM SANI TARGET ▪ Wide system confirmed with higher grades: ▪ 20m @ 1.43g/t from 30m (incl. 5m @ 4.79g/t from 35m) 24m @ 1g/t from 0m (incl. 5m @ 2.61g/t); 8m @ 11.74g/t from 2m (incl. 1m @ 70g/t) KATI NORTH ▪ New drilling defin
Slide 11: New opportunities at Mankono…
New opportunities at Mankono… while Sissedougou permit being renewed Dokeka Togola Gbongogo ▪ Soil extended towards north ▪ Results pending Lokolo ▪ Trenches and shallow AC drilling completed ▪ Multiple potential zones intersected Bafretou ▪ Results pending South BAFSTR002 9m @ 0.45g/t (incl. 3m @ 0
Slide 12: Orpaillage and illegal mining sites remain a challenge at Boundiali permit…
Orpaillage and illegal mining sites remain a challenge at Boundiali permit… Value destruction for Government and Investors +300 artisanal miners next to Fonondara Main with risk of mining the resources Hundreds of artisanal miners recorded along strike arrived towards year end Risk of delays on RC/A
Slide 13: Nielle permit… Building on a strong resource base
Nielle permit… Building on a strong resource base Djinni Target ▪ Surface trenching confirms presence of Shadow Deposit ▪ Follow-up trenching sheared and altered sedimentary Identified target package with disseminated Au-bearing confirms presence of vein- sulphide, c.600m to the SW. Follow up target
Slide 14: Mercator-Jane… surface trenching highlights prospectivity along strike
Mercator-Jane…surface trenching highlights prospectivity along strike Belokolo Bend AC Drilling Program on the Badénou MTAC012 BBAC055 Corridor with Results on Remote 18m @ 1.52g/t from 0m (incl. 6m @ 3.56g/t from 6m) 15m @ 2.21g/t from 24m Regolith Map MTAC016 MTAC059 3m @ 3.65g/t from 9m 9m @ 0.61
Slide 15: Tongon mine… update
Tongon mine…update Following illegal strikes at Tongon in Q3, mine operations returned to normal in Q4 and achieved both planned production and revised market guidance for the year Government endorsed protocol agreement, signed by the Minister of Mines at Tongon mine in the presence of the facilitat
Slide 16: Tongon ensures good health and promotes the wellbeing of everyone…
Tongon ensures good health and promotes the wellbeing of everyone… Health and Safety Environment LTIFR of 0,00 – Zero LTIs recorded Zero Class 1 environmental incidents Tongon certified ISO 14001v2015 and OHSAS 18001 working with The water management is effective at Tongon with no certified company,
Slide 17: Looking ahead… objectives and LOM opportunities
Looking ahead… objectives and LOM opportunities Objectives Finalize protocol agreement and recover from the illegal industrial action Identify an additional two years life of mine through brownfields exploration Manage orebody and maintain its grade integrity ... no impairments Continued reduction o
Slide 18: Tongon performance despite illegal work stoppages from January to September…
Tongon performance despite illegal work stoppages from January to September… Gold recovery % Gold production oz 000 95 350 90 300 289 261 250 85 250 243 234 227 230 211 200 80 150 75 100 70 50 65 0 2011 2012 2013 2014 2015 2016 2017 2018 Production Recovery %
Slide 19: Tongon contributes significantly to the economy of Côte d'Ivoire…
Tongon contributes significantly to the economy of Côte d’Ivoire… Payments to the State and local companies as at end of Dec 2018 Forms of Contribution Amount (KUSD) Payroll Taxes 26 746 Shareholding Duties 26 724 Côte d’Ivoire Private Entity (Ivorian) Royalties 79 395 10% 1% Local Contractors and C
Slide 20: Actual and forecast production…
Actual and forecast production… our goal is to extend the Life of Mine Production oz 000 Total cash cost $/oz Grade g/t Capex $m 1000 3 900 800 700 2 600 500 400 1 300 200 100 0 0 2013 2014 2015 2016 2017 2018 2019 2020 2021 Oz actual Oz forecast Total Cash Cost/oz Capital Grade
Slide 21: Tongon mine… reserves and resources
Tongon mine…reserves and resources Moz 5 4 3 2 1 0 Reserves Resources
Slide 22: Erratic grid power supply impacts costs…
Erratic grid power supply impacts costs… CIE utilization vs total power cost 25 0.20 kWh total million Total Cost $/kWh 0.18 20 Generated power suplly 0.16 Total power cost Grid power supply - CIE 0.14 15 0.12 0.10 10 0.08 0.06 5 0.04 0.02 0 0.00 The stability of the CIE grid power supply deteriorat
Slide 23: Tongon localisation and employment… economic growth for all
Tongon localisation and employment… economic growth for all Labour Statistics % expatriates compared Total Expat % to nationals Department Tongon Contract 100% Employed total Expat Geology 92 22 114 0% 80% Mining 21 624 645 16 2% 60% Process 229 178 407 2 0% Engineering 230 230 11 5% 40% Administrat
Slide 24: Protocol with 2 year agreement signed in presence of MOM and Local authorities…
Protocol with 2 year agreement signed in presence of MOM and Local authorities… Production loss: 70koz Financial impact to stockholders: Tongon loss: $32.6 million ToMi loss: $4.2 million Photo after protocol signature Cote d’Ivoire (Tax advalorem, IRVM, BIC, Dividend): $29 million Community ( Fishe
Slide 25: Our relationship with our employees is important…
Our relationship with our employees is important… Training and capacity building 3 511 people trained to date 74 employees trained this Quarter 10 Managers, 2IC and Coordinators on Project Management Training on Initiation on Plant Maintenance 36 operatives and Plant Engineering supervisors trained
Slide 26: Celebrating important occasions…
Celebrating important occasions… Christmas Tree Celebration Christmas tree for 971 children of Tongon and subcontractors workers Retirees Celebration Chickens, Rice and Oil Donation 2 workers on retirement celebrated Donation for New year celebration
Slide 27: Investment in local economies and local communities around the mine…
Investment in local economies and local communities around the mine… Q4 community expenditure 2008 - Q4 YTD TOT Health US$ 000 2012 2013 2014 2015 2016 2017 2011 2018 2018 AL Road & 5% Infrastructur Health 75 38 8 134 110 184 131 22 87 767 e Education 35% 29% Education 164 135 165 91 106 189 223 116
Slide 28: Goal to provide health care centres to communities achieved…
Goal to provide health care centres to communities achieved… Kationron health centre equipped and houses for the health Construction of surgical unit for staff completed Mbengue completed and equipped Following the construction of the infirmary last year, the The Mbengue surgical unit’s equipment de
Slide 29: Actions for education redirecting towards secondary and nursery school…
Actions for education redirecting towards secondary and nursery school… Education objective has been achieved. Each community village has a primary school of 6 classrooms Actions on the education domain is being extended to nursery school construction and equipment to allow children to start school
Slide 30: Delivering on our promises... new projects delivered
Delivering on our promises... new projects delivered Operating phase of revenue generative projects has started thought training and coaching With a view to a real impact on the economy of the surrounding villages, and a successful ownership of the projects by the community, the difficulties encount
Slide 31: Houses for the village chiefs to be completed in 2019…
Houses for the village chiefs to be completed in 2019… First house completed and equipped has been handed over to the Tongon village chief by the Minister of Mines on the 27 December, in presence of the local authorities and all the community village chiefs A symbolic protocol agreement, stipulating
Slide 32: Sustainable agriculture development to achieve food security…
Sustainable agriculture development to achieve food security… Maize farm projects the yield objective of 3.5 tonnes per hectare targeted at the beginning of the season is exceeded by 26.24%, to 4.4ha/t About 2158 tonnes of maize harvested is being transported to the villages (490.5ha) The maximum yi
Slide 33: Public Relations…
Public Relations… Christmas visits to chiefs More than 450 children from 11 villages around the mine The first official visit of the G.M. to the communities, attended the Christmas Day organized in Poungbe under took place in mid-December in a relaxed and the supervision of the Member of Parliament,
Slide 34: Appendix A – Sani Target Significant Intercepts
Appendix A – Sani Target Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Sani drill hole nomenclature: SN (Sani) followed by type (AC: Air Core) with no designation of th
Slide 35: Appendix B – Katiere Target Significant Intercepts
Appendix B – Katiere Target Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Katiere drill hole nomenclature: KTI (Katiere) followed by type (AC: Air Core) with no designa
Slide 36: Appendix C – Bafretou South Significant Intercepts
Appendix C – Bafretou South Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Bafretou Shouth drill hole nomenclature: BFS (Bafretou South) followed by type (AC: Air Core;
Slide 37: Appendix D – Jane AOI Significant Intercepts
Appendix D – Jane AOI Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Jane drill hole nomenclature: BD (Jane – previously Badenou) followed by type (AC: Air Core; TR: Tre
Slide 38: Appendix E – Mercator AOI Significant Intercepts
Appendix E – Mercator AOI Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Mercator drill hole nomenclature: MT (Mercator) followed by type (RC: Reverse Circulation) with
Slide 39: Appendix E cont. – Mercator AOI Significant Intercepts contd.
Appendix E cont. – Mercator AOI Significant Intercepts1 contd. 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Mercator drill hole nomenclature: MT (Mercator) followed by type (AC: Air Core) wit
Slide 40: Appendix E cont. – Mercator AOI Significant Intercepts contd.
Appendix E cont. – Mercator AOI Significant Intercepts1 contd. 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Mercator drill hole nomenclature: MT (Mercator) followed by type (DG: Diamond Core)
Slide 41: Appendix F – Shadow AOI Significant Intercepts
Appendix F – Shadow AOI Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Shadow trench nomenclature: SH (Shadow) followed by type (TR: Trench) with no designation of the y
Slide 42: Appendix G – Jane AOI Significant Intercepts
Appendix G – Jane AOI Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Jane (previously Badenou) drill hole nomenclature: BD (Jane [Badenou]) followed by type (AC: Air Cor
Slide 43: Appendix H – Belekolo Bend AOI Significant Intercepts
Appendix H – Belekolo Bend AOI Significant Intercepts1 1. All intercepts calculated using a 0.5g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is less than 25% total width. 2. Belekolo Bend drill hole nomenclature: BB (Belekolo Bend) followed by type (AC: Air Core) w
Slide 44: Disclaimer…
Disclaimer… 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 statement