Barrick Mining Corporation · TSX:ABX
Barrick Mining — Mines and Money London 2022
15 slides from Barrick Mining's conference presentation, Nov 30, 2022
Slide 1: What needs to change in exploration today to meet the demands of resourcing tomorrow?
What needs to change in exploration today to meet the demands of resourcing tomorrow? Mines & Money, November 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: Risks and Opportunities for mining and metals
Risks and Opportunities for mining and metals… ESG remains the top risk and opportunity but geopolitics has soared to second place amid global conflict and uncertainty, requiring miners to develop a deeper understanding of its impact on strategy Costs and productivity have moved from 10th to 5th spo
Slide 4: Where to go to find world class gold and copper deposits
Where to go to find world class gold and copper deposits… Tethyan Siberian Craton Baltica Metallurgenic Belt Canadian Shield North American West African Tien Shan Cordillera Craton Belt Arabian Pacific Antillean Arcs Rim Nubian Shield Tanzanian and Congo South Cratons American Yilgarn Craton Cordill
Slide 5: Partnering with your host countries
Partnering with your host countries… Percentage of GOLD project returns going to the State in selected mining jurisdictions 90% Gold price $1,500 / oz 80% 70% 60% 50% 40% 30% 20% 10% 0% Source: Barrick research calculated by a theoretical standard mine model run to determine share of cashflows at an
Slide 6: Barrick's exploration strategy is proof of value delivery
Barrick’s exploration strategy is proof of value delivery… Growth through organic Significant reserves added through brownfields discovery and post acquisition and greenfields exploration2 addition Goldstrike Loulo-Gounkoto Low-cost accretive value for Lagunas Norte Barrick Kibali Pueblo Viejo Turqu
Slide 7: Estimated Metal Supply
Estimated Metal Supply…2011 – 2030 GOLD COPPER Mined gold production is estimated to plateau at Refined copper production is expected to increase at a CAGR of 2.2% to 2030 – but without new current levels with a lack of quality projects to production from low-quality “possible” projects, supply is e
Slide 8: New Major Gold Discoveries
New Major Gold Discoveries… Number of major discoveries Gold Exploration Budget 30 $12,000 27 25 24 $10,000 23 Gold Exploration Budget (US$m) 22 22 Number of Major Gold Discoveries 20 19 $8,000 18 17 15 15 14 $6,000 13 12 11 11 10 10 10 9 $4,000 8 8 8 7 7 5 5 4 4 $2,000 3 3 3 2 1 1 0 0 $0 180 major
Slide 9: Gold Exploration Trends
Gold Exploration Trends… Junior gold exploration companies have risen in prominence as major gold producers have underinvested in exploration and become averse to grassroots projects in “unconventional” jurisdictions Exploration Budgets by Company Type (US$ million) Exploration Budgets by Stage (% s
Slide 10: New Major Copper Discoveries
New Major Copper Discoveries… Number of major discoveries Copper exploration budget 18 17 $5,000 16 16 $4,500 15 15 $4,000 Copper Exploration Budget (US$m) 14 13 Number of Major Copper Discoveries 12 $3,500 12 11 11 10 10 10 $3,000 10 9 9 8 8 8 $2,500 8 7 7 7 7 $2,000 6 5 $1,500 4 4 3 $1,000 2 2 1 1
Slide 11: Copper Exploration Trends
Copper Exploration Trends… Like the gold industry, copper majors have underinvested in exploration and have become too risk averse – focusing their recent efforts more heavily on near-mine exploration in Latin America Exploration Budgets by Company Type (US$ million) Exploration Budgets by Stage (%
Slide 12: Transformation by new technologies
Transformation by new technologies… The Last 40 Years New technologies Forensic level understanding of orebody characteristics Use of vectors and predictive models Collection of vast amounts of surface data from airborne and satellite platforms Introduction of GPS and GIS systems Introduction of com
Slide 13: Skills shortage is a critical business risk for the mining industry
Skills shortage is a critical business risk for the mining industry… Aging workforce and the decrease in the number of graduates with advanced degrees in engineering and science Fewer school leavers are enrolling in courses that will prepare them for a role in mining - graduates who apply for mining
Slide 14: Resourcing for tomorrow requires investment in people and exploration
Resourcing for tomorrow requires investment in people and exploration… Value Adding value with M&A only starts here!!!!! Brownfields exploration - Its about what further we can add to Delivery of value discovery reserves production development Feasibility Feasibilities are about proper testwork and
Slide 15: 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. A Tier One Copper Asset is an asset