Barrick Mining Corporation · TSX:ABX
Barrick Mining — Investor Day (November 2022)
22 slides from Barrick Mining's investor day presentation, November 2022
Slide 1: North America Operations
NORTH AMERICA Christine Keener OPERATIONS Chief Operating Officer North America NYSE : GOLD TSX : ABX World Class Mines, World Class People Investor Day, November 2022
Slide 2: Taking Action to Improve Safety
Taking Action to Improve Safety Safely Continue our Journey to Zero Harm with engaged leadership at all levels of our organization, embedding our DNA throughout our business. Focus on field safety interactions and critical control verification of our Producing Fatality Prevention Commitments Develop
Slide 3: Strategic Goals Delivered
Strategic Goals Delivered New and re-energized leadership to usher region to the next phase of safe performance and growth People Enhanced regional and Nevada Gold Mines (NGM) organizational structures License We are the partner of choice for the communities in which we to live and operate Ope
Slide 4: Future Strategic Objectives
Future Strategic Objectives Safety Progress Journey to Zero Harm Continue to build an organization that attracts, develops and People engages world-class people Further develop our people to build pipeline of future leaders Foster strategic partnerships in new frontiers and strengthen existi
Slide 5: Five-Year Outlook ($1,650/oz Gold Price)
Five-Year Outlook ($1,650/oz Gold Price) NORTH AMERICA Gold Production (Attributable), Koz Cost of Sales2, Total Cash Costs3 and Gold Capital Expenditures1 (Attributable), $mln AISC3, $/oz Hemlo Phoenix Long Canyon Turquoise Ridge Cortez Carlin4 Cost of Sales2 Total Cash Costs3 AISC3 Total Capital1
Slide 6: North America Exploration
North America Significant Au and Cu deposits >0.5Moz Au and/or >0.5Mt Cu Expand the Search Space and Add Copper to Deliver Growth Canada exploration group consolidated Five option agreement properties being explored including the Pic property near Hemlo Rapid program ramp up; focus on target generat
Slide 7: Nevada Gold Mines
Nevada Gold Mines (Equity Ownership 61.5%) NGM – 100% Production (koz) Nevada Gold 4,000 3,500 Mines 3,000 2,500 Nevada Gold Mines (100%) YTD Q3 2022 2022 Guidance Nevada hosts 3 2,000 1,500 Gold production (koz) 2 Cost of sales ($/oz) 2,188 1,193 3,100 - 3,400 1,020 - 1,100 Tier One gold 1,000 Tota
Slide 8: Carlin
Carlin (Equity Ownership 61.5%4) Carlin – 100% Production (koz) Carlin 1,800 1,600 1,400 Largest Carlin (100%) YTD Q3 2022 2022 Guidance 1,200 Gold production (koz) 1,139 1,545 - 1,675 producing 1,000 2 Cost of sales ($/oz) 1,064 900 - 980 800 3 Total cash costs ($/oz) 877 730 - 790 district within
Slide 9: Cortez
Cortez (Equity Ownership 61.5%) Cortez – 100% Production (koz) Cortez 1,400 1,200 Increasing 1,000 Cortez (100%) YTD Q3 2022 2022 Guidance production from 800 Gold production (koz) 505 780 - 860 Cost of sales 2 ($/oz) 1,112 970 - 1,050 600 Goldrush and 400 3 Total cash costs ($/oz) 3 All-in sustaini
Slide 10: Turquoise Ridge
Turquoise Ridge (Equity Ownership 61.5%) Turquoise100% RidgeProduction (koz) – 100% Production (koz) Turquoise 800 700 Ridge 600 Turquoise Ridge (100%) YTD Q3 2022 2022 Guidance 500 Production Gold production (koz) 332 535 - 600 400 2 1,403 1,110 - 1,190 Cost of sales ($/oz) 300 increase from 3 Tota
Slide 11: Phoenix
Phoenix (Equity Ownership 61.5%) Phoenix – 100% Production (koz) Phoenix 300 250 Flexibility in 200 Phoenix (100%) YTD Q3 2022 2022 Guidance mine 150 Gold production (koz) 2 Cost of sales ($/oz) 127 2,095 145 - 195 2,000 - 2,080 sequencing to 100 3 Total cash costs ($/oz) 3 All-in sustaining costs (
Slide 12: Hemlo
Hemlo (Equity Ownership 100%) Hemlo – 100% Production (koz) Hemlo 250 200 Re-establishing 150 Hemlo (100%) YTD Q3 2022 2022 Guidance Hemlo as a Gold production (koz) 95 160 - 180 2 Cost of sales ($/oz) 1,699 1,340 - 1,420 100 core contributor 1,481 1,140 - 1,200 3 Total cash costs ($/oz) 3 All-in su
Slide 13: Golden Sunlight
Golden Sunlight Golden Sunlight Removing environmental liabilities while providing a Golden Sunlight Tailings Reprocessing Project, Montana, USA Ribbon Cutting Ceremony with Governor Gianforte, Montana, USA valuable fuel Key Highlights source The Tailings Reprocessing Project kicked off in 2020 to r
Slide 14: Donlin
Donlin Donlin Enhanced geological understanding following successful drill Donlin Project, Alaska, USA program Key Highlights Significant progress made on enhancing the geological and mineral resource models from the 2022 field season, the largest in a decade Improved the geological model which conf
Slide 15: Closure
Closure Closure Deliver sustainable value by reducing long- term liabilities Nickel Plate Closure Property, British Columbia, Canada and monetizing Key Highlights non-core Advanced passive water treatment design and regulatory processes to reduce liabilities associated with long-term environmental m
Slide 16: Investing in and connecting with our communities
Investing in and connecting with our communities Cultural Heritage Education Economic Development Newe Numa Native American mural College of Southern Nevada Heritage Fund – $1.7M to 732 non- profits Cultural awareness training University partnerships (UNR/UNLV) i-80 Fund (NGM) and North Superior Qua
Slide 17: Investing in our most valuable asset – our people
Investing in our most valuable asset – our people Enhanced our organizational design to bring additional expertise into the business to drive key improvements Delivered programs to reduce barriers to underrepresented groups joining the mining industry Continued focus on building our next generation
Slide 18: Barrick
BARRICK
Slide 19: Endnotes
Endnotes 1. These amounts are presented on the same basis as our guidance. Minesite sustaining capital expenditures and project capital expenditures are non-GAAP financial measures. Capital expenditures are classified into minesite sustaining capital expenditures or project capital expenditures depe
Slide 20: Endnotes
Endnotes Reserves and resources of Barrick in Nevada are stated on an attributable basis as of December 31, 2018 and include Goldstrike, Cortez, Goldrush, South Arturo (60%) and Turquoise Ridge (75%). Proven reserves of 84.4 million tonnes grading 4.36 g/t, representing 11.8 million ounces of gold.
Slide 21: Endnotes
Endnotes 6. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2021, unless otherwise noted. Proven mineral reserves of 0.36 million tonnes grading 4.79 g/t
Slide 22: Appendix A – Outlook
Appendix A – Outlook 2022 Key assumptions 2023 2024 2025+ Guidance Gold Price ($/oz) 1,700 1,650 1,300 1,300 Copper Price ($/lb) 4.00 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 65 90 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 120.00 120.00 120.00 CAD Exch