Barrick Mining Corporation · TSX:ABX
Barrick Mining — Q4 2020 Earnings Presentation
24 slides from Barrick Mining's earnings presentation, Feb 2, 2021
Slide 1: Kibali achieves top-end of guidance to deliver another good year
Operated by Kibali achieves top-end of guidance to deliver another good year
Slide 2: Cautionary Statement on Forward-Looking Information
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 statements of histori
Slide 3: To be world class, we need to be global
To be world class, we need to be global… i In Q1 2020, Barrick sold its stake in Massawa to Teranga Gold (“Teranga”) and retained an 11% equity interest in Teranga. In November 2020, Endeavour Mining and Teranga jointly announced an intention to merge.
Slide 4: Kibali starts a new decade with delivery
Kibali… starts a new decade with delivery 2015 2016 Q4 2016 Q2 2018 Q1 2019 Q2 2020 Q4 2020 Full year UG ramp up + First power from First power from Randgold – Commissioned grid Achieves record production at throughput ramp up to Ambarau Azambi Barrick stabilizer battery quarterly and annual design
Slide 5: Delivering on the 2020 business plan
Delivering on the 2020 business plan… Kibali achieved the top-end of production guidance by delivering 808,134 ounces1 Consistent performance from UG mining despite personnel movement interruptions from Covid-19 travel restrictions Process plant stability ensured another year of above planned recove
Slide 6: Safety, Health and Environment
Safety, Health and Environment… Safety LTIFR TRIFR One fatality recorded in the UG 7 2.1 LTIFR2 in Q4 2020 of 0.32 compared to 0.31 in Q3 2020 6 LTIFR in 2020 was 0.23 compared to 0.15 for 2019 1.8 Total Recordable Injury Frequency Rate (TRIFR3) 5 decreased from 2.0 in 2019 to 1.51 in 2020 1.5 ISO 4
Slide 7: Safety, Health and Environment
Safety, Health and Environment… Malaria Malaria Incidence Rate (%) Malaria incidence rate for Q4 2020 was 3.5%, compared to 3.6% 120 in Q4 2019 and 2.5% in Q4 2018 100 The Indoor Residual Spraying (IRS) campaign is ongoing with the 80 scope extended to all of Durba 60 Community peer educators were e
Slide 8: Covid-19 response… reinforcing our partnerships
Covid-19 response… reinforcing our partnerships Donation of over $2m to support the Central, Provincial and Local Administration (beyond the committed $1.5m) Treatment and isolation centre built in Surur (Durba) Partnership with the National Laboratory Institution to train and coach medical staff fr
Slide 9: Kibali Underground
Kibali Underground… UG ore tonnes Q4 20201 400 Ore tonnes hoisted - shaft Ore tonnes mined - decline Tonnes (000s) 300 Underground Mining Production1 200 977kt ore mined in Q4 2020 100 Production of 828kt ore through the shaft 3,020 metres of development in Q4 2020; impacted - by Covid-19 travel res
Slide 10: Plant Performance
Plant Performance … Q4 2020 gravity gold contribution to the overall production was 25.1% Q4 Kibali Kibali Quarterly GRGi Gold Production (koz)1 Contribution (%) 80 30 68 69 70 25 66 25.3 25.1 24.5 24.5 23.6 60 20 50 15 40 10 30 5 20 0 Oct-20 Nov-20 Dec-20 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 i G
Slide 11: Plant Performance
Plant Performance… Q4 Throughput1 Q4 Recovery 100% 90% 89.5% 90.5% 90.3% 80% 70% Dec-20 662kt 60% 50% Nov-20 647kt 40% 30% 20% Oct-20 639kt 10% 0% 0kt 200kt 400kt 600kt 800kt Oct-20 Nov-20 Dec-20
Slide 12: Power Generation… 2020 Hydro/Diesel Power Blend
Power Generation… 2020 Hydro/Diesel Power Blend MW Kibali Total Power Generation $/kWh 40 0.30 35 0.25 30 0.20 25 20 0.15 15 0.10 10 0.05 5 0 - Hydro Diesel Cost
Slide 13: KZ structure… building the exploration pipeline
KZ structure…building the exploration pipeline At KCD, deep hole DDD603, the first of three planned framework Ikamva holes designed to test the down-plunge continuity of the mineral Kalimva system intersected alteration and structure proximal to the main Oere Major fault plunge. Drilling of the seco
Slide 14: Kibali Employees in Q4 2020
Kibali Employees in Q4 2020… Expat Contractors Expat 97 (2%) National Casuals Employees 162 (3%) 227 (4%) National Employees National 1,575 (31%) Contractors 3,006 (59%) Nationals : 4,743 (94%) Expatriates: 324 (6%)
Slide 15: Local contractors and supply strategy… More than CSR
Local contractors and supply strategy… More than CSR $49.6 million spent on local contractors during Q4 2020, $200 million in 2020 Ongoing civil construction and roadworks performed by Congolese contractors (IOB, TES and BTC) Partnership with Congolese engineering contractor (TES) for plant maintena
Slide 16: In country investment… 2010 to 2020
In country investment… 2010 to 2020 $3.4 billion paid by Kibali in the form of taxes, permits, Nzoro Powerline Road infrastructure, salaries and payments to local suppliers ARU - Ariwara Road US$ million Northern By-pass road Visible contributions directly Southern By-pass road in the area of the pr
Slide 17: Committed to our partnership philosophy
Committed to our partnership philosophy… local and international spendi Specialist contracts Construction General services Total contract Shaft sinking contract and supply chain spend Underground mining contract Master drilling $ million $ million $ million $ million 3,000 300 1,000 4,000 900 3,500
Slide 18: Kibali makes a difference… Q4 2020
Kibali makes a difference…Q4 2020 Infrastructure development and maintenance Durba asphalt project: first section (1.2 km) completed and handed over to the government Local Economic Development Projects in 2020 Various community schemes continued with income generating activities Education Books and
Slide 19: Some of our achievements
Some of our achievements… Doko training centre Concrete road – completion of first section Renovation of the Renzi health centre
Slide 20: Agribusiness… local supply to Kibali
Agribusiness…local supply to Kibali Agribusiness Renovation of the Piggery and the poultry buildings in Doko II Renzi Garden 10 women from the AFTUPA group completed training to run the new fruit and vegetable shop 2ha of Renzi garden fully operational with various vegetables and fruits 3.86t of cab
Slide 21: Outstanding legal and fiscal issues… working towards amicable solutions
Outstanding legal and fiscal issues… working towards amicable solutions Engagement with cabinet and administration: Engaged with new Cabinet and maintaining working relationship 2018 Mining Code: Undue taxes still being levied, i.e.: FPI tax (tax to promote local industry) and OGEFREMi Further delay
Slide 22: Kibali… a look at 2021
Kibali…a look at 2021 Continued exploration and resource conversion to extend LOM Implementation of the second phase of the Watsa/Durba concrete road construction Continued Congolese skills development to deliver more national managers and technicians Continuation of the Kalimva/Ikamva RAP and initi
Slide 23: Central and East Africa
Central and East Africa… Congo – Tanzania Craton Central African Republic South Sudan The Congo - Tanzania Craton contains at Kibali least two world class Tier 1 mining N Uganda complexes4 Ngayu Belt Barrick is committed to the region and is Lake Kenya seeking more investment opportunities Democrati
Slide 24: Endnotes
Endnotes… 1. On a 100% basis. 2. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked. 3. Total reportable incident frequency rate (TRIFR) is a ratio calculated as follows: number of repor