Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Bank of America Global Metals, Mining & Steel Conference 2023
13 slides from Barrick Mining's conference presentation, May 17, 2023
Slide 1: A clear strategy focussed on sustained value creation
…a clear strategy focussed on sustained value creation Global Metals, Mining & Steel Conference, BofA, May 2023
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: About Barrick
About Barrick… Our business Barrick is a sector-leading gold and copper producer. Our portfolio spans the world’s most prolific gold and copper districts and is focused on high-margin, long-life assets Our purpose We are building the world’s most valued gold and copper company by owning the best ass
Slide 4: Delivering on our commitments since the Merger
Delivering on our commitments since the Mergeri… as at 31 December 2022 6 ~$4B Copper Growing copper exposure supports the transition to Tier One Gold Assets1 owned Return to shareholders2 clean energy and and operated by Barrick — the while investing ~$7.5 billion in capital infrastructure developm
Slide 5: 2023 Guidance
2023 Guidance… Barrick facts: $34.5Bln GOLD COPPER Barrick’s market capi. The second highest of any gold miner 4.2 - 4.6MOZ 420 - 470Mlbs A3 GROUP GOLD PRODUCTION GROUP COPPER PRODUCTION largest global gold producer - Integral to our business strategy Moody’s Credit Rating – highest in operations un
Slide 6: To be world class you have to be global
Barrick To be world class you have to be global operates on 4 13 gold mines and 3 copper mines continents in 19 countries Donlin (50%) CANADA Loulo- Geographical distribution Phoenix (61.5%) Gounkoto 80% Hemlo Mozproduction of 2022 gold NGM (61.5%) USA 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOMI
Slide 7: Building for the Future
Building for the Future… Base case gold equivalent production outlook with Reko Diq and Lumwana Super Pit (GEO koz) North America Africa and Middle East LATAM and AP Reko Diq and Lumwana Super Pit 7,000 6,500 6,000 5,500 5,000 Approximately 25% 4,500 growth by the end of 4,000 the decade driven by 3
Slide 8: Investing in a Better Future
Investing in a We conduct our business with Better Future We empower local integrity, transparency and communities fairness ESG has become a mainstream concept but for Barrick it is nothing new — sustainability, socio-economic upliftment and We put biodiversity management have We prioritise local sa
Slide 9: Unlocking value in our global portfolio
Unlocking value in our global portfolio... Quality assets Consistent reserve replacement and resource growth has allowed Barrick to underpin each operation and project with a fully planned 10+ year production profile Free cash flow A transparent and long-term production profile that generates robust
Slide 10: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us 10
Slide 11: 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 Strategic Asset is an asset which
Slide 12: Endnotes Technical Information
Endnotes 9. “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial performance measures. “C1 cash costs” per pound is based on cost of sales but excludes the impact of depreciation and royalties and production taxes and includes treatment and refinement charges. “Al
Slide 13: Appendix A – Outlook
Appendix A – Outlook Key assumptions 2023 2024 2025+ Gold Price ($/oz) 1,650 1,300 1,300 Copper Price ($/lb) 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 90 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 170 170 170 CAD Exchange Rate (USD:CAD) 1.30 1.
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