Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Morgan Stanley Dean Witter Global Metals and Building Conference 2001
35 slides from Barrick Mining's conference presentation, Mar 22, 2001
Slide 1: Randall Oliphant, President and CEO
Randall Oliphant President and Chief Executive Officer Morgan Stanley Dean Witter Global Metals and Building Conference March 22, 2001 - London
Slide 2: US$1.1 billion non-cash provision
US$ 1.1 billion non-cash provision •1994-1996 assets – financed with shares – $400 gold – right time – management driven
Slide 3: US$1.1 billion non-cash provision
US$ 1.1 billion non-cash provision •No impact on: – cash flows – reserves – production – employees
Slide 4: 2000 Review
2000 Review Record Production Lowest costs
Slide 5: 2000 Review
2000 Review Operating earnings: $334 m Operating cash flow: $705 m
Slide 6: 2000 Review
2000 Review Premium Gold Sales Program Additional revenue: $300 m
Slide 7: 2000 Review
2000 Review Free cash flow: $530 m Cash margin: $215 per oz.
Slide 8: Building value
Building value
Slide 9: Pangea Acquisition
Pangea Acquisition
Slide 10: 2000 Review
2000 Review Production: 3.7 million oz. Cash costs: $145 per oz. Reserves: 58.5 million oz.
Slide 11: 2000 Review
2000 Review Bulyanhulu Goldstrike Pierina
Slide 12: Committed to gold business and hedging
Committed to: -gold business -hedging
Slide 13: Pascua decision
Pascua decision Non-cash provision
Slide 14: Flexibility, Growth, Discipline
Flexibility Growth Discipline
Slide 15: "A" rated balance sheet
“A” rated balance sheet High-quality assets Largest cash position Growing free cash flow
Slide 16: Flexibility
Flexibility
Slide 17: Bulyanhulu Financing
Bulyanhulu Financing $200 m development loan Partner with 6 global banks
Slide 18: Plan for the future
Plan for the future
Slide 19: Premium Gold Sales Program
Premium Gold Sales Program Lock in minimum prices Paid a premium
Slide 20: Premium Gold Sales Program
Premium Gold Sales Program Lowered our realized price for 2001 to $340 Spreads the value out for a longer period
Slide 21: Built to last… and built to grow
Built to last… and built to grow
Slide 22: Competitive Advantage
Competitive Advantage Predictable, reliable cash flow High margins Premium Gold Sales Program Growth in any environment
Slide 23: Competitive Advantage
Competitive Advantage Higher gold prices = accelerate Pascua Lower gold prices = acquisition opportunities
Slide 24: Look at Barrick
|_ = Look at Barrick | | ; |
Slide 25: Sticking with gold
Stickin 5S with goilad
Slide 26: Positioned to benefit
Positioned to benefit
Slide 27: Game plan for the future
Game plan for the future
Slide 28: Game Plan
Game Plan Increase earnings and cash flow Improve return on equity Maintain our strong balance sheet
Slide 29: Game Plan
Game Plan April 2001 Bulyanhulu start-up Underground potential at Goldstrike Potential Pascua/Veladero synergies District development programs
Slide 30: Discipline and Focus
Discipline — and Focus
Slide 31: A company in control
A company in control
Slide 32: Free cash flow
Free cash flow
Slide 33: Organic growth
Organic growth
Slide 34: Strategic acquisitions
Strategic — acquisitions, —
Slide 35: Barrick
a BARRICK
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