Barrick Mining Corporation · TSX:ABX
Barrick Mining — Denver Gold Forum 2014
10 slides from Barrick Mining's conference presentation, Sep 16, 2014
Slide 1: Cautionary Statement on Forward-Looking Information
Denver Gold Group Denver Gold Forum 2014 September 16, 2014 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,
Slide 2: Operational Excellence is Top Priority
Operational Excellence is Top Priority 3 Operational Excellence is Top Priority H1 Gold production 3.1 Moz AISC(1) ($/oz) Cost reductions sourced from $922 rapid spend reductions: 8% í optimized capital spending $849 í improved contracts í in-sourcing/fewer contractors í reductions to inventory
Slide 3: First Half 2014 Highlights
First Half 2014 Highlights Adjusted net earnings of $397M ($0.34/share)(1) Net loss of $181M ($0.16/share) includes $514M impairment charge for Jabal Sayid in Q2 Operating / adjusted operating cash flow of $1.1B(1) Maintaining 2014 production guidance(2) of 6.0-6.5 Moz of gold and 410-440 Ml
Slide 4: High Quality Cornerstone Mines
High Quality Cornerstone Mines CORTEZ PUEBLO VIEJO LAGUNAS NORTE VELADERO GOLDSTRIKE 77 Cortez, Nevada 2014E production: low end of 925,000-975,000 ounce range 2015 production also expected to be under 1 Moz with a return to 1 Moz range in 2016 2014E AISC: high end of $750-$780 per ounce range
Slide 5: Goldstrike, Nevada and Pueblo Viejo, Dominican Republic
Goldstrike, Nevada 2014E production: high end of 865,000-915,000 ounce range 2014E AISC: low end of $920-$950 per ounce range Patented thiosulphate process on schedule for Q4 2014 Production expected to be over 1.0 million ounces in 2015 99 Pueblo Viejo, Dominican Republic 2014E production
Slide 6: Lagunas Norte, Peru and Veladero, Argentina
Lagunas Norte, Peru 2014E production: high end of 570,000-610,000 ounce range 2014E AISC: low end of $640-$680 per ounce range 11 11 Veladero, Argentina 2014E production: high end of 650,000-700,000 ounce range 2014E AISC: low end of $940-$990 per ounce range 12 12
Slide 7: Copper Operations and Jabal Sayid 50/50 JV Agreement
Copper Operations LUMWANA ZALDIVAR Conveyor repaired and Steady generator of free processing re-started ahead cash flow with first quartile of schedule in early July costs 2014E total production guidance: 410-440 million pounds(1) 2014E C1 cash costs: $1.90-$2.10 per pound(1,2) (1) See final
Slide 8: Growth Opportunities in Nevada
Growth Opportunities in Nevada Deep pipeline with strong potential to exceed hurdle rates of return Advancing several projects in Nevada through the prefeasibility stage (PFS) Near Mine Orebody Mine Third Party Exploration(1) Extensions Expansions Opportunities Maximize Excellent Identifie
Slide 9: Pascua-Lama: Ramp-Down Completed; Improving Financial Flexibility
Pascua-Lama: Ramp-Down Completed Expect to incur costs of ~$0.3B(1) in 2014 Continuing to evaluate options to improve returns MoU with Chilean indigenous groups signed in May (1) See final slide #5. 17 17 Improving Financial Flexibility Focused on debt reduction to further enhance balance sh
Slide 10: A Stronger, More Flexible Barrick
A Stronger, More Flexible Barrick Focusing on the best mines with the most upside Investing in operational excellence Unlocking growth prospects Building real partnerships Strengthening our talent Improving financial flexibility 19 19 Footnotes 1. Adjusted net earnings, adjusted net earn