Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Investor Day (September 2011)
21 slides from Barrick Mining's investor day presentation, Sep 7, 2011
Slide 1: North America Regional Business Unit
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 North America Regional Business Unit Investor Day – September 7, 2011 1 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our strategy, projects, plans or f
Slide 2: North America Overview of Assets
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 North America Greg Lang, Regional President “Growth from .Salt Lake City world‐class ld l projects and mine site investment” 3 North America OVERVIEW OF ASSETS Donlin Gold Nine operating mines Three major development projects (1 in constr
Slide 3: North America Key Strengths
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 North America KEY STRENGTHS 40% of gold reserves and 43% of expected 2011 Asset Scale production & Quality Two +1 million ounce producers Pueblo Viejo to commence in mid-2012 Growth Significant mine site opportunities New Low Cost C
Slide 4: North America vs Nevada Peers
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 North America vs Nevada Peers NEVADA 2010 Production NEVADA 2010 Total Cash Costs ounces millions US$ per ounce 3.0 Barrick 800 700 Goldcorp 2.5 Kinross 600 Newmont 2.0 Newmont 500 Barrick 1.5 400 300 1.0 200 0.5 100 Kinross Goldcorp 0.0 0 7
Slide 5: North America Business Strategy
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 North America BUSINESS STRATEGY Focus on adding value… Meet operational and financial targets to maximize benefits of rising metal p prices – expanded Cortez operation continues to exceed expectations Increasing gold reserves through expl
Slide 6: Cortez Highlights
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cortez NEVADA 11 Cortez HIGHLIGHTS Cortez Hills built on schedule and budget despite challenging permitting and litigation environment Exceeded E d d 2010 guidance id - 1.14 1 14 Moz M att ttotal t l cash h costs t of $312/oz (1) 785K o
Slide 7: Cortez Value Added
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cortez VALUE ADDED 2006 2011 6.3M oz of reserves(1) 14.5 M oz of reserves(1) 60% interest i t t 100% interest i t t Declining, high costs 2011 guidance of 1.30-1.45 Moz at $235-$265/oz (2) VALUE CREATION OPPORTUNITIES Cortez Hil
Slide 8: Cortez Hills Mining and Processing
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Cortez Hills MINING Open pit – Underground – Truck/shovel Drift and fill + 400K tpd +1,250 tpd 9:1 strip ratio 0.463 oz/ton 0.059 oz/ton 15 Cortez PROCESSING Oxide mill/heap leach/refractory (Goldstrike) 11.5K tpd oxide mill
Slide 9: Goldstrike Overview
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Goldstrike OVERVIEW Proven mine generating Open pit reserve grade substantial cash flow of 0.101 oz/ton 2011 expected t d production d ti off Underground U d d reserve 1.0 – 1.075 M oz at total grade of 0.272 oz/ton cash cost of $515-
Slide 10: Pueblo Viejo
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pueblo Viejo DOMINICAN REPUBLIC Pueblo Viejo 19 Pueblo Viejo DAM Overtop at low spot on clay core Cofferdam Rock fill Upstream dyke Clay core rock shell Downstream rock 140 + 140 shell 136.5 130 filters Note: Illustration not an actual cross-
Slide 11: Pueblo Viejo (60%) Highlights
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pueblo Viejo (60%) HIGHLIGHTS Large, low cost mine with upside potential Long life currently +25 years (100% basis) – Reserves: 23.7 Moz (1) – M&I resources: 9.5 Moz (1) – Inferred resources: 0.6 Moz (1) Barrick’s share of expected prod
Slide 12: Pueblo Viejo Value Added
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pueblo Viejo VALUE ADDED 2006 2010 13.4 M oz of reserves (1) 23.7 M oz of reserves (1) Modest M d t economics i Robust R b t economicsi Technical challenges, low Enhanced flow sheet, recoveries Increased recoveries – Au: 92% – Au:
Slide 13: Pueblo Viejo Processing and Status Update
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Pueblo Viejo PROCESSING Pressure oxidation 24K tpd at an average grade of 0.084 oz/ton 1600 tpd lime kilns Average recovery of 92% 25 Pueblo Viejo STATUS UPDATE First production expected in mid-2012 Mining fleet is operational L
Slide 14: Turquoise Ridge (75%) Overview
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Turquoise Ridge ADDING VALUE Open Pit Evaluation 2 Miles 2,300ft 5.6 M oz UG reserve orebody(1) Conceptual open pit orebody (1) 100% basis; Barrick’s interest is 75%. 27 27 Turquoise Ridge (75%) OVERVIEW Currently a high grade underground o
Slide 15: Rail Project Overview (Initial Scope)
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Rail Project Overview (Initial Scope) Goldstrike ~25 miles Carlin Turquoise Ridge ~14 miles Existing UPRR Track 2 Crescent Valley Existing UPRR Track 1 Battle Mountain Golconda Cortez Winnemucca ~30 miles 0 mi 10 20 30 40 50 29 Turquoise Ridg
Slide 16: Ruby Hill Adding Value
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Ruby Hill (1) ADDING VALUE Ruby Hill 426 West Archimedes Deposits 7.4M tons @ 0.078 opt 426 Expansion A - 578K ozs in Au i reserves Completing feasibility study Extends mine life by 7 years In-fill drilling on-going Existing Pit (1) S
Slide 17: Golden Sunlight Adding Value
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Golden Sunlight ADDING VALUE Gold production resumed after 3 year development – extended mine life by 5 years Feasibility F ibilit study t d underway d on future f t opportunities t iti BONNIE CURRENT MINING PHASE 3 UNDERGROUND NORTH SWIM
Slide 18: Hemlo; Donlin Gold, Alaska
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Hemlo Williams David Bell 35 Donlin Gold ALASKA 36
Slide 19: Donlin Gold Adding Value
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Donlin Gold ADDING VALUE 2006 2011 14.8 M oz of M&I resources 38.7 M oz of M&I resources (100% basis) (1) (100% basis) (1) Early stage evaluation Feasibility complete in H2 2011 One of the world’s largest, undeveloped gold deposits
Slide 20: Donlin Gold Exploration; Summary
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Donlin Gold EXPLORATION (1) Ophir Dome Dome Snow Akivik Gold in Soils East ACMA Donlin Pit 1 g/t Au Blocks (1) See final slide #5 39 Summary Large gold producer in stable political climate Significant growth potential High quality proje
Slide 21: Footnotes
BARRICK GOLD CORPORATION Investor Day – September 7, 2011 Footnotes 1. Total cash costs per ounce, total cash margin per ounce, EBITDA and average realized price per ounce are non-GAAP financial measures . See pages 54-60 of Barrick’s Second Quarter 2011 Report. 2. All references to total cash costs