cautionary statement on forward-looking

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Nevada Mine Tour Goldstrike Andy Cole í September 17, 2014 2 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, other than statements of historical fact, are forward-looking statements. The words “believe”, "expect", “anticipate”, “contemplate”, “target”, “plan”, “intend”, “continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel and electricity); changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which the company does or may carry on business in the future; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; adverse changes in our credit rating; the impact of inflation; operating or technical difficulties in connection with mining or development activities; the speculative nature of mineral exploration and development; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; fluctuations in the currency markets; changes in U.S. dollar interest rates; risks arising from holding derivative instruments; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, us; our ability to successfully integrate acquisitions or complete divestitures; employee relations; availability and increased costs associated with mining inputs and labor; and the organization of our previously held African gold operations and properties under a separate listed company. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements. The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law. CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

Transcript of cautionary statement on forward-looking

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Nevada Mine TourGoldstrike

Andy Cole September 17, 2014

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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, other than statements ofhistorical fact, are forward-looking statements. The words “believe”, "expect", “anticipate”, “contemplate”, “target”, “plan”, “intend”,“continue”, “budget”, “estimate”, “may”, “will”, “schedule” and similar expressions identify forward-looking statements. Forward-lookingstatements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by us, are inherentlysubject to significant business, economic and competitive uncertainties and contingencies. Known and unknown factors could cause actualresults to differ materially from those projected in the forward-looking statements. Such factors include, but are not limited to:fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel and electricity); changesin national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies andpractices, expropriation or nationalization of property and political or economic developments in Canada, the United States and otherjurisdictions in which the company does or may carry on business in the future; failure to comply with environmental and health andsafety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; diminishing quantities orgrades of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; theimpact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projectedfuture cash flows; adverse changes in our credit rating; the impact of inflation; operating or technical difficulties in connection with miningor development activities; the speculative nature of mineral exploration and development; risk of loss due to acts of war, terrorism,sabotage and civil disturbances; fluctuations in the currency markets; changes in U.S. dollar interest rates; risks arising from holdingderivative instruments; litigation; contests over title to properties, particularly title to undeveloped properties, or over access to water,power and other required infrastructure; business opportunities that may be presented to, or pursued by, us; our ability to successfullyintegrate acquisitions or complete divestitures; employee relations; availability and increased costs associated with mining inputs andlabor; and the organization of our previously held African gold operations and properties under a separate listed company. In addition,there are risks and hazards associated with the business of mineral exploration, development and mining, including environmentalhazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold orcopper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks). Many of theseuncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed orimplied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are notguarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionarystatements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadianprovincial securities regulatory authorities for a discussion of some of the factors underlying forward-looking statements.

The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of newinformation, future events or otherwise, except as required by applicable law.

CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION

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Agenda

Safety

Highlights

Site Overview

Reserves / Resources

Operations Update

Opportunities

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Goldstrike Safety Briefing

DURING YOUR TIME AT GOLDSTRIKE, ENSURE THAT YOU:

Follow all direction given to you by a Barrick representativeDo not enter any work area or site without prior permissionStay with your escorts

EVACUATION PROCEDURES

CERTAIN AREAS AROUND THE SITE ARE DESIGNATED EMERGENCY ASSEMBLY AREAS

(MUSTER AREAS)

In the event of an emergency, a continuous siren or horn may soundFollow directions from your escort and immediately proceed to the nearest muster pointRemain there and wait for further instructions

All visitors must comply with rules regarding the use of PPE on site.

The minimum site requirements for the Surface Operation areas are:

Hard HatSafety Glasses with side shieldsHi-visibility vest with reflectorsSafety boots (Steel-Toed)

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Goldstrike Safety Record

1.151.39

2009 2010 2011 2012 2013

Total Reportable Incident Frequency Rates

0.91

2014 YTD TRIFR(1) 0.90

Peer Average TRIFR(2)= 1.91

2014 NvMA Awards– 1st Place: Medium Mine - Roaster– 2nd Place: Large Surface Mine– 3rd Place: Large UG Mine– 4 Safety Personnel Awards

Emergency response training center

1.351.23

(1) Through July. (2) On a comparable basis for 2013. Peer average includes Kennecott Copper, Newmont and Veris Gold

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Goldstrike Highlights

One of Barrick’s 5 cornerstone mines +40 million ounces produced to dateCenter for Technical ExcellenceLeader in Processing Technology

– autoclaving– new TCM process– provides processing, stripping and refining for other

Barrick sites

Operational Excellence initiativesOpportunities from South Arturo and brownfield exploration

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Property Location

0 miles 50 100

GoldstrikeTurquoiseRidge

Cortez

Ruby Hill

BaldMtn.

0 miles 100 200

I D A H OO R E G O N

Round Mountain

Las Vegas

N E V A D A

GoldstrikeCarlin Elko

Ruby Hill

Round Mountain

Turquoise Ridge

Cortez Bald Mtn.

Carson City

Reno Western 102 Power-Plant

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Site Overview (looking NW)

Autoclaves

RoasterRodeo

Betze-Post

MeikleBazza UG

North Block Tailings

Mills

C-I-L

Oxygen

Truckshop

Admin

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Reserves and Resources(1)

Tons Grade Contained oz

(as of Dec. 31/13) (000s) (oz/ton) (millions)

P&P Reserves 94,729 0.113 10.71

Measured Resources 1,954 0.281 0.55

Indicated Resources 9,940 0.168 1.67

Inferred Resources 2,383 0.202 0.48

(1) See final slide #1.

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Tons Grade Contained oz

(as of Dec. 31/13) (000s) (oz/ton) (millions)

Open Pit 84,255 0.096 8.12

Underground 10,474 0.247 2.59

Total 94,729 0.113 10.71

Reserve Split

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Historic Production

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Open Pit Mining – Betze-Post

Conventional truck/shovel operationPit Dimensions: 2 miles x 1 mile x 1,400 ft deep

2013 2014E

Mining rate (tpd) 260,000 240,000Average Grade (oz/ton) 0.12 0.13Strip Ratio (waste/ore) 15:1 8:1Mining Cost (per ton) $1.93 $1.91

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Open Pit Sequencing

4NW

3NWWestBarrel

2015 Mining in North Betze2016 Mining 3NW, finish North Betze

North Betze

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Site Overview (Looking SE)

Open Pit OperationsRoaster

Autoclave Admin/Shop

Underground Operations

Rodeo

Service Production

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Underground Mining

Mined by longhole open stoping and underhand drift and fill methods

Cement rock and paste backfill

2013 2014E

Mining rate (tpd)(1) 4,400 4,700Average Grade (oz/ton) 0.28 0.26Mining Cost (per ton) $122 $116

(1) Includes Storm.

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Underground Plan View

Service +Exhausts

ProductionShaft

BANSHEE SOUTHMEIKLE

UpperExtension

LowerExtension

SOUTH GRIFFIN

WESTGRIFFIN

SOUTH MEIKLE

NORTHPOSTDEEP

MEIKLE GRIFFIN RODEO NORTH POSTBANSHEE

Paste Plant

ExhaustsServiceShaft

Betze Portal 2(to N. Post)

Betze Portal 1(to Rodeo)

4,500 ft

4,000 ft

3,500 ft

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Underground Sequencing

N

BANSHEE

MEIKLE RODEO

NORTH POST

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Processing Facilities

Treats oxide / single refractoryore with acidic/alkaline POX

2014E cost: $40 per ton2013 cost: $47 per ton2014E average recovery: 59%2013 average recovery: 57%

Double refractory and carbonaceous ore

2014E cost: $24 per ton2013 cost: $22 per ton2014E average recovery: 86%2013 average recovery: 85%

Autoclaves (12,000 tpd)(1)

Roaster (16,000 tpd)

(1) Following modifications.

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Roaster Flowsheet

CRUSHING

GRINDING

2 stage fluid bed

ROASTING

LEACHING

GAS CLEANING

2 stages

Dry Grinding. Double Rotators

Carbon in leach circuitTailingspond

Neutralization

Hg removal

SO2 Scrubbing

CO, NOx reduction

CALCINETHICKENER

Wet ESP

Particulate removal and Condensers

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Autoclave Flowsheet

ORE & WATER

MillingFeed Thick

Autoclave Neutralization

CIL(Carbon in Leach)

Tailings Facility (North Block)

Gold Strip

EW

Dore

loaded

barren

Lix Kill

EW Barren

Replaced by TCM

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Opportunities: TCM (Total Carbonaceous Material)

March 2014

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What is TCM Leach?

TCM = Total Carbonaceous Material

TCM Leaching is the process of leaching and recovering gold in the presence of TCM

Traditional Leaching Process– Cyanide (NaCN) is the leaching chemical,– Coconut shell carbon adsorber

TCM Leaching Process – no cyanide required– Calcium Thiosulfate (CaTS) is the leaching chemical– Gold leached does not adsorb onto the TCM– Resin as the adsorber

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Opportunities: TCM Leaching

Autoclaves being modified with patented leach process to treat stockpiled ounces that previously could only go through roasterAccelerates 4.0 million ounces from end of mine lifeExpected to contribute 0.35-0.45 million ounces per year in first full 5 years of operationOn schedule for Q4 2014; ramp up period ~1 yearCapital cost: $585 millionOperating costs: ~$46 per ton, similar to current processing costs

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TCM Flowsheet

ORE & WATER

Reagents, Oxygen, HeatMillingFeed Thick

Autoclave Neutralization

RIL(Resin in Leach)

Tails Thick

New TSF

Water Treatment

Reagent Recycle

Grit Return

Gold Elution

EW

Dore

Thiosulfate Storage

loaded

barren

Lix Kill

Reclaim H2O

Solution Recycle

EW Barren

Elution Reagents

Resin RegenSystem

Reagent Recycle

Grit Screen

Thiosulfate Manufacture

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Goldstrike – Outlook(1)

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2014E production: high end of 865,000-915,000 ounce range2014E AISC: low end of $920-$950 per ounce range(2)

Patented thiosulfate process on schedule for Q4 2014Production expected to be over 1.0 million ounces in 2015

(1) See final slide #3. (2) See final slide #2.

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Opportunities: South Arturo JV

Betze-Post

Meikle

South Arturo(60% ABX/40% Goldcorp)

Goldstrike Camp40.6 Moz Production to date10.7 Moz P&P(1)

2.2 Moz M&I(1)

0.5 Moz Inferred(1)

(1) See final slide #1

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South Arturo Development Plan

EIS Approval: May 2014

Capital cost: ~$35M(1)

Start up: end of 2015

First phase: total of 0.44 Moz(1) in 2016-2017

Mining costs: ~$1.65/ton

Recovery: 86%

Ore will be treated through Goldstrike’sprocessing facilities

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Opportunities – Exploration(1)

Western Betze Pit Expansion – 2015 MinEx programs with

2016 follow-up

Betze Highwall UG opportunities– Latite, JB1, 4NW– 2015 MinEx programs– Geologic mapping and in-pit RC

drilling with Cubex

Exploration below 3,600 feet– Extend the mine life– Drill opportunities between

Lower Rodeo and North Post

WesternLatite

JB1, 4NW

North Post

Lower Rodeo

(1) See final slide #4.

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Opportunities – Operational Excellence

Natural gas conversion Paste backfill In-sourcing initiatives Inventory optimizationFleet optimization

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Footnotes

1. As of December 31, 2013. Calculated in accordance with National Instrument 43-101 as required byCanadian securities regulatory authorities. For a breakdown, see pages 29-37 of Barrick’s 2013 Form40-F/Annual Information Form.

2. All-in sustaining costs per ounce (“AISC”) is a non-GAAP financial performance measures with nostandardized definition under IFRS. See pages 46-51 of Barrick’s Second Quarter 2014 Report.

3. 2014 guidance is based on gold, copper, silver and oil price assumptions of $1,300/oz, $3.25/lb,$20/oz, and $100/bbl, respectively, a AUS:US exchange rate of $0.91 and an ARS:US exchange rateof 8.5:1.

4. Barrick’s exploration programs are designed and conducted under the supervision of Robert Krcmarov,Senior Vice President, Global Exploration of Barrick.

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Appendix

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Development History

Goldstrike deposit discovered in 1962American Barrick acquires Goldstrike in 1987Rodeo and Meikle discovered in 1988Autoclaves first commissioned in 1990Meikle underground production begins in 1996Roaster commissioned in 200030 millionth ounce produced in 2006 and 40 millionth ounce produced in 2014

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Geology

Carlin Trend one of North America’s most prolific gold-producing area

Basic geology of northern trend with gold deposits shown in red

Devonian PopovichFormation is rincipal ore host at Betze-Post

Gold is mainly located within hydrothermal arsenian pyrite, and is associated with As, Sb, Hg, and Tl

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Open Pit Mining Fleet / Equipment

2 x 4100 Electric Shovels

2 x 2800 Electric Shovels

1 x 5500 Hydraulic Shovel

35 x 930 E Komatsu Trucks (290 tons)

Support Equipment

7 Drills

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Underground Fleet / Equipment

3 shafts– Meikle production– Rodeo service– Personnel

2 portals from open pit

250 pcs mobile equipment

2 fully equipped UG shops

2 cooling plants

5 Main Fans – 3.0 M CFM