Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Q4 2008 Earnings Presentation
10 slides from Barrick Mining's earnings presentation, Feb 20, 2009
Slide 1: Fourth Quarter 2008 Results Conference Call / Webcast
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Fourth Quarter 2008 Results Conference Call / Webcast February 20, 2009 CAUTIONARY STATEMENT ON FORWARD‐LOOKING INFORMATION Certain information contained in this presentation, including any information as to our s
Slide 2: Fourth Quarter Results: 2008 Highlights
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Fourth Quarter Results Aaron Regent Peter Kinver Alex Davidson Jamie Sokalsky Patrick Garver President and C.E.O. Executive Vice President Executive Vice President Executive Vice President Executive Vice President
Slide 3: 2008 Results and Fourth Quarter Results
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 2008 Results Record Cash Flow Net Income Adjusted Net US$ millions 2,206 US$ millions Income(1) 1,661 US$ millions +27% 1,732 +60% 1,119 1,036 785 -30% 2007 2008 2007 2008 2007 2008 (1) Refer to final slide point
Slide 4: Financial Strength and Bullish on Gold
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Financial Strength Only ‘A’ rated balance sheet in the gold industry Cash balance of $1.4 billion $1.5 billion undrawn line of credit Net debt of $2.9 billion Debt to total capitalization of 0.22:1 Bulli
Slide 5: Production Guidance and 2009 Guidance
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Production Guidance ounces millions 7.7-8.1 Expecting higher production and lower costs in 2010(1) 7.2-7.6 2009 2010 6.5 (1) Refer to final slide point #5 2009 Guidance Copper production: 375 - 400 Mlbs Copp
Slide 6: Competitive Costs: Global Cash Costs
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Competitive Costs Global Cash Costs(1) 1200 1000 Assumed Spot Price (~$900) 800 $438 Barrick 2009 600 Margin US$/oz $450-$475 Barrick 2009 Total Cash Costs 400 200 0 0% 20% 40% 60% 80% 100% Source: GFMS – Gold Sur
Slide 7: Competitive Costs and Q4 2008 Production
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Competitive Costs Global Cash Costs(1) 1200 1000 Assumed Spot Price (~$900) 800 $438 $528 Barrick Barrick 2009 600 2009 Margin US$/oz Margin 400 $360-$385 with full credit for non-gold sales(2) 200 0 0% 20% 40% 60
Slide 8: Advanced Projects Update and Grew P&P Reserves
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Advanced Projects Update Cortez Hills (expect first gold - Q1 2010(1)) 1 Moz/year(2) at ~$350-$400/oz(2,3) In line with $500 M pre-production capital budget Pueblo Viejo (expect first gold – Q4 2011) +25 yea
Slide 9: Grew M&I Resources and 2009 Exploration Budget
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 Grew M&I Resources(1) ounces millions 65.0 M&I resources increased 14.4 net 29% addition 50.6 32.5 8.X addition Grew inferred resources by 2.8 Mozs depletion 18.1 depletion 2007 2008 (1) Refer to final slide p
Slide 10: In Closing
Barrick Gold Corporation Fourth Quarter 2008 Results Conference Call February 20, 2009 In Closing Positive on the outlook for gold Exceptional leverage to the gold price – largest production and reserves Strong track record of reserve replacement Advanced projects on schedule – lower cost pr