Barrick Mining Corporation · TSX:ABX
Barrick Mining — Barrick Gold — Q3 2008 Earnings Presentation
7 slides from Barrick Mining's earnings presentation, Oct 30, 2008
Slide 1: Third Quarter Results Conference Call
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Strategy Investment Execution Results Third Quarter Results – October 30, 2008 CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION Certain information contained in this Third Quarter Report 2008, including any informatio
Slide 2: Q3 2008 Highlights
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Q3 2008 Highlights Cash margins up 28% to $406 per ounce Net income of $0.29 per share ($0.40 per share before special items) (1) Operating cash flow of $0.62 per share Significant progress on 3 advanced projects
Slide 3: Competitive Costs
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Competitive Costs Barrick Margins and Cash Costs(1) US$ per ounce Third Quarter Year-to-date $872 $872 $895 $895 406 495 463 577 ~80% of industry Margin Margin production is at cash costs(2) higher than Barrick’s ytd $
Slide 4: Key Cost Drivers - Commodities; Financial Strength
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Key Cost Drivers - Commodities WTI Oil Steel Sulfuric Acid US$ per barrel US$ per tonne US$ per tonne $147 $525 ~$400 DOWN DOWN 52% ~$70 DOWN ~50% ~$200 56% ~$230 PEAK CURRENT PEAK CURRENT PEAK CURRENT 2008 LEVEL 2008 LE
Slide 5: Low Refinancing Risk; Q3 2008 Production
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Low Refinancing Risk Barrick Debt Repayments US$ millions at September 30, 2008 568 92 76 50 24 18 2008 2009 2010 2011 2012 2013 No significant debt maturities prior to 2013 Q3 2008 Production ounces thousands North Am
Slide 6: Advanced Projects Contribution; In Closing
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Advanced Projects Contribution 3 most advanced projects all on schedule and tracking budget 1.75 3.5-year Pueblo construction 1.50 Viejo period 1.25 1.00 0.75 Cortez Production H1 2010 ~1.9 M oz Hills of lower cost pro
Slide 7: Footnotes
BARRICK GOLD CORPORATION Third Quarter Results Conference Call October 30, 2008 Footnotes 1. Total cash costs is defined as cost of sales divided by ounces of gold sold or pounds of copper sold. For further information on this operating performance measure see pages 31-33 of the Company’s MD&A. 2. N