Slide 1: Kibali continues to deliver… opportunities for more
Operated by Kibali continues to deliver… Kinshasa, July 2021 opportunities for more
Slide 2: Cautionary Statement on Forward-Looking Information
Cautionary Statement on Forward-Looking Information… Certain information contained in this presentation, including any information as to Barrick’s strategy, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of histori
Slide 3: Our Global Business
Our Global Business… As of December 31, 2020 In April 2020, Porgera was placed on care and maintenance. Porgera’s ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021
Slide 4: Investment and Reinvestment… growing the pie
Investment and Reinvestment…growing the pie Barrick explores opportunities to grow the pie Visible contributions directly for all stakeholders in the DRC in the area of the project: $ 185.3m Initial capital investment for phase 1 and Salaries 2 development of Kibali…$2.7 Bn $ 494m (excludes ongoing
Slide 5: Q2 update… delivering on the 2021 business plan
Q2 update… delivering on the 2021 business plan Kibali on track to deliver on production guidance for the year In continued partnership with the DRC health authorities, Covid-19 vaccinations started in Q1 for Kibali employees and contractors – currently 582 (11%) vaccinated compared to 0.06% country
Slide 6: Covid-19
Covid-19… Vaccination programme started at Kibali site with the support of the Government health authorities Currently 582 employees (11%) vaccinated compared to 0.06% countrywide Kibali’s donation to fight Covid-19 since its onset in 2020 now over $ 2.5m Partnership with the National Laboratory Ins
Slide 7: Safety, environment and bio-diversity
Safety, environment and bio-diversity… Safety LTIFR1 Zero Lost Time Injuries (LTI) recorded during Q2 7 Lost Time Injury Frequency Rate (LTIFR) in Q2 2021 of 0.00 vs 0.63 in Q1 2021 6 Occupational Health and Safety legal audit conducted during Q2 5 Environment ISO 14001 accreditation maintained 4 Ov
Slide 8: Health
Health… Malaria Incidence Rate (%) Malaria 150 Recorded malaria incidence rate of 5.78% in Q2 2021 vs 6.4% for the 125 same period in 2020 100 75 Indoor Residual Spraying in the camp, within exclusion zone, junior 50 village and surrounding villages 25 Hot Fog fogging in the villages 0 2011 2012 201
Slide 9: Kibali Underground
Kibali Underground… Underground Mine Production2 922kt ore mined in Q2 2021 Delivery of 856kt ore through the shaft 2,557m of development in Q2 2021 Paste plant achieved volumes of 359,549m3 in Q2 2021 UG ore tonnes Q2 20212 Development metres Q2 20212 500 Ore tonnes hoisted - shaft Ore tonnes mined
Slide 10: Plant Performance
Plant Performance… Plant Throughput2 Recovery 90.3% Q2 2021 1,993 89.3% Q1 2021 1,986 88.3% Q4 2020 1,949 Q3 2020 1,916 87.3% 89.9% 90.3% 89.5% Q2 2020 1,905 86.3% Q1 2020 1,863 85.3% 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 2,000 Apr May Jun 1,993kt treated at a milling rate of 480tph - Cons
Slide 11: Power Generation… Hydro / Diesel Power Blend
Power Generation… Hydro / Diesel Power Blend Kibali Total Power Generation MW $/kWh 40 0.30 35 0.25 30 0.20 25 20 0.15 15 0.10 10 0.05 5 0 - Hydro Diesel Cost
Slide 12: Predictive power maintenance system
Predictive power maintenance system… Data from past failures and breakdowns are used to construct failure signatures which are constantly compared to the normal operation diagnostics from the 3 hydropower generation stations Allows detection of anomalies in the operating parameters and prediction of
Slide 13: Resource Replacement Pipeline
Resource Replacement Pipeline… N Ikamva Tete Bakangwe Kalimva Results confirm potential for near mine OC Kalimva opportunity – resource drilling in progress Drilling confirms high grade shoots extend at least a further 100m down plunge. Now testing for 400m extension along wider structure. Grades su
Slide 14: Kalimva down plunge underground opportunity
Kalimva down plunge underground opportunity… resource addition down plunge confirmed Long section - lithology intersections with host shear HW Southern Plan Central N Shoot Northern CS $1200 pit view Shoot Shoot Shoot Controlled by intersection of Controlled by host shear with intersection of host C
Slide 15: Kibali Employees in Q2 2021
Kibali Employees in Q2 2021… National Casuals 162 (3%) Expat Expat Employees Contractors 217 (4%) 120 (2%) National Employees National 1,666 (31%) Contractors 3,176 (60%)
Slide 16: Local contractors and supply strategy… more than CSR
Local contractors and supply strategy… more than CSR Total of $73.8 million spent on local contractors YTD with an additional $38 million during Q2 2021 Ongoing civil construction and roadworks performed by Congolese contractors (IOB, TES and BTC) Partnership with Congolese engineering contractor (T
Slide 17: Committed to our partnership philosophy
Committed to our partnership philosophy… local and international spendi Specialist contracts Construction General services Total contract Shaft sinking contract and supply chain spend Underground mining contract Master drilling $ million $ million $ million $ million 3,000 300 1,200 4,000 2,500 3,50
Slide 18: Kibali makes a difference… Q2 2021
Kibali makes a difference…Q2 2021 Education/Capacity building >$2.6m spent to date and more than 30 primary schools built Bursary scheme granted to 71 students from different universities in DRC Training and capacity building provided to Pamao community Health/Potable water $1.3m spent on water supp
Slide 19: Some of our achievements
Some of our achievements… Educational visit of students at the Azambi hydropower station Water reticulation system
Slide 20: Agribusiness… local supply to Kibali
Agribusiness…local supply to Kibali Agribusiness Donation of maize, rice and bean seeds to cooperatives for the Kalimva-Ikamva food security program Renzi Garden: planting for the new season in progress Gardening activities
Slide 21: Growing the pie… opportunities for all stakeholders
Growing the pie…opportunities for all stakeholders DRC Copper Production DRC Gold Production 1400 70 Metric tonnes Metric tonnes 1200 60 1000 50 800 40 600 30 400 20 200 10 0 0 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2002 2003 2004 2005 2006 200
Slide 22: Endnotes
Endnotes… 1. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked. 2. On a 100% basis. 3. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Proj
Slide 23: Appendix A – Kibali Significant Intercepts
Appendix A – Kibali Significant Interceptsi Drill Results from Q1 2021 Includingiv i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; Lode IDii Type Azimuth Dip From To Width Au (g/t) Interval (m) Width Au minimum intercept width is 2m; internal dilution is equal to or less Int