Slide 1: Clear vision drives change…
Clear vision drives change… Indaba, February 2020
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information 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, o
Slide 3: Disciplined and thoughtful strategy secures six Tier 1 mines
Disciplined and thoughtful strategy secures six Tier 1 mines1… BARRICK - RANDGOLD NEVADA JV EXECUTION and DELIVERY Massawa divestiturei KCGM divestiture Acacia acquisition Consolidate management of world’s largest gold complex Additional Tier 1 asset1 and more synergies Opportunity and synergy ident
Slide 4: Focussed on best people, best assets delivering value for all stakeholders
Focussed on best people, best assets delivering value for all stakeholders… What We Outlined One Year Ago What We have Achieved Formed Nevada Joint Venture - premier synergy creation Focus on Tier One Gold Assets1 and strategic assets Pueblo Viejo plant expansion – studies are advancing Nevada JV
Slide 5: Global footprint with world class assets
Global footprint with world class assets… Tier 1 Mines1 operated by Barrick Potential Tier 1 Mines1 in Barrick portfolio 15.3% 15.7% 17.3Moz 17.8Moz Turquoise 1.8% Ridge (61.5%) Carlin 2Moz 18.2% Cortez (61.5%) (61.5%) 20.6Moz 0.6% Pueblo 0.6Moz Viejo (60%) 21.9% 24.8Moz Loulo- 15% Gounkoto Kibali (
Slide 6: Barrick's Tier 1, 10 year focus in contrast to forecast industry decline
Barrick’s Tier 11, 10 year focus… in contrast to forecast industry decline Industry facing production precipice Very few companies able to deliver value growth in this environment 000 oz Gold supply by region 120,000 100,000 80,000 60,000 40,000 20,000 0 2009 2010 2011 2012 2013 2014 2015 2016 2017
Slide 7: Barrick's 10 year vision built on 5 year foundation
Barrick…People, Partnerships and Sustainable Profitability Barrick’s 10 year vision built on 5 year foundation Automation - Newtrax Efficiencies reducing carbon footprint water Licence to operate our partnerships sustainability Hydropower DRC Minister of Mines
Slide 8: Barrick…ESG is a strategic imperative both morally and commercially
Barrick…ESG is a strategic imperative both morally and commercially Environmental, Social and Governance (ESG) – a broad term addressing associated risks that may impact a company’s ability to sustain its business over the long term The environmental aspect of ESG receives a lot of airtime but the “
Slide 9: Looking ahead for the long term… opportunities and strategic objectives
Looking ahead for the long term… opportunities and strategic objectives Donlin Gold (50%) Loulo-Gounkoto Nevada Gold Mines Mining depletion replacement to Operational delivery: progress maintain 10 year operating plan; Goldrush feasibility study and realisation of scheduled synergies Gounkoto underg
Slide 10: Barrick…a stand out value proposition
Barrick…a stand out value proposition 210 Barrick Other Senior Gold Producers Gold US$ Spot S&P 500 190 U.S. Agg. Bond Index Dollar Index Copper Oil +79% 170 +70% 150 130 +31% +12% 110 +8% +4% 90 (8%) 70 (23%) 50 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 M&A Barrick / Pan Am Newmont / Nevada JV - Ch
Slide 11: Endnotes
Endnotes 1. A Tier One Gold Asset is a mine with a stated life in excess of 10 years, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. 2. “Free cash flow” (FCF) is a non-GAAP financial perfor