Slide 1: Mali…two decades of value creation
Mali Mali…two decades of value creation 1
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: The leading African gold miner…
The leading African gold miner… Jabal Sayid (50%) Loulo-Gounkoto (80%) Morila (40%) Massawa (83.25%) Kibali (45%) Tongon (89.7%) North Mara Lumwana (63.9%) Bulyanhulu Buzwagi Gold production Projects Acacia (63.9% Barrick) Copper production
Slide 4: West Africa…two decades of delivery
West Africa…two decades of delivery 2012 2013 2014 2015 2016 2017 Record production Loulo Complex Production +1.2Moz +1.25Moz Gounkoto Morila mine life record exceeds 1Moz group group super pit extended production LTIFR down 18% production production starts 2011 2019 Randgold – Barrick Gounkoto merg
Slide 5: Safety, health and environment…Mali
Safety, health and environment…Mali YTD LTIFR/million hours worked 1,4 Safety 1,2 1 Mines migrated from OHSAS 18001 to ISO 45001:2018 Safety 0,8 Management System 0,6 Proactive management of health and safety risks under the guidance 0,4 of a strong safety leadership to decrease LTIFR at all mine si
Slide 6: Safety, health and environment…Mali
Safety, health and environment…Mali HIV HIV Positivity Rate % 2,00 NGO engaged to work in the surrounding villages 1,80 1,60 HIV/AIDS programme continues with intensified outreach awareness 1,40 and voluntary counselling and testing (VCT) of employees and local 1,20 1,00 communities 0,80 0,60 Preven
Slide 7: H1 2019 update…Loulo-Gounkoto
H1 2019 update…Loulo-Gounkoto 343 336 ounces of gold total production in H12 Above nameplate throughput and nameplate recovery achieved 2 lost time injuries recorded Further exploration work to add reserves and replace depletion 20 MW solar project construction underway Agricultural college has prod
Slide 8: 2019…progress towards delivering on business plan
2019…progress towards delivering on business plan Gold production on track to meet 2019 guidance of 690 000oz1,2 Completed stress analysis work on Yalea - stopes rescheduled and redesigned to deliver budget Project of fibre backbone installation in preparation for the Ramjack system to reduce power
Slide 9: Loulo UG development and mining…
Loulo UG development and mining… Q2 UG ore tonnes mined2 Tonnes 000 230 677Kt ore production achieved in Q22 210 Overall mining compliance improved to mid 80% 190 2 additional national Jumbo trainees put through the underground training program 170 2.9km of lateral development achieved in Q2 150 Was
Slide 10: Gounkoto standalone…
Gounkoto standalone… Ore tonnes Q2 20192 1,021Kt ore production achieved in Q22 Robust in pit dewatering plan and surface water management system in progress to keep working areas dry during the rainy season Digshot training being completed for improvement in blasting coupled with electronic initiat
Slide 11: Loulo-Gounkoto…
Loulo-Gounkoto… actual plant performance Tonnes 00012 Recovery 1400 95,0% 1200 92,5% 1000 90,0% 800 87,5% 600 85,0% 400 82,5% 200 80,0% Q2-2018 Q3-2018 Q4-2018 Q1-2019 Q2-2019 Tonnes processed (kt) Recovery (%) 11
Slide 12: Loulo-Gounkoto Complex…
Loulo-Gounkoto Complex… combined gold produced2 koz 800 700 600 500 400 300 200 100 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Forecast Loulo Gounkoto koz 12
Slide 13: Loulo power generation…
Loulo power generation… HFO / diesel power blend Total energy generated MWh Unit Cost $/kWh 40 000 0,20 35 000 30 000 0,15 25 000 20 000 0,10 15 000 10 000 0,05 5 000 - 0,00 Jan-18 Apr-18 Jun-18 Jul-18 Aug-18 Sep-18 Jan-19 Apr-19 Jun-19 Mar-18 Mar-19 Feb-18 May-18 Oct-18 Nov-18 Dec-18 Feb-19 May-19
Slide 14: Yalea Transfer / Panel Zone…
Yalea Transfer / Panel Zone… testing further shoots Gold g/t YaDH137 YaDH129 YaDH128 YaDH139 (TW) YaDH136 (TW) Assays Pending Assays Pending Assays Pending 19.00m @ 14.13g/t >8.00g/t 21.50m @ 0.65g/t 4.00-8.00g/t 3.00–4.00g/t Inferred YaDH123 0.70–3.00g/t YaDH134 resource 4.50m @ 16.13g/t <0.70g/t S
Slide 15: Gounkoto MZ2 / MZ3…identifying new opportunities
Gounkoto MZ2 / MZ3…identifying new opportunities GKUGDH004 (TW) GKUGDH008 GKUGDH005 (TW) 10.16m @ 5.80g/t Assays Pending 9.50m @ 3.19g/t MZ1 MZ2 MZ3 GKUGDH011 (TW) 5.32m @ 1.66g/t HG shoot potential at MZ2, MZ3 Super pit and emerging MZ2NE shoot GKUGDH002 (TW) ($1000) MZ2: 10.27m @ 3.47g/t (GKUGDH00
Slide 16: Gounkoto Underground Prefeasibility Study Completed…
Gounkoto Underground Prefeasibility Study Completed… Base Case (Upper Portal in Saddle) Commence Construction 2020 Mine life: 75 months 2018 Probable Mineral Reserve of 2.3Mt @ 5.48g/t for 407koz3 Feasibility update underway in 2019 For additional detail regarding Loulo-Gounkoto, see the Technical R
Slide 17: Loulo District…newly emerging gold corridors
Loulo District…newly emerging gold corridors Regolith Map N Deposit Loulo Exploration Target permit Depositional Mali Erosional Low laterite Senegal Gounkoto Mid-high laterite Transported laterite permit Erosional slopes Bena permit Colluvium Follow up RC drilling planned to test continuity of Resid
Slide 18: More than 20 years in Mali with continuous reinvestments
More than 20 years in Mali with continuous reinvestments in the country Yatela Ten orebodies discovered Sadiola MALI and mined since 1996 KKI Committed at reinvesting in exploration for internal Loulo MALI growth Tabakoto Gounkoto Bena BAMAKO Overall focus of activities in Fekola Bakolobi the KKI Ar
Slide 19: Loulo - Gounkoto…development of local skills
Loulo - Gounkoto… development of local skills Total Employees: 4 424 Contractors Nationals: 4 225 (95%) Expats Expats: 199 (5%) 80 (2%) Mine Expats Mine 119 (2%) Nationals Perm. 1 656 (37%) Contractors Temporary Nationals Nationals 2 284 (52%) 285 (6%) 19
Slide 20: Randgold Resources... contribution to Mali economy
Randgold Resources... contribution to Mali economy Randgold operations have contributed US$ 6.5 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers in the 23 last years Contribution to Malian % Contribution to Malian GDP Economy 10% LOULO 9% GOUNKO
Slide 21: Dividends and Taxes paid to State of Mali...
Dividends and Taxes paid to State of Mali... Randgold operated mines have paid US$ 2.6 billion in the form of Dividends and Taxes to the State over 23 years DIVIDENDS TO DIVIDENDS, TAXES RANDGOLD AND ROYALTIES TO US$ 966 million STATE US$ 2.6 billion
Slide 22: Loulo-Gounkoto CSR…governance and stakeholder engagement
Loulo-Gounkoto CSR…governance and stakeholder engagement Education Potable water 78 local students benefiting from 57 boreholes and 4 water supply the Excellence bursaries program systems constructed 19 schools built Regular water quality analysis with School enrolment >5,000 students annual feedbac
Slide 23: Loulo-Gounkoto community development…
Loulo-Gounkoto community development… >$6.4m invested to date; $21m patent levy invested in communities Health 10% Education Economic 18% Projects 50% Potable Water 7% Agriculture 15% 23
Slide 24: Morila Closure…
Morila Closure… Operations focus more on closure – leaving a sustainable environment Tailings dam reclamation and footprint rehabilitation Rehabilitation of disturbed areas Reduction of personnel Agribusiness as an alternative luse of land and infrastructure – leaving a vibrant local economy Quarter
Slide 25: Morila agropole development…
Morila agropole development… Poultry – meat and eggs Honey Fish Gardens Mango – outgrowers program started Partnership with local agribusiness school Next steps Outgrowers programs – gardens, fish, poultry, honey Finding a third party agropole development party e.g. CNPM, Masscorp/API Poultry farmin
Slide 26: Illegal mining…
Illegal mining… Issues Invasion of permits and mining areas Use of mechanical equipment causing severe damage Dredging the river State not enforcing the law Use of dangerous chemicals (cyanide & mercury) Major environmental damage: siltation and contamination of river and ground water Security and s
Slide 27: Endnotes…
Endnotes… 1. Midpoint of published guidance range. (520-570koz; 80%) 2. 100%. 3. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2018, unless otherwise noted. Complete mineral reserve and mineral reso
Slide 28: Appendix A - Yalea Transfer and Panel Zones drill results
Appendix A - Yalea Transfer and Panel Zones drill results Significant results1 1. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less than 2m total width. 2. Transfer/Panel Zone drill hole nomenclature: prospect i
Slide 29: Appendix B- Gounkoto MZ2/MZ3 drill results
Appendix B- Gounkoto MZ2/MZ3 drill results Significant results1 1. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less than 2m total width. 2. Gounkoto drill hole nomenclature: prospect initial GK (Gounkoto), GKUG