Slide 1: Combined North Mara and Bulyanhulu advance towards Tier One status
Combined North Mara and Bulyanhulu advance towards Tier One status…
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 Barrick’s strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statem
Slide 3: 2021 Highlights
2021 Highlights… Significant progress at North Mara and Bulyanhulu since Barrick assumed operational control in 2019 2021 First in 2017 2019 2019 2019 2020 2020 2020 2020 2021 2021 Africa January May October photon Acacia, New Barrick TWIGA UG mining Tanzanians Buzwagi formerly Minerals Framework Ba
Slide 4: 2021 Highlights
2021 Highlights… Operations advance towards Tier 1 status1 delivering combined production of 521,119ozi in 2021 (North Mara 309,529oz, Bulyanhulu 211,590oz) North Mara and Bulyanhulu on track to significantly grow mineral reserves net of its depletion at the end of 2021 Exploration footprint increas
Slide 5: 2021 Highlights
2021 Highlights… Bulyanhulu on track to achieve International Cyanide Management Institute (ICMI) accreditation, with phase 2 of the project expected to commence in 2022 which, at completion, will reduce cyanide and Sodium Metabisulfite (SMBS) consumption at the downstream process Operational perfor
Slide 6: North Mara…Operational Improvements
North Mara…Operational Improvements Ounces Produced in 2021i Koz North Mara continued to stretch and improve its 90 operations with record underground production 80 and continued throughput improvements quarter- on-quarter and year-on-year 70 Trend is expected to continue as we invest in 60 addition
Slide 7: Bulyanhulu…Operational Improvements
Bulyanhulu…Operational Improvements Ounces Produced in 2021i Bulyanhulu transitioning into steady state in 2022 Koz 70 with the successful step change in Q4 2021 - one year after the restart of the underground 60 mine 50 75% ore in doré extracted compared to the historic trend of around 50% and show
Slide 8: Total Capital Investments
Total Capital Investments… Key capital projects since acquisition include: Successful restart of Bulyanhulu underground and the Total Capital Investment by Mine (2019 - 2021) related feasibility significantly extending the LOM US$ million Water Treatment Facilities at North Mara USD 3 Various drilli
Slide 9: Buzwagi Closure Update
Buzwagi Closure Update… Updated Mine Closure Plan submitted to the Mining Commission - approval pending Progressive rehabilitation has progressed and the process plant cleaned and fully decontaminated FY 2021 Rehabilitated in Q4 Rehabilitated YTD Rehabilitation target 2021 Tree planting - 69,235 pla
Slide 10: Safety
Safety… Safety TANZANIA LTIFR3 2019 - 2021 0.36 Two lost time injuries (LTIs) recorded in Q4 2021 0.35 No significant environmental incidents in Q4 2021 0.35 Total recordable incident frequency rate (TRIFR2) of 0.34 0.51 down from 1.12 in 2020 0.34 91% (263/290) of contractors and operators at North
Slide 11: Health
Health… Health Malaria Incidence Rate 2019 - 2021 Covid-19 14 12.27 26.45% of our workforce have already been partially 11.87 vaccinated and 20.25% fully vaccinated 12 Reinforced Covid-19 protocols and the roll-out of vaccines to its workforce 10 7.96 Malaria 8 MIR (%) A drop of malaria incidence ra
Slide 12: Community and Sustainability
Community and Sustainability… Supported community health initiatives - malaria program, TB, cervical cancer screening and health facilities Investment around our mines includes: Reproductive and Child Health buildings, Outpatient Department buildings, 2 pharmacy blocks, 2 laboratories, 4 mortuaries,
Slide 13: Investment in the Community since 2019
Investment in the Community since 2019… Sports Sponsorship 3% Economic Development Road Infrastructure 9% 13% Sports Sponsorship Road Infrastructure Water & Power Projects 11% US$6.7 million Spent Economic Development Others (Community engagement) Education Water and power projects 10% 37% Health Ed
Slide 14: Local Content Spend
Local Content Spend… Key Achievements Challenges Total local spend is at 73% and indigenous spend is at 45% during Q4 2021, against our annual target of 40% Absence of Vendor database from the mining commission – ITC verification as per local content regulation Continued to strengthen relationship w
Slide 15: Commitment to Employment of Nationals
Commitment to Employment of Nationals… Expat Employees Key Achievements: 96% Tanzanian workforce - 41% hired from National 1% the community surrounding the mines Employees National Contractors 64% of senior management are Tanzanian Female employees form 12% of total headcount, compared to 10% in 202
Slide 16: Overall Economic Contribution
Overall Economic Contribution… Since assuming operational control Split of Total In-country Investment 2019 – 2021 Salaries US$ 133m Total in-country investment amounts to 7% US$1.828 billion since September 2019, when Barrick assumed operational control of Acacia Specific to the FY2021, Barrick pai
Slide 17: Exploration: Growth opportunities in North Mara and Maji Moto
Exploration… Growth opportunities in North Mara and Maji Moto North Mara New Prospective Corridor N +5km extension of porphyries and sediments along Utimbaru structural corridor North Mara: New geology models at both Ochuna Conceptual Resource Ochuna Tagota Ochuna and Rama - resource Area identified
Slide 18: Exploration: Expanding Discovery Potential at Bulyanhulu
Exploration… Expanding Discovery Potential at Bulyanhulu Acquisition of 143km2 of highly prospective ground on extensions to Bulyanhulu Acquisition of 6 exploration permits from Tembo Gold Corp, added New Permits additional 143km2 of highly prospective ground to the Bulyanhulu portfolio (red outline
Slide 19: Exploration: Expected Increase in 2021 Mineral Reserves at Nyabirama
Exploration… Expected Increase in 2021 Mineral Reserves at Nyabirama Ore Shoot Footwall Fault Controls Late Intermediate Dyke Northern Limit of North Mara: Nyabirama Syn-Mineralisation Fault N Mineralisation 7,600Albite-Quartz-Sericite N Alteration New Geology Model completed with Mafic to Ultramafi
Slide 20: 2022…the Year Ahead
2022…the Year Ahead Consolidation of licences in areas of interest to Barrick to continue positive trend in resource conversion and exploration since takeover Maintaining the combined Tier 1 production profile with Bulyanhulu achieving steady state and North Mara expanding opencast Continue to focus
Slide 21: Endnotes Technical Information
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, 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. Total recordable incident frequen