Slide 1: World class mines. World class people.
World class mines. World class people. NYSE: GOLD TSX: ABX Investor Presentation Presented in August 2024
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,
Slide 3: A World-Class Global Mining Company
A World-Class Global Mining Company… Best gold company Building a Tier One1 copper business Investing in growth Significant portfolio of Balance Sheet Strength A3 #1 gold and Net leverage2 near zero Moody’s credit rating Barrick is the largest gold copper Highest in the gold industry producer
Slide 4: Our Global Presence
Our Global Best portfolio of Tier One1 gold assets and Presence doubling copper exposure by 2029 Donlin Geographical (50%) CANADA distribution of 2023 Loulo- Gounkoto gold production Phoenix (61.5%) Fourmile 100% Hemlo 80% USA 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turqu
Slide 5: Key Growth Projects to enhance current production and add to our reserve base
Key Growth Projects to enhance current production and add to our reserve base… GOLDRUSH, NGM JV (61.5%) FOURMILE, Nevada (100%) PUEBLO VIEJO JV (60%) Ramping up to annual production >400,000oz Prefeasibility study decision by end 2024. Drill results Plant and TSF capacity expansions extend life of (
Slide 6: Fourmile…Tier 1 asset in the making
Fourmile…Tier 11 asset in the making N Long Section looking East Au g/t S 15 2024 drilling Vent raise on track for 10 Goldrush development design completion Q4 2024 7 6 2023 Fourmile indicated resourcei 3 2023 Fourmile inferred resourcei FM22-181Di: 18.0m @ 29.67g/t and 31.7m @ 33.67g/t Ordovician V
Slide 7: Barrick continues to deliver reserve growth
Barrick continues to GOLD RESERVES Moz3 deliver reserve growth… 90 80 Delivered unparalleled growth of reserve 70 base maintaining the highest gold reserve 60 grade amongst peers 50 Since year-end 2019: Organically replaced over 140% of mined 40 76 77 gold reserves, adding almost 29Moz of 69 68 69 3
Slide 8: Industry-Leading Shareholder Alignment
Industry-Leading Cumulative Shareholder Returnsi Shareholder Alignment 5,000 US$ millions Since 2019 - $4.9 billion returned to 4,500 shareholders in the form of dividends, returns of capital, and share buybacks 4,000 Clear dividend policy driven by cash balancei 3,500 Quarterly base dividend of $0.
Slide 9: Contributing to the SDGs
Contributing 97% 57% 74% 21% 26,000 Employees are Employees from Senior manager Women in Employees to the SDGs host country nationals communities surrounding the are host country nationals Management Positions across the globe mine Barrick pioneers Biodiversity Assessment Impact Tool Marjarita River
Slide 10: What is Barrick's True Value?
What is Barrick’s True Value?... Nevada Gold Mines - 2023 Gold Production (koz) Barrick Copper - 2023 Copper Production (Mlbs)8 The Largest Gold Complexi in the best Jurisdictionii globally A strong copper business with two large growth projects 3,033 2,798 Investment Attractiveness Reko Diq Line 2
Slide 11: Showcasing the unrealized value
Showcasing the unrealized value… Barrick Market Capi $30.5bn Analyst Consensus Market Based Implied NAVii P/NAV Multiple Valueiv Nevada Gold Mines (61.5% share) $13.2bn 1.68xiii $22.1bn Barrick Copper Assets (including Reko $8.0bn At Least 1.2xv At least $9.6bn Diq 50% share & Lumwana expansion) Com
Slide 12: Why invest in Barrick?
Why invest in Barrick? Unparalleled ability Best quality gold Sustainable growth to organically replace assets in the offered by current reserve depletion industry development projects Highest gold Partnership strategy Significant cash flow reserve grade ensures host country from operations amongst
Slide 13: Learn more www.barrick.com
Annual Report Sustainability Report Latest Quarterly Report Learn more View our latest reports www.barrick.com NYSE : GOLD TSX : ABX
Slide 14: Technical Information
Technical Information The scientific and technical information contained in this MD&A has been reviewed and approved by Craig Fiddes, SME-RM, Lead, Resource Modeling, Nevada Gold Mines; Richard Peattie, MPhil, FAusIMM, Mineral Resources Manager: Africa and Middle East; Simon Bottoms, CGeol, MGeol, F
Slide 15: Appendix A – Assumptions/Outlook
Appendix A – Assumptions/Outlook Key Outlook Assumptions 2024 2025 2026+ Gold Price ($/oz) 1,900 1,300 1,300 Copper Price ($/lb) 3.50 3.00 3.00 Oil Price (WTI) ($/barrel) 80 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 800 800 800 CAD Exchange Rate (USD:CAD) 1.30 1.30
Slide 16: Appendix B – Barrick Historical Attributable Mineral Reserves
Appendix B – Barrick Historical Attributable Mineral Reservesi,ii Proven Probable Total Tonnes Grade Contained ozs Tonnes Grade Contained ozs Tonnes Grade Contained ozs Year Gold Price Assumption (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) 2019 $1,200/oz 280 2.42 22 1,000 1.44 47 1,300 1.65 6
Slide 17: Appendix C – Barrick Attributable Historical Gold Production
Appendix C – Barrick Attributable Historical Gold Productioni On Attributable Basis: Twelve Months Gold Production Ending (koz) December 31: 2019 5,465 2020 4,760 2021 4,437 2022 4,141 2023 4,054 Total 22,857 17
Slide 18: Appendix D – Barrick Performance Dividend Policy
Appendix D – Barrick Performance Dividend Policy Beginning in 2022, Barrick established a performance dividend policy that will enhance the return to shareholders when our liquidity is strong. The amount of the performance dividend on a quarterly basis will be based on the amount of net cash on Barr
Slide 19: Appendix E – Fourmile Significant Intercept Table and 2023 Mineral Resources
Appendix E – Fourmile Significant Intercept Tablei and 2023 Mineral Resourcesiv Select Fourmile Drill Results i. All intercepts calculated using a 3.40 g/t Au cutoff and are 2 Core Drill Hole Azimuth Dip Interval (m) Width (m)3 Au (g/t) uncapped; minimum intercept width is 3.0m; internal dilution FM