Slide 1: Zambia: Brighter future for Lumwana as Barrick unlocks potential
Zambia Brighter future for Lumwana as Barrick unlocks potential…
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: Barrick operates on 4 continents in 18 countries
Barrick operates on 4 continents A world class global mining company in 18 countries Donlin (50%) CANADA Loulo- Phoenix (61.5%) Gounkoto Hemlo 80% USA 100% Geographical distribution Fourmile 100% Pueblo Viejo PAKISTAN JAPAN Mozproduction of 2023 gold NGM (61.5%) Turquoise Ridge DOMINICAN 60% EGYPT S
Slide 4: 2023 Highlights
2023 Highlights… Lumwana met its 2023 production guidance on the back of record plant throughput of 27Mt p.a. setting the tone for future expansion Successful transition to owner miner has seen a ramp up in pre-strip tonnes, driving efficiencies and unit costs down, following an investment of US$115
Slide 5: Economic contribution
Economic contribution… Total In- In-Country SalariesSalaries Lumwana has contributed more than US$2.7 billion1 to Zambia’s economy in the form of royalties, taxes, salaries and purchases from Country Investment $215 million $214 million local suppliers since 2019 Investment US$ million Royalties, 20
Slide 6: Journey to Zero
Journey to Zero… Responsibility to Stop Unsafe Work continues to be reinforced across all levels of our operations The global roll-out of our Life Saving Commitments is planned for the first half of quarter one. This will be followed by the global launch of the Fatal Risk Management Program, support
Slide 7: Health and safety
Health and safety… Safety Zero fatalities recorded since 2016 LTIFR5 Lost Time Injury Frequency Rate5 (LTIFR) <1.0 for the past 10 years 0.80 (0.23 for 2023) 0.60 Continued focus on prioritizing safety through the Journey to Zero program to ensure that every person (employee and contractor) 0.40 0.7
Slide 8: Production
Production… Processing Processing Continuous improvement in processing stability led to record breaking Tonnes Processed (MT) % Mt Recovery % throughput for 2023, exceeding the base set in the first two months 3.0 100 of the second half of 2023 2.5 80 Recovery stabilized following higher blend of fr
Slide 9: Delivering value through organic growth
Delivering value through organic growth… Pre-Feasibility Study (PFS) update Inclusion of Kababisa and Kamisengo from the on-dome exploration portfolio into resource base for technical-financial studies, potentially adding further copper pounds to our mine plan Completion of key resource drilling pro
Slide 10: Environmentally focussed
Environmentally focussed… REDD+ Project Barrick is implementing a United Nations’ REDD+ project at a cost of $3M, designed to reduce and prevent deforestation through conservation Partnership with the 3 chiefdoms (Mukumbi, Mumena and Matebo) and government (through the Forestry Department under the
Slide 11: Community Development Committee
Community Development Committee… Projects Key projects undertaken by the Community Development Committee (CDC) include the construction of the new modern Manyama High School in Manyama village. This initiative encompasses the following efforts: Water reticulation system installation Administration b
Slide 12: Community development
Community development… Chiefdom Engagement: Initial engagement meeting held with Royal Highnesses to establish the Kamisengo Memorandum of Understanding (MoU), with the Provincial Permanent Secretary as chairperson. The MoU is based on an agreement for community benefits and stakeholder collaboratio
Slide 13: Commitment to local suppliers
Commitment to local suppliers… Continuous review of local spend ensures local 2023 Local Spend suppliers with quality products, at the right price, are given preference in business opportunities Business Accelerator Program, established in 2022 by Others Barrick Lumwana to enhance Zambian contractor
Slide 14: Local contractor support
Local contractor support… Lumwana increased purchases from local community C1 2023 Purchases suppliers (“C1”) in Matebo, Mukumbi and Mumena Category of product Sum of Value (US$) Chiefdoms by 66% Crushing services $4,473,116.65 Kalonga onboarded with the key performance being to Equipment Hire $1,99
Slide 15: Commitment to local employment
Commitment to local employment… As at end of 2023: Workforce Diversity 99% of Lumwana employees are Zambian nationals 12% of Lumwana employees are female Zambian nationals 12% 73% of the Senior Managers are Zambian Nationals 97% of contractor labour at Lumwana are Zambian nationals $215m1 has been p
Slide 16: Endnotes
Endnotes… 1. On a 100% basis. 2. Class 1 - High Significance is defined as an incident that causes significant negative impacts on human health or the environment, or an incident that extends onto publicly accessible land and has the potential to cause significant adverse impact to surrounding commu