Slide 1: An African investment destination
An African investment destination… Core Shed Bulyanhulu
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: Timeline of mining in Tanzania
Timeline of mining in Tanzania… Kabanga Nickel Corp. established – A joint venture between LZ Nickel Ltd (84%) and 2021 the Government of Tanzania (16%) 2019 Twiga Minerals Corp. established to manage Bulyanhulu, Buzwagi and North Mara – a joint venture between Barrick Gold Corporation (84%) and the
Slide 4: Barrick bringing mining consolidation and exploration back to Africa
Barrick…bringing mining consolidation and exploration back to Africa BARRICK – RANDGOLD merger Central African Tanzania…Barrick – Acacia buyout Republic South Sudan Senegal…Sale of Massawa to Teranga Kibali Uganda N Ngayu Belt Loulo-Gounkoto (80%) Kenya Lake Jabal Sayid (50%) Democratic Victoria Nor
Slide 5: Mining update
Mining…update UG Ore Tonnesi Improved understanding of orebodies has resulted in a review 300 271 263 of more efficient mining methods with some additional 228 222 opportunities identified to extend LOM 200 North Mara transitioned to underground mining during the 100 80 year and significant improvem
Slide 6: Mining Investing in the Future
Mining…Investing in the Future
Slide 7: Delivered on gold production
Delivered on gold production… Gold Productioni koz 25 27 24 24 9 8 8 27 77 81 79 73 Q1 2020 Q2 2020 Q3 2020 Q4 2020 North Mara Bulyanhulu Buzwagi Full year production of 462koz - well within 2020 guidance Processing of fresh underground material commenced at Bulyanhulu during Q4 2020, following succ
Slide 8: North Mara Water Management
North Mara…Water Management Since assuming operational control, Barrick has delivered 2019 December 2020 on short-term water management commitments and TSF freeboard was successfully restored Upgrade of the existing Water Treatment Plant (WTP) from 2.5MLDi to 28.6MLD through a number of phases throu
Slide 9: National workforce commitment
National workforce commitment… 96% of total workforce made up of local Tanzania Headcount Q4 2020 employees World-leading talent appointed in critical areas Company Expats Contractor Expats of the business to ensure Barrick culture and 58 (2%) 59 (2%) essential skills transfer is made within the reg
Slide 10: In-country investments
In-country investments… Investment $ million 2 $800m paid in country in form of taxes, dividends, 30 permits, infrastructure, salaries and payments to local 100 suppliers Of $290m local spend, $168m fulfils Mining 40 290 Commission criteria for an indigenous company. Proportion of indigenous spend a
Slide 11: CSR key focus areas
CSR…key focus areas Regaining Social License To Operate through effective Stakeholder Engagement Resolving past, long outstanding grievances through the reviewed and approved Grievance Mechanism – 84 outstanding in September 2019 to 6 current legacy grievances Addressing Land Legacy Issues – TSF#2 l
Slide 12: Power of People and Partnerships
Power of People and Partnerships… Governments Successful partnerships in host NGOs and countries are key to finding, Regulators developing and running world class mines Examples of this are reflected in the success of our operations in Africa where we’ve delivered long term value for all our stakeho