Slide 1: Mali: Delivering value through strong local partnerships
Mali Delivering value through strong local partnerships 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 histor
Slide 3: A world class African miner
A world class African miner… Jabal Sayid (50%) Loulo-Gounkoto (80%) Morila (40%) Massawa (11%i) Kibali (45%) Tongon (89.7%) North Mara (84%) Lumwana (100%) Bulyanhulu (84%) Buzwagi (84%) Gold production Projects Tanzania Copper production 3 i In Q1 2020, Barrick sold its stake in Massawa to Teranga
Slide 4: 24 Years of commitment to Mali
24 Years of commitment to Mali… 2012 2013 2014 2015 2016 2017 2019 2020 2020 Record Loulo Complex Production +1.2Moz +1.25Moz Gounkoto Randgold – Gounkoto Loulo pays production record exceeds 1Moz group group super pit Barrick UG maiden Morila mine life production LTIFR1 down production production s
Slide 5: Safety, health and environment
Safety, health and environment…Loulo-Gounkoto Complex Safety LTIFR/Million Hours Worked Improved safety performance - Zero LTIs for the year 1.40 Mines remain ISO 45001:2018 Safety Management System 1.20 1.00 certified 0.80 0.60 Proactive management of health and safety risks under the 0.40 guidance
Slide 6: Safety, health and environment
Safety, health and environment… Loulo-Gounkoto Complex HIV Positivity Rate HIV 2 1.8 Collaboration with local NGOs working in the surrounding 1.6 villages 1.4 1.2 HIV programme audited and improvement plan developed 1 0.8 Preventative action includes mass sensitisation and 0.6 0.4 distribution of co
Slide 7: Delivering on 2020 business plan
Delivering on 2020 business plan… Loulo-Gounkoto Complex has delivered 526koz to date2 and on track to meet full year guidance Complex paid dividends totaling $160 million in the year to date Loulo paid maiden dividend in the quarter on the back of amendment to mine’s convention Gounkoto UG feasibil
Slide 8: Loulo UG development and mining
Loulo UG development and mining… Ore tonnes achieved during quarter - 710Kt UG ore tonnes YTD 2020 Overall mining compliance maintained above 85% Started using underground workshop at Yalea Lateral development achieved during quarter - 3.8km Recruitment and training of 6 National Jumbo operators com
Slide 9: Gounkoto underground project
Gounkoto underground project… Key Highlights Portal work has commenced Development started 2 weeks earlier than the plan of 1st Nov 2020 Delivery of the first ore in Q2 2021 Added 3 years for total delivery of 412Koz over the life of mine2 9
Slide 10: Gounkoto Open Pit
Gounkoto Open Pit… Mining operation aligns with world’s best Ore Tonnes Mined 2020 800 mining practices 700 Thousands 193Kt ore mined in Q3 - effective water 600 500 management system in place during the rainy 400 season 193 300 Low bed currently in use for transporting drill rigs 748 71 200 during
Slide 11: TSF Extension current and planned infrastructure
TSF Extension…current and planned infrastructure New SWD Embankment Wall (174mamsl) 500 000m3 New RWD Historical Borrow Pits Current TSF 80 000m3 171 Hectare TSF Extension 127 Hectare Exclusion of the Common Wall – assuming the Current TSF operates under the ALARP principle South TSF Extension 230 H
Slide 12: Loulo Solar Project construction update
Loulo Solar Project… construction update Construction complete – full commissioning end October Benefits Reduces blended power unit cost by $2c/kWh in total Reduces fuel handling costs offsetting > 10,000,000L per annum - equates to saving of 180 trucks per annum Reduces carbon dioxide emissions by
Slide 13: TSF capacity upgrade in 2020 to sustain LOM operation
TSF capacity…upgrade in 2020 to sustain LOM operation Tailings Surface New TSF = 127Ha Current TSF = 171Ha Combined TSF = 298Ha Tonnages deposition split New TSF = 22.7 Mt Current TSF = 24 Mt Combined TSF (last 5 years) = 10 Mt Total tonnage 56.7 million tonnes (as of 2019 until 2032) New TSF upgrad
Slide 14: Sakola Road
Sakola Road… Upgraded the community road between Bada and Djidian Reduces the risk of accidents (safety and environment) Safer commuting for community 14
Slide 15: Loulo District
Loulo District… A world class destination Loulo Permit Gounkoto Permit: Drilling begins on 3 new areas of interest on Yalea Ridge Initial drilling on the DB Structure south of the Gounkoto Open Pit returns 8 auger grids completed over Loulo and promising results over possible strike Gounkoto p
Slide 16: Yalea Transfer Zone South
Yalea Transfer Zone South… high grade potentiali Scout drilling confirms extension of system 480m south of 2019 BM Step-out drilling planned 180m to the south and 660m south of the 2019 BM Assess panel zone potential below the Transfer Zone 16 i See Appendix A for additional details including assay
Slide 17: Loulo-Gounkoto development of local skills
Loulo–Gounkoto… development of local skills Total Employees: 5 322 Contractors Nationals: 5 106 (96%) Expats Expats: 216 (4%) 90 (2%) Mine Mine Nationals Permanent Expats 1 632 (31%) 126 (2%) Contractors Temporary Nationals Nationals 3 067 (58%) 407 (8%) 17 *Totals may not add due to rounding
Slide 18: Mining sector is an important source of foreign currency
Mining sector is an important source of foreign currency… Countries with highest ratio of Mining Exports to Total Exports 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Botswana Sierra Democratic Mongolia Burkina Zambia Mali Nauru French Guinea Peru Leone Republic of Faso Polynesia the the Congo 18 Sou
Slide 19: Barrick contribution to Mali economy
Barrick…contribution to Mali economy Our three mines have also been responsible for between 5% and 10% of the Malian GDP over the last ten years % Contribution to Malian GDP 10% 9% 8% 7% Morila 6% Gounkoto 5% Loulo 4% 3% 2% 1% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 19 Source: World Ban
Slide 20: Barrick contribution to Mali economy
Barrick...contribution to Mali economy Barrick/Randgold operations have contributed approximately US$ 7.4 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers in the last 24 years Gounkoto Loulo US$ 1.1 Bn US$ 4.0 Bn Morila US$ 2.3 Bn 20
Slide 21: Dividends, Taxes and Royalties paid to Mali
Dividends, Taxes and Royalties paid to Mali... Barrick/Randgold operated mines have paid approximately US$ 2.9 billion in the form of Dividends, Taxes and Royalties to the State over 24 years Dividends to Barrick US$ 1.1 billion Dividends, taxes and royalties to the State US$ 2.9 billion 21
Slide 22: Local contractors and supply strategy
Local contractors and supply strategy… $275 million spent on local contractors and suppliers YTD (services rendered, goods and fuel supply) Setup and implemented the Malian transport consortium which incorporates a greater number of our Malian transport partners, and has a direct and positive impact
Slide 23: Accelerator for SOMILO Local Suppliers
Accelerator for SOMILO Local Suppliers… Build the capacity of local suppliers to improve their management system and service quality Improve performance and increase the trust of mining companies and financial institutions to secure access to financing and opportunities. 12 companies have been selec
Slide 24: Agribusiness ongoing project
Agribusiness ongoing project… Entrepreneurs 48 entrepreneurs established Supported by the mine with water supply system +212 million FCFA of credit granted 30 farms created - 29 in Kenieba and one at Kita Programme FIER 450 youth beneficiaries of the programme to be trained 84 of the first batch tra
Slide 25: Breathing new life into Morila
Breathing new life into Morila… Barrick has agreed to sell Morila to Mali Lithiumi Government retains its 20% stake Morila laid the foundation for Randgold’s success producing almost 7 million ounces of gold over its life Transaction creates opportunity for assets and infrastructure to be redeployed
Slide 26: Illegal mining
Illegal mining… Illegal mining issues intensified by influx of Chinese who are mining in the Faleme using heavy equipment - excavators and trucks A camp has been established illegally on the Loulo permit Action steps Authorities informed Official complaint filed Instigators jailed Some equipment con
Slide 27: Endnotes
Endnotes 1. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked. 2. On a 100% basis. Technical Information The scientific and technical information contained in this presentation has been
Slide 28: Appendix A Loulo Significant Intercept Table
Appendix A – Loulo Significant Intercept Tablei Drill Results from Q1 & Q2 2020 Lode Drill Hole Azimuth Dip Interval (m) Width (m) Au (g/t) Transfer Zone YADH103 72.53 -70.76 1089.65-1100 10.35 2.86 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept Transfer Z
Slide 29: Appendix A Loulo Significant Intercept Table
Appendix A – Loulo Significant Intercept Tablei Drill Results from Q1 & Q2 2020 Lode Drill Hole Azimuth Dip Interval (m) Width (m) Au (g/t) Transfer Zone YADH65 71.40 -69.60 1080.9-1083 2.10 2.62 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept Transfer Zone