Slide 1: Barrick Tanzania: World class operations
BARRICK TANZANIA World class operations... @ Minerals Corporation Limited 9] a partnership between Barrick Gold Corporation 3 and the Government of Ianzania
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 state
Slide 3: Barrick operates on 4 continents in 18 countries
Barrick operates A world class global mining company on 4 continents in 18 countries Donlin (50%) CANADA Loulo- Phoenix (61.5%) Gounkoto Geographical distribution USA Hemlo 100% 80% Mozproduction of 2023 gold Fourmile 100% Pueblo Viejo PAKISTAN JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridg
Slide 4: Health
Health… Health Malaria Bulyanhulu and North Mara completed Entomological Surveys on site and in the surrounding villages in line with our Zero Malaria strategy, driving decision-making for appropriate vector control Malaria entomology and vector control training sessions took place in Q4 for the cap
Slide 5: Safety and environment
Safety and environment… Safety TWIGA LTIFR4 Safety continues to be prioritized through our Journey to Zero 0.70 Program ensuring that every person goes home safe and healthy every day 0.60 The sites have achieved a reduction in Lost Time Injuries from 0.50 four during 2022 to zero in Q4 2023 The Los
Slide 6: Journey to Zero
Journey to Zero… The 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, sup
Slide 7: Q4 2023 Highlights
Q4 2023 Highlights… Tanzanian operations maintained robust production performance and met 2023 guidance Multiple high-potential exploration targets identified as possible extensions along the prospective Gokona corridor at Bulyanhulu mine Conversion drilling at Gena pit progresses with potential to
Slide 8: Recognition and awards received in 2023
Recognition and awards received in 2023… North Mara Gold Mine crowned Employer of the Year by the Association of Tanzania Employers (ATE) and Overall Private Sector Employer Best Corporate Social Responsibility (North Mara mine) Excellence in Crisis Management (Bulyanhulu mine) Second runner-up in L
Slide 9: Recognition and awards received in 2023
Recognition and awards received in 2023… Recognized by the Ministry of Water for boosting water services and environmental conservation during Mara Day celebrations From Occupational Safety and Health Authority (OSHA) Best Overall OHS Winner (Bulyanhulu mine) Best OHS in the Mining Sector (Bulyanhul
Slide 10: North Mara operational performance
North Mara operational performance… Mining Gena mining tracked ahead of schedule with a total of North Mara - Total Open Pit Tonnes Mined 16Mt mined for the year (100% Basis) Good performance in tonnes mined attributed to 6,000 5,000 availability of mining fleets, stope preparation and 4,000 additio
Slide 11: North Mara exploration framework and targeting
North Mara… exploration framework and targeting Planned framework drilling and RCv program Planned geophysics and framework geophysics to develop knowledge establishing target drilling increasing knowledge of new opportunities consolidation Framework drilling programs and multiple geophysical survey
Slide 12: Bulyanhulu operational performance
Bulyanhulu operational performance… Bulyanhulu Total UG Development Metres 2,500 Underground Mining 2,000 Solid performance with more than 7km of 1,500 development achieved in 2023 1,938 1,935 1,847 1,000 1,462 Tele-remote mining fully implemented to automate and reinforce world class safety practic
Slide 13: Bulyanhulu exploration inlier drilling beneath cover
Bulyanhulu… exploration inlier drilling beneath cover Barrick Deposit Aircore (AC) geochemical and Suppressive Cover geology framework drilling, Barrick Licence exploring potential for blind satellite Non-Barrick Licence opportunities G3 Granitoids Targeted diamond drilling exploring G3 Granitoids u
Slide 14: Environmental management
Environmental management… Buzwagi - Rehabilitation North Mara - Water Management TSF Operation & Management Tailings Storage Facility (TSF) Pond clean up, pump maintenance and Bulyanhulu Mine was granted a permit rehabilitation 90% complete with strict discharge permit renewal completed as to constr
Slide 15: Overall economic contribution
Overall economic contribution… since Barrick assumed operational control in 2019 Recognized as the largest dividend payer to the Total In-country Investment government (2022/2023) and largest contributor to 2019 – Q4 20232 the economy through taxes, employment and community projects Salaries $305m 9
Slide 16: Commitment to local suppliers
Commitment to local suppliers… Key Achievements Ongoing Initiatives In 2023 total local spend at 86% and indigenous company spend at Promote in-country manufacturing, e.g. facilities at Buzwagi 70% exceeding annual target of 61% (planned Special Economic Zone) Launched the first phase of the 2024 Lo
Slide 17: Commitment to local employment
Commitment to local employment… Composition of Employees & Contractors Expat Contractors 2% Key Achievements: 96% Tanzanian workforce – 57.7% hired from communities surrounding the operating mines 6,152 54% of senior management are Tanzanian National Total 6,152 National Employees Female employees m
Slide 18: Supporting our communities since 2019
Supporting our communities since 2019… Other Community North Mara - Water supply Engagements Economic Nyang’hwale District Council – Motor 3% Development vehicle garage 8% Road Infrastructure 26% Charities and donations to $14.1m Fostering relations with local clan orphanages elders Education Water
Slide 19: Bulyanhulu CSR spending
Bulyanhulu CSR spending… Kabiga Primary School Classrooms Nyang'hwale Nyang'hwale District Council - Motor Vehicle Garage District Council Administration block Nyamtukuza Secondary School Administration block Kaboha Secondary School
Slide 20: Barrick - Twiga Future Forward Education Program
Barrick - Twiga… Future Forward Education Program The Barrick-Twiga Future Forward Education Programme was created to contribute $30 million towards education infrastructure 1,090 classrooms 270 dormitories 1,640 ablution blocks Across 161 schools Using the first tranche of $10m, projects Arusha Sec
Slide 21: North Mara's focus on economic and business opportunities for the community
North Mara’s focus on economic and business opportunities for the community… Matongo Agribusiness Project Local Business Development Program Phase I (Pilot phase) of the project completed in December 2023 Initiated by North Mara in 2021 to foster economic diversification, with 50 youths graduating a
Slide 22: North Mara's active community engagements
North Mara’s active community engagements… North Mara CDC Structure CDC Chairperson (Ward councillor/MGM) CDC Secretary CDC (WEO) Secretary(CRM) Water, Health, Economic and Land and Sports and Environment Social Infrastructure Entertainment and Education Development Committee Committee Committee Com
Slide 23: Engagement with National Human Rights NGOs
Engagement with National Human Rights NGOs Human Rights Organizations in Tanzania Focus areas Hakirasimali Mining Legal and Human Rights Centre (LHRC) Human Rights Voluntary Service Overseas (VSO) Human rights Tuwakomboe Paralegals Human Rights Tanzania Human Rights Defenders Coalition (THRDC) Human
Slide 24: North Mara strengthening our License to Operate
North Mara… strengthening our License to Operate Friends of North Mara Programme Building Social Cohesion through Sports (Mahusiano Cup) The mine has launched an initiative called “Friends of North Sports and entertainment are key to building a more cohesive Mara programme” targeting schoolgirls and
Slide 25: North Mara reinvesting in the community
North Mara reinvesting in the community… Access to information on the mine Water beyond household consumption 92% of CDC Projects are completed Charity and Donations Fostering relations with local clan elders Multi-stakeholder engagement
Slide 26: Buzwagi TSF rehabilitation
Buzwagi TSF rehabilitation… Closure cover placement completed (all three layers - 1.3m total average), within budget 2.3 million m3 of earth and rock materials were moved from July 2022 to October 2023 Spillway construction is ongoing, expected to be completed end January 2024 Water pumping from the
Slide 27: Kahama Airport handover
Kahama Airport handover… Aerial View of the Terminal Buildings Old New TZS 616 Million Investment Before After Carrying capacity – ~250 Carrying capacity – 25 passengers passengers No VIP lounge 1 VIP Lounge 2 Lounges - Arrival and 1 General lounge Departure Front Porch Check-in Counters Washrooms
Slide 28: Malenge irrigation scheme in pictures
Malenge irrigation scheme in pictures… 500Mt warehouse and processing facility Dam is filled approx. 1.5 million m3 Part of 50Tonnes/Day rice processing facility Aerial view of the 1.2km dam and farms
Slide 29: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and with all in sustaining costs per ounce in the lower half of the industry cost curve. 2. On a 100% basis. 3. "Indigenous Company