Slide 1: Kibali…14 years of value creation
Operated by Kibali…14 years of value creation Kinshasa, October 2023
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, o
Slide 3: Barrick Operates on 4 Continents in 19 Countries
Barrick Operates on 4 Continents in 19 Countries… Geographical Donlin distribution of (50%) CANADA Barrick’s 2022 Loulo- Gounkoto gold production NGM (61.5%) Phoenix (61.5%) USA Hemlo 80% 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOMINICAN Pueblo Viejo JAPAN Reko Diq 50% Cortez incl Goldrush REP 60
Slide 4: Top Gold Mines in the World
Top Gold Mines in the World… Oz 000 The World’s top 10 Largest Gold Mines in 2022 5 of the top 2000 10 gold 1800 2022 Au production 2021 Au production mines in the 1600 world are 1400 operated by 1200 Barrick – 2 of them in 1000 Africa 800 600 400 200 0 Grasberg Muruntau Carlin Olimpiada Boddington
Slide 5: Barrick Is Building a Long-Term Business
Barrick is building a long-term business… with sustainable future growth… Barrick’s mission is to be the world’s most valued gold and copper mining business by finding, developing, and owning the best assets, with the best people, to deliver sustainable returns for our owners and partners. We are co
Slide 6: Kibali...14 years of sustained value creation
Kibali...14 years of sustained value creation 2009-2023 Building an economic hub in NE DRC 6
Slide 7: Economic Contributions
Economic Contributions… OPENED UP ECONOMY IN DRC CREATING SUSTAINABLE BUSINESSES – EDUCATION AND SKILLS TRAINING 2009 2010 2010 2011 2012 2012 2013 2013 Randgold and SOKIMO offered to Kibali doubles Construction Social upliftment - Portion of permit Resettled 4,200 Poured first AngloGold sell their
Slide 8: Q3 Highlights
Q3 Highlights… Delivering on our 2023 business plan On track to achieve year end production guidance On track to replace reserves depleted by mining in 2023 Multilite transition - automine ramp up successfully implemented ESIAi for solar power generation expected on progress Extensive exploration dr
Slide 9: Journey to Zero
Journey to Zero… We have taken a hard look at our current Fatality Prevention Commitments and will be amplifying our efforts with the roll out of our Fatal Risk Management Program in October Fatal Risk Management is about the responsibility to “STOP UNSAFE WORK” if a critical control is missing or i
Slide 10: Health and Safety
Health and Safety… Safety LTIFR3 One LTI incident recorded for the quarter - Investigations conducted and preventive 7 measures now in place Alcohol tests conducted on daily basis 6 J20 program and hands safety awareness implemented through toolbox talks Road traffic compliance conducted through roa
Slide 11: Production
Production… Processingi Processingi Tonnes per Quarter (Mt) Recovery % 2.5 100 2,000 ktpq average throughput achieved 95 Achieved improved recoveries while maintaining 2.0 throughput, with further enhancements expected with 90 the commissioning of the Cyanide Recovery Plant in 1.5 85 addition to cya
Slide 12: Kibali Power Generation
Kibali Power Generation… Q3 2023 hydroelectric power blend averaging at 94.5% - increased rain in Q3 reduced diesel consumption and runtime Generating an average of 40.45 MW power at an average cost of 0.046 $/kWh Total Power Generation MW Kibali Power Generation Cost US$ 40 0.30 35 0.25 30 0.20 25
Slide 13: Kibali…Powering our Green Agenda
Kibali…Powering our Green Agenda Transition to Renewable Energy 100% 2015 to 2017: Nzoro hydrostation capacity of ~22 MW, 90% increasing hydro energy blend to ~55% DIESEL SOLAR 2017: Ambarau hydrostation online with ~11MW installed 80% capacity 2018: Azambi hydrostation energized with ~11MW installe
Slide 14: Exploration…securing the future of Kibali
Exploration…securing the future of Kibali KZ trend Kibali Project Ikamva Framework drilling NW of KCD deposit N Kalimva KZ North supports emerging mineralized corridor N parallel to the main KCD system - a Oere Makoro potential opportunity linking the KCD & KZ North Gorumbwa deposits Mofu KCD- Mengu
Slide 15: Environmentally Focused
Environmentally Focused… Fresh water abstracted per tonne of 1.2 1.06 ore treated Certification for ISO14001 and GISTM successfully completed in August 1.0 2023 0.8 0.64 0.51 0.61 Waste recycling initiatives introduced for inorganic streams - increased to 0.6 0.43 0.28 92% from 85% in same quarter o
Slide 16: Community Development
Community Development… Driving Sustainable Value through Local Partnerships Education/ Capacity building Challenge Funds: a result of partnership with USAID under 30 Women selected for training for the production of PPEs the Garamba Alliance umbrella has selected 33 local business to 158 school-kits
Slide 17: Local Commitment
Local Commitment… Key highlights Implementation of 8 projects under Cahier des Charges Launch of 44 community projects as part of the 0.3% endowment funds Started renovation and construction of community infrastructure (Stadium, Kermess, Durba and Aru mortuary) Nzopi market before Nzopi market today
Slide 18: Commitment to Employment of Nationals
Commitment to Employment of Nationals… World class operations led by a world class team Majority of our Senior management team are National Casuals & Congolese Interns 217 (3%) Expat Expat Contractors Employees 162 (2%) Expatriates: 184 (3%) (346) 5% National Employees 1,877 (29%) National Contracto
Slide 19: Human capital investment
Human capital investment… Kibali bursary scheme designed to promote young talent within the local community Scholarships offered to 71 top-performing students from various faculties to attend Congolese universities in various regions (Lubumbashi; Kinshasa; Kisangani) 12 complete 49 in progress 10 in
Slide 20: Investing for Q4-2023 and beyond
Investing for Q4-2023 and beyond… the Future Commissioning of phase 2 of the CRPi project Finalize ESIA process for the solar project construction Mining to start at Rhino deposit in Q1 2024 Focus on further localization of the workforce by building both technical and management positions Continue t
Slide 21: Illegal mining
Illegal mining…Destroying the benefits of DRC’s natural resources
Slide 22: 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. Historical estimate as of December 31,