Slide 1: Kibali…strong finish to the year
Operated by Kibali…strong finish to the year
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: A world class global mining company
A world class Barrick operates on 4 continents in 18 countries global mining company Donlin (50%) CANADA Loulo- Phoenix (61.5%) Gounkoto Geographical distribution USA Hemlo 80% 100% Mozproduction of 2023 gold Fourmile 100% Pueblo Viejo PAKISTAN JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridg
Slide 4: 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 com
Slide 5: Q4 Highlights…
Q4 Highlights… delivering on our 2023 business plan Gold production in 2023 of 763kozi – well above midpoint of guidance Record annual throughput Successful transition to Multilite in underground operation - supporting world class safety and automation practices Optimisation of design for 16 MW sola
Slide 6: Economic contribution
Economic contribution 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 30
Slide 7: Journey to Zero…
Journey to Zero… Responsibility to Stop Unsafe Work continues to be reinforced across all levels of our operations 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, supported by
Slide 8: Health and safety…
Health and safety… Safety LTIFR2 Lost Time Injury Frequency Rate (LTIFR) for Q4 was 0.00 vs 0.46 in Q3 7 One Restricted Duty Injury (RDI) recorded, investigations conducted and preventive 6 measures now in place 5 Update graph Alcohol tests conducted daily 4 Journey to Zero program and hand safety a
Slide 9: Production…
Production… Processing Processing Tonnes per Quarter (Mt) Recovery % 2.5 100 Record annual throughput of 8.222Mt with a 2% 2.0 80 improvement from the recoveries in 2022 1.5 60 Further enhancements expected with the 1.0 40 commissioning of the Cyanide Recovery Plant in addition to cyanide reduction
Slide 10: Hydroelectric
Hydroelectric Power generation… Q4 2023 hydroelectric power blend averaged 90.89% Generating an average of 40 MW power at an average cost of 0.09 $/kWh MW/h US$/kWh Kibali Power Generation 40 0.30 35 0.25 30 0.20 25 20 0.15 15 0.10 10 0.05 5 0 - Hydro Diesel Cost
Slide 11: Kibali…Transition to renewable energy
Kibali… Transition to renewable energy 2015 to 2017: Nzoro hydrostation capacity of ~22 MW, increasing hydro energy blend to ~55% 100% 2017: Ambarau hydro station online with ~11MW installed capacity 90% DIESEL SOLAR 2018: Azambi hydro station energized with ~11MW installed 80% capacity, increasing
Slide 12: World class business built with our…
World class business built with our… Local Partners Value Driven Local Partnerships Engaged Congolese partners since inception with the Azambi hydropower station construction Supply of safety workwear by Congo Services and local women manufacturing facility set up in Durba Continue to grow businesse
Slide 13: Community profiling…
Community profiling… 2006 2010: Estimated at less than 50 000 people (mainly artisanal miners, traders, etc.) 2013: Resettlement Action Plan (KOKIZA): > 4200 households (>20 000 people) 2017: More than 500 000 people live in Watsa 2008 2010
Slide 14: What we found…and what we've established
What we found…and what we’ve established Doko – Aru road BEFORE AFTER
Slide 15: What we found…and what we've established
What we found…and what we’ve established Infrastructure BEFORE AFTER
Slide 16: Exploration…
Exploration… Expansion opportunities KCD NW: Framework drilling supports an emerging mineralised corridor NW & parallel to KCD - mineralised structure linking KCD to Gorumbwa - potential for high impact targets for both open cast and underground in the area KCD Down plunge: Completed drilling to dat
Slide 17: Results supporting Oere UG opportunity
Ikamva N Kalimva Results supporting Oere UG opportunity Clastic seds Drilling at Oere - testing for a larger, high-grade, mineralised zone below the current pit shells to assess the potential for an underground opportunity Oere Wide-spaced holes all intersected the host lithological sequence and con
Slide 18: Central East African footprint…
Central East African footprint… Three World Class Terrains CAR Kibali South Sudan NE DRC: Proven success at Kibali supported by additional structure and belt scale opportunities Uganda Lake Victoria Goldfields: Extensive preserved Kenya discovery potential in a highly prospective North Mara Rwanda g
Slide 19: Environment…
Environment… Fresh water extracted per tonne of ISO 14001 certification standards maintained after year-end external audits 1.2 1.06 ore treated Cyanide recovery plant is in its final stage of the commissioning period 1.0 0.8 0.64 0.51 0.61 Waste recycling initiatives for non-hazardous waste has res
Slide 20: Illegal mining…
Illegal mining… Destroying DRC’s natural resources AFTER BEFORE
Slide 21: Community development…
Community development… Education/ Capacity building 4 new schools built in Q3 and Q4 2023, under 0.3% community fund 47 women trained for the uniform production project in Durba to support local clothing manufacturing 60 bursaries awarded to local youth for the 2023-2024 cohort under 0.3% community
Slide 22: Community development…
Community development… Driving sustainable value through local partnerships 34 local business owners trained by Sofibank to formalize business plans, aiming to enhance their potential eligibility for micro loans as part of a partnership with U.S. Agency for International Development (USAID) under th
Slide 23: Commitment to local employment…
Commitment to local employment… National Casuals Expat and interns Employees 217 (3%) 95% DRC employees - 184 (3%) Expat with the majority employed Expatriates: Contractors within the local community (346) 5% 162 (2%) Majority of our Senior management team are National Congolese Employees 1,877 (29%
Slide 24: Investment in human capital
Kibali… Investment in human capital Kibali bursary scheme designed to promote young talent within the local community and across different disciplines 10 new scholarships offered to students from local community, bringing the overall total to 81 top-performing students attending various Congolese un
Slide 25: Investing for the future…
Investing for the future… 2024 and beyond Continued focus on extending Kibali’s Life of Mine with world class exploration and resource conversion programs to extend Tier One1 status Expand exploration within the DRC Continue to explore additional reserves to replace depletion and extend the mine’s l
Slide 26: Appendix – Kibali Significant Intercepts
Appendix – Kibali Significant Intercepts1 Kibali Drill Results from Q4 2023 Including4 1. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2 m; internal dilution is equal to or less than Core Drill Width Width 25% total width. Azimuth Dip Interval (m)
Slide 27: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve with 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 pound in the lower half of the industry cost curve. A Tier One Copper Asset is an asset w