Slide 1: Zambia: Great future for Lumwana as Barrick unlocks potential
Zambia Great future for Lumwana as Barrick unlocks potential…
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 histori
Slide 3: Barrick operates on 4 continents in 18 Countries
Barrick operates on 4 continents in 18 Countries… Geographical Donlin distribution of (50%) CANADA Barrick’s 2022 Loulo- Gounkoto gold production Phoenix (61.5%) USA Hemlo 80% NGM (61.5%) 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOMINICAN Pueblo Viejo Reko Diq 50% JAPAN Cortez incl Goldrush REP 60
Slide 4: 2023 Highlights
2023 Highlights… Lumwana on track to achieve 2023 production guidance as the operation ramps up after the wet season, reopens the Malundwe pit, and smoothly transitions to owner miner operations Zero Lost Time Injuries (LTI), with the last LTI occurring in Q1 2022 No Class 12 or Class 23 environment
Slide 5: Economic contribution
Economic contribution… Since 2019 Lumwana has contributed more than US$2.3 billion1 In-Country Salaries to Zambia’s economy in the form of royalties, taxes, salaries and Investment $180 million purchases from local suppliers US$ million Royalties, Lumwana continues to grow Zambian businesses through
Slide 6: Journey to Zero
Journey to Zero… In March we reset our safety program and renamed it Journey to Zero The key focus over the last quarter has been on reinforcing the Responsibility to Stop Unsafe Work Both the Responsibility to Stop Unsafe Work and Our Safety Roadmap have been presented by the site Management team t
Slide 7: Health and safety
Health and safety… Safety LTIFR5 Zero fatalities recorded since 2016 0.80 Lost Time Injury Frequency Rate5 (LTIFR) of less than 1.0 for the 0.60 past 10 years (0.00 YTD for 2023) 0.40 0.7 Continued focus on prioritizing safety through the Journey to Zero 0.5 program to ensure that every person (empl
Slide 8: Production
Production… Processing Tonnes Processing % Continuous improvement of processing stability leading to higher 3.0 100 throughput and working to exceed the new base set in the second half of Tonnes Processed (MT) Recovery % 2023 2.5 95 Recovery stabilized following the higher blend of fresh ore from th
Slide 9: Exploration and upside
Exploration and upside Potential to further expand Kamisengo… Kamisengo Growth Opportunities Extensions to the Kamisengo mineralized system in multiple directions highlight additional potential Exploration Prospects Progress on the Kababisa and Kamaranda prospects show potential to provide additiona
Slide 10: Environmentally focussed
Environmentally focussed… REDD+ project Lumwana is a participant in the United Nations’ REDD+ project, which is designed to reduce emissions from deforestation REDD+ project being implemented within the 3 chiefdoms (Mukumbi, Mumena and Matebo) together with the government (Forestry Department under
Slide 11: Community development
Community development… Chiefdom Engagement: MOU review and sign off completed to provide a new framework for partnership Community Development Committee: Aligned with the rest of Barrick’s mines, a Community Development Committee (CDC) was established to facilitate the effective utilization of the a
Slide 12: Community development committee (CDC)
Community development committee (CDC)… Ongoing Initiatives Completed CDC approval and implementation of 2023 community projects 2023 Projects Lumwana East clinic construction and improvement Mwajimabwe primary school rehabilitation USA Project Cure partnership for supply of medical equipment Manyama
Slide 13: Local content
Local content… Key Achievements 2022 A continuous review of our local spend profile ensures that 17% Local Procurement local suppliers with quality products at the right price are Achievement given preference in business opportunities In 2022, Barrick initiated the "Business Accelerator Program" to
Slide 14: Local commitment
Local commitment… The focus for the remainder of 2023 is to identify additional categories Focus Areas of products that can be incorporated into our local spend commitment, as outlined in the policy that has consistently benefitted in-country Site waste management services suppliers over the years C
Slide 15: Commitment to employment of nationals
Commitment to employment of nationals… Key Achievements: Workforce Diversity As at Q1-2023 99% of Lumwana employees are Zambian nationals 12% of Lumwana employees are female Zambian nationals 12% 73% of the Senior Managers are Zambian Nationals 97% of contractor labour at Lumwana are Zambian nationa
Slide 16: Endnotes
Endnotes… 1. On a 100% basis. 2. Class 1 - High Significance is defined as an incident that causes significant negative impacts on human health or the environment or an incident that extends onto publicly accessible land and has the potential to cause significant adverse impact to surrounding commun