Slide 1: Twiga partnership shaping the future of mining in Tanzania
Twiga partnership shaping the future of mining in Tanzania...
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: Global gold producing countries 2021
0 50 100 150 200 250 300 350 China Russia Australia Tonnes Gold Canada United States Ghana Peru Mexico Indonesia South Africa World Gold production Uzbekistan Burkina faso Mali Brazil Sudan DRC Barrick – countries of gold production Columbia Guinea Source: Metals Focus; World Gold Council as at 31 D
Slide 4: 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 5: Top gold mines in the world
Top gold mines in the world… 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 Kibali
Slide 6: Overall economic contribution since Barrick assumed operational control in 2019
Overall economic contribution since Barrick assumed operational control in 2019… Total In-Country Investment Barrick North Mara recognized as the largest 2019 – Q2 20231 taxpayer in Tanzania for the years 2021 and 2022 Salaries Total in-country investment amounts to US$2.8 US$259 billion since Septe
Slide 7: Q2 2023 Highlights
Q2 2023 Highlights… Strong production continued at the Twiga Complex - well on track to achieve 2023 production guidance 10 women at Bulyanhulu Mine enrolled in training to become accredited truck operators as part of Barrick's gender inclusivity initiative Bulyanhulu became Tanzania’s Overall Winne
Slide 8: 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 9: Safety and environment
Safety and environment… Safety Bulyanhulu and North Mara received first and second runner-up recognition awards for the Tanzanian OSHA Compliance Award Twiga Complex - LTIi Free Hours in April 2023 respectively Mines retained ISO 45001:2018 and ISO14001:2015 Safety LTI Free Hours (Millions) 7 Health
Slide 10: Health
Health… Health Malaria Indoor Residual Spray (IRS) and larvicide chemicals ordered. Mosquito nets and repellents available for distribution to employees Entomological surveys currently being conducted across the sites and villages in the surrounding area. Data from the survey will assist in enhancin
Slide 11: Bulyanhulu gold production
Bulyanhulu…gold production Underground Mining Steady ramp-up in ore tonnes mined, supporting a consistent feed to the plant Achieving higher than planned development metres as mine focuses on additional flexibility Processing Maintaining a plus 3,000 tonne per day throughput average, inclusive of ma
Slide 12: Bulyanhulu Shaft maintenance improves performance
Bulyanhulu Shaft…maintenance improves performance Bulyanhulu– Total Tonnes Hoisted (Kt) (100% Basis) Underground production progressed ahead of schedule Replacement of Lebus sleeves on production winder unlocks optimal hoisting capability Steady increase in availability quarter on quarter since Q2 2
Slide 13: Bulyanhulu Processing initiatives improves recoveries
Bulyanhulu… Processing initiatives improves recoveries Bulyanhulu Plant Recovery (100% Basis) Continuous improvements drive plant recovery up to 96% in Q2 2023 Initiatives including control improvements, prevention of pregnant robbing and operator training, all implemented without capital spend
Slide 14: Bulyanhulu geophysical surveying identifies further mineral potential
Bulyanhulu…geophysical surveying identifies further mineral potential Mineralised Shears Conceptual targets Kalemero identified beneath Legacy data review identifies further Host Shears / Contacts N expansive cover mineral potential within the Special Stratigraphic formlines Ngula Mining Licence (SM
Slide 15: North Mara gold production
North Mara…gold production North Mara ore tonnes mined and Kt development metres (100% Basis) Metres Open Pit Mining 100,000 800 Continued ramp-up at Gena pit with the first ore 80,000 600 delivered in Q2 2023 - focus now on increasing ore 60,000 delivery to the plant while maintaining mining above
Slide 16: North Mara district ongoing exploration identifies new targets
North Mara district… ongoing exploration identifies new targets Framework drilling Targeted programs Updating geological in progress in progress model beneath cover N Currently drill testing key areas of interest along Gokona Corridor Utilising geophysical surveying to assist drill targeting and est
Slide 17: Supporting our communities since 2019
Supporting our communities since 2019… Road Infrastructure – North Mara Community Engagement Landmark project – North Mara 2% Economic Road development infrastructure 8% 25% Water & Power projects 4% $12.5m Ntobo Nursing School – Msalala - Bulyanhulu Bulyanhulu Girls S/School Hostel Health Education
Slide 18: Community Development Committee projects
Community Development Committee projects… Barrick has invested over US$7 million1 in community initiatives through its Tanzanian CDC’s, established shortly after it took operational control of Acacia’s mines in 2019. Some of the projects include: ■ Improved school and health infrastructure such as c
Slide 19: Local commitment
Local commitment… Key Achievements Ongoing Initiatives H1 2023 total local spend at 84% and indigenous spend at Second cohort of business development program to start in Q3 65%, exceeding annual target of 61% Encouraging investors to establish in-country manufacturing Successfully switched over to l
Slide 20: Commitment to employment of nationals
Commitment to employment of nationals… Twiga Complex Key Achievements: Composition of Employees 96% Tanzanian workforce – 46.1% hired from Expat Expat communities surrounding the operating mines Employees Contractors 1% 60% of senior management are Tanzanian 3% Female employees make up 12% of total
Slide 21: Environmental Management
Environmental Management… Buzwagi - Rehabilitation North Mara - Water Management Bulyanhulu - Waste Management Approx. 250 ha have been rehabilitated Commencement of leachate (water from 95% of generated waste material over the past 2 years waste rock dumps) treatment at High recycled by NEMC approv
Slide 22: Buzwagi closure and community development
Buzwagi closure and community development… Buzwagi is in closure but we continue to invest in the community with the construction of an 8.5km water pipeline to supply ~ 34 l/s water to Kahama town, benefitting more than 50,000 people Buzwagi leaves a legacy with the approval a Special Economic Zone
Slide 23: North Mara Transforming the community
North Mara… Transforming the community Water Project Key achievements Matongo Agribusiness North Mara in partnership with Rural Water Supply and Sanitation At North Mara the landmark project provides direct employment Agency (RUWASA) in Tarime district - completed water supply project to 50 youths a
Slide 24: North Mara Community engagement and support
North Mara… Community engagement and support Barrick North Mara handing over Official opening ceremony of Community Ongoing maintenance and rehabilitation of medical equipment worth $60k at Development Committee (CDC) community roads Nyangoto Health Centre initiatives Completed 2 in 1 staff housing
Slide 25: 2023 The year ahead
2023…The year ahead Key focus areas in Tanzania Continue to ramp up our drilling and exploration programs in the hunt for the next Tier One operation in Tanzania Successful open cast transition from Rama to Gena at North Mara leveraging new trucking fleet for cost and production efficiencies Fulfill
Slide 26: North Mara Today
BARRICK NORTH MARA TODAY...
Slide 27: Restoring the Social Licence
Restoring the Social Licence… Barrick has worked diligently to restore and Other actions included reviewing the rebuild the relationship with the local relationship with the local police to community. A key focus has been to ensure establish clear boundaries. Police now only the local community mean
Slide 28: North Mara Engagement with National NGOs
North Mara… Engagement with National NGOs Human Rights Organizations Focus Area Hakirasimali Mining Legal and Human Rights Centre (LHRC) Human Rights Hakimadini Mining Voluntary Service Overseas (VSO) Human rights Tuwakomboe Paralegals Human Rights Tanzania Human Rights Defenders Coalition (THRDC) H
Slide 29: Effective grievance procedure
Effective grievance procedure… Barrick was quick to establish an effective grievance mechanism at North Mara and formed a grievance resolution committee to best resolve both legacy complaints as well as new ones. The grievance procedure was subsequently rolled out at all 11 neighbouring villages and
Slide 30: Recruiting Locals
Recruiting Locals… Barrick also implemented its global local- first recruitment policy, prioritizing jobs for residents of North Mara’s neighbouring communities and implementing a localization plan to identify talent and to provide them with world-class training and mentorship programs. 25% increase
Slide 31: 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 communi