Slide 1: The Value of Partnerships
BARRICK TANZANIA wi es—‘i—sCS™ The Value of Partnerships Minerals Corporation Limited @] c partnership between Barrick Gold Corporation fi and the Government of 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 our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, o
Slide 3: Our Global Presence
Our Global Best portfolio of Tier One1 gold assets and Presence doubling copper exposure by 2029i Donlin Geographical (50%) CANADA distribution of 2023 Loulo- gold production Fourmile 100% USA Hemlo Gounkoto 80% 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Reko Diq 50% 60% EGYPT Turquoise Ridge DOMI
Slide 4: Key Milestones
Key Milestones 2024 Q3 2021 H2 Buly: Special Mining Gold Price US$/oz Bulyanhulu (Buly) License renewed – 25yrs. 25km conversion - 1,235 km2 added to 2,500 exploration portfolio drilling added 2021 H1 - Start the Upper West 1.1Moz of reserve North Mara Box cut to bring (NM) NM: Successfully operatio
Slide 5: 2024 Highlights
2024 Highlights Delivering on our business plan North Mara Early start of Gokona cutback to provide 2025 production flexibility Commenced development of new surface decline at Gokona Paste plant and filtration plant commissioning in final stages of completion Drilling works commenced for the ventila
Slide 6: Journey to Zero
Journey to Zero Operations proactively focused on the reduction of mobile equipment incidents Roll-out of the Barrick Fatal Risk Standards on track Operations started with a Gap Assessment against the minimum requirements from the fatal risk standards and physical conditions. Actions plans being dev
Slide 7: Safety...continuing our Journey to Zero
Safety…continuing our Journey to Zero Safety TWIGA operations remain Lost Time Injury free for 2024 TWIGA TRIFR2 2.5 LTIFR 2 for 2024 was 0.00 TRIFR2 decreased from 1.45 in 2023 to 0.93 in 2024 1.99 2 1.82 Total Recordable Incidents decreased from 27 in 2023 to 19 in 2024 1.48 1.5 1.39 Critical Cont
Slide 8: Health...
Health... Malaria Malaria elimination program strategy successfully deployed Change to the Indoor Residual Spray (IRS) product based on recommendations of the Entomological Study Community malaria program reinforced Malaria awareness enhanced with behavioural change communication TWIGA MIR 120 8.22%
Slide 9: North Mara operational performance
North Mara operational performance North Mara Undergound Ore Tonnage Mining 1,600,000 Gold production on track to achieve within guidance range 1,400,000 Open pit mining improvements driven by cycle-time optimization, increased truck payloads, and improved equipment availability 1,200,000 Automation
Slide 10: North Mara...Exploration framework and targeting
North Mara…Exploration framework and targeting Planned framework drilling and RC program establishing Deep drilling testing geophysics to develop knowledge target opportunities Gena extensions. Framework drilling programs and multiple geophysical surveys expanding knowledge Gena of near-mine opportu
Slide 11: Bulyanhulu operational performance
Bulyanhulu operational performance Processing In Q4, we saw improved throughput and recovery from Q3 to set Underground Mining us up to achieve guidance for the full year Upper West boxcut completed in mid-December 2024, and decline portal started - on track to reach first ore by the end 2025 Bulyan
Slide 12: Bulyanhulu...Growth and creating operation flexibility
Bulyanhulu…Growth and creating operation flexibility Upper West January 2024 Upper West September 2024 Upper West December 2024 The Upper West boxcut was completed in mid-December 2024, and the decline portal has started On track to reach the first ore by the end of 2025 12
Slide 13: Bulyanhulu...Exploration inlier drilling beneath cover
Bulyanhulu…Exploration inlier drilling beneath cover Bulyanhulu NW Barrick Deposit AC drilling to establish framework Aircore (AC) geochemical and geology Suppressive Cover geology & geochemical signature RC framework drilling, continued testing for N beneath cover AC blind satellite opportunities B
Slide 14: Environmental management
Environmental management Buzwagi - Rehabilitation North Mara - Water Management TSF Operation and Management Tailings Storage Facility (TSF) cover Commissioned pumping infrastructure to Bulyanhulu mine successfully and closure spillway underway treat acidic water generated from Gena completed the re
Slide 15: Overall economic contribution since Barrick assumed operational control in 2019
Overall economic contribution since Barrick assumed operational control in 2019 Continues to be one of the largest contributors to Total In-Country Investment the economy through taxes paid, employment, community projects and distributions to Twiga 2019 – 2024 shareholders Dividend $158m $4.24 billi
Slide 16: 2024 local content update
2024 local content update Key Achievements Ongoing Initiatives Total local spend was at 83% and indigenous company3 spend Preparations and plans for 2025 Local Business Development was at 75%, exceeding annual target of 61% Program in progress On 7 December 2024, Bulyanhulu Gold Mine hosted an annua
Slide 17: Commitment to local employment
Commitment to local employment Key Achievements: Composition of Employees and Contractors 96% Tanzanian workforce – 53% hired from communities surrounding the operating mines Expats Contractors 57% of senior management positions are held by 2% Tanzanians Female employees make up 13% of total 6,185 h
Slide 18: Recognition and awards received in 2024
Recognition and awards received in 2024 Awards by the Association of Tanzania Employers (ATE) 2024: Best Employer Overall – 1st Runner Up (North Mara Gold Mine) Private Sector Award – 1st Runner Up (North Mara Gold Mine) Best Corporate Social Responsibility (North Mara Gold Mine) Occupational Health
Slide 19: Recognition and awards received in 2024
Recognition and awards received in 2024 Recognized by the Ministry of Water for boosting water services and environmental conservation during Mara Day celebrations Occupational Safety and Health Authority (OSHA) Awards: Best Overall OHS Winner (Bulyanhulu mine) Best OHS in the Mining Sector (Bulyanh
Slide 20: Barrick Academy at Buzwagi Special Economic Zone
Barrick Academy at Buzwagi Special Economic Zone The Barrick Academy was inaugurated by the Minister of Minerals on 18 March 2024 at the Buzwagi closure site The academy has successfully delivered training to 1,699 foremen, supervisors and superintendents from the Africa and the Middle East Region.
Slide 21: Supporting our communities since 2019
Supporting our communities since 2019 Others Economic (Community Development engagement) 8% 5% Road Infrastructure 25% Climate change mitigation initiatives $15.8m Water & Power Projects 4% Health Education 21% 37% Education Building capacity for people with special needs 21
Slide 22: Supporting national infrastructure
Supporting national infrastructure Kahama – Kakola 73km to tarmac road Committed to spend up to US$40m Upgrading the 73km road to Bitumem standards From Kahama to Bulyanhulu Junction The upgrade includes: Road drainage Earthworks Pavement layers Asphalt pavements and seals (bitumen and concrete) Anc
Slide 23: Supporting national infrastructure
Supporting national infrastructure Malenge Irrigation Scheme part of Buzwagi mine closure Dam is filled approx. 1.5 million m3 500Mt warehouse and processing facility Irrigation canals construction Good agriculture practices training 23
Slide 24: Bulyanhulu...Strengthening our License to Operate
Bulyanhulu…Strengthening our License to Operate GBV awareness for schoolgirls Climate change mitigation initiatives Hosted the Ministry of Minerals team Partnered with community leaders to combat Trained over 200 women on the use of gas for Hosted the Ministry of Minerals team to gender-based violen
Slide 25: North Mara...Strengthening our License to Operate
North Mara…Strengthening our License to Operate Engagement with Human Rights Organizations and CHRAGGi Media Engagements Continued engagement with Human Rights Organizations to Quarterly media engagements used as tool to share address misinformation has enhanced trust and cooperation information reg
Slide 26: Strengthening our License to Operate
Strengthening our License to Operate Fostering development and enhancing quality of life: 2024 Dispensary at Komarera Village Matongo Secondary School Women empowerment and the fight to stop Female Genital Mutilation (FGM) Health Infrastructure Education Infrastructure Education and Awareness Comple
Slide 27: North Mara handed over TZS 2,106,207,460 in royalties to beneficiary villages
North Mara handed over TZS 2,106,207,460 in royalties to 5 beneficiary villages The event was graced by the Minister of Community Development, Hon. Dorothy Gwajima 27
Slide 28: Endnotes
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Richard Peattie, MPhil, FAusIMM, Mineral Resources Manager: Africa and Middle East; Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resource Management and Evaluation Ex
Slide 29: Appendix A – Assumptions/Outlook
Appendix A – Assumptions/Outlook Key Outlook Assumptions 2024 2025 2026+ Gold Price ($/oz) 2,400 2,400 2,400 Copper Price ($/lb) 4.00 4.00 4.00 Oil Price (WTI) ($/barrel) 80 70 70 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 800 800 800 CAD Exchange Rate (USD:CAD) 1.30 1.30
Slide 30: Appendix B – North Mara Historical Total Mineral Reserves
Appendix B – North Mara Historical Total Mineral Reservesi Proven Probable Total Based on 100% Basis Tonnes Grade Contained ozs Tonnes Grade Contained ozs Tonnes Grade Contained ozs Year Gold Price Assumption Project (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) 2019 $1,200/oz North Mara 1.3
Slide 31: Appendix C – Bulyanhulu Historical Total Mineral Reserves
Appendix C – Bulyanhulu Historical Total Mineral Reservesi Proven Probable Total Tonnes Contained Tonnes Contained Tonnes Contained Based on 100% Basis Grade ozs Grade ozs Grade ozs Year Gold Price Assumption Project (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) (Mt) (gm/t) (Moz) 2019 $1,200/oz Bulyanhulu 2.4