Slide 1: Barrick Media Briefing October 2021
Barrick Media Briefing…October 2021 Bulyanhulu – October 10, 2021
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: Our Global Business
Our Global Business… In April 2020, Porgera was placed on care and maintenance. Porgera’s ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021
Slide 4: Barrick rebuilding our partnership with Tanzania
Barrick…rebuilding our partnership with Tanzania Significant progress at North Mara and Bulyanhulu since the new Barrick assumed operational control in 2019 2017 2019 2019 2019 2020 2020 2020 2020 2021 2021 2021 January May October Acacia, New Barrick TWIGA UG mining Tanzanians Buzwagi First in form
Slide 5: Delivering on the 2021 Business Plan
Delivering on the 2021 Business Plan… North Mara and Bulyanhulu remain on track to deliver on production guidance for the year Barrick is well positioned to add additional ounces through exploration Opportunities to extend Life of Mine at North Mara with Gokona Pit and Rama Pit cut backs - 9 drill r
Slide 6: Delivering on the 2021 Business Plan
Delivering on the 2021 Business Plan… Successful drill conversion of the upper portion of Deep West at Bulyanhulu leads the way to potentially adding significant reserves and unlocking value in the mine plan New exploration targets in the northeastern area of the special mining license support long
Slide 7: Key Strategic Matters: Environmental
Key Strategic Matters… Environmental Environmental Highlights: Sustainable Water Management No Class 1 & 2 environmental incidents recorded in Q3i North Mara TSF water reduced to operational level and water treatment plant built to deal with Emission Reduction Initiatives: the brine North Mara: Goko
Slide 8: Key Strategic Matters: Health & Safety
Key Strategic Matters….. Health & Safety Health Safety Covid-19 1 Grievance received at North Mara in Q3 Mandatory measures on site (Pre-travel Screening, Daily Health 18 Total Recordable Injuries including 3 Lost Time Injuries in Check, Face Mask Use, Social Distancing and Hygiene Etiquette) 2021 Y
Slide 9: Key Strategic Matters: Local Content
Key Strategic Matters….. Local Content Key Achievements in local procurement Successfully identified and approved by Mining Commission to enter into long term agreements for the supply of tyres, light vehicles and spares, Sandvik mining equipment and spares, and Mantrac spares Tanzanian spend at 73%
Slide 10: National Workforce Commitment
National Workforce Commitment… Developing national skills and business leaders Expat Contractors Total Employees: 4,133 2% Nationals: 4,021 (97%) National Employees Expats: 112 (3%) 33% National Key Achievements: Contractors 64% 97% Tanzanian workforce - 40% hired from the community surrounding the
Slide 11: Investing in Communities: Sustainability
Investing in Communities… Sustainability Infrastructure development and maintenance Health Digital x-ray imaging to health facilities Malaria control program through household fumigation in 11 3km of tarmac road constructed and completed villages surrounding Bulyanhulu 73km of rural gravel roads reh
Slide 12: Investing in Communities: US$4.8m invested in the community
Investing in Communities… US$4.8m invested in the community 3km tarmac road: Investing in Improving learning and teaching environment Mamuu Chicken entrepreneur in infrastructure for socio-economic is our core value Ilogi village development Ongoing construction of health facility Youth income gener
Slide 13: Economic contribution since Barrick takeover
Economic contribution since Barrick takeover… Salaries US$ 118m Total in-country investment amounted to US$1.263 10% billion since September 2019 when Barrick took over operational control of Acacia, which includes: 48% of Barrick spend (US$609 million) related National Taxes, to the payment for goo
Slide 14: Buzwagi Mine closure update
Buzwagi Mine closure update… Gold production complete and proceeding with closure Process plant ramped down Consulting with Government of Tanzania on implementation of closure plan Updated mine closure plan (MCP) submitted to the Mining Commission - approval pending Rehabilitation activities underwa
Slide 15: Resolving legacy issues
Resolving legacy issues… Gena Land Acquisition: Valuation started with Komarera Village covering 652 acres – 2,921 land parcels successfully valuated 5,406 Project Affected Persons (PAP) in Komarera Village – both landowners and tenants Review of land use plan revealed only 240 acres of land to be a
Slide 16: Key Challenges
Key Challenges… Challenge Description Artisanal Constant recolonization of illegal miners around Barrick permit illegal miners areas despite clearance action by relevant authorities and Intrusion Intrusion and vandalism of mine properties deter mining operations Land New settlement where Barrick pla
Slide 17: Exploring the highly prospective areas of Lake Victoria
Exploring the highly prospective areas of Lake Victoria… Mara Block Exploration expands in the Lake Victoria Goldfields with applications granted for >2500km2 of new ground over prospective belts Regional reconnaissance underway with high prospectivity confirmed across portfolio Follow up screening