Slide 1: Investing in Cote d'Ivoire's future
Africa & Middle East Investing in Cote d’Ivoire’s future… Tongon Mine, February 2021
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 histor
Slide 3: To be world class, we need to be global
To be world class, we need to be global… i In Q1 2020, Barrick sold its stake in Massawa to Teranga Gold (“Teranga”) and retained an 11% equity interest in Teranga. In November 2020, Endeavour Mining and Teranga jointly announced an intention to merge.
Slide 4: Tongon Mine… History in Cote d'Ivoire
Tongon Mine… History in Cote d’Ivoire 2014 2015 2015 2016 2017 2019 2020 2020 2020 Nominated best Nominated best Tongon Mine Tongon Mine Nominated Q1 Randgold Power Line LOM Gold Production mine in Côte mine in Côte pays off its declares and best mine in & Barrick reimbursement extended by Target Ex
Slide 5: Delivering on 2020 business plan
Delivering on 2020 business plan… Solid annual production of 285koz, delivering at upper-end of guidance1 Production underpinned by strong throughput with record plant runtime of 95.2% achieved in October 2020 Improved throughput and cost reduction initiatives expected to have a positive impact on p
Slide 6: Tongon… what we found and what we've established
Tongon… what we found and what we’ve established Village before the mine Village today
Slide 7: Tongon… what we found and what we've established (healthcare)
Tongon… what we found and what we’ve established Healthcare (Before) Healthcare (After) Traditional treatment Modern infrastructure includes infirmaries, maternity section, surgical unit, nursing staff accommodation
Slide 8: Tongon… what we found and what we've established (water)
Tongon… what we found and what we’ve established Drinking Water (before) Water supply (after)
Slide 9: Tongon… what we found and what we've established (education)
Tongon… what we found and what we’ve established Education Tongon village school before the project… only one classroom
Slide 10: Our footprint… Education, Health and Drinking Water
Our footprint… Education, Health and Drinking Water To date, education-related spending stands at $1.9 million (nearly CFA 1 billion) providing schools and educational material to community villages - opportunity created for more than 6,000 students to have a school education >$1.5 million (CFA 650m
Slide 11: Roads and bridges
Roads and bridges... $3.8 million (CFA 2.3 billion) invested in building and maintenance of roads and tracks in the vicinity of the mine and in building bridges and other infrastructure: Major annual maintenance of Tongon-Korhogo and Tongon Road Bridge of Korokara Mbengue-Kationron Mbengue roads Res
Slide 12: Safety, health and environment
Safety, health and environment Health and Safety Environment One Lost Time Injury (LTI) in October 2020 after the mine had achieved Zero Class 1 or 2 environmental incidents2,3 15,327,033 LTI free work hours in 1,120 calendar days Robust water management program at Tongon with no uncontrolled Tongon
Slide 13: Tongon performance… Improvement in production and throughput
Tongon performance…Improvement in production and throughput1 Kt Record plant runtime of 95.2% koz achieved in October 2020 5,000 350 4,500 300 4,000 3,500 250 3,000 200 2,500 150 2,000 1,500 100 1,000 50 500 0 0 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Production Throughput, Kt
Slide 14: Mill stoppages due to power issues
Mill stoppages due to power issues…. voltage or frequency variance Actions: Training of powerhouse operators on “control and operation of a power plant” Rebuild of gensets in case of CIEi unavailability Conditional mill monitoring implemented to mitigate “gold stoppers” Impact: Mill stoppages due to
Slide 15: Tongon LOM extensions future programs for potential reserves addition
Tongon LOM extensions future programs for potential reserves addition… NZ-Seydou Gap Corridor Djinni N Seydou S. Field mapping + RCi drilling (2,125m) to Extension drilling & field test conceptual ore model mapping targeting TNZ definition of new potential TSZ around Belekolo NZ-NE Satellite Tongon
Slide 16: Large portfolio and work programs focused on defining standalone deposits or satellite orebodies
Large portfolio and work programs focused on defining standalone deposits or satellite orebodies Syama Boundiali permit: Screened all targets with economic criteria and identified Sani, Lafleur, Kassere & N Fonondara as having potential to become satellites to Tongon Tongon Boundiali Mine Surface wo
Slide 17: Illegal mining sites remain a challenge
Illegal mining sites remain a challenge… Value destruction for Cote d’Ivoire and Investors Government support has been forthcoming on the issue Illegal artisanal miners continue to operate in the south Resource areas at Fonondara are now secured, pits and of corridor around Katiere village and in th
Slide 18: Development of local skills
Development of local skills… Total Employees: 1,831 Nationals: 1,798 (98%) Mine Permanent Expat Expats: 33 (2%) Expats Contractors 11 (0.6%) 22 (1.2%) Mine Permanent Locals Nationals 684 (37.3%) Contractors 982 (53.7%) Mine Temporary Locals 132 (7.2%)
Slide 19: Developing new generation of leaders
Developing new generation of leaders… Investment in human capital, with a particular focus on youth, who will provide future leadership of the company Sourcing emerging talent at the major tertiary education institutions: Convention with INP-HB (National Polytechnic Institute) Individual mentoring f
Slide 20: We value our employees
We value our employees… Coronavirus Prevention Donation to Employees Preventative measures Donation to implemented celebrate important employee occasions Christmas Tree Project Motorbikes ordered to 860 children of comply with social workers received distancing Christmas gifts Other events Special m
Slide 21: Local contractors and supply strategy
Local contractors and supply strategy… $105 million or 66% of total procurement spend on local contractors for 2020 Local contractors represent 73% (140) of total suppliers Partnership with Ivorian contractor SAMA for road construction and haulage Partnership with Ivorian contractor for powerhouse g
Slide 22: In country investment… $1.62 Billion paid by Tongon
In country investment… to the end of 2020 $1.62 Billion paid by Tongon in the form of taxes, Direct contributions include: Health center infrastructure, salaries and payments to local suppliers School US$ million Water furniture Visible contributions directly Agricultures in the area of the project:
Slide 23: Tongon CSR stakeholder engagement
Tongon CSR stakeholder engagement… > $12.7 million (CFA 7.8 billion approx.) as at end of 2020 Potable water 5 HVA, modern water supply system constructed, including one with solar energy 2 major projects (Tongon, Poungbe) to be managed by SODECI 8 committees established for water management in vill
Slide 24: Delivering our promises… 2020 community projects are 100% completed
Delivering our promises… 2020 community projects are 100% completed All main projects have been completed before the deadline for US$342k… Offices of Kofiple secondary school and three classrooms for the new Tongon school (Drissavogo) Six houses for medical staff – two for teachers The Kationron – M
Slide 25: Supporting the fight against Covid-19
Supporting the fight against Covid-19… Awareness campaigns for the fight against Covid-19 continued this quarter, as did further improvement of hand washing facilities Community radio involved in mass communication campaign Donation of US$440m (CFA 260 million) granted to combat the virus
Slide 26: Engagement with stakeholders for sustainable local community development
Engagement with stakeholders for sustainable local community development… Preparations for the 2020-2021 Maize farm project focusing on sustainability meetings involving the likely project partners, Callivoire, a microfinance company Baobab and the Tongon management team, resulted in: Loan managemen
Slide 27: Tongon… a look at 2021
Tongon…a look at 2021 Building on exploration momentum to replace reserves and further extend the LOM Placing further emphasis on cost discipline and efficiencies to drive decreased mining, processing and G&A costs Improving mill grind to stabilize flotation gold recovery and control soluble gold lo
Slide 28: 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