Slide 1: Kibali off to a good start
Operated by Kinshasa, April 2021 Kibali off to a good start…
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: 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: Benefits the Kibali investment has brought to the NE DRC
Benefits the Kibali investment has brought to the NE DRC… OPENED UP ECONOMY IN NE DRC CREATING SUSTAINABLE BUSINESSES – EDUCATION AND SKILLS TRAINING 2009 2010 2010 2010 2010 2011 2010 to date 2010 to date Randgold and SOKIMO offered to Kibali doubles Public Resettled 4200 Construction Social uplift
Slide 5: Q1 update: Delivering on the 2021 business plan
Q1 update… Delivering on the 2021 business plan Robust Covid-19 protocols and continued discipline resulted in no significant impact from the “Second Wave” Solid Q1 production of 192koz keeps Kibali on plan and on track to achieve full year guidance1 Consistent UG mining performance, together with i
Slide 6: Safety, Health and Environment
Safety, Health and Environment… Safety LTIFR2 Two Lost Time Injuries (LTI) recorded during Q1 7 Corrective measures defined and implemented 6 ISO 45001 accreditation retained 5 Environment ISO 14001 accreditation retained 4 Environmental certificate from Agence Congolaise de l’Environnement (ACE) gr
Slide 7: Safety, Health and Environment
Safety, Health and Environment… Malaria Malaria Incidence Rate (%) Malaria incidence rate for Q1 2021 of 2.36% 150 125 Community peer educators were engaged in door-to-door awareness 100 and housekeeping, with involvement of the local department of health 75 50 25 HIV Program 0 904 VCTsi conducted w
Slide 8: Kibali Underground
Kibali Underground… Underground Mining Production1 914kt ore mined in Q1 2021 Delivery of 823kt ore through the shaft 2,010m of development in Q1 2021; impacted by Jumbo operator coverage Paste plant achieved volumes of 262,000m3 in Q1 2021 UG ore tonnes Q1 20211 Development metres Q1 20211 500 Ore
Slide 9: Plant Performance
Plant Performance… Q1 2021 gravity gold contribution to overall production was 23.5% Q1 Kibali Gold Production (koz)1 80 60 68 65 59 40 20 0 Jan-21 Feb-21 Mar-21
Slide 10: Plant Performance
Plant Performance… Q1 Throughput1 Q1 Recovery 100% 90% Q1_2021 1,986kt 90.3% 89.7% 90.2% 80% Q4_2020 1,949kt 70% 60% Q3_2020 1,919kt 50% 40% Q2_2020 1,905kt 30% 20% Q1_2020 1,863kt 10% 0% 1,600 1,650 1,700 1,750 1,800 1,850 1,900 1,950 Jan-21 Feb-21 Mar-21
Slide 11: Power Generation
10 15 20 25 30 35 40 0 5 MW Mar-18 Apr-18 May-18 Jun-18 Jul-18 Aug-18 Sep-18 Oct-18 Nov-18 Power Generation… Dec-18 Jan-19 Feb-19 Mar-19 Hydro/Diesel Power Blend Apr-19 May-19 Jun-19 Hydro Jul-19 Aug-19 Sep-19 Oct-19 Diesel Nov-19 Dec-19 Jan-20 Kibali Total Power Generation Feb-20 Cost Mar-20 Apr-20
Slide 12: KZ Structure: resources replacement pipeline
KZ Structure…resources replacement pipeline Tete Bakangwe Tete Bakangwe; Drilling confirms updated geological model of N Ikamva Modified geology outlined northeast plunging mineralisation on folded banded iron formation Kalimva by drilling, supports OC (BIF) contacts, proximal to a shear zone. Assay
Slide 13: KCD UG delivers continued pipeline of mineral reserve and mineral resource growth
KCD UG delivers continued pipeline of mineral reserve and mineral resource growth… KCD Open Pit3: 2020 Total Proven Reserve: 1.0Mt @ 2.59g/t for 85koz in progress 11.5m @ 1.0g/t DDD604 DDD603i 16.68m @ 6.48g/t 2020 Total Probable Reserve: 1.9Mt @ 2.59g/t for 160koz 2020: 3000 Lode DDD602i Mineral Re
Slide 14: Pakaka Middle Lens and Tete Bakangwe opportunities
Pakaka Middle Lens and Tete Bakangwe opportunities… Drilling ongoing to test new geological model; mineralization on folded BIF contacts compared to previous model of narrow mineralization along a northeast shear Pakaka Thrust front Mined pit Drilling to date supports the new model: BIF (with quartz
Slide 15: Kibali Employees in Q1 2021
Kibali Employees in Q1 2021… National Expat Expat Casuals Contractors Employees 160 (3%) 102 (2%) 216 (4%) National Employees National 1,572 (31%) Contractors 3,075 (60%)
Slide 16: Local contractors and supply strategy: more than CSR
Local contractors and supply strategy… more than CSR $35 million spent on local contractors during Q1 2021 Ongoing civil construction and roadworks performed by Congolese contractors (IOB, TES and BTC) Partnership with Congolese engineering contractor (TES) for plant maintenance Food and Camp servic
Slide 17: Committed to our partnership philosophy: local and international spend
Committed to our partnership philosophy… local and international spendi Specialist contracts Construction General services Total contract Shaft sinking contract and supply chain spend Underground mining contract Master drilling $ million $ million $ million $ million 3,000 300 1,000 4,000 900 3,500
Slide 18: Kibali makes a difference: Q1 2021
Kibali makes a difference…Q1 2021 Infrastructure development and maintenance Durba concrete road project: 1.5km advanced Local Economic Development Projects Various community schemes continued with income generating activities Education Bursary scheme granted to 71 students in different universities
Slide 19: Some of our achievements
Some of our achievements… Concrete road – 1.5 km advanced Renovation of the roof of the Kokiza Renovation of Surur Admin Office Catholic church Renovation of the Marbour health centre
Slide 20: Agribusiness: local supply to Kibali
Agribusiness…local supply to Kibali Agribusiness Feasibility study for sunflower oil production project conducted Renovation of the piggery and the poultry building in Doko II now complete Renzi Garden Previously trained 10 women as a cooperative with a 2ha garden now fully operational Various veget
Slide 21: Outstanding legal and fiscal issues: working towards amicable solutions
Outstanding legal and fiscal issues… working towards amicable solutions Engagement with cabinet and administration… Engaged with the administration and maintained a working relationship Engaged with provincial government on several matters Held several high profile site visits with officials from pr
Slide 22: Endnotes
Endnotes… 1. On a 100% basis. 2. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked. 3. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Proj
Slide 23: Appendix A: Kibali Significant Intercepts
Appendix A…Kibali Significant Interceptsi 5000Lode_DDD602 drill results i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is Lode Core Drill Northing Easting (m) RL(m) AZIMUTH DIP Interval (m) Width Au 2m; internal dilution is equal to or less than 25%
Slide 24: Appendix B: Kibali Significant Intercepts
Appendix B…Kibali Significant Interceptsi Includingv i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 2m; internal dilution is equal to or less Interval than 25% total width Hole IDii Azimuth Dip Interval (m) Width (m)iii Au (g/t) Width (m)iii Au (g