Slide 1: Cortez District
Cortez District September 22, 2022
Slide 2: Cautionary Statement on Forward-Looking Information
CORTEZ Cautionary Statement on Forward-Looking Information Certain infor mation contained or incorporated by reference in this presentation, including any infor mation as to our strategy, projects, plans or future financial or operating perfor mance, constitutes “forward-looking statements”. All sta
Slide 3: Cortez Complex
Cortez Complex Crescent Valley Mill 2 Pipeline Gold Acres Crossroads Second largest gold producer in NGM Range Front CHUG 14Moz P&P reserves at 4.17g/ti Portals Portals Post-NGM formation allowed processing of refractory ore Pine Valley at closer facility Cortez Hills OP Fourmile Oxide growth potent
Slide 4: Cortez on a page
Cortez on a page Cortez (100%) H1 2022 2022 Guidance Underground 11Moz at 7.79 g/t – P&P reservesi 2 underground mines Gold Production (koz) 345 780 - 860 Current mining rate ~2.4mtpa Cost of Sales ($/oz)1 1,138 970 - 1,050 Surface 3.4Moz at 1.68g/t – P&P reservesi Total Cash Costs ($/oz)2 814 650 -
Slide 5: Historic Cortez
CORTEZ Historic Cortez Tenabo Cortez Complex History History Crescent Valley Silver discovered 1862 Imported technology from 1862 Silver found at base of Mt. Tenabo Comstock for Gold by 1863 – 1892 Cortez Mines Ltd. 1886 Consolidated many times over Pan amalgamation, 1908 Cortez Metals Recovery Co.
Slide 6: Nevada Gold Mines Cortez District
CORTEZ Nevada Gold Mines Cortez District Overview Crescent Valley Operations spanning three valleys Crescent Valley Cortez Complex Grass Valley 62 miles southwest of Elko Approx. 150 square miles Pine Valley Second largest gold Mill 2 producer in NGM Onsite Support Functions 14Moz P&P @ 4.17g/ti Pip
Slide 7: Nevada Gold Mines Cortez District – Underground Operations
CORTEZ Nevada Gold Mines Cortez District Underground Operations Cortez Hills Underground Gold Goldrush Underground Acres Goldrush Pipeline Foundation of the future of Cortez and NGM Crossroads Exploration declines completed in 2020 Cortez Hills UG Continuing development and exploration Lower UG oper
Slide 8: Nevada Gold Mines Cortez District – Open Pit Operations
CORTEZ Nevada Gold Mines Cortez District Open Pit Operations Gold Acres Pipeline Final pit to be mined in the LOM Pipeline Crossroads Currently mining Cortez Hills (buttress) Gold Acres Phase 10 Cortez Pits & NW Deeps Phases 11,12,13 under evaluation Gold Acres Pipeline Oxide and refractory Robertso
Slide 9: Nevada Gold Mines Cortez District – Mill - Oxide
CORTEZ Nevada Gold Mines Cortez District Mill 2 - Oxide ~13kt / day SAG and Ball Mills 8 x CIL and 6 x CIC Processing Facilities Pipeline Mill 2 (Oxide) Gold Mill 2 Area 30 – Leach Acres Area 34 – Leach Pipeline Crossroads A30 A30 Leach Pad Cortez Pits & Commenced 2002 Pipeline Oxide Mill NW Deeps G
Slide 10: Cortez Exploration Projects
CORTEZ Nevada Gold Mines Cortez District Cortez Exploration Projects Robertson Robertson Emerging Tier 2 Asseti Goldrush Extensions Leach and oxide mill Upper plate deposit with Fourmile (100% Barrick) excellent growth potential Northern Canyons (NGM) Gold Mill 2 CHUG Extensions (Hanson Acres Feeder
Slide 11: Tailings Storage Facilities
CORTEZ Tailings Storage Facilities NGM adopted the Global Industry Standard on Tailings Management (GISTM) in 2021 Potential Failure Mode Analysis (PFMA) are performed for all phases of TSF design to identify credible failure modes and to determine the Failure Consequence Classification (FCC) TSF Ov
Slide 12: ESG and Sustainability Reporting
CORTEZ ESG and Sustainability Reporting At Barrick: At Cortez: Zero discharge of process or contact water with 95% water use efficiency. Partnership with state and federal agencies to enhance over 6000 acres of mule deer and sage grouse habitats. Seeps and Springs quarterly monitoring incorporating
Slide 13: Technical Information
CORTEZ Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Craig Fiddes, SME-RM, Manager – Resource Modeling, Nevada Gold Mines; John Steele, CIM, Metallurgy, Engineering and Capital Projects Executive; Rodney Quick, MSc, Pr
Slide 14: Endnotes
CORTEZ Endnotes 1. Gold cost of sales per ounce is calculated as cost of sales across our gold operations (excluding sites in care and maintenance) divided by ounces sold. 2. “Total cash costs” per ounce, “All-in sustaining costs” per ounce and "All-in costs" per ounce are non-GAAP financial perform
Slide 15: Endnotes
CORTEZ Endnotes 3. Cortez Complex Reserves are summarized below. Totals may not appear to sum correctly due to rounding. December 31, 2021 Gold Mineral Reserves Proven Probable Proven + Probable Tonnes Grade Ounces Tonnes Grade Ounces Tonnes Grade Ounces (Mt) (g/t) (Moz) (Mt) (g/t) (Moz) (Mt) (g/t)