Barrick Mining Corporation · TSX:ABX

Barrick Mining — Barrick Gold — Q2 2022 Earnings Presentation

10 slides from Barrick Mining's earnings presentation, Aug 8, 2022

  1. Slide 1: Gold production and sales by quarter

    1,041 — 1,092 1,208 1,043 Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022

  2. Slide 2: Gold and copper cost of sales, cash costs and AISC

    GOLD COST OF SALES b , TOTAL CASH COSTS c , COPPER COST OF SALES b , C1 CASH COSTS c , AND ALL-IN SUSTAINING COSTS c ($ per ounce) AND ALL-IN SUSTAINING COSTS c ($ per pound)

  3. Slide 3: Cost of sales, total cash costs and AISC by quarter

    1,190 1,216 1,212 1107 4,087 1122 4 994 4,075 Git 971 832 85: i y ar | Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 & HE Cost of sales HE Total cash costs AISC

  4. Slide 4: Net earnings, adjusted EBITDA and capital expenditures

    NET EARNINGS, ADJUSTED EBITDA c AND ATTRIBUTABLE CAPITAL EXPENDITURES e ADJUSTED EBITDA MARGIN d ($ millions)

  5. Slide 5: Net earnings, adjusted EBITDA and margin by quarter

    9 59% 59% 63% 58% 53% —_—_—_—_—_— 2,070 1,719 1,669 1,645 1,527 4 of 347 a A. 438 488 Oo = Q2 2021 Q3 2021 Q4 2021 Q1 2022 Q2 2022 I Net earnings ($ millions) Il Adjusted EBITDA ($ millions) -@ Adjusted EBITDA Margin (%)

  6. Slide 6: Operating cash flow, free cash flow and dividends

    OPERATING CASH FLOW AND FREE CASH FLOW c DIVIDENDS f (cents per share)

  7. Slide 7: Operating and free cash flow with gold market price

    $1,816 $1,790 $1,795 $1,877 1,387 1,050 $1,871 1,004 924 639 . oO Sy mo ad — Q2 2021 Q3 2021 Q4 2021 Q1 2022 IE Operating Cash Flow ($ millions) I Free Cash Flow ($ millions) —e— Gold Market Price ($/oz) Q2 2022

  8. Slide 8: Operating performance commentary

    OVERVIEW OPERATING PERFORMANCE GROWTH PROJECTS & EXPLORATION REVIEW OF FINANCIAL RESULTS OTHER INFORMATION & NON-GAAP RECONCILIATIONS FINANCIAL STATEMENTS The the completion of Phase 1 mining at Long Canyon in May 2022, and the end of mining at Buzwagi as the operation transitioned into closure in t

  9. Slide 9: Copper revenues and market price commentary

    OVERVIEW OPERATING PERFORMANCE GROWTH PROJECTS & EXPLORATION REVIEW OF FINANCIAL RESULTS OTHER INFORMATION & NON-GAAP RECONCILIATIONS FINANCIAL STATEMENTS Copper revenues in the second quarter of 2022 decreased by 26% compared to the prior quarter due to a lower realized copper price 1 . The average

  10. Slide 10: Production changes at Long Canyon, Buzwagi and North Mara

    the completion of Phase 1 mining at Long Canyon in May 2022 and the end of mining at Buzwagi as the operation transitioned into closure in the third quarter of 2021 (both included in the "Other" category above). . the completion of Phase 1 mining at Long Canyon in May 2022, and the end of mining at

Barrick Gold — Q2 2022 Earnings Presentation on 6ix