Slide 1: Nevada Gold Mines Investor Visit
Nevada Gold Mines Investor Visit 26 February 2026
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 our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, o
Slide 3: Regional Overview
Regional Overview North America Region Organizational Restructure Restructured executive team with stronger operational backgrounds and experience, promoting a number of NGM (61.5%) Americans. Turquoise Ridge Carlin The new leadership has developed deliverable plans, built Cortez incl Goldrush from
Slide 4: North America Optimization
North America Optimization Management Structure 4
Slide 5: Performance
Performance Recent Record Performances Continued Improvement Start to Focus on conformance to plan and minimizing variance (both Performance Metric Best 90ii low and high) day to day to deliver the best longer-term result. Yeari This has led to some of the best 90-day achievements since Turquoise Ri
Slide 6: NGM…By the Numbers
NGM…By the Numbers North America by the Numbers Top 10 Gold Mining Companies by 2025 Annual Productioni 2025 Production (Moz) NGM (Moz) Pueblo Viejo (Moz) Newmont Agnico Eagle Barrick North America Navoi AngloGold Polyus (2024) Gold Fields ii Zijin Mining Kinross Goldii Northern Star (100%) Mining a
Slide 7: North America Delivery and 2026 Focus Areas
North America Delivery and 2026 Focus Areas 2025 Performance (100% basis) 2025 Delivery 2025 2026 Performance Metric Strong Q4 delivery, improving production 12% Q-on-Q Actuali Guidanceii Gold Produced (koz) 3,219 2,880 - 3,220 NGM achieved several records in the underground Cost of Sales ($/oz)10 1
Slide 8: Health & Safety
Health & Safety Safety Performance Safety Culture As we know, Barrick’s safety has not been where it should be. 63% decrease in Lost Time Injuries compared to 2024 YTD We have restructured safety, moving it out from Sustainability and implementing a dedicated role for the VP of Safety NA. 32% decr
Slide 9: People
People Turnover Employer of Choice Significant turnover since the formation of the Joint Venture Restructuring of the remuneration framework Loss of experienced operators and difficulty to attract and retain Frontline workforce monthly bonus new talent, with 58% of new employees leaving within 3 yea
Slide 10: Nevada Gold Mines
Nevada Gold Mines the largest gold mining complex in the world Three Tier One1 Gold Assets Turquoise Ridge Open Pit & Underground Long Canyon Care & Maintenance Phoenix Carlin Complex Open Pit Open Pit & Underground Fourmile Excluded from NGM Cortez Open Pit & Underground 20 Miles 10
Slide 11: Why different facilities?
Why different facilities? Type of Ore Type of Processing Complexity Leach Pad No further size reduction needed; leach as Oxide Ore mined Gold is directly amenable to cyanide Low leaching Oxide Milling Reduce particle size through milling to expose gold surface for cyanide leaching Concentrator Reage
Slide 12: Interconnectivity
Interconnectivity Carlin Complex Cortez Complex Heap 2 Underground mines Cortez Oxide 5 Underground mines Leach CHUG contains oxide ore Mill12 ~ 3.8Mtpa 3 Active open pits 3 Active open pits Heap Leach Carlin Roaster Facilities13 ~ 9.3Mtpa Autoclave Facility13 Processing Goldstrike Roaster ~ 5.6Mtpa
Slide 13: Unlocking Opportunities
Unlocking Opportunities Optimizing Process Capacity Aligning ore feed strategies for Leach and Autoclave circuits to maximize throughput. Discovery and Geological Growth Identifying and implementing opportunities to optimize processing capacity and overall Advancing exploration initiatives to feed q
Slide 14: Continued Improvement in Undergrounds
Continued Improvement in Undergrounds UG Tonnage Improvement (100% basis) Total Tonnes (Mtonnes) - Annualized Operational Efficiency +26% 10,7 10,9 9,8 9,9 Implementation of a structured 9,0 9,0 Continuous Improvement program 8,7 Renewed focus on fundamental mining 2021 2022 2023 2024 2025H1 2025H2
Slide 15: Plant Reinvestments Paying Off
Plant Reinvestments Paying Off Gold Quarry Roaster – Best 90 Daysi Total Tonnes Processed (Kt) 950.0 900.0 Gold Quarry Expansion 850.0 Tonne per operating hour improvements on 904 915 track with 2 of the best consecutive 90 days 874 achieved in 2025 and the start of 2026 on 800.0 throughputi 750.0 R
Slide 16: Community Investment and Economic Contribution
Environment Health $0.20M Cultural Heritage $0.27M $0.04M $542M $1.39B Personnel Taxes Costs Education $2.5M Economic Development $10.7M $22.1M $1.04B Native Social Goods and Services American Investments Purchased in Nevada Affairs Social $3.7M Investments $22.1 Million $3.0 Heritage Billion Fund T
Slide 17: People: Environmental Highlights & Opportunities
People Environmental Highlights & Opportunities Achievement of a State of Nevada Excellence in Mine Reclamation Award at the Long Canyon Mine Partnership with Trout Unlimited (TU) to build resilient populations of the Lahontan cutthroat trout (LCT) Industry-leading habitat restoration success benefi
Slide 18: Permitting
Permitting Time from Notice of Intent to Record of Decision Highlights & -29% Opportunities Successful delivery of permit authorizations for the Goldrush underground mine & Robertson open pit mine Continuation of strategic infrastructure development projects to support NGM growth Q324 2016 Deep Gold
Slide 19: Drilling Investment
Drilling Investment NGM Drilling Investment (Km) Drilling (Km) 430,0 420,0 +18% 410,0 400,0 390,0 Improving Orebody 380,0 Confidence 370,0 Improved short-term and long-term model 429,2 confidence, both in geology and geo-metallurgy 360,0 417,8 350,0 404,7 340,0 330,0 365,0 363,2 352,0 320,0 310,0 30
Slide 20: Achieving Organic Growth
Barrick Achieving Organic Growth Au Reserve Addition Cost ($/oz) NGM Organic Growth Projects 450 $444/oz Goldrush underground extends past Robertson pilot study underway – M&A 205012 possibility to extend the Cortez oxide mill 400 Reserve Addition NGM Reinvestment Ren underground extends past 204013
Slide 21: NGM – The World’s Largest Gold Exploration Opportunity
NGM – The World’s Largest Gold Exploration Opportunity Mega TRUG Mega Feeder NE Nevada Carlin-type deposits have produced over TR BBT 150 Moz Au, establishing one of the most prolific gold districts globally. Ren The Goldrush discovery underscores the exceptional Meikle Deep Post endowment and prove
Slide 22: Exploration
Exploration Carlin People Growth and Exploration programs increasing in • Goldstrike UG (GSUG) TRUG Mega o REN Reserves 2026 with the discovery-focused exploration budget up 37% YoY. o New upside targets Continued focus on flexibility in the short term Turquoise across all GSUG balanced with long te
Slide 23: Key Takeaways
Key Takeaways Restructured operations to enhance ability to meet operational targets with particular focus on safety Quality assets with strong reserves and resources and great interconnectivity Exciting organic growth upside Commitment to strong ESG performance 23
Slide 24: Fourmile
Fourmile NYSE : B TSX : ABX Sustainably profitable. Unrivalled growth.
Slide 25: Fourmile
Fourmile this century’s greatest gold discoveryi… adjacent to the largest gold mining complex in the world Turquoise Ridge Carlin Complex Tier One1 Gold Asset Tier One1 Gold Asset Long Canyon Care & Maintenance Phoenix Au and Cu Fourmile Cortez Projected Tier One Tier One1 Gold Asset Gold Asset i. P
Slide 26: Fourmile
Goldstrike Fourmile this century’s greatest gold discoveryi… adjacent to the largest gold mining complex in the world Turquoise Ridge Carlin Complex Tier One1 Gold Asset Tier One1 Gold Asset Long Canyon Care & Maintenance Phoenix Au and Cu Fourmilei Fourmile Cortez Projected Tier One Tier One1 Gold
Slide 27: Pathway to Deliver this Century’s Greatest Gold Discovery
2025 Indicated and Inferred N 500m Fourmile Goldrush Resource Resource Upsidei Pathway to FM25-291Dii 3.7 m at 34.47 g/t Deliver this Au g/t 8.3 m at 20.56 g/t 3.5 m at 15.24 g/t 30 Century’s NGM JV Barrick 17 FM25-300Dii 14 16.0 m at 38.35 g/t Greatest Gold 10 7 Discoveryi... 3.5 FM25-321Dii 26.9 m
Slide 28: Delivered Double the Resource at Fourmile
Delivered Double the Resource at Fourmilei Fourmile Goldrush NGM JV Barrick Fourmile Resources11 EOY2025 EOY2024 4.6Mt @ 17.59 g/t 3.6Mt @ 11.76 g/t Indicated Resources 2.6Moz 1.4Moz 25Mt @ 16.9 g/t 14Mt @ 14.1 g/t Inferred Resources 13Moz 6.4Moz FM25-291Dii 3.7 m at 34.47 g/t 8.3 m at 20.56 g/t 3.5
Slide 29: PFS Study Evolution
PFS Study Evolution… N Metallurgical Definition Goldrush Fourmile Fourmile Wenban 5/8 contact – Double Refractory Roaster feed Roaster Amenable FM24-200D 738.8-740.1m, 16.25 g/ti Fourmile Silicified Structural controlled – 100% Barrick Single Refractory Autoclave NGM JV Amenable Roaster or Autoclave
Slide 30: Thank You
BARRICK Thank You
Slide 31: Appendix A - Fourmile Significant Intercepts Table
Appendix A - Fourmile Significant Intercepts Tablei Fourmile Drill Results Drill Holeii Azimuth Dip Interval (m) Width (m) True With (m)iii Au (g/t) FM24-200D 71 72 738.8 – 740.1 1.3 1.3 16.25 1053.1 – 1069.4 16.3 13.4 47.07 FM24-209D 52 86 Including 1,057.3 - 1058.9 1.6 1.5 30.6 i. All intercepts c
Slide 32: Appendix B – Assumptions/Outlook
Appendix B – Assumptions/Outlook Key Outlook Assumptions 2026 Gold price ($/oz) 4,500 Copper price ($/lb) 5.50 Oil price (WTI) ($/barrel) 70 CAD exchange rate (USD:CAD) 1.30 32
Slide 33: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Tricia Evans, BSc, SMERM, Mineral Resource Manager: North America; Mark Roux, BSc (Hons), P. Grad. Cert. (Geostatistics), Pr. Sci. Nat, Resource Geology Lead – North Americ
Slide 34: Endnotes
Endnotes... 5. “Total cash costs” per ounce and “All-in sustaining costs” per ounce are non-GAAP financial performance measures which are calculated based on the definition published by the World Gold Council (a market development organization for the gold industry comprised of and funded by gold mi
Slide 35: Endnotes
Endnotes... 9. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2025, on a 100% basis, unless otherwise noted. Mineral resources are reported inclusive of
Slide 36: Endnotes
Endnotes… 10. Gold cost of sales per ounce is calculated as cost of sales across our gold operations (excluding sites in closure or care and maintenance) divided by ounces sold (both on an attributable basis using Barrick's ownership share). 11. Estimated in accordance with National Instrument 43-10
Slide 37: Endnotes
Endnotes... 16. Proven and probable reserve gains calculated from cumulative net change in reserves from year-end 2019 to 2024. Reserve replacement percentage is calculated from the cumulative net change in reserves from 2020 to 2024 divided by the cumulative depletion in reserves from year-end 2019
Slide 38: Endnotes
Endnotes… Attributable acquisitions and divestments includes the following: a decrease of 2.2 Moz in proven and probable gold reserves from December 31, 2019 to December 31, 2020, as a result of the divestiture of Barrick's Massawa gold project effective March 4, 2020; and a decrease of 0.91 Moz in