Slide 1: Growing our footprint through sustainable partnerships
Growing our footprint through sustainable partnerships…
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 Barrick’s strategy, projects, plans, or future financial or operating performance, constitutes “forward-looking statements”. All statem
Slide 3: Growing the Central-East African Footprint
Growing the Central-East African Footprint… Kibali 45% CAR South Sudan DRC A Tier One discovery… Moku Project DRC produced 812,000oz in 2021 (100%) Kibali TANZANIA ZAMBIA North Mara 84% Uganda Bulyanhulu 84% Kenya TANZANIA Rwanda North Mara DRC Burundi Bulyanhulu Lumwana 100% Buzwagi ZAMBIA A major
Slide 4: Highlights
Highlights… Significant progress at North Mara and Bulyanhulu since Barrick assumed operational control in 2019 2021 2022 First in Barrick pays 2017 2019 2019 2019 2020 2020 2020 2020 2021 2021 Africa further $40m January May October photon of $300m Acacia, New Barrick TWIGA UG mining Tanzanians Buz
Slide 5: Overall Economic Contribution
Overall Economic Contribution… Since assuming operational control Split of Total In-Country Investment Barrick’s position as a key partner in the socio- 2019 – Q2 2022 economic development of Tanzania was recognized Salaries $169m by being the largest contributor to government 8% revenue in 2021 Nat
Slide 6: 2022 Year to Date Achievements
2022 Year to Date Achievementsi… Tanzania on track to deliver full year production guidance and potentially achieve Tier 1 status as a combined complex through consistent performance at North Mara and continued improvement in Bulyanhulu’s underground performance North Mara has seen the successful ra
Slide 7: 2022 Year to Date Achievements
2022 Year to Date Achievements… Barrick Tanzania won the largest contributor to government revenue award Continued to perform on other fronts - Bulyanhulu Gold Mine received the Tanzanian OSHA Award 2022 (Occupational Safety and Health Authority), and North Mara received the award for the best commu
Slide 8: Safety and Environment
Safety and Environment… Safety Two lost time injuries (LTIs) recorded in 2022, one at each mine Total recordable incident frequency rate (TRIFR)2 of 0.93 in Q2 Tanzania Q2 TRIFR 2019-2022 YTD vs 1.51 in FY21 1.8 1.6 Lifting Equipment Government Audit conducted on both mines 1.6 1.5 1.51 Total of eig
Slide 9: Health
Health… Health MIR % Malaria Incidence Rate 2020 - 2022 Covid-19 14 78% of our workforce have been fully vaccinated and 10.1% partially vaccinated (total partial and fully – 12 88.1%) Reinforced Covid-19 protocols and the roll-out of 10 vaccines to the workforce 8 Malaria A drop of the malaria incid
Slide 10: Ongoing Operational Improvement
Ongoing Operational Improvement… North Mara Bulyanhulu North Mara continued to stretch and improve its operations Mine continues to drive optimization with commissioning of to try and exceed the prior year’s record underground the second crushing line, underground redesign following performance the
Slide 11: Ongoing Operational Improvement
Ongoing Operational Improvement… 2,000 Total OC Tonnes North Mara 1,800 1,600 Successful ramp-up in opencast mining and 1,400 similar improvement expected in 1,200 underground mining when new equipment 1,000 arrives in the second half of the year 800 600 400 200 0 2021 Q4 2022 Q1 2022 Q2
Slide 12: Fieldwork and Review Identifies New Growth Opportunities at North Mara
Fieldwork and Review Identifies New Growth Opportunities at North Mara… Areas of Interest North Utimbaru Corridor Structures North Mara N Extension of porphyries and Granitoids Growth opportunities identified beneath post sediments along Utimbaru Neoproterozoic Cover mineral phonalite cover within t
Slide 13: Bulyanhulu and Tembo JV Fieldwork Progressing Key AOIs
Bulyanhulu and Tembo JV Fieldwork Progressing Key AOIs…Regolith Mapping and Updated Targets Kalemero Acquisition and transfer of 146km2 Tembo permits completed - data integrated and interpreted with 5 new priority targets on N key regional structural trends Ngula Regolith analysis of inlier complete
Slide 14: Investment in the Community since 2019
Investment in the Community since 2019… Economic Roads Development, 5% Infrastructure 21% Water & Power Economic Development Road Infrastructure Projects 3% $7.1 million spent Others (Community engagement) Education, 3% Education 44% Water and power projects Health 23% Sports Sponsorship Health faci
Slide 15: Community and Sustainability
Community and Sustainability… Bulyanhulu successfully signed an MoU of CSR projects approved by the CDC of Msalala and of the Nyang’wale Districts (a total of 48 projects) North Mara continued to support communities around the mine by investing in a landmark water project worth $440k which will bene
Slide 16: Case study: Sustainable Agribusiness
Case study…Sustainable Agribusiness Poultry Farm Project: 1,255 eggs layers supplied 658 trays to AKO, the caterer at North Mara Mokarambe Horticulture Youth Group: 2 acres of watermelons and other vegetables cultivated AKO to supply their products from October 2022 Other Livelihood Groups: 21 group
Slide 17: Local Commitment
Local Commitment… Key Achievements Ongoing Initiatives Empowered local businesses with a new initiative to promote 2022 Q2 YTD total local spend is at 77% and indigenous linkages of our suppliers with locally available suppliers spend is at 53% against our annual target of 50% Our procurement partne
Slide 18: Commitment to Employment of Nationals
Commitment to Employment of Nationals… Head Count Q2 YTD Expat Contractors 1% Key Achievements: Total headcount increased by 12% from end 2021 96% Tanzanian workforce - 45% hired from National community surrounding the mines National Contractors 4,871 Employees 64% of senior management are Tanzanian
Slide 19: Buzwagi Closure Update
Buzwagi Closure Update… Following approval of the Buzwagi Closure Plan, critical approvals were secured for the TSF capping as well as the disposal of assets through auction Area planted Extensive amount of rehabilitation done on waste Nov 2021 – rock dump and borrow pits by planting over 274,000 Ma
Slide 20: Endnotes Technical Information
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. 2. Total recordable incident frequen