Slide 1: Results for Q3 2022
BARRICK Results for Q3 2022... . NYSE : GOLD WSS Be ewe TSX : ABX EF World class mines. World class people.
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: Group KPIs
Best Assets: Steady Q3 performance with grade uplift in Q4 to drive delivery of 2022 gold production targets Group Strong production performance at Lumwana and Jabal Sayid has copper trending at midpoint of guidance KPIs… Another milestone reached at Goldrush with conclusion of Draft EISi public com
Slide 4: Group operating results
Group operating results… Strong finish to the year for gold YTD Gold operating results Q3 2022 Q2 2022 Q3 2021 Access to high grade ore previously expected 2022 in late Q3 at NGM is now scheduled for Q4 Attributable production (koz) 988 1,043 1,092 3,021 Strong Q4 production expected to be driven Co
Slide 5: Group financial results
Group financial results… YTD Financial Results Q3 2022 Q2 2022 Q3 2021 2022 Strong operating cash flow of $758 million Revenue ($ million) 2,527 2,859 2,826 8,239 plus further value capture from sale of non- Net earnings ($ million) 241 488 347 1,167 core royalty asset portfolio Adjusted net earning
Slide 6: Sustainability: Q3 Highlights
Sustainability…Q3 Highlights Zero 1,950k tonnes of i 83% New PV TSF Class 1 (high significance) CO2-e emitted in Q3ii, in water use efficiency Completed the ESIA for environmental incidents line with Q3 emissions achieved for the quarter the new tailings storage recorded for the quarter and last yea
Slide 7: Health & Safety, Environment & Community
Health & Safety… Environment & Community… Continued reduction in year on year in Total Recordable Injury Frequency Rate (TRIFR) and Lost Time Injury Frequency Rate (LTIFR)10 Tragic fatality at Pueblo Viejo on September 13, 2022 Comprehensive investigation is underway Progress against Global Industry
Slide 8: North America
North America… Nevada hosts 3 Tier One11 gold mines owned Donlin (50%) (61.5%) and operated by CANADA Barrick Hemlo 100% Golden Sunlight Toronto NGM (61.5%) corporate Turquoise Ridge Phoenix office Carlin Cortez Fourmile 100% USA Goldrush development project Tier One gold mines Other gold mines Pipe
Slide 9: Nevada Gold Mines operating results
Nevada Gold Mines… Nevada Gold Mines (61.5%)12 Q3 2022 Q2 2022 Q3 2021 YTD 2022 operating results Ore tonnes processed (000) 7,594 8,152 14,697 24,821 Nevada, USA Average grade processed (g/t) 2.27 2.23 1.50 2.15 Recovery rate (%) 78% 77% 80% 77% Carlin Q3 production impacted by temporary fall of gr
Slide 10: Nevada: growth across the core districts
Nevada…growth across the core districts Optimal risk balance between exploration for long term, standalone deposits and near mine satellites while extending and converting ounces in and around existing targets based on robust geological models Turquoise Ridge – drilling ongoing at BBT targets; new d
Slide 11: North Leeville and North Turf on track for resource additions
North Leeville and North Turf on track for resource additions… Level Section at 1,100m, Dipping 10o N, 150m thick V North Leeville 0.7Moz maiden inferred resource (1.9Mt at 11.5g/t Au)13,i Resource expected to grow further in 2022: N NLX-00011ii NLX-22015ii: 19.8m at 15.59g/t 44.2m at 10.31g/t NLX-2
Slide 12: Latin America and Asia-Pacific
Pueblo Viejo (60%) Latin America DOMINICAN REPUBLIC and Asia- GUYANA AFGHANISTAN Pacific… SURINAME Reko Diq IRAN PAKISTAN, Balochistan Growth projects INDIA Pierina continue to PERU advance Zaldivar 50% JAPAN Norte Abierto 50% Pascua-Lama 100% Veladero Alturas 100% 50% CHILE ARGENTINA PAPUA NEW GUIN
Slide 13: Pueblo Viejo operating results
Pueblo Viejo…operating results Dominican Republic YTD Pueblo Viejo (60%) Q3 2022 Q2 2022 Q3 2021 2022 Production improved 15% quarter on quarter driven by Ore tonnes processed (000) 1,501 1,304 1,446 4,316 Higher throughput following planned autoclave Average grade processed 2.89 2.95 3.07 2.76 main
Slide 14: Pueblo Viejo District and Dominican Republic exploration success
Pueblo Viejo District and Dominican Republic… exploration success drives new targets V Undifferentiated Quaternary Los Ranchos Diorites N Block-Lower Sandstone and Limestones Main Gatei - preliminary results from ongoing drilling (Las Lagunas Formation) Limestone (Hatillo campaign confirms mineraliz
Slide 15: Veladero operating results
Veladero…operating results Argentina Production impacted by an extended winter period, Veladero (50%) Q3 2022 Q2 2022 Q3 2021 YTD which reduced leach pad irrigation flow 2022 Ore tonnes processed (000) 3,676 3,381 3,126 10,563 Performance expected to improve in Q4 Average grade processed (g/t) 0.72
Slide 16: LATAM exploration
LATAM exploration… Dominican Pueblo Viejo Republic Full reassessment and restructuring of portfolio and team provides a clear focus on best opportunities Guiana Shield Generative review of Central and South America in progress Pueblo Viejo - mineralization intersected in two Lagunas Norte satellite
Slide 17: Porgera moving closer to restart
Porgera…moving closer to restart Papua New Guinea New Porgera joint venture company incorporated on September 22, 2022 The company will next apply for a new Special Mining Lease, receipt of which is a condition of the reopening of the Porgera mine Other definitive agreements, which remain to be conc
Slide 18: Reko Diq the path forward
Reko Diq…the path forwardi Pakistan Definitive Legalisation and Feasibility Study Potential Agreements Closing Production Barrick to complete a feasibility study update from The Definitive Closing will occur when Agreements have been legalisation process is allowing for a formal Reko Diq finalized.
Slide 19: Africa & Middle East
Africa & Middle East… Jabal Sayid EGYPT 50% Performance MALI SAUDI ARABIA excels on all SENEGAL Loulo-Gounkoto fronts 80% MALI Kibali 45% Tongon 89.7% DRC COTE D’IVOIRE DRC Buzwagi North Mara 84% TANZANIA Bulyanhulu 84% Lumwana TANZANIA 100% ZAMBIA ZAMBIA Tier One gold mines Potential Tier One gold
Slide 20: Loulo-Gounkoto operating results
Loulo-Gounkoto…operating results Mali YTD Loulo-Gounkoto (80%) Q3 2022 Q2 2022 Q3 2021 2022 Tier One asset delivers another quarter of Ore tonnes processed (000) 1,015 1,018 1,011 3,028 consistent production Average grade processed (g/t) 4.34 4.72 4.63 4.60 Well on track to achieve 2022 production R
Slide 21: Loulo District: key structures indicate further discovery potential
Loulo District…key structures indicate further discovery potential Yalea depletion Yalea system Yalea South $1,200/oz pit pushback design continues to Gara North deliver Gara P129-Faradi Yalea Transfer Yalea Zone Hippo 0.0 – 0.7 0.7 – 2.0 Yalea Shear Emerging 2.0 – 3.0 3.0 – 4.0 Shoot Conversion 4.0
Slide 22: Kibali operating results
Kibali…operating results DRC Kibali delivered another quarter of steady production, Kibali (45%) Q3 2022 Q2 2022 Q3 2021 YTD 2022 at improved costs across all per ounce metrics Ore tonnes processed (000) 898 862 872 2,541 compared to Q2 Average grade processed Strong hydroelectric power generation 3
Slide 23: Kibali: 11000 Lode continues to provide growth
Kibali…11000 Lode continues to provide growth SW NE Underground operations further extended with Lode 11000, which KCD Pit continues to deliver promising results Sessenge Pit Lodes 3000, 5000 and 11000 still remain open down plunge with a continued focus on drilling programmes to unlock additional v
Slide 24: Tanzania operating results
Tanzania…operating results North Mara YTD Higher throughput drove an 8% increase in Q3 production North Mara (84%) Q3 2022 Q2 2022 Q3 2021 2022 Strong underground mining productivity following the Gold produced (oz 000) 71 66 66 193 arrival of new equipment, as expected Cost of sales ($/oz)4 956 1,0
Slide 25: Copper Operations
Copper Operations… Lumwana, Zambia Lumwana (100%) Q3 2022 Q2 2022 Q3 2021 YTD 2022 Stronger production in Q3 driven by higher throughput due to Copper produced (lbs million) 82 75 57 214 improved mill runtime 2.19 2.01 2.54 2.13 Cost of sales ($/lb)4 Ongoing exploration and MRM program testing the e
Slide 26: Lumwana: Lubwe target shows potential within a Chimiwungo superpit
Lumwana…Lubwe target shows potential to unlock value within a Chimi superpit Lubwe Kamaranda V 200m spaced Starter Pit areas (LM1 and LC1) - drilling is IP and soil anomaly growth potential N complete and continues to demonstrate low strip, thick, mineralised higher-grade potential intercepts that s
Slide 27: Our Commitment to Shareholder Returns
Our Commitment to Shareholder Returns… Quarterly dividend of $0.15 per share announced for Q3 2022 - Base Dividend of $0.10 and Performance Dividend Enhancement of $0.05 In addition to our quarterly base dividend, a performance enhancement is declared based on amount of cash, net of debt, on our bal
Slide 28: Executing on our strategy to create the Most Valued Gold and Copper Company
Executing on our strategy to create the Most Valued Gold and Copper Company… Created World’s Largest Portfolio of Tier One Gold Assets – All our mines have minimum 10 year business plans firmly anchored in demonstrable geological understanding, engineering and commercial feasibility. We constantly f
Slide 29: BARRICK
BARRICK
Slide 30: Endnotes
Endnotes 1. Class 1 – High Significance is defined as an incident that causes significant negative impacts on human health or the environment or an incident that extends onto publicly accessible land and has the potential to cause significant adverse impact to surrounding communities, livestock or w
Slide 31: Endnotes
Endnotes 7. “EBITDA” is a non-GAAP financial measure, which excludes the following from net earnings: income tax expense; finance costs; finance income; and depreciation. Management believes that EBITDA is a valuable indicator of our ability to generate liquidity by producing operating cash flow to
Slide 32: Endnotes
Endnotes 13. Mineral resources for selected projects on a Nevada Gold Mines attributable basis as of December 31, 2021. Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects as required by Canadian securities regulatory authorities. Mineral resources
Slide 33: Appendix A – North Leeville and North Turf Significant Intercept Table
Appendix A – North Leeville and North Turf Significant Intercept Tablei Select Leeville Drill Results i. All intercepts calculated using a 3.4 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Widthiii (m) True Widthiii (m) Au (g/t) uncapped; minimum intercept width is 3.0 meters; int
Slide 34: Appendix B – Pueblo Viejo District: Main Gate Significant Intercept Table
Appendix B – Pueblo Viejo District: Main Gate Significant Intercept Tablei Select Pueblo Viejo District: Main Gate Drill Results i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 5 meters; internal dilution is less than 10% total width Core Drill Hol
Slide 35: Appendix C – Pueblo Viejo District: Arroyo del Rey Significant Intercept Table
Appendix C – Pueblo Viejo District: Arroyo del Rey Significant Intercept Tablei i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width is 5 meters; no Select Pueblo Viejo District: Arroyo del Rey Drill Results internal dilution applied ii. Arroyo del Rey dri