Slide 1: Delivering value through strong local partnerships
Delivering value through strong local partnerships Dominican Republic, October 19, 2021 1
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 state
Slide 3: Our Global Business
Our Global Business… In April 2020, Porgera was placed on care and maintenance. Porgera’s ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021
Slide 4: The Pueblo Viejo mine is operated by Barrick
The Pueblo Viejo mine is operated by Barrick Barrick 60% Construction began in 2008 and is a joint venture and Newmont 40% and Commercial production in 2013 between
Slide 5: Delivering on Q3 business plan
Delivering on Q3 business plan No major environmental Pueblo Viejo is on Successful Covid-19 vaccination incident recorded during Q3 track to deliver on campaign continues with 96% production and cost of employees and 96% of guidance for 2021 contractors fully vaccinated Human rights asses
Slide 6: Health & Safety
Health & Safety Lost Time Injury Frequency Ratei – year on year 1.6 1.49 ISO 45001 Internal Audit completed 1.4 and Action Plans closed out – Phase 1 & 2 scheduled for Q4 1.2 1.0 Proactive management of health and 0.8 0.67 safety risks under the guidance of 0.56 0.57 0.6 strong safety leadership
Slide 7: Mining
Mining 2021 tonnes mined above budget 12 month rolling payload 190 Improved mine planning and 185 TONNES operational focus delivering high 180 spatial reconciliations 175 170 Truck improvement projects 165 implemented delivering value through increased payload and speeds) Payload Target Impr.
Slide 8: Employment
Employment 2,493 97% Employees Near Mine Community Employment Dominican employees # Employees New Hires % Workforce 168 7% 136 HEADCOUNT MALE 6% 2,093 2,493 84% 75 4% 79 63 69 (+1.38%) 32 FEMALE Local Engagement & 130 400 2018 2019 2020 2021 YTD Employment JOBS 16%
Slide 9: Contractor employees
Contractor employees Contractors Expats Contractors 29 (1%) Nationals 1,665 (50%) Contractors Total Local Contractors: 1,649 (49%) 3,343
Slide 10: Environment
Environment No major environmental Updated closure plan incident recorded during Q3 presented to Dominican 2021 authorities ISO 14001:2015 and Environmental media International Cyanide day with local and Management Code national journalists certification maintained Continual improvement
Slide 11: Pueblo Viejo significant CO2 emission savings
Pueblo Viejo significant CO2 emission savings Conversion of Quisqueya I power plant from heavy fuel oil to natural gas In process of converting lime kilns to natural gas
Slide 12: Rehabilitation of Environmental Liabilities
Rehabilitation of Environmental Liabilities 2021 2011 Water quality has improved considerably River now has flora and fauna
Slide 13: Mejita TSF Remediation
Mejita TSF Remediation 2008 2008 2021
Slide 14: Impact of Pueblo Viejo based on UNDP Dev. Index
Impact of Pueblo Viejo based on UNDPi Dev. Index Human Development Index Sanchez Ramirez 29+ 19 Year 2000 Year 2019 Provincial Health Index Province Position Sanchez Ramirez 2 Monseñor Nouel 11 i United Nations Development Programme
Slide 15: Community Engagement and Development
Community Engagement and Development 152 5,947 59 Community Development People hired by contractors from People trained Participants from disclosure in 54 17 Completed 37 In Progress Social Investment the local emergency communities activities agencies Initiatives 2008 - Aug. 2021 39 12 Training Cen
Slide 16: Agribusiness
Agribusiness Has the long-term objective of improving the livelihoods of the communities, through agricultural initiatives in the cacao sector, including: • Revitalize the regional cacao sector – (trees and youth) • Establish high-quality cacao plantations • Value chains to improve production, yield
Slide 17: Pueblo Viejo contribution to DR economy
Pueblo Viejo contribution to DR economy Pueblo Viejo operations have contributed approximately US$6 billion to the DR economy in the form of taxes, royalties, salaries and payments to local suppliers in the last 9 years US$ Million Payroll $496 Direct + Indirect Taxes $2,965 $2,723 Local Purchases
Slide 18: Local content scheme
Local content scheme Local Content Contractors Local Community Local Suppliers Social Employment Training Development Investment Social Direct Hiring Contractors Local businesses Local businesses Training on wheels Productive chaining Investment hiring Incubator accelerator with INFOTEP Plans - CC S
Slide 19: National and Local Spend (2020 & 2021 YTD)
National and Local Spend (2020 & 2021 YTD) US$ Million Spend 2020 Spend 2021 YTD Forecast Spend 2021 Local Local Local $18 $19 $ 27 National National National $321 $303 $ 348 Total US$339M Total US$322M Total US$375M Local National Local National Local National
Slide 20: Top 20 Suppliers - Spend YTD 2021
Top 20 Suppliers - Spend YTD 2021 LOCAL NATIONAL AGENCIA NAVARRO SRL V ENERGY S A HI HATO VIEJO INDUSTRIAL SRL AES DOMINICANA FIGUEROA CABRERA TOURS SRL IMPLEMENTOS Y MAQUINARIAS SA CONSTRUCTORA LALPE CONSORCIO ARF OVANDO TOURS SRL CONSORCIO AEH INDUSTRIA HERMANOS J CABRERA C SRL ORICA DOMINICANA SA
Slide 21: Cash Distribution
Cash Distribution Cumulative Cash Distributions US$M, 2013 –2021 (October) PV Shareholders 2,965 DR Government has Government Returns (direct & indirect) 2,443 2,024 received US$2.97Bn in 1,602 1,804 1,246 direct and indirect 930 661 cash returns 318 Shareholders -1,226 -1,152 are yet to recover -1,
Slide 22: Direct and indirect taxes – US$M
Direct and indirect taxes – US$M Royalties US$47M from 2021 Royalties paid in 2020 Royalties 2021 Prepayment US$95M from 2022 ($50M) and 2023 ($45M) Royalties paid in 2021 Royalties 2022/2023 Prepayment 53 Direct + Indirect Excluding Royalties 95 52 47 44 46 34 47 40 426 43 43 297 312 320 285 50 269
Slide 23: Pueblo Viejo plant expansion
Pueblo Viejo plant expansion Plant expansion to increase throughput will allow mine to maintain total gold production averaging 800koz per year after 2022 (100% basis) is progressing well Refer to the Technical Report on the Pueblo Viejo mine, Sanchez Ramirez Province, Dominican Republic, dated Marc
Slide 24: Tailings storage facility
Tailings storage facility Tailing's facility • New tailings storage facility will extend the life of the mine until the 2040s. Without a tailings storage facility, mining would end in 2021 and production in 2030 • Government has launched independent studies to review alternative locations and impact
Slide 25: Summary Impact of Expansion Project
Summary Impact of Expansion Project US$B 2020-2045; Gold Price of US$1,500/oz Expansion has the potential to add: + US$22B + US$18B 10.3 multiplier + US$7B + US$9B Resulting in: Foreign Tax* Local Exports Currency Jobs Purchases* rrencies 2,493 US$33B US$25B generated + US$9.5B US$13B s 3,343 Cont.
Slide 26: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by John Steele, CIM, Metallurgy, Engineering and Capital Projects Executive, a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Minera