Slide 1: Results for the Quarter & 6 Months ended June 30, 2021
Results for the Quarter & 6 Months ended June 30, 2021… Bulyanhulu, Tanzania
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: Taking ESG to the next level
Taking ESG to the Bottom up leadership/Putting Sustainability at the centre of the business next level Sustainability is a central part of the business – day-to-day site level ownership of sustainability issues and opportunities …reflecting on our Our approach is characterised by tangible on the gro
Slide 4: Health & Safety
Health & Safety… LTIFR1 and TRIFR2 – Jan 2019 to Jun 2021 A tragic fatality of a Barminco employee occurred on 3.0 July 14, 2021 at Hemlo – operations have now resumed and investigative actions continue 2.5 Lost Time Injuries (LTI) reduced by 50% quarter on quarter, driving the same reduction in our
Slide 5: Environment & Community
Environment & Community… Zero Class 1 (high significance) environmental incidents recorded during Q23 Class 3 incidents in H1/21 decreased by 25% compared to H1/203 Continued efforts to maximise water reuse and recycle rates – on track to achieve our target of at least 80% water efficiency across th
Slide 6: Group KPIs
Steady Q2 performance keeps guidance on track despite mechanical mill failure at Carlin Group KPIs… Significant contribution from copper assets continues to differentiate Barrick from peers Updated Goldrush feasibility study delivers a robust project that meets Barrick’s investment criteria; Notice
Slide 7: Group operating results
Group operating results… Steady Q2 gold production despite: Gold operating results Q2 2021 Q1 2021 Q2 2020 H1 2021 Planned maintenance at NGM and Pueblo Viejo Attributable production 1,041 1,101 1,149 2,142 Mechanical mill failure at the Goldstrike roaster (koz) Gold and copper production on track t
Slide 8: Group financial results
Group financial results… Strong balance sheet with cash balance in excess Financial Results Q2 2021 Q1 2021 Q2 2020 H1 2021 of $5 billion after: Revenue ($ million) 2,893 2,956 3,055 5,849 Interest on debt paid Net earnings ($ million) 411 538 357 949 Annual income tax payments Adjusted net earnings
Slide 9: North America
North America… Donlin Gold CANADA Golden Sunlight Nevada Gold USA Mines Fourmile Hemlo Gold producing Corporate office Projects In closure Corporate office, Toronto 9
Slide 10: Carlin operating results
Carlin…operating results Nevada, USA Carlin (61.5%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Annual maintenance shutdown for both Carlin Ore tonnes processed (000) 3,256 3,026 2,835 6,282 roasters successfully completed Average grade processed (g/t) 2.85 3.49 3.60 3.15 Goldstrike roaster experienced a failur
Slide 11: Nevada growth across core districts
Nevada…growth across core districts Geological model Exploring full Significant growth potential identified developed between potential of greater V two Tier 1 deposits12 Leeville area at all sites with drill testing starting in Turquoise Vista N H2 Ridge Wells South Goldrush – Significant potential
Slide 12: Leeville growth potential
Leeville…growth potential NLX-00001i CGX-21084i North Leeville resource drilling increases confidence 4.9m @ 12.5 g/t 4.0m @ 7.0 g/t 2.7m @ 12.1 g/t NLX-00001 – high grade continuity NLX-00005 NLX-00005 – 30m of strong alteration connecting North Antimony adjacent high-grade intercepts (assays pendi
Slide 13: Cortez operating results
Cortez…operating results Nevada, USA Cortez (61.5%)i Q2 2021 Q1 2021 Q2 2020 H1 2021 Ore tonnes processed (000) 4,668 2,335 2,381 7,003 As expected, Q2 production improved 10% Average grade processed (g/t) 1.12 1.81 1.87 1.35 versus Q1 Recovery rate (%) 84% 81% 84% 82% Higher oxide mill and heap lea
Slide 14: Robertson: newly identified ore controls
Robertson…Newly identified ore controls show potential to significantly extend current ore pits DTL20-003i,ii DTL20-001i,ii Map View GPGT20-019i V 55.3m @ 1.07g/t 68.9m @ 1.84g/t 37.5m @ 2.18g/t PYC20-002i N Confirmed the WP fracture series and Distal 27.6m @ 1.11g/t structures as ore controls at Po
Slide 15: Goldrush Feasibility Study
Goldrush Feasibility Study… delivers a world leading gold project Feasibility shows that the project covered by the Plan of Operations and EISi comfortably passes Barrick’s investment filters Issuance of a RODi expected in Q4 2022 Feasibility mineplan is in line with previously disclosed five and te
Slide 16: Fourmile
Fourmile… Nevada (100% Barrick) Mill Canyon stock OPEN V N Drill testing extension west of current resource Fourmile completed and multiple intervals of favourable alteration and mineralization visually noted Horse One hole extended to test a deeper structurally Canyon Mine Barrick controlled portio
Slide 17: Turquoise Ridge operating results
Turquoise Ridge…operating results Nevada, USA Extended planned maintenance shutdown at Turquoise Ridge (61.5%) Q2 2021 Q1 2021 Q2 2020 H1 2021 the Sage autoclave in Q2 Ore tonnes processed (000) 1,004 967 821 1,971 Upgrades to the plant expected to deliver Average grade processed (g/t) 2.98 3.42 3.6
Slide 18: Turquoise Ridge Third Shaft
Turquoise Ridge…Third Shaft Nevada, USA Construction remains on schedule and within budget Sinking has reached final depth Focus to shift to equipping activities in Q3 Fabrication of shaft and loading pocket steel is underway Commissioning expected in late 2022 Third Shaft provides increased hoistin
Slide 19: Turquoise Ridge exploration: multiple targets emerging
Turquoise Ridge exploration…multiple targets emerging V Exploration focused in corridor connecting the giant Turquoise Ridge and N Mega deposits Scout drilling at Sphinx immediately east of Turquoise Ridge Vista underground; multiple targets emerging Testing near-mine extension at all deposits acros
Slide 20: Phoenix and Long Canyon operating results
Phoenix and Long Canyon…operating results Nevada, USA Phoenix Phoenix (61.5%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Solid Q2 production versus the prior quarter Gold produced (oz 000) 28 25 35 53 Significantly lower total cash costs7 and AISC7 driven by strong copper by-product credits Cost of sales ($/oz
Slide 21: Hemlo operating results
Hemlo…operating results Canada Q2 production decreased from Q1 due to lower grades mined from underground. Mined ore tonnes Hemlo (100%) Q2 2021 Q1 2021 Q2 2020 H1 2021 were in line quarter on quarter. Ore tonnes processed (000) 473 453 472 926 Average grade processed (g/t) 2.86 3.28 3.89 3.06 Ongoi
Slide 22: Understanding the ore controls at Hemlo
Understanding the ore controls at Hemlo… multi-year resource growth potential W2002.1i,ii W2010i Long Section looking North 12.2m @ 6.73g/t 4.3m @ 11.45g/t W2007i Defined high grade shoot within 15.4m @ 4.59g/t E-Zone - add resources through E Zone W1810.1Wi,ii 2022 and establishing a new 0.9m @ 151
Slide 23: Model confirmation and refinement continues at Donlin
Model confirmation and refinement continues at Donlin… Alaska Lewis One of the largest undeveloped gold deposits in the world A’ Mineral Resources (100%)14: M&I*: 540Mt @ 2.24g/t for 39.0Moz Inferred: 92Mt @ 2.0g/t for 6.0Moz 23,361m drilled in 2020 focused on understanding geology Confirmed the lit
Slide 24: Latam & Asia Pacific
Pueblo Viejo Latam & Asia DOMINICAN REPUBLIC Porgera Pacific… PAPUA NEW GUINEA Pierina PERU Norte Abierto Zaldívar Pascua-Lama Veladero Alturas CHILE ARGENTINA Gold producing In closure Projects Care and maintenance Copper producing 24
Slide 25: Pueblo Viejo operating results
Pueblo Viejo…operating results Dominican Republic Planned autoclave maintenance shutdown completed in Pueblo Viejo (60%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Q2 impacting production as expected Ore tonnes processed (000) 1,307 1,349 1,088 2,656 Average grade processed Well-positioned to achieve 2021 guid
Slide 26: Growing Pueblo Viejo: Zambrana Target
Growing Pueblo Viejo…Zambrana Target Dominican Republic Monte Negro 1km V Detailed mapping and sampling done at Zambrana has N 300 x 200m revealed a northwest corridor of more than 1.5km with anomalous consistent gold anomalies in rock chips and soil samples area Additional mapping and sampling in t
Slide 27: Veladero operating results
Veladero…operating results Argentina Veladero (50%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Ore tonnes processed (000) 3,241 1,305 2,609 4,546 Heap leach processing operations at Veladero reduced Average grade processed through H1 2021 while the mine transitioned to Phase 6 0.77 0.85 0.93 0.79 (g/t) Q2 prod
Slide 28: Lama: exploring beyond the known resources
Lama…exploring beyond the known resources Argentina Assays confirm mineralization in two holes 300m to the east of the current known resource These results includei 96.2m @ 0.68g/t Au, 7.75g/t Ag and 0.66% Cu 17m @ 0.55g/t Au, 8.3g/t Ag and 0.79% Cu 15.8m @ 0.36g/t Au, 2.74g/t Ag and 0.46% Cu New no
Slide 29: Unveiling further potential in the district
Unveiling further potential in the district… Argentina V N Integration of all information on Cerro Pelado and Veladero supports follow up definition drilling scheduled for next season Ortiga 3 holes completed at Piuquenes - one intercepted a favourable Pascua- sequence formed by volcanic rocks with
Slide 30: Southern El Indio Belt
Southern El Indio Belt… Bañitos Updated structural model strengthens defined targets and opens new areas with potential for concealed targets A Multiple styles of mineralization identified in the district, characterized by strong alteration footprint and distinctive pathfinder anomalies Rio del Medi
Slide 31: Guyana: Makapa Project
Guyana…Makapa Project Consolidation along priority structural corridors Makapa-Kuribrong Shear Zone (MKSZ) Segment of >1,000km fertile structural V corridor Unexplored corridor due to post mineral N Consolidated Properties sand cover masking underlying mineral Gold Deposits (by size) Structural corr
Slide 32: Porgera update
Porgera…update Papua New Guinea Partnership agreed between Barrick Niugini Limited (BNL) and PNG government on ownership and operatorship of the mine Terms of binding Framework Agreement Ownership of Porgera will be in a new joint venture held 51% by PNG and 49% by BNL BNL (owned jointly by Barrick
Slide 33: Africa & Middle East
Africa & Middle East… Loulo-Gounkoto Jabal Sayid SAUDI MALI ARABIA SENEGAL Kibali Tongon CÔTE North Mara D’IVOIRE Bulyanhulu TANZANIA Lumwana Buzwagi ZAMBIA Gold producing Copper producing 33
Slide 34: Loulo-Gounkoto operating results
Loulo-Gounkoto…operating results Mali Loulo-Gounkoto (80%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Production in Q2 was 7% lower than the prior Ore tonnes processed (000) 1,001 984 972 1,985 quarter, in line with plan, due to lower grades Average grade processed (g/t) 4.93 5.38 4.92 5.15 partially offset by
Slide 35: Yalea Ridge: potential emerging new discovery
Yalea Ridge…potential emerging new discovery Yalea Ridge Looking West N V Yalea Ridge Main Yalea Ridge North Yalea Ridge South 0RL Latest drill resultsi: 2.33 m @ 52.95g/t Au 8.70 m @ 13.94g/t Au 13.95 m @ 7.44g/t Au 3.90 m @ 18.79g/t Au 150m Additional results pending Sub-parallel to Yale
Slide 36: Loulo District: potential emerging new discoveries
Loulo District…potential emerging new discoveries V Bambadji JV Loulo Multiple priority targets advanced N Permit during Q2 Loulo 1 Loulo Permit Gara Loulo 4 Kabewest Yalea Ridge potential emerging Continues to grow, with system discovery Yalea Yalea Ridge extended to 2km along strike and open at Mo
Slide 37: Tongon operating results
Tongon…operating results Côte d'Ivoire Q2 production consistent with the prior quarter, with Tongon on track to achieve guidance Tongon (89.7%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Higher costs driven by an increase in electricity Ore tonnes processed (000) 979 964 1,013 1,943 expenses Average grade proc
Slide 38: Nielle and Boundiali Permits: delineated satellite
Nielle and Boundiali Permits…successfully delineated satellite Côte d’Ivoire Nielle Permit Barrick permits V Seydou North delineated as a satellite in Q2: High-grade Known deposits Nielle plunging shoot confirmed with mineralization in wider panel being Active targets Targets Permit N investigated.
Slide 39: Kibali operating results
Kibali…operating results DRC Kibali (45%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Q2 production improved from the prior quarter due Ore tonnes processed (000) 896 894 857 1,790 to higher grades – on track to deliver guidance Average grade processed 3.52 3.33 3.68 3.42 (g/t) Total cash costs7 improved from Q
Slide 40: Kibali exploration extends system +500m down plunge
Kibali…exploration extends system +500m down plunge DRC DDD604 Planned DDD603 DDD602 NE SW KCD Sessenge Pit KCD surface UG Development 750vm KCD System Bold step-outs validate a robust geologic model that accurately Intersected 3000, 5000, projects lodes and host geology 11000 System New 500m plunge
Slide 41: Kibali KZ Trend: resource replacement pipeline
Kibali - KZ Trend…building the resource replacement pipeline V N Ikamva Kalimva Kalimva Drilling confirms high-grade shoots extend >100- Tete Bakangwe 280m down plunge Results confirm potential for near mine open-pit Phase 2 will test 400m x 2km panel opportunity Grades sufficient to support UG oper
Slide 42: North Mara operating results
North Mara…operating results Tanzania Steady Q2 production versus Q1 North Mara (84%)16 Q2 2021 Q1 2021 Q2 2020 H1 2021 Optimized blend achieved between fresh Ore tonnes processed (000) 713 642 611 1,355 underground ore and lower grade stockpiles Average grade processed (g/t) 3.08 3.31 3.75 3.19 Und
Slide 43: Bulyanhulu
Bulyanhulu… Tanzania Bulyanhulu (84%)16 Q2 2021 Q1 2021 Q2 2020 H1 2021 Ramp-up of underground mining and processing operations continued in Q2 with Ore tonnes processed (000) 139 110 468 249 higher production at lower costs Average grade processed (g/t) 8.38 9.90 0.96 9.05 Steady-state annualized p
Slide 44: Tanzania: establishing a strategic, prospective footprint
Tanzania…establishing a strategic, prospective footprint Mara Block V Prospective vacant ground in Tanzania applied for by Maji-Moto Barrick N Block 19 permits granted Itongo Block 6 blocks - Mara, Maji-Moto, Itongo, Ndalilo, Nzega North & Nzega South Reconnaissance traverses completed Near-surface
Slide 45: Copper portfolio
Copper portfolio… Lumwana (100%) Q2 2021 Q1 2021 Q2 2020 H1 2021 Copper produced (lbs million) 56 51 72 107 Lumwana, Zambia Cost of sales ($/lb)6 2.36 1.97 2.06 2.15 Higher production in Q2 driven by throughput and grade C1 cash costs ($/lb)8 1.72 1.48 1.55 1.59 Fewer stockpiled concentrate sales in
Slide 46: Arabian Nubian Shield: expanding our footprint
Arabian Nubian Shield…expanding our footprint Sukari (Centamin)17 4 exploration licenses granted in Atalla 5Moz @ 1.1 g/t Au (137.2Mt) Egypt for a total area of 2,902km2 Fatiri Prospective, well-endowed region of the Nubian Shield, Jabal Sayid which has had limited modern Sukari (VMS Cu) (MBCC) expl
Slide 47: G&A benchmarking
G&A benchmarking… 2020 G&A as % of Consolidated Revenue 2020 G&A as % of Consolidated Operating Cash Flow 2020 G&A as $ per Attributable GEO +85% 46% +40% 50 40 30 2.7% 6.4% 47 20 34 1.5% 3.4% 10 0 Barrick Peer group average Barrick Peer group average Barrick Peer group average G&A, $M and as % of C
Slide 48: Value creation
Value creation… US$ billion Generation of Returns from January 1, 2019 to June 30, 2021 6 12 Repayment of Debt 5 Cash Balance 10 Dividends June 30, 2021 Return of 4 8 Capitali Divestiture Operating of Cash Flow Non Core 6 Assets 3 4 2 Free Cash Balance Cash Flow10 December 31, 2 1 2018 0 0 Free Cash
Slide 49: Group Gold 10-Year Production Outlook
Group Gold 10-Year Production Outlook… (Attributable),, Koz Gold Production (Attributable) Koz LATAM and AP Africa and Middle East North America 5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 0 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 Refer to Appendix I for assumptions use
Slide 50: Endnotes
Endnotes 1. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked. 2. Total recordable incident frequency rate (TRIFR) is a ratio calculated as follows: number of recordable injuries x 1,00
Slide 51: Endnotes
Endnotes 8. “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial performance measures. “C1 cash costs” per pound is based on cost of sales but excludes the impact of depreciation and royalties and production taxes and includes treatment and refinement charges. “Al
Slide 52: Endnotes
Endnotes 14. 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, 2020, unless otherwise noted. Measured Donlin attributable resources of 3.9 million tonnes g
Slide 53: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Steven Yopps, MMSA, Manager of Growth Projects, Nevada Gold Mines; Craig Fiddes, SME-RM, Manager – Resource Modeling, Nevada Gold Mines; Chad Yuhasz, P.Geo, Mineral Resourc
Slide 54: Appendix A – North Leeville Significant Intercept Table
Appendix A – North Leeville Significant Intercept Tablei i. All intercepts calculated using a 3.4 g/t Au cutoff and are Drill Results from Q2 2021 uncapped; minimum intercept width is 2.5m; internal dilution is less than 20% total width. Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/
Slide 55: Appendix B – Distal (Robertson) Significant Intercept Table
Appendix B – Distal (Robertson) Significant Intercept Tablei Drill Results from 2020 i. All intercepts calculated using a 0.17 g/t Au cutoff and are Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) uncapped; minimum intercept width is 3.0m; internal dilution is DTL20-001 0 -90 118.0-
Slide 56: Appendix B – Distal (Robertson) Significant Intercept Table
Appendix B – Distal (Robertson) Significant Intercept Tablei Drill Results from 2020 to Q2 2021 i. All intercepts calculated using a 0.17 g/t Au cutoff and are Width uncapped; minimum intercept width is 3.0m; internal dilution Core Drill Holeii Azimuth Dip Interval (m) (m)iii Au (g/t) is less than 2
Slide 57: Appendix C – Hemlo Significant Intercept Table
Appendix C – Hemlo Significant Intercept Table Hemlo i. Hemlo drill hole nomenclature: Location (W - surface, 765 - i ii Core Drill Hole Azimuth Dip Interval (m) Width (m)iii Au (g/t)iv 9765 level, 9035 - 9035 Level, 175 - 9175 level, NGS - W2002.1 175 -71 426.8-444.0 12.2 6.73 historic holes referr
Slide 58: Appendix D – Lama Significant Intercept Table
Appendix D – Lama Significant Intercept Tablei Drill Results from Q2 2021 i. All significant intercepts reported at 0.25 g/t Au. Internal dilution of no more than 10 consecutive meters below cut-off Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) Ag (g/t) Cu (%) included in the calc
Slide 59: Appendix E – Loulo-Gounkoto Significant Intercept Table
Appendix E – Loulo-Gounkoto Significant Intercept Tablei Drill Results from Q2 2021 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum Lode Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) intercept width is 2m; internal dilution is equal to or less than 2m t
Slide 60: Appendix F – Bambadji Significant Intercept Table
Appendix F – Bambadji Significant Intercept Tablei i. All intercepts calculated using a 0.5 g/t Au cutoff and Drill Results from Q2 2021 Includingiv are uncapped; minimum intercept width is 2m; internal Target Drill Holeii Azimuth Dip Interval (m) Width (m) iii Au (g/t) Interval (m) Width (m) iii Au
Slide 61: Appendix G – Tongon Significant Intercept Table
Appendix G – Tongon Significant Intercept Tablei Drill Results from Q2 2021 Includingiv ii iii Target Drill Hole Azimuth Dip Interval (m) Width (m) Au (g/t) Interval (m) Width (m) iii Au (g/t) Seydou N SNRC028 120.00 -50 175 - 177 2.00 0.55 i. All intercepts calculated using a 0.5 g/t Au cutoff and
Slide 62: Appendix H – Ivory Coast Regional Significant Intercept Table
Appendix H – Ivory Coast Regional Significant Intercept Tablei Drill Results from Q2 2021 Includingiv ii Target Drill Hole Azimuth Dip Interval (m) Width (m) iii Au (g/t) Interval (m) Width (m) iii Au (g/t) i. All intercepts calculated using a 0.5 g/t Au cutoff and Kassere KASRC003 125 -50 83-89 6.0
Slide 63: Appendix I – Outlook
Appendix I – Outlook Key assumptions 2021 2022 2023 2024+ Gold Price ($/oz) 1,700 1,200 1,200 1,200 Copper Price ($/lb) 2.75 2.75 2.75 2.75 Oil Price (WTI) ($/barrel) 60 60 60 60 AUD Exchange Rate (AUD:USD) 0.75 0.75 0.75 0.75 ARS Exchange Rate (USD:ARS) 100.00 100.00 100.00 100.00 CAD Exchange Rate