Barrick Mining Corporation · TSX:ABX

Barrick Mining — Corporate Update (October 2022)

19 slides from Barrick Mining's corporate update, Oct 22, 2022

  1. Slide 1: The Value of sustainable partnership…

    The Value of sustainable partnership…

  2. 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

  3. Slide 3: Growing the Central-East African footprint…

    Growing the Central-East African footprint… Kibali 45% CAR South Sudan DRC A Tier One discovery… 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 discovery Tan

  4. 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

  5. Slide 5: Overall economic contribution…

    Overall economic contribution… since Barrick assumed operational control in 2019 Total In-Country Investment Barrick maintains its position as a key partner in the 2019 – Q3 2022 socio-economic development of Tanzania Salaries USD 186 m Total in-country investment amounts to $2.187 9% billion since

  6. Slide 6: 2022 year to date achievements…

    2022 year to date achievements… Bulyanhulu continues to drive optimization with a focus on the ramp up of capital development in the main declines in Q3 North Mara continues to optimize the underground mine by commissioning the Multi- Lite project which will increase productivity and improve reliabi

  7. Slide 7: 2022 year to date achievements…

    2022 year to date achievements… Barrick Tanzania continues to be one of the largest contributors to the economy​ Year to date total $261m distributed to shareholders, of which the Government received $42m​ Continued investment in landmark community water projects, quality health facilities, educatio

  8. Slide 8: Safety and environment…

    Safety and environment… Safety LTIFR continues to see a downtrend in 2022 Tanzania Q3 YTD LTIFR2 2019 - 2022 Proactive management of health and safety risks under strong 1.00 safety leadership, aimed to decrease injury rate at all mine sites 0.90 Mines continue to retain ISO 45001:2018 Safety Manage

  9. Slide 9: Health…

    Health… Health MIR % Malaria Incidence Rate 2019 - 2022 16 Covid-19 Over 5,485 employees and contractors have received at 14 least one dose of the Covid-19 vaccination Sensitization and protection measures continue 12 10 11.87 Malaria 12.27 Community indoor residual spraying (IRS) program and 8 othe

  10. Slide 10: Continued mining productivity improvement…

    Continued mining productivity improvement… North Mara Bulyanhulu Attained a record tonnes mined for the quarter, a total of Fleet renewal continues as planned with the delivery of a 505kt of ore and wastei new jumbo, a new loader and two new trucks, one charge On track to start paste backfill plant

  11. Slide 11: North Mara goes owner miner…

    North Mara goes owner miner… North Mara Successful transition of open cast mining to owner miner - Ramp up in production and significant cost reduction expected ​ New crushing plant construction is on track, aimed at producing better crush size to reduce the milling power required and increase throu

  12. Slide 12: Expansion of footprint… preserved potential for large mineral systems

    Expansion of footprint…preserved potential for large mineral systems within the east and west of the Mara Belt Highest discovery potential identified N North Utimbaru, Gokona and Rama Corridors Structures along major structural corridors Opportunity for satellite Granitoids discoveries within Expand

  13. Slide 13: Expansion of footprint…

    Expansion of footprint… Mapping validates target opportunities around Bulyanhulu Tembo acquisition and field validation completed N Kalemero Inlier-wide data integration and camp scale geological model update completed Ngula Maribu Growth opportunities identified along structural trends associated w

  14. Slide 14: Investment in the community since 2019…

    Investment in the community since 2019… Road Infrastructure Economic Road Development 8% Infrastructure 18% Water & Power Projects Water and power projects 5% Education USD 8.1m 42% Economic Development Others (Community engagement) 3% Health 24% Education Health facilities

  15. Slide 15: Community sustainability…livelihood project

    Community sustainability…livelihood project North Mara continues to support communities around the mine by investing in a landmark large-scale horticulture projects in Matongo village Project provides direct employment for 100 youths and indirect employment for over 300 women in the horticultural va

  16. Slide 16: Community sustainability…livelihood project

    Community sustainability…livelihood project Construction of a mega Girl’s Secondary school in Busulwangili Administration block, 12 classrooms in construction Full science laboratory (Chemistry, Biology and Physics) Girls’ dormitory to accommodate 80 girls Construction of 2 staff houses (2 in 1) and

  17. Slide 17: Local commitment…

    Local commitment… Key Achievements Ongoing Initiatives 2022 Q3 YTD total local spend is at 80% and indigenous Empowered local businesses and promote connections of our spend is at 57% against our annual target of 50% suppliers with locally available suppliers Local Content Regulation Workshop conduc

  18. Slide 18: Commitment to employment of nationals…

    Commitment to employment of nationals… Headcount Q3 YTD Key Achievements: Expat Contractors Headcount increased by 15% compared to 2021 1% 96% Tanzanian workforce – 45.3% hired from community surrounding the mines 58% of senior management are Tanzanian Female employees form 11% of total headcount Na

  19. Slide 19: Endnotes

    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

Barrick Mining — Corporate Update (October 2022) on 6ix