Slide 1: Argentina Media Day: Veladero Update
Argentina Media Day Veladero Update October 2022
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: Barrick: Operating in 18 countries and 4 continents
Barrick: Operating in 18 countries and 4 continents Partnering with our host countries is foundational to our business purpose In April 2020, Porgera was placed on care and maintenance. Porgera interest of 24.5% reflects Barrick’s expected ownership interest following the implementation of the bindi
Slide 4: Barrick robust project pipeline
Barrick robust project pipeline… Project Update NGM updated Goldrush feasibility study delivers a robust Construction & Development project that meets Barrick’s investment criteria; Record of Decision Projects 2 2 3 expected in H1 2023 Third shaft at Turquoise Ridge commissioning early in Q4 1 1
Slide 5: Veladero fact sheet
Veladero fact sheet Veladero is a joint venture 50% owned by Barrick and 50% by Shandong Gold Located in the province of San Juan, at an altitude of between 4,000 and 4,850 meters above sea level, 374 kilometres northwest of the capital Construction from 2003 - 2005 (for $828 million on a 100% basis
Slide 6: Safety and health
Safety and health Q3 YTD +18 months since the last LTI (18.5 million man-hours) 2022 ISO 45001 certification achieved in 2022 for the first time 115% increase in number of Visible Felt Leadership interactions completed from Q2-Q3 Effective Winter Operation execution in a season of frequent adverse w
Slide 7: Environment
Environment Zero recordable Class 1 (high) and Class 2 (medium) Q3 YTD environmental incidents in Q3 and YTD 2022 ISO 14001 re-certification HMS-TSM (Towards Sustainable Mining standard). The panel visited the site to evaluate self-assessment protocols, as well as the communities of Jáchal and Igles
Slide 8: Enhanced participatory water monitoring
Enhanced participatory water monitoring Committed to water stewardship and participatory monitoring with all stakeholders Press visit in May 2022 Re-launched the participatory monitoring program to increase frequency and involve more neighbors from Jáchal and Iglesia Monthly frequency from Oct-22 to
Slide 9: Local talent development
Local talent development EMPLOYEES ORIGIN 140 GENDER BALANCE 10 120 8 100 # total 9,8% 8.8% 6 % 80 6.6% 7.0% 7.0% 143 60 126 4 5.4% 5.2% 5.4% 5.4% 102 101 97 40 78 71 71 74 2 20 0 0 Q2 - 2020 Q3 - 2020 Q4 - 2020 Q1 - 2021 Q2 - 2021 Q3 - 2021 Q4 - 2021 Q1 - 2022 Q2 - 2022 66% % of total headcount Wom
Slide 10: Local Suppliers Development Strategy
Local Suppliers Development Strategy Veladero initiatives Early submission of contract bids to local We invest suppliers' chambers in real partnerships Supplier development area for San Juan with mutual responsibility Local community content clauses included in contracts Community business incubator
Slide 11: Veladero: suppliers | 12 months ending Q3 2022
Veladero: suppliers | 12 months ending Q3 2022 TYPE OF SPENDi STANDARD GOODS & SERVICES SPEND USD 22M; 6% USD 32M; 9% USD 293M; USD 359M; 359M USD 180M; 45% 55% USD 50% USD 125M; 35% Standard Goods & Services Spend Community Provincial National International NON-SUBSTITUTABLE SUPPLIESi SPEND IN
Slide 12: Veladero: suppliers | 12 months ending Q3 2022
Veladero: suppliers | 12 months ending Q3 2022 Community San Juan 81 suppliers 291 suppliers 22 180 M USD M USD MILICIC MINERIA SA ESTANDAR CO S.R.L. MALVAR PIZARRO JUAN CARLOS ECO MINERA S.A. HUARPE S.R.L ALONSO ICON S.R.L. S.I.E.M. S.R.L. PAP S.R.L. GRUPO FE&RO RODEO SERVICIO
Slide 13: Suppliers development to replace imports
Suppliers development to replace imports 373 different parts have been locally substituted in Veladero history 39 active projects at different stages Truck harness for CAT 793 Dump for CAT 793 trucks Drill fastener rubbers Truck and shovel brake discs Electric mirrors prototypes Wate
Slide 14: Community suppliers' development
Community suppliers' development Community New local suppliers contracts have developed doubled since 2020 Project examples Forged grinding balls Cleaning service Glass cutting Soil movement Project/Construction contractors Transportation of personnel from communities to Tudcum
Slide 15: Community suppliers' development
Community suppliers' development Partnerships Bidder must develop local developed with suppliers in Iglesia or Jáchal contractors Project examples Tools & hardware Lama care and maintenance Mine road maintenance General cargo transportation Personnel transportation Laundry at Veladero Ambulance Auxi
Slide 16: Community business incubator
Community business incubator Opportunities Veladero supported more than 60 beyond mining projects in 3 years Projects 23 small businesses & entrepreneurs in 2022 USD $121,000 in equipment for: IT, Carpentry, Sports, Electrical Services, Maintenance Crafts, Locksmith, Gastronomy, Agriculture +30% ave
Slide 17: Water plants & Hydrological committee
Water plants & Hydrological committee Las Flores Plant Partners: Municipality of Iglesia, Ministry Water Plants of Production, Ministry of Mining, and Hydrological Environment Agency, Local Legislative Committee Chamber, Departmental Deputy, Irrigation Board, Iglesia Hydraulic Delegation Canal Agua
Slide 18: Enhanced CDC program
Enhanced CDC program The role of the Community Development Committee (CDC) is to allocate the community investment budget to those projects and initiatives most needed and desired by local stakeholders Each CDC is elected and made up of a mix of local leaders and community members, as well as repres
Slide 19: Committed to Growth - Exploration
Committed to Growth - Exploration BOLIVIA Veladero and Barrick are exploring in San Juan province and other provinces of Argentina for new potential gold CHILE ARGENTINA PARAGUAY deposits El Quevar Zaldivar Arizaro (PG) Different drilling campaigns are held during 2022 and will Norte Abierto con
Slide 20: Capital projects strong investment since 2019
Capital projects strong investment since 2019… Leach Facility - Power Line to Leach Facility - Six CAT 793 Airstrip Phase 6 Chile Phase 7A trucks purchase USD 4.2 million USD 190 million USD 52 million USD 75 million USD 20.9 million Completed Dec Completed July Completed Dec Phase
Slide 21: Progress on our 2022 business plan
Progress on our 2022 business plan Zero environmental recordable incidents YTD Zero lost time injuries for the last 18 months ISO 14001 and ISO 45001 certified 99% of workforce is national 56% participation of local suppliers in the spend for goods and services in the last 12 months excluding non-su
Slide 22: Veladero challenges
Veladero challenges ~ + 211 M USD extra cost Veladero hasinproven 22 its commitment to San Juan and Argentina investing in a ~ -120 M USD cash flow 23 (*) RISKS VS UPSIDE long-term future but if no changes the Global challenges plan has increasing risks Flat / declining metal prices Rising fuel,
Slide 23: Questions?
Questions?
Slide 24: 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. On March 20, 2022, Barrick and th
Slide 25: Appendix A - Project Pipeline
Appendix A - Project Pipeline LatAm & North Africa & New Asia Pacific America Middle East Frontiers Refer to the Technical Report on the Pueblo Viejo mine, Sanchez Ramirez Province, Dominican Republic, dated March 19, 2018, Construction & Pueblo Viejo Plant Expansion Gounkoto UG Japan: Turquoise Rid