Slide 1: Africa's natural resources endowment positions it to be the next global economic engine
Africa’s natural resources endowment positions it to be the next global economic engine… Mine Africa March 2021
Slide 2: Cautionary statement
Cautionary statement… 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, other than statements of histor
Slide 3: To be world class, we need to be global
To be world class, we need to be global… ii i In Q1 2020, Barrick sold its stake in Massawa to Teranga Gold (“Teranga”) and retained an 11% equity interest in Teranga. In February 2021, Endeavour Mining and Teranga merged. ii In Q1 2021, Barrick announced the sale of Lagunas Norte to Boroo Pte Ltd (
Slide 4: Africa's Mineral Endowment
Africa’s Mineral Endowment… Africa is a massive contributor to the global mining industry, supplying over 25 million ounces of gold and 1.1 million tonnes of copper in 2020 in addition to significant production of numerous other critical mineral commodities Map of Major African Natural Resource Prod
Slide 5: Africa is Underexplored and Highly-Prospective
Africa is Underexplored and Highly-Prospective… Gold Reserves By Regioni Copper Reserves By Regioni Total 2020 Exploration Budget Allocationi Contained Au (Moz) Au Grade (g/t)) Contained Cu (Mt) Cu Grade (%) Europe, 6% 1.26 1.03 0.88 0.76% 0.78% Africa & 0.65 0.60% 0.46% Middle East, 0.26 0.30% 13%
Slide 6: Mega gas fields…a prospect of stronger, cleaner energy supply
Mega gas fields…a prospect of stronger, cleaner energy supply Oil Natural Gas Resource rich Resource poor No recorded natural gas reserves Source: PwC Africa Oil & Gas Review 2019
Slide 7: Africa has the world's youngest population
Africa has the world’s youngest population… Select Age Groups 45 by continent 40 Under 15 Years Over 65 Years 35 30 25 20 15 10 5 0 Source: CIA World Factbook, Gates Notes, Statista, 2018
Slide 8: Infrastructure Can Unlock the Full Potential of Africa
Infrastructure Can Unlock the Full Potential of Africa… Access to Key Infrastructure in Sub-Saharan Africa Africa’s infrastructure severely lags behind the rest of the Sub-Saharan Africa North America European Union world, including in key areas such as energy, communications, transportation, and wa
Slide 9: Potential to generate masses of renewable energy
Potential to generate masses of renewable energy… Africa’s solar power potential Close correlation between energy consumption and economic development, Africa’s population of more than 1.3 billion people renders Only 48% of the an immense and mounting need for reliable energy African population DRC
Slide 10: What does Africa need to succeed?... Natural Resources
What does Africa need to succeed?... Natural Resources… primary driver of economic activity Mining’s contribution to GDP and Exports Macro-level contributions of mining in low and middle income countries Metallic mineral, metals & coal Foreign Direct Investment Production value as % of GDP - 2018 60
Slide 11: Randgold – Barrick merger…bringing investment back to Africa
Randgold – Barrick merger… bringing investment back to Africa Our focus on Tier 1 and strategic assets1 Loulo-Gounkoto (80%) Loulo-Gounkoto in Mali – $7.7 billion paid to Jabal Sayid (50%) now developing third UG mine at Gounkoto State of Mali in the form of Kibali in DRC – the most automated underg
Slide 12: Our past, present and future is built on partnerships and responsible mining
Our past, present and future is built on partnerships and responsible mining … As a modern mining company, Barrick is committed to being a trusted long-term partner for our stakeholders in order to be sustainable - and to be sustainable, we have to be successful Environmental Our employees, communit
Slide 13: 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. A Strategic Asset is an asset which