Slide 1: Veladero JV… a golden opportunity
Veladero JV… a golden opportunity Mining for a brighter future March 2020
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,
Slide 3: Barrick…prepared for COVID-19
Barrick…prepared for COVID-19 In response to the outbreak of the Coronavirus and as a responsible citizen, Barrick took the decision to move from a live presentation in San Juan to an online video and teleconference Barrick has increased its site-specific emergency response and regional crisis manag
Slide 4: A transformational journey for Barrick…
A transformational journey for Barrick… A strong Q4 caps a great Full year gold production at upper end and copper production above guidance ranges 2019 Attributable gold production of 5.47Moz and copper production of 432Mlb Successful formation and integration of Nevada Gold Mines JV Barrick 61.5%
Slide 5: Goal of building the world’s most valued gold company…
Goal of building the world’s most valued gold company… Source: Bloomberg Financial Markets. Market data as of January 27, 2019. Indexed (base = 100) at September 21, 2018, one working day before the Barrick Randgold transaction was announced.
Slide 6: Veladero fact sheet
Veladero fact sheet(i) Mine data Geology Production Workforce 4,959(iii) San Juan - Argentina Reserves(i) 5.6 Moz 2019 results – 1,120 Community (22.6%) First gold 2005. proven and probable 548(i) Koz at a Cost of 3,271 San Juan (66.0%) Sales of $1,188/oz Ownership Resources(i) 7.9 Moz 528 Argentina
Slide 7: Veladero 2019 economics
Veladero 2019 economics(i) PURCHASING & CONTRACTS $240 M National (48.2% not considering fuel) $434 (OPEX) INVESTMENTS (CAPEX) $146 M San Juan (11.4 Iglesia y Jáchal) $49 M International TAXES, ROYALTIES & 82% National Government $141 EMPLOYER CONTRIBUTIONS 18% San Juan Government USD $769M $62 WAGE
Slide 8: Veladero/Lama Trust Funds and cumulated contributions
Veladero cumulated Veladero/Lama(i) contributions Trust Funds Electrical Infrastructure - EPRE Exports In Progress $55 M - San Juan - Rodeo 2005 Power Line Services 2019 Purchases paid in-country $ 6.1 B $ 39.2 M Infrastructure & San Guillermo / Argenta New Hospital for Iglesia (AR$ 150 M – $ 9.5 B
Slide 9: Veladero…2019 highlights
Veladero…2019 highlights Safety performance: TRIFR(4) 1.24 Environmental performance: ZERO reportable incidents Gold Production of 548Koz +10% above budget(i) Successfully replaced annual production depletion and added 1.4Moz contained gold to the approved Life of Mine Plan year on year Extended min
Slide 10: Veladero…Health & Safety
Veladero…Health & Safety 2019 Solid Safety Performance 9% improvement on 2019 (1.35 TRIFR(4)) 2,200 employees trained in fatality prevention commitments 2020 focus on leading actions/indicators Result (audits/flash report/pre-job meeting). Hours worked 8,081,208 Targeting ISO 45001 Health and Safety
Slide 11: Veladero…Environment
Veladero…Environment CN reduction Zero reportable incidents in 2019 Recertified ISO 14001 NaCn (t) 2018 2019 2020-24 Mercury exported: 96t shipped average 200t planned 2Q 2020 -50 50 150 250 350 450 550 650 Presented first TSM standards self-assessment to CAEM and authorities in Q4 2019(i) Water foo
Slide 12: Veladero life of mine extension & potential…
Veladero life of mine extension & potential… Current mine plan extends mining activity to 2027 and residual leaching to 2031 Mineral Resources plan identifies potential to add Federico 0.8Moz of M&I and 0.2Moz of Inferred contained metal(i), and 2 years mining to current LOM plan Mine life optionali
Slide 13: Veladero…Community development plans
Veladero…Community development plans Water Plants Forestry Agricultural Hydrological 11 plants committed 6.000 trees in Iglesia 2019 target to Critical hydrological 7 plants delivered 6.000 trees in Jáchal double the land and status with Isolated 2 planed for 2020 add new producers solutions among 2
Slide 14: Exploration…
Exploration… Escarcha Brecha Porfiada Identified Target Looking to North Norte PascuaChibolita Lama Penélope Follow Up Target Focus to discover brownfield ounces at Veladero area (extend Brecha Oportuna Rojo Grande Fabiana Veladero Target delineation LOM beyond 2030) Piuquenes Carcavas Veladero Camp
Slide 15: Exploration…
Exploration… Veladero-Lama District Delineate and test brownfields opportunities that could extend Veladero life of mine Pascua Lama Evaluate and consolidate the new generation of projects that could consider existing facilities Veladero Estimated Budget 2020: USD$ 4.65 Del Carmen District Improve t
Slide 16: Projects…
Projects… PHASE 6 PHASE 4b 5b POWER LINEi AIRSTRIP % Progress 63.1% 100 % 60.4 % 70.3 % Expected November Completed June(ii) April completion 2020 February 2020 2020 2020 145.8 MM USD(iii) 9.9 MM USD 41.6 MM USD(i) 4 MM USD Investment 92.3 MM Executed 8.7 MM Executed 19.1 MM Executed 1.8 MM Executed
Slide 17: Projects…
Projects… Local business on Phase 6 12 San Juan companies Industrias Metalúrgicas Jaime / Module assembly Servicios Industriales / Module assembly & mechanical assembly Cuyo Proyectos Industriales / Manufacture type I and III supports Indumet / Manufacture type II supports Ecominera / Soil movements
Slide 18: Pascua-Lama update…
Pascua-Lama update… Pascua-Lama is undergoing a comprehensive internal technical review during 2020 while the site is being stabilized in terms of environmental commitments and holding costs The project does not currently meet Barrick’s internal filters for Tier 1 or Tier 2 assets The technical revi
Slide 19: Technical information & endnotes
Technical information & endnotes The scientific and technical information contained in this presentation has been reviewed and approved by Chad Yuhasz, P.Geo, Mineral Resource Manager, Latin America and Asia Pacific; and Rodney Quick, MSc, Pr. Sci.Nat, Mineral Resource Management and Evaluation Exec