Slide 1: Mali: Delivering value through strong local partnerships
Mali Delivering value through strong local partnerships Media briefing…February 2021 1
Slide 2: Cautionary Statement on Forward Looking Information
Cautionary Statement on Forward Looking Information… Certain information contained in this presentation, including any information as to Barrick’s strategy, 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… i In Q1 2020, Barrick sold its stake in Massawa to Teranga Gold (“Teranga”) and retained an 11% equity interest in Teranga. In November 2020, Endeavour Mining and Teranga jointly announced an intention to merge.
Slide 4: 24 years of commitment to Mali and West Africa
24 years of commitment to Mali and West Africa… 2012 2013 2014 2015 2016 2017 2019 2020 2020 Record Loulo Complex Production +1.2Moz +1.25Moz Gounkoto Randgold – Gounkoto Loulo pays production record exceeds 1Moz group group super pit Barrick UG maiden Morila mine life production LTIFR1 down product
Slide 5: Safety, health and environment
Safety, health and environment… Loulo-Gounkoto Complex Safety LTIFR/Million Hours Worked Improved safety performance – LTIFR decreased to 0.07 in 2020 1.4 compared to 0.22 in 2019, with TRIFR2 of 1.53 in 2020 compared to 1.2 2.97 a year ago 1.0 Mines remained ISO 45001:2018 Safety Management System
Slide 6: Safety, health and environment
Safety, health and environment… Loulo-Gounkoto Complex HIV HIV Positivity Rate (%ii) 2.0 Collaboration with local NGOs working in the surrounding 1.8 villages and empowering the community with HIV 1.6 education and a HIV preventive program 1.4 Preventative action includes mass sensitization and 1.2
Slide 7: Delivering on 2020 business plan
Delivering on 2020 business plan… Loulo-Gounkoto Complex delivered annual production3 of 680koz Loulo paid a maiden dividend in Q3 2020 following an extension to the mine’s convention Development started on the main portal for the Gounkoto underground mine Delivery of first ore from Gounkoto undergr
Slide 8: Loulo UG development and mining
Loulo UG development and mining3… UG Ore Tonnes - 2020 Ore tonnes achieved during Q4 2020 - 714Kt (000) Stopes Tonnes Development Tonnes Overall mining compliance maintained above 85% 800 Commissioned underground workshop at Yalea 700 Lateral development achieved during Q4 2020 - 3.5km 600 Recruitme
Slide 9: Gounkoto underground project
Gounkoto underground project… Key Highlights Vent portal development completed Main portal development started in mid-October, two weeks earlier than planned Delivery of first ore in Q2 2021 Successful feasibility study update extends underground life Metres Q4-20 Q3-20 Q2-20 Q1-20 0 50 100 150 200
Slide 10: Gounkoto open pit
Gounkoto open pit3… Ore Tonnes Mined 2020 Mining operation aligns with world’s best mining 1,200 1,110 practices 1,000 As planned, 1.1Mt ore mined in Q4 2020 748 Tonnes (000) 800 Blast logic program successfully implemented for 600 enhanced drill and blast QA/QC. Trial stage completed 400 in Decembe
Slide 11: Loulo Solar Project
Loulo Solar Project3 … Construction update Construction and full commissioning completed Benefits: Reduces blended power unit costs by $0.02/kWh Saves more than 10 million litres of fuel per annum and associated fuel handling costs - equates to a saving of 180 trucks per annum Reduces carbon dioxide
Slide 12: Sakola Road
Sakola Road… Upgraded the community road between Bada and Djidian Reduces the risk of accidents (safety and environment) Safer commuting for the community
Slide 13: Loulo District
Loulo District… A World Class Destination Gounkoto Permit: Loulo Permit: DB1 system defined over 1km strike length with Scout drilling confirms extension of Transfer Zone preliminary open pit optimization planned in Q1 shoot 660m south of 2019 block model 2021 Scout drilling at Yalea Ridge Nor
Slide 14: Yalea Transfer Zone South
Yalea Transfer Zone South… System Extension Confirmed… Scout drilling confirms extension of system 480m south of the 2019 block model with wide zones of higher- grade material (i.e. YDH298W1) Additional step-out drilling underway 160m down plunge (i.e. YDH300) Next Steps: Continue step-out framework
Slide 15: Loulo-Gounkoto: Development of local skills
Loulo-Gounkoto… Development of local skills Total Employees: 5,322i Contractors Nationals: 5,106 (96%) Expats Expats: 216 (4%) 90 (2%) Mine Mine Nationals Permanent Expats 1,632 (31%) 126 (2%) Contractors Temporary Nationals Nationals 3,067 (58%) 407 (8%) i Totals may not add due to rounding
Slide 16: Mining sector is an important source of foreign currency
Mining sector is an important source of foreign currency… Countries with highest ratio of Mining Exports to Total Exports 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% Botswana Sierra Democratic Mongolia Burkina Zambia Mali Nauru French Guinea Peru Leone Republic of Faso Polynesia the the Congo Source
Slide 17: Barrick contribution to Mali economy
Barrick…contribution to Mali economy Our three mines have also been responsible for between 5% and 10% of the Malian GDP over the last ten years % Contribution to Malian GDPi 10% 9% 8% 7% Morila 6% Gounkoto 5% Loulo 4% 3% 2% 1% 0% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Source: World Bank
Slide 18: Barrick contribution to Mali economy
Barrick...contribution to Mali economy Barrick/Randgold operations have contributed approximately US$ 7.7 billion to the Malian economy in the form of taxes, royalties, salaries and payments to local suppliers in the last 24 years Gounkoto Loulo US$ 1.3 Bn US$ 4.1 Bn Morila US$ 2.3 Bn
Slide 19: Dividends, Taxes and Royalties paid to Mali
Dividends, Taxes and Royalties paid to Mali... Barrick/Randgold operated mines have paid approximately US$ 3 billion in the form of Dividends, Taxes and Royalties to the State over 24 years Dividends to Barrick US$ 1.1 billion Dividends, taxes and royalties to the State US$ 3 billion
Slide 20: Local contractors and supply strategy
Local contractors and supply strategy… $375.5 million spent on local contractors and suppliers in 2020 (services rendered, goods and fuel supply) Transport consortium implemented which incorporates a greater number of our Malian transport partners and has a direct and positive impact on our License
Slide 21: Accelerator for SOMILO Local Suppliers
Accelerator for SOMILO Local Suppliers… Build the capacity of local suppliers to improve their management system and service quality Improve performance and increase the trust of mining companies and financial institutions to secure access to financing and opportunities 12 companies have been select
Slide 22: Loulo-Gounkoto CSR - governance and stakeholder engagement
Loulo-Gounkoto CSR3 - governance and stakeholder engagement…>$13m invested; $29.6m patente paidi Potable water 61 boreholes and 7 water supply systems constructed Regular water quality analysis with annual feedback sessions held in villages Establishment of water management committees in villages He
Slide 23: Loulo-Gounkoto CSR
Loulo-Gounkoto CSR… Community projects completed in 2020 1 new school built at DK village 6 women multifunctional centres built 4 boreholes and 4 water supply systems built 2 food grinding mills donated to women Loulo village chief house built Major support to the community to fight against Covid-19
Slide 24: Covid-19 prevention in the communities
Covid-19 prevention in the communities Ensuring community awareness through radio broadcasts and meetings on prevention measures Donation of sanitation kits to the community Donation of medical kits and financial support to the Kayes and Kenieba authorities Mahinamine isolation room rehabilitated, a
Slide 25: Agribusiness ongoing project
Agribusiness ongoing project… Entrepreneurs 48 entrepreneurs established Support from the mine – water supply system +212 million FCFA of credit granted 30 farms created 29 in Kenieba and one at Kita Program FIERi 450 youth beneficiaries of the programme to be trained 84 of the first batch trained f
Slide 26: Illegal mining
Illegal mining… Update Illegal mining has a significant impact on the environment, including the Faleme river Engagement with local and national authorities – legal procedure initiated to clear illegal miners
Slide 27: Loulo-Gounkoto Complex...a look at 2021
Loulo-Gounkoto Complex...a look at 2021 Power line upgrade to support the Gounkoto underground operation as well as the expansion of power generating capacity Complete designs and commence with conversion of the TSF from downstream to a fully buttressed dam as part of Barrick’s long term sustainabil
Slide 28: 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 reportable incident frequency rate (TRIFR) is a ratio calculated as follows: number of reportable injuries x 1,00
Slide 29: Appendix A – Loulo Significant Intercept Table
Appendix A – Loulo Significant Intercept Tablei Drill Results from Q3 2020 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width Lodeii Drill Hole Azimuth Dip Interval (m) Width (m) iii Au (g/t) is 2m; internal dilution is equal to or less than 2m total wid
Slide 30: Appendix A – Loulo Significant Intercept Table
Appendix A – Loulo Significant Intercept Tablei Drill Results from Q3 2020 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept width Lode ii Drill Hole Azimuth Dip Interval (m) Width (m) iii Au (g/t) is 2m; internal dilution is equal to or less than 2m total wi