Slide 1: Impact of mining on the Malian economy…challenges and opportunities
Mali Impact of mining on the Malian economy…challenges and opportunities PDAC virtual presentation 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 historic
Slide 3: 24 years of commitment to West Africa…
24 years of commitment to 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 LTIFRi down production produ
Slide 4: Barrick Mines in Mali Gold Production…
Barrick Mines in Mali Gold Production… 900 Barrick Mines in Mali Gold Production (100%) (Koz) Loulo-Gounkoto Complex 800 Morila 700 600 500 503 346 580 639 730 715 KOunces 400 317 707 660 680 630 300 200 239 249 100 203 142 110 6 54 70 75 68 37 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 202
Slide 5: Mali gold mining industry impact…
Mali gold mining industry impact… Revenue generated from gold mining represents 70% of the total export of Mali over the last ten years Mali Gold Export vs. Total Export 2,500 2,000 Billion FCFA 1,500 1,000 500 0 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 Gold Export Total Export Source: BCEA
Slide 6: Loulo–Gounkoto… development of local skills
Loulo–Gounkoto… development of local skills Total Employees: 5,481 (3% state employees) Nationals: 5,250 (96%) Contractors Expats: 231 (4%) Expats Total Salary: 5% state salary 102 (2%) Mine Mine Nationals Permanent Expats 1,626 (30%) 129 (2%) Contractors Temporary Nationals Nationals 3,076 (56%) 54
Slide 7: Barrick’s contribution to Mali economy...
Barrick’s 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 Barrick/Randgold operations have contributed approximately US$ 7.7 billion to the Malian economy in the form of taxes, royalties, salaries and payment
Slide 8: Loulo-Gounkoto CSR - governance and stakeholder engagement…
Loulo-Gounkoto CSRiii - 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
Slide 9: Agribusiness Local Business Support… License to operate
Agribusiness Local Business Support… License to operate $375.5 million spent on local contractors and suppliers in 2020 (services rendered, goods and fuel supply) Joint venture with local partner on limestone project to increase local content (SI-Mining) Transport consortium implemented to incorpora
Slide 10: Morila Sale Concluded…
Morila Sale Concluded… TSF reclamation 188,672oz produced by reclaiming the TSF materials Reclamation treatment methodology Environmental benefit Morila sold to Firefinch to breathe new life The sale was concluded on 10 November 2020 The transaction will benefit the mine’s Malian stakeholders (Emplo
Slide 11: Opportunities and Challenges
Opportunities and Challenges Opportunities Challenges Growth Covid-19 related issues Super Pit for Yalea South Upper Saprolite Compliance reinforcement Prefeasibility study on a new potential Testing capacity improved with the purchase of a underground mine (Loulo 3) planned for 2021 PCR machine Ill
Slide 12: Technical Information
Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, Mineral Resources Manager, Africa and Middle East, a “Qualified Person” as defined in National Instrument 43-101 – Standards of D