Slide 1: Mali
Mali 29 years of investment in Mali…
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: Our Global Presence
Our Global A solid foundation for growth and Presence value creation Donlin (50%) CANADA Geographical distribution of 2023 gold production Phoenix (61.5%) Loulo- Gounkoto Hemlo 80% USA 100% PAKISTAN Pueblo Viejo JAPAN NGM (61.5%) Fourmile 100% Reko Diq 50% 60% EGYPT Turquoise Ridge DOMINICAN SAUDI A
Slide 4: Highlights in 2024 to date
Highlights in 2024 to date… Loulo-Gounkoto Complex on track to achieve gold production plan got Q1 2024 No Lost Time Injuries (LTIs) or major environmental incident recorded to date during this quarter ISO 45001 and ISO 14001 certification maintained PV expansion - Phase 2 commissioned adding 40MW a
Slide 5: Economic contributions
Economic contributions… Total In-country Investment Loulo, Gounkoto and Morilai mines have collectively 1996 – Q1 2024 contributed between 5% and 10% to the Malian GDP Total in-country investment of $10.0 billion since Randgold/Barrick assumed operations in Mali Gounkoto Loulo More than $1 billion c
Slide 6: Journey to Zero
Journey to Zero… Responsibility to Stop Unsafe Work continues to be reinforced across all levels of our operations Global roll-out of Life Saving Commitments planned for the first half of Q2 2024 Global launch of the Fatal Risk Management Program, supported by an extensive communication campaign tha
Slide 7: Safety, health and environment
Safety, health and environment… Safety LTIFR2 1.40 Journey to Zero Program continues to ensure safety is valued above all 1.20 else 1.00 The Responsibility to Stop Unsafe Work continues to be reinforced across 0.80 all levels of the operation 0.60 Barrick Group Safety Executive conducted a site safe
Slide 8: Operational Upside
Operational Upside… Loulo-Gounkoto Complex Loulo-Gounkoto – a Tier One mine consistently Total Gold Production 2010 – 2023i meeting annual production guidance Koz 800 700 Upside… Yalea Phase1 deep framework drilling has commenced and 600 is ongoing to test the potential for large scale extensions an
Slide 9: New underground infrastructure
New underground infrastructure… Successful start up of new 8MW fridge plant at Gara Civil work for new 850 KW fan progressing well at Gounkoto Gounkoto new 850 kW fan Gara new 8MW Fridge Plant
Slide 10: Mega 60 MW solar plant running at Loulo
Mega 60 MW solar plant running at Loulo… 38 MVA Battery Energy Storage Solar Farm Area System (BESS) Zone 2 Units Project fast-tracked as a result of efficient management and completion of long-lead item procurement ahead of time Q1 2024 will focus on fine tuning the whole system and final testing G
Slide 11: Exploration and upside
Exploration and upside… Further drilling at Baboto has extended the mineralized system to 200mVD, remaining open at depth with higher grade intersections. Phase 2 deep drilling has commenced to assess the scale of Boboto the system and overall potential Gara Framework deep drilling progresses testin
Slide 12: Growing the Malian economy
Growing the Malian economy Local contractor promotion ... Local Economic Development: $617 000 generated by community (Groupement d'Intérêt Economique) GIEs through partnerships with the mine in Q1 2024 to date 4 communities GIE onboarded for solar extension clean-up - $187 000 per year for service
Slide 13: Commitment to local employment
Commitment to local employment… Employee Composition 96% of employees are from Mali, highlighting Barrick’s Expat Expat strategy to grow local talent and provide employment to Employees Contractor nationals 122 (2%) 140 (2%) 20% of the workforce employed directly from surrounding communities equatin
Slide 14: Local Engagement: Economic development and infrastructure
Local Engagement Economic development and infrastructure… Community Road infrastructure: Molasses application for dust control continues on community roads Dabara-Sakola road construction in progress, total cost of $442k 200 solar streetlights installed in DK village as part of a public lighting pro
Slide 15: Local Engagement: Stakeholder engagement
Local Engagement Stakeholder engagement… Quarterly analysis of community drinking water by the National Laboratory of Water Annual feedback of water analysis results to local communities; no major issues highlighted New year wishes presentation and Barrick calendar donation to stakeholders at Kayes
Slide 16: Local Engagement: Education
Local Engagement… Education Under the Education quality improvement program: 16 teachers trained in the Montessori teaching method Diagnostic study of surrounding village’s education system and feedback Classrooms and offices rehabilitated in DK Bursaries paid for 50 students from surrounding commun
Slide 17: Local Engagement: Portable water and food security
Local Engagement Portable water and food security…. Hand pump borehole rehabilitation into water supply system (WSS) 1 water supply system built for Mahinamine school and CSCOM (Community Health Center) 1 water supply system built in Loulo village New drinking water systems being built in 3 villages
Slide 18: Local Engagement: Women empowerment
Local Engagement Women empowerment… 4 Village Savings and Credit Associations (VSCA) established with 113 female members $2,063 in savings made, $1,541 in credit granted and $1,262 in outstanding credit to enable income-generating projects and improve management capabilities New borehole built with
Slide 19: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve with potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and with all in sustaining costs per ounce in the lower half of the industry cost curve. 2. Lost time injury frequency rate ("