Slide 1: Tanzania: A value driven partnership
BARRICK TANZANIA A value driven partnership... @ Minerals Corporation Limited 9] a partnership between Barrick Gold Corporation 3 and the Government of Ianzania
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: Barrick operates on 4 continents in 19 countries
Barrick operates on 4 continents in 19 countries… Geographical Donlin distribution of (50%) CANADA Barrick’s 2022 Loulo- Gounkoto gold production Phoenix (61.5%) USA Hemlo 80% NGM (61.5%) 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOMINICAN Pueblo Viejo Reko Diq 50% JAPAN Cortez incl Goldrush REP 60
Slide 4: Journey to Zero
Journey to Zero… We have taken a hard look at our current Fatality Prevention Commitments and will be amplifying our efforts with the roll out of our Fatal Risk Management Program in October Fatal Risk Management is about the responsibility to “STOP UNSAFE WORK” if a critical control is missing or i
Slide 5: Overall economic contribution
Overall economic contribution since Barrick assumed operational control in 2019… Total In-Country Investment Recognized as the largest Dividend Payer to the 2019 – Q3 2023 Government (2022/2023) and Largest contributor to the economy through Taxes, employment and Salaries community project USD 277 m
Slide 6: Q3 2023 Highlights
Q3 2023 Highlights… Strong production continued at the Twiga Complex - well on track to achieve 2023 production guidance Along the prospective Gokona corridor multiple high-potential exploration targets identified as possible extensions to the Bulyanhulu structure Conversion drilling at Gena pit pro
Slide 7: Safety and environment
Safety and environment… Safety Safety continues to be prioritized through our Journey to Zero Twiga Lost Time Injuries Frequency Rate program ensuring that every person goes home safe and (LTIFR)4 healthy every day 3.00 Bulyanhulu and North Mara received first and second runner-up 2.50 recognition a
Slide 8: Health
Health… Health Malaria Bulyanhulu and North Mara completed Entomological Surveys on site and in the surrounding villages in line with our Zero Malaria strategy, driving decision-making for appropriate vector control Malaria entomology and vector control training sessions took place in Q3 for the cap
Slide 9: Bulyanhulu gold production
Bulyanhulu gold production… Underground Mining Bulyanhulu total tonnes processed (kt)2 Solid performance on development with an outlook of 280 2.03km which is a 10% increase on the Q2 achievement 260 of 1.85km 240 The mine has fully implemented tele-remote mining 220 seeking to automate and allow wo
Slide 10: Bulyanhulu
Bulyanhulu… Major shaft maintenance improved availability Bulyanhulu – Total Tonnes Hoisted (Kt) (100% Basis) 400 300 200 364 383 354 309 304 257 100 0 Q2-2022 Q3-2022 Q4-2022 Q1-2023 Q2-2023 Q3-2023 Underground delivery progressed successfully and is ahead of schedule General improvement in overall
Slide 11: Bulyanhulu new equipment in Q3
Bulyanhulu…new equipment in Q3 1 x TH545i Truck 1 x LH514 Loader 1 x LH410 Loader 2 x DD421 Jumbo 1 x LH307 Loader
Slide 12: Bulyanhulu new technology
Bulyanhulu…new technology Line of Sight (LOS) bogging at the Bulyanhulu Underground has been replaced with tele- remote bogging A total of five tele-remote chairs have been commissioned - two on surface and three underground Tele-remote bogging is safer than LOS as the operators are not in the ore d
Slide 13: Environmental management
Environmental management… Buzwagi - Rehabilitation North Mara - Water Management TSF Operation & Management TSF rehabilitation is 90% complete with Pond clean up, pump maintenance and Operations conform to the requirements strict QA/QC program discharge permit renewal completed as of Global Industry
Slide 14: North Mara gold production
North Mara…gold production Mining North Mara Opencast - total tonnes mined (kt)2 5,000 Good performance in tonnes mined attributed by good availability of mining fleets, good stope preparation and 4,000 additional goodbye cut at Rama pit 3,000 Processing 2,000 1,000 Increase in processed tonnes driv
Slide 15: Exploration footprint for expansion: North Mara
Exploration footprint for expansion…North Mara Reapplication of 2 permits RC Program to develop Near mine exploration programs in Ongoing growth via granted. Increases North Mara geology knowledge and progress exploring growth consolidations of new permits licence portfolio generate targets opportun
Slide 16: Exploration footprint increased: Bulyanhulu
Exploration footprint increased…Bulyanhulu Geochemical drilling in Targeted geochemical drilling and airborne progress defining conceptual targets N geophysics, exploring for blind satellite beneath expansive cover opportunities Added 185km2 to regional portfolio through Bulyanhulu signed Option Agr
Slide 17: Commitment to local suppliers
Commitment to local suppliers… Key Achievements Ongoing Initiatives YTD 2023 total local spend at 84% and indigenous spend at Commissioned the second cohort of the local business 66% exceeding annual target of 61% development program which will kick-off in November Facilitated Mining Commission loca
Slide 18: Commitment to local employment
Commitment to local employment… Composition of Employees Expats Contractors 2% Key Achievements: 96% Tanzanian workforce – 54.7% hired from communities surrounding the operating mines National 58% of senior management are Tanzanian Contractors 5,747 National Female employees make up 9% of total head
Slide 19: Supporting our communities since 2019
Supporting our communities since 2019… Others (Community engagement), Economic 2% Development, 8% Road Infrastructure, 25% North Mara road infrastructure Youth Agribusiness Project in Matongo Water & Power $13.2m Projects, 5% 3-Classrooms Kabale Primary School Hospital Building Nyang'hwale District
Slide 20: Barrick - Twiga Future Education Program
Barrick - Twiga Future Education Program In March 2023 Barrick pledged US$30m to Her Excellency of the United Republic of Tanzania, to support her efforts to improve educational infrastructure: 1,090 Classrooms, 270 Dormitories and 1,640 ablution blocks, to accommodate an increase of 49,000 pupils w
Slide 21: Transforming the community in Bulyanhulu
Transforming the community in Bulyanhulu Health Project Key Achievements Improvement of health services at Nyang’hwale District Other health services improved include In collaboration with the Nyang'hwale District Council, Bulyanhulu The ongoing construction of a private ward at the Nyang’hwale Dist
Slide 22: Education Project Key Achievements
Transforming the community in Bulyanhulu Kharumwa English Medium Primary School The construction of Kharumwa English Medium Primary Education Project Key Achievements School has enabled the majority of children in the community to be enrolled in an English Medium School The English medium school wil
Slide 23: Bulyanhulu community engagement and support
Bulyanhulu community engagement and support… Community Representative (Monthly perception Community leaders' engagements Weekly Community SMEs Meeting surveys meetings) Enrollment of 157 students Kharumwa English Medium Ntobo Nursing College classrooms Nyang’hwale Hospital – Emergency Block at Kharu
Slide 24: Transforming the community in North Mara
Transforming the community in North Mara… Water Project Matongo Agribusiness The project benefits approx. 30,000 people Benefits 100 youth. Harvests of fresh vegetables done weekly (40% AKO, 60% sold to other markets) Reduced burden for women walking far distances in search of water Farmers linked t
Slide 25: North Mara community engagement and support
North Mara community engagement and support… Handover of completed dispensary in Regular rehabilitation of community roads Emergency support and Rescue Matongo Village Engagement with HR NGOs on community and Official launching of Mara day exhibition – Supporting construction of incinerator at gener
Slide 26: Bulyanhulu & North Mara today
Bulyanhulu & North Mara today …
Slide 27: Fixed the social license
Fixed the social license… Barrick has worked diligently to restore and Prioritizing safety through Journey to Zero rebuild the relationship with the local program to ensure that every person community. A key focus has been to ensure returns home safe and healthy every day the local community meaning
Slide 28: CDC Projects
CDC Projects… Barrick has invested over $7 million in community initiatives through its Tanzanian CDC, established shortly after it took operational control of Acacia’s mines in 2019. Some of the projects include: ■ Improved school and health infrastructures such as classrooms, teachers’ houses, ped
Slide 29: Bulyanhulu community engagement and support
Bulyanhulu community engagement and support… Community Representative (Monthly perception surveys meetings) Community leaders' engagements Weekly Community SMEs Meeting Kharumwa English Medium Enrollment of 157 students Ntobo Nursing College classrooms Nyang’hwale Hospital – Emergency Block Adm.Bloc
Slide 30: North Mara community engagement and support
North Mara community engagement and support… Handover of completed dispensary in Matongo Regular rehabilitation of community roads Emergency support and Rescue Village Engagement with HR NGOs on community Official launching of Mara day exhibition – Supporting construction of incinerator at and gener
Slide 31: Nationals' recruitment and skills development
Nationals’ recruitment and skills development… Barrick implemented its global local-first recruitment policy, prioritizing jobs for residents and those from neighboring communities, in line with localization plan to identify talent and to provide them with world- class training and mentorship progra
Slide 32: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a $1,300/oz reserve 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. On a 100% basis. 3. "Indigenous Company