Slide 1: Reflecting on 40 years of exploration and mining in Africa
…Reflecting on 40 years of exploration and mining in Africa London Mining Indaba June 2023
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, o
Slide 3: The world mining industry is ex-growth…
The world mining industry is ex-growth… GOLD COPPER COBALT 2,000 Reserve oz Reserve g/t 1.65 1,000 Reserve tonnes Reserve % 0.08% 8 Reserve tonnes Reserve grade % 0.08% 1.60 800 1,500 0.06% 6 0.06% 1.55 600 Millions Millions Millions 1,000 0.04% 4 0.04% 1.50 400 500 0.02% 2 0.02% 1.45 200 0 1.40 0 0
Slide 4: Minerals are critical to development and building a better world for future generations…
Minerals are critical to development and building a better world for future generations… JUST TRANSITION vs an INFORMED and EQUITABLE TRANSITION All minerals mined are critical whether it is to provide green energy or to uplift the livelihoods and economies in developing countries – batteries will n
Slide 5: Metal and Mineral Endowment of Africa…
Metal and Mineral Endowment of Africa… Map of Major African Natural Resource Share of Africa in global gold mine Gold mine production in Africa 2011 - 2021 Production and Potential production 2012 - 2021 25 800 Gold % Gold Tonnes 700 20 600 Petroleum 15 500 Petroleum Gold & Petroleum 400 10 300 Gold
Slide 6: Our DNA: Licence to Operate and creating an Investable Africa…
Licence to Operate and creating an Investable Africa… Mining done well and responsibly has a unique ability to drive socio- Our DNA economic development Our partnership philosophy creates long-term value for all our stakeholders, driving social and economic development in our host communities and co
Slide 7: Randgold Resources…building a FTSE 100 company in Africa
Randgold Resources…building a FTSE 100 company in Africa 2010 2011 2013 Relative Performance (Base = 100) Tongon Gounkoto Kibali first 2019 2009 first gold first gold gold Randgold – Randgold Resources 3,000 Gounkoto Côte Mali DRC incorporated in 1995 2007 discovered d’Ivoire Barrick Massawa merger
Slide 8: Value creation through exploration and development…
Value creation through exploration and development… Geology not geography sets the potential to find Tier One1 deposits Significant proven and probable reserves2 added Growth through organic discovery and post through brownfields and greenfields exploration acquisition addition Goldstrike Loulo-Goun
Slide 9: Randgold – Barrick merger… bringing investment back to Africa
Randgold – Barrick merger… bringing investment back to Africa Our focus on Tier One and strategic assets1 Loulo-Gounkoto (80%) Loulo-Gounkoto in Mali – third UG mine at the complex $9.3 billion paid to Jabal Sayid (50%) Kibali in DRC – the largest and most automated State of Mali in the form of taxe
Slide 10: BARRICK… Taking ESG to the next level
Biodiversity management is not We ensure we create a BARRICK… only critical to the way we adapt to climate change but also in the sustainable business that continues to uplift our host Taking ESG to fight against poverty communities and countries, the next level building their resilience to a changi
Slide 11: To be world class, you have to be global
Barrick To be world class, you have to be global operates on 4 13 gold mines and 3 copper mines continents in 19 countries Donlin (50%) CANADA Loulo- Geographical distribution Phoenix (61.5%) Gounkoto 80% Hemlo Mozproduction of 2022 gold NGM (61.5%) USA 100% Turquoise Ridge EGYPT PAKISTAN Carlin DOM
Slide 12: Connect with us
BARRICK GOLD CORPORATION Corporate Office: TD Canada Trust Tower 161 Bay Street, Suite 3700 Toronto, Canada M5J 2S1 Tel: +1 416 861-9911 Toll-free throughout North America: 1 800 720-7415 Connect with us 12
Slide 13: Endnotes
Endnotes 1. A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve. A Tier One Copper Asset is an asset