Barrick Gold : Mali Q2 2024 Media Day

Mali

3 decades of partnerships in Mali…

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 statements, other than statements of historical fact, are forward-looking statements. The words "guidance", "on track", "plan", "in progress"; "opportunity", "potential", "upside", "underway", "test", "target", "continue", "extend", and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: Loulo-Gounkoto's ability to achieve its production guidance for 2024; ongoing exploration and infrastructure projects at Loulo-Gounkoto and the potential benefits of these projects; Barrick's commitment to recruiting and developing host country nationals at Loulo-Gounkoto; Barrick's partnership with the Malian government; Barrick's strategy, plans, targets and goals in respect of environmental and social governance issues, including with respect to community engagement, greenhouse gas emissions reductions, Barrick's renewable energy projects and their expected benefits, and safety and health; planned investments in Mali to support community projects, local procurement, employment, education and development programs; and Barrick's support for disease prevention programs in Mali.

Forward-looking statements are necessarily based upon a number of estimates and assumptions, including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Barrick as at the date of this presentation in light of management's experience and perception of current conditions and expected developments, are inherently subject to significant business, economic, and competitive uncertainties and contingencies. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; risks related to the possibility that future exploration results will not be consistent with Barrick's expectations, that quantities or grades of reserves will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of the initiatives described in this presentation are still in the early stages and may not materialize; changes in mineral production performance, exploitation and exploration successes; risks that exploration data may be incomplete and considerable additional work may be required to complete further evaluation, including but not limited to drilling, engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key mining inputs due to the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks associated with artisanal and illegal mining; changes in national and local government legislation, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Mali or other countries in which Barrick does or may carry on business in the future; risks relating to political instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure to comply with, necessary permits and approvals; non-renewal of key licenses by governmental authorities; failure to comply with environmental and health and safety laws and regulations; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations relating to related to greenhouse gas emission levels, energy efficiency and reporting of risks; Barrick's ability to achieve its sustainability goals, including its climate-related goals and greenhouse gas emissions reduction targets; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; the liability associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such losses; damage to Barrick's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to Barrick's handling of environmental matters or dealings with community groups, whether true or not; risks related to operations near communities that may regard Barrick's operations as being detrimental to them; litigation and legal and administrative proceedings; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and disruptions in the maintenance or provision of required infrastructure and information technology systems; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; risks associated with working with partners in jointly controlled assets; risks related to disruption of supply routes which may cause delays in construction and mining activities; risks associated with Barrick's infrastructure, information technology systems and the implementation of Barrick's technological initiatives, including risks related to cybersecurity incidents, including those caused by computer viruses, malware, ransomware and other cyberattacks, or similar information technology system failures, delays and/or disruptions; risks related to competition in the mining industry; employee relations including loss of key employees; availability and increased costs associated with mining inputs and labor; and risks associated with diseases, epidemics and pandemics. In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).

Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements, and the risks that may affect Barrick's ability to achieve the expectations set forth in the forward-looking statements contained in this presentation.

Barrick disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by applicable law.

All currency figures in USD unless otherwise noted.

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Our Global Presence

A solid foundation for growth and value creation

Geographical

distribution of 2023

gold production

Donlin

(50%)CANADA

Fourmile 100%	Phoenix (61.5%)
USA

		Loulo-
Hemlo		Gounkoto
	80%
100%
Pueblo Viejo

PAKISTAN

JAPAN

Africa North

37% America

50%

NGM (61.5%)

Turquoise Ridge Carlin

Cortez incl Goldrush

Phoenix

DOMINICAN

REP

ECUADOR

PERU

Pierina

60%			EGYPT
		MALI
SENEGAL
		CÔTE D'IVOIRE
Tongon 89.7%
	Kibali 45%	DRC

ZAMBIA

Reko Diq 50%

SAUDI ARABIA

Jabal Sayid 50%

TANZANIA

North Mara 84%

Bulyanhulu

Porgera 24.5%

PNG

South

America

13%

Norte Abierto 50%	Zaldivar 50%
Pascua-Lama100%
Alturas 100%	Veladero 50%
CHILE
	ARGENTINA

Lumwana 100%

Tier One1 gold mines

Other gold mines

Copper mines

Pipeline projects

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2024 Highlights to date…

On track to achieve 2024 production guidance

No LTIs or significant environmental incidents recorded during the quarter

Q2 contributions to the Malian economy in the form of dividends, royalties, and taxes amounted to $84.7 million, bringing the year-to-date total to $173 million

Year to date indirect contribution to the economy through salaries and payments to local suppliers total $295 million - local suppliers account for 75% of the total purchases

2019 to date - more than $11.9 million invested in community projects Loulo - entire automation stream run by local operators and technicians

Completed the second cohort of the business accelerator program to upskill local entrepreneurs

30 national and local employees participated in Barrick Leadership and Management Program at the Barrick Academy in Tanzania

Donated 10 sewing machines, equipment for 15 women-led multifunctional centers and trained 20 women from the community valued $107 000

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Economic contributions…

Total in-country investment of over $10.0 billion since Randgold/Barrick assumed operations in Mali

Loulo, Gounkoto and Morilai mines have collectively contributed between 5% and 10% to the Malian GDP

More than $468 million contributed to Malian economy over past 6 months

		% Contribution to Malian GDP
10%				Morila		Gounkoto		Loulo
9%

8%

7%

6%

5%

4%

3%

2%

1%

0%

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023

Total In-country Investment

1996 - Q2 2024

Gounkoto	Loulo
$2.0 Bn	$5.9 Bn
19%	58%

$10.2

Billion

Morilai

$2.3 Bn

23%

Source: World Bank and Barrick Gold Corporation i Sale of Barrick's interest in Morila was completed in November 2020	5

Journey to Zero…

Responsibility to Stop Unsafe Work continues to be reinforced across all levels of our operation

The rollout of our Fatal Risk Management Program is progressing well, with three Fatal Risk Standards highlighted during Q2

A global safety standdown was held during Q2 which coincided with the roll-outof the Mobile Equipment Fatal Risk Standard

Plans in place to launch our new Life Saving Commitments mid-July

Continued emphasis on safety as a collective responsibility and the role of each and every one of our employees and contractors as safety leaders

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Safety, health and environment…

Safety

Journey to Zero Program continues to ensure safety is valued above all else

Supervisors' Safety Blitz implemented and continues - two groups of supervisors trained as safety coaches

Management Safety Leadership continues through cross functional safety visits including contractors

Health

Malaria elimination program implemented and continues to influence the year-on-year decrease in Malaria Incidence Rate3

Malaria communication strategy developed for community

engagement including schoolchildren

Environment

No major environmental incidents recorded at Loulo-Gounkotoin 2024 to date

35,000 young trees are being nurtured in our nursery to meet our 2024 rehabilitation target

LTIFR2
1.40
1.20
1.00
0.80
0.60
0.40
0.20
0.00
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Malaria Incidence Rate3 (%)
70
60
50
40
30
20
10
0
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
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Loulo-Gounkoto…a Tier One gold mine consistently meeting production guidance

Koz	Gold Production from Loulo-Gounkoto
				2010 to Q1 2024i
800
700
600
500
400
300
200
100
0
2010	2011	2012	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
																Q1

Continued investment in life of mine and community…

Yalea Phase1 deep framework drilling has commenced and is ongoing to test the potential for large scale extensions and/or repetitions of the main high-grade system

Gounkoto pit cutback underway to access ore as per mine plan

Phase 1 deep drilling underway testing of high- grade shoot following the geological model review of Gounkoto deep deposit

Baboto pit re-openedand deep high-gradetarget being tested for UG upside

Complete the 2nd cohort of the business accelerator program to upskill local

entrepreneurs

i On a 100% basis	8

New underground infrastructure…

Yalea Backfill Booster Station		GKT 7MW Fridge Plant
Structural works in progress		Site preparation in progress

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CO2 reduction strategy… Solar Farm Expansion

Climate committee established with the objective of developing a strategy to champion energy savings and reduce CO2 emissions

72 MWp and 38 MVA of battery storage installed to save 30 million litres of Heavy Fuel Oil (HFO) and 72 Ktonnes of CO2 emissions per year

Benefits include:

Operating the mine purely on solar energy during plant shutdown

More reliable power generation to sustain the production capabilities

Solar Extension Project

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