Africa & Middle East
Investing in Cote d'Ivoire's future…
Abidjan, July 2021
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 historical fact, are forward-looking statements. The words "subject", "plan", "guidance", "continued", "further", "ongoing", "extension", "commitment", "implementation", "on track", "renew", "prevention", "programs", "future", "preliminary", "standby", "test", "update", "potential", "targets", "prospective", "progressed", "advanced", "priority", "underway", "conceptual", "strategy", "pilot", "nearly", "expected", "objective" and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: forward-looking production targets and guidance; potential cost improvements; future investments in community projects and disease prevention programs; potential mineralization and new discoveries; mineral reserve and mineral resource conversion and replacement at the Tongon mine and surrounding areas; potential life of mine extensions; workforce localization and training; ongoing challenges faced by Tongon, including with respect to illegal mining activities; and the growth of our partnership with the Ivorian government and local communities.
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); the speculative nature of mineral exploration and development; changes in mineral production performance, exploitation, and exploration successes; diminishing quantities or grades of reserves; increased costs, delays, suspensions, and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, and disruptions in the maintenance or provision of required infrastructure and information technology systems; 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 Cote d'Ivoire; lack of certainty with respect to foreign legal systems, corruption, and other factors that are inconsistent with the rule of law; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; timing of receipt of, or failure to comply with, necessary permits and approvals; failure to comply with environmental and health and safety laws and regulations; litigation and legal and administrative proceedings; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to Barrick's reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Barrick's handling of environmental matters or dealings with community groups, whether true or not; the speculative nature of mineral exploration and development; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets; contests over title to properties, particularly title to undeveloped properties, or over access to water, power, and other required infrastructure; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; and availability and increased costs associated with mining inputs and labor. Barrick also cautions that its guidance may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. 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.
Our global business…
As of December 31, 2020
In April 2020, Porgera was placed on care and maintenance. Porgera's ownership is subject to change pursuant to the framework agreement signed with the government of Papua New Guinea on April 9, 2021
Barrick, previously Randgold…
25 years of operation in Côte d'Ivoire
2015 | 2015 | 2016 | 2017 | 2019 | 2020 | 2020 | 2020 | 2021 | |||
Nominated best | Tongon Mine | Tongon Mine | Nominated | Q1 Randgold | Power line | LOM | Gold production | Tongon Permit | |||
mine in Côte | pays off its | declares and | best mine in | & Barrick | reimbursement | extended by | target exceeded, | extension | |||
d'Ivoire | shareholders | pays first | Côte d'Ivoire | merger | signed with 1st | 3 more | driven by record | documentation | |||
loan | dividend | portion paid | years | throughput of 4.5m | filed for 10 years | ||||||
tonnes1 | |||||||||||
2014 | |||||||||||
2012 | 2012 | Aug 2012 | 2011 | 2011 | 2010 | ||||||
Nominated best | |||||||||||
mine in Côte | Additional | ISO 14001 | Oxygen plant | Production continued | Mine officially | Mill 2 | |||||
d'Ivoire | Gensets | Certification | upgraded from | as political crisis | opened by the | commissioned | |||||
commissioned | 20 to 30tpd | escalated | President | with oxide ore | |||||||
2013 |
OHSAS 18001
certification
1996 | 2001 | 2002 | 2007 | 2008 | 2008 | 2010 | 2010 |
Acquired Nielle | Finalised | Force Majeure | Randgold returns | Reserve increased | Mine | First ore fed to | First Gold |
exploration | prefeasibility | declared - | and commences | by 26% | construction | Mill 1 | Poured |
permit | study | exploration office | 30,000m drilling | started | from oxide ore | ||
closed | programme |
Barrick…delivering on the 2021 business plan
Tongon on track to achieve its full-year guidance $150 million dividend declared in Q2
10 years after first gold was poured, Tongon continues exploration campaigns to potentially replace reserves and further extend the LOM with Seydou North and Tongon West
Continued engagement with government and local communities to increase Tongon footprint supporting the extension of its life for the benefit of all stakeholders
Filed documentation for the extension of Nielle mining licence by a further 10 years, to support the drive to add to its life of mine
Continued investment in community development infrastructure and pre-financingof several income generating community projects as well as implementation of maize farm project
Positive start to the year with zero Class 1 environmental incidents2 recorded
Covid-19protocols in place and continued discipline to control the spread of the disease
Tongon has maintained ISO 45001:2018 certification and is on track to renew ISO 14001:2015 certification
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Disclaimer
Barrick Gold Corporation published this content on 10 July 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 July 2021 07:41:02 UTC.