Results for the Quarter and Year Ended 31 December 2019 Cautionary Statement on Forward Looking Information

Results for the Quarter and Year ended 31 December 2019 Cautionary Statement on Forward Looking Information

Barrick cautions that, whether or not expressly stated, all full year and fourth quarter figures contained in this presentation reflect our expected full year and fourth quarter results as of the date of this presentation. Actual audited full year and fourth quarter results are subject to management’s final review, as well as review by the Company’s independent accounting firm, and may vary significantly from those expectations because of a number of factors, including, without limitation, additional or revised information, and changes in accounting standards or policies, or in how those standards are applied. For a complete picture of the Company’s financial performance, it will be necessary to review all of the information in the Company’s full year and fourth quarter financial report and related MD&A as filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Accordingly, readers are cautioned not to rely solely on the information contained herein.

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, other than statements of historical fact, are forward-looking statements. The words “believe”, “expect”, “anticipate”, “target”, “plan”, “objective”, “assume”, “intend”, “project”, “pursue”, “goal”, “continue”, “budget”, “estimate”, “potential”, “may”, “will”, “can”, “could”, “would”, “should” and similar expressions identify forward-looking statements. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: Barrick’s forward-looking production guidance; estimates of future cost of sales per ounce for gold and per pound for copper, total cash costs per ounce and C1 cash costs per pound, and all-in-sustaining costs per ounce/pound; cash flow forecasts; projected capital, operating and exploration expenditures; mine life and production rates; estimated timing for construction of, and production from, new projects; our goals with respect to environmental, health and safety certifications for our operating mines; anticipated gold production from the Deep South Project; potential benefits of Nevada Gold Mines, including potential synergies; timing of completion of feasibility study for Goldrush and Fourmile; the potential for plant expansion at Pueblo Viejo to increase throughput and convert resources into reserves; development of the underground and solar power projects at Loulo-Gounkoto, and expected benefits from such projects; our pipeline of high confidence projects at or near existing operations; potential for existing or newly acquired and/or developed assets to become Tier One or Tier Two gold assets; potential extensions to life of mine; potential mineralization and metal or mineral recoveries; our ability to convert resources into reserves; our project pipeline and results of our greenfield and brownfield exploration work; expected timing for Buzwagi to enter care and maintenance; expected agreement in respect of the extension of Porgera’s special mining lease; and expectations regarding future price assumptions, financial performance and other outlook or guidance.

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 the Company 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; risks associated with projects in the early stages of evaluation and for which additional engineering and other analysis is required; the Company’s ability to successfully re-integrate Acacia’s operations; timing of receipt of, or failure to comply with, necessary permits and approvals, including with respect to Barrick Niugini Limited’s application for an extension to the Porgera mine’s special mining lease; the benefits expected from recent transactions being realized, including Nevada Gold Mines; 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; failure to comply with environmental and health and safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; uncertainty whether some or all of Barrick's targeted investments and projects will meet the Company’s capital allocation objectives and internal hurdle rate; 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; adverse changes in our credit ratings; the impact of inflation; fluctuations in the currency markets; changes in U.S. dollar interest rates; risks arising from holding derivative instruments; 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 Canada, the United States and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule of law; risks associated with illegal and artisanal mining; the risks of operating in jurisdictions where infectious diseases present major health care issues; disruption of supply routes which may cause delays in construction and mining activities; damage to the Company’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Company’s handling of environmental matters or dealings with community groups, whether true or not; the possibility that future exploration results will not be consistent with the Company’s expectations; 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; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation and legal and administrative proceedings; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; business opportunities that may be presented to, or pursued by, the Company; risks associated with the fact that certain of the initiatives described in this presentation are still in the early stages and may not materialize; our ability to successfully integrate acquisitions or complete divestitures; risks associated with working with partners in jointly controlled assets; 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. 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. We disclaim 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. Health & Safety…

1 LTIFR was 0.47 for the quarter and 0.50 for the year 2019 Group Injury Rate 2 3,0 TRIFR was 1.86 for the quarter and 2.24 for the year 2,75 Decreases in LTIs at Africa and Middle East 2,5 operations and in TRIs at North America operations 2,18 2,23 2,24 Goal to have all operational mines certified to the ISO 2,0 1,86 45001 Health and Safety standard by the end of 2021 is progressing 1,5 Coronavirus - site-specific Emergency Response 1,0 Plans (ERP) which roll up into a regional Crisis 0,61 0,52 0,50 Management Plan (CMP). In the event of a pandemic 0,41 0,47 or epidemic, the site teams will follow ERP guidelines 0,5 to implement directives from the municipal, regional 0,0 and national health authorities, and recommendations Q1 19 Q2 19 Q3 19 Q4 19 TOTAL 19 from organisations such as the Centre for Disease LTIFR TRIFR Control (CDC) Environment and Community…

Zero class 1 (high impact) environmental incidents8 recorded during 2019, in line with the group target On track to achieve goal of all operational mines being certified to ISO 14001:2015 environmental management standard by end of 2020 Lumwana successfully certified during Q4 with 4 operations remaining to be certified in 2020 More than 70% of water used at our sites was recycled or reused Biodiversity Action Plans (BAPs) at the priority sites of Pueblo Viejo, Cortez, Goldstrike and Lumwana developed and certified in 2019 Barrick received a score of B minus from the CDP Climate Change questionnaire - the North America regional average is C and the Metallic mineral mining sector average is C Loulo Agricultural College Q4 highlights…

Full year gold production at upper end and copper production above guidance ranges Gold costs per ounce down quarter on quarter Debt net of cash at $2.2 billion, down 47% from 2018 Net earnings per share of $2.26 for 2019. Adjusted net earnings per share3 up 46% year on year Increased efficiency drives significant year over year improvement in copper production and costs Successful formation and integration of Nevada Gold Mines JV results in North American operations delivering at midpoint of its production and cost guidance ranges Pueblo Viejo expansion evaluation and revised flowsheet enhances project Strong performances across the board at Latin American, Asia Pacific and Africa Middle East operations Proven and probable reserves increase year on year at higher grade, net of depletion Tanzanian disputes resolved with signing of framework agreement Significant progress in settlement of tax related issues paves the way for further investment in Mali Non-core asset disposals reinforce strategy of concentrated Tier 1 asset4 portfolio Exceeded water recycling target of 70%; recycled >70% of water used at our sites Another quarterly dividend increase, up 40% from Q3 to $0.07 per share Group operating results…

Q4 2019 was a strong finish for the first year following our transformational merger with Randgold Gold operating results Q4 2019 Q3 2019 2019 2018 Gold production of 5.47Moz for 2019 was at the Production (oz 000) 1,439 1,306 5,465 4,527 upper-end of our guidance range of 5.1 – 5.6Moz Cost of sales ($/oz)5 1,046 1,065 1,005 892 with AISC6 at the mid-point of our targets 6 Anchored by strong performances from Kibali, Total cash costs ($/oz) 692 710 671 588 Veladero and Porgera, which all beat their guidance, All-in sustaining costs ($/oz)6 923 984 894 806 as well as North America, Loulo-Gounkoto and Pueblo Viejo Copper operating results Q4 2019 Q3 2019 2019 2018 Following engagement with the government of Tanzania, normal operations at North Mara resumed Production (millions of pounds) 117 112 432 383 after the lifting of restrictions at the TSF in Cost of sales ($/lb)5 2.26 2.00 2.14 2.40 September 2019 7 Copper production of 432Mlb for 2019 exceeded C1 cash costs ($/lb) 1.90 1.62 1.69 1.97 7 our guidance range of 375 – 430Mlb with AISC at All-in sustaining costs ($/lb)7 2.82 2.58 2.52 2.82

the bottom-end of our targets Unaudited Lumwana posted improvements in mill availability and mining efficiency, reducing costs and extending the life of mine Group financial results…

Financial Results Q4 2019 Q3 2019 2019 2018 Adjusted net earnings3 of $0.17 per share Revenue ($ million) 2,883 2,678 9,717 7,243 Free cash flow9 of $1.1 billion in 2019 compared to $365 million in 2018 driven by a focus on Tier 1 assets4, NGM Net earnings (loss) ($ million) 1,387 2,277 3,969 (1,545) synergy execution, an emphasis on cost reduction and our 3 empowered regional management structure Adjusted net earnings ($ million) 300 264 902 409 Impairment reversal of $865 million following Adjusted EBITDA10 1,562 1,297 4,833 3,080 progression of engineering and evaluation work on the Net cash provided by operating process plant expansion and the additional tailings storage 875 1,004 2,833 1,765 facility at Pueblo Viejo activities ($ million) Fully reverses non-current asset impairment Free cash flow ($ million)9 429 502 1,132 365 recorded in 2015 Net earnings (loss) per share ($) 0.78 1.30 2.26 (1.32) Debt, net of cash is now at $2.2 billion, a 47% decrease from prior year and at the lowest level since 2007 Adjusted net earnings per share ($)3 0.17 0.15 0.51 0.35 Portfolio optimization added $750 million of cash Total attributable capital from sale of 50% share in Kalgoorlie in Q4 2019 393 397 1,512 1,363 expenditures ($ million)11,12 Quarterly dividend increased by 40% to $0.07 ($0.05 in Q3), underpinned by our strong balance sheet and the free Cash and equivalents ($ million) 3,314 2,405 3,314 1,571 cash flow9 based on our five-year outlook Debt, net of cash ($ million) 2,222 3,155 2,222 4,167 Follows a 25% quarterly dividend increase for Q3 2019 to $0.05 from $0.04 for Q2 2019 Dividend per share ($) 0.07 0.05 0.20 0.16

Unaudited Nevada complex…100% basis

Nevada Gold Mines delivers in line with our production Nevada Gold Mines Q4 2019 Q3 2019 H2 2019 and AISC6 guidance range Total tonnes mined (000) 86,613 85,411 172,074 Successful combination and asset integration by management team upon formation of the JV Average grade processed (g/t) 1.96 2.02 1.99 Barrick 61.5% / Newmont 38.5% Ore tonnes processed (000) 18,833 16,603 35,436 Barrick is the operator Recovery rate (%) 80% 79% 79% Renewed focus on mineral resource management, cost Gold produced (oz 000) 951 870 1,821 reduction and mine planning to deliver synergies Gold sold (oz 000) 919 873 1,792 Complex now comprises the following operations: Income ($ millions) 450 385 835 Cortez 10 Carlin (Carlin and Goldstrike); EBITDA ($ millions) 715 655 1,370 Turquoise Ridge (Turquoise Ridge and Twin Creeks); Capital expenditures ($ millions)12 236 267 503 Phoenix and Lone Tree; Minesite sustaining12 202 179 381 Long Canyon Project12 34 88 122 Goldrush to be managed by Cortez once in production Cost of sales ($/oz)5 1,038 1,027 1,033 Fourmile is at the feasibility stage with drill rigs continuing Total cash costs ($/oz)6 711 693 702 to turn. The project is 100% owned by Barrick and will 6 benefit from the infrastructure within Nevada Gold Mines All-in sustaining costs ($/oz) 944 946 945 Unaudited Nevada synergies delivered…

Integration of Nevada operations unlocks synergies as targeted

FCF by Category13 NPV 5% by Category13 Carlin… Nevada, USA Year on year comparison shows 16% increase in Carlin14 (61.5%) Q4 2019 Q3 2019 2019 2018 Barrick’s attributable production primarily due to the combination of the Carlin and Goldstrike operations Total tonnes mined (000) 13,639 11,584 49,343 59,605 Average grade processed Production in Q4 2019 is overall in line with the prior 3.65 3.33 3.80 4.32 quarter as higher autoclave production was offset by (g/t) lower production from the roasters and oxide mill Ore tonnes processed (000) 3,156 3,188 10,467 8,075 Strong autoclave performance was driven by higher Recovery rate (%) 75% 76% 75% 74% throughput from blending Carlin stockpiles from Gold produced (oz 000) 276 278 968 835 Pete open pit – a synergy unlocked by the creation Gold sold (oz 000) 275 272 967 842 of Nevada Gold Mines Income ($ millions) 133 121 370 166 Total cash costs per ounce6 and AISC6 down quarter on quarter mainly due to an increased proportion of higher- EBITDA ($ millions)10 191 183 609 428 Capital expenditures ($ grade underground production in the feed mix 51 56 211 186 millions)12 Exploration synergies Minesite sustaining12 51 56 211 186 Carlin Trend will become the most active exploration Cost of sales ($/oz)5 975 1,007 1,004 1,054 area in Barrick’s portfolio following our recent success in Total cash costs ($/oz)6 766 775 746 740 making high impact discoveries such as Fourmile All-in sustaining costs 965 1,014 984 983 Near-mine extension potential at Rita K and Greater ($/oz)6 Leeville Unaudited

See the Technical Report on the Goldstrike mine, dated March 22, 2019, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 22, 2019 Carlin…increased reserve grade & resource additionsii Leeville A A’ B B’ A

B B’ Carlin Complex (100%) P&P15: 21.47Moz @ 3.32g/t M&I15: 30.74Moz @ 2.68g/t Inferred15: 2.10Moz @ 2.47g/t A’ At 100%, reserves decreased by ~200koz but grade increased from 2.39g/t to 3.32g/t, net of depletion Gold Quarry OP: -0.52Moz revisions from updated design and geotechnical study Carlin UG: +1.19Moz additionsi from drilling at Leeville (Four Corners, Turf) Goldstrike UG: +1.52Moz additionsi from cut-off grade, mine design (Rodeo, N Post) M&I Resources increased by 1.81Moz on a 100% basis iAdditions before depletion, revisions and metal price adjustments iiSee Appendix A for additional details including assay results for the significant intercepts Cortez… Nevada, USA

Production was 6% higher compared to the prior Cortez16 (61.5%) Q4 2019 Q3 2019 2019 2018 quarter, primarily due to increased underground ore Total tonnes mined (000) 23,422 23,357 105,949 121,929 mined and processed at the Carlin Roasters Average grade processed (g/t) 1.29 1.54 1.60 2.67 As balance of production shifts towards underground, site management focused on efficiency and Ore tonnes processed (000) 4,259 2,837 17,583 17,001 availability initiatives to boost productivity including Recovery rate (%) 75% 84% 86% 87% improvements on the design and planning of stopes Gold produced (oz 000) 133 126 801 1,265 Routing of Cortez underground ore to Mill 6 at Carlin was one of the synergies unlocked by the creation of Gold sold (oz 000) 132 126 798 1,255 Nevada Gold Mines Income ($ millions) 69 77 459 726 Year on year production down as a result of the EBITDA ($ millions)10 105 109 656 1,112 reduction in Barrick’s attributable share to 61.5% Capital expenditures ($ 43 53 255 340 following the JV millions)12 As expected, costs were impacted by lower-grade Minesite sustaining12 40 22 90 65 ore from the now depleted CHOP Project12 3 31 165 275 Leach production from Crossroads continues to Cost of sales ($/oz)5 945 829 762 659 ramp-up, in-line with plan Total cash costs ($/oz)6 681 570 515 351 Deep South remains on track to contribute to 6 production in 2020 All-in sustaining costs ($/oz) 1,012 772 651 430 Unaudited

See the Technical Report on the Cortez Joint Venture Operations, dated March 22, 2019, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 22, 2019 Goldrush Complex… Updated resource model for Goldrush completed – to be used as

basis for final feasibility study N Goldrush now reported as part of Cortez underground resources with plan to be run under Cortez management once in production Attributable indicated resources at i Goldrush now stand at FM19-11DW1 FOURMILE (Discovery reported in Q3) 26.3Mt @ 7.8g/t for 6.6Moz Attributable inferred resources total 4.8Mt @ 7.6g/t for 1.2Moz Construction of twin exploration NGM declines progressed ahead of plan 500m Barrick achieving 1,296m total development - now 61% complete FM19-14Di 7.5m @ 9.2 g/t 2019 MII Resource 2018 MII Resource Updated mine and feed schedules 3.0m @ 47.8 g/t 3.7m @ 86.2 g/t 2018 P&P Reserve expected by Q3 2020 and final 4.5m @ 42.5 g/t Drill intercepts > 5 g/t Au feasibility study in Q1 2021 2.7m @ 180.3 g/t No Significant Intercept iSee Appendix B for additional details including assay results for the significant intercepts Fourmile…significant resource additions

A Looking NorthA’

2018 inferred resource A A’ 2019 inferred resource Exploration upside

Fourmile (100%) P&P: - M&I: - 100m Inf: 1.89Moz @ 10.86 g/t

A growing high-grade potentially multimillion-ounce discovery Inferred mineral resources increased to 5.41Mt @ 10.86g/t (1.89Moz) following additions from drilling Grade reduced year over year from 18.58g/t to 10.86g/t as resources are now reported within stope optimized shells Mineralization open along strike to the North and at depth Turquoise Ridge… Nevada, USA Year on year increase in gold production at lower Turquoise Ridge17 Q4 2019 Q3 2019 2019 2018 AISC resulting from an increase in high-grade UG ore (61.5%) feed from the legacy Barrick Turquoise Ridge mine Ore tonnes processed (000) 934 950 2,201 604 Total cash costs per ounce6 for 2019 was 14% lower Average grade processed 4.28 3.78 5.62 14.79 than the prior year due to more high-grade (g/t) underground ore being processed and the elimination Recovery rate (%) 86% 89% 89% 93% of the Toll Milling Agreement as a result of the formation of Nevada Gold Mines Gold produced (oz 000) 111 82 335 268 Gold production in Q4 2019 was 35% higher than the Gold sold (oz 000) 99 96 356 262 prior quarter, primarily due to increased autoclave Income ($ millions) 56 38 201 126 throughput in addition to the processing of higher- EBITDA ($ millions)10 90 81 293 154 grade ore Capital expenditures 24 26 85 62 ($ millions)12 Turquoise Ridge Third Shaft Minesite sustaining12 18 18 50 20 Construction of the third shaft, with a hoisting capacity Project12 6 8 35 42 of 5,500tpd, continues to advance according to 5 schedule and within budget Cost of sales ($/oz) 971 1,077 846 783 6 Shaft sinking commenced in early November and the Total cash costs ($/oz) 625 622 585 678 shaft liner has advanced to a depth of 149m below All-in sustaining costs ($/oz)6 800 840 732 756 collar Unaudited See the Technical Report on the Turquoise Ridge mine, dated March 19, 2018, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 23, 2018 Turquoise Ridge…strong reserve additions

Turquoise Ridge (100%) P&P18: 13.43Moz @ 5.02 g/t M&I18: 17.91Moz @ 4.30 g/t Inf18: 1.79Moz @ 2.69 g/t

At 100%, 1.08Moz reserves increase with a slight grade decrease from 5.12 g/t to 5.02 g/t, net of depletion TR UG: additionsi of +1.65Moz from cut-off grade reduction TC OP: additionsi of +0.96Moz from Cut 40 M&I Resources increased by 0.86Moz on a 100% basis iAdditions before Depletion, Revisions and Metal Price adjustments Other Nevada Gold Mines…

Phoenix i Production in the fourth quarter of 2019 was 24% higher Phoenix (61.5%) Q4 2019 Q3 2019 compared to the prior quarter, primarily due to a more Gold produced (oz 000) 31 25 optimized ore blend leading to better mill recoveries Cost of sales ($/oz)5 2,025 2,186 AISC per ounce6 was $1,034, a decrease of 36% from the Total cash costs ($/oz)6 902 1,010 prior quarter, primarily driven by the increase in production and sales as well as higher copper by-product credits All-in sustaining costs ($/oz)6 1,034 1,622

Long Canyon Production in the fourth quarter of 2019 was 42% higher compared to the third quarter, primarily due to additional cells Long Canyon (61.5%)i Q4 2019 Q3 2019 placed under leach, leading to improved recoveries Gold produced (oz 000) 34 24 6 AISC per ounce was $657, a decrease of 8% from Q3 2019 5 driven by improved heap leach performance Cost of sales ($/oz) 1,026 1,170 6 Permitting for the open pit and underground expansions at Total cash costs ($/oz) 317 353 Long Canyon is underway, though currently only the open pit All-in sustaining costs ($/oz)6 657 714 is included in the life of mine plan

iThese sites were acquired as a result of the formation of Nevada Gold Mines on July 1, 2019 All figures presented in the tables above are on an unaudited basis Carlin Trend…fresh approach identifies enormous areas of potential

Mineralization open at numerous locations along the most significant ore controlling fault corridor in Nevada Unified databases and models identify numerous target areas and large areas of concealed favourable host rocks that remain undrilled Paucity of drilling below current mine development Follow-up targets prioritized; drilling commenced in January 2020

Long Section along Post-Gen Fault - 600 m thick and looking west

Battle Star Deep Star Deep Post North Post Rodeo Meikle

Au g/t 34 17 9 3 5 GEN-01703 1 2 24.7m @ 8.56g/t 3.4 2 DSU-00190 DPC-0241 U12-P05-16 GB-681CM U17-M05-02 0.5 9.0m @ 12.81g/t 30.5m @ 15.86g/t & 15m @ 7.14g/t 6.1m @ 23.17g/t 7.6m @ 7.82g/t Priority Drill Targets 0.3 26.5m @ 11.24g/t 1 km 4.6m @ 8.58g/t 9.2m @ 21.02g/t

See Appendix C for additional details including assay results for the significant intercepts Donlin Gold JV… USA

50:50 JV with Novagold One of the world’s largest undeveloped gold resources Focus in 2019: Updating geological model to improve confidence Updating resource model based on improved understanding Progressing permitting Focus in 2020: Drill program to validate resource model with potential to improve underlying economics Hemlo… Ontario, Canada 24 Potential to upgrade Hemlo to a Tier 2 asset Long Section Looking North Turnaround year in 2019 as operation modernized and refocused. Year on year: W E Grade improved by 32% Black Fly Production increased by 25% C-Zone Total cash costs6 and AISC6 decreased by 14% Moved to underground contract mining model and open-pit mining to cease in H2 2020 B-Zone Reserve M&I Resource Hemlo (100%) Q4 2019 Q3 2019 2019 2018 Inf Resource Exploration Upside Ore tonnes processed (000) 795 607 2,914 3,062 Average grade processed (g/t) 2.28 2.71 2.45 1.86 1 km Recovery rate (%) 94% 94% 94% 93% 2020 LOM and upside potential Gold produced (oz 000) 54 49 213 171 Drilling the down plunge extension of the C Zone ongoing Cost of sales ($/oz) 1,632 1,083 1,137 1,157 through the quarter and will continue into 2020 Total cash costs ($/oz)6 1,091 953 904 1,046 Exploration success and ongoing MRM evaluation of both All-in sustaining costs ($/oz)6 1,380 1,280 1,140 1,318 the C Zone and areas to the west of Hemlo represent key Unaudited initiatives to upgrade mine to Tier 224 status

See the Technical Report on the Hemlo Mine, Marathon, Ontario, Canada, dated April 25, 2017, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on April 25, 2017 Pueblo Viejo… Dominican Republic

A commendable production and cost performance Pueblo Viejo19 (60%) Q4 2019 Q3 2019 2019 2018 with a focus on efficiencies, contract reviews and cost control kept costs in line with plan Open pit tonnes mined (000) 5,729 5,817 24,732 24,063 Production was 29% higher than the prior quarter Average grade processed (g/t) 4.20 4.05 3.91 4.04 due mainly to higher throughput and better grade Ore tonnes processed (000) 1,464 1,182 5,164 5,008 control Recovery rate (%) 89% 90% 89% 89% Improved throughput followed optimization work Gold produced (oz 000) 179 139 590 581 resulting in record oxidized sulphur tonnes as well Gold sold (oz 000) 174 136 584 590 as the completion of scheduled maintenance that Income ($ millions) 125 104 402 342 occurred in Q3 2019 EBITDA ($ millions)10 159 133 522 457 6 Total cash costs per ounce for Q4 2019 was 16% Capital expenditures 14 16 64 87 lower than Q3 2019, benefiting from the stronger ($ millions)12 quarter on quarter performance in throughput as Minesite sustaining12 14 16 64 87 well as higher grade Cost of sales ($/oz)5 660 807 747 750 6 Similarly, all-in sustaining costs decreased by 18% Total cash costs ($/oz)6 422 504 471 465 from the third quarter All-in sustaining costs ($/oz)6 517 631 592 623 Unaudited

See the Technical Report on the Pueblo Viejo mine, Sanchez Ramirez Province, Dominican Republic, dated March 19, 2018, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 23, 2018 Pueblo Viejo JV upside…plant expansion to maintain production for the next 2 decades

Expansion study Studies remain supportive of a plant expansion that could significantly improve throughput allowing the mine to maintain average annual gold production of 800 000oz (100%) after 2022 Revised flowsheet adopts upgrade of existing autoclaves, dissipating extra heat from higher sulphide feed to pressure oxidation (POX) circuit – provides for lower capital and operating costs than envisaged in earlier estimates Concept study for management of additional tailings capacity to support the process plant expansion well advanced Environmental Impact Studies continue for plant expansion and additional tailings and waste rock management Expansion has potential to unlock a further 11Moz of reserves on a 100% basis

Production was 22% higher than the prior quarter, primarily due to higher ore grades and tonnages processed, partially offset by lower recoveries Veladero (50%) Q4 2019 Q3 2019 2019 2018 Average grade processed (g/t) 0.74 0.85 Accordingly, total cash costs per ounce6 decreased 0.88 0.79 by 8% quarter on quarter Ore tonnes processed (000) 3,880 3,463 13,587 13,547 2019 attributable production of 274koz gold beat the Gold produced (oz 000) 71 58 274 278 top-end of guidance of 250koz Gold sold (oz 000) 70 59 271 280 Reinvesting in Argentina Income ($ millions) 21 14 57 53 Capex increased from Q3 2019 mainly due to EBITDA ($ millions)10 50 39 172 174 construction activities for leach pad expansions. 12 Phase 6 is on schedule and on budget, and is expected Capital expenditures ($ millions) 28 19 106 143 to start contributing to production from 2020 to 2028 Minesite sustaining12 28 19 91 143 Cuatro Esquinas pushback to start in 2020, extending 12 mine life with further potential for resource growth Project 0 0 15 0 Projects Cost of sales ($/oz) 1,138 1,243 1,188 1,112 Total cash costs ($/oz)6 710 773 734 629 Power transmission project connecting grid power from Pascua to Veladero continues to advance. All-in sustaining costs ($/oz)6 1,142 1,142 1,105 1,154 Expected commissioning in H2 2020 should have a Unaudited positive impact on operating costs and help to reduce the mine’s carbon footprint

For additional detail regarding Veladero, see the Technical Report on the Veladero Mine, San Juan Province, Argentina, dated March 19, 2018, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on March 23, 2018 Veladero… Building a profitable future through geology, exploration and planning

Amarillos Camp Veladero upside Lama Process Penelope Departure from short term cash-flow planning Adds ore to plan previously modeled and defined Fabiana Improved geology (Phase 1) + drilling Veladero Constrained HG, provided targeting, and optimized pit Improved geology (Phase 2) + drilling + including Argenta inferred Coiron Extrapolates high-grade within geology, and considers optionality of inferred 2019 Drilling + Q4 2019 (Alteration + Block Model)

Veladero Sur Chile Redefined fault Argentina boundary, and estimated HG Large 3.5 x 2.5km alteration system delineated at the Coiron prospect, extension down-plunge located southwest of the open pits. Mapping and geophysics identified favorable characteristics suggesting a dominantly preserved hydrothermal system. Drill testing commenced in January 2020 El Indio Belt…prolific endowment and barely scratched surface Pascua Over 40 years of discovery and development; +50Moz Lama Veladero Orebodies exposed / partly exposed Cover rocks mask hidden potential Unlock potential through integrated data analyses, institutional orebody knowledge and application of new technologies

Chile Argentina

El Indio

Barrick Deposits Area of Interest (AOI) Drillholes Favorable Alteration Zones Alturas Cover Rocks Property Boundary LATAM…opportunities for growth 1 Dominican Republic Salta Province Pueblo Viejo 4 Veladero District 1 Stepping beyond the PV JV Consolidating new district 5 Targeting through improved Barrick Properties geological understanding Pueblo Viejo Amarillos Camp Lama Process Penelope 2 Lagunas Norte Fabiana Cretaceous Los Ranchos Belt 3 Veladero

Lagunas Norte Tumaruma District 2 More oxide and sulfide to come 3 New District Consolidated 4 Pascua Norte Abierto Lama Veladero Argenta Coiron 6 5 Alturas - Del Carmen La 6 Realising full potential Yanahuanca Arena Lagunas Norte Escarcha La Capilla Chibolita Rojo Grande La Antena Chile El Alto Exploration AOI Alturas Au Deposit size < 1 Moz La Bandera Au Deposit size Favorable 10 km < 1 Moz Resource Veladero alteration1-3 Mozzone 1-3 Moz 3-5 Moz Sur Oxide Target Pit 3-5 Moz 5-10 Moz Sulfide Target Antonio Brecha Argentina 5 km 5-10 Moz Barrick Property Barrick property de Chuco Sur >10 Moz >10 Moz Porgera… Papua New Guinea

Production in Q4 2019 was 9% higher than the Porgera (47.5%) Q4 2019 Q3 2019 2019 2018 prior quarter, primarily due to higher underground Total tonnes mined (000) 2,880 3,657 13,156 9,862 grade ore mined and processed Accordingly, total cash costs per ounce6 in Q4 Average grade processed (g/t) 3.94 3.33 3.44 3.46 Autoclave tonnes processed 2019 decreased by 13% (000) 705 705 2,640 2,138 More tax paid in 2019 than in previous 5 years Recovery rate (%) 92% 90% 91% 86% combined Gold produced (oz 000) 82 75 284 204 Gold sold (oz 000) 82 75 285 213 Special Mining Lease Extension – Income ($ millions) 44 35 113 56 The current Special Mining Lease expired on August 16, 2019 and the National Court EBITDA ($ millions)10 56 46 155 98 of Papua New Guinea confirmed that Capital expenditures ($ 12 11 14 45 62 Porgera can continue operations during millions) lease negotiations Minesite sustaining12 11 14 45 62 Porgera working constructively with the Cost of sales ($/oz) 909 1,024 994 996 PNG government to negotiate a 20-year Total cash costs ($/oz)6 757 868 838 796 extension All-in sustaining costs ($/oz)6 894 1,053 1,003 1,083 Unaudited Porgera…Wangima upside and testing commence

Geology and structural modelling Potential for significant open pit Porgera Major Lodes and underground life of mine upside Current Pit

Phased exploration program to Wangima target evaluate upside underway area Infrastructure, process and equipment upgrades under review

Current Pit Wangima target area Discrete individual zones reinterpreted as continuous site wide structural corridors highlighting significant potential along strike and NE of the current pit Structural corridors project to surface and align with OP mining and workings along the Peruk/Wangima ridge Prospective areas align with anomalous surface geochem, structural corridor interpretations and NE intrusive corridor (mag high) Loulo-Gounkoto… Mali Loulo-Gounkoto20,i (80%) Q4 2019 Q3 2019 2019 2018 2019 production of 572koz gold exceeded guidance of 520 to 570koz Total tonnes mined (000) 7,250 8,115 32,192 30,926 Production in Q4 2019 was 6% lower than the prior Average grade processed (g/t) 5.64 5.14 4.90 4.31 quarter mainly due to lower plant throughput due to a Ore tonnes processed (000) 886 1,013 3,945 4,123 girth gear failure, partially offset by higher feed grade Recovery rate (%) 89% 92% 92% 92% from both Yalea and the Gounkoto South Pit Gold produced (oz 000) 144 153 572 528 The girth gear was repaired in December 2019 Gold sold (oz 000) 144 155 575 534 Despite this, costs were controlled and total cash costs per ounce6 were in-line with the third quarter Income ($ millions) 65 64 190 Significant progress in settlement of tax related EBITDA ($ millions)10 123 125 426 Capital expenditures ($ issues paves the way for further investment in Mali 38 49 136 millions)12 Projects and Exploration Minesite sustaining12 37 49 133 Gounkoto UG feasibility update completed – on track Project12 1 0 3 to start development in Q4 2020 Cost of sales ($/oz)5 1,037 1,018 1,044 Solar power project on track to add 20MW to the Total cash costs ($/oz)6 631 630 634 complex’s grid, reduce operating costs and cut carbon All-in sustaining costs ($/oz)6 966 emissions by some 40,000 tonnes per year 917 886 Unaudited

See the Technical Report on the Loulo-Gounkoto Gold Mine Complex, Mali dated September 18, 2018 with an effective date of December 31, 2017, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on January 2, 2019 Yalea orebody…drilling extends high grade at depth

Transfer Zone 2019 Loulo-Gounkoto Total P&P Mineral Reserves grew by 343Koz net of depletion21 Step out drilling confirms extension of Yalea transfer zone system still open to the south and at depth system 320m south of the existing BM Gounkoto permit…Faraba complex shows potential for reserve addition

Faraba North (OP) Gounkoto DDB defined with complete (OP & UG) remodel update underway. DDB potentially mineralized – i Faraba West very poorly tested 6.10m @ 4.01g/t Expl. upside to north and south. 6.10m @ 3.83g/t 8.00m @ 4.41g/t 6.00m @ 3.82g/t Faraba Main (OP) Open to South. Updated structure Model update underway. Conceptual trace east of historic trenching pit data constrained – open to the north and south with model update

DB-1 Target Strong and continuous Major Domain Bounding structures control mineralization over 1km strike mineralisation along the trend (>81ppb). No historic drilling. Drill testing in Q1 2020 Potential Dip Domain Boundary identified transecting Faraba Complex – mineralized at

Badankoto Target New (DDB): Structure Faraba Tested with limited drilling Faraba North and modelled over 4km.

DB-2 Target N Numerous drill gaps and upside potential Strong and continuous 500m along the length of the structure mineralization over >0.5km (>25ppb). No historic drilling. Multiple drill test targets being developed for Drill testing in Q1 2020 Permit Boundary Q1 2020 drill testing

ISee Appendix D for additional details including assay results for the significant intercepts Kibali…another record year of production DRC

Gold production of 366koz in 2019 was well above Kibali22,i (45%) Q4 2019 Q3 2019 2019 2018 the top-end of guidance of 350koz, despite a Total tonnes mined (000) 3,077 14,790 winder failure in the second quarter 3,096 12,273 Total cash costs6 and AISC6 were in the lower half Average grade processed (g/t) 3.67 3.74 3.80 3.45 of our 2019 guidance ranges Ore tonnes processed (000) 839 852 3,381 3,698 Underground continues to perform strongly, with a Recovery rate (%) 88% 88% 89% 89% record amount of ore hoisted from the shaft in December (305kt) Gold produced (oz 000) 87 91 366 363 Projects and Exploration Gold sold (oz 000) 89 89 363 370 Successful completion of the Kalimva-Ikamva pre- Income ($ millions) 30 25 108 feasibility study balances the open-pit and EBITDA ($ millions)10 82 82 304 underground plan, enhances flexibility and extends 12 the mine life well beyond 10 years Capital expenditures ($ millions) 9 14 43 KCD was the centre of activities with further testing Minesite sustaining12 9 13 41 of the 12000 lode, a review of the 11000 lode for Project12 0 1 2 potential up and down-dip extensions as well as Cost of sales ($/oz)5 1,205 1,187 1,111 the start of a deep hole, testing the KCD down plunge extension Total cash costs ($/oz)6 608 554 568 Down-plunge extension drilling at Gorumbwa has All-in sustaining costs ($/oz)6 740 703 693 highlighted future underground potential Unaudited

See the Technical Report on the Kibali Gold Mine, Democratic Republic of the Congo dated September 18, 2018 with an effective date of December 31, 2017, and filed on SEDAR at www.sedar.com and EDGAR at www.sec.gov on January 2, 2019 Kibali 2019 reserve replacement with future resource growth opportunities… KCD Open Pit PB#3 & PB2 North 3000 Lode 2019 Proven reserve:1.6Mt @ 2.25g/t for 112koz Down plunge 2019 Probable reserve 3.2Mt @ 2.32g/t for 238koz Avg Drill Intersection: 10.62m @ 4.80g/t

9004 Lode Gap Avg drill intersection 9.66 @ 3.73g/t

2019 Kibali Total P&P Mineral Reserves 21 grew by 913koz net of depletion Haulage Level 5210 rL 3000 and 5000 lodes down plunge infill 5000 Lode drilling on track to extend the existing UG Down plunge Phase II 5000 Lode reserve base further in 2020 Avg Drill Intersection: Intercept: Entire system still open down plunge 11.87m @ 4.15g/t 16.8m @ 6.47g/t 2019 areas of Added Mineral Reserves21: KZ trend remains prospective for both 2019 KCD UG Proven Reserve: 13Mt @ 5.13g/t for 2.1Moz opencast and underground opportunities 2019 KCD UG Probable Reserve: 32Mt @ 4.76g/t for 4.9Moz

See Appendix E for additional details including assay results for the significant intercepts Tanzanian Twiga joint venture… takes partnership philosophy to a new level

Agreement reached between Barrick and the government of Tanzania to settle all disputes with previously held Acacia operation Agreement ratifying the creation of Twiga Minerals Corporation, the management company jointly owned by the government of Tanzania and Barrick overseeing the management of local operations Ownership of 84% by Barrick and 16% by the government, the deal provides for a 50/50 sharing in the economic benefits generated by the mining operations after the recoupment of capital investments Having taken ownership of the three mines, Barrick is engaging with local communities to restore the mines’ social license to operate and is cooperating with the authorities to address the environmental issues at North Mara Advanced integrated study to return Bulyanhulu to mining production by late 2020 Working on a local supplier strategy as well as a community development plan to create sustainable economic opportunities for the people around the mines Tanzanian nationals are being recruited and trained to replace expatriate employees North Mara…back in production Tanzania

Production increased significantly quarter on quarter given North Mara (100%)23 Q4 2019 Q3 2019 2019 2018 the increase in attributable production to 100% (from 63.9%) following our acquisition of Acacia Mining Plc as well as the Total tonnes mined (000) 3,529 1,780 10,388 10,821 resumption of normal operations following the lifting of the Average grade processed 4.78 5.58 4.50 3.96 TSF restrictions in September 2019 (g/t) Following Twiga agreement, production will be 84% Ore tonnes processed (000) 714 172 1,829 1,819 attributable to Barrick and 16% to the Tanzanian Government Recovery rate (%) 94% 94% 94% 93% Achievements and Path Forward Gold produced (oz 000) 103 29 251 215 Successful transition from contractor to owner-operator model Gold sold (oz 000) 103 36 247 212 on December 1, 2019 has already delivered cost savings Income ($ millions) 52 20 112 94 Main exploration and MRM focus during Q4 2019 was the EBITDA ($ millions)10 87 31 187 134 delivery of an updated geological model for Gokona underground. Takeaways from the new model will be applied to Capital expenditures ($ 12 16 9 42 52 exploration along the highly prospective +20 km long Gokona millions) mineralized trend Minesite sustaining12 15 8 36 47 Drilling program commenced to improve understanding of Project12 1 1 6 5 the orebody and to test the model Cost of sales ($/oz)5 1,021 907 953 795 Environmental management plan updated for the TSF Total cash costs ($/oz)6 675 603 646 603 All-in sustaining costs ($/oz)6 830 850 802 830 Unaudited North Mara…revised Gokona orebody model points to potential upside

100km of core relogged to deliver an updated Gokona geological model Shows mineralisation controlled by rheologic contrasts in broadly folded host stratigraphy Prospective stratigraphy ‘rolls’ over at ~600m depth. Previous drilling missed the target Significant upside in footwall of the deposit, where previous Lake Victoria Goldfields - Tanzania drilling is sub-parallel to the folded contacts Learnings from new model to be applied to both the Mineral Resource models and exploration in this highly prospective property Musoma Open Lake Victoria North Mara New Model (looking SW) Open Mwanza Geita (14Moz) Kabanga Gokona Ni 600vm Fault Bulyanhulu Major upside potential both Tulawaka

near surface, and below Shinyanga 600vm on numerous targets Open Buzwagi Bukoban Sediments Karagwe-Ankolean Granite 100km Open 500m Greenstone Bulyanhulu and Buzwagi… Tanzania

Bulyanhulu Currently processing only tailings from the TSF, with Bulyanhulu (100%)23 Q4 2019 Q3 2019 2019 2018 sufficient material remaining to keep the plant running while the restart of the mine is being planned Gold produced (oz 000) 9 6 27 26 5 An integrated study aimed at optimizing the complete Cost of sales ($/oz) 1,293 1,288 1,207 1,231 orebody and recapitalizing existing infrastructure should Total cash costs ($/oz)6 752 729 676 650 kick-start the resumption of mining operations later in 2020 All-in sustaining costs 909 769 773 754 On the exploration front, an updated interpretation ($/oz)6 confirmed the exceptional geologic continuity of this system, as well as a near-surface target that has potential to host plunging shoots of higher-grade mineralisation

Buzwagi Buzwagi (100%)23 Q4 2019 Q3 2019 2019 2018 Focus is on optimising throughput and managing grade Gold produced (oz 000) 28 18 83 93 from stockpile processing in order to maximize value Cost of sales ($/oz)5 1,235 1,292 1,240 939 from the operation in 2020 Total cash costs ($/oz)6 1,144 1,202 1.156 916 At this time, we expect that Buzwagi will enter care and All-in sustaining costs 1,169 1,220 1,178 947 maintenance in 2021 ($/oz)6

All figures presented in the tables above are on an unaudited basis Tongon…profitable operation in search of resource additions Côte d'Ivoire

Gold production in Q4 2019 was in line Tongon (89.7%) Q4 2019 Q3 2019 2019 2018 with the third quarter Total tonnes mined (000) 5,251 6,086 23,036 16,668 Following the completion of resource Average grade processed (g/t) 2.56 2.39 2.41 2.4 conversion drilling at Djinni, optimization Ore tonnes processed (000) 899 964 3,766 3,131 work on the updated model returned Recovery (%) 83% 84% 84% 84% positive results with the deposit Gold produced (oz 000) 61 62 245 206 potentially extending the Tongon life of Gold sold (oz 000) 59 66 245 205 mine by almost a year at the current Cost of sales ($/oz)5 1,476 1,396 1,469 production rate Total cash costs ($/oz)6 803 793 787 A feasibility study is planned at All-in sustaining costs ($/oz)6 867 869 844 Djinni in 2020 to bring the deposit Unaudited into the mining schedule Copper mines…. Lumwana, Zambia Lumwana (100%) Q4 2019 Q3 2019 2019 2018 Production of 238 mlb in 2019 was near the top-end of the guidance range of 210 to 240 mlb, while C1 cash costs7 of $1.79/lb were below guidance of Copper produced (lbs million) 63 65 238 224 $1.80/lb - $2.10/lb Cost of sales ($/lb)5 2.22 2.04 2.13 2.51 2019 was a successful turnaround year as fundamental improvements in 7 plant availability and mining efficiency reduced per tonne mining costs and C1 cash costs ($/lb) 2.10 1.83 1.79 2.08 cut-off grade. As a result, reserves increased significantly year-over-year All-in sustaining costs ($/lb)7 3.41 3.66 3.04 3.08 Major refurbishment at one of the third-party smelters that processes a portion of the mine’s concentrate was completed in January 2020 Jabal Sayid (50%) Q4 2019 Q3 2019 2019 2018

Jabal Sayid, Saudi Arabia (50%) Copper produced (lbs million) 18 15 66 55 Production of 66 mlb in 2019 exceeded the top-end of guidance of 60 mlb, 5 primarily due to an increase in mined tonnes after an improvement in Cost of sales ($/lb) 1.47 1.63 1.53 1.73 availability from new equipment as well as better grades C1 cash costs ($/lb)7 1.29 1.42 1.26 1.53 Concentrate filter expansion project to boost mill throughput by ~25% to 2.4 All-in sustaining costs ($/lb)7 1.78 1.65 1.51 1.92 Mtpa (100% basis) is on budget and on track (completion by H1 2020) Zaldívar, Chile (50%) Zaldívar (50%) Q4 2019 Q3 2019 2019 2018 In December 2019, the Chloride Leach Project was approved by Antofagasta Copper produced (lbs million) 32 104 and Barrick with an initial capital estimate of $189 million (100% basis) 36 128 Work will begin in early 2020 with 2022 expected to be the first full year of Cost of sales ($/lb)5 2.59 2.18 2.46 2.55 operation. Upon completion, the project is expected to increase copper C1 cash costs ($/lb)7 1.95 1.55 1.77 1.97 recoveries by approximately 10% and increase production at Zaldívar by All-in sustaining costs ($/lb)7 1.91 2.47 approximately 10-15kt per annum of copper at lower operating costs 2.56 2.15

All figures presented in the tables above are on an unaudited basis Delivering value and replacing the gold we mine with improved grade…

Global Attributable Contained Gold Reserves (Moz)21, 25 Million 80

6.0 5.9 4.5 70 13.4

40 71 30 62

0 2018 Barrick Total Acquisition/Disposal Depletion (as at Change Gains Change Losses 2019 Barrick Total P&P Mineral year end) P&P Mineral Reserves Reserves Delivering value and replacing the copper we’ve mined…

Global Attributable Contained Copper Reserves (Blb)21, 25 Billion 16

12 2,9 0,6 0,6 10

8 13,5 6 10,6 4

0 2018 Barrick Acquisition/Disposal Depletion (As of Year Change Gains Change Losses 2019 Attributable P&P Attributable P&P End) Mineral Reserve Mineral Reserves Barrick’s 5-year plan…supported by six Tier 14 mines and a portfolio of world class opportunities

Gold Production (Attributable), Koz Cost of Sales5, Total Cash Cost6 and Gold Capital Expendituresi (Attributable)11, $ million AISC6, $/oz 5,500 1,250 1,200 5,000 1,150 4,500 1,100 4,000 1,050 1,000 3,500 950 3,000 900 2,500 850 800 2,000 750 1,500 700 1,000 650 600 500

0 0 2020 2021 2022 2023 2024

Africa and Middle East LATAM and AP North America Cost of Sales AISC Total Cash Cost Total Capital

Refer to Appendix F for assumptions used in our five-year indicative outlook iGold capital expenditures includes project and sustaining capital expenditures across all gold operations but does not include capital expenditure related to the copper operations Copper summary… 5-year copper production forecast

Copper Production (Attributable), Mlbs Cost of Sales5, C1 Cash Cost7 and Copper Capital Expendituresi (Attributable)11, $ million AISC7, $/lb

550 3.0

500

450

400 2.5

350

300 2.0 250

200

150 1.5 100

0 0.0 2020 2021 2022 2023 2024

Jabal Sayid Zaldivar Lumwana Cost of Sales AISC C1 Cash Cost Total Capital

Refer to Appendix F for assumptions used in our five-year indicative outlook iCopper capital expenditures includes project and sustaining capital expenditures across Lumwana, Jabal Sayid and Zaldivar Building the world’s most valued gold company…

Indexed performance of gold against gold equities 200

+79% 180

160 +56%

140 +31%

120 Relative Price Share Relative

100

80 Sep-18 Dec-18 Mar-19 Jun-19 Sep-19 Dec-19 Gold US$ Spot Barrick GDX Index

Source: Bloomberg Financial Markets. Market data as of January 27, 2019. Indexed (base = 100) at September 21, 2018, one working day before the Barrick Randgold transaction was announced. Q4 2019 annexures… North America summary… 5-year gold production forecast

Gold Production (Attributable), Koz Cost of Sales5, Total Cash Cost6 and Gold Capital Expendituresi (Attributable)11, $ million AISC6, $/oz 3,000 1,250 1,200 1,150 2,500 1,100 1,050 2,000 1,000 950

1,500 900 850 800 1,000 750 700 500 650 600

0 0 2020 2021 2022 2023 2024

Hemlo Goldrush Other NGM Turquoise Ridge Cortez Carlin Cost of Sales AISC Total Cash Cost Total Capital

Refer to Appendix F for assumptions used in our five-year indicative outlook iGold capital expenditures includes project and sustaining capital expenditures across the North America region but does not include capital expenditure related to the copper operations LATAM and AsiaPac summary… 5-year gold production forecast

Gold Production (Attributable), Koz Cost of Sales5, Total Cash Cost6 and Gold Capital Expendituresi (Attributable)11, $ million AISC6, $/oz 2,500 1,250 1,200 1,150 2,000 1,100 1,050 1,000 1,500 950 900 850

1,000 800 750 700 650 500 600 550

0 0 2020 2021 2022 2023 2024

Porgera Veladero Pueblo Viejo Cost of Sales AISC Total Cash Cost Total Capital

Refer to Appendix F for assumptions used in our five-year indicative outlook iGold capital expenditures includes project and sustaining capital expenditures across the LATAM and Asia Pacific region but does not include capital expenditure related to Zaldivar Africa and Middle East summary… 5-year gold production forecast

Gold Production (Attributable), Koz Cost of Sales5, Total Cash Cost6 and Gold Capital Expendituresi (Attributable)11, $ million AISC6, $/oz 2 500 1,250 1,200 1,150 2 000 1,100 1,050 1,000 1 500 950 900 850 1 000 800 750 500 700 650 600 0 0 2020 2021 2022 2023 2024

Tongon Buzwagi Bulyanhulu North Mara Kibali Loulo-Gounkoto Cost of Sales AISC Total Cash Cost Total Capital

Refer to Appendix F for assumptions used in our five-year indicative outlook iGold capital expenditures includes project and sustaining capital expenditures across the Africa and Middle East region but does not include capital expenditure related to Lumwana or Jabal Sayid Endnotes

1. Loss time injury frequency rate (LTIFR) is a ratio calculated as follows: number of loss time injuries x 1,000,000 hours divided by the total number of hours worked.

2. Total reportable incident frequency rate (TRIFR) is a ratio calculated as follows: number of reportable injuries x 1,000,000 hours divided by the total number of hours worked. Reportable injuries include fatalities, lost time injuries, restricted duty injuries, and medically treated injuries.

3. “Adjusted net earnings” and “adjusted net earnings per share” are non-GAAP financial performance measures. Adjusted net earnings excludes the following from net earnings: certain impairment charges (reversals) related to intangibles, goodwill, property, plant and equipment, and investments; gains (losses) and other one-time costs relating to acquisitions or dispositions; foreign currency translation gains (losses); significant tax adjustments not related to current period earnings; unrealized gains (losses) on non-hedge derivative instruments; and the tax effect and noncontrolling interest of these items. The Company uses this measure internally to evaluate our underlying operating performance for the reporting periods presented and to assist with the planning and forecasting of future operating results. Barrick believes that adjusted net earnings is a useful measure of our performance because these adjusting items do not reflect the underlying operating performance of our core mining business and are not necessarily indicative of future operating results. Adjusted net earnings and adjusted net earnings per share are intended to provide additional information only and do not have any standardized meaning under IFRS and may not be comparable to similar measures of performance presented by other companies. They should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For further details on these non-GAAP measures, please refer to page 91-92 of the MD&A accompanying Barrick’s fourth quarter 2019 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

4. A Tier One Gold Asset is a mine with a stated life in excess of 10 years, 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.

5. Cost of sales applicable to gold per ounce is calculated using cost of sales applicable to gold on an attributable basis (removing the non-controlling interest of 40% Pueblo Viejo, 36.1% Tanzania until September 30, 2019 (notwithstanding the completion of the Acacia transaction on September 17, 2019, we consolidated our interest in Acacia and recorded a non-controlling interest of 36.1% in the income statement for the entirety of the third quarter of 2019 as a matter of convenience) and 40% South Arturo from cost of sales (63.1% of South Arturo from July 1, 2019 onwards as a result of its contribution to Nevada Gold Mines)), divided by attributable gold ounces. The non-controlling interest of 20% Loulo-Gounkoto and 10.3% of Tongon is also removed from cost of sales and our proportionate share of cost of sales attributable to equity method investments (Kibali and Morila) is included commencing January 1, 2019, the effective date of the Merger. Also removes the non-controlling interest of 38.5% Nevada Gold Mines from cost of sales from July 1, 2019 onwards. Cost of sales applicable to copper per pound is calculated using cost of sales applicable to copper including our proportionate share of cost of sales attributable to equity method investments (Zaldívar and Jabal Sayid), divided by consolidated copper pounds (including our proportionate share of copper pounds from our equity method investments).

6. “Total cash costs” per ounce and “All-in sustaining costs” per ounce are non-GAAP financial performance measures. “Total cash costs” per ounce starts with cost of sales applicable to gold production, but excludes the impact of depreciation, the non-controlling interest of cost of sales, and includes by-product credits. “All-in sustaining costs” per ounce begin with “Total cash costs” per ounce and add further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, sustaining leases, general & administrative costs, minesite exploration and evaluation costs, and reclamation cost accretion and amortization. Barrick believes that the use of “total cash costs” per ounce and “all-in sustaining costs” per ounce will assist investors, analysts and other stakeholders in understanding the costs associated with producing gold, understanding the economics of gold mining, assessing our operating performance and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall Company basis. “Total cash costs” per ounce and “All-in sustaining costs” per ounce are intended to provide additional information only and do not have any standardized meaning under IFRS. Although a standardized definition of all-in sustaining costs was published in 2013 by the World Gold Council (a market development organization for the gold industry comprised of and funded by 25 gold mining companies from around the world, including Barrick), it is not a regulatory organization, and other companies may calculate this measure differently. Starting from the first quarter of 2019, we have renamed "cash costs" to "total cash costs" when referring to our gold operations. The calculation of total cash costs is identical to our previous calculation of cash costs with only a change in the naming convention of this non-GAAP measure. These measures should not be considered in isolation or as a substitute for measures prepared in accordance with IFRS. For further details on these non-GAAP measures, please refer to pages 93-110 of the MD&A accompanying Barrick’s fourth quarter 2019 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. Endnotes

7. “C1 cash costs” per pound and “All-in sustaining costs” per pound are non-GAAP financial performance measures. “C1 cash costs” per pound is based on cost of sales but excludes the impact of depreciation and royalties and includes treatment and refinement charges. “All-in sustaining costs” per pound begins with “C1 cash costs” per pound and adds further costs which reflect the additional costs of operating a mine, primarily sustaining capital expenditures, general & administrative costs and royalties and production taxes. Barrick believes that the use of “C1 cash costs” per pound and “all-in sustaining costs” per pound will assist investors, analysts, and other stakeholders in understanding the costs associated with producing copper, understanding the economics of copper mining, assessing our operating performance, and also our ability to generate free cash flow from current operations and to generate free cash flow on an overall Company basis. “C1 cash costs” per pound and “All-in sustaining costs” per pound are intended to provide additional information only, do not have any standardized meaning under IFRS, and may not be comparable to similar measures of performance presented by other companies. These measures should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For further details on these non-GAAP measures, please refer to pages 93-110 of the MD&A accompanying Barrick’s fourth quarter 2019 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

8. Class 1 - High Significance is defined as an incident that causes significant negative impacts on human health or the environment or an incident that extends onto publicly accessible land and has the potential to cause significant adverse impact to surrounding communities, livestock or wildlife.

9. “Free cash flow” (FCF) is a non-GAAP financial performance measure which deducts capital expenditures from net cash provided by operating activities. Barrick believes this to be a useful indicator of our ability to operate without reliance on additional borrowing or usage of existing cash. Free cash flow is intended to provide additional information only and does not have any standardized meaning under IFRS and may not be comparable to similar measures of performance presented by other companies. Free cash flow should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. For further details on this non-GAAP measure, please refer to page 92 of the MD&A accompanying Barrick’s fourth quarter 2019 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

10. EBITDA is a non-GAAP financial measure, which excludes income tax expense; finance costs; finance income; depreciation; and income tax expense, finance costs, finance income and depreciation from equity investees. Management believes that EBITDA is a valuable indicator of our ability to generate liquidity by producing operating cash flow to fund working capital needs, service debt obligations, and fund capital expenditures. Management uses EBITDA for this purpose. EBITDA is also frequently used by investors and analysts for valuation purposes whereby EBITDA is multiplied by a factor or “EBITDA multiple” that is based on an observed or inferred relationship between EBITDA and market values to determine the approximate total enterprise value of a company. EBITDA should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS. Adjusted EBITDA removes the effect of impairment charges; acquisition/disposition gains/losses; foreign currency translation gains/losses; other expense adjustments; and unrealized gains on non-hedge derivative instruments. We believe these items provide a greater level of consistency with the adjusting items included in our Adjusted Net Earnings reconciliation, with the exception that these amounts are adjusted to remove any impact on finance costs/income, income tax expense and/or depreciation, including the impact incurred in our equity method accounted investments, as they do not affect EBITDA. We believe this additional information will assist analysts, investors and other stakeholders of Barrick in better understanding our ability to generate liquidity from operating cash flow, by excluding these amounts from the calculation as they are not indicative of the performance of our core mining business and not necessarily reflective of the underlying operating results for the periods presented. For further details on these non-GAAP measures, please refer to pages 111-112 of the MD&A accompanying Barrick’s fourth quarter 2019 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.

11. These amounts are presented on the same basis as our guidance and include our 60% share of Pueblo Viejo and South Arturo (36.9% of South Arturo from July 1, 2019 onwards as a result of its contribution to Nevada Gold Mines), our 63.9% share of Tanzania until September 30, 2019 (notwithstanding the completion of the Acacia transaction on September 17, 2019, we consolidated our interest in Acacia and recorded a non-controlling interest of 36.1% in the income statement for the entirety of the third quarter of 2019 as a matter of convenience) and our 50% share of Zaldívar and Jabal Sayid. Also includes our 80% share of Loulo-Gounkoto, 89.7% share of Tongon, 45% share of Kibali and 40% share of Morila commencing January 1, 2019, the effective date of the Merger. Starting July 1, 2019, it also includes our 61.5% share of Nevada Gold Mines.

12. Presented on a cash basis as a result of adopting IFRS 16 Leases starting in the first quarter of 2019. Capital expenditures for 2018 and 2017 are presented on an accrued basis. Please refer to page 81 of the MD&A accompanying Barrick’s fourth quarter 2019 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov for further details. Endnotes

13. Synergies (or NPV of synergies) as used in this presentation is a management estimate provided for illustrative purposes, and should not be considered a GAAP/IFRS financial measure. "Synergies" represent management’s combined estimate of pre-tax synergies, supply chain efficiencies and cost improvements, as a result of the proposed joint venture that have been monetized and projected over a twenty year period for purposes of the estimation. Synergies are measured as incremental free cash flow, a non-GAAP financial measure. Such estimates are necessarily imprecise and are based on numerous judgments and assumptions. Expected synergies is a “forward-looking statement” subject to risks, uncertainties and other factors which could cause actual synergies to differ from expected synergies.

14. On July 1, 2019, Barrick's Goldstrike operations and Newmont's Carlin operations were contributed to Nevada Gold Mines and are now collectively referred to as Carlin. As a result, the amounts presented represent Goldstrike on a 100% basis (including our 60% share of South Arturo) up until June 30, 2019, and the combined results of Carlin and Goldstrike (including our 60% share of South Arturo) on a 61.5% basis thereafter.

15. Carlin Complex on a 100% basis and resources are reported inclusive of reserves: Proven 93.69Mt @ 4.35 g/t for 13.10Moz, Probable 107.40Mt @ 2.42 g/t for 8.37Moz (Proven and Probable 201.08Mt @ 3.32 g/t for 21.47Moz), Measured 116.17Mt @ 4.26 g/t for 15.90Moz, Indicated 240.65Mt @ 1.92 g/t for 14.85Moz (Measured and Indicated 356.82Mt @ 2.68 g/t for 30.74Moz), Inferred 26.49Mt @ 2.47 g/t for 2.10Moz.

16. On July 1, 2019, Cortez was contributed to Nevada Gold Mines, a joint venture with Newmont. As a result, the amounts presented are on a 100% basis up until June 30, 2019, and on a 61.5% basis thereafter.

17. Prior to July 1, 2019, Barrick owned 75% of Turquoise Ridge with our joint venture partner, Newmont, owning the remaining 25%. Turquoise Ridge was proportionately consolidated on the basis that the joint venture partners that have joint control have rights to the assets and obligations for the liabilities relating to the arrangement. The figures presented in this table are based on our 75% interest in Turquoise Ridge until June 30, 2019. On July 1, 2019, Barrick's 75% interest in Turquoise Ridge and Newmont's 100% interest in Twin Creeks and 25% interest in Turquoise Ridge were contributed to Nevada Gold Mines. Starting July 1, 2019, the results represent our 61.5% share of Turquoise Ridge and Twin Creeks, now collectively referred to as Turquoise Ridge.

18. Turquoise Ridge (Turquoise Ridge and Twin Creeks) on a 100% basis and resources are reported inclusive of reserves: Proven 45.16Mt @ 5.38 g/t for 7.81Moz, Probable 38.08Mt @ 4.59 g/t for 5.62Moz (Proven and Probable 83.24Mt @ 5.02 g/t for 13.43Moz), Measured 61.13Mt @ 4.95 g/t for 9.73Moz, Indicated 68.46Mt @ 3.72 g/t for 8.18Moz (Measured and Indicated 129.59Mt @ 4.3 g/t for 17.91 g/t), Inferred 20.68Mt @ 2.69 g/t for 1.79Moz.

19. Pueblo Viejo is accounted for as a subsidiary with a 40% non-controlling interest. The results in the table and the discussion that follows are based on our 60% share only.

20. Barrick owns 80% of Société des Mines de Loulo SA and Société des Mines de Gounkoto with the Republic of Mali owning 20%. Loulo-Gounkoto is accounted for as a subsidiary with a 20% non-controlling interest on the basis that Barrick controls the asset. The results in the table and the discussion that follows are based on our 80% share inclusive of the impact of the purchase price allocation resulting from the Merger.

21. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2019, unless otherwise noted. Proven reserves of 280 million tonnes grading 2.42 g/t, representing 22 million ounces of gold; 420 million tonnes grading 0.4%, representing 3,700 million pounds of copper; and 150 million tonnes grading 4.31 g/t, representing 21 million ounces of silver. Probable reserves of 1,000 million tonnes grading 1.48 g/t, representing 49 million ounces of gold; 1,200 million tonnes grading 0.38%, representing 9,800 million pounds of copper; and 750 million tonnes grading 5.18 g/t, representing 120 million ounces of silver. Measured resources of 530 million tonnes grading 2.21 g/t, representing 37 million ounces of gold; 660 million tonnes grading 0.38%, representing 5,500 million pounds of copper; and 350 million tonnes grading 12.52 g/t, representing 140 million ounces of silver. Indicated resources of 2,800 million tonnes grading 1.43 g/t, representing 130 million ounces of gold; 2,400 million tonnes grading 0.38%, representing 21,000 million pounds of copper; and 2,000 million tonnes grading 13.44 g/t, representing 870 million ounces of silver. Inferred resources of 940 million tonnes grading 1.3 g/t, representing 39 million ounces of gold; 430 million tonnes grading 0.2%, representing 2,200 million pounds of copper; and 460 million tonnes grading 3.20 g/t, representing 47 million ounces of silver. Complete mineral reserve and resource data, including tonnes, grades, and ounces, as well as the assumptions on which the mineral reserves for Barrick are reported (on an attributable basis), are set out in Barrick’s Q4 2019 Report issued on February 12, 2020. Endnotes

22. Barrick owns 45% of Kibali Goldmines SA (Kibali) with the Democratic Republic of Congo ("DRC") and our joint venture partner, AngloGold Ashanti, owning 10% and 45%, respectively. Kibali is accounted for as an equity method investment on the basis that the joint venture partners that have joint control have rights to the net assets of the joint venture. The figures presented in this table and the discussion that follows are based on our 45% effective interest in Kibali inclusive of the impact of the purchase price allocation resulting from the Merger.

23. Formerly part of Acacia Mining plc. On September 17, 2019, Barrick acquired all of the shares of Acacia it did not own. The results are on a 63.9% basis from January 1 to September 30, 2019 and on an 100% basis from October 1, 2019 onwards. Notwithstanding the completion of the Acacia transaction on September 17, 2019, we consolidated our interest in Acacia and recorded a non-controlling interest of 36.1% in the income statement for the entirety of the third quarter of 2019 as a matter of convenience.

24. A Tier Two Gold Asset is a mine with a stated life in excess of 10 years, annual production of at least 250,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half of the industry cost curve.

25. Estimated in accordance with National Instrument 43-101 as required by Canadian securities regulatory authorities. Estimates are as of December 31, 2018, unless otherwise noted. Proven reserves of 344.6 million tonnes grading 2.15 g/t, representing 23.9 million ounces of gold and probable reserves of 0.9 billion tonnes grading 1.33 g/t, representing 38.4 million ounces of gold. 11 billion pounds of copper reserves were comprised of proven reserves of 285.6 million tonnes grading 0.43%, representing 2.7 billion pounds of copper and probable reserves of 940.0 million tonnes grading 0.38%, representing 7.9 billion pounds of copper. Complete 2018 mineral reserve and mineral resource data for all mines and projects referenced in this MD&A, including tonnes, grades, and ounces, can be found on pages 35-41 of Barrick’s Annual Information Form/Form 40-F for the year ended December 31, 2018 on file with Canadian provincial securities regulatory authorities and the U.S. Securities and Exchange Commission.

Technical Information The scientific and technical information contained in this presentation has been reviewed and approved by Steven Yopps, MMSA, Director - Metallurgy, North America; Chad Yuhasz, P.Geo, Mineral Resource Manager, Latin America and Australia Pacific; Simon Bottoms, CGeol, MGeol, FGS, MAusIMM, Mineral Resources Manager: Africa and Middle East; Rodney Quick, MSc, Pr. Sci.Nat, Mineral Resource Management and Evaluation Executive; John Steele, CIM, Metallurgy, Engineering and Capital Projects Executive; and Rob Krcmarov, FAusIMM, Executive Vice President, Exploration and Growth – each a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects. All mineral reserve and mineral resource estimates are estimated in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. Unless otherwise noted, such mineral reserve and mineral resource estimates are as of December 31, 2019. Appendix A – Carlin Complex Significant Intercepts Tablei

Drill Results from Q4 2019 i. All intercepts calculated using a 3 g/t Au cutoff and are uncapped; minimum intercept width is 0.8 m; internal dilution is less than 20% ii Core Drill Hole Azimuth Dip Interval (m) Width (m) Au (g/t) total width FCC-00129 222 -24 139.0 - 146.9 7.9 8.2 ii. True width of intercepts are uncertain at this stage

The drilling results for the Carlin Complex property contained in this FCC-00136 100.0 - 142.8 42.8 14.5 170 -40 presentation have been prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects. All drill hole assay FCC-00143 91 -51 69.5 - 73.8 4.3 7.2 information has been manually reviewed and approved by staff geologists and re-checked by the project manager. Sample preparation and 49.7 - 73.5 23.8 13.0 analyses are conducted by ALS Minerals. Procedures are employed to FCC-00161 ensure security of samples during their delivery from the drill rig to the 101 -87 laboratory. The quality assurance procedures, data verification and assay 77.7 - 82.3 4.6 6.8 protocols used in connection with drilling and sampling on the Fourmile property conform to industry accepted quality control methods. Appendix B – Fourmile Significant Intercepts Tablei Drill Results from Q4 2019 Core Drill Holeii Azimuth Dip Interval (m) Width (m)iii Au (g/t) 1100.3 - 1103.3 3 6.2 i. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8 m; internal 1148.0 - 1155.5 7.5 9.2 dilution is less than 20% total width 1169.3 - 1162.8 1.5 9.3 ii. Fourmile drill hole nomenclature: FM (Fourmile) followed 1234.7 - 1236.2 1.5 7.5 by the year (19 for 2019) or GRC (Gold Rush Core) with no designation of the year 1239.3 - 1242.3 3 47.8 iii. True width of intercepts are uncertain at this stage 1259.1 - 1260.6 1.5 7.0 iv. Partial results reported in Q2 2019 FM19-14D 233 -73 1301.8 - 1303.3 1.5 20.2 The drilling results for the Fourmile property contained in this 1309.4 - 1310.9 1.5 16.3 presentation have been prepared in accordance with National 1333.8 - 1337.5 3.7 86.2 Instrument 43-101 – Standards of Disclosure for Mineral 1343.5 - 1345.2 1.7 29.6 Projects. All drill hole assay information has been manually reviewed and approved by staff geologists and re-checked by 1356.6 - 1361.2 4.6 42.5 the project manager. Sample preparation and analyses are 1372.8 - 1375.5 2.7 180.3 conducted by ALS Minerals, an independent laboratory. 717.8 - 719.2 1.4 5.2 Industry accepted best practices for preparation and fire FM19-26Div 65 -75 assaying procedures are utilized to determine gold content. 774.8 - 776.3 1.5 18.5 Procedures are employed to ensure security of samples during 870.2 - 871.7 1.5 10.4 their delivery from the drill rig to the laboratory. The quality assurance procedures, data verification and assay protocols 883 - 895.5 12.5 31.2 FM19-40D used in connection with drilling and sampling on the Fourmile 173 -84 904.4 - 926 21.6 24.9 property conform to industry accepted quality control methods. 835.2 - 854.7 19.5 17.9 863.5 - 872.0 8.5 10.4 889.7 - 891.5 1.8 6.5 FM19-61D 251 -86 892.9 - 894.0 1.1 10.8 898.9 - 901.9 3.0 6.5

Appendix C – Carlin Trend Significant Intercepts Tablei

Historic Drill Resultsii i. All intercepts calculated using a 5 g/t Au cutoff and are uncapped; minimum intercept width is 0.8 m; internal Core Drill Hole Azimuth Dip Interval (m) Width (m)iii Au (g/t) dilution is less than 20% total width 160.9-165.5 4.6 7.48 ii. All intercepts are from legacy drilling, completed prior to 168.5-179.2 10.7 10.57 2019 199.0-200.5 1.5 6.91 iii. True width of intercepts are uncertain at this stage, 212.8-217.5 4.7 10.82 229.5-231.0 1.5 6.42 geometry of orebody is unconstrained DPC-0241 072 -57 243.2-244.7 1.5 5.17 iv. Interval vs. width discrepancy is due to sub-meter no 273.7-276.8 3.1 8.75 recovery zone internal to intercept 334.7-365.2 30.5 15.86 v. Laboratory unknown 369.7-396.2 26.5 11.24 421.5-430.6 9.1 5.89 DSU-00190 105 -60 379.5-388.5 9.0 12.81 The drilling results for the Carlin Trend exploration area in this 271.6-274.1 2.5 8.46 presentation have been prepared in accordance with National 296.3-297.7 1.4 5.47 Instrument 43-101 – Standards of Disclosure for Mineral 105 -75 302.1-303.0 0.9 10.7 GEN-01703iv Projects. All drill hole assay information has been manually 307.3-308.8 1.5 5.28 316.2-320.8 4.0 11.08 reviewed and approved by staff geologists and re-checked by 326.8-352.5 24.7 8.56 the project manager. Sample preparation and analyses are 141.7-144.8 3.1 8.09 conducted by ALS Minerals or predecessor companies. 370.3-371.8 1.5 5.93 Procedures are employed to ensure security of samples during U12-P05-16 059 -30 376.4-391.7 15.3 7.14 their delivery from the drill rig to the laboratory. The quality 394.7-396.2 1.5 5.27 assurance procedures, data verification and assay protocols 397.8-400.8 3.0 6.15 608.1-614.2 6.1 23.17 used in connection with drilling and sampling on the Carlin 620.3-621.8 1.5 17.29 Trend conform to industry accepted quality control methods. 661.4-662.9 1.5 7.19 GB-681CMv 0 -90 725.4-730.0 4.6 8.58 736.1-739.2 3.1 6.73 740.7-742.2 1.5 5.99 763.5-765.0 1.5 10.79 7.6-9.1 1.5 5.08 U17-M05-02 075 -45 13.7-21.3 7.6 7.82 193.6-202.7 9.1 21.02 Appendix D – Faraba West Significant Intercept Tablei

Historic Drill Results i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum Width intercept width is 2m; internal dilution is equal to or less than 2m total width. Lode Drill Holeii Azimuth Dip Interval (m) Au (g/t) (m)iii ii. Faraba West drill hole nomenclature: prospect initial FA/FW (Faraba West), DB (Domain Boundary), followed by type of drilling RC (Reverse Circulation) and DH Faraba West DBDH003 268 -70 130 - 133.6 3.60 1.40 (Diamond Drilling) Faraba West FADH016 270 -50 84 - 96.65 12.65 1.54 iii. True widths uncertain at this stage Faraba West FADH016 270 -50 135.55 - 139.4 3.85 4.22 Faraba West FWDH001 246 -50 7 - 13.1 6.10 4.01 The drilling results for the Gounkoto property contained in this presentation have been Faraba West FWDH001 246 -50 23.5 - 25.5 2.00 1.37 prepared in accordance with National Instrument 43-101 –Standards of Disclosure for Faraba West FWDH001 246 -50 63 - 65.2 2.20 2.52 Mineral Projects. All drill hole assay information has been manually reviewed and Faraba West FWDH002 86 -67 74.45 - 77 2.55 1.38 approved by staff geologists and re-checked by the project manager. Sample preparation and analyses are conducted by SGS, an independent laboratory. Industry Faraba West FWDH002 86 -67 174 - 178.8 4.80 2.26 accepted best practices for preparation and fire assaying procedures are utilized to Faraba West FWDH002 86 -67 181.8 - 187.9 6.10 3.83 determine gold content. Procedures are employed to ensure security of samples during Faraba West FARC037 270 -50 88 - 90 2.00 3.57 their delivery from the drill rig to the laboratory. The quality assurance procedures, data Faraba West FARC638 251 -50 66 - 75 9.00 0.80 verification and assay protocols used in connection with drilling and sampling on the Faraba West FARC638 251 -50 96 - 100 4.00 0.78 Gounkoto property conform to industry accepted quality control methods. Faraba West FARC638 251 -50 106 - 111 5.00 1.60 Faraba West FARC640 245 -51 0 - 4 4.00 0.67 Faraba West FARC640 245 -51 11 - 19 8.00 4.41 Faraba West FARC640 245 -51 25 - 28 3.00 0.98 Faraba West FARC640 245 -51 32 - 34 2.00 0.59 Faraba West FARC640 245 -51 43 - 46 3.00 0.77 Faraba West FARC640 245 -51 53 - 61 8.00 0.99 Faraba West FARC640 245 -51 88 - 94 6.00 3.82 Faraba West FARC640 245 -51 98 - 125 27.00 2.27 Faraba West FARC641 270 -50 34 - 39 5.00 0.96 Appendix E – Kibali Significant Interceptsi

Drill Results from Q2 & Q4 2019 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum intercept ii iii width is 2 m; internal dilution is equal to or less than 25% total width. Lode Drill Hole Azimuth Dip Interval (m) Width (m) Au (g/t) ii. Kibali drill hole nomenclature: prospect initial (OR=Oere, KCD=Karagba-Chauffeur-Durba) 3000 lode KCDU2645 320 15 139.1-146.4 7.3 2.4 followed by the type of drilling (RC=Reverse Circulation, DD=Diamond,GC=Grade control) with no designation of the year. KCDU= KCD Underground. 3000 lode KCDU2645 320 15 16-24 8 2.6 iii. True width of intercepts are uncertain at this stage. 3000 lode KCDU2645 320 15 178-185 7 5.3 iv. Weighted average is calculated by fence using significant intercepts, over the strike length. 3000 lode KCDU2645 320 15 65-72 7 3.95 3000 lode KCDU2646 320 20 153-160 7 3.62 The drilling results for the Kibali property contained in this presentation have been prepared in 3000 lode KCDU2646 320 20 77-81 4 3.2 accordance with National Instrument 43-101 –Standards of Disclosure for Mineral Projects. All drill hole assay information has been manually reviewed and approved by staff geologists and re- 3000 lode KCDU2646 320 20 98.4-118 19.6 4.6 checked by the project manager. Sample preparation and analyses are conducted by SGS, an 3000 lode KCDU2705 318 -2 306.5-321.8 15.3 6.5 independent laboratory. Procedures are employed to ensure security of samples during their 3000 lode KCDU2404 321 29 146.3-161 14.7 2.43 delivery from the drill rig to the laboratory. The quality assurance procedures, data verification 3000 lode KCDU2405 321 17 177-179 2 4.99 and assay protocols used in connection with drilling and sampling on the Kibali property conform to industry accepted quality control methods. 3000 lode KCDU2405 321 17 285.17-287.92 2.75 5.54 3000 lode KCDU2460 304 12 231-258.8 27.8 7.28 3000 lode KCDU2461 304 20 197-207 10 2.92 3000 lode KCDU2461 304 20 218-226 8 3.33 3000 lode KCDU2461 304 20 236.9-242.77 5.87 5.87 3000 lode KCDU2462 304 31 184.6-202 17.4 3.58 3000 lode KCDU2462 304 31 216.6-220 3.4 2.8 3000 lode KCDU2462 304 31 267-286 19 2.76 3000 lode KCDU2462 304 31 303-311 8 7.4 3000 lode KCDU2463 304 40 228-234 6 2.94 3000 lode KCDU2543 304 5 269-283.31 14.31 3.47 3000 lode KCDU2560 325 14 201-208 7 4.7 3000 lode KCDU2560 325 14 226-231.7 5.7 5.81 Appendix E – Kibali Significant Interceptsi

Drill Results from Q2 & Q4 2019 i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum Width intercept width is 2 m; internal dilution is equal to or less than 25% total width. Lode Drill Holeii Azimuth Dip Interval (m) Au (g/t) (m)iii ii. Kibali drill hole nomenclature: prospect initial (OR=Oere, KCD=Karagba-Chauffeur- 3000 lode KCDU2559 315 27 262-276 14 1.84 Durba) followed by the type of drilling (RC=Reverse Circulation, DD=Diamond,GC=Grade control) with no designation of the year. KCDU= KCD 3000 lode KCDU2559 315 27 335-340 5 3.03 Underground. 3000 lode KCDU2561 315 11 235-246 11 4.69 iii. True width of intercepts are uncertain at this stage. 3000 lode KCDU2561 315 11 254-266 12 4.34 iv. Weighted average is calculated by fence using significant intercepts, over the strike 3000 lode KCDU2561 315 11 275-281 6 11.72 length. 3000 lode KCDU2607 316 2 295-308 13 6.95 The drilling results for the Kibali property contained in this presentation have been 3000 lode KCDU2621 315 -6 335-345.9 10.9 10.7 prepared in accordance with National Instrument 43-101 –Standards of Disclosure for 3000 lode KCDU2629 319 5 133-141.5 8.5 3 Mineral Projects. All drill hole assay information has been manually reviewed and 3000 lode KCDU2629 319 5 167.45-171.5 4.05 4.4 approved by staff geologists and re-checked by the project manager. Sample preparation 3000 lode KCDU2629 319 5 181.28-235 53.72 5.8 and analyses are conducted by SGS, an independent laboratory. Procedures are employed to ensure security of samples during their delivery from the drill rig to the 3000 lode KCDU2629 319 5 65-76 11 3.4 laboratory. The quality assurance procedures, data verification and assay protocols used 3000 lode KCDU2629 319 5 93.33-98 4.67 10.6 in connection with drilling and sampling on the Kibali property conform to industry 3000 lode KCDU2635 318 19 316-322 6 3.06 accepted quality control methods. Appendix E – Kibali Significant Interceptsi

Drill Results from Q2 & Q4 2019 ii Width i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum Lode Drill Hole Azimuth Dip Interval (m) iii Au (g/t) (m) intercept width is 2 m; internal dilution is equal to or less than 25% total width. 5000 lode phase II KCDU0842 353 -8 353-361 7.52 3.87 ii. Kibali drill hole nomenclature: prospect initial (OR=Oere, KCD=Karagba-Chauffeur- 5000 lode phase II KCDU1311A 353 0 324-345 21.1 4.18 Durba) followed by the type of drilling (RC=Reverse Circulation, 5000 lode phase II KCDU2190 344 -1 150 - 152 2 4.16 DD=Diamond,GC=Grade control) with no designation of the year. KCDU= KCD Underground. 5000 lode phase II KCDU2190 344 -1 244 - 246 2 5.66 iii. True width of intercepts are uncertain at this stage. 5000 lode phase II KCDU2190 344 -1 255.29 - 256.48 1.19 5.14 iv. Weighted average is calculated by fence using significant intercepts, over the strike 5000 lode phase II KCDU2190 344 -1 309.1 - 313.2 4.1 5.42 length. 5000 lode phase II KCDU2191 344 12 226 - 232 6 4.58 5000 lode phase II KCDU2191 344 12 250.44 - 259.5 9.06 2.49 The drilling results for the Kibali property contained in this presentation have been 5000 lode phase II KCDU2191 344 12 270.4 - 281.35 10.95 5.78 prepared in accordance with National Instrument 43-101 –Standards of Disclosure for Mineral Projects. All drill hole assay information has been manually reviewed and 5000 lode phase II KCDU2192 344 24 238 - 260.6 22.6 4.77 approved by staff geologists and re-checked by the project manager. Sample preparation 5000 lode phase II KCDU2181 269 -88 283 - 287 4 2.98 and analyses are conducted by SGS, an independent laboratory. Procedures are 5000 lode phase II KCDU2181 269 -88 292 - 311 19 2.02 employed to ensure security of samples during their delivery from the drill rig to the 5000 lode phase II KCDU2182 321 -58 247.5 - 253.5 6 1.41 laboratory. The quality assurance procedures, data verification and assay protocols used 5000 lode phase II KCDU2259 314 -79 233.42 - 243.6 10.18 1.53 in connection with drilling and sampling on the Kibali property conform to industry 5000 lode phase II KCDU2259 314 -79 247 - 256.5 9.5 4.53 accepted quality control methods. 5000 lode phase II KCDU2278 154 -67 167.22 - 170.7 3.48 4.66 5000 lode phase II KCDU2278 154 -67 176.3 - 187.77 11.47 1.54 5000 lode phase II KCDU2278 154 -67 217.5 - 226.5 9 2.99 5000 lode phase II KCDU0630 324 -83 105-114 9.5 4.1 5000 lode phase II KCDU0630 324 -83 140-150 10.6 3.56 5000 lode phase II KCDU0630 324 -83 159-167 7.6 3.65 5000 lode phase II KCDU0630 324 -83 329-333 4.4 4.81 5000 lode phase II KCDU0632 309 -82 153-161 7.8 2.49 5000 lode phase II KCDU0632 309 -82 99-103 3.7 4.77 5000 lode down plunge DDD602 167 -74 668-684.8 16.8 6.47 Appendix E – Kibali Significant Interceptsi

Drill Results from Q2 & Q4 2019 Width i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum Lode Drill Holeii Azimuth Dip Interval (m) Au (g/t) (m)iii intercept width is 2 m; internal dilution is equal to or less than 25% total width. 9004 lode KCDU0812 324 -83 106-110 4 5.08 ii. Kibali drill hole nomenclature: prospect initial (OR=Oere, KCD=Karagba-Chauffeur- 9004 lode KCDU0839 323 -75 263-270 7 2.84 Durba) followed by the type of drilling (RC=Reverse Circulation, DD=Diamond,GC=Grade control) with no designation of the year. KCDU= KCD 9004 lode KCDU0839 323 -75 285-308 22.7 8.08 Underground. 9004 lode KCDU0877 333 -72 145-158 12.9 3.24 iii. True width of intercepts are uncertain at this stage. 9004 lode KCDU0877 333 -72 211-221 10.5 4.3 iv. Weighted average is calculated by fence using significant intercepts, over the strike 9004 lode KCDU0912 319 -79 244-257 13.8 7.24 length. 9004 lode KCDU1089 293 -84 164-172 8 3.22 9004 lode KCDU1089 293 -84 195-202 7 1.7 The drilling results for the Kibali property contained in this presentation have been prepared in accordance with National Instrument 43-101 –Standards of Disclosure for 9004 lode KCDU1146 316 -62 16-23 7 20.8 Mineral Projects. All drill hole assay information has been manually reviewed and 9004 lode KCDU1146 316 -62 257-262 4.9 3.7 approved by staff geologists and re-checked by the project manager. Sample preparation 9004 lode KCDU1146 316 -62 324-329 5 2.4 and analyses are conducted by SGS, an independent laboratory. Procedures are 9004 lode KCDU1410 131 -84 172-187 14.6 2.49 employed to ensure security of samples during their delivery from the drill rig to the laboratory. The quality assurance procedures, data verification and assay protocols used 9004 lode KCDU2000 52 -86 163-168 5.2 3.57 in connection with drilling and sampling on the Kibali property conform to industry 9004 lode KCDU2000 52 -86 191-209 18.3 3.51 accepted quality control methods. 9004 lode KCDU2016 319 -76 178-184 5.5 3.06 9004 lode KCDU2016 319 -76 191-204 13.3 3.57 9004 lode KCDU2018 328 -76 149-161 11.8 5.96 9004 lode KCDU2060 317 -71 242-246 3.5 1.48 9004 lode KCDU2061 327 -79 267-276 9.2 3.06 9004 lode KCDU2062 318 -77 216-228 11.5 1.19 9004 lode KCDU2063 324 -76 229-236 6.5 3.86 9004 lode KCDU2088 319 -68 227-254 27.2 2.52 9004 lode KCDU2088 319 -68 259-264 5.5 1.45 9004 lode KCDU2099 323 -72 275-288 13 4.67 Appendix E – Kibali Significant Interceptsi

Drill Results from Q2 & Q4 2019 Width Lode Drill Holeii Azimuth Dip Interval (m) Au (g/t) i. All intercepts calculated using a 0.5 g/t Au cutoff and are uncapped; minimum (m)iii intercept width is 2 m; internal dilution is equal to or less than 25% total width. 9004 lode KCDU2099 323 -72 301-305 4.1 2.48 ii. Kibali drill hole nomenclature: prospect initial (OR=Oere, KCD=Karagba-Chauffeur- 9004 lode KCDU2132 315 -72 1-7 6 1.38 Durba) followed by the type of drilling (RC=Reverse Circulation, DD=Diamond,GC=Grade control) with no designation of the year. KCDU= KCD 9004 lode KCDU2132 315 -72 250-263 12.7 7.28 Underground. 9004 lode KCDU2132 315 -72 282-299 16.9 4.8 iii. True width of intercepts are uncertain at this stage. 9004 lode KCDU2141 319 -78 286-290 4 4.91 iv. Weighted average is calculated by fence using significant intercepts, over the strike 9004 lode KCDU2141 319 -78 305-311 6 2.02 length. 9004 lode KCDU2142 324 -76 198-202 4.4 2.12 9004 lode KCDU2142 324 -76 256-262 6.1 2.36 The drilling results for the Kibali property contained in this presentation have been prepared in accordance with National Instrument 43-101 –Standards of Disclosure for 9004 lode KCDU2142 324 -76 268-286 18 3.91 Mineral Projects. All drill hole assay information has been manually reviewed and 9004 lode KCDU2142 324 -76 292-295 3.2 14.56 approved by staff geologists and re-checked by the project manager. Sample preparation 9004 lode KCDU2148 325 -70 173-182 9 3.18 and analyses are conducted by SGS, an independent laboratory. Procedures are 9004 lode KCDU2148 325 -70 212-217 5 2.93 employed to ensure security of samples during their delivery from the drill rig to the 9004 lode KCDU2149 321 -70 131-139 8 6.73 laboratory. The quality assurance procedures, data verification and assay protocols used in connection with drilling and sampling on the Kibali property conform to industry 9004 lode KCDU2149 321 -70 171-197 26.3 1.63 accepted quality control methods. 9004 lode KCDU2149 321 -70 206-217 11 2.44 9004 lode KCDU2150 323 -65 107-111 4 2.51 9004 lode KCDU2181 269 -88 283-287 4 2.98 9004 lode KCDU2181 269 -88 292-311 19 2.02 9004 lode KCDU2182 321 -58 248-254 6 1.41 9004 lode KCDU2259 314 -79 233-244 10.2 1.53 9004 lode KCDU2259 314 -79 247-257 9.5 4.53 9004 lode KCDU2278 154 -67 167-171 3.5 4.66 9004 lode KCDU2278 154 -67 176-188 11.5 1.54 9004 lode KCDU2278 154 -67 218-227 9 2.99 Appendix F – Five Year Outlook

Key assumptions 2020 2021 +

Gold Price ($/oz) 1,350 1,200 Copper Price (US$/lb) 2.75 2.75 Oil Price (WTI) ($/barrel) 65 65 AUD Exchange Rate (AUD:USD) 0.70 0.75 ARS Exchange Rate (USD:ARS) 65.00 75.00 CAD Exchange Rate (USD:CAD) 1.30 1.30 CLP Exchange Rate (USD:CLP) 725 680 EUR Exchange Rate (EUR:USD) 1.20 1.20

This five-year indicative outlook is based on our current operating asset portfolio, sustaining projects in progress and exploration/mineral resource management initiatives in execution. Additional asset optimization, further exploration growth, new project initiatives and divestitures are not included. For the group gold and copper segments, and where applicable for a specific region, this indicative outlook is subject to change and assumes the following: The inclusion of synergies identified for Nevada Gold Mines; Production from Cortez Deep South by 2020, in-line with guidance; Production ramping-up from the third shaft at Turquoise Ridge by 2022, in-line with guidance; Production from Goldrush commencing in 2021, in-line with guidance; Production from the proposed Pueblo Viejo plant expansion and tailings project by 2023, in-line with guidance. Our assumptions are subject to change following the combined feasibility study for the plant expansion and tailings project; An 84% ownership interest in North Mara, Bulyanhulu and Buzwagi. At this time, we assume that Buzwagi will enter care and maintenance in 2021; A restart of mining operations at Bulyanhulu by the end of 2020; Tongon will enter care and maintenance during the 2022 year; A sale of stockpiled concentrate related to the Tanzania assets and Lumwana by the end of 2020; Production from the Zaldivar CuproChlor® Chloride Leach Project by 2022. Antofagasta is the operator of Zaldivar. This indicative outlook excludes: Production from Fourmile; Production from assets currently in care and maintenance including Pierina, Lagunas Norte, Morila and Golden Sunlight; Production from long-term greenfield optionality from Donlin, Pascua Lama, Norte Abierto or Alturas