Sustainability Briefing for Investors | 1

Corporate Water Management Strategy

John McCartneyVice President, Water Management Barrick Gold Corporation

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Barrick Gold Corporation at a Glance

Barrick Nevada Pueblo Viejo Lagunas Norte Veladero

Expecting 70%

of 2017 production

from core mines

▪ Focus on core mines in the Americas

▪ Lowest cost senior gold producer

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Water Management Team Vision

Water Management Strategy

Ensuring our projects, operations and closed mine sites have the right talent, plans, and resources in place to effectively manage water-related risks, both current and emerging

“Water stewardship” means working with our site Management teams to:

▪ Manage our risks and identify opportunities

▪ Create partnerships

▪ Be transparent about our successes and failures

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Our Approach to Water Management

AssessUnderstand our

environment

AssureSite-based water

stewardship

CollaborateBuilding water partnerships

Collaborate with internal and external stakeholders to accelerate innovation, create transparency and raise awareness of Barrick’s contribution to water stewardship

Assure the responsible management of water resources by developing standards, guidelines and scorecards and conducting audits and assurance reviews

Assess and characterize both current and emerging water-related risks in order to mitigate these risks and identify critical controls to be digitized

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Barrick’s 2016 Water Performance

78% of the water we use is recycled water

Water Recycled

We returned 25 Mm3 of

treated clean water to the environment

Water Discharged

We maintained low water intensity

(0.38 m3/t of processed ore; c.f. 0.50 m3/t for a

typical gold mine)

Water Intensity

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Site Water Management Plans - bringing it all together

▪ Formal Risk Assessments form the foundation of our site Water Management Plans (WMP’s)

▪ WMP’s embody and reflect our strategy of Assess-Assure-Collaborate

▪ We are following a process that defines mitigation actions (and opportunities), linked with business planning, and tracking of performance

▪ An online tool has been enabled to facilitate execution and monitor progress

▪ Transparency in action

Are we mitigating our risks?Are we meeting our commitments?

What are we facing?

Online dashboard screenshot

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The program has three primary objectives: Manage Water Related Risks, Optimize and Integrate Processes, and Increase Transparency of data to external stakeholders

Manage Water

Related Risks

• Systematic approach to monitoring water quality

• Real-time alerts allow for improved incident response times

• Real-time monitoring allows trend analysis and issue correction before issues become incidents

• Increased data flow allowing for risk modelling and predictive analytics

Optimize and Integrate Processes

• Closed-loop processes improve incident response time

• Increased system reliability by decreasing variation and potential for human error

• Automated monitoring increases productivity while reducing time spent in the field

Increase transparency

of data to external

stakeholders

• Improved relationships with local communities

• Increased trust and transparency with regulators

• Government / community trust facilitates permitting additional projects

• Reporting to public and government can improve trust

Environmental Incidents

Trust

CSR

Digital Water Monitoring Program - Objectives

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Barrick’s Water Community – it’s all about Collaboration

▪ We have established a Water Community to drive collaboration

▪ We provide Webinars, site shares, best practice technical sharing, a channel for innovation, etc.

▪ Training and knowledge sharing are core to the initiativeBulletin Board allows almost real time

interactions and knowledge capture

Video site shares and webinar recordings

Online collaboration site

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Transparency and water disclosure – in the spotlight

▪ There is increasing interest in our water strategy and performance from outside groups

▪ Our public website now holds additional information and easier to access data

▪ Additional reporting requirements come in to effect from 2018

▪ There is an opportunity for further digitization for efficiency and performance gains

Barrick public website – Water management page

http://www.barrick.com/responsibility/environment/water/

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Where are we going? – next steps

▪ Build linkages across the organization – no silos please!

▪ Drive innovation through collaboration – empower the people in the field

▪ Understand the transparency journey – easy to say, tough to do

▪ Use technology appropriately – only use the bells and whistles we need