Facts & Figures
Best Assets + Best People =
GROUP GOLD PRODUCTION
4.4
Moz
RECORD CASH DISTRIBUTION
TO SHAREHOLDERS
$1,400 $1.16 $4,378 $1,943
million
ISO 45001 / ISO 14001
100%
operational sites certified
Barrick’s portfolio includes six of the world’s top Tier One4 gold mines – unparalleled in
the industry. We are committed to partnering with our host countries and communities to
transform their natural resources into tangible benefits and mutual prosperity.
NYSE : GOLD • TSX : ABX
November 2022
Best Sustainable Returns
2021 HIGHLIGHTS
ALL AMOUNTS EXPRESSED IN US DOLLARS WHY INVEST IN BARRICK
SHAREHOLDER DISTRIBUTION
NET EARNINGS DEBT, NET OF CASH Best asset base
$2,022 $(130)
PER SHARE1
79
Largest portfolio of Tier One and world-class gold and copper assets that is unmatched
in the industry, with several more waiting in the wings including Reko Diq​.
Growing copper exposure​
million million cents Well positioned to capitalize on global decarbonization trends driving the long-term
fundamental strength in copper.
NET CASH PROVIDED BY Clear runway​
ADJUSTED NET EARNINGS2 FREE CASH FLOW3
OPERATING ACTIVITIES
All our mines have 10-year business plans — in some cases being rolled out to 15 and
20 years — firmly anchored in demonstrable geological understanding, engineering
and commercial feasibility​.
Growth from robust pipeline ​
per share million million Our growth projects, including Reko Diq, will enhance current production levels — we
anticipate no significant production dips over the next 10 years​.
Exploration is the foundation​
Q3 2022 HIGHLIGHTS Strong track record of exploration success and reserve replenishment — we constantly
feed new targets and projects into the pipeline to extend mine life at existing operations
and support future growth across all jurisdictions​.
NET CASH 14
DIVIDEND OF $0.15 PER SHARE FOR Q3,
$145
million
LEADING TO RECORD ANNUAL RETURNS IN 2022
The return to shareholders in 2022 in the form of dividends and share buybacks is
expected to exceed the record $1.4 billion of distributions made in 2021.
Leader in sustainability​
Sustainability is at the core of how we conduct our business. Our approach to ESG
is driven by tangible on the ground action and measurable results that benefit all
stakeholders​.
Disciplined shareholder returns​
An industry-leading dividend framework that provides an opportunity for enhanced
returns while delivering financial flexibility and predictability throughout the cycle​.
A $1 billion share buyback program to be used opportunistically when our shares do
not reflect the value of our assets and future business prospects.
www.barrick.com
OUR EXTENSIVE LAND POSITIONS
IN MANY OF THE WORLD’S MOST PROLIFIC GOLD DISTRICTS

2
 2022 GUIDANCE
5

GOLD COPPER

4.2 – 4.6 Moz 420 – 470 Mlb

GROUP GOLD PRODUCTION GROUP COPPER PRODUCTION

$1,070 – $1,150 $2.20 – $2.50

COST OF SALES PER OUNCE6 COST OF SALES PER POUND6

$730 – $790 $1.70 – $1.90

TOTAL CASH COSTS PER OUNCE7 C1 COSTS PER POUND8

$1,040 – $1,120 $2.70 – $3.00

AISC PER OUNCE 7
AISC PER POUND8

CAPITAL EXPENDITURES

$1,900 – $2,200M
TOTAL ATTRIBUTABLE
GOLD AND COPPER CAPEX9

3
THE GOLD STANDARD A sustainability strategy

IN SUSTAINABILITY built on four pillars

Our sustainability vision is to create long-term value for

all of our stakeholders. We live our vision by embedding
environmental, social and economic considerations into all
of our business decisions.

TAKING ESG TO THE NEXT LEVEL

Seven key sustainability principles translate our sustainability ambitions into practical,
on-the-ground steps our workforce can take.

We put safety first We empower local

communities

We conduct our We reduce our

business with integrity, environmental impacts
transparency and fairness

We build and maintain We plan for closure

genuine partnerships at all stages

We prioritize local hiring

and buying

4
NEVADA GOLD MINES
Nevada Gold Mines (NGM) is the single largest gold-mining complex in the world, producing more than 3 million ounces a year.*

Owned 61.5% and operated by Barrick, it comprises three of the company’s
Tier One assets — Carlin, Cortez and Turquoise Ridge — along with the
Phoenix and Long Canyon open pit mines. The updated feasibility study for
Goldrush delivered one of the world’s leading gold projects and comfortably
meets Barrick’s investment criteria.
NGM has embarked on a project to replace the last of its coal-powered
stations with natural gas to achieve an estimated annual CO2e savings of
approximately 526,000 tonnes.

Carlin (including the former Goldstrike
operation) consists of multiple open pit and
underground mines and several processing
facilities, including two roasters, an autoclave
and an oxide mill. The Carlin trend is the most
significant ore-controlling fault in Nevada and
will be a key exploration focus at Barrick for
many years.
Cortez consists of the Pipeline open pit
complex and the Cortez Hills underground
operation. Processing at Cortez consists of
an oxide mill and heap leach pads. Pouring
its first gold over 150 years ago, Cortez is
expected to continue producing well into the
future through projects such as Goldrush and
potentially Fourmile.
Turquoise Ridge (including the
former Twin Creeks operation) consists of
multiple open pit and underground mines
as well as an autoclave and oxide mill. The
high-grade Turquoise Ridge underground
mine is the value driver of the complex and
construction of a third shaft at the operation
is on schedule and within budget.

KEY 2021 NUMBERS10 ATTRIBUTABLE PRODUCTION

Gold production koz on a 100% basis 3,311
Gold production koz on an attributable basis 2,036
Cost of sales6 $/oz 1,072 2021 2,036
Total cash costs7 $/oz 705
2022 (est) 1,900 to 2,100
All-in sustaining costs7 $/oz 949
Proven and probable reserves11 Moz on an attributable basis 30
Measured and indicated resources11 koz 0 500 1,000 1,500 2,000 2,500
Moz on an attributable basis 46.9
Inferred resources11 Moz on an attributable basis 9.8
Nevada Gold Mines is owned 61.5% by Barrick (the operator) and 38.5% by Newmont.
* On a 100% basis.

5
PUEBLO VIEJO
Pueblo Viejo consists of two open pits, Moore and Monte Negro, with processing through autoclaves.
Pueblo Viejo is a conventional truck and shovel mining operation where commercial production began in 2013. The mine is approximately
100 kilometres northwest of the national capital of Santo Domingo and is accessible year-round by tarred road.

The Pueblo Viejo mine life extension and plant expansion is designed to increase The Quisqueya 1 power plant began supplying power to the mine using natural gas in the
throughput to 14 million tonnes per annum, allowing the operation to maintain first quarter of 2020. This will cut annual CO2e emissisons by an estimated 260,000 tonnes,
minimum average annual gold production of approximately 800,000 ounces after further reducing Pueblo Viejo’s impact on the environment.
2022 (100% basis)*.The proposed expansion of Pueblo Viejo will extend its life as
well as its significant contribution to the Dominican Republic’s economy until 2040
and beyond.

KEY 2021 NUMBERS ATTRIBUTABLE PRODUCTION

Gold production koz on a 100% basis 814
Gold production koz on an attributable basis 488
Cost of sales6 $/oz 896 2021 488
Total cash costs7 $/oz 541
2022 (est) 400 to 440
All-in sustaining costs7 $/oz 745
Proven and probable reserves11 Moz on an attributable basis 5.4
Measured and indicated resources11 koz 0 200 400 600
Moz on an attributable basis 14
Inferred resources11 Moz on an attributable basis 2.1
Pueblo Viejo is owned 60% by Barrick (the operator) and 40% by Newmont.
* 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.
6
LOULO-GOUNKOTO
The Loulo-Gounkoto complex comprises the Yalea and Gara underground operations, the Gounkoto open pit operation as well as a
number of satellite deposits. The complex is located 500km north west of the Malian capital of Bamako on the border with Senegal.

Production at Loulo started in 2005 comprising an open pit operation,
followed by the development of two underground mines at the Yalea and
Gara deposits. Access to Yalea and Gara is from portals. The carbon-in-
leach processing plant at Loulo has a throughput capacity of 4.8 million
tonnes per annum. Commissioned in 2020, the solar plant at Loulo currently
delivers approximately 20MW of power daily depending on the weather.
This is expected to reduce CO2e emissions by 27,000 tonnes per year.
Gounkoto, a greenfields discovery, poured first gold in 2011 with ore toll
treated through the Loulo plant. To date, mining has been from the open pit but
development of an underground mine commenced in October 2020. Gounkoto
underground delivered first ore in the second quarter of 2021, in line with
guidance.

KEY 2021 NUMBERS ATTRIBUTABLE PRODUCTION

Gold production koz on a 100% basis 700
Gold production koz on an attributable basis 560
Cost of sales6 $/oz 1,049 2021 560
Total cash costs7 $/oz 650
2022 (est) 510 to 560
All-in sustaining costs7 $/oz 970
Proven and probable reserves11 Moz on an attributable basis 6.7
Measured and indicated resources11 koz 0 200 400 600
Moz on an attributable basis 9.3
Inferred resources11 Moz on an attributable basis 1.0
Loulo-Gounkoto is owned 80% by Barrick and 20% by the State of Mali.

7
KIBALI
Kibali was developed by legacy Randgold and ranks as one of the largest gold mines in Africa.
Kibali comprises an integrated open pit and underground operation, as well
as a 7.2 million tonnes per annum processing plant. First gold was poured
in 2013 from open pit operations, while full underground commissioning
was completed at the end of 2017. The majority of underground ore is
hoisted to surface through a shaft.

Power is supplied by three hydropower stations supported by thermal

power during the low rainfall periods. In a move to further reduce diesel
consumption, a 9MW battery has been installed to provide power surge
capacity which is currently supplied by generators. This will reduce the
need for thermal power top-ups at an estimated saving of 8,000 tonnes of
CO2e per year.

Kibali is located in the northeast of the Democratic Republic of Congo,

approximately 220 kilometres east of the capital of the Haut Uele province,
Isiro, and 1,800 kilometres from the Kenyan port of Mombasa.

KEY 2021 NUMBERS ATTRIBUTABLE PRODUCTION

Gold production koz on a 100% basis 812
Gold production koz on an attributable basis 366
Cost of sales6 $/oz 1,016 2021 366
Total cash costs7 $/oz 627
2022 (est) 340 to 380
All-in sustaining costs7 $/oz 818
Proven and probable reserves11 Moz on an attributable basis 4.3
Measured and indicated resources11 koz 0 200 400
Moz on an attributable basis 6.9
Inferred resources11 Moz on an attributable basis 0.89
Kibali is owned by Kibali Goldmines SA, a joint venture company owned 45% by each of Barrick and AngloGold Ashanti, and 10% by SOKIMO. The mine is operated by Barrick.

8
COPPER PORTFOLIO

LUMWANA ZALDÍVAR JABAL SAYID

Lumwana is a conventional open pit truck and Zaldívar is a 50/50 joint venture with Antofagasta Jabal Sayid is located 350 kilometres north-east
shovel operation. The 100%-owned mine is located Plc, the operator of the mine. The open-pit, heap of Jeddah in the Kingdom of Saudi Arabia. The
about 100 kilometres west of Solwezi in Zambia’s and dump leach mine produces copper cathodes underground mine is a 50/50 joint venture operation
Copperbelt — one of the most prospective copper and is located 175 kilometres southeast of the with Ma’aden.
regions in the world. port city of Antofagasta.
The first shipment of copper concentrate took place
Lumwana ore is treated through a conventional Completed in early 2022, the Chloride Leach in December 2015, and the mine commenced
sulphide flotation plant, producing copper Project is expected to increase copper commercial production in July 2016.
concentrate. production by approximately 10 to 15 thousand
tonnes per annum at lower operating costs over
the remaining life of mine.
KEY 2021 NUMBERS
Copper production Mlb
242 Copper production Mlb, 100% basis
193 Copper production Mlb, 100% basis
152
Cost of sales6 $/lb
2.25 Copper production Mlb, attributable basis
97 Copper production Mlb, attributable basis
76
C1 cash costs8 $/lb
1.62 Cost of sales6 $/lb
3.19 Cost of sales6 $/lb
1.38
All-in sustaining costs8 $/lb
2.80 C1 cash costs8 $/lb
2.38 C1 cash costs8 $/lb
1.18
All-in sustaining costs8 $/lb
2.94 All-in sustaining costs8 $/lb
1.33
9
EXPLORATION
Successful exploration is the lifeline for any mining company, being to
mining what research and development is to the pharmaceutical industry.
Both Barrick and Randgold were built on pioneering exploration
success as well as significant reserve additions that followed key
acquisitions.
Barrick has one of the deepest project pipelines in the mining industry,
including brownfield projects near existing operations, greenfield
exploration discoveries and some of the largest undeveloped gold
deposits in the world, providing significant optionality and leverage to
gold prices.
Our strategy is to:
Consolidate and secure dominant land positions in our favored operating
districts and expand beyond current jurisdictions into emerging new prospective
geological domains.
Focus on economically feasible Tier One discoveries.
Collaborate closely with Mineral Resource Management to optimize and
deliver value from existing orebodies and mining operations.
Establish and develop motivated and highly agile discovery driven teams.

ROBUST PROJECT PIPELINE

As at December 31, 2021

Refer to Appendix A for further details

10
 OUR COMMITMENT TO SHAREHOLDER RETURNS
In addition to our quarterly base dividend, a PERFORMANCE DIVIDEND POLICY
performance enhancement is declared based Beginning in 2022, Barrick has established a performance dividend policy that will enhance the return to
shareholders when our liquidity is strong. The amount of the performance dividend on a quarterly basis will be
on amount of cash, net of debt, on our balance based on the amount of net cash on Barrick’s Consolidated Balance Sheet as per the following schedule:
sheet at the end of each quarter Performance Threshold Level Quarterly Base Quarterly Performance Quarterly Total
Dividend Level Dividend Dividend Dividend

On an annualized basis, this equates to one Level I Net cash less than $0 $0.10 per share $0.00 per share $0.10 per share

of the industry’s leading dividend yields Level II Net cash greater than
$0 and less than $0.5
$0.10 per share $0.05 per share $0.15 per share

billion

Total 2022 returns to shareholders of $1.2 Level III Net cash greater than
$0.5 billion and less
$0.10 per share $0.10 per share $0.20 per share

billion (as of Q3 2022) inclusive of dividends than $1 billion

Level IV Net cash greater than $0.10 per share $0.15 per share $0.25 per share
$1 billion

CUMULATIVE DIVIDENDS PER SHARE SINCE THE MERGER

2019 – Q3 2022
US cents

11
KEY
NUMBERS
Financial Results 2021 2020
INVESTING IN OUR FUTURE
Realized gold price12 $ per ounce 1,790 1,778 Gold reserves replaced after depletion by mining
Net earnings $ millions 2,022 2,324
Adjusted net earnings2 2,065 2,042
ATTRIBUTABLE CONTAINED ATTRIBUTABLE CONTAINED
$ millions

Net cash provided by operating activities $ millions 378 5,417

Free cash flow3 $ millions 1,943 3,363 GOLD RESERVESi,11,13: Moz COPPER RESERVESi,11,13: Blb
Net earnings per share $ 1.14 1.31
Adjusted net earnings per share2 $ 1.16 1.15
Attributable capital expenditures $ millions 1,951 1,651

Operating Results
Gold production 000s of ounces 4,437 4,760
Cost of sales6 (Barrick’s share) $ per ounce 1,093 1,056
Total cash costs7 $ per ounce 725 699
All-in sustaining costs7 $ per ounce 1,026 967 i
Figures rounded to two significant digits
Copper production millions of pounds 415 457
Cost of sales6 (Barrick’s share) $ per pound 2.32 2.02
C1 cash costs8 $ per pound 1.72 1.54
All-in sustaining costs8 $ per pound 2.62 2.23

Corporate Office
161 Bay Street, Suite 3700
Toronto, Ontario M5J 2S1
Tel: +1 416 861 9911

President and CEO

Mark Bristow

Investor and Media Relations

Kathy du Plessis, +44 20 7557 7738
barrick@dpapr.com

12
ENDNOTES
Endnote 1: Declared in respect of the 2021 fiscal year compared to the 2020 fiscal year.
Endnote 2: “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; and the tax effect and non-controlling interest of these items. Management 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. Management 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 should not be considered in isolation or as a substitute for measures of performance prepared in
accordance with IFRS. Other companies may calculate these measures differently. Further details including a detailed
reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure are incorporated by
reference and provided on page 94 of the MD&A accompanying Barrick’s fourth quarter 2021 financial statements filed
on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
Endnote 3: “Free cash flow” is a non-GAAP financial performance measure which deducts capital expenditures from
net cash provided by operating activities. Management 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 definition under IFRS and should not be considered in isolation or
as a substitute for measures of performance prepared in accordance with IFRS.  Other companies may calculate this
measure differently. Further details including a detailed reconciliation of this non-GAAP financial measure to its most
directly comparable GAAP measure are incorporated by reference and provided on page 64, 97, and 95 of the MD&A
that accompanies Barrick’s 2019, 2020, 2021 financial statements, respectively, filed on SEDAR at www.sedar.com and
on EDGAR at www.sec.gov.
Endnote 4: A Tier One Gold Asset is an asset with a reserve potential to deliver a minimum 10-year life, annual
production of at least 500,000 ounces of gold and total cash costs per ounce over the mine life that are in the lower half
of the industry cost curve.
Endnote 5:
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. This outlook is based on our current reserves and
resources as disclosed in our Q4 2021 Report and assumes that we will continue to be able to convert resources
into reserves. 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:  GAAP financial measure to its most directly comparable GAAP measure are incorporated by reference and provided on
• Commissioning of the Turquoise Ridge Third Shaft by the end of 2022
• Production from the Pueblo Viejo plant expansion and mine life extension project starting in 2023
• Production from the Zaldívar CuproChlor® Chloride Leach Project in 2022. Antofagasta is the operator of
Zaldívar.
This five-year indicative outlook excludes:
• Production from Porgera, which was placed on temporary care and maintenance in April 2020. We expect to
update our guidance to include Porgera following the execution of the definitive agreements to implement the
binding February 2022 Porgera Project Commencement Agreement (which replaces the Framework Agreement
signed in April 2021) with the Government of Papua New Guinea and the finalization of a timeline for the
resumption of full mine operations indicator of the purpose of capital expenditures and this distinction is an input into the calculation of all-in sustaining
• Production from Fourmile
• Production from Pierina and Golden Sunlight, which are currently in closure
• Production from long-term greenfield optionality from Donlin, Pascua-Lama, Norte Abierto or Alturas
Barrick’s ten-year gold production profile is subject to change and is based on the same assumptions as the current
five-year outlook detailed above, except that the subsequent five years of the ten-year outlook assumes attributable
production from Fourmile as well as exploration and mineral resource management projects in execution at Nevada
Gold Mines Barrick is closely monitoring the global Covid-19 pandemic and Barrick’s guidance may be impacted if the
operation or development of our mines and projects is disrupted due to efforts to slow the spread of the virus.
Endnote 6: Gold cost of sales per ounce is calculated as cost of sales across our gold operations (excluding sites in
care and maintenance) divided by ounces sold (both on an attributable basis using Barrick's ownership share). Copper
cost of sales per pound is calculated as cost of sales across our copper operations divided by pounds sold (both on an
attributable basis using Barrick’s ownership share).
Endnote 7: “Total cash costs” per ounce, “All-in sustaining costs” per ounce and "All-in costs" per ounce are non-GAAP
financial performance measures. “Total cash costs” per ounce starts with cost of sales related to gold production and
removes depreciation, the non-controlling interest of cost of sales, and includes by product credits. “All-in sustaining
costs” per ounce start with “Total cash costs” per ounce and includes minesite sustaining capital expenditures, sustaining
leases, general and administrative costs, minesite exploration and evaluation costs, and reclamation cost accretion
and amortization. These additional costs reflect the expenditures made to maintain current production levels. "All-in
costs" per ounce starts with "All-in sustaining costs" per ounce and adds additional costs that reflect the varying costs
of producing gold over the life-cycle of a mine, including: project capital expenditures and other non-sustaining costs.
Barrick believes that the use of “Total cash costs” per ounce, “All-in sustaining costs” per ounce and "All-in costs"
per ounce will assist investors, analysts and other stakeholders of Barrick 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, “All-in sustaining costs” per ounce and "All-in costs" per ounce are intended to provide additional
information only and do not have standardized definitions under IFRS and should not be considered in isolation or as a
substitute for measures prepared in accordance with IFRS. Although a standardized definition of all-in sustaining costs
was published by the World Gold Council (a market development organization for the gold industry comprised of and
funded by gold mining companies from around the world, including Barrick), it is not a regulatory organization, and other
companies may calculate this measure differently. Further details including a detailed reconciliation of this non-GAAP
financial measure to its most directly comparable GAAP measure are incorporated by reference and provided on pages
96-115 of the MD&A accompanying Barrick’s fourth quarter 2021 financial statements filed on SEDAR at www.sedar.
com and on EDGAR at www.sec.gov.
Endnote 8: “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 production taxes 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, sustaining leases, general and administrative costs, minesite exploration and evaluation costs,
royalties and production taxes, reclamation cost accretion and amortization and write-downs taken on inventory to net
realizable value. Management believes that the use of “C1 cash costs” per pound and “all-in sustaining costs” per pound
will enable investors to better understand the operating performance of our copper mines as this measure reflects all of
the sustaining expenditures incurred in order to produce copper. “C1 cash costs” per pound and “All-in sustaining costs”
per pound are intended to provide additional information only and do not have standardized definitions under IFRS and
should not be considered in isolation or as a substitute for measures of performance prepared in accordance with IFRS.
Other companies may calculate these measures differently. Further details including a detailed reconciliation of this non-
116-117 of the MD&A accompanying Barrick’s fourth quarter 2021 financial statements filed on SEDAR at www.sedar.
com and on EDGAR at www.sec.gov. 
Endnote 9: These amounts are presented on the same basis as our guidance. Minesite sustaining capital expenditures
and project capital expenditures are non-GAAP financial measures.  Capital expenditures are classified into minesite
sustaining capital expenditures or project capital expenditures depending on the nature of the expenditure.  Minesite
sustaining capital expenditures is the capital spending required to support current production levels.  Project capital
expenditures represent the capital spending at new projects and major, discrete projects at existing operations intended
to increase net present value through higher production or longer mine life.  Management believes this to be a useful
costs per ounce and all-in costs per ounce. Classifying capital expenditures is intended to provide additional information
13
only and does not have any standardized definition under IFRS and should not be considered in isolation or as a
substitute for measures of performance prepared in accordance with IFRS. Other companies may calculate these
measures differently. Further details including a detailed reconciliation of this non-GAAP financial measure to its most
directly comparable GAAP measure are incorporated by reference and provided on page 95 of the MD&A accompanying
Barrick’s fourth quarter 2021 financial statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.  million ounces of gold. Pueblo Viejo inferred resources of 38 million tonnes grading 1.7g/t representing 2.1 million ounces
Endnote 10: Included within our 61.5% interest in Carlin is NGM's interest in South Arturo. On September 7, 2021,
Barrick announced it had entered into an Exchange Agreement with i-80 Gold to acquire the 40% interest in South
Arturo that NGM did not already own in exchange for the Lone Tree and Buffalo Mountain properties and infrastructure.
Operating results within our 61.5% interest in Carlin includes NGM’s 60% in South Arturo up until May 30, 2021 and
100% interest thereafter. The exchange transaction closed on October 14, 2021.
Endnote 11: Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects
as required by Canadian securities regulatory authorities. Attributable estimates are as of December 31, 2021, unless
otherwise noted. Group proven mineral reserves of 240 million tonnes grading 2.20 g/t, representing 17 million ounces
of gold, and 380 million tonnes grading 0.41%, representing 3,400 million pounds of copper. Group probable reserves
of 1,000 million tonnes grading 1.60 g/t, representing 53 million ounces of gold, and 1,100 million tonnes grading
0.37%, representing 8,800 million pounds of copper. Group measured resources of 490 million tonnes grading 2.05
g/t, representing 32 million ounces of gold, and 680 million tonnes grading 0.38%, representing 5,700 million pounds
of copper. Group indicated resources of 2,800 million tonnes grading 1.40 g/t, representing 130 million ounces of gold,
and 2,500 million tonnes grading 0.34%, representing 19,000 million pounds of copper. Group inferred resources of
1,000 million tonnes grading 1.3 g/t, representing 42 million ounces of gold, and 450 million tonnes grading 0.2%,
representing 2,100 million pounds of copper. Carlin proven reserves of 24 million tonnes grading 6.01g/t representing
4.5 million ounce of gold, and probable reserves of 80 million tonnes grading 2.7g/t representing 6.9 million ounce of
gold (includes South Arturo on a 61.5% basis). Cortez proven reserves of 2.2 million tonnes grading 4.43g/t representing
0.31 million ounces of gold, and probable reserves of 63 million tonnes grading 4.16g/t representing 8.5 million ounces
of gold. 6. Cortez underground includes 20 million tonnes at 7.29g/t for 4.8 million ounces of probable reserves, 23
million tonnes at 7.07g/t for 5.2 million ounces of indicated resources and 14 million tonnes at 6.0g/t for 2.8 million
ounces of inferred resources related to Goldrush. Mineral resources are reported on an inclusive basis. Long Canyon
proven reserves of 0.21 million tonnes grading 1.43g/t representing 0.01 million ounces of gold, and probable reserves
of 0.4 million tonnes grading 1.06g/t representing 0.013 million ounces of gold. Phoenix proven reserves of 8.3 million
tonnes grading 0.72g/t representing 0.19 million ounces of gold, and probable reserves of 96 million tonnes grading
0.59g/t representing 1.8 million ounces of gold. Turquoise Ridge proven reserves of 26 million tonnes grading 5.09g/t
representing 4.3 million ounces of gold, and probable reserves of 20 million tonnes grading 6.59g/t representing 4.3
million ounces of gold. Carlin measured resources of 51 million tonnes grading 4.68g/t representing 7.8 million ounce
of gold, and inferred resources of 170 million tonnes grading 2.2g/t representing 12 million ounces of gold (includes
South Arturo on a 61.5% basis). Cortez measured resources of 2.6 million tonnes grading 4.88g/t representing 0.41
million ounces of gold, and indicated resources of 120 million tonnes grading 2.71g/t representing 11 million ounces of
gold. Cortez underground includes 20 million tonnes at 7.29g/t for 4.8 million ounces of probable reserves, 23 million
tonnes at 7.07g/t for 5.2 million ounces of indicated resources and 14 million tonnes at 6.0g/t for 2.8 million ounces of
inferred resources related to Goldrush. Mineral resources are reported on an inclusive basis. Long Canyon measured
resources of 0.54 million tonnes grading 2.66g/t representing 0.046 million ounces of gold, and indicated resources of
6.5 million tonnes grading 3.87g/t representing 0.8 million ounces of gold. Phoenix measured resources of 13 million
tonnes grading 0.65g/t representing 0.27 million ounces of gold, and indicated resources of 230 million tonnes grading
0.51g/t representing 3.7 million ounces of gold. Turquoise Ridge measured resources of 36 million tonnes grading 4.57g/t
representing 5.3 million ounces of gold, nd indicated resources of 41 million tonnes grading 5.05g/t representing 6.6
million ounces of gold. Carlin inferred resources of 68 million tonnes grading 2.1g/t representing 4.6 million ounce of
gold (includes South Arturo on a 61.5% basis). Cortez inferred resources of 76 million tonnes grading 1.6g/t representing
3.9 million ounce of gold. Cortez underground includes 20 million tonnes at 7.29g/t for 4.8 million ounces of probable
reserves, 23 million tonnes at 7.07g/t for 5.2 million ounces of indicated resources and 14 million tonnes at 6.0g/t for
2.8 million ounces of inferred resources related to Goldrush. Mineral resources are reported on an inclusive basis. Long
Canyon inferred resources of 1.6 million tonnes grading 3.6g/t representing 0.19 million ounce of gold. Phoenix inferred
resources of 30 million tonnes grading 0.4g/t representing 0.36 million ounce of gold. Turquoise Ridge inferred resources
TECHNICAL INFORMATION
The scientific and technical information contained in this fact sheet has been reviewed and approved by Craig Fiddes, SME-RM, Manager – Resource Modeling, Nevada Gold Mines; Chad Yuhasz, P.Geo, Mineral Resource Manager, Latin
America and Asia Pacific; Simon Bottoms, CGeol, MGeol, FGS, FAusIMM, 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, Technical Advisor to Barrick — each a “Qualified Person” as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects.
of 11 million tonnes grading 2.0g/t representing 0.74 million ounce of gold. Pueblo Viejo proven reserves of 7.5 million
tonnes grading 2.2g/t representing 0.53 million ounces of gold and probable reserves of 68 million tonnes grading
2.22g/t representing 4.9 million ounces of gold. Pueblo Viejo measured resources of 63 million tonnes grading 2.03g/t
representing 4.1 million ounces of gold and indicated resources of 150 million tonnes grading 2.04g/t representing 10
of gold. Loulo-Gounkoto proven reserves of 18 million tonnes grading 3.48g/t representing 2.0 million ounces of gold
and probable reserves of 33 million tonnes grading 4.38g/t representing 4.7 million ounces of gold. Loulo-Gounkoto
measured resources of 25 million tonnes grading 3.82 g/t representing 3.1 million ounces of gold and indicated resources
of 44 million tonnes grading 4.42g/t repreenting 6.2 million ounces of gold. Loulo-Gounkoto inferred resources of 19
million tonnes grading 3.2g/t representing 2.0 million ounces of gold. Kibali proven reserves of 14 million tonnes grading
3.76g/t representing 1.7 million ounces of gold and probable reserves of 23 million tonnes grading 3.5g/t representing 2.6
million ounces of gold. Kibali measured resources of 21 million tonnes grading 3.84g/t representing 2.6 million ounces of
gold and indicated resources of 42 million tonnes grading 3.18g/t representing 4.3 million ounces of gold. Kibali inferred
resources of 10 million tonnes grading 2.7g/t representing 0.89 million ounces of gold. Group proven copper reserves of
380 million tonnes grading 0.41% representing 3,400 million pounds of copper and probable reserves of 1,100 million
tonnes grading 0.37% representing 8,800 million pounds of copper. Group measured copper resources of 680 million
tonnes grading 0.38% representing 5,700 million pounds of copper and indicated resources of 2,500 million tonnes
grading 0.34% representing 19,000 million pounds of copper. Group inferred copper resources of 450 million tonnes
grading 0.2% representing 2,100 million pounds of copper. Mineral resources are reported inclusive of mineral reserves.
Complete mineral reserve and mineral resource data for all mines and projects referenced, including tonnes, grades, and
ounces, can be found on pages 129-137 of Barrick’s Fourth Quarter and Year-End 2021 Report.
Endnote 12: “Realized price” is a non-GAAP financial measure which excludes from sales: unrealized gains and losses
on non-hedge derivative contracts; unrealized mark-to-market gains and losses on provisional pricing from copper and
gold sales contracts; sales attributable to ore purchase arrangements; treatment and refining charges; export duties;
and cumulative catch-up adjustments to revenue relating to our streaming arrangements. This measure is intended to
enable Management to better understand the price realized in each reporting period for gold and copper sales because
unrealized mark-to-market values of non-hedge gold and copper derivatives are subject to change each period due to
changes in market factors such as market and forward gold and copper prices, so that prices ultimately realized may
differ from those recorded. The exclusion of such unrealized mark-to-market gains and losses from the presentation of
this performance measure enables investors to understand performance based on the realized proceeds of selling gold
and copper production. The realized price measure is intended to provide additional information and does not have
any standardized definition under IFRS and should not be considered in isolation or as a substitute for measures of
performance prepared in accordance with IFRS. Other companies may calculate this measure differently. Further details
including a detailed reconciliation of this non-GAAP financial measure to its most directly comparable GAAP measure are
incorporated by reference and provided on page 120 of the MD&A accompanying Barrick’s fourth quarter 2021 financial
statements filed on SEDAR at www.sedar.com and on EDGAR at www.sec.gov. 
Endnote 13: Estimated in accordance with National Instrument 43-101 - Standards of Disclosure for Mineral Projects
as required by Canadian securities regulatory authorities. Attributable estimates are as of December 31, 2020.
Proven reserves of 280 million tonnes grading 2.37 g/t, representing 21 million ounces of gold, and 350 million tonnes
grading 0.39%, representing 3,000 million pounds of copper. Probable reserves of 990 million tonnes grading 1.46 g/t,
representing 47 million ounces of gold, and 1,100 million tonnes grading 0.39%, representing 9,700 million pounds of
copper. Measured resources of 530 million tonnes grading 2.11 g/t, representing 36 million ounces of gold, and 600
million tonnes grading 0.36%, representing 4,800 million pounds of copper. Indicated resources of 2,800 million tonnes
grading 1.41 g/t, representing 130 million ounces of gold, and 2,500 million tonnes grading 0.36%, representing 20,000
million pounds of copper. Inferred resources of 980 million tonnes grading 1.4 g/t, representing 43 million ounces of
gold, and 440 million tonnes grading 0.2%, representing 2,200 million pounds of copper. Mineral resources are reported
inclusive of mineral reserves. Complete mineral reserve and mineral resource data as of December 31, 2020 for all mines
and projects referenced in this press release, including tonnes, grades, and ounces, can be found on pages 34-47 of
Barrick’s 2020 Annual Information Form/Form 40-F.
Endnote 14: Calculated as cash and equivalents ($5,240 million) less debt ($5,095 million).
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APPENDIX A
PROJECT PIPELINE
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained or incorporated by reference in this fact sheet, 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”,
“strategy”, “target”, “plan”, “opportunities”, “guidance”, “outlook”, “on track”, “become”, “project”, “goal”, “continue”,
“additional”, “expansion”, “budget”, “estimate”, “potential”, “prospective”, “future”, “focus”, “during”, “ongoing”,
“following”, “expected”, “scheduled”, “may”, “will”, “can”, “could”, and similar expressions identify forward-looking
statements. In particular, this presentation contains forward-looking statements including, without limitation, with
respect to: Barrick’s focus on Tier One Assets and its potential for growth while delivering sustainable returns; Barrick’s
forward-looking production guidance; estimates of future costs and projected future cash flows, capital, operating and
exploration expenditures and mine life and production rates; Barrick’s 10-year production profile and our pipeline of
large growth projects; our plans and expected completion and benefits of our growth projects, including the Turquoise
Ridge Third Shaft, Pueblo Viejo plant expansion and mine life extension project, and Veladero Phase 7 leach pad
and power transmission projects; Barrick’s strategy, plans, targets and goals in respect of environmental and social
governance issues, including greenhouse gas emissions reduction targets, tailings storage facility management, and
associated initiatives; Barrick’s engagement with local communities to manage the Covid-19 pandemic, including
Covid-19 vaccination initiatives; Barrick’s global exploration strategy and planned exploration activities; our pipeline
of high confidence projects at or near existing operations; the duration of the temporary suspension of operations at
Porgera and timeline to recommence operations; Barrick’s engagement with Congolese authorities on a program to
release cash in the Democratic Republic of Congo for the repayment of offshore loans; potential mineralization and
metal or mineral recoveries; our ability to convert resources into reserves and to replace reserves depleted by mining;
the share buyback program and performance dividend policy; joint ventures and partnerships; 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); risks associated with projects in the early stages
of evaluation and for which additional engineering and other analysis is required; risks related to the possibility that
future exploration results will not be consistent with the Company’s expectations, that quantities or grades of reserves
will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of
the initiatives described in this presentation are still in the early stages and may not materialize; changes in mineral
production performance, exploitation and exploration successes; risks that exploration data may be incomplete and
considerable additional work may be required to complete further evaluation, including but not limited to drilling,
engineering and socioeconomic studies and investment; the speculative nature of mineral exploration and development;
lack of certainty with respect to foreign legal systems, corruption and other factors that are inconsistent with the rule
of law; 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 the countries in which Barrick does or may carry on business in the future; risks relating to political
instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure to comply with, necessary
permits and approvals; non-renewal of key licenses by governmental authorities, including non-renewal of Porgera’s
special mining lease; failure to comply with environmental and health and safety laws and regulations; contests over title
to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure;
the liability associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such
losses; increased costs and physical risks, including extreme weather events and resource shortages, related to climate
change; 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; risks related to operations near communities that may regard Barrick’s operations as being
detrimental to them; litigation and legal and administrative proceedings; operating or technical difficulties in connection
with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and
disruptions in the maintenance or provision of required infrastructure and information technology systems; increased
costs, delays, suspensions and technical challenges associated with the construction of capital projects; risks associated
with working with partners in jointly controlled assets; risks related to disruption of supply routes which may cause delays
in construction and mining activities; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks
associated with artisanal and illegal mining; risks associated with Barrick’s infrastructure, information technology systems
and the implementation of Barrick’s technological initiatives; the impact of global liquidity and credit availability on the
timing of cash flows and the values of assets and liabilities based on projected future cash flows; the impact of inflation;
adverse changes in our credit ratings; fluctuations in the currency markets; changes in U.S. dollar interest rates; risks
arising from holding derivative instruments (such as credit risk, market liquidity risk and mark-to-market risk); risks related
to the demands placed on the Company’s management, the ability of management to implement its business strategy
and enhanced political risk in certain jurisdictions; uncertainty whether some or all of Barrick's targeted investments and
projects will meet the Company’s capital allocation objectives and internal hurdle rate; whether benefits expected from
recent transactions being realized; business opportunities that may be presented to, or pursued by, the Company; our
ability to successfully integrate acquisitions or complete divestitures; risks related to competition in the mining industry;
employee relations including loss of key employees; availability and increased costs associated with mining inputs and
labor; risks associated with diseases, epidemics and pandemics, including the effects and potential effects of the global
Covid-19 pandemic; risks related to the failure of internal controls; and risks related to the impairment of the Company’s
goodwill and assets. Barrick also cautions that its 2022 guidance, five-year indicative outlook and ten-year production
profile may be impacted by the unprecedented business and social disruption caused by the spread of Covid-19. In
addition, there are risks and hazards associated with the business of mineral exploration, development and mining,
including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, flooding
and gold bullion, copper cathode or gold or copper concentrate losses (and the risk of inadequate insurance, or inability
to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results
to differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us.
Readers are cautioned that forward-looking statements are not guarantees of future performance. All of the forward-
looking statements made in this presentation are qualified by these cautionary statements. Specific reference is made to
the most recent Form 40- F/Annual Information Form on file with the SEC and Canadian provincial securities regulatory
authorities for a more detailed discussion of some of the factors underlying forward-looking statements and the risks
that may affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this
presentation.
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.
15