Barrick Mining (ABX) Sustainability Update summary

Sustainability integration, strategy, and vision

• Sustainability is embedded across safety, health, community, environment, and human rights, with executive oversight and a dedicated team guiding initiatives and impact at all assets.

• Emphasizes a holistic, integrated approach aligned with UN SDGs, focusing on resilience, stakeholder value creation, and transparent performance measurement through an independently developed Sustainability Scorecard.

• Partnership philosophy ensures benefits are shared with all stakeholders, with regular materiality assessments guiding priorities and disclosures.

• Achieved first A grade in 2023 for sustainability performance, reflecting continuous improvement and user-friendly reporting.

• Operates a large portfolio of tier one gold and copper assets globally, focusing on responsible development and expansion, especially in copper to meet future supply needs.

Safety, health, and workforce development

• Achieved a 9% reduction in safety incidents and improved Total Recordable Injury Frequency Rate to 1.14 in 2023, but experienced five fatalities, prompting enhanced training and risk management.

• Launched the Journey to Zero initiative and a comprehensive Fatal Risk Management program, empowering all employees to stop unsafe work and focusing on leading safety indicators.

• Nevada Gold Mines Training Mine and Barrick Academy provide competency-based, hands-on training, improving retention and safety culture, with over 650 participants and a 96% success rate.

• Achieved a 33% year-over-year reduction in malaria incidence in Africa, reaching the lowest rate in company history through education, targeted spraying, and expanded vector control.

Community engagement and social impact

• Distributed $15.1bn in economic value in 2023, with $11.9bn remaining in host countries, and invested $43m in community development and $2.8bn in payments to governments.

• Community Development Committee (CDC) model empowers local communities to lead investment decisions, shifting to longer-term projects for greater impact.

• Significant investments in infrastructure, education, health, and business development, with notable projects in Reko Diq (Pakistan), Nevada, and North Mara, including water treatment, schools, SME loan programs, and support for 49,000 students.

• Resettlement projects prioritize livelihood restoration, with independent post-resettlement assessments and land title transfer to beneficiaries, such as Kibali resettlement in DRC for over 3,000 people.

• Human rights are a core focus, with regular independent assessments, transparent disclosure, and engagement with local and international stakeholders.