Barrick Gold : Q1 Mine Statistics

Summary of Operations

For the three months ended March 31	2022	2021
Gold	Gold produced	Gold sold	Total	Total	All-In	Gold	Gold produced	Gold sold	Total	Total cash	All-In
produced	(000s ozs	(000s ozs	costs	cash	sustaining	produced	(000s ozs	(000s ozs	costs	costs	sustaining
(000s ozs	attributable	attributable	of sales	costs	costs	(000s ozs	attributable	attributable	of sales	($/oz)1	costs
100% basis)	share)	share)	($/oz)	($/oz)1	($/oz)1	100% basis)	share)	share)	($/oz)	($/oz)1
Carlin (61.5%)2	373	229	230	1,015	829	1,139	373	229	231	950	766	1,045
Cortez (61.5%)	187	115	118	1,113	784	1,150	163	100	102	1,251	860	1,203
Turquoise Ridge (61.5%)	109	67	64	1,436	1,030	1,281	149	92	92	1,007	647	741
Phoenix (61.5%)	37	23	21	2,253	835	1,027	41	25	24	2,051	346	530
Long Canyon (61.5%)	41	25	25	1,093	342	366	63	39	39	511	79	156
Nevada Gold Mines LLC (61.5%)3	747	459	458	1,169	820	1,118	789	485	488	1,047	686	932
Hemlo	31	31	31	1,727	1,503	1,982	47	47	47	1,610	1,324	1,840
North America	778	490	489	1,205	863	1,173	836	532	535	1,097	742	1,013
Pueblo Viejo (60%)	174	104	104	1,077	682	948	229	137	141	816	507	689
Veladero (50%)	92	46	39	1,348	847	1,588	64	32	31	1,151	736	2,104
Porgera (47.5%)4	-	-	-	-	-	-	-	-	-	-	-	-
Latin America & Asia Pacific	266	150	143	1,176	728	1,133	293	169	172	903	548	954
Loulo-Gounkoto (80%)	172	138	137	1,088	721	982	193	154	151	974	608	920
Kibali (45%)	168	76	73	1,137	744	996	192	86	86	1,065	691	856
Tongon (89.7%)	39	35	38	2,036	1,667	1,803	54	48	48	1,510	995	1,062
North Mara (84%)	66	56	58	852	709	874	74	62	56	1,061	832	1,038
Bulyanhulu (84%)	53	45	55	1,216	847	984	39	33	28	1,211	865	957
Buzwagi (84%)	-	-	-	-	-	-	20	17	17	1,486	1,450	1,467
Africa & Middle East	498	350	361	1,178	842	1,053	572	400	386	1,114	763	968
Total Gold	1,542	990	993	1,190	832	1,164	1,701	1,101	1,093	1,073	716	1,018
For the three months ended March 31	2022	2021
Copper	Copper	Copper sold	Total	C1 cash	All-In	Copper	Copper	Copper sold	Total	C1 cash	All-In
produced	produced (Mlbs	(Mlbs	costs of	costs	sustaining	produced	produced (Mlbs	(Mlbs	costs of	costs	sustaining
(Mlbs 100%	attributable	attributable	sales	($/lb)5	costs	(Mlbs 100%	attributable	attributable	sales	($/lb)5	costs
basis)	share)	share)	($/lb)	($/lb)5	basis)	share)	share)	($/lb)	($/lb)5
Zaldívar (50%)	51	25	26	2.85	2.15	2.64	48	24	27	3.03	2.25	2.47
Lumwana	57	57	70	2.20	1.86	3.16	51	51	69	1.97	1.48	2.37
Jabal Sayid (50%)	38	19	17	1.30	1.10	1.17	36	18	17	1.21	1.06	1.22

Total Copper

146

101 113 2.21 1.81 2.85 135

93 113 2.11 1.60 2.26

• 1 Total cash costs per ounce and all-in sustaining costs per ounce are non-GAAP financial performance measures with no standard meaning under IFRS. For further information and reconciliation, please see endnote #1.

• 2 These results include NGM's interest in South Arturo. On September 7, 2021, NGM 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% interest in South Arturo up until May 30, 2021, and 100% interest thereafter, reflecting the terms of the Exchange Agreement which closed on October 14, 2021.

• 3 These results represent our 61.5% interest in Carlin (including NGM's interest in South Arturo), Cortez, Turquoise Ridge, Phoenix and Long Canyon.

• 4 On April 25, 2020, Porgera was placed on care and maintenance after the Government of Papua New Guinea communicated on April 24, 2020 that the Special Mining Lease would not be extended. Refer to our Q1 2022 Report for further information.

• 5 C1 cash costs per pound and all-in sustaining costs per pound are non-GAAP financial performance measures with no standard meaning under IFRS. For further information, please see endnote #2.

1

MINE STATISTICS

Mine Statistics (Gold)

Carlin1 (61.5%)Cortez (61.5%)Turquoise Ridge (61.5%)Phoenix (61.5%)

Long Canyon

(61.5%)Nevada Gold Mines LLC (61.5%)2

Hemlo

For the three months ended March 31

2022

2021 2022 2021

2021

Tonnes mined (thousands)	18,634	18,898	17,895	20,923	211	3,569	6,361	6,822	2,330	3,945	45,431	54,157	330	319
Open Pit Ore	957	882	1,623	1,818	-	1,158	2,753	3,286	773	1,026	6,106	8,170	n/a	n/a
Open Pit Waste	16,841	17,215	15,994	18,800	-	2,215	3,608	3,536	1,557	2,919	38,000	44,685	n/a	n/a
Underground	836	801	278	305	211	196	n/a	n/a	n/a	n/a	1,325	1,302	330	319
Strip Ratio	17.60	19.52	9.85	10.34	n/a	1.91	1.31	1.08	2.02	2.85	6.22	5.47	n/a	n/a
Cost per tonne mined ($/tonne)3
Open Pit	2.32	2.02	2.67	1.90	n/a	2.66	2.72	2.29	2.72	2.18	2.54	2.06	n/a	n/a
Underground	105.34	95.66	101.96	75.82	168.18	145.85	n/a	n/a	n/a	n/a	114.65	98.56	115.45	127.65
Tonnes processed (thousands)	2,973	3,026	2,014	2,335	539	967	2,776	2,558	773	1,139	9,075	10,025	272	453
Oxide Mill	593	749	664	556	93	105	1,604	1,761	n/a	n/a	2,954	3,171	272	453
Roasters	1,122	1,058	272	339	n/a	n/a	n/a	n/a	n/a	n/a	1,394	1,397	n/a	n/a
Autoclave	540	525	n/a	n/a	446	668	n/a	n/a	n/a	n/a	986	1,193	n/a	n/a
Heap Leach	718	694	1,078	1,440	-	194	1,172	797	773	1,139	3,741	4,264	n/a	n/a
Cost per tonne processed ($/tonne)3
Oxide Mill	21.22	16.85	11.36	13.24	14.23	9.56	11.24	8.99	n/a	n/a	13.37	11.61	24.11	15.37
Roasters	27.72	24.12	27.51	37.85	n/a	n/a	n/a	n/a	n/a	n/a	27.68	27.44	n/a	n/a
Autoclave	43.90	48.23	n/a	n/a	60.28	28.06	n/a	n/a	n/a	n/a	51.30	36.97	n/a	n/a
Heap Leach	8.12	6.31	4.28	2.41	-	4.60	1.70	3.14	0.97	0.80	3.72	2.85	n/a	n/a
G&A cost per tonne processed ($/tonne)3	6.10	5.11	4.33	3.81	11.77	6.31	1.49	1.61	1.04	1.11	4.20	3.64	9.04	10.53
Average grade (grams per tonne)4
Open Pit mined	0.97	0.95	1.01	0.84	n/a	1.87	0.41	0.54	1.12	2.58	0.75	1.09	n/a	n/a
Underground mined	7.87	8.75	9.17	8.51	11.87	11.64	n/a	n/a	n/a	n/a	8.79	9.22	3.89	5.86
Processed	3.39	3.49	1.76	1.81	4.65	3.42	0.36	0.42	1.12	2.33	1.98	2.18	3.61	3.28
Recovery rate (percent)	77%	78%	80%	81%	79%	82%	70%	68%	n/a	n/a	77%	79%	95%	94%
Oxide Mill5	n/a	n/a	72%	77%	79%	87%	70%	68%	n/a	n/a	71%	74%	95%	94%
Roasters	85%	86%	87%	84%	n/a	n/a	n/a	n/a	n/a	n/a	85%	86%	n/a	n/a
Autoclave	46%	45%	n/a	n/a	79%	81%	n/a	n/a	n/a	n/a	65%	68%	n/a	n/a
Production (thousands of ounces)	229	229	115	100	67	92	23	25	25	39	459	485	31	47
Oxide Mill	9	7	35	36	3	5	23	23	n/a	n/a	70	71	31	47
Roasters	183	188	49	53	n/a	n/a	n/a	n/a	n/a	n/a	232	241	n/a	n/a
Autoclave	25	25	n/a	n/a	62	84	n/a	n/a	n/a	n/a	87	109	n/a	n/a
Heap Leach	12	9	31	11	2	3	n/a	2	25	39	70	64	n/a	n/a
Sales (thousands of ounces)	230	231	118	102	64	92	21	24	25	39	458	488	31	47
Cost of sales per ounce ($/oz)	1,015	950	1,113	1,251	1,436	1,007	2,253	2,051	1,093	511	1,169	1,047	1,727	1,610
Costs per ounce ($/oz)
Royalties and production taxes	33	24	104	72	-	-	-	-	-	-	43	27	143	313
Depreciation	185	182	323	388	402	342	523	518	750	432	305	298	202	275
Total cash costs6	829	766	784	860	1,030	647	835	346	342	79	820	686	1,503	1,324
All-in sustaining costs6	1,139	1,045	1,150	1,203	1,281	741	1,027	530	366	156	1,118	932	1,982	1,840
Capital expenditures ($ millions)7
Minesite sustaining6	69	61	41	33	16	9	3	4	-	2	130	113	13	22
Projects6	-	-	12	10	6	11	-	-	-	-	30	21	-	-
Total capital expenditures ($ millions)7	69	61	53	43	22	20	3	4	-	2	160	134	13	22

1 These results include NGM's interest in South Arturo. On September 7, 2021, NGM announced it had entered into an Exchange Agreement with i-80 Gold Corp. 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% interest in South Arturo up until May 30, 2021, and 100% interest thereafter, reflecting the terms of the Exchange Agreement which closed on October 14, 2021.

• 2 These results represent our 61.5% interest in Carlin (including NGM's interest in South Arturo), Cortez, Turquoise Ridge, Phoenix and Long Canyon.

• 3 Cost per tonne mined ($/tonne), cost per tonne processed ($/tonne) and G&A cost per tonne processed ($/tonne) are supplementary financial measures. For further information please refer to endnote #4

• 4 At Phoenix, stated grades relate to material slated for processing at the oxide mill.

• 5 Excludes the Gold Quarry (Mill 5) concentrator.

• 6 Total cash costs per ounce, all-in sustaining costs per ounce, minesite sustaining capital expenditures and project capital expenditures are non-GAAP financial performance measures with no standard meaning under IFRS. For further information please refer to endnotes #1 and #3.

7 Capital expenditures are presented on a cash basis and are reported at Barrick's share.

Mine Statistics (Gold)
Pueblo Viejo (60%)	Porgera (47.5%)1
For the three months ended March 31	2021

Veladero (50%)

2022

2022

2022

Tonnes mined (thousands)	4,318	6,636	7,886	9,550	-	-
Open Pit Ore	1,199	2,137	2,606	1,311	-	-
Open Pit Waste	3,119	4,499	5,280	8,239	-	-
Underground	n/a	n/a	n/a	n/a	-	-
Strip Ratio	2.60	2.11	2.03	6.28	-	-
Cost per tonne mined ($/tonne)2
Open Pit	3.43	2.59	4.15	2.89	-	-
Underground	n/a	n/a	n/a	n/a	-	-
Tonnes processed (thousands)	1,511	1,349	3,506	1,305	-	-
Autoclave	1,511	1,349	n/a	n/a	-	-
Heap Leach	n/a	n/a	3,506	1,305	-	-
Cost per tonne processed ($/tonne)2
Autoclave	36.42	37.06	n/a	n/a	-	-
Heap Leach	n/a	n/a	3.95	6.81	-	-
G&A cost per tonne processed ($/tonne)2	5.82	6.11	2.30	2.62	-	-
Average grade (grams per tonne)
Open Pit mined	2.46	2.46	0.80	0.78	-	-
Underground mined	n/a	n/a	n/a	n/a	-	-
Processed	2.47	3.55	0.67	0.85	-	-
Recovery rate (percent)	87%	88%	n/a	n/a	-	-
Autoclave	87%	88%	n/a	n/a	-	-
Production (thousands of ounces)	104	137	46	32	-	-
Autoclave	104	137	n/a	n/a	-	-
Heap Leach	n/a	n/a	46	32	-	-
Sales (thousands of ounces)	104	141	39	31	-	-
Cost of sales per ounce ($/oz)	1,077	816	1,348	1,151	-	-
Costs per ounce
Royalties and production taxes	62	60	176	205	-	-
Depreciation	333	263	481	369	-	-
Total cash costs3	682	507	847	736	-	-
All-in sustaining costs3	948	689	1,588	2,104	-	-
Capital expenditures ($ millions)4
Minesite sustaining3	26	24	28	41	-	-
Projects3	47	35	8	-	-	-
Total capital expenditures ($ millions)4	73	59	36	41	-	-

1 On April 25, 2020, Porgera was placed on care and maintenance after the Government of Papua New Guinea communicated on April 24, 2020 that the Special Mining Lease would not be extended. Refer to our Q1 2022 Report for further information.

2 Cost per tonne mined ($/tonne), cost per tonne processed ($/tonne) and G&A cost per tonne processed ($/tonne) are supplementary financial measures. For further information please refer to endnote #4.

3 Total cash costs per ounce, all-in sustaining costs per ounce, minesite sustaining capital expenditures and project capital expenditures are non-GAAP financial performance measures with no standard meaning under IFRS. For further information, please refer to endnotes #1 and #3.

4 Capital expenditures are presented on a cash basis and are reported at Barrick's share.

Mine Statistics (Gold)

For the three months ended March 31

Loulo-Gounkoto

(80%)Kibali (45%)Tongon (89.7%)

North Mara

(84%)Bulyanhulu

(84%)Buzwagi (84%)

2022

2022

2022

2022

2022

2022

2021

Tonnes mined (thousands)	9,325	9,009	3,806	3,409	9,514	6,573	1,412	248	231	125	-	n/a
Open Pit Ore	735	149	376	261	435	488	709	n/a	n/a	n/a	-	n/a
Open Pit Waste	7,797	8,313	3,079	2,694	9,079	6,085	379	n/a	n/a	n/a	-	n/a
Underground	793	547	351	454	n/a	n/a	324	248	231	125	-	n/a
Strip Ratio	10.61	55.79	8.19	10.32	20.87	12.47	0.53	n/a	n/a	n/a	-	n/a
Cost per tonne mined ($/tonne)1
Open Pit	3.07	3.00	3.51	3.64	3.22	3.34	6.83	n/a	n/a	n/a	-	n/a
Underground	41.92	52.55	55.98	39.11	n/a	n/a	57.09	76.14	98.38	101.41	-	n/a
Tonnes processed (thousands)	995	984	781	894	912	964	598	642	193	110	-	827
Cost per tonne processed ($/tonne)1	22.81	19.82	20.41	16.75	21.96	19.33	22.27	15.66	55.52	60.19	-	16.86
G&A cost per tonne processed ($/tonne)1	8.88	8.92	9.26	7.98	4.34	5.89	15.17	11.45	28.98	42.05	-	2.98
Average grade (grams per tonne)
Open Pit mined	1.73	2.82	1.43	2.55	1.56	2.25	2.13	n/a	n/a	n/a	-	n/a
Underground mined	4.91	4.61	5.88	5.18	n/a	n/a	5.84	3.94	8.25	9.78	-	n/a
Processed2	4.74	5.38	3.37	3.33	1.44	1.82	3.31	3.31	7.76	9.90	-	0.72
Recovery rate (percent)	91%	91%	89%	90%	83%	85%	88%	90%	92%	94%	-	87%
Production (thousands of ounces)	138	154	76	86	35	48	56	62	45	33	-	17
Sales (thousands of ounces)	137	151	73	86	38	48	58	56	55	28	-	17
Cost of sales per ounce ($/oz)	1,088	974	1,137	1,065	2,036	1,510	852	1,061	1,216	1,211	-	1,486
Costs per ounce
Royalties and production taxes	113	107	86	85	75	53	150	152	134	140	-	117
Depreciation	367	366	388	370	366	515	138	222	261	351	-	65
Total cash costs3	721	608	744	691	1,667	995	709	832	847	865	-	1,450
All-in sustaining costs3	982	920	996	856	1,803	1,062	874	1,038	984	957	-	1,467
Capital expenditures ($ millions)4
Minesite sustaining3	33	43	15	11	4	2	7	11	7	2	-	-
Projects3	18	12	4	-	-	-	11	5	4	9	-	-
Total capital expenditures ($ millions)4	51	55	19	11	4	2	18	16	11	11	-	-

1 Cost per tonne mined ($/tonne), cost per tonne processed ($/tonne) and G&A cost per tonne processed ($/tonne) are supplementary financial measures. For further information please refer to endnote #4.

• 2 Includes stockpile processing for Buzwagi.

• 3 Total cash costs per ounce, all-in sustaining costs per ounce, minesite sustaining capital expenditures and project capital expenditures are non-GAAP financial performance measures with no standard meaning under IFRS. For further information, please refer to endnotes #1 and #3.

4 Capital expenditures are presented on a cash basis and are reported at Barrick's share.

Mine Statistics (Copper)

Copper - Total

Lumwana

Zaldívar (50%)Jabal Sayid (50%)For the three months ended March 31

2022

2022

2022

2022

2021

Tonnes mined (thousands)	28,666	29,212	18,645	19,113	9,633	9,770	388	329
Open Pit Ore	9,752	11,458	4,566	6,357	5,186	5,101	n/a	n/a
Open Pit Waste	18,526	17,425	14,079	12,756	4,447	4,669	n/a	n/a
Underground	388	329	n/a	n/a	n/a	n/a	388	329
Strip Ratio	1.90	1.52	3.08	2.01	0.86	0.92	n/a	n/a
Tonnes processed (thousands)	9,776	11,107	5,785	6,355	3,636	4,413	355	339
Average grade	0.63%	0.62%	0.48%	0.44%	0.53%	0.52%	2.64%	2.68%
Recovery rate (percent)	94%	94%	94%	92%	n/a	n/a	93%	93%
Production (millions of pounds)	101	93	57	51	25	24	19	18
Sales (millions of pounds)	113	113	70	69	26	27	17	17
Cost of sales per pound ($/lb)	2.21	2.11	2.20	1.97	2.85	3.03	1.30	1.21
Costs per pound
C1 cash costs1	1.81	1.60	1.86	1.48	2.15	2.25	1.10	1.06
Depreciation	0.54	0.64	0.54	0.69	0.70	0.78	0.28	0.18
All-in sustaining costs1	2.85	2.26	3.16	2.37	2.64	2.47	1.17	1.22
Capital expenditures ($ millions)2
Minesite sustaining1	67	42	57	37	9	3	1	2
Projects1	8	11	-	-	6	11	2	-
Total capital expenditures ($ millions)2	75	53	57	37	15	14	3	2

1 C1 cash costs per pound, all-in sustaining costs per pound, minesite sustaining capital expenditures and project capital expenditures are non-GAAP financial performance measures with no standard meaning under IFRS. For further information, please refer to endnotes #2 and #3.

2 Capital expenditures are presented on a cash basis and are reported at Barrick's share.