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Latin America & Asia Pacific

LATIN AMERICA & ASIA PACIFIC

While Nevada is Barrick’s value foundation, Latin America promises it growth. Pueblo Viejo in the Dominican Republic, another Tier One asset, offers enormous upside through an ambitious plant and tailings expansion project, while Veladero in Argentina has had its life extended by a pit pushback at Cuatro Esquinas. This region holds the potential for further world-class discoveries and Barrick’s exploration teams are hard at work in Argentina, Chile and Peru as well as in the Dominican Republic. Across the Pacific Ocean in Papua New Guinea, Barrick is in the process of negotiating a 20-year mining lease extension for Porgera, where there is lots of scope for Life of Mine extensions.

2019 LATIN AMERICA AND ASIA PACIFIC PRODUCTION1: 1.4Moz

2019 Latin America and Asia Pacific Production

1 Attributable gold production excludes the impact of Lagunas Norte, which was placed in care and maintenance during the year. Barrick also sold its interest in Kalgoorie in 2019.
2 Tier One mine.
3 Production is presented on a 100% basis.

2019 was a transformational year in the newly formed Latin America and Asia Pacific region where the new operating model was implemented with immediate positive results.
Mark Hill
COO Latin America and Asia Pacific

5-YEAR GOLD PRODUCTION FORECASTviii

5-Year Gold Production Forecast

iii, v, viii, x Please see endnotes (PDF)
1 Gold capital expenditure includes project and sustaining capital expenditure across the Latin America and Asia Pacific region but does not include capital expenditure related to Zaldívar.

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.

ATTRIBUTABLE MINERAL RESOURCES AND RESERVES2,ix

Attributable Mineral Resources and Reserves

2 Mineral resources are inclusive of mineral reserves.

ATTRIBUTABLE PRODUCTION3

Attributable Production

COST OF SALES, TOTAL CASH COSTS AND AISC3

Cost of Sales, Total Cash Costs and AISC

3 Excludes the impact of Lagunas Norte, which was placed on care and maintenance during 2019. Barrick also sold its interest in Kalgoorie in 2019.
iii, v, viii, x Please see endnotes (PDF)