News Summary

• Barrick’s Board of Directors has approved an increase to the existing share repurchase program in the amount of $500 million.
• The Board will consider the size and scope of any 2026 program when it meets in February 2026.
• The actual number of shares that may be purchased, if any, and the timing of such purchases, will be determined by Barrick based on a number of factors.
• Barrick believes that, from time to time, its common shares trade at prices that may not adequately reflect their underlying value.