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Barrick Expands Global Footprint for High Quality Assets, Canadian Business Journal

Toronto, March 18, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) will develop a capital project to expand and enhance its operating platform, which it already owns. Continues to invest in. Mark Bristow, President and Chief Executive Officer, says it is the best asset in the industry.

Company’s 2021 Annual ReportBristow, released today, states that while building on this value foundation, Barrick has expanded its presence into new and promising areas in search of quality assets.

“The Asia-Pacific expert team, set up to consider opportunities in the region, has obtained exploration permits in Japan and is looking for more opportunities in the region, as well as with Nuvia in North Africa and the Middle East. We are investigating projects that transcend the Arabian shield. We are particularly focused on exploration in Latin America and our team has a target portfolio at El Indiobelt along the Argentine-Chile border. We are also testing. We have also added land to Peru and have begun fieldwork on new projects in Gaiana and Sulinum. “

“We are working on a clear strategy to grow our business in Canada, which I believe is under-invested. We have an important exploration portfolio in the country and our team. Is also considering other opportunities in the country. “

According to Bristow, Barrick is planning and advancing a clear path to achievable greenhouse gas emission reduction goals, and years of commitment to environmental, social and governance (ESG) principles are on all businesses. Influencing decisions.

“The social elements of ESG tend to be overshadowed by environmental factors, but what is very important to Barrick is the socio-economic status of the developing host country and many of our sustainability strategies. Aims to ensure hosting. The community will not be adversely affected by the transition to a global green economy. “

“Our willingness to hire the next generation of mining talent is stable, with 56% of our employees under the age of 40 and 19% under the age of 30. Gender diversity continues to grow over time. And last year, 17% of the world’s new hires were women. Barrick is a lean regional team designed for agility and focused on creating value for all stakeholders. We believe that by empowering people to thrive in a decentralized structure, “says Bristow.

Barrick’s 2021 Annual Report, Annual Information Form, and Form 40-F are now available on SEDAR (www.sedar.com) and EDGAR (www.sec.gov), respectively. Updated National Instrument 43-101 Technical Report for each of the Kivali Gold Mine and Cortez Complex as of December 31, 2021 is also available in SEDAR and EDGAR.

To access the above documentation, please visit www.barrick.com. Shareholders may also receive a free copy of Barrick’s audited financial statements upon request to Barrick’s Investor Relations Department, 161 Bay Street, Suite 3700, Toronto, Ontario, M5J 2S1, or investor@barrick.com. I can do it.

inquiry

President and Chief Executive Officer
Mark Bristow
+1 647 205 7694
+44 788 071 1386

Senior EVP and CFO
Graham Shuttle Worth
+1 647 262 2095
+44 779 771 1338

Investor-Media Relationship
Kathy du Presis
+44 20 7557 7738
Email: barrick@dpapr.com

Website: www.barrick.com

Precautions regarding future prospects

Certain information contained in or incorporated by reference in this press release, including information about our strategies, projects, plans, or future financial or operating results, constitutes a “forward-looking statement.” To do. All statements except historical facts are forward-looking statements. “Expand”, “Continue”, “Do”, “Test”, “See”, “Investigate”, “Focus”, “Work”, “Strategy”, “Grow”, “Drive” , “Believe,” “objective,” “authorize,” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements, including but not limited to: Africa and the Middle East, Latin America and Canada. Barrick focuses on the socio-economic development of the host country, in line with its vision of sustainability. Barrick’s greenhouse gas emission reduction target. Barrick’s initiative to increase workforce diversity in line with sustainability strategies to create value for all stakeholders. Barrick’s future plans, growth potential, financial strength, investment and overall strategy. And expectations regarding future price assumptions, financial performance and other outlooks or guidance.

While forward-looking statements are considered reasonable by the Company as of the date of this press release in the light of management’s experience and perceptions, they are inevitably important in relation to the factors listed below: It is based on many estimates and assumptions, including various estimates and assumptions. Current conditions and expected developments are subject to inherently significant business, economic and competitive uncertainties and contingencies. Known and unknown factors can cause actual results to differ materially from those predicted in forward-looking statements, and such statements and information should not be overly relied upon. Such factors include, but are not limited to: Fluctuations in spot and forward prices of gold, copper, or other specific commodities (silver, diesel fuel, natural gas, electricity, etc.). The speculative nature of mineral exploration and development. Changes in mineral production performance, development and exploration success. Decreased reserves or grade of reserves. Operational or technical issues related to mining or development activities. Failure to comply with environmental, health and safety laws and regulations. Changes in national and local government laws, taxes, regulations or regulations, and / or changes in the management of laws, policies and practices. Expropriation or nationalization of property, and political or economic development in Canada, the United States, and other jurisdictions in which we or our affiliates may operate or continue to operate in the future. Lack of certainty regarding foreign legal systems, corruption, and other factors that contradict the rule of law. Risks associated with new illnesses, epidemics, and pandemics, including the impact and potential impact of the global Covid-19 pandemic. Our ability to successfully integrate acquisitions or complete sales. Risks associated with working with partners on co-managed assets. Increased costs and physical risks, including extreme weather events and resource depletion associated with climate change. The company’s ability to achieve climate-related and greenhouse gas emission reduction targets. Increased availability and costs associated with mining inputs and labor. In addition, there are risks and hazards associated with mineral exploration, development and mining operations, including environmental hazards, occupational accidents, anomalous or unexpected formations, pressures, depressions, floods and gold bullion, copper cathodes or gold or copper concentrates. .. Loss (and insufficient insurance to cover these risks, or the risk of not being able to get insurance). We also warn that the 2022 guidance may be affected by the unprecedented business and social turmoil caused by the Covid-19 epidemic.

Many of these uncertainties and contingencies may affect our actual results, and the actual results are expressed or expressed in statements regarding future prospects made by or on our behalf. It can be very different from what is implied. Readers should note that forward-looking statements do not guarantee future performance. All forward-looking statements made in this press release are qualified by these notes. The latest Form 40-F has been submitted to the SEC and Canadian State Securities Regulators for more information on some of the factors underlying the forward-looking statement and the risks that may affect Barrick’s capabilities. / Please refer to the annual information form specifically. To achieve the expectations set forth in the forward-looking statements contained in this press release. We disclaim any intention or obligation to update or revise any forward-looking statement as a result of new information, future events, or otherwise, except as required by applicable law.


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Barrick Expands Global Footprint for High Quality Assets, Canadian Business Journal

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