Toronto, April 1, 2022 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) (“Barrick”) – Barrick’s vision to become the world’s most valuable gold and copper company Good ESG management is essential. John Thornton, Executive Chairman of the company’s 2022 Information Circular, was published today and is now available at www.barrick.com/agm, SEDAR (www.sedar.com) and EDGAR (www.sec.gov). Has also been submitted.
ESG principles have long been firmly rooted in Barrick’s commitment to partnership-based business goals. This is a philosophy based on engagement, transparency and compassion, not only for the shareholders who own the company, but also for other stakeholders such as employees, host countries, communities around mines, and business partners of the company.
“A strict focus on performance and implementation of our sustainability strategy allows us to build and maintain credible long-term partnerships with all stakeholders,” says Thornton. .. “In the industry’s first Sustainability Report for 2019, we published an open and honest assessment of our behavior in the form of scorecards. The third of these scorecards appears in the 2021 Sustainability Report. 2022. Like its predecessor, the 2021 Report objectively tracks progress on key indicators, highlights areas that need improvement, and gives stakeholders valuable insights into this important part of our business. Shows Barrick’s commitment to ESG leadership. “
In the Information Circular, Reed Independent Director Brett Harvey said the board continues to focus on board renewal and diversity. Since the merger with Landgold, she has appointed six new directors, including three women. Currently, female directors make up 27% of the board and 33% of independent directors.
“Barrick’s human capital strategy, including approaches to promoting diversity, continues to be a key factor in enabling positive change,” says Harvey. “By prioritizing local employment, 96% of our employees are nationals of the host country, which naturally fosters the ethnic and cultural diversity of our employees.”
This annual meeting will be re-virtualized to mitigate the ongoing public health concerns associated with the pandemic and the health risks to all stakeholders. The company monitors the situation carefully and provides a physical location if the situation permits. Information Circular details how to participate, vote, and contact the board and company.
Barrick’s 2022 Ordinary General Meeting of Shareholders will be held on May 3, 2022 at 10 am (Toronto time) at web.lumiagm.com/476307397. A live webcast of the conference is also available at www.barrick.com/agm.
President and Chief Executive Officer
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Graham Shuttle Worth
Senior EVP and CFO
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Kathy du Presis
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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. Expressions such as “commit”, “vision”, “activation”, “development”, “maintenance”, “will”, “focus”, “promotion”, “activation” indicate future prospects. increase. In particular, this press release contains forward-looking statements, including but not limited to: Barrick’s vision of being the most valuable mining company in the world. Barrick’s Sustainability Strategy and the Expected Benefits of Sustainability Scorecards. Barrick focuses on increasing the diversity of the board and workforce. Barrick’s intention to make physical space available for the Annual Shareholders’ Meeting on May 3, 2022, if circumstances relating to Covid-19 permit.
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 necessarily related to the factors listed below. It is based on many estimates and assumptions, including important 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. Increased costs, delays, outages, and technical challenges associated with the construction of capital projects. Operational or technical issues related to mining or development activities, including geoengineering challenges and interruptions in the maintenance or provision of required infrastructure and information technology systems. Failure to comply with environmental, health and safety laws and regulations. Non-renewal of major licenses by government authorities. 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 the company or its affiliates may conduct or continue to do business in the future. Timing of failure to receive or comply with the required permits and approvals. Uncertainty about whether some or targeted investments and projects meet the company’s capital allocation targets and internal hurdle rates. Lack of certainty regarding foreign legal systems, corruption, and other factors that contradict the rule of law. Risks associated with illegal and craftsmanship mining. Risks associated with new illnesses, epidemics, and pandemics, including the impact and potential impact of the global Covid-19 pandemic. Damage to the company’s reputation due to the occurrence of numerous actual or recognized events, including negative publicity regarding the handling of the company’s environmental issues or dealings with community groups. Future exploration results may not match company expectations. Risk of loss due to war, terrorism, sabotage, and civil war. Proceedings; dispute over ownership of real estate, especially ownership of undeveloped real estate, or access to water, electricity and other necessary infrastructure. Our ability to successfully integrate acquisitions or complete sales. Risks associated with working with partners on co-managed assets. Employee relationships, including the loss of key employees. Increased costs and physical risks, including extreme weather events and resource depletion associated with climate change. 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).
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. Some factors underlying the forward-looking statement and the ability of the company to meet the expectations set forth in the forward-looking statement 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 is committed to ESG leadership, said Executive Chairman of the Canadian Business Journal.
Source link Barrick is committed to ESG leadership, said Executive Chairman of the Canadian Business Journal.