Barrick announces significant progress on the United Nations Global Compact


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TORONTO, June 02, 2021 (GLOBE NEWSWIRE) – Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) today released its Report 2020 “Communication on Progress” for the United Nations Global Compact (UNGC), outlining its progress towards the ten UNGC principles on human rights, labor, the environment and the fight against corruption.

Introducing the report, Barrick President and CEO Mark Bristow said the company has been a signatory to the Compact since 2005 and the principles, which are in line with Barrick’s sustainability strategy, have been incorporated into the management of all its operations.

The report, which is the first advanced-level communication on the progress of the Global Compact, details key actions Barrick is taking in 2020, including updating its climate change strategy and setting a new reduction target. 30% greenhouse gas emissions by 2030. Water reporting has been aligned with the standards of the International Council on Mining and Metals (ICMM) water accounting framework. Biodiversity action plans for all operational sites should be in place by the end of this year and all these sites are now certified according to the ISO 14001: 2015 standard.

Barrick also updated its human rights policies and training and introduced new management standards aligned with the voluntary principles of the Committee of the Whole. Community development committees, representing local stakeholders, have been set up at all operational sites to select investment projects, in accordance with the company’s partnership philosophy.

These actions and how they support the United Nations Sustainable Development Goals are described in more detail in our Sustainable development report 2020.

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Investor and media relationsKathy du Plessis + 44 20 7557 7738 Email: [email protected]

Website: www.barrick.com

Caution regarding forward-looking information

Certain information contained or incorporated by reference in press releases, including any information relating to our sustainable development strategy and vision, our projects, our plans or our future financial or operational performance, constitute “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “move forward”, “strategy”, “put in place”, “target”, “will”, “may”, “should”, “could”, “should” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements, including without limitation, regarding: (i) Barrick’s sustainable development strategy and vision; (ii) Barrick’s environmental, health and safety, corporate social responsibility and human rights programs, policies and performance; (iii) Barrick’s climate change strategy and associated greenhouse gas emission reduction targets and (iv) estimated timeframe for meeting environmental, social and energy reduction targets, including our targets for reduction of greenhouse gas emissions.

Forward-looking statements are necessarily based on a number of estimates and assumptions which, although considered reasonable by Barrick as of the date of this press release in light of management’s experience and perception of the conditions. current and expected developments, are intrinsically subject to important activities, uncertainties and economic and competitive uncertainties. Known and unknown factors could cause actual results to differ materially from those projected in forward-looking statements, and such statements and information should not be relied on unduly. Such factors include, but are not limited to: damage to Barrick’s reputation as a result of the actual or perceived occurrence of a number of events, including negative publicity regarding Barrick’s handling of environmental matters or relationships with community groups, whether real or not; changes in laws, taxation, controls or regulations of national and local governments, and / or changes in the administration of laws, policies and practices; expropriation or nationalization of property and political or economic developments in Canada, the United States and other jurisdictions in which Barrick does or may do business in the future; risks associated with disease, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; risk of loss through acts of war, terrorism, sabotage and civil unrest; litigation and judicial and administrative proceedings; disputes over title to property, particularly title to undeveloped properties, or access to water, electricity and other required infrastructure; risks associated with working with partners in jointly controlled assets; whether the expected benefits of recent transactions are realized; employee relations; increasing costs and physical risks, including extreme weather events and resource scarcity, associated with climate change; the risks associated with artisanal and illegal mining; fluctuations in spot and forward prices for gold, copper or certain other commodities (such as silver, diesel fuel, natural gas and electricity); the speculative nature of mining exploration and development; changes in the performance of mineral production, mining and exploration successes; reduction in the quantities or contents of reserves; increasing costs, delays, suspensions and technical challenges associated with the construction of capital projects; operational or technical difficulties associated with operations or development activities, including geotechnical challenges, failures of tailings dams and storage facilities, and interruptions in maintenance or provision of infrastructure and systems IT requirements; the time of receipt or failure to comply with the necessary authorizations and approvals; non-renewal of key licenses by government authorities; failure to comply with environmental, health and safety laws and regulations; and our ability to successfully complete and integrate acquisitions or divestitures. In addition, there are risks and dangers associated with exploration, development and mining activities, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, collapses, floods and gold bullion, copper cathode or gold or copper concentrate. losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover these risks). Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ materially from those expressed or implied in forward-looking statements made by or on our behalf.

Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements contained in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F / Annual Disclosure Form filed with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of some of the factors underlying forward-looking statements and risks that may affect Barrick’s ability to meet the expectations set forth in the forward-looking statements contained in this press release.

Barrick Gold Corporation disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Source: Barrick Gold Company


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