Barrick Publishes GISTM TSF Disclosures
04 August 2023 - 6:00PM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today published
site-level tailings storage facility (TSF) disclosures, in
accordance with Principle 15 of the of the Global Industry Standard
on Tailings Management (GISTM).
Group sustainability executive Grant Beringer said:
“Barrick is making these disclosures to provide public access to
information about our tailings facilities in line with our
commitment to transparency.”
As a member of the International Council on Mining
and Metals (ICMM), Barrick participated in the development of the
GISTM. All of the company’s facilities classified as ‘Very High’
and ‘Extreme’ consequence under the standard conform to the
requirements of the GISTM. Disclosures for lower consequence
facilities will be completed by August 2025 or sooner, also in
accordance with the GISTM.
“Even prior to the launch of the GISTM we
painstakingly assessed every aspect of how we locate, design,
construct, monitor, manage and close our tailings facilities. The
launch of the GISTM in August 2020 confirmed that the internal
tailings management standard Barrick first issued in 2012 is indeed
world-class,” president and chief executive Mark Bristow said.
The TSF disclosures are available at
www.barrick.com/tailings-disclosures.
Enquiries
Investor and Media RelationsKathy du Plessis+44 20
7557 7738Email: barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained or incorporated by
reference in this press release, including any information as to
our strategy, projects, plans or future operating performance,
constitutes “forward-looking statements”. All statements, other
than statements of historical fact, are forward-looking statements.
The words “launch”, “provide”, “will”, “commitment”, “conduct”,
“review” and similar expressions identify forward-looking
statements. In particular, this press release contains
forward-looking statements including, without limitation, with
respect to: Barrick’s management of its tailings storage facilities
including through the review and assessment of the location,
design, construction, monitoring, management and closure of the
facilities that it owns or operates; Barrick’s site-level tailings
facility disclosures under the GISTM and the anticipated benefits
and timing of those disclosures; and Barrick’s commitment to
sustainable development and safety.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions including material
estimates and assumptions related to the factors set forth below
that, while considered reasonable by the Company as at the date of
this press release in light of management’s experience and
perception of current conditions and expected developments, are
inherently subject to significant business, economic and
competitive uncertainties and contingencies. Known and unknown
factors could cause actual results to differ materially from those
projected in the forward-looking statements and undue reliance
should not be placed on such statements and information. Such
factors include, but are not limited to: risks associated with
projects in various stages of evaluation and for which additional
engineering and other analysis is required; increased costs,
delays, suspensions and technical challenges associated with the
construction of capital projects; operating or technical
difficulties in connection with mining or development activities,
including geotechnical challenges, tailings dam and storage
facilities failures, and disruptions in the maintenance or
provision of required infrastructure and information technology
systems; increased costs, delays, suspensions and technical
challenges associated with the construction of capital projects;
failure to comply with environmental and health and safety laws and
regulations; non-renewal of key licenses by governmental
authorities, timing of receipt of, or failure to comply with,
necessary permits and approvals; changes in national and local
government legislation, taxation, controls or regulations 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 the Company or its affiliates do or may
carry on business in the future; increased costs and physical and
transition risks related to climate change, including extreme
weather events, resource shortages, emerging policies and increased
regulations relating to related to greenhouse gas emission levels,
energy efficiency and reporting of risks; lack of certainty with
respect to foreign legal systems, corruption and other factors that
are inconsistent with the rule of law; risks associated with
illegal and artisanal mining; risks associated with new diseases,
epidemics and pandemics, including the effects and potential
effects of the global Covid-19 pandemic; the liability associated
with risks and hazards in the mining industry, and the ability to
maintain insurance to cover such losses; disruption of supply
routes which may cause delays in construction and mining
activities; damage to the Company’s reputation due to the actual or
perceived occurrence of any number of events, including negative
publicity with respect to the Company’s handling of environmental
matters or dealings with community groups, whether true or not;
risk of loss due to acts of war, terrorism, sabotage and civil
disturbances; risks related to operations near communities that may
regard Barrick’s operations as being detrimental to them;
litigation and legal and administrative proceedings; contests over
title to properties, particularly title to undeveloped properties,
or over access to water, power and other required infrastructure;
risks associated with working with partners in jointly controlled
assets; employee relations including loss of key employees; and
availability and increased costs associated with mining inputs and
labor. In addition, there are risks and hazards associated with the
business of mineral exploration, development and mining, including
environmental hazards, industrial accidents, unusual or unexpected
formations, pressures, cave-ins, flooding and gold bullion, copper
cathode or gold or copper concentrate losses (and the risk of
inadequate insurance, or 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 any forward-looking
statements made by, or on behalf of, us. Readers are cautioned that
forward-looking statements are not guarantees of future
performance. All of the forward-looking statements made in this
press release are qualified by these cautionary statements.
Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial
securities regulatory authorities for a more detailed discussion of
some of the factors underlying forward-looking statements and the
risks that may affect Barrick’s ability 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 statements whether as a result of new
information, future events or otherwise, except as required by
applicable law.
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