All amounts expressed in U.S. dollars
Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the
“Company”) has published its annual Sustainability Report, which
provides a detailed and transparent look at the Company’s
environmental and social performance over the past year. To view
the report, please visit www.barrick.com.
“At Barrick, our sustainability strategy
emphasizes partnerships with host governments and communities, to
transform their natural resources into sustainable benefits and
mutual prosperity,” said Peter Sinclair, Chief Sustainability
Officer. “Doing so helps us gain local trust and confidence, leave
a positive legacy, keep our operations running smoothly, and
protect our ability to grow. Our Sustainability Report, now in its
16th year, is an important way to update our partners on the
progress we made in 2017, and what we aim to achieve in 2018 and
beyond.”
Safety and Environment
The safety of people and protecting the
environment are our top priorities. In support of this, we are
integrating digital technology and innovation to manage our
operations according to international standards and partner
expectations.
- In 2017, Barrick’s total reportable injury frequency rate of
0.351 was the lowest in the Company’s history. This was tragically
overshadowed by the deaths of Eulogio Gutierrez at the Hemlo mine
in Canada, and Williams Garrido at the Pascua-Lama project in
Chile. We continue to work to meet our goal of every person going
home safe and healthy every day, with a redoubled focus on
life-saving controls in 2018.
- In 2017, the Company developed a climate change strategy that
includes a goal of reducing our greenhouse gas emissions by 30
percent by 2030 from our 2016 baseline.
Share the Benefits
Our business runs on long-term and trust-based
partnerships, and sharing the benefits of our operations is an
important way to facilitate this. That is why, at the invitation of
governments and communities, we partner to transform resources into
long-term value, through buying and hiring locally, investing in
community priorities, and paying our fair share of taxes.
- In 2017, the Company contributed more than $5.1 billion to
national economies in the countries where we operate. This included
more than $350 million in goods and services purchased from
small-scale suppliers living near our sites, and more than $1.1
billion in taxes and royalties paid to governments.
- In 2017, 97 percent of the people who work at our operations
came from the communities and countries where we operate, with over
60 percent coming from the local communities closest to our
mines.
Additional information on how we are sharing the
benefits of mining with our partners is available in the data
tables on our website.
Engage with Respect
Having the support and confidence of our host
communities and governments is essential to our operational
success. To build this trust, we believe in engaging transparently
and openly with all of our partners.
- Six Barrick-operated sites run community water monitoring
programs. We believe that inviting the community in, and making
them part of the process, is the best way to build and sustain
trust.
- Our sustainability performance is open to third-party scrutiny,
including through the ISO 14001 process, International Cyanide
Management Code audits, annual third-party human rights impact
assessments, and independent assurance of the 2017 Sustainability
Report.
Join our Sustainability
Briefing
The Company will be hosting a Sustainability
Briefing tomorrow at 10:00 am ET. To watch the webcast, please
visit www.barrick.com.
INVESTOR CONTACTDeni
NicoskiSenior Vice PresidentInvestor RelationsTelephone:
+1 416 307-7474Email: dnicoski@barrick.com
MEDIA CONTACTAndy
Lloyd Senior Vice PresidentCommunicationsTelephone: +1 416
307-7414Email: alloyd@barrick.com
Endnote 1
Total reportable incident frequency rate (TRIFR)
is a ratio calculated as follows: number of reportable injuries x
200,000 hours divided by the total number of hours worked.
Reportable injuries include fatalities, lost time injuries,
restricted duty injuries, and medically treated injuries.
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press
release, including any information as to our strategy, projects,
plans or future financial or operating performance, constitutes
“forward-looking statements“. All statements, other than statements
of historical fact, are forward-looking statements. The words
“strategy”, “aim”, “goal”, “continue”, “believe”, “will”, “can”,
and similar expressions identify forward-looking statements. In
particular, this press release contains forward-looking statements
including, without limitation, with respect to: (i) Barrick’s
environmental, health and safety, corporate social responsibility
(including sustainable development, community relations and
security matters), and human rights programs, policies and
performance; (ii) the estimated timing to achieve environmental,
social and energy reduction targets; and (iii) the potential impact
and benefits of integrating digital technology and innovation.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions 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: failure to comply with environmental and health and
safety laws and regulations; 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; risks associated with the implementation of Barrick's
digital transformation initiative; 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; risks associated with working with partners in
jointly controlled assets; increased costs and physical risks,
including extreme weather events and resource shortages, related to
climate change. 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 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.
Barrick disclaims 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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