Nevada Gold Mines (NGM) is working with the state of Nevada and its
stakeholders to identify immediate needs and provide financial and
logistical support to mitigate the impact of the Covid-19 pandemic
on its local communities.
Executive Managing Director Greg Walker said
NGM, the largest global gold producing complex and a joint venture
between Barrick Gold Corporation (61.5%) and Newmont Corporation
(38.5%) and operated by Barrick, was a committed partner of the
state, the region and the community, and recognized that
extraordinary times called for extraordinary measures.
“We have ensured that our operations are working
as safely and responsibly as possible but it is not only our
employees that we are concerned about — we are also using our
resources to support our friends and neighbors, and particularly
the seniors, the homeless and Native Americans,” he said.
At the State level, NGM has
committed an initial $1.5 million to the Nevada Covid-19 Response,
Relief and Recovery Task Force, as well as offering to support the
effort through our supply chain and other resources. Recently
announced by Governor Steve Sisolak, the Task Force brings together
community and business leaders to help find solutions to the
pandemic.
In Northern Nevada, it is
developing a framework for an ‘I-80 Fund’ to assist small
businesses along the I-80 Corridor affected by the Covid-19
pandemic, as well as seeking to support solutions to the childcare
and rural health care challenges in the region.
In Elko, Battle
Mountain, and Winnemucca, the closest
towns to NGM’s operations, the JV has to date committed a total of
$275,000 to support these local communities with food supplies and
other basic necessities, particularly those most impacted including
seniors, the homeless and Native Americans.
In Southern Nevada, it has
committed $100,000 to Three Square Food Bank.
Enquiries:
Catherine RawCOO, North America+1 416 307
5157Email: craw@barrick.com
Greg WalkerExecutive Managing Director, Nevada
Gold Mines+1 702 526 3194Email:
gwalker@nevadagoldmines.com
Kathy du PlessisInvestor and media relations+44
20 7557 7738Email: barrick@dpapr.com
Website:
www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press
release, including any information as to Barrick’s strategy,
emergency response 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 “support”, “commit”,
“ensure”, “prepare”, “develop”, “engage” and similar expressions
identify forward-looking statements. In particular, this press
release contains forward-looking statements including, without
limitation, with respect to financial and logistical support
provided by Nevada Gold Mines to mitigate the impact of the
Covid-19 pandemic on its local communities and partnerships with
state, regional and community stakeholders.
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 Barrick 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: the risks associated with Covid-19 and
other infectious diseases presenting as major health issues;
failure to comply with environmental and health and safety laws and
regulations; operating or technical difficulties in connection with
mining or development activities, including geotechnical
challenges, and disruptions in the maintenance or provision of
required infrastructure and information technology systems; 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 the United
States; risk of loss due to acts of war, terrorism, sabotage and
civil disturbances; timing of receipt of, or failure to comply
with, necessary permits and approvals; litigation and legal and
administrative proceedings; damage to the Barrick’s reputation due
to the actual or perceived occurrence of any number of events,
including negative publicity with respect to the Barrick’s handling
of environmental matters or dealings with community groups, whether
true or not; contests over title to properties, particularly title
to undeveloped properties, or over access to water, power, and
other required infrastructure; employee relations including loss of
key employees; increased costs and physical risks, including
extreme weather events and resource shortages, related to climate
change; 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.
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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