Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today published its
2020 “Communication on Progress” report for the United Nations
Global Compact (UNGC), setting out the advances it has made towards
the UNGC’s Ten Principles on human rights, labour, the environment
and anti-corruption.
Introducing the report, Barrick president and chief
executive Mark Bristow says 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 in the
management of all its operations.
The report, which is the first Global Compact
Advanced-level Communication on Progress, details the key actions
taken by Barrick in 2020, which included updating its climate
change strategy and setting a new greenhouse gas emissions
reduction target of 30% 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 are set to be in place by the end of this
year and all these sites have now been certified to the ISO
14001:2015 standard.
Barrick has also updated its human rights policies
and training, and introduced new management standards aligned with
the Voluntary Principles of the Plenary Committee. Community
development committees, representing local stakeholders, have been
established at all operational sites to select investment projects,
in line with the company’s partnership philosophy.
These actions and how they support the UN
Sustainable Development Goals are further described in our 2020
Sustainability Report.
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 press release, including any information as to our
sustainability strategy and vision, 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 “advance”,
“strategy”, “set to be in place”, “target”, “will”, “can”,
“should”, “could”, “would”, 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 sustainability 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) the estimated timing to
achieve environmental, social and energy reduction targets,
including our greenhouse gas emission reduction targets.
Forward-looking statements are necessarily based
upon a number of estimates and assumptions 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: 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; 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 Barrick does or may
carry on business in the future; risks associated with diseases,
epidemic and pandemics, including the effects and potential effects
of the global Covid-19 pandemic; risk of loss due to acts of war,
terrorism, sabotage and civil disturbances; 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; whether
benefits expected from recent transactions are realized; employee
relations; increased costs and physical risks, including extreme
weather events and resource shortage, related to climate change;
risks associated with artisanal and illegal mining; fluctuations in
the spot and forward price of gold, copper, or certain other
commodities (such as silver, diesel fuel, natural gas, and
electricity); the speculative nature of mineral exploration and
development; changes in mineral production performance,
exploitation, and exploration successes; diminishing quantities or
grades of reserves; 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; timing of
receipt of, or failure to comply with, necessary permits and
approvals; non-renewal of key licences by governmental authorities;
failure to comply with environmental and health and safety laws and
regulations; and our ability to successfully close and integrate
acquisitions or complete divestitures. 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 Gold Corporation 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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