Barrick’s Mali Operations Honoured by Government for Tax Citizenship
February 28 2023 - 9:35AM
Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – Barrick’s
Loulo-Gounkoto gold mining complex, as one of the largest taxpayer
in Mali, has been formally thanked by the government for its role
in enabling the tax department to achieve its revenue targets for
2022.
In a ceremony at Barrick’s Bamako office, the
country’s director of large enterprises presented both Loulo and
Gounkoto with certificates of recognition honouring what was
described as their high level of tax citizenship and expressing the
hope that this productive partnership between the mines and the
government would continue.
Barrick, through its legacy company Randgold, has
been operating in Mali for more than a quarter of a century and
during that time has made a major contribution to the development
of the country’s economy and its mining industry.
Enquiries
Investor and Media RelationsKathy du Plessis+44 20
7557 7738Email: barrick@dpapr.com
Group Regional Manager West Africa Mahamadou Samaké
+223 66 75 61 36
Website: www.barrick.com
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Information
Certain information contained or incorporated by
reference 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 “enable”, “hope”, “honour”,
“recognize”, “develop” and similar expressions identify
forward-looking statements. In particular, this press release
contains forward-looking statements including, without limitation,
with respect to Loulo-Gounkoto’s productive partnership with the
government of Mali and the Complex’s potential to continue to make
major contributions to the country’s economy and mining
industry.
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: fluctuations in the spot
and forward price of gold, copper, or certain other commodities
(such as diesel fuel, natural gas, and electricity); the
speculative nature of mineral exploration and development; changes
in mineral production performance, exploitation, and exploration
successes; 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 Mali and other jurisdictions in which the Company or its
affiliates do or may carry on business in the future; risk of loss
due to acts of war, terrorism, sabotage and civil
disturbances; risks associated with new diseases, epidemics
and pandemics, including the effects and potential effects of the
global Covid-19 pandemic; litigation and legal and administrative
proceedings; 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
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