Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) Barrick Joins Fight Against Covid-19 in Zambia
NEWS RELEASE
All amounts expressed in US$
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX)
Barrick Joins Fight Against Covid-19 in Zambia
Lusaka, Zambia – April 7, 2020 – Barrick Gold Corporation’s country manager for Zambia, Nathan Chishimba,
today handed a cheque for US$530,000 to Minister of Health Hon Dr Chitalu Chilufya, Minister of Mines &
Mineral Development Hon Richard Musukwa and Provincial Minister Hon Nathaniel Mubukwanu. The donation
is designed to support the country in combating and containing the Covid-19 pandemic.
At the ceremony, Chishimba said Barrick had already introduced extensive measures to protect workers and
their families living in and around its Lumwana mine against the virus.
“As a committed partner to Zambia we would also like to make a contribution to the government’s fight against
the pandemic. We are consequently funding the provision of medical equipment to the value of US$340,000
at the national level, US$100,000 for the North-Western province and US$90,000 for the Kalumbila district,” he
said.
Barrick’s chief operating officer for Africa and the Middle East, Willem Jacobs, said the company was engaging
with Zambia’s national Covid-19 taskforce to convert its support into immediate action. Its senior management
in Zambia was already working closely with the local health authorities.
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Cautionary Statement on Forward-Looking Information
Certain information contained in this press release, including any information as to Barrick’s strategy 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”, “design”, “would”, “engage”, “convert” ““contain”, “will”, and similar expressions identify forward-looking
statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to financial
support and preventative measures implemented by Barrick to combat and contain the Covid-19 pandemic in Zambia, including by
funding the provision of medical equipment at the national, provincial and district levels and engaging with Zambia’s national Covid-19
taskforce and local health authorities while maintaining the Zambian mine operational.
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 Zambia; 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; 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,
BARRICK GOLD CORPORATION NEWS RELEASE
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.