Barrick Commissions Africa’s First PhotonAssay Laboratory
PRESS RELEASE
NYSE : GOLD TSX : ABX
All amounts expressed in US dollars unless stated otherwise.
Barrick Commissions Africa’s First PhotonAssay
Laboratory
Bulyanhulu Gold Mine, Tanzania, October 10, 2021 – Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX)
in partnership with MSALABS Ltd has successfully installed a Chrysos PhotonAssay TM laboratory at its
Bulyanhulu mine in Tanzania – the first in Africa and in its global operations.
This new technique delivers faster, safer and more accurate analysis of gold, silver and complementary
elements by non- destructive measurement of larger and more representative samples in as little as two
minutes, enabling rapid turnaround of critical operational information that drives optimization throughout the
mining value chain.
The system provides an environmentally friendly, chemical-free, more sustainable replacement for traditional
fire assay methods, significantly reducing CO2 emissions and hazardous waste.
Introducing the new system to media at the mine, Barrick president and chief executive Mark Bristow said it
was part of the group’s continuing drive to harness technological innovation in the service of operational
excellence, occupational safety and environmental care.
Enquiries
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
COO, Africa and Middle East
Willem Jacobs
+44 779 557 5271
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Website: www.barrick.com
Cautionary Statement on Forward-Looking 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 t han statements of
historical fact, are forward- looking statements. The words “deliver”, “enable”, “optimization”, “provides”, “continue”, “will” and similar
expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without
limitation, with respect to the anticipated benefits of the new PhotonAssay laboratory at Bulyanhulu, including faster, safer and more
accurate sample analysis and resulting improvements in operational efficiency and environmental performance, and other
improvements resulting from Barrick’s focus on technological innovations throughout the group.
Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and
assumptions related to the factors that, while considered reasonable by the Company as at the date of this press release in l ight 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. In addition, there are risks and hazards associated with the business of mineral exploration, development and mi ning,
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.