Barrick Reports Union Action at Veladero Mine
BARRICK GOLD CORPORATION PRESS RELEASE
PRESS RELEASE — May 29, 2017
Barrick Reports Union Action at Veladero Mine
TORONTO — Barrick Gold Corporation (NYSE:ABX)(TSX:ABX) (“Barrick” or the “Company”)
reports that on Sunday, May 28, one of several unions representing employees at the
Veladero mine in San Juan province, Argentina, initiated an unplanned work stoppage. Barrick
is in dialogue with the union leadership to seek a timely resolution to the situation.
Construction works in the heap leach valley that are necessary for the resumption of full
operations at Veladero are not affected by the work stoppage . There is no change to our
anticipated timeline for the resumption of normal leaching activit ies in the second half of
June, subject to approval by San Juan regulatory and judicial authorities. Leaching activities
at Veladero have been restricted since March 29, after a pipe carrying processing solution at
the mine’s heap leach facility failed.
INVESTOR CONTACT MEDIA CONTACT
Daniel Oh
Senior Vice President
Investor Engagement and Governance
Telephone: +1 416 307-7474
Email: [email protected]
Andy Lloyd
Senior Vice President
Communications
Telephone: +1 416 307-7414
Email: [email protected]
BARRICK GOLD CORPORATION PRESS RELEASE
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information as to our
strategy, projects, plans or future operating performance, constitutes “forward-looking
statements”. All statements, other than statements of historical fact, are forward-looking
statements. The words “seek”, “will”, “anticipated” and similar expressions identify forward-
looking statements. In particular, this press release contains forward-looking statements
including, without limitation, with respect to Barrick’s forward-looking operating guidance for
its Veladero mine. 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: employee relations including loss of key employees; failure to comply with
environmental and health and safety laws and regulations; timing of receipt of, or failure to
comply with, necessary permits and approvals; litigation; damage to the Company’s reputation
due to the actual or perceived occurrence of any number of events, including negative
publicity with respect to the Company’s handling of environmental matters or dealings with
community groups, whether true or not; availability and increased costs associated with
mining inputs and labor; 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
Argentina, Canada, the United States and other jurisdictions in which the Company does or
may carry on business in the future; lack of certainty with respect to foreign legal systems,
corruption and other factors that are inconsistent with the rule of law; risk of loss due to acts
of war, terrorism, sabotage and civil disturbances; risks associated with working with partners
in jointly controlled assets; the speculative nature of mineral exploration and development;
changes in mineral production performance; 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 and disruptions in the maintenance or provision of required
infrastructure and information technology systems; the impact of inflation; fluctuations in the
currency markets; contests over title to properties, particularly title to undeveloped
properties, or over access to water, power and other required infrastructure; and increased
costs and physical risks, including extreme weather events and resource shortages, related to
climate change. 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
BARRICK GOLD CORPORATION PRESS RELEASE
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.
The Company 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.