Barrick Is Now ‘B’ on the NYSE
PRESS RELEASE
NYSE : B TSX : ABX
Barrick Is Now ‘B’ on the NYSE
New York (May 9, 2025) — Barrick Mining Corporation (NYSE:B)(TSX:ABX) is now trading under
the single-letter ticker symbol ‘B’ on the New York Stock Exchange, reinforcing the Company’s
position as a global gold and copper mining leader.
In celebration of this milestone, Barrick president and chief executive Mark Bristow rang The
Opening Bell® at the NYSE this morning.
“Barrick’s vision is to be the world’s most valued gold and copper exploration, development and
mining company. Along with our world-class portfolio of six Tier One gold mines, we are building
a substantial copper business which will be a meaningful contri butor to organically growing our
production volumes in the coming years and beyond,” says Bristow.
“Our new stock symbol ‘B’ better reflects Barrick’s current business and our mission to achieve
sustainable and profitable gold and copper growth. Together, gold and copper give Barrick the
stability of a precious metal and the growth potential of a strategic one — anchoring our portfolio
in resilience and aligning us with rising global electrification and infrastructure demand. Gold is
core to our business and we continue to explore for and develop new gold mines, including the
expansion of Pueblo Viejo, the exciting Fourmile gold project in Nevada and the Reko Diq project,
with its world-class mix of both copper and gold.”
The Barrick common shares continue to trade under the ticker symbol ‘ABX’ on the Toronto Stock
Exchange. The new CUSIP number for the Barrick common shares effective at the start of trading
today is 06849F108.
About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest
portfolios of world-class and long-life gold and copper assets in the industry — including six of the
world’s Tier One gold mines — Barrick’s operations and projects span 18 countries and five
continents. Barrick is also the largest gold producer in the United States. We create real, long -
term value for all stakeholders through responsible mining, strong partnerships and a disciplined
approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’
and on the Toronto Stock Exchange under the symbol ‘ABX’. Learn more at www.barrick.com.
Enquiries
Kathy du Plessis
Investor and Media Relations
+44 20 7557 7738
Email: [email protected]
Cautionary Statement on Forward-Looking Information
Certain information contained or incorporated by reference in this press release, including any information as to our strateg y, 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
“believe”, “expect”, “strategy”, “target”, “plan”, “commitment”, “ramp up”, “opportunities”, “guidance”, “project”, “progress”, “expand”, “invest”, “continue”, “progress”,
“develop”, “on track”, “ongoing”, “estimate”, “growth”, “potential”, “future”, “extend”, “will”, “could”, “would”, “should”, “may” and similar expressions identify forward-
looking statements. In particular, this press release contains forward-looking statements in cluding, without limitation, with respect to: Barrick’s forward -looking
production guidance and our five and ten-year production profiles for gold and copper; projected capital, operating and exploration expenditures; our ability to convert
resources into reserves and replace reserves net of depletion from production; anticipated timing for first production at Reko Diq; expected benefits from the Pueblo
Viejo expansion project, including projected increases in production; Barrick’s ability to complete and expected benefits from the sale of its 50% interest in Donlin;
Barrick’s planned divestments of Tongon and Hemlo; the potential for Fourmile, Reko Diq and Lumwana to become Tier One assets; mine life and production rates,
including anticipated production growth from Barrick’s organic project pipeline; Barrick’s global exploration strategy and planned exploration activities, inclu ding in
Canada; Barrick’s copper strategy; our plans, and expected timing, completion and benefits of our growth projects; potentia l mineralization and metal or mineral
recoveries; the status of negotiations with the Government of Mali in respect of ongoing disputes regarding the Loulo-Gounkoto Complex and Barrick’s commitment
to reach a mutually acceptable solution; Barrick’s strateg y, plans, targets and goals in respect of environmental and social governance issues, including local
community relations, planned resettlement activities at Pueblo Viejo, economic contributions and education, employment and pr ocurement initiatives, tailin gs
management, climate change and biodiversity initiatives; Barrick’s talent management strategy; Barrick’s performance dividend policy and share buyback program;
and expectations regarding future price assumptions, financial performance and other outlook or guidance.
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 silver, diesel fuel, natural gas and electricity); risks associated with projects in the early stages of evaluation and for which additional engineering and other
analysis is required; risks related to the possibility that future exploration results will not be consistent with the Company’s expectations, that quantities or grades of
reserves will be diminished, and that resources may not be converted to reserves; risks associated with the fact that certain of the initiatives described in this press
release are still in the early stages and may not materialize; changes in mineral production performance, exploitation and exploration successes; risks that exploration
data may be incomplete and considerable additio nal work may be required to complete further evaluation, including but not limited to drilling, engineering and
socioeconomic studies and investment; the speculative nature of mineral exploration and development; lack of certainty with r espect to foreign l egal systems,
corruption and other factors that are inconsistent with the rule of law; changes in national and local government legislation, taxation, controls or regulations and/or
changes in the administration of laws, policies and practices, including the status of value added tax refunds received in Chile in connection with the Pascua-Lama
Project; expropriation or nationalization of property and political or economic developments in Canada, the United States, Mali or other countries in which Barrick
does or may carry on business in the future; risks relating to political instability in certain of the jurisdictions in which Barrick operates; timing of receipt of, or failure
to comply with, necessary permits and approvals; non-renewal of key licenses by g overnmental authorities; failure to comply with environmental and health and
safety laws and regulations; increased costs and physical and transition risks related to climate change, including extreme w eather events, resource shortages,
emerging policies and increased regulations related to greenhouse gas (“GHG”) emission levels, energy efficiency and reporting of risks; the Com pany’s ability to
achieve its sustainability goals, including its climate -related goals and GHG emissions reduction targets, in par ticular its ability to achieve its Scope 3 emissions
targets which require reliance on entities within Barrick’s value chain, but outside of the Company’s direct control, to achi eve such targets within the specified
timeframes; contests over title to properties, particularly title to undeveloped properties, or over access to water, power and other required infrastructure; the liability
associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such losses; 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; risks related to operations near communities that may regard Barrick’s operations as being detrimental to them; litigation
and legal and administrative proceedings; 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; increased
costs, delays, suspensions and technical challenges associated wit h the construction of capital projects; risks associated with working with partners in jointly
controlled assets; risks related to disruption of supply routes which may cause delays in construction and mining activities, including disruptions in the supply of key
mining inputs due to the invasion of Ukraine by Russia and conflicts in the Middle East; risk of loss due to acts of war, ter rorism, sabotage and civil disturbances;
risks associated with artisanal and illegal mining; risks associated with Barrick’s infrastructure, information technology systems and the implementation of Barrick’s
technological initiatives, including risks related cybersecurity incidents, including those caused by computer viruses, malware, ransomware and other cyberattacks,
or similar information technology system failures, delays and/or disruptions; the impact of global liquidity and credit availability on the timing of cash flows and the
values of assets and liabilities based on projected future cash flows; the impact of inflation, including global inflationary pressures driven by ongoing global supply
chain disruptions, global energy cost increases following the invasion of Ukraine by Russia and country-specific political and economic factors in Argentina; adverse
changes in our credit ratings; fluctuations in the currency markets; changes in U.S. dollar interest rates; changes in U.S. trade, tariff and other controls on imports
and exports, tax, immigration or other policies that may impact relations with foreign countries, result in retaliatory policies, lead to increased costs for raw materials
and components, or impact Barrick’s existing operations and material growth projects; risks arising from holding derivative instruments (such as credit risk, market
liquidity risk and mark-to-market risk); risks related to the demands placed on the Company’s management, the ability of management to implement its bus iness
strategy and enhanced political risk in certain jurisdictions; uncertainty whether some or all of Barrick's targeted investments and projects will meet the Company’s
capital allocation objectives and internal hurdle rate; whether benefits expected from recent transactions are realized; business opportunities that may be presented
to, or pursued by, the Company; our ability to successfully integrate acquisitions or complete divestitures; risks related to competition in the mining industry; employee
relations including loss of key employees; availability and increased costs associated with mining inputs and labor; risks as sociated with diseases, epidemics and
pandemics; risks related to the failure of internal controls; and risks related to the impairment of the Company’s goodwill and assets.
In addition, there are risks and hazards associated with the business of mineral exploration, development and mining, includi ng 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 f actors 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. We disclaim 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.