Golden Sunlight’s Tailings Reprocessing Project a Model for Sustainable Closure
PRESS RELEASE
NYSE : GOLD TSX : ABX
Golden Sunlight’s Tailings Reprocessing Project a Model
for Sustainable Closure
Golden Sunlight Mine, Montana, February 11, 2022 – Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – The
pioneering Tailings Reprocessing Project at Barrick’s end-of-life Golden Sunlight Mine was officially opened today
in a ribbon-cutting ceremony attended by Montana Governor Gianforte, Barrick president and chief executive Mark
Bristow, representatives of the Montana federal congressional delegation and members of the community.
The opening of the facility is the culmination of more than a year’s work that has already created more than 75 jobs.
It has the potential to generate tens of millions of dollars in tax revenue and benefits for the state over the next
decade, while removing a source of possible water pollution from the mine site.
The facility will reprocess the ground rock, known as tailings, from which gold was previously extracted in the Golden
Sunlight mills. The focus will be on removing and concentrating sulfur (iron pyrite) to be sold to and used in gold
production by Barrick operated and majority owned Nevada Gold Mines, the largest gold producing complex in the
world. The concentrated sulfur is not only valuable, but its removal will also eliminate a source of potential
groundwater contamination. After reprocessing, t he remaining benign material will be backfilled into the Mineral
Hill pit.
Speaking at the ceremony, Bristow said the project, which combined rehabilitation with value creation, would serve
as a model for Barrick’s future mine closures.
“Last year we started this groundbreaking plan to initiate mining closure at Golden Sunlight while continuing to
create economic benefits. Working in close collaboration with state agencies, we were able to complete the
permitting process in time and commission the Tailings Processing Facility, creating value for all our stakeholders.
It’s a great example of what a true partnership between a miner and its host communities can accomplish. We look
forward to shipping the first concentrates within weeks,” Bristow said.
Governor Gianforte said, “This project is an example of what’s possible when state agencies provide a stable,
predictable regulatory process that companies like Barrick can rely on. We’re thrilled by Barrick’s investment in the
Whitehall community and look forward to the benefits this project will bring, including more than 75 good- paying
Montana jobs and a stronger, cleaner environment.”
The Golden Sunlight mine produced more than 3 million ounces of gold during its nearly 40 years of operation. The
mine shut down in 2019 when gold production was no longer economically viable.
Enquiries:
President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386
VP Closure and Governance
North America
Patrick Malone
+1 702 493 2421
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Website: www.barrick.com
BARRICK GOLD CORPORATION PRESS RELEASE
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 than statements of historical fact, are forward-looking statements. The words “potential”, “will”, “focus”,
“look forward” and similar expressions identify forward- looking statements. In particular, this press release contains
forward-looking statements inc luding, without limitation, with respect to the expected economic and environmental
benefits to be generated from the Golden Sunlight Tailings Reprocessing Project; the timeline for and potential benefits
of shipping concentrate from the Tailings Reprocess ing Project to Nevada Gold Mines; the potential for this Project to
create economic benefits for host communities and serve as a model for future closure projects at Barrick’s other mine
sites.
Forward-looking statements are necessarily based upon a num ber of estimates and assumptions including material
estimates and assumptions related to the factors set forth below that, while considered reasonable by Barrick Gold
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current conditions and expected developments, are inherently subject to significant business, economic, and competitive
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Many of these uncertainties and contingencies can affect our actual results and could cause actual results to differ
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