Mining Industry Needs Strong Collective Action on Climate Change Says Barrick
PRESS RELEASE
NYSE : GOLD TSX : ABX
Mining Industry Needs Strong Collective Action on
Climate Change Says Barrick
Toronto, October 5, 2021 – Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Reducing emissions
to counter the causes of climate change requires strong collective action by the mining industry, Barrick
president and chief executive Mark Bristow says.
Bristow hailed today’s collective commitment by the International Council on Mining and Metals (ICMM)
to a goal of net zero greenhouse gas emissions by 2050 in line with the recommendations of the Paris
Agreement and said it represented an integrated approach that struck the right balance between
environmental, social and economic needs. Barrick is a member of the ICMM and its Climate Change
Advisory Group.
“Barrick already has a clear scientifically based emission reduction roadmap which targets a 30% cut
by 2030 against our 2018 baseline and a net zero outcome by 2050, in line with ICMM’s goal,” Bristow
said.
The company’s group sustainability executive, Grant Beringer, said a series of carbon-reducing
initiatives was already being implemented across Barrick’s global operations. At Nevada Gold Mines
(NGM), the world’s largest gold producing complex, which is operated and majority -owned by Barrick
these included projects such as the construction of a new solar power plant and the conversion of the
TS power plant from coal to natural gas. These projects will support NGM’s transition from coal power
to a dual energy solution which will reduce the complex’s carbon emissions by as much as 50%.
Enquiries
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
Email: [email protected]
Website: www.barrick.com
BARRICK GOLD CORPORATION PRESS RELEASE
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statements, other than statements of histor ical fact, are forward -looking statements. The words “needs”, “goal”,
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strategy, Barrick’s greenhouse gas emission reduction targets and ultimate aim to achieve net zero emissions by
2050, and the potential environmental benefits of the new solar power plant being built for NGM including a
reduction in the complex’s carbon emissions.
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
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conditions and expected developments, are inherently subject to significant business, economic and competitive
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and information. Such factors include, but are not limited to: failure to comply with environmental and health and
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and practices; expropriation or nationalization of property and political or economic developments in Canada, the
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disturbances; litigation and administrative proceedings; contests over title to properties, particularly title to
undeveloped properties, or over access to water, power and other required infrastructure; risks associated with
working with partners in jointly controlled assets; employee relations including loss of key employees; 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.
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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
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