Nevada Gold Mines Provides Covid-19 Support for Local Communities
PRESS RELEASE
NYSE : GOLD TSX : ABX
Nevada Gold Mines Provides Covid-19 Support for
Local Communities
All amounts expressed in US dollars
ELKO, Nevada – April 2, 2020 – Nevada Gold Mines (NGM) is working with the state of Nevada
and its stakeholders to identify immediate needs and provide financial and logistical support to
mitigate the impact of the Covid-19 pandemic on its local communities.
Executive Managing Director Greg Walker said NGM, the largest global gold producing complex
and a joint venture between Barrick Gold Corporation (61.5%) and Newmont Corporation (38.5%)
and operated by Barrick, was a committed partner of the state, the region and the community,
and recognized that extraordinary times called for extraordinary measures.
“We have ensured that our operations are working as safely and responsibly as possible but it is
not only our employees that we are concerned about — we are also using our resources to
support our friends and neighbors, and particularly the seniors, the homeless and Native
Americans,” he said.
At the State level, NGM has committed an initial $1.5 million to the Nevada Covid-19 Response,
Relief and Recovery Task Force, as well as offering to support the effort through our supply chain
and other resources. Recently announced by Governor Steve Sisolak, the Task Force brings
together community and business leaders to help find solutions to the pandemic.
In Northern Nevada, it is developing a framework for an ‘I-80 Fund’ to assist small businesses
along the I-80 Corridor affected by the Covid-19 pandemic, as well as seeking to support solutions
to the childcare and rural health care challenges in the region.
In Elko, Battle Mountain, and Winnemucca, the closest towns to NGM’s operations, the JV has
to date committed a total of $275,000 to support these local communities with food supplies and
other basic necessities, particularly those most impacted including seniors, the homeless and
Native Americans.
In Southern Nevada, it has committed $100,000 to Three Square Food Bank.
Enquiries:
Catherine Raw
Chief Operating Officer,
North America
+1 416 307 5157
Greg Walker
Executive Managing Director,
Nevada Gold Mines
+1 702 526 3194
Kathy du Plessis
Investor and
media relations
+44 20 7557 7738
Website: www.barrick.com
BARRICK GOLD CORPORATION PRESS RELEASE
Cautionary Statement on Forward-Looking Information
Certain information contained in this press release, including any information as to Barrick’s strategy,
emergency response plans, or future financial or operating performance, constitutes “forward-looking
statements”. All statements, other than statements of historical fact, ar e forward-looking statements. The
words “support”, “commit”, “ensure”, “prepare”, “develop”, “engage” and similar expressions identify
forward-looking statements. In particular, this press release contains forward-looking statements including,
without limitation, with respect to financial and logistical support provided by Nevada Gold Mines to mitigate
the impact of the Covid- 19 pandemic on its local communities and partnerships with state, regional and
community stakeholders.
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 Barrick as at the date of this press release in light of management’s experience and perception of current
conditions and expected developments, are inherent ly subject to significant business, economic, and
competitive uncertainties and cont ingencies. 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: the risks associated
with Covid-19 and other infectious diseases presenting as major health issues; failure to comply with
environmental and health and safety laws and regulations; operating or technical difficulties in connection
with mining or development activities, includi ng geotechnical challenges, and disruptions in the
maintenance or provision of required infrastructu re and information technology systems; changes in
national and local government legislation, taxati on, controls, or regulations and/or changes in the
administration of laws, policies, and practices, expropri ation or nationalization of property and political or
economic developments in the United States; risk of loss due to acts of war, terrorism, sabotage and civil
disturbances; timing of receipt of, or failure to comply with, necessary permits and approvals; litigation and
legal and administrative proceedings; damage to the Barrick’s reputation due to the actual or perceived
occurrence of any number of events, including negativ e publicity with respect to the Barrick’s handling of
environmental matters or dealings with community gr oups, whether true or not; contests over title to
properties, particularly title to undeveloped properties, or over access to water, power, and other required
infrastructure; employee relations including loss of key employees; increased costs and physical risks,
including extreme weather events and resource shortages, related to climate change; and availability and
increased costs associated with mining inputs and labor. In addition, there are risks and hazards associated
with the business of mineral ex ploration, 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 made in th is 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.