Nevada Governor Steve Sisolak Joins CEO Mark Bristow and Nevada Gold Mines for Tour of World Class Mine Site
07 Agosto 2019 - 04:34PM
Barrick President and CEO Mark Bristow was joined by Nevada
Governor Steve Sisolak in Elko yesterday, hosting a meeting of
local, regional and tribal leaders. As Chairman of Nevada Gold
Mines, Bristow updated the community stakeholders regarding the
joint venture between Barrick Gold Corporation and Newmont Goldcorp
Corporation.
Yesterday's event underscores the long-term benefits of the
joint venture, including longer mine lives, longer-term employment
opportunities, longer-term benefits to our local communities and
suppliers and longer-term benefits to Nevada’s economic growth.
Mark Bristow said the company is eager to demonstrate the
lasting value to Nevada.
“This joint venture positions Northern Nevada as the world’s
greatest gold mining complex. Our company is proud to be part of a
joint investment with Newmont Goldcorp in Nevada Gold Mines. We see
this massive investment in Nevada and its world class mining
industry enduring for decades to come. There’s a reason why Nevada
is ranked as one of the more attractive jurisdictions in the world
for mining investment. It’s not only the geological attractiveness,
but that we have a true partnership with the state and federal
government in growing a responsible, safe, and beneficial industry
for our local communities,” he said.
The new company, owned 61.5% and operated by Barrick, and owned
38.5% by Newmont Goldcorp, officially launched on July 1, 2019.
Earlier in the day, Governor Sisolak visited the Cortez mine
site, his first visit to a Tier One1 mine. Cortez has been
continuously mined since 1862 and demonstrates the magnitude of the
industry in Northern Nevada as an economic driver for the state
through the capital involved in running modern mining operations,
environmental safeguards, employee safety, and job security.
Enquiries: |
Mark Bristow President and CEO +1 647 205 7694 +44 788 071
1386 |
Greg Walker Executive Managing Director Nevada Gold Mines +1 702
526 3194 |
Kathy du Plessis Barrick Investor and Media Relations +44 20 7557
7738 barrick@dpapr.com |
Website: www.barrick.com
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 “believe”, “expect”, “plan”,
“project”, “mission”, “potential”, “may”, “will”, “can”, “should”,
“could”, “would”, and similar expressions identify forward-looking
statements. In particular, this press release contains
forward-looking statements including, without limitation, with
respect to: (i)the potential of the mining operations and growth
projects of Nevada Gold Mines; (ii) potential mineralization, and
potential for growth projects to provide employment opportunities
and contribute to the local economy; and (iii) Nevada Gold Mine’s
mission to create long-term value for 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 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); the
speculative nature of mineral exploration and development; changes
in mineral production performance, exploitation, and exploration
successes; risks associated with projects in the early stages of
evaluation, and for which additional engineering and other analysis
is required; 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; uncertainty whether
some or all of targeted investments and projects will meet the
Company’s capital allocation objectives and internal hurdle rate;
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 the United States,
and other jurisdictions in which the Company or its affiliates do
or may carry on business in the future; 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; litigation and legal and
administrative proceedings; risks associated with working with
partners in jointly controlled assets; 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 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 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.
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.
ENDNOTES
1 A Tier One gold asset is a mine with a stated
mine life in excess of 10 years with annual production of at least
five hundred thousand ounces of gold and total cash cost per ounce
within the bottom half of Wood Mackenzie’s cost curve tools
(excluding state-owned and privately owned mines).
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