Barrick Joins Fight Against Covid-19 in Mali
10 Aprile 2020 - 01:12PM
Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) today made a $1.5
million donation to the Malian government to support its Covid-19
containment campaign. Barrick’s senior executive for West
Africa, Mahamadou Samake, made the presentation.
The donation includes an amount of $426,000
being provided for special equipment to strengthen the medical
infrastructure regionally and in the communities around the
company’s mines.
President and CEO Mark Bristow said Barrick,
through its legacy company Randgold, had a 25-year partnership with
the Malian government, not only in the development of its gold
mining industry but also in the field of community health.
The latter included its leadership of the industry in supplementing
the neglected tropical disease programs in 2012, its role in
combating the Ebola outbreak in 2014, and its ongoing collaboration
with community health centres on immunisation programs.
“That is why, in addition to the extensive
preventative measures we have already introduced at our mines, we
are making this contribution to the government’s fight against the
pandemic,” he said. “We are also providing significant assistance
to the surrounding communities and at the regional level.”
Barrick is also considering the early payment of
taxes to assist the government financially. This issue is
currently being discussed with the tax authorities.
“Barrick has a strong culture of caring for the
welfare of its employees and communities. Our financial
strength, well-established prevention practices and procedures, and
the experience we gained from dealing with two Ebola pandemics
around our African operations, will stand us in good stead as we
face this new and unprecedented challenge,” Bristow said.
“Over the past quarter of a century, Barrick and
its legacy company Randgold Resources have contributed
$7.2 billion to the Malian economy in the form of taxes,
royalties, salaries and payments to local suppliers. Over the
same period, our mines in Mali paid $2.7 billion in dividends,
taxes and royalties to the state – almost three times the $1
billion dividend received by Barrick.”
Barrick enquiries
President and chief executiveMark Bristow+1 647 205 7694+44 788 071
1386 |
Investor and media relationsKathy du Plessis+44 20 7557 7738Email:
barrick@dpapr.com |
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press release, including
any information as to Barrick’s strategy or future financial or
operating performance, constitutes “forward-looking statements”.
All statements, other than statements of historical fact, are
forward-looking statements. The words “support”, “provide”,
“consider”, “will”, “challenge” and similar expressions identify
forward-looking statements. In particular, this press release
contains forward-looking statements including, without limitation,
with respect to funds to be provided to strengthen local and
community medical infrastructure around Barrick’s mines in Mali;
preventative measures implemented by those mines to mitigate the
impact of the Covid-19 pandemic; and the potential early payment of
taxes to the Malian government.
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 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: 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, including geotechnical
challenges, and disruptions in the maintenance or provision of
required infrastructure and information technology systems; 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 in Mali; lack of
certainty with respect to foreign legal systems, corruption and
other factors that are inconsistent with the rule of law; risks
associated with illegal and artisanal mining; 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 negative publicity
with respect to the Barrick’s handling of environmental matters or
dealings with community groups, 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 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.
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