Barrick Publishes GISTM TSF Disclosures
TORONTO, Aug. 04, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today published site-level tailings storage facility (TSF) disclosures, in accordance with Principle 15 of the of the Global Industry Standard on Tailings Management (GISTM).
Group sustainability executive Grant Beringer said: “Barrick is making these disclosures to provide public access to information about our tailings facilities in line with our commitment to transparency.”
As a member of the International Council on Mining and Metals (ICMM), Barrick participated in the development of the GISTM. All of the company’s facilities classified as ‘Very High’ and ‘Extreme’ consequence under the standard conform to the requirements of the GISTM. Disclosures for lower consequence facilities will be completed by August 2025 or sooner, also in accordance with the GISTM.
“Even prior to the launch of the GISTM we painstakingly assessed every aspect of how we locate, design, construct, monitor, manage and close our tailings facilities. The launch of the GISTM in August 2020 confirmed that the internal tailings management standard Barrick first issued in 2012 is indeed world-class,” president and chief executive Mark Bristow said.
The TSF disclosures are available at www.barrick.com/tailings-disclosures.
Investor and Media Relations
Kathy du Plessis
+44 20 7557 7738
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 operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “launch”, “provide”, “will”, “commitment”, “conduct”, “review” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to: Barrick’s management of its tailings storage facilities including through the review and assessment of the location, design, construction, monitoring, management and closure of the facilities that it owns or operates; Barrick’s site-level tailings facility disclosures under the GISTM and the anticipated benefits and timing of those disclosures; and Barrick’s commitment to sustainable development and safety.
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: risks associated with projects in various stages of evaluation and for which additional engineering and other analysis is required; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, tailings dam and storage facilities failures, and disruptions in the maintenance or provision of required infrastructure and information technology systems; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; failure to comply with environmental and health and safety laws and regulations; non-renewal of key licenses by governmental authorities, timing of receipt of, or failure to comply with, necessary permits and approvals; 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 Canada, the United States and other jurisdictions in which the Company or its affiliates do or may carry on business in the future; increased costs and physical and transition risks related to climate change, including extreme weather events, resource shortages, emerging policies and increased regulations relating to related to greenhouse gas emission levels, energy efficiency and reporting of risks; 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; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; the liability associated with risks and hazards in the mining industry, and the ability to maintain insurance to cover such losses; disruption of supply routes which may cause delays in construction and mining activities; 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; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; risks related to operations near communities that may regard Barrick’s operations as being detrimental to them; litigation and legal 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 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.
We disclaim 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.