04:44:17 EDT Thu 28 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,166,892,835
Close 2018-06-05 C$ 16.82
Market Cap C$ 19,627,137,485
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Barrick publishes its 16th annual sustainability report

2018-06-05 17:36 ET - News Release

Mr. Peter Sinclair reports

BARRICK'S ANNUAL SUSTAINABILITY REPORT NOW AVAILABLE

Barrick Gold Corp. has published its annual sustainability report, which provides a detailed and transparent look at the company's environmental and social performance over the past year. To view the report, please visit the company's website.

All amounts expressed are in U.S. dollars.

"At Barrick, our sustainability strategy emphasizes partnerships with host governments and communities, to transform their natural resources into sustainable benefits and mutual prosperity," said Peter Sinclair, chief sustainability officer. "Doing so helps us gain local trust and confidence, leave a positive legacy, keep our operations running smoothly, and protect our ability to grow. Our sustainability report, now in its 16th year, is an important way to update our partners on the progress we made in 2017, and what we aim to achieve in 2018 and beyond."

Safety and environment

The safety of people and protecting the environment are the company's top priorities. In support of this, the company is integrating digital technology and innovation to manage the company's operations according to international standards and partner expectations.

In 2017, Barrick's total reportable injury frequency rate of 0.351 was the lowest in its history. This was tragically overshadowed by the deaths of Eulogio Gutierrez at the Hemlo mine in Canada, and Williams Garrido at the Pascua-Lama project in Chile. The company continues to work to meet the company's goal of every person going home safe and healthy every day, with a redoubled focus on life-saving controls in 2018.

In 2017, the company developed a climate change strategy that includes a goal of reducing Barrick's greenhouse gas emissions by 30 per cent by 2030 from the company's 2016 baseline.

Share the benefits

The company's business runs on long-term and trust-based partnerships, and sharing the benefits of the company's operations is an important way to facilitate this. That is why, at the invitation of governments and communities, the company partners to transform resources into long-term value, through buying and hiring locally, investing in community priorities, and paying the company's fair share of taxes.

In 2017, the company contributed more than $5.1-billion to national economies in the countries where the company operates. This included more than $350-million in goods and services purchased from small-scale suppliers living near the company's sites, and more than $1.1-billion in taxes and royalties paid to governments.

In 2017, 97 per cent of the people who work at the company's operations came from the communities and countries where the company operates, with over 60 per cent coming from the local communities closest to the company's mines.

Additional information on how the company is sharing the benefits of mining with the company's partners is available in the data tables on the company's website.

Engage with respect

Having the support and confidence of the company's host communities and governments is essential to the company's operational success. To build this trust, the company believes in engaging transparently and openly with all of the company's partners.

Six Barrick-operated sites run community water monitoring programs. The company believes that inviting the community in, and making it part of the process, is the best way to build and sustain trust.

The company's sustainability performance is open to third party scrutiny, including through the ISO 14001 process, international cyanide management code audits, annual third party human rights impact assessments and independent assurance of the 2017 sustainability report.

Join the company's sustainability briefing

The company will be hosting a sustainability briefing tomorrow at 10 a.m. ET, which can be viewed on Barrick's website.

We seek Safe Harbor.

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