SANTIAGO, Chile, 18 September 2020 (GLOBE NEWSWIRE) – Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) said it accepts the decision of the Antofagasta Environmental Court to maintain the closing order and sanction the Chilean environmental regulator imposed on Compaa. Minera Nevada, a subsidiary of Barrick that owns the Chilean component (Pascua) of the Pascua project.
Barrick said the ruling drew a line as a component of a legal proceeding that began in 2013 and that the company would not appeal: construction was suspended that year and Easter would now be transferred from care and maintenance to closure in accordance with the environmental court’s ruling. .
Following the decision, Marcelo Alvarez, Barrick’s executive director for Chile and Argentina, said Pascua-Lama remained a vital task and that work is already under way to rethly think about its potential, which leads to a comprehensive internal review of its technical, economic and social facets. as well as other authorization and progression approaches if existing studies result in an allocation that complies with Barrick’s investment filters, who demonstrated that any new allocation progression would comply with current law in Chile and Argentina.
“Barrick has been a very different company since its merger with Randgold and we are now strongly focused on building relationships with communities and authorities,” he said.
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Marcelo Alvarez, Executive Director Barrick Chile 56 nine 63nine7 nine 258
Kathy du PlessisBarrick Investor relations and médiasBarrick@dpapr. com 557 7738
Warning about forward-looking information
Certain data contained in this press release, which aggregate any data related to Barrick’s long-term strategy, assignments, plans, or monetary or operational performance, constitute “forward-looking statements”. All statements, other than statements of old facts, are forward-looking statements The words “continue,” “seek,” “concentrate,” “establish,” “encourage,” “prospective,” “commit,” “secure,” “would,” and similar expressions identify forward-looking statements. this press release includes forward-looking statements, adding, but not limited to, Barrick’s strategy for the Easter-Lama assignment, adding the transition from maintenance and maintenance allocation to closure; The decision not to appeal the environmental court’s ruling; Continuous water remedy and monitoring and respect for the environment; Reassessment of the Easter-Lama prospectus, adding a review of the technique of allocation to inputs and development; long-term investments in Chile and Argentina and possible partnerships and contributions to local economies; long-term performance in health, protection and the environment.
Forward-looking statements are necessarily based on a number of estimates and assumptions, adding significant estimates and assumptions related to the items set forth below, although they are believed to be moderated throughout the Company as of the date hereof. Press releases in delight and the belief of soft control in existing situations and expected progressions, are inherently the subject of significant commercial, economic and competitive risks and insecurities. Known and unknown points may also cause actual effects to differ materially from those projected in the forward-looking statements and such statements and data deserve not to be unduly relied upon. These points include, but are not limited to: fluctuations in the spot value and ahead of gold, copper, or other commodities (such as silver, diesel fuel, herbal fuel, and electrical power). ); the speculative nature of mining exploration and progression; adjustments to the functionality of mineral exploration, mining and production successes; litigation and judicial and administrative procedures; non-compliance with environmental, fitness and protection legislation and regulations; Relevant threats with projects in the early stages of evaluation and for which further engineering and research is required; minimize in the amounts or contents of the reserves; price increases, delays, suspensions and demanding technical situations relevant to the structure of capital projects; operational or technical difficulties similar to mining or progression activities, adding demanding geotechnical situations and interruptions in the maintenance or provision of mandatory infrastructure and IT systems; non-renewal of key licenses through government authorities; when mandatory authorizations and approvals were won or not; uncertainty as to whether some or all of Barrick’s specific investments and projects will meet the Company’s capital allocation targets and the internal critical rate; they have an effect on inflation; adjustments in national and local legislation, taxation, controls or regulations and / or adjustments in the leadership of legislation, policies and practices, expropriation or nationalization of assets and political or economic progressions in Chile, Argentina and other jurisdictions in which the Company or its affiliates do or possibly would do long-term business; lack of certainty about foreign legal systems, corruption and other points incompatible with the rule of law; relevant threats with illegal and artisanal mining; the relevant threats with new diseases, epidemics and pandemics, adding the effects and prospective effects of the global Covid-19 pandemic; disruption of source routes that can cause delays in the structure and mining activities; damage to the reputation of the company as a result of the actual or perceived occurrence of a series of occasions, adding negative exposure related to the company’s control of environmental problems or relations with netpaintings groups, whether true or not; the option that long-term exploration effects may not meet the Company’s expectations; the threats that exploration knowledge is in its entirety and that abundant additional paintings would possibly be required to complete a more in-depth assessment, adding, but not limited to, studies and investments in drilling, engineering and socioeconomic; threat of loss from acts of war, terrorism, sabotage and civil unrest; disputes over the name of assets, especially the name of undeveloped assets, or access to water, electricity and other mandatory infrastructure; the business opportunities that could possibly be presented or exploited through the Company; painter relationships, adding the loss of key painters; expanding prices and physical threats, adding excessive climatic occasions and scarcity of resources, relevant to climate change; and the availability and higher prices relevant to inputs and mining labor. In addition, there are relevant threats and dangers with exploration, progression and mining activities, adding environmental hazards, commercial accidents, unusual or unforeseen formations, pressures, landslides, floods and losses of gold bars, copper cathodes or gold concentrates or copper (and the threat of underinsurance or inability to download insurance to cover those threats).
Many of these uncertainties and contingencies could possibly be our real effects and can also cause actual effects to differ materially from those expressed or implied through us or on our behalf. Readers are cautioned that forward-term statements are not promises of long-term performance. All forward-looking statements made in this press release are qualified through these warnings. Specifically, Form 40-F/ Recent Maximum Annual Notice filed with the SEC and provincial securities authorities of Canada is mentioned in particular for a more detailed investigation of some of the points underlying forward-looking statements and the dangers that Barrick’s ability to meet the expectations set forth in the forward-looking statements contained in this press release We disclaim any objective or legal responsibility to update or revise any forward-looking statements, whether as a result of new information, long-term occasions or otherwise, unless required by applicable law.