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Barrick responds to potentially misleading Reuters report

Barrick Gold Corporation has responded to what it defines as a misleading news article published by Reuters.

The article’s headline read: “Cyber attack disrupts major South African port operations”. It included the following statement:

“Most of the copper and cobalt mined in the Democratic Republic of Congo and Zambia, where miners
such as Glencore and Barrick Gold operate, use Durban to ship cargo out of Africa”.

The ambiguous wording of this sentence could create the erroneous impression that Barrick exports gold or other products through the port of Durban, and the company therefore states emphatically that is not the case.

Barrickhttps://www.barrick.com
On 1 January 2019 a new Barrick was born out of the merger between Barrick Gold Corporation and Randgold Resources. Shares in the new company trade on the NYSE (GOLD) and the TSX (ABX). The merger has created a sector-leading gold company which owns five of the industry’s Top 10 Tier One gold assets (Cortez and Goldstrike in Nevada, USA (100%); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)) and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA). With mining operations and projects in 15 countries, including Argentina, Australia, Canada, Chile, Côte d’Ivoire, DRC, Dominican Republic, Mali, Papua New Guinea, Peru, Saudi Arabia, Senegal, USA, and Zambia, Barrick has the lowest total cash cost position among its senior gold peers and a diversified asset portfolio positioned for growth in many of the world’s most prolific gold districts.

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