news-details

Chile's Environmental Court Rejects Claims that Pascua-Lama has Damaged Glaciers

March 23, 2015

PDF 163 KB

TORONTO, March 23, 2015 Chile's Environmental Court has today ruled that the Pascua-Lama project has not damaged glaciers within the project's area of influence.

"Preserving and protecting glaciers from harm is essential to the work we do every day at Pascua-Lama," said Eduardo Flores, Barrick's Executive Director for Chile. "That is why Barrick worked with leading independent experts and glaciologists to develop and implement one of the most rigorous glacier monitoring programs anywhere in the world. We are pleased that the court has confirmed what the technical and scientific evidence demonstrates, that these ice bodies have not been damaged by activities at the Pascua-Lama project."

Pascua-Lama's comprehensive glacier monitoring program captures data from 27 points and provides results directly to regulatory authorities.

Barrick remains committed to working with stakeholders and local communities in Chile to advance Pascua-Lama in an environmentally responsible manner, respecting its legal and regulatory requirements.

The Pascua-Lama team is focused on resolving the project's outstanding legal and regulatory hurdles, completing a new execution plan to optimize remaining construction activities and minimizing ongoing project costs.

INVESTOR CONTACT:
Amy Schwalm

Vice President
Investor Relations
Telephone: +1 416 307-7422
Email: aschwalm@barrick.com

MEDIA CONTACT:
Andy Lloyd

Vice President
Communications
Telephone: +1 416 307-7414
Email: alloyd@barrick.com

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 financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by the company, 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. Such factors include, but are not limited to: fluctuations in the spot and forward price of gold and copper or certain other commodities; changes in national and local government legislation, taxation, controls, regulations, expropriation or nationalization of property and political or economic developments in Canada, the United States, Chile, Argentina and other jurisdictions in which the company does or may carry on business in the future; and our ability to successfully complete transactions. 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 discussion of some of the factors underlying forward-looking statements.

 

Stay Connected







Email Alerts

Email Address *
Mailing Lists *


 
Enter the code shown above.

By providing your e-mail address, you are consenting to receive press releases, quarterly and annual reports, presentations and other information concerning Barrick Gold Corporation and its affiliates and partners. You may withdraw your consent at any time using the unsubscribe link below.

Unsubscribe

Email Address:  *
Date Download Description
No items found for this year.
Gold  $ 1,280.63 -5.32 -0.41% Volume: October 18, 2017
ABX NYSE  $ 16.22 +0.00 +0% Volume: 7,918,200 October 17, 2017
ABX TSX  $ 20.33 +0.00 +0% Volume: 1,646,000 October 17, 2017
Gold  $ 1,280.63 -5.32 -0.41% Volume: October 18, 2017

Our vision is the generation of wealth through responsible mining — wealth for our owners, our people, and the countries and communities with which we partner.

World Gold Council MemberMember of ICMM

En Español