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March 24, 2020

Barrick Hemlo Continues to Actively Monitor Covid-19

Hemlo Gold Mine, Ontario — As the Covid-19 (Coronavirus) pandemic continues its global onslaught, the health and safety of our employees, communities and contractors are our utmost priority. We want to share with you the steps the Barrick Hemlo mine is taking to address this responsibly and to limit potential exposure to the rapidly changing situation in collaboration with community stakeholders and local health units.

Hemlo continues to actively monitor the Covid-19 situation and is taking action to ensure we are equipped to respond appropriately. We know that our communities are concerned about the impact of Covid-19. We are monitoring the situation on a day-to-day basis and following official safety and prevention guidance published by the World Health Organization (WHO), Health Canada, Government of Ontario, Local Health Regions and the US Centers for Disease Control and Prevention (CDC).

The Hemlo Senior Leadership Team regularly reviews our pandemic management plans, developing additional measures that support implementation of current best practices, provide routine updates to our employees to ensure that they, together with their families and our partnering communities, are well informed and safe.

At the Hemlo mine we are taking the following preventative measures to establish a safe operational environment:

  • Fact sheets about Covid-19 are posted around the site with information on how to reduce the risk of contracting the virus.
  • All employees and contractors at our operation are encouraged to practice simple hygiene by washing hands regularly and covering coughs and sneezes. The mine has been equipped with additional sanitizing stations.
  • All workers and contractors are screened at security before entering the site. Screening protocols include travel declaration and temperature and health checks. Our facility has been inspected by local health authorities to ensure our activities are in line with health regulations and we have been advised that we are going above and beyond expected protocol during this pandemic.
  • Those who have returned home from international flights are mandated to self-isolate for 14 days.
  • We are adhering to the State of Emergency declared by the Ontario government, which includes the following:
    • No gatherings of more than 50 people.
    • Social distancing of two metres or more.
    • Reduced cage limits to no more than six workers at a time.
    • Increased cage runs to accommodate work schedules.
    • Staggered shift implementation to reduce workers at security at any given time, reduced line up meetings, reduced general meetings, mandates on workers allowed in a meeting room at any given time to ensure social distancing can be achieved.
    • Work-at-home options for non-essential staff.
  • Partnering with our First Nations Rightsholders communities to aid them in the lock down of their communities to ensure they are not vulnerable during this time by allowing workers to self-isolate for 14 days.

Ontario Premier Doug Ford ordered all non-essential business to close beginning Tuesday 24th March. As an essential business to the community and the region, the Hemlo mine remains operational and it is therefore imperative that all employees and contractors adhere to the controls that have been implemented, to enable the Hemlo mine to continue to support local communities and employees during this time of need.

If the Covid-19 is causing stress for employees or family members, they are encouraged to contact our Employee Assistance Program, which gives them access to counseling and other mental health resources.

We encourage our workers to ensure they remain focused and on-task while performing work. As always, if distraction begins to hinder your ability to work safely, please use your Stop Work Authority. Please support the extensive measures taken by the company to safeguard our workplaces by taking responsibility for your own well-being.

 

Enquiries

Kathy du Plessis
Investor and Media Relations
+44 20 7557 7738
Email: barrick@dpapr.com

Adam Foulstone
General Manager, Hemlo
+1 807 229 7785
+1 807 238 2150

 

Cautionary Statement on Forward-Looking Information

Certain information contained in this news release, including any information as to Barrick’s strategy, emergency response plans, or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “prepare”, “monitor”, “forecast”, “engaged” and similar expressions identify forward-looking statements. In particular, this news release contains forward-looking statements including, without limitation, with respect to: Barrick’s preparations for the Covid-19 virus and measures taken to prevent and/or mitigate the impact of the disease at or near the Hemlo mine including through the development of crisis management plans, Barrick’s response to the State of Emergency declared by the Ontario government, employee counseling and screening and engagement with local communities and authorities.

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 Barrick as at the date of this news 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: the risks associated with Covid-19 and other infectious diseases presenting as major health issues; failure to comply with environmental and health and safety laws and regulations; operating or technical difficulties in connection with mining or development activities, including geotechnical challenges, and disruptions in the maintenance or provision of required infrastructure and information technology systems; 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 the jurisdictions in which Barrick operates; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; timing of receipt of, or failure to comply with, necessary permits and approvals; litigation and legal and administrative proceedings; damage to the Barrick’s reputation due to the actual or perceived occurrence of any number of events, including negative publicity with respect to the Barrick’s handling of environmental matters or dealings with community groups, whether true or not; contests over title to properties, particularly title to undeveloped properties, or over access to water, power, and other required infrastructure; employee relations including loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate change; 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 news 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 news release.

Barrick disclaims 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.

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