The sustainability indicators included in the revolving credit system consist of annual environmental and social performance targets that are directly affected by Barrick’s actions, rather than on the basis of external ratings. Targets include Scope 1 and Scope 2 GHG emission intensities, water efficiency (reuse and recycling rate) and total damage rate (TRIFR) 1 . Barrick may incur positive or negative price adjustments for borrowed spreads and commissions on standby depending on its sustainability performance against targets.
Senior Executive Vice President and Chief Financial Officer Graham Shuttleworth said: “Extending the termination date of our unused credit line combined with our strong balance sheet underscores Barrick’s current liquidity strength, while setting sustainability indicators along with the recently released Barry Sustainability Report 2021 continues to show Barik’s commitment to the ESG. ”
Currently, S&P Global Ratings and Moody’s Investors Service have BBB + and Baa1 ratings for Barrick’s long-term loans, respectively.
Requests:
Investor and media relations
Katie du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com
Note 1
The total frequency of reported incidents (“TRIFR”) is a factor calculated as follows: the number of injuries reported is x 1,000,000 hours divided by the total number of hours worked. Injuries reported include deaths, lost time injuries, limited liability injuries, and medical injuries.
Warning regarding promising information
Certain information contained or incorporated by reference in this press release, including any information regarding our strategy, projects, plans or future financial or operational indicators, is a “statement of forecast”. All statements, except historical facts, are forward-looking statements. The words “goal,” “continue,” “commitment,” “may,” “will,” “could,” and similar expressions define forward-looking statements. Specifically, this press release contains forward-looking statements, including, without limitation, regarding Barrick’s financial liquidity, ESG’s commitment, sustainability and expected benefits from Barrick’s credit line expansion and the inclusion of sustainability-related indicators.
Prospective statements are necessarily based on a number of estimates and assumptions, including significant estimates and assumptions related to the factors listed below, although as of the date of this press release the Company is considered reasonable in light of management’s experience and perceptions. business, economic and competitive uncertainties and unforeseen circumstances. Known and unknown factors may lead to fact that actual results differ materially from those projected in forward-looking statements, and such statements and information should not be relied upon unnecessarily. Such factors include, but are not limited to: fluctuations in spot and forward prices for gold, copper, or certain other commodities (e.g., silver, diesel, natural gas, and electricity); the speculative nature of mineral exploration and development; assumptions regarding the trading price of the Company’s common stock; changes in mining productivity, exploitation and exploration success; disruption of supply routes, which could cause delays in construction and mining activities at Barrick’s more remote facilities; whether the benefits expected from recent transactions are realized; reducing the number or varieties of stocks; increased costs, delays, suspensions and technical problems associated with the construction of capital facilities; operational or technical difficulties related to mining or development activities, including geotechnical problems and failures in the maintenance or provision of the necessary infrastructure and information technology systems; non-compliance with the laws and regulations of environmental protection, health and safety; deadlines for obtaining or failing to comply with the necessary permits and approvals; uncertainty as to whether some or all of the targeted investments and projects will meet the company’s capital allocation and internal barrier targets; the impact of global liquidity and availability of credit on the timing of cash flows and the value of assets and liabilities based on projected future cash flows; the impact of inflation; fluctuations in foreign exchange markets; changes in national and local state law, taxation, controls or regulations and / or changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or economic events in jurisdictions in which the Company or its affiliates do or may do business in the future ; lack of confidence in foreign legal systems, corruption and other factors that do not correspond to the rule of law; damage to the Company’s reputation due to the actual or alleged occurrence of any number of events, including negative publicity regarding the Company’s environmental concerns or interactions with community groups, true or not; the possibility that future intelligence results will not meet the company’s expectations; the risks that exploration data may be incomplete, and significant additional work may be required to complete further assessments, including, but not limited to, drilling, engineering and socio-economic research and investment; the risk of losses as a result of hostilities, terrorism, sabotage and civil unrest; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects of the global Covid-19 pandemic; judicial and legal and administrative proceedings; disputes over ownership of real estate, in particular ownership of undeveloped facilities, or access to water, electricity and other necessary infrastructure; business opportunities that may be provided or used by the Company; our ability to successfully integrate acquisition or full redemption; risks associated with working with partners in jointly controlled assets; employee relationships, including the loss of key employees; increased costs and physical risks, including extreme weather events and lack of resources related to climate change; as well as the availability and increased costs associated with labor and labor for mining. In addition, there are risks and hazards associated with the business of exploration, development and mining, including environmental hazards, industrial accidents, unusual or unexpected formations, pressure, landslides, floods and gold bars, 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 uncertain and unforeseen circumstances may affect our actual results and may result in actual results differing materially from those expressed or implied in any forward-looking statements made by us or on our behalf. Readers warn that forward-looking statements are not a guarantee of future performance. All forward-looking statements made in this press release qualify as these warning statements. For a more detailed discussion of some of the factors underlying the forward-looking statements and the risks that may affect Barrick’s ability, specific references are made to the most recent 40-F / Annual Information Form, which is on file in the SEC and Canadian Provincial Valuation Regulators. paper. to meet the expectations set out in the forward-looking statements contained in this press release.
Barrick disclaims any intent or obligation to update or revise any forward-looking statements as a result of new information, future events or otherwise, except as required by applicable law.
https://investingnews.com/newmont-publishes-2021-climate-report/
