BUSINESS: Barrick Commissions Africa’s First PhotonAssay Laboratory.

dWeb.News Article from Daniel Webster dWeb.News

dWeb.News Article from Daniel Webster dWeb.News

Daniel Webster, dWeb.News Publisher

October 10, 2021 04: 00 ET | Source: Barrick Gold Corporation

All amounts expressed in US dollars unless stated otherwise

BULYANHULU GOLD MINE, Tanzania, Oct. 10, 2021 (GLOBE NEWSWIRE) — Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) in partnership with MSALABS Ltd has successfully installed a Chrysos PhotonAssayTM laboratory at its Bulyanhulu mine in Tanzania — the first in Africa and in its global operations.

This new technique delivers faster, safer and more accurate analysis of gold, silver and complementary elements by non-destructive measurement of larger and more representative samples in as little as two minutes, enabling rapid turnaround of critical operational information that drives optimization throughout the mining value chain.

The system provides an environmentally friendly, chemical-free, more sustainable replacement for traditional fire assay methods, significantly reducing CO2 emissions and hazardous waste.

Introducing the new system to media at the mine, Barrick president and chief executive Mark Bristow said it was part of the group’s continuing drive to harness technological innovation in the service of operational excellence, occupational safety and environmental care.

Enquiries

President and CEO
Mark Bristow
+1 647 205 7694
+44 788 071 1386

COO, Africa and Middle East
Willem Jacobs
+44 779 557 5271

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

Website: www.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”. Other than historical facts, all statements are forward-looking statements. Forward-looking statements are identified by the words “deliver”, “enable”, “optimization”, and “continue”, as well as similar expressions. This press release includes forward-looking statements, including those relating to the expected benefits of the new PhotonAssay lab at Bulyanhulu. These include faster, safer, more accurate sample analyses, resulting improvements in operational efficiency, environmental performance, as well as other improvements that result from Barrick’s continued focus on technological innovation throughout the group.

Forward-looking statements are necessarily based upon a number of estimates and assumptions including material estimates and assumptions related to the factors that, while considered reasonable by the Company as at the date of this press 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. Actual results could differ materially from the ones projected in forward-looking statements due to unknown and known factors. Undue reliance should not placed upon such information and statements. There are also risks associated with mineral exploration, development, and mining. These include environmental hazards, industrial accidents and pressures, cave-ins and flooding.

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. Forward-looking statements do not guarantee future performance. These cautionary statements are included in all forward-looking statements contained in this press release. 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 press 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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