Barrick Joins Fight Against Covid-19 in Senegal

All amounts expressed in US dollars.

Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX)

DAKAR, Senegal, April 09, 2020 (GLOBE NEWSWIRE) -- Barrick Gold Corporation’s country manager for Senegal, David Mbaye, today presented a cheque for $972,000 to the Minister of Finance, M Daouda Diallo, in the presence of the Minister of Mines and Geology, Mme Aissatou Sophie Gueladima, to support the country in its campaign against the Covid-19 pandemic.  The amount has been contributed jointly by Barrick and its West African logistics partner, CSTTAO.

Mbaye informed the minister that the company was also supporting nine villages in its Bambadji permit area as well as the Saraya and Kedougou hospitals.  In addition, he said Barrick would assist with the procurement and supply of personal protection equipment through CSTTAO.  Of the amount donated, $850,000 would be allocated at a national level, $10,000 at a regional level, $55,000 would go to district and local communities and $57,000 to the Kedougou hospital.

Barrick president and chief executive Mark Bristow noted that Barrick, through its legacy company Randgold, had been engaged in Senegal since 1995.

“We have made this donation in the hope that it will help strengthen the government’s hand in its fight against Covid-19 and also to demonstrate our continuing partnership with and commitment to Senegal and its people,” he said.

Barrick last month combined its Massawa project in Senegal with Teranga Gold Corporation’s nearby Sabodala mine. Barrick has retained an 11% interest in the combined asset and Bristow said the company looked forward to contributing to the value it would create for all stakeholders.

CSTTAO is Barrick’s long-standing logistics partner in West Africa and held a minority shareholding in Massawa prior to the sale to Teranga.

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Cautionary Statement on Forward-Looking Information

Certain information contained in this press release, including any information as to Barrick’s strategy or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “support”, “assist”, “hope”, “will”, “contribute” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements including, without limitation, with respect to funds and medical supplies to be provided by Barrick and its logistics partner, CSTTAO, to support villages and local hospitals and support the national, regional and local response to Covid-19 in Senegal during the Covid-19 pandemic and the potential for the Massawa project to create value for Teranga Gold Corporation and all of its stakeholders.