Strategy-Driven Barrick Builds on Value Foundation - Seite 2

Thornton says Barrick’s balance sheet, once burdened by heavy debt, is now one of the industry’s most robust and its strong operational cash flows ensure that it has the capacity to fund existing and new organic growth projects, as well as to take advantage of any fresh opportunities that meet the company’s stringent investment criteria.

“Barrick’s footprint is being expanded and currently comprises mines, projects and exploration programs in 18 countries across four continents, covering the main prospective regions for gold and copper,” he says.

Also in the Information Circular, lead director Brett Harvey says Barrick’s Board prioritizes renewal and diversity in its own ranks in order to enhance its already high level of global business experience and to make its membership more fully representative of the societies in which the company operates. “Since the Merger, seven new members have been appointed and women now account for 40% of our directors standing for election, while 40% identify as racially or ethnically diverse,” Harvey says.

Barrick is pleased to host a virtual meeting format for this year’s Annual Meeting that shareholders may attend virtually by way of a live webcast regardless of their geographic location.

The meeting will be held on Tuesday, April 30, 2024 at 10:00 a.m. (Toronto time) at https://web.lumiagm.com/406457272. Registered shareholders, non-registered (or beneficial) shareholders and their duly appointed proxyholders will be able to participate, ask questions, and vote in “real time” through the online portal.

Enquiries
President and CEO
Mark Bristow
[phone]
[phone]

Senior EVP and CFO
Graham Shuttleworth
[phone]
[phone]

Investor and Media Relations
Kathy du Plessis
[phone]
Email: [e-mail]

Website: www.barrick.com

Endnote 1
A Tier One Gold Asset is an asset with a $1,300/oz reserve with potential for 5 million ounces to support a minimum 10-year life, annual production of at least 500,000 ounces of gold and with all-in sustaining costs per ounce in the lower half of the industry cost curve. Tier One assets must be located in a world class geological district with potential for organic reserve growth and long-term geologically driven value addition.