Published: June 15, 2018 |

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Barrick Gold Corporation has published its annual Sustainability Report, which provides a detailed and transparent look at the company’s environmental and social performance over the past year.

“At Barrick, our sustainability strategy emphasizes partnerships with host governments and communities, to transform their natural resources into sustainable benefits and mutual prosperity,” said Peter Sinclair, chief sustainability officer.

“Doing so helps us gain local trust and confidence, leave a positive legacy, keep our operations running smoothly, and protect our ability to grow. Our Sustainability Report, now in its 16th year, is an important way to update our partners on the progress we made in 2017, and what we aim to achieve in 2018 and beyond,” added Sinclair.

To view Barrick Gold’s Annual Sustainability Report in its entirety, CLICK HERE

Safety and Environment

The safety of people and protecting the environment are our top priorities. In support of this, we are integrating digital technology and innovation to manage our operations according to international standards and partner expectations.

• In 2017, Barrick’s total reportable injury frequency rate of 0.351 was the lowest in the company’s history. This was tragically overshadowed by the deaths of Eulogio Gutierrez at the Hemlo mine in Canada, and Williams Garrido at the Pascua-Lama project in Chile. Barrick continues to work to meet their goal of every person going home safe and healthy every day, with a redoubled focus on life-saving controls in 2018.

• In 2017, the company developed a climate change strategy that includes a goal of reducing our greenhouse gas emissions by 30 percent by 2030 from our 2016 baseline.

Share the Benefits

Barrick’s business runs on long-term and trust-based partnerships, and sharing the benefits of its operations is an important way to facilitate this. That is why, at the invitation of governments and communities, they partner to transform resources into long-term value, through buying and hiring locally, investing in community priorities, and paying their fair share of taxes.

• In 2017, the company contributed more than $5.1 billion to national economies in the countries where they operate. This included more than $350 million in goods and services purchased from small-scale suppliers living near its sites, and more than $1.1 billion in taxes and royalties paid to governments.

• In 2017, 97 percent of the people who work at their operations came from the communities and countries where they operate, with more than 60 percent coming from the local communities closest to its mines.

Additional information on how Barrick is sharing the benefits of mining with its partners is available, HERE

Engage with Respect

Having the support and confidence of Barrick’s host communities and governments is essential to their operational success. To build this trust, Barrick believes in engaging transparently and openly with all of its partners.

• Six Barrick-operated sites run community water monitoring programs. They believe that inviting the community in, and making them part of the process, is the best way to build and sustain trust.

• Barrick’s sustainability performance is open to third-party scrutiny, including through the ISO 14001 process, International Cyanide Management Code audits, annual third-party human rights impact assessments, and independent assurance of the 2017 Sustainability Report.

About Barrick Gold
Barrick has mining operations in Argentina, Australia, Canada, Chile, Dominican Republic, Papua New Guinea, Peru, Saudi Arabia, the United States, and Zambia. More than 75 percent of our gold production comes from the Americas region. The company was founded in 1983 by Canadian entrepreneur and philanthropist Peter Munk, and is headquartered in Toronto, Canada.

To stop by Barrick’s website, CLICK HERE

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