ABX. Barrick Gold Corporation

Barrick and Zijin Contribute $1 Million to Support Papua New Guinea Landslide Victims

Barrick and Zijin Contribute $1 Million to Support Papua New Guinea Landslide Victims

PORT MORESBY, Papua New Guinea, June 07, 2024 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and JV partner Zijin Mining Group announced today that they would jointly contribute US$1 million (Kina 3.8 million) to help communities in Papua New Guinea’s Enga province in the wake of a landslide in Mulitaka that has claimed an estimated 600 lives.

A team of senior Barrick executives has spent the week in PNG visiting the disaster site and working with the provincial and national governments as well as officials from the United Nations, the Asian Development Bank, Australia, New Zealand and the United States to coordinate relief and recovery activities.

In addition to monetary and in-kind contributions, the Barrick-operated Porgera gold mine is supporting the Enga Provincial Government with manpower at the disaster operations center in Wabag. Five New Porgera Limited (NPL) employees have been seconded to advise and assist the operations center with logistics, inventory, community relations and media.

The mine delivered its second donation of relief supplies to the Mulitaka disaster site last Friday, including food, medical items and tarpaulins for temporary shelter. It has also sourced eight shipping containers to store relief supplies and dispatched construction personnel to scope the installation of additional structures and water tanks.  

NPL has mobilized an excavator and a bulldozer to assist with clearing operations and has converted a truck to be capable of pulling a float to help transport equipment. The mine is also looking at the viability of using radar to help with monitoring at the slip site.

Additionally, NPL is working with the Enga provincial government on temporary measures to bring much needed food and fuel to the Porgera valley communities, which depend on the Highlands Highway for essential supplies.

Barrick president and chief executive Mark Bristow says NPL is working closely with the Enga Provincial Government to continue the relief efforts on the ground with key stakeholders from the donor agencies, government and other resource companies. “Porgera stands ready to provide additional relief and assistance to support impacted families and communities during this time of need,” he said.

Enquiries

Investor and Media Relations

Kathy du Plessis

8

Email:

Website:



EN
07/06/2024

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Barrick Gold Corporation

Barrick Mining Corp: 2 directors

Two Directors at Barrick Mining Corp bought/sold after exercising options/maiden bought 29,367 shares at 68.400CAD. The significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the ...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

After 5.5-months, the S&P 500 (SPX) finally broke below its 20-day MA in decisive fashion on Friday. However, 6569 has been our level that needs to break in order for us to have confidence that a pullback has begun; SPX made a low of 6551 on Friday (less than 20 points or 0.3% from our 6569 level), meaning it was not a decisive breakdown (in time or price). As a result, our near-term bullish outlook since our 4/22/25 Compass remains intact, and it will stay that way as long as the SPX holds abov...

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Compass: Weekly Equity Strategy

Downgrading Utilities to Market Weight We remain bullish since our 4/22/25 Compass, and we will maintain our bullish outlook as long as market dynamics remain healthy and the S&P 500 (SPX) is above 6028-6059. Shorter-term, the SPX continues to make higher lows as new leaders emerge and rotations continue; we would need to see a break below 6340-6360 in order to have confidence that a consolidation period has finally begun. Short-term supports on SPX include 6400-6410, 6340-6360, 6200, 6100-6150...

Research Team ACF
  • Research Team ACF

GreenRoc Strategic Materials Plc (GROC.L) Core Investment Snapshot 290...

GreenRoc Strategic Materials Plc (AIM: GROC.L) is unusually well positioned to become a key supplier of high-purity, battery-grade graphite into Western markets increasingly focused on critical material security. GROC’s flagship Greenland Amitsoq Graphite Project, has amongst the highest known in-situ graphite grades globally at 20.41% TGC, potential purity is 99.95% (a purity essential to the EV battery value chain looking for lower cost natural graphite vs. synthetic graphite). GROC.L’s Thule ...

 PRESS RELEASE

Barrick Reports Solid Q1 Results and Progress on Strategic Growth Obje...

Barrick Reports Solid Q1 Results and Progress on Strategic Growth Objectives First Quarter 2025 ResultsAll amounts expressed in U.S. dollars unless otherwise indicated TORONTO , May 07, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:GOLD1)(TSX:ABX) (“Barrick” or the “Company”) today reported a solid start to the financial year, making significant headway on its long-term strategy and advancing its global portfolio of Tier One2 gold and copper assets. Net earnings per share increased 59% year-on-year to $0.27 with adjusted net earnings per share3 growing by 84% year-on-year to...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch