Precipitate gold stock price12/3/2023 Backtested results are calculated by the retroactive application of a model constructed on the basis of historical data and based on assumptions integral to the model which may or may not be testable and are subject to losses. The results reflect performance of a strategy not historically offered to investors and does not represent returns that any investor actually attained. Backtested performance is not an indicator of future actual results. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements, and undue reliance should not be placed on such statements and information.Disclaimer: The TipRanks Smart Score performance is based on backtested results. In particular, this presentation contains forward-looking statements including, without limitation, with respect to: forward-looking production targets and guidance, including Tongon's ability to achieve its production guidance for 2023 exploration projects at Tongon and the potential to further extend its life of mine future investments in community projects, including in infrastructure, education and disease prevention programs potential mineralization and new discoveries workforce localization and training Barrick's strategy, plans, targets and goals in respect of environmental and social governance issues, including biodiversity initiatives and greenhouse gas emissions reductions and the growth of our partnership with the Ivorian government and local communities.įorward-looking statements are necessarily based upon a number of estimates and assumptions, including material estimates and assumptions related to the factors set forth below that, while considered reasonable by Barrick as at the date of this presentation 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. The words "guidance", "planned", "target", "maintain", "commitment", "potential", "future", "develop", "extend", "drives", "test", "evaluation", "upcoming", "underway" "exploring", "opportunities", "advance", "progress", "prioritized", "developing", "continue", "prospects", "will" and similar expressions identify forward-looking statements. All statements, other than statements of historical fact, are forward-looking statements. Investor and Media Relations Kathy du Plessis +44 20 7557 7738 Email: Cautionary Statement on Forward-Looking InformationĬertain information contained in this presentation, including any information as to Barrick's strategy, plans, or future financial or operating performance, constitutes "forward-looking statements". Regional Operations Manager, West Africa and Saudi Arabia Chiaka Berthe +225 87 93 47 32 At the halfway mark of this year, it is on track to once again achieve its annual production guidance."Ĭôte d'Ivoire Country Manager Fabrice Tamane + 225 (08) 50 66 45 "In spite of the fact that throughout its life Tongon has had to contend with serious operational issues, as well as a challenging socio-political environment, since pouring first gold it has never had an unprofitable quarter, which is a tribute to the dedication of the mine's successive management teams. Barrick has now also been awarded a new exploration permit for Boundiali and drilling is ongoing at the Fonondara conversion project," he said. Exploration has further delivered the Seydou North, Tongon West and Djinni satellite targets adding to the life of mine. "Extending its life will help ensure that Tongon is still able to share the value it creates with all its Ivorian stakeholders continuing its investment in community infrastructure development and income-generating projects. Speaking at a media briefing here today general manager Hilaire Diarra said that since Tongon poured its first gold in 2010, the mine has contributed $2.2 billion to the Ivorian economy in the form of taxes, infrastructure development, salaries and payments to local suppliers. Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) Originally scheduled for closure in 2020, the life of Barrick's Tongon gold mine continues to be extended through successful exploration campaigns.
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