TORONTO, ONTARIO--(Marketwired - Sept. 15, 2016) - Barrick Gold Corporation (NYSE:ABX)(TSX:ABX)
(Barrick or the "company") today reported that the Government of San Juan province, Argentina has announced a temporary
suspension of operations at the Veladero mine pending further inspections of the mine's heap leach area. The company will work
with provincial authorities to confirm the integrity and safety of the heap leach facility as quickly as possible, beginning
today.
The safety of people and the environment remains Barrick's top priority at Veladero. On September 8, 2016 a pipe
carrying process solution in the heap leach area was damaged when it was struck by a large block of ice that had rolled down the
heap leach valley slope. A small quantity of solution left the leach pad as a result. No solution from this damaged pipe reached
any water diversion channels or watercourses and the impacted area in the leach valley has now been remediated. The incident did
not pose any threat to the health of employees, communities or the environment.
Environmental monitoring of surface and sub-surface water has been intensified and no anomalies have been
detected.
At this time, we do not anticipate any material impact to Veladero's 2016 operating guidance.
CAUTIONARY STATEMENT ON FORWARD-LOOKING INFORMATION
Certain information contained in this press release, including any information as to our strategy, projects, plans
or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of
historical fact, are forward-looking statements. The words "will" "expect" and similar expressions identify forward-looking
statements. In particular, this press release contains forward-looking statements including, without limitation, with
respect to Barrick's forward-looking operating and production guidance for its Veladero mine and the company's expectations
regarding future price assumptions, financial performance and Barrick's other outlook or guidance. Forward-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 the company as at the date of this press release 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. 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.
Such factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain
other commodities (such as silver, diesel fuel, natural gas and electricity); failure to comply with environmental and health and
safety laws and regulations; timing of receipt of, or failure to comply with, necessary permits and approvals; the speculative
nature of mineral exploration and development; changes in mineral production performance, exploitation and exploration successes;
diminishing quantities or grades of reserves; increased costs, delays, suspensions and technical challenges associated with the
construction of capital projects; operating or technical difficulties in connection with mining or development activities,
including geotechnical challenges and disruptions in the maintenance or provision of required infrastructure and information
technology systems; the impact of global liquidity and credit availability on the timing of cash flows and the values of assets
and liabilities based on projected future cash flows; the impact of inflation; fluctuations in the currency markets; changes in
U.S. dollar interest rates; changes in national and local government legislation, taxation, controls or regulations and/or
changes in the administration of laws, policies and practices, expropriation or nationalization of property and political or
economic developments in Argentina, Canada, the United States and other jurisdictions in which the company does or may carry on
business in the future; lack of certainty with respect to foreign legal systems, corruption and other factors that are
inconsistent with the rule of law; damage to the company's reputation due to the actual or perceived occurrence of any number of
events, including negative publicity with respect to the company's handling of environmental matters or dealings with community
groups, whether true or not; risk of loss due to acts of war, terrorism, sabotage and civil disturbances; litigation; contests
over title to properties, particularly title to undeveloped properties, or over access to water, power and other required
infrastructure; risks associated with working with partners in jointly controlled assets; employee relations including loss of
key employees; increased costs and physical risks, including extreme weather events and resource shortages, related to climate
change; and availability and increased costs associated with mining inputs and labor.. In addition, there are risks and hazards
associated with the business of mineral exploration, development and mining, including environmental hazards, industrial
accidents, unusual or unexpected formations, pressures, cave-ins, flooding and gold bullion, copper cathode or gold or copper
concentrate losses (and the risk of inadequate insurance, or inability to obtain insurance, to cover these risks).
Many of these uncertainties and contingencies can affect our actual results and could cause actual results to
differ materially from those expressed or implied in any forward-looking statements made by, or on behalf of, us. Readers are
cautioned that forward-looking statements are not guarantees of future performance. All of the forward-looking statements made in
this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual
Information Form on file with the SEC and Canadian provincial securities regulatory authorities for a more detailed discussion of
some of the factors underlying forward-looking statements and the risks that may affect Barrick's ability to achieve the
expectations set forth in the forward-looking statements contained in this press release.
The company disclaims any intention or obligation to update or revise any forward-looking statements whether as a
result of new information, future events or otherwise, except as required by applicable law.