Barrick Joins Fight Against Covid-19 in Senegal
10 April 2020 - 1:42AM
Barrick Gold Corporation’s country manager for Senegal, David
Mbaye, today presented a cheque for $972,000 to the Minister of
Finance, M Daouda Diallo, in the presence of the Minister of Mines
and Geology, Mme Aissatou Sophie Gueladima, to support the country
in its campaign against the Covid-19 pandemic. The amount has
been contributed jointly by Barrick and its West African logistics
partner, CSTTAO.
Mbaye informed the minister that the company was
also supporting nine villages in its Bambadji permit area as well
as the Saraya and Kedougou hospitals. In addition, he said
Barrick would assist with the procurement and supply of personal
protection equipment through CSTTAO. Of the amount donated,
$850,000 would be allocated at a national level, $10,000 at a
regional level, $55,000 would go to district and local communities
and $57,000 to the Kedougou hospital.
Barrick president and chief executive Mark
Bristow noted that Barrick, through its legacy company Randgold,
had been engaged in Senegal since 1995.
“We have made this donation in the hope that it
will help strengthen the government’s hand in its fight against
Covid-19 and also to demonstrate our continuing partnership with
and commitment to Senegal and its people,” he said.
Barrick last month combined its Massawa project
in Senegal with Teranga Gold Corporation’s nearby Sabodala mine.
Barrick has retained an 11% interest in the combined asset and
Bristow said the company looked forward to contributing to the
value it would create for all stakeholders.
CSTTAO is Barrick’s long-standing logistics
partner in West Africa and held a minority shareholding in Massawa
prior to the sale to Teranga.
Barrick EnquiriesInvestor and
media relationsKathy du Plessis+44 20 7557 7738Email:
barrick@dpapr.com
Website: www.barrick.com
Cautionary Statement on Forward-Looking
Information
Certain information contained in this press release, including
any information as to Barrick’s strategy or future financial or
operating performance, constitutes “forward-looking statements”.
All statements, other than statements of historical fact, are
forward-looking statements. The words “support”, “assist”, “hope”,
“will”, “contribute” and similar expressions identify
forward-looking statements. In particular, this press release
contains forward-looking statements including, without limitation,
with respect to funds and medical supplies to be provided by
Barrick and its logistics partner, CSTTAO, to support villages and
local hospitals and support the national, regional and local
response to Covid-19 in Senegal during the Covid-19 pandemic and
the potential for the Massawa project to create value for Teranga
Gold Corporation and all of its stakeholders.
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 Barrick 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: the risks associated with Covid-19 and
other infectious diseases presenting as major health issues;
failure to comply with environmental and health and safety laws and
regulations; 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; 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 Senegal; lack of
certainty with respect to foreign legal systems, corruption and
other factors that are inconsistent with the rule of law; risks
associated with illegal and artisanal mining; risk of loss due to
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