Barrick Welcomes Ontario Court of Appeal’s Dismissal of Appeal Concerning North Mara Gold Mine

Barrick (NYSE:B) welcomed the Ontario Court of Appeal's April 8, 2026 dismissal of an appeal by Tanzanian residents related to alleged human rights incidents near the North Mara gold mine.

Rhea-AI Summary

Barrick (NYSE:B) welcomed the Ontario Court of Appeal's April 8, 2026 dismissal of an appeal by Tanzanian residents related to alleged human rights incidents near the North Mara gold mine. The appeal upheld a Superior Court ruling that Ontario is not the proper forum and the matters must be adjudicated in Tanzania.

Evidence in the proceedings reportedly showed the Tanzanian Police Force acted independently of Barrick, and the company reiterated a zero tolerance policy for human rights violations by employees, contractors or third parties.

Positive

• Ontario Court of Appeal dismissed appeal on April 8, 2026
• Superior Court ruling affirmed: forum is Tanzania, not Ontario
• Evidence in case found Tanzanian Police acted independently of Barrick

Negative

• Civil claims alleging human rights abuses were filed related to North Mara
• Disputes must be litigated in Tanzania, creating jurisdictional and operational uncertainty

Argus Apr 8 session

+2.73% close to close Open Argus

Details

News Market Reaction – B

On Apr 8, the day this news came out, B closed 2.73% above the previous close.

Data tracked by StockTitan Argus for the Apr 8 session.

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TORONTO, April 08, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today welcomed the decision by the Ontario Court of Appeal dismissing an appeal by certain Tanzanian residents alleging human rights abuses by members of the Tanzanian Police Force in the vicinity of the Company’s North Mara gold mine. This decision upheld an earlier ruling of the Superior Court of Ontario which found that Ontario is not the appropriate forum to consider these claims and that they must be adjudicated in Tanzania.

Evidence filed during this case established that the Tanzanian Police Force acts independently of Barrick, which maintains a zero tolerance policy for human rights violations by employees, contractors or any third parties acting on its behalf.

Barrick's President and Chief Executive Officer Mark Hill said: “Barrick is proud of our work in Tanzania, which we do in close partnership with all levels of government and our host communities. Our work together creates jobs, drives economic development and improves the lives of many Tanzanians.”

About Barrick Mining Corporation

Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry, Barrick’s operations and projects span 17 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.

Investor Relations Contact

Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
cleveland.rueckert@barrick.com

Media Contact

Brunswick Group
Carole Cable, +44 (0) 20 7404 5959
barrick@brunswickgroup.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What did the Ontario Court of Appeal decide about Barrick's North Mara case (NYSE:B) on April 8, 2026?

The Court dismissed the appeal, ending Ontario as a forum for these claims. According to the company, the decision upholds that the claims must be adjudicated in Tanzania.

Does the April 8, 2026 ruling mean Barrick (B) was found liable for human rights abuses at North Mara?

No, the ruling dismissed the forum appeal and did not find Barrick liable. According to the company, evidence showed Tanzanian Police acted independently of Barrick.

Where will the North Mara human rights claims involving Barrick (B) be adjudicated after the appeal dismissal?

The claims must be heard in Tanzania rather than Ontario. According to the company, the Superior Court and Court of Appeal concluded Tanzanian courts are the appropriate forum.

How did Barrick (NYSE:B) respond publicly to the April 8, 2026 appellate decision on North Mara?

Barrick welcomed the decision and reiterated its zero tolerance human rights policy. According to the company, it emphasised partnerships with government and host communities in Tanzania.

What evidence about the Tanzanian Police Force was noted in the North Mara litigation mentioned on April 8, 2026?

Evidence presented indicated the Tanzanian Police Force acted independently of Barrick. According to the company, that distinction supported the courts' forum decision favouring Tanzania.

Could the April 8, 2026 Ontario appellate decision affect Barrick's (B) legal exposure internationally?

The decision shifts adjudication to Tanzania, potentially changing legal strategy and jurisdictional exposure. According to the company, courts determined Ontario was not the appropriate forum for these claims.