Barrick Responds to Potentially Misleading Reuters Report

Rhea-AI Summary

Barrick Gold clarifies a Reuters article suggesting that the company exports products through Durban port, following a cyber attack that disrupted operations. The statement highlighted could mislead readers into believing that Barrick exports gold or other products from this port in South Africa. The company emphasizes that this is not the case, reaffirming its operational details to avoid confusion. Barrick operates mainly in regions like the Democratic Republic of Congo and Zambia, where other miners like Glencore are active.

Positive

• None.

Negative

• The Reuters article's ambiguous wording could mislead the public regarding Barrick's export operations.

TORONTO, July 23, 2021 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – A Reuters article headlined “Cyber attack disrupts major South African port operations” includes the following statement: “Most of the copper and cobalt mined in the Democratic Republic of Congo and Zambia, where miners such as Glencore and Barrick Gold operate, use Durban to ship cargo out of Africa”.

The ambiguous wording of this sentence could create the erroneous impression that Barrick exports gold or other products through the port of Durban, and the company therefore states emphatically that is not the case.

Enquiries
Investor & media relations
Kathy du Plessis
+44 20 7557 7738
Email: barrick@dpapr.com
Website: www.barrick.com

FAQ

Does Barrick Gold export products through Durban port?

No, Barrick Gold clarifies that it does not export gold or other products through Durban port.

What was the impact of the cyber attack on South African ports for Barrick Gold?

The cyber attack disrupted major port operations, but Barrick Gold states it does not export products through Durban.

What operations does Barrick Gold conduct in the Democratic Republic of Congo?

Barrick Gold operates in the Democratic Republic of Congo, primarily mining gold, but does not export through Durban.