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Loulo-Gounkoto Beats Guidance, Plans to Replace Depleted Reserves

All amounts expressed in US dollars LOULO GOLD MINE, Mali, Feb. 06, 2021 (GLOBE NEWSWIRE) (NYSE:GOLD)(TSX:ABX) Barrick Gold Corporation’s Loulo-Gounkoto mine complex delivered production of 680,215 ounces of gold in 2020, exceeding its full year guidance despite Covid-19 and other challenges 1. At the same time, it improved its safety performance, reducing its Lost Time Injury Frequency Rate 2 by more than half compared to 2019 and achieving a Lost Time Injury Free year in its underground operations. The complex retained its ISO 45001 and ISO 14001 health, safety and environmental certifications. The underground operations have reached a world-class level of automation, hard on the heels of pace-setter Kibali. The two existing underground mines, Yalea and Gara, will shortly be joined by a third when Gounkoto underground delivers its first ore tonnes planned for the second quarter of this year.

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