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Barrick Gold Corporation

01/12/2021 | Press release | Distributed by Public on 01/12/2021 11:01

Nevada Gold Mines Establishes Employee Giving Program, the Heritage Fund

Initial $500,000 investment supports local communities

ELKO, Nevada - Nevada Gold Mines (NGM) recently launched the company's new employee giving campaign, the Heritage Fund, on December 1st, 2020. The charitable workplace giving program includes an employee-driven campaign to support nonprofit organizations today and an Endowment Fund to support community needs into the future.

Through the Heritage Fund, NGM employees have the option to support non-profit organizations of their choice to reflect personal values, passions and pursuits. NGM provided all 7,000 employees with $25 to start their giving account and will match 120 percent of each employee contribution to qualified organizations or to the Endowment Fund.

NGM also invested an initial $500,000 to kick off the Endowment Fund portion of the program, which will be professionally managed and invested. The Endowment Fund was established as the financial legacy NGM will leave for long-term sustainability in the communities where the company operates.

'We understand and appreciate how important the services are that non-profit organizations provide for our communities,' said Greg Walker, NGM Executive Managing Director. 'NGM strives to be a valued member of our local communities, and it is my hope that the Heritage Fund will be a source of strength in our local communities for many years to come.'

The Heritage Fund is a 501c(3), managed by Executive Director Shane Moss and governed by a nine-person Board of Directors.

'Non-profit organizations play a vital role in our communities and will benefit greatly from our collective support. These causes often assist critical health and human services, important educational and environmental initiatives, community development, and even wildlife and habitat improvement. This is our opportunity to contribute to the organizations that are most meaningful to each of us at NGM and make a positive impact in the communities where we live,' said Heritage Fund Executive Director, Shane Moss.

About Nevada Gold Mines

Nevada Gold Mines is operated by Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) and is a joint venture between Barrick (61.5%) and Newmont (38.5%).

Enquiries

Catherine Raw
COO, North America
Tel: +1 416 307 5157
Email: [email protected]

Greg Walker
Executive Managing Director, Nevada Gold Mines
Tel: +1 702 526 3194
Email: [email protected]

Kathy du Plessis
Investor and media relations
Tel: +44 20 7557 7738
Email: [email protected]