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Company Response

2 Mar 2020

Barrick Gold

Barrick Gold's response

...Barrick was the first Canadian mining company to be a signatory to Extractive Industries Transparency Initiative (EITI)...In 2014, Barrick joined with our industry peers, NGOs, and the Canadian government to advocate for and develop comprehensive legislation in Canada on revenue transparency in the extractive industry. The resulting legislation – the Extractives Sector Transparency Measures Act (ESTMA) – has entered into force and we have reported on our taxes paid to government on both a project and payee basis since 2016. As a proud EITI member and long-time advocate for revenue transparency, we support the EITI Standard's definition of project-level reporting. Regarding the proposed SEC definition, we believe that a broadly consistent and workable approach to the disclosure of payments and revenues is required...Barrick has consistently pushed for near equivalency across revenue transparency regulations and encourages the SEC to allow the flexibility for companies to continue to report on a project by project basis if it is already doing so in other jurisdictions...