Strong Shareholder Support for Barrick at Annual Meeting

Rhea-AI Summary

Barrick Gold Corporation (NYSE:GOLD) held its annual meeting on May 3, 2022, where shareholders overwhelmingly supported three key resolutions. All eleven nominee directors were elected with over 87% approval, PricewaterhouseCoopers LLP was authorized as auditors with 88% support, and the advisory executive compensation resolution received 93% of votes in favor. Executive Chairman John Thornton expressed gratitude for the shareholders' confidence in the company's leadership and progress toward sustainability.

Positive

• 93% approval for the advisory resolution on executive compensation supports leadership confidence.
• All 11 directors elected with over 87% of shareholder votes, indicating strong investor support.
• PricewaterhouseCoopers LLP appointed as auditors with 88% approval, ensuring solid financial oversight.

Negative

• None.

TORONTO, May 03, 2022 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) – An overwhelming majority of shares voted at the meeting supported the three resolutions put to shareholders at Barrick Gold Corporation’s annual meeting today.

Each of the eleven nominee directors listed in the Information Circular for the 2022 Annual Meeting of Shareholders was elected with at least 87% of the vote, the appointment of PricewaterhouseCoopers LLP as auditors received 88% of the vote and the advisory resolution on the company’s approach to executive compensation gained 93% of the vote.

Executive chairman John Thornton said the board was gratified by the outcome and thanked shareholders particularly for their emphatic demonstration of confidence in Barrick’s leadership and the progress it is making in building a sustainably profitable business, more than capable of dealing effectively with the challenges and changes that face the industry, and the world.

Detailed results of the vote for the election of directors, the appointment of auditors and the advisory resolution on executive compensation are set out below.

Nominee	Votes For	% For	Votes Withheld	% Withheld
D. Mark Bristow	1,140,613,452	99.19%	9,265,531	0.81%
Helen Cai	1,140,640,796	99.20%	9,238,187	0.80%
Gustavo A. Cisneros	1,002,985,227	87.23%	146,893,756	12.77%
Christopher L. Coleman	1,074,654,343	93.46%	75,224,640	6.54%
J. Michael Evans	1,068,880,403	92.96%	80,998,580	7.04%
Brian L. Greenspun	1,091,664,049	94.94%	58,214,934	5.06%
J. Brett Harvey	1,079,124,936	93.85%	70,754,047	6.15%
Anne Kabagambe	1,140,105,168	99.15%	9,773,815	0.85%
Andrew J. Quinn	1,140,362,907	99.17%	9,516,076	0.83%
Loreto Silva	1,116,053,879	97.06%	33,825,104	2.94%
John L. Thornton	1,004,668,858	87.37%	145,210,125	12.63%

Voting results for the resolution approving the appointment of the auditor are as follows:

Votes For	% For	Votes Withheld	% Withheld
1,116,834,090	88.38%	146,909,395	11.62%

Voting results for the advisory resolution on executive compensation are as follows:

Votes For	% For	Votes Against	% Against
1,070,634,153	93.10%	79,315,934	6.90%

Enquiries:

President and CEO Mark Bristow +1 647 205 7694 +44 788 071 1386

Senior EVP and CFO Graham Shuttleworth +1 647 262 2095 +44 779 771 1338

Investor and Media Relations Kathy du Plessis +44 20 7557 7738 Email: barrick@dpapr.com

Website: www.barrick.com

 

FAQ

What were the results of Barrick Gold's annual meeting on May 3, 2022?

Barrick Gold's annual meeting on May 3, 2022, resulted in over 87% approval for all eleven nominee directors, 88% for the appointment of auditors, and 93% for the advisory executive compensation resolution.

What stock symbol represents Barrick Gold Corporation?

The stock symbol for Barrick Gold Corporation is GOLD.

How did shareholders vote on the director nominees at Barrick Gold's annual meeting?

Shareholders voted to elect all eleven directors with at least 87% of the votes cast in favor at Barrick Gold's annual meeting.

Which firm was appointed as auditors for Barrick Gold in 2022?

PricewaterhouseCoopers LLP was appointed as auditors for Barrick Gold Corporation with 88% shareholder approval.

What percentage of votes was in favor of Barrick Gold's executive compensation resolution?

The advisory resolution on executive compensation at Barrick Gold received 93% of votes in favor.