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Barrick Gold says addressing compensation, governance issues

Barrick Gold said, "Since the company's 2013 annual meeting, various directors of Barrick have engaged in discussions with Barrick's institutional shareholders to understand their perspectives on Barrick's compensation practices and governance arrangements. The Board is addressing the issues that have been raised with our directors, including the modification of the company's executive compensation arrangements and the rejuvenation of the Board through a combination of departures from the Board and the addition of independent directors. The company's intention is to update the market before year end on these initiatives."