Barrick CEO Expects Costs to Rise This Year From Pre-Merger Levels

The video discusses Barrick's strategic agenda, focusing on combining top-tier gold assets with a strong management team. Emphasis is placed on team building, corporate culture, and cost management. Challenges in Africa, particularly with Acacia, are addressed, highlighting ongoing negotiations. Plans for asset divestment and potential acquisitions are also discussed, with a focus on maintaining organizational value.

What is the primary focus of Barrick Gold's strategy as discussed in the first section?

• Rapid expansion and growth

• Reducing the number of stakeholders

• Combining top-tier gold assets with a strong management team

• Ruthless cost-cutting

How does Barrick Gold plan to manage its costs in 2019?

• By maintaining the same cost level as the previous year

• By cutting dividends

• By reducing production

• By increasing cash costs compared to the previous year

What is Barrick Gold's approach to dividends and debt?

• Focus on less debt and more dividends

• Increase debt and reduce dividends

• Eliminate dividends entirely

• Maintain high debt levels

What is the main challenge faced by Barrick Gold in Africa?

• Competition from local mining companies

• Issues with its subsidiary Acacia and government relations

• Lack of skilled workforce

• High production costs

What is Barrick Gold's strategy for resolving the issues with Acacia in Africa?

• Increasing production to offset losses

• Ignoring the issues

• Engaging in constructive mediation with stakeholders

• Immediate withdrawal from the region

What is Barrick Gold's approach to asset divestment?

• Sell assets quickly at any price

• Divest assets in a considered way to maintain value

• Avoid selling any assets

• Focus solely on acquiring new assets

What criteria does Barrick Gold use for acquiring new assets?

• Any available asset regardless of type

• Assets that are the cheapest on the market

• Assets that fit their defined tier one and tier two criteria

• Only copper assets