Barrick CEO Says Costs Are 'Well Controlled'

The transcript discusses the company's quarterly performance, highlighting sustainability and operational challenges. It addresses cost management, efficiency improvements, and the impact of commodity prices. The conversation shifts to operations in Papua New Guinea, focusing on community ownership and licensing. The discussion also covers the changing business environment, emphasizing the importance of community partnerships and ESG issues. Finally, it explores economic uncertainty and its effects on the gold market.

What was one of the main challenges faced by the company in Nevada?

• Lack of resources

• Regulatory issues

• Operational challenges

• High employee turnover

How does the company plan to address rising costs?

• By outsourcing operations

• By increasing production

• By improving efficiencies

• By reducing workforce

What is a critical component of the licensing process in Papua New Guinea?

• Technological advancements

• Environmental assessments

• Community ownership

• Government subsidies

What is the new way of doing business according to the speaker?

• Focusing solely on profits

• Building partnerships with communities

• Expanding into new markets

• Reducing environmental regulations

What is the speaker's view on the current state of gold prices?

• They are at an all-time high

• They are lower than expected

• They are stable

• They are irrelevant to the market