Barrick's Debt Reduction Plan: Is an Asset Sale Looming?

The video discusses a company's strategy to reduce its debt to $5 billion, heavily relying on gold prices. The company aims for zero corporate debt in the long term, focusing on maintaining a strong investment grade. Instead of increasing production, the company prioritizes improving margins by trimming costs and selling non-core assets. Key assets like the Kalgoorlie super pit are under consideration for sale, depending on valuation. The company remains committed to strategic divestments without fire sales, leveraging the current high gold prices.

What is the company's target for total debt in the near to medium term?

• 5 billion

• 20 billion

• 15 billion

• 10 billion

By when does the company aim to achieve zero corporate debt?

• Within the next year

• Within the decade

• Within the next five years

• Within the next two decades

What is the company's primary focus instead of increasing production targets?

• Expanding into new markets

• Improving margins

• Hiring more employees

• Developing new technologies

Which asset is involved in a stalemate between the company and Newmont Mining?

• Porgera in Papua New Guinea

• Kalgoorlie super pit in Australia

• Zaldivar coppermind

• Acacia in Africa

What is the company's strategy regarding non-core mines?

• Leasing to other companies

• Holding indefinitely

• Immediate sale at any price

• Divestment at full value