Barrick Gold President Says Debt Target 'Nicely on Track'

The video discusses the company's progress in reducing its total debt, starting from $13 billion in 2015 to a target of $5 billion by the end of 2018. The company has successfully reduced debt by $1.45 billion in 2017 and plans to continue this trend using cash flow, balance sheet management, and potential divestments. The discussion also covers the company's strategy of not rushing into asset sales unless full value is achieved, highlighting their strong liquidity position and undrawn credit facilities.

What was the company's total debt at the beginning of 2017?

• $5 billion

• $7.9 billion

• $13 billion

• $1.45 billion

How much debt did the company aim to reduce by the end of 2017?

• $3 billion

• $2 billion

• $1.45 billion

• $500 million

What was the company's debt reduction target for 2018?

• $1.45 billion

• $2 billion

• $3 billion

• $5 billion

What was the company's total debt at the start of their reduction journey in 2015?

• $1.45 billion

• $13 billion

• $7.9 billion

• $5 billion

What is the company's strategy regarding divestments?

• Sell all non-core assets

• No divestments planned

• Only consider if full value is received

• Immediate sales to reduce debt