Barrick: Becoming Debt-Free Within a Decade Is in Reach

The video discusses the company's financial strategy, focusing on reducing total debt to 5 billion in the near and medium term, which is dependent on gold prices. The medium-term goal is achievable within three years if gold prices remain favorable. The long-term objective is to eliminate corporate debt, aiming for a strong investment-grade status, while maintaining some project debt for capital efficiency.

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

• 7 billion

• 10 billion

• 5 billion

• 3 billion

How does the gold price affect the company's debt reduction plan?

• Lower gold prices accelerate debt reduction

• Higher gold prices accelerate debt reduction

• Higher gold prices delay debt reduction

• It has no effect

What is the estimated time frame for achieving the 5 billion debt target if gold prices remain stable?

• Ten years

• Five years

• Three years

• One year

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

• Within five years

• Within the decade

• Within two decades

• Never

What is the company's long-term objective regarding its balance sheet?

• To increase corporate debt

• To have the highest debt in the industry

• To maintain some corporate debt

• To have no corporate debt