Barrick CEO Bristow on Gold Output, Cash Flow, M&A

The transcript discusses Barrick's production and financial performance, emphasizing the importance of producing profitable gold and maintaining long-term strategies. It highlights the challenges in mining, such as fluctuating share prices and the need for strategic investments. The company focuses on building value through Tier 1 assets and has strengthened its financial position. Barrick is cautious about mergers and acquisitions, preferring value-driven deals. The company is also investing in copper, a key metal for the energy transition, with plans to extend the life of its mines.

What is Barrick's primary focus in gold production?

• Maximizing the volume of gold produced

• Producing as much gold as possible

• Focusing on profitable gold production

• Reducing production costs

What was a key outcome of Barrick's joint venture with Randgold?

• Growth in reserves and synergies in Nevada

• Decreased gold reserves

• Increased production costs

• Reduction in workforce

What is one of the hardest challenges in mining according to the transcript?

• Managing daily operational challenges

• Reducing environmental impact

• Increasing workforce efficiency

• Finding new markets

How has Barrick addressed the issue of negative free cash flow?

• By increasing production costs

• By focusing on long-term value creation

• By selling off assets

• By reducing exploration activities

What is Barrick's approach to mergers and acquisitions?

• Merging with any available company

• Avoiding all mergers and acquisitions

• Acquiring companies to increase size

• Focusing on value-driven mergers

What is Barrick's strategy for its copper investments?

• Reducing copper production

• Focusing on short-term gains

• Extending the life of copper mines

• Selling copper assets

What is the expected outcome of Barrick's investment in its copper mines?

• Reduced workforce

• Increased production profile

• Shortened mine life

• Decreased production