Barrick Gold President Says Debt Target 'Nicely on Track'

Barrick Gold President Says Debt Target 'Nicely on Track'

Assessment

Interactive Video

Business

University

Hard

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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.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What combination of factors is indicated to support the debt reduction?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the status of the company's liquidity as mentioned in the text?

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