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 target total debt mentioned for the company in the near and medium term?

How does the gold price affect the company's ability to pay down debt?

What is the company's long-term objective regarding corporate debt?

What strategy is the company focusing on instead of increasing production targets?

What is the significance of the Kalgoorlie super pit in the context of the company's assets?