Barrick Gold CEO on Gold Prices, Inflation, Earnings

The video discusses the current state of inflation, driven by oil prices and global supply chains, and its impact on the economy. It explores Barrick's strategy in balancing gold and copper mining, emphasizing the importance of copper for future growth. The discussion also covers China's economic influence and the strategic considerations for mergers and acquisitions in the mining sector.

What is one of the main factors contributing to the current stickiness of inflation?

• Decreased oil production

• High employment rates

• Global supply chain issues

• Increased consumer spending

What is the company's priority in terms of asset acquisition?

• Tier 1 copper assets

• Tier 2 gold assets

• Tier 1 gold assets

• Tier 2 copper assets

How does the company view the current state of the copper market?

• It is under pressure

• It is oversupplied

• It is declining

• It is stable

What is the company's projected percentage of business in copper by the end of the decade?

• 40%

• 10%

• 20%

• 30%

Why is copper considered a strategic metal for the future?

• It is a substitute for oil

• It is used in traditional manufacturing

• It is essential for the energy transition

• It is abundant and cheap

What is the company's approach to growth in the current market?

• Aggressively pursue mergers

• Prioritize organic growth

• Focus on short-term gains

• Invest in iron ore

What is the company's stance on mergers and acquisitions?

• They are avoided at all costs

• They are the primary focus

• They require careful planning and market support

• They are a short-term strategy