Barrick Gold CEO Sees Slightly Better 2Q Ahead

The transcript discusses the company's financial performance, focusing on free cash flow and production targets despite a softer production quarter. It highlights the impact of global credit constraints and challenges faced by suppliers due to deglobalization. The discussion also covers business costs, growth strategies, and dividend policies. Finally, it provides an outlook on gold prices, emphasizing potential upside due to market conditions and a weaker dollar.

What was a key factor that allowed the company to deliver free cash flow despite a softer production quarter?

• Lower labor expenses

• Higher copper production

• Reduced maintenance costs

• Increased gold prices

How does the company plan to achieve a stronger production in the second half of the year?

• By increasing workforce

• Through technological advancements

• Through maintenance and expansion projects

• By acquiring new mines

What is a significant advantage the company has in a market with rising capital costs?

• Access to regional banks

• Low production costs

• Strong balance sheet

• High net debt

What global trend is affecting the efficiency of the company's supply chain?

• Globalization

• Technological advancements

• Increased labor costs

• Deglobalization

How is the company supporting its suppliers amidst credit constraints?

• By increasing prices

• By finding new suppliers

• By providing financial support

• By reducing orders

What is the company's approach to dividends according to their growth strategy?

• Increasing dividends annually

• Paying dividends only in profitable years

• Maintaining disciplined dividend policies

• Eliminating dividends

What is the company's outlook on the gold price in the current market cycle?

• Predicting stability

• Expecting a decrease

• Forecasting a sharp decline

• Anticipating an upside