Barrick to Focus on 'Challenge' of Acacia in 1Q, CEO Says

The transcript covers discussions on gold price trends, challenges with the Acacia asset in Tanzania, and the mining code in the DRC. It also addresses targets for gold production growth, the impact of the Barrick and Randgold merger, and strategies for future asset acquisitions. The focus is on delivering value to stakeholders and exploring opportunities in the gold industry.

What is the speaker's stance on predicting gold prices?

• They believe it is easy to predict.

• They rely on historical data for predictions.

• They have never been one to predict gold prices.

• They always predict prices will go down.

What is the main challenge with the Acacia asset?

• It has become an orphan in everyone's box.

• It is located in a stable region.

• It is the most profitable asset.

• It has no ownership issues.

What is the company's approach to dealing with the DRC mining code?

• They plan to ignore it.

• They are waiting for election results to engage with new authorities.

• They have no interest in the DRC.

• They plan to sell their assets in the DRC.

What is the company's focus regarding gold production?

• Increasing the volume of gold produced.

• Ensuring long-term business viability.

• Reducing production costs at all costs.

• Focusing solely on short-term profits.

How does the speaker describe their company's performance in the industry?

• As a laggard in financial metrics.

• As a leader in both financial and production metrics.

• As average compared to competitors.

• As struggling to keep up with industry standards.

What is the fundamental building block of Randgold's past value creation?

• Acquiring existing assets.

• Discovery through the drill bit.

• Relying on gold price fluctuations.

• Reducing operational costs.

What is the speaker's view on the gold price's role in the industry?

• It is irrelevant to their strategy.

• It is the sole determinant of success.

• It is a consequential component within the equity equation.

• It is the most important component.