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Barrick Gold Corporation (GOLD) CEO Mark Bristow Presents at Gold Forum Americas 2021 (Transcript)
2021-09-14 18:48
Summary of Barrick Gold Corporation Conference Call Company Overview - **Company**: Barrick Gold Corporation (NYSE:GOLD) - **Event**: Gold Forum Americas 2021 - **Date**: September 14, 2021 - **Participants**: Mark Bristow (President & CEO), Jackie Przybylowski (BMO Capital Markets) Key Industry Insights - **Discipline in Growth**: The gold industry has shown some discipline in maintaining free cash flows during high gold prices, but concerns remain about long-term sustainability if prices fall [3][5] - **Gold Replacement Issues**: The industry has not replaced the gold mined since 2000, achieving only about 50% replacement on aggregate, with grades now at half of what they were in 2000 [3][4] - **Consolidation Opportunities**: There is frustration over missed opportunities for consolidation in the industry, especially during the recent bull market [4][5] Company Strategy and Performance - **Capital Return Strategy**: Barrick is considering a new capital return strategy, similar to that of Randgold, focusing on sustainable returns and potential consolidation in the industry [6][9] - **Dividend Policy**: The company has a base dividend calculated at a long-term gold price of $1,200, positioning itself favorably compared to peers [8][9] - **Exploration Focus**: Barrick is focusing on greenfield projects, particularly in Nevada and Egypt, with significant potential for new discoveries [12][13][14] Operational Highlights - **Cost Management**: Barrick has achieved over $200 million in supply chain benefits and is managing cost pressures effectively [16] - **Workforce Efficiency**: The company is working on improving workforce efficiency and reducing general and administrative costs [18][19] - **Community Engagement**: Barrick is committed to transparency and community engagement, particularly in its operations at Pueblo Viejo, which contributes significantly to the country's corporate tax revenue [21] Geographic Exposure - **Global Operations**: Barrick has a well-distributed geographic presence, with ongoing projects in Papua New Guinea, Chile, Argentina, and Peru, while also looking to strengthen its position in Canada [23][24] Additional Considerations - **Exploration Challenges**: The gold industry has faced challenges in exploration, with a need for renewed focus on high-quality production areas [14] - **Future Outlook**: The company aims to build real value during uncertain times by exploring new opportunities and maintaining a strong operational foundation [23][24]
Barrick(GOLD) - 2021 Q2 - Earnings Call Transcript
2021-08-09 20:17
Barrick Gold Corp. (NYSE:GOLD) Q2 2021 Earnings Conference Call August 9, 2021 11:00 AM ET Company Participants Mark Bristow - President & CEO Catherine Raw - COO, North America Graham Shuttleworth - Senior EVP & CFO Greg Walker - Executive MD, Nevada Gold Mines Conference Call Participants Greg Barnes - TD Securities Anita Soni - CIBC Capital Markets Michael Jalonen - Bank of America Merrill Lynch Jackie Przybylowski - BMO Capital Markets John Tumazos - John Tumazos Very Independent Research Matthew Murphy ...
Barrick(GOLD) - 2021 Q2 - Earnings Call Presentation
2021-08-09 16:02
BARRICK Results for the Quarter & 6 Months ended June 30, 2021 ... NYSE : GOLD TSX : ABX World class mines. World class people. Bulyanhulu, Tanzania Cautionary Statement on Forward-looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking st ...
Barrick(GOLD) - 2021 Q1 - Earnings Call Presentation
2021-05-08 00:39
BARRICK Results for the quarter ended March 31, 2021... NYSE : GOLD TSX : ABX World class mines. World class people. Cautionary Statement on Forward-looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward looking statements. The words "expect", "t ...
Barrick(GOLD) - 2021 Q1 - Earnings Call Transcript
2021-05-06 00:56
Barrick Gold Corporation (NYSE:GOLD) Q1 2021 Earnings Conference Call May 5, 2021 11:00 AM ET Company Participants Mark Bristow - President & CEO Graham Shuttleworth - CFO Greg Walker - Executive MD of Nevada Gold Mines Mark Hill - COO of Latam & Asia Pacific Conference Call Participants Matthew Murphy - Barclays Josh Wolfson - RBC Capital Markets Greg Barnes - TD Securities Tanya Jakusconek - Scotiabank Mike Parkin - National Bank Kip Keen - S&P Global Brian MacArthur - Raymond James John Tumazos - John Tu ...
Barrick(GOLD) - 2020 Q4 - Earnings Call Transcript
2021-02-19 00:04
Barrick Gold Corporation (NYSE:GOLD) Q4 2020 Earnings Conference Call February 18, 2021 11:00 AM ET Company Participants Mark Bristow - Chief Executive Officer Conference Call Participants Josh Wolfson - RBC Capital Markets Mike Parkin - National Bank Danielle Chigumira - Bernstein Mike Jalonen - Bank of America Anita Soni - CIBC World Markets Matthew Murphy - Barclays Operator Thank you for standing by. This is the conference operator. Welcome to the Barrick 2020 Fourth Quarter Results Conference Call. Dur ...
Barrick(GOLD) - 2020 Q4 - Earnings Call Presentation
2021-02-18 19:12
BARRICK Results for Q4 and year ended December 31, 2020 ... NYSE : GOLD TSX : ABX World class mines. World class people. Power Plant Control Room at Loulo Cautionary Statement on Forward-looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-look ...
Barrick(GOLD) - 2020 Q1 - Earnings Call Presentation
2020-11-06 14:57
BARRICI Results for the Quarter and 9 Months ended 30 September 2020... NYSE : GOLD TSX : ABX World class mines. World class people. Cautionary Statement on Forward Looking Information Certain information contained or incorporated by reference in this presentation, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes "forward-looking statements". All statements, other than statements of historical fact, are forward-looking statements. The wo ...
Barrick(GOLD) - 2020 Q3 - Earnings Call Transcript
2020-11-06 01:27
Barrick Gold Corp. (NYSE:GOLD) Q3 2020 Earnings Conference Call November 5, 2020 11:00 AM ET Company Participants Dennis Mark Bristow - CEO Graham P. Shuttleworth - Barrick Gold Corp. Conference Call Participants Josh Wolfson - RBC Danielle Chigumira - Bernstein Richard Hatch - Berenberg Greg Barnes - TD Securities Howard Flinker - Flinker & Company Cleveland Rueckert - UBS Operator Ladies and gentlemen, thank you for standing by. This is the conference operator. Welcome to the Barrick 2020 Third Quarter Re ...