GOLD - Barrick Gold Corporation (GOLD) Q4 2023 Earnings Call Transcript
2024-02-14 16:42:07 ET
Barrick Gold Corporation (GOLD)
Q4 2023 Earnings Conference Call
February 14 2024 11:00 AM ET
Company Participants
Mark Bristow - President and CEO
Graham Shuttleworth - Senior Executive Vice-President, CFO
Simon Jimenez - Chief Advisor, Strategy & Human Rights
Conference Call Participants
Greg Barnes - TD
Lawson Winder - Bank of America
Ralph Profiti - Eight Capital
Jackie Przybylowski - BMO Capital Markets
Martin Pradier - Veritas Investment Research Corporation
Daniel Major - UBS
Bob Brackett - Bernstein Research
Tanya Jakusconek - Scotiabank
Presentation
Operator
Thank you for standing by. This is the event operator. Welcome to Barrick's Results Presentation for the Fourth Quarter of 2023. Following today's presentation, a question-and-answer session will be conducted. [Operator Instructions] As a reminder, this event is being recorded and a replay will be available on Barrick’s website later today, February 14, 2024.
I would now like to turn you over to Mark Bristow, President and CEO of Barrick. Please go ahead, sir.
Mark Bristow
Thank you very much and very good morning and good afternoon to everyone today. I want to start this presentation with some reflection back to the time of the merger where we committed to a clear strategy for building the new Barrick into the world's most valued mining company. And move on now to today, 5 years on, it's clear that we've come a long way in realizing that objective. As I'll show you through my presentation, our focus on Tier 1 assets has delivered a peerless gold portfolio with meaningful potential for further growth, matched only by the significant ramp up of our copper business over the next 4 years.
Maintaining Barrick's unique record for replenishing our asset base, we have placed more than -- we have replaced more than 140% of our gold reserves since 2019 and more importantly at the same grade, which is critical.
In Tanzania, our Twiga joint venture success has demonstrated the power of our partnership approach, and we are aiming to replicate that at many of our other operations, including Porgera and Reko Diq.
Our belief that combining the best assets with the best people will yield the best returns has produced an industry leading production profile backed by a strong balance sheet and sustainable dividend and capital return policy. Under every heading, asset quality, operational excellence, peerless people and sustainable profitability, we have now ticked virtually every box on our report card.
As this presentation includes some forward-looking information, I'll start with the usual cautionary statement, which if you are so inclined, you can read it at your leisure on the website....
Barrick Gold Corporation (GOLD) Q4 2023 Earnings Call Transcript