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Bullboard - Stock Discussion Forum Barrick Gold Corp T.ABX

Alternate Symbol(s):  GOLD

Barrick Gold Corporation is a Canada-based gold and copper producer, which is engaged in the production and sale of gold and copper, as well as related activities, such as exploration and mine development. It has ownership interests in producing gold mines that are located in Argentina, Canada, Cote d'Ivoire, the Democratic Republic of the Congo, the Dominican Republic, Mali, Tanzania and the... see more

TSX:ABX - Post Discussion

Barrick Gold Corp > BMO NYSE
View:
Post by Dibah420 on Feb 28, 2022 5:16pm

BMO NYSE

February 28, 2022 | 11:50 ET~

Barrick Gold GOLD-NYSE ABX-TSX Rating Outperform
Price: Feb-25 $22.56 Target $26.00 Total Rtn 17%
Highlights From the 2022 BMO Global Metals & Mining Conference Bottom Line:

Mark Bristow, President & Chief Executive Officer of Barrick Gold, presented at the 2022 BMO Global Metals & Mining Conference. Key Points
• Mr. Bristow discussed the company’s strategy over the last couple of years and highlighted recent success on several key performance indicators, including the third consecutive year of delivering on gold and copper production guidance, the replacement of reserves net of depletion, and material increases in shareholder returns.
• Barrick delivered a strong 2021 with gold production of 4.44 Moz, anchored by strong performances from Nevada Gold Mines, which achieved the highest quarterly production since its formation in 2019.
Copper production was 415 Mlb in 2021, driven by strong Q4 results at Lumwana and Jabal Sayid.
• Mr. Bristow touched upon the company’s financials, where Barrick generated US$1.9 billion in free cash flow in 2021 and achieved zero net debt at the end of 2021.
The company returned US$1.4 billion in cash to shareholders in 2021 and has announced a US$1 billion buyback program for 2022.
• Mr. Bristow highlighted Barrick’s five-year production and cost plan supported by six tier-1 mines, with production maintained at ~5 Moz coupled with declining gold capital expenditures and all-in sustaining costs.
• Mr. Bristow noted Barrick's leverage to rising commodity prices. For every US$100/oz increase in the gold price, the company's attributable free cash flow grows by US$1.5 billion.
For every US$0.50/lb increase in the copper price, the company's attributable free cash flow grows by US$0.8 billion.
• Mr. Bristow moved to the importance of ESG and how it remains one of the company's top areas of consideration as investors incorporate these factors into their investment decisions. Metals & Mining Jackie Przybylowski, P.Eng., CFA Analyst jackie.przybylowski@bmo.com (416) 359-6388 Emma Williams Associate emma.williams@bmo.com (647) 919-2830 Denis Lantsov
Comment by Matteo1234 on Feb 28, 2022 9:03pm
20% copper Pappy. Stayhard
Comment by Matteo1234 on Feb 28, 2022 9:22pm
The ACE had to put the clown on ignore. The guy made 3 fake accounts , so he can give himself 3 likes for each post. Doorknob. Stayhard
Comment by ErikThorvaldson on Feb 28, 2022 10:34pm
This post has been removed in accordance with Community Policy
Comment by ErikThorvaldson on Feb 28, 2022 10:35pm
This post has been removed in accordance with Community Policy
Comment by ErikThorvaldson on Feb 28, 2022 10:36pm
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Comment by Matteo1234 on Mar 01, 2022 2:39am
The ACE thinks you missed out on the biggest rally in the s and p and other indexes while you were all in Gold stocks that were negative for the year. I feel your pain Pappy. A typical retail fomo chaser. Fake accounts to hide your pain. Stayhard doorknob
Comment by Matteo1234 on Mar 01, 2022 3:20am
Don't get your panties in a knot Yolo. The ACE says 3 alias guy{ gives himself 3 likes on each post} who attacks strangers is a pimpled kid living in Mommies basement. Missing out on the greatest rally in history has made you bitter. Don't blame others pappy. I have traded in and out of MJ stocks and made a killing. Yolo. Also BITCOIN. Your kee deep in commodities which are just starting ...more  
Comment by ErikThorvaldson on Mar 01, 2022 3:36am
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Comment by Matteo1234 on Mar 01, 2022 3:54am
You mean how many grams in a oz = 28 = 16 in a pound. Chill Bra , go play with your groupies and let the ACE mint money. As a pyshcology major you are qickly diagnosed as an insecure beta male from an unloved abusive family home. So I will let you be. You don't know me. so go fry some fish somehere else. I will not bother with you anymore. I cut my losses quickly Poser. Stayhard
Comment by ErikThorvaldson on Mar 01, 2022 7:23am
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Comment by ErikThorvaldson on Mar 01, 2022 7:28am
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