Barrick Gold Corporation (NYSE:GOLD) Q2 2023 Earnings Conference Call August 8, 2023 11:00 AM ET
Company Participants
Mark Bristow - President & Chief Executive Officer
Graham Shuttleworth - Senior Executive Vice-President & Chief Financial Officer
Conference Call Participants
Jackie Przybylowski - BMO capital Markets
Josh Wolfson - RBC Capital Markets
Lawson Winder - Bank of America
Brian MacArthur - Raymond James
Cleve Rueckert - UBS
Alan Spence - BNP Paribas Exane
Anita Soni - CIBC World Markets
Tanya Jakusconek - Scotiabank
Martin Pradier - Veritas Investment Research
Operator
Ladies and gentlemen, thank you for standing by. This is the event operator. Welcome to Barrick's Results Presentation for the Second 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, August 8, 2023.
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 -- so we’re controlling this. Welcome, everyone. Good afternoon for those across the Atlantic and good morning for those this side of the Atlantic, and a special outcome to all of you who have given up some of the sunny weather outside to join us personally. Thank you for coming. Appreciate it.
I think I felt I should start on a good news story. And that is that -- and I'm sure you all know this, certainly those sitting in the hall here, that we saw the average gold price for the last quarter at an all-time high. And it's interesting, a lot of people are suggesting that the gold price is not performing. It's performing extremely well. And for me, the more interesting part is that some see this as driven by a forecast decline in interest rates. And certainly having recently traveled right around the world, I really believe it's more about a risk on situation as we wrestle with the global economy and de-globalization of the world as a whole, and the fact that China is not -- I don't believe going to get back to where it was, it's certainly going to recover, but not back to where it was. And again, our supply chains and general investment in the economy and upliftment into -- of some of those more challenged economies are going to hurt if we don't stop and invest in it.