Barrick Gold Corporation (NYSE:GOLD) Q3 2023 Results Conference Call November 2, 2023 11:00 AM ET
Company Participants
Mark Bristow - President and Chief Executive Officer
Graham Shuttleworth - Senior Executive Vice-President, Chief Financial Officer
Conference Call Participants
Alan Spence - BNP Paribas
Lawson Winder - Bank of America Securities
Martin Pradier - Veritas Investment Research
Tanya Jakusconek - Scotiabank
Mike Parkin - National Bank
Anita Soni - CIBC World Markets
Jackie Przybylowski - BMO Capital Markets
John Tumazos - Very Independent Research
Operator
Ladies and gentlemen, thank you for standing by. This is the event operator. Welcome to Barrick’s Results Presentation for the Third 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, November 2, 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 operator and good afternoon and good morning ladies and gentlemen. I would start with the current global metals and minerals environment, which really reminds me of the past 2015 years when the mining industry stalled after a very good run.
Compounded this time by inflation pressures and a few or no new discoveries and a chaotic global order. Then as now, it is plagued by the obsessive short-termism of governments and investors alike who demand instant gratification and reach for immediate solutions, dismissing the long-term nature of mining.
Whether you are building a sustainable business or a better world, you need carefully considered strategies and practical plans to achieve one’s goal. Whether that is the global transition to renewable energy or a business that creates and delivers real value to all its stakeholders, wishful thinking won’t get you there.
That is why Barrick has a long-term vision of its future and a strategy which, as I will show you in the course of this presentation is organically designed to deliver value today and growth tomorrow by building real partnerships with our host countries and other key stakeholders.
As every quarter, today, I will be making some forward-looking statements, so please take note of this cautionary statement, which is also available on our website. As you can see from the KPIs, it has been a very busy quarter. Gold and copper production were both up on the previous quarter and have been up quarter one to quarter two, quarter two to quarter three.