Barrick Gold Corporation (NYSE:GOLD) Q2 2024 Earnings Conference Call August 12, 2024 11:00 AM ET

Company Participants

Mark Bristow - President and Chief Executive Officer
Graham Shuttleworth - Senior Executive Vice-President, Chief Financial Officer
Simon Jimenez - Chief Advisor, Strategy & Human Rights
John Steele - Metallurgy, Engineering and Capital Projects Executive
Simon Bottoms - Mineral Resource Management and Evaluation Executive

Conference Call Participants

Lawson Winder - Bank of America
Josh Wolfson - RBC Capital Markets
Brian MacArthur - Raymond James
Anita Soni - CIBC World Markets
Ralph Profiti - Eight Capital
Steve Green - TD Securities
Daniel Major - UBS
Bob Brackett - Bernstein Research
Mike Parkin - National Bank
Tanya Jakusconek - Scotia Capital

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 2024. 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 12, 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 those here at the Barrick corporate office and across the globe. Welcome to the quarter two results presentation.

So at the halfway mark of 2024, it's gratifying to report that our performance has been picking up as we work to meet our production guidance for the year. As important as our operations is the progress we are making in advancing our major growth projects. As I will show you during this presentation, a new potential Tier 1 gold mine, 100% owned by Barrick, is taking shape in Nevada. Our copper business is on track for a transformative expansion and the enlarged and upgraded Pablo Viejo is getting into its stride for a new 20-year stretch as a world-class producer.

These mines will be delivering new gold and copper into the market at a highly opportune time, demonstrating the value of Barrick's long-term planning and investment strategy, as well as the enormous upside optionality embedded in our asset base. This is the customary cautionary notice regarding forward-looking information. And for those who wants to study it further, you'll find it in full on our website.

Starting with the group highlights, the safety, financial, and operational results for the past quarter all point in the right direction, reflecting a business that is delivering across the board. Rising production and increasing margins provide the foundation for a strong second-half, while the financials augur well for our ability to fund our growth and so sustain the delivery of value to our shareholders.