Barrick Gold Corporation
Q3 2022 Earnings Call
Nov 03, 2022, 11:00 a.m. ET
Contents:
- Prepared Remarks
- Questions and Answers
- Call Participants
Prepared Remarks:
Operator
Ladies and gentlemen, thank you for standing by. Welcome to the Barrick 2022 third quarter results conference call. [Operator instructions] As a reminder, this conference call is being recorded, and a replay will be available on Barrick's website later today, November 3, 2022. I would now like to turn you over to Mark Bristow, chief executive officer.
Please go ahead, sir.
Mark Bristow -- Chief Executive Officer
Thank you very much, and good afternoon, and good morning, ladies and gentlemen. And again, welcome to our presentation of the Q3 results today, and we present -- for those who don't appreciate it, we are presenting from the London Stock Exchange today, and it's so nice to see those familiar faces and not-so-familiar faces. Yes, it brings back lots of memories for me being here. And also times like we are today, not always up, but also down.
And so I look forward to getting some questions from the floor, and thank you very much for coming out in person today. As I've said many times before, the troubles that have been closing in on the global economy, including the mining sector tightened their grip in the last quarter. And Barrick, however, as I hope I'll be able to demonstrate once again, is well placed to contend with these challenges, thanks to the disciplined execution of our long-term value-creating strategy. We have and still are focused on maintaining a strong balance sheet.
Our dividend policy is delivering sustainable returns, and we continue to extend our life of mine plans to ensure that our 10-year production profile remains intact. Our successful exploration programs are feeding high-quality prospects into an already bulging pipeline. And while our focus is on organic growth, we are also keeping an eye open for value-adding M&A opportunities, albeit that those capable of meeting our strict investment criteria remain few and far between. Please take note of our cautionary statement.
And for those who wish to study it in more detail, it's available on our website. We had a softer quarter in quarter 3, as I'm sure all of you noticed and we guided you to. And it was mainly due to a sequencing at Carlin and Cortez. But a grade uplift and some hard work in the fourth quarter should keep us on track to achieve our 2022 gold production guidance, albeit at the low end of the range.