Barrick Gold Corporation
Q2 2022 Earnings Call
Aug 08, 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. This is the conference operator. Welcome to the Barrick 2022 second 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, August 8th, 2022.
I would now like to turn the conference over to Mark Bristow, chief executive officer. Please go ahead, sir.
Mark Bristow -- Chief Executive Officer
Thank you very much, and good morning, and good afternoon, ladies and gentlemen. And welcome to our Quarter 2 results update. At the halfway mark of the year, Barrick's performance and prospects continue to show the steady progress we envisaged at the time of the strategic merger. When we radically changed its trajectory and started the journey toward a future-forward business.
We have built a team and a structure capable of dealing with a range of global economic, social, and political challenges that are getting increasingly complex. We drove ownership of our ore bodies at the mine site and rationalized our portfolio to focus on world-class assets. We've shaken off the debt burden, strengthened the balance sheet, and introduced a dividend policy supported by our sustainably profitable strategy. Our exploration teams continue to replenish reserves depleted by mining and in pursuit of our new Tier 1 discoveries and our growth opportunities.
We've expanded our footprint across all -- nearly all the world's major gold and copper regions. On every front, we're closing in on our goal of becoming the world's most valued mining company. At this point, I draw your attention to the usual cautionary statement shown here and is also available on our website. And now we can get to -- get on to the results for the quarter.
In a testing operating environment, the team produced a stronger performance across the portfolio to keep us on track to meet our production guidance for the year. At the same time, we've made significant progress in advancing our major capital projects, notably the massive expansion of Pueblo Viejo in the Dominican Republic and the start of the public comment stage on the Goldrush development in Nevada. The prospectivity of our copper portfolio is growing, and our energized brownfields and greenfields exploration continues to deliver results. Earnings were ahead of market consensus, and we maintain the quarterly dividend.