Despite the gold price hitting a record US$2600/oz, Barrick Gold CEO Mark Bristow maintains a conservative approach to capital management, prioritizing strong balance sheets and sustainable growth. Bristow emphasizes their commitment to organic pipeline development over acquiring assets at premiums.
Barrick Gold will not stray from its conservative approach to capital management despite the gold price hitting a record US$2600/oz, chief executive Mark Bristow told Mining Journal at the 2024 Gold Forum Americas in Colorado Springs in Denver, US."We are conservative in the way we manage our capital. We like strong balance sheets.
Bristow maintains that his strategy of developing Barrick's organic pipeline will generate superior returns compared to buying assets for premiums."We have unlocked real value without buying it at a significant premium. It is about whether we can survive the cyclicality of our industry and still deliver value to all our stakeholders, and definitely, Barrick is on track to do that," he explained."I absolutely believe that Barrick, within its peer group, is a standout business.
Barrick Gold Gold Price Capital Management Organic Growth M&A
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