With its balance sheet in better shape, Barrick may consider addressing its mild growth outlook.
Barrick's gold production fell by about 3.5% in 2017 to 5.3 million ounces, and all-in sustaining costs (AISC) crept up slightly by less than 3% to $750 per ounce. Though free cash flow weakened during the year as sustaining capital expenditures rose, the company was still able to reduce debt by nearly $1.5 billion in the year. Management aims to reduce its roughly $6.4 billion debt burden to about $5 billion in 2018. Having made significant progress on strengthening its balance sheet, Barrick w...Barrick Gold is engaged in the production and sale of gold, as well as related activities such as exploration and mine development. Co. also produces copper and hold interests in oil and gas properties located in Canada. Co.'s mining operations are concentrated in three regional business units: North America, South America and Australia Pacific. Co. also hold a 73.9% equity interest in African Barrick Gold plc that owns gold mines and exploration properties in Africa. Co.'s copper business unit contains producing copper mines located in Chile and Zambia; and a mine under construction located in Saudi Arabia.
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