Earnings Labs

Barrick Mining Corporation (B)

Q4 2015 Earnings Call· Mon, Feb 8, 2016

$39.17

Key Takeaways · AI generated
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1 Week

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1 Month

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Transcript

Operator

Operator

Hi, and welcome to the Randgold Resources Q4 Results International Conference Call. My name is Faye and I will be your coordinator for today’s conference. For the duration of the call you will be on listen-only. However, at the end, you will have the opportunity to ask questions. I will now hand you over to your host, Mark Bristow, to begin. Thank you.

Mark Bristow

Management

Hi. Good afternoon. Thank you. And welcome to everyone in North America, that's longer that I have seen about a great turn out today and also those who have logged in from both South Africa and Europe and the UK. As you know we presented our results to the market as is customary, but this Cape Town as part of the end of our conference. And so intention to not is, we are and as our whole presentation is on our webcast and so I'll tell you - just quickly walk you through the results in a summary form and then let you ask questions as we do in every quarter. I think just as a quick summary, we as you saw we met our 1.2 million ounce promise and reminded the market today that it was the target that we set out those five years ago, for those who remember how I say this 1 million ounce market, the way it comes as a bit of risk everyone seem just stumbled to get over it and so that’s why we did the 1.2. I think it also highlight the importance of mining is a long term business and its hard to change things over on that tool by quarter end and as Randgold is always – run its business and that is – it’s a long-term business, we set long-term assumptions and we stick to our strategy and work very hard not being seduced by the wins of the market. I think as a result say at some point, it’s with a solid we are growing cash and I think that’s a greatest measure at these times, whether you can constantly deliver. And we've shown that we've not only benefited from the deflation in the industry, but our sales…

Operator

Operator

A - Mark Bristow

Management

Well, are you sure.

Operator

Operator

[Operator Instructions]

Mark Bristow

Management

Well, thank you ladies and gentlemen, I really appreciate you making your time. As I said you know, we're appreciative a lot of the large number of people that phoned in today. +We're glad that we managed to address all you potential questions in the results. But again if you want to ask questions, and you think of any, Graham and I and the team are available, you got to ask our numbers and give us a call or drop a note to Kathy and she will always set up a conference call with the team. Again, thank very much and we'll speak to you next time. We will see you, I think, the next one is BMO Conference down in Florida, and those of you who are not traveling to BMO, we will be traveling to New York for two days, we will try and catch you there, and then on to Toronto for the PDAC, and otherwise, we're back again on the Merrill Lynch conference. Okay. Thank you and good evening or good day.

Operator

Operator

Thank you for joining today's call. You may now replace your handsets.