Summary: Barrick Gold Corp. Dec 10
- ID: 1807612
- December 2010
- Standard & Poors
The ratings on Toronto-based Barrick Gold Corp. reflect Standard & Poor's Ratings Services' view of the company's position as the world's largest gold producer, with a broad base of operations, below-average cash costs, and a modest financial risk profile characterized by strong profitability and liquidity. We believe these strengths are counterbalanced somewhat by the company's narrow product diversity and its exposure to volatile gold and copper prices, rising operating costs, and large capital expenditure plans. Barrick's breadth of low-cost mines supports our view of its satisfactory business risk profile. The company has proven and probable reserves of 140 million ounces (oz), which notionally should sustain current production for almost 20 years. Like many of its senior gold-producing peers, Barrick's output...
Companies mentioned in this report are: Barrick Gold Corp.
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