North America 'Got Used To Free Money' Leading To Debt, Unsustainable Businesses: Barrick Gold CEO
North America 'Got Used To Free Money' Leading To Debt, Unsustainable Businesses: Barrick Gold CEO
A modest growth forecast has raised worries, mainly as the country has historically surpassed 7% in previous years.Barrick Gold (NYSE:GOLD) CEO Mark Bristow recently gave his view about the markets and gold reaching a fresh all-time high.
巴里克黃金（紐約證券交易所代碼：GOLD）首席執行官馬克·布里斯托最近對市場和黃金創下歷史新高發表了看法。
In an interview with The Northern Miner, he noted that the escalating price of gold directly results from global risks.
他在接受《北方礦工》採訪時指出，金價上漲直接源於全球風險。
"There are multiple things, but one of them is global risks, and I'm talking about financial risks," Bristow said. The Chinese 5% growth forecasts signal that they're pivoting away from a construction-driven economy, he added.
布里斯托說：“有很多東西，但其中之一是全球風險，我說的是金融風險。”他補充說，中國5％的增長預測表明，他們正在從建築業驅動型經濟轉向。
A modest growth forecast has raised worries, mainly as the country has historically surpassed 7% in previous years.
溫和的增長預測引起了人們的擔憂，這主要是因爲該國在過去幾年中歷史上已超過7％。
"The Western world, particularly the North American Western world, gets very quickly used to things, and they got very used to free money," he said, adding that such a period has led to increased debt levels and unsustainable businesses.
他說：“西方世界，尤其是北美西方世界，很快就習慣了騰出資金，” 他補充說，這樣的時期導致了債務水平的增加和企業的不可持續性。
Geopolitical tensions, including wars in Ukraine, Israel, and the Middle East, along with rising trade protectionism and resource nationalism, are contributing to disruptions in global supply chains. Since Barrick has operations on all the continents, Bristow is closely monitoring these developments.
地緣政治緊張局勢，包括烏克蘭、以色列和中東的戰爭，以及日益抬頭的貿易保護主義和資源民族主義，正在加劇全球供應鏈的中斷。由於巴里克的業務遍及各大洲，布里斯托正在密切關注這些事態發展。
"You analyze the reaction, particularly the political reaction, and it doesn't fit because the world has become so reliant on each other," he said.
他說：“你分析反應，尤其是政治反應，但這不合適，因爲世界已經變得如此依賴對方。”
Shifting focus to Barrick Gold's strategy, Bristow highlights the company's commitment to exploration. Recently, he spoke to Kitco at the BMO Global Metals Conference in Hollywood, Florida, clarifying that Barrick's most effective growth strategy lies in acquiring large mines with long lifespans over managing multiple small mines. He pointed out the importance of investing in greenfield projects, stating that Barick will spend around 60% of its 2024 exploration budget on such projects.
布里斯托將重點轉移到巴里克黃金的戰略上，強調了該公司對勘探的承諾。最近，他在佛羅里達州好萊塢舉行的BMO全球金屬會議上與Kitco進行了交談，澄清說，巴里克最有效的增長戰略是收購壽命長的大型礦山，而不是管理多個小礦山。他指出了投資新建項目的重要性，並表示巴里克將把2024年勘探預算的60％左右花在這些項目上。
Barrick Gold's exploration efforts extend to copper, with projects like the Reko Diq copper-gold project in Pakistan and the Lumwana copper mine's Super Pit expansion in Zambia. The company is also aiming to bring down all-in-sustaining gold mining costs to around $1,000 per ounce, reflecting a focus on operational efficiency.
Barrick Gold的勘探工作擴展到銅，其項目包括巴基斯坦的Reko Diq銅金項目和贊比亞盧姆瓦納銅礦的超級礦坑擴建項目。該公司還計劃將所有可維持的金礦開採成本降至每盎司1,000美元左右，這反映了對運營效率的關注。
譯文內容由第三人軟體翻譯。