Boston, MA 06/04/2014 (wallstreetpr) – Barrick Gold Corporation (USA) (NYSE:ABX), the prime gold producer of the world plans to expand its business in Nevada. Last week the Chief Executive officer of the company delivered such progressive attitude.
Barrick Gold Concentrates On Growth Strategies:
Jamie Sokalsky, the CEO of Barrick Gold Corporation (USA) (NYSE:ABX) made this valuable comment a week back and clearly indicated that the company will take up its growth strategies from now onwards. For the whole CEO time, Sokalsky only focused on various factors that helped the company to economize the burden expense and fight the obstacles. Now the CEO has completely changed the scenario of the market by promptly saying on the growth strategies.
Nevada A Prospective Gold Zone:
Last year the company produced almost 40% of its gold from Nevada, and so Barrick Gold intends to expand its business there. While commenting on one of the company’s biggest invested project, Goldrush, Sokalsky stated that it is high time for the company to think about the future and reset the target.
Company’s Achievements:
Fifty seven years old Sokalsky was designated to the CEO post of Toronto based Barrick Gold in June 2012. In the tenure Barrick Gold Corporation (USA) (NYSE:ABX) experienced enormous success, including downsizing of expenses and raising $3 billion in share sale. Despite decline in the gold price, the company managed to cut down its average expenditure in Sokalsky’s period.
However, the company was unable to acquire its biggest opponent, Newmont Mining Corp. last month. The CEO stated that the company will act as a standalone unit and focus on the strategies. In spite of numerous challenges the company faced in the recent days, CEO is trying to navigate the company in the right direction.
Optimist CEO Commented:
The Goldrush project in Nevada may bring positive response and the company is working hard to establish that. The aim of qualitative production from Nevada is the best way to explore the new opportunities and enhance Barrick Gold Corporation (USA) (NYSE:ABX)’s overall performance, the CEO commented.
