The headwinds facing Barrick and the gold mining industry at large include higher input costs, soaring oil prices, rising exploration costs and higher labor wages. This combination is hurting the entire gold mining sector and it's quickly becoming a matter of who will weather the storm best.
|Barrick Gold CEO Aaron Regent|
What are the key themes you are noticing at BMO's conference? Regent: A lot of investors have been asking question about pressures on costs ... so I think ... cost pressures have been evident in operating costs, numbers are up, capex, expectations for capex and pressure on capital budgets for projects are up so I think that's probably some key themes that investors have been asking about.
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