BRIEF-Barrick comments from conference call

Thu Feb 19, 2015 10:31am EST
 
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Feb 19 (Reuters) - Barrick Gold Corp : * Executive chair thornton says "our thesis is that when companies falter, it

is usually because they have forgotten their original dna" * Gold's thornton says "our focus is gold and we have no plans to add to our

existing copper position" * Says encouraged by talks with zambian gov't regarding lumwana asset, but no

definitive solution yet * Says has agreed to work expeditiously to arrive at a mutually acceptable

outcome that would allow lumwana to remain in operation * Says if no resolution is reached the mine will be mothballed by June this

year * Says its debt reduction plan will be funded via free cash flow, asset sales,

possible jvs; co has no equity issuance plans for now