Higher operating metrics that include lowest total cash cost position as well as highest adjusted EBITDA margin are likely to support sustainable investment in growth and shareholder returns. Moreover, the New Barrick Group will have the ability to generate strong cash flow to support robust investment and return cash to shareholders. It will also have established partnerships with leading Chinese mining companies along with superior scale and the largest gold reserves among senior gold peers such as Goldcorp, Agnico Eagle Mines and Newmont. Recently, the deal was sanctioned by the Royal Court of Jersey, which was the last major step toward the creation of a new breed of gold company. All conditions related to the scheme of arrangement for the share-for-share merger deal have now been waived or satisfied. The transaction is expected to close on Jan 1, 2019.