The Financial Post reports in its Tuesday edition that the torrent of pandemic-relief money likely means a higher floor price for bullion, according to Barrick Gold. A Bloomberg dispatch to the Post quotes chief executive officer Mark Bristow saying that gold probably has some room to go higher on a real-dollar basis, but the company will continue to make decisions based on a long-term price of $1,200 an ounce. Gold has shot past the record set in September, 2011, in the past month and is trading above $2,000 an ounce. The "base price of gold" is definitely going to rise, Mr. Bristow told Bloomberg. "What is that number? I can't tell you. But it's below the current gold price, I'm sure." Barrick said in its second-quarter earnings statement that it will increase its quarterly cash dividend 14 per cent to 8 cents a share. Strong cash generation shows the quality of Barrick's assets and its ability to capture the full benefit of higher prices. Asked if Barrick had any intentions to move its primary listing to New York or London, Mr. Bristow said, "We are very happy where we are in Canada." Mr. Bristow added that Barrick is "fully engaged" in trying to settle a dispute over its Porgera gold mine in Papua New Guinea.