DENVER, Sept 14 (Reuters) - The chief executive of Barrick Gold Corp (ABX.TO) said on Monday that the world's largest gold producer will use excess cash from higher production and cost savings for acquisitions and to increase its reserves.

"We will ... be looking at acquisitions to the extent that we want to continue to replace and increase resources through explorations," CEO Aaron Regent told Reuters.

He gave no details of potential targets.

Barrick will also use excess cash to fund new mining projects, Regent said in an interview on the sidelines of the Denver Gold Forum. (Reporting by Steve James and Frank Tang)