The Financial Post reports in its Thursday edition Mark Bristow thinks managements in the gold sector have done a horrible job in recent years. The Post's Peter Koven says his sentiment is widely shared, but what makes Mr. Bristow, the head of African miner Randgold Resources, unusual among his gold CEO peers is the fact that he publicly criticizes them on a regular basis. He was back at it Wednesday in a presentation to the Bay Street mining types. He said the industry has only produced positive cash flow in four of the last 30 years, and blamed management teams for spoiling the recent bull market by allowing capital spending and debt to rise as fast as earnings. Now the gold industry is trying to sell assets to cut debt and clean up balance sheets. Mr. Bristow does not believe the industry is thinking long-term and making durable plans. Given the "complete crisis" the industry faces, he does see opportunities to pursue acquisitions, but he is not interested in paying full price for the non-core mines that companies such as Barrick are trying to sell. He only wants assets that can deliver value and strong returns at a gold price of $1,000 an ounce. Mr. Bristow singled out Acacia Mining PLC for praise.