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Barrick Gold Corp
Symbol ABX
Shares Issued 1,165,774,844
Close 2017-04-28 C$ 22.82
Market Cap C$ 26,602,981,940
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Globe says Barrick founder donates $5M for Munk debates

2017-05-01 09:07 ET - In the News

The Globe and Mail reports in its Saturday edition that Peter Munk is making a $5-million pledge to the high-profile debates that bear his name. The Globe's Luke Carroll writes that the pledge to the Munk Debates comes from the Aurea Foundation, which is part of the Peter and Melanie Munk Charitable Foundation and supports the development of public policy. The nearly decade-old debates were established with a $400,000 donation from the foundation to engage and inform Canadians, but Mr. Munk says they were also started as a way to define Toronto as a hub for intellectual discussion. "Toronto has the infrastructure, intellectually, financially, population-wise and, most importantly, curiosity-wise, and that has to be fostered," Mr. Munk said. Over the years, the Barrick Gold founder says he has been asked why the debates have not moved to other cities such as London or New York, but he responds by saying he wants it to remain a distinct Toronto event. "Half the purpose [of the debates] was for broadening the minds of Canadians," Mr. Munk adds. "And establishing Toronto as a place where major events can and should take place, because Toronto deserves it."

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