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or Name
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Barrick Gold Corp
Symbol ABX
Shares Issued 1,164,669,708
Close 2015-05-01 C$ 15.90
Market Cap C$ 18,518,248,357
Recent Sedar Documents

Inv Reporter comments on Barrick Gold

2015-05-01 21:21 ET - In the News

The Investment Reporter, in its April 24, 2015, issue, comments on Barrick Gold Corp., recently $15.95. The Reporter said buy 22 times from Nov. 17, 1995, to March 1, 2013, at prices ranging from $23.52 to $47.75. Assuming an investment of $1,000 for each of the 22 buys, the $22,000 position would now be worth $11,452. Barrick Gold chairman, John Thornton, is asking for a 36-per-cent increase in his pay to $12.9-million (U.S.). Two prominent proxy advisers are recommending shareholders vote against raising Mr. Thornton's pay. Glass Lewis & Co. is quoted in The Globe and Mail as calling Mr. Thornton's pay package "exorbitant," "excessive" and "extremely risky. Institutional Shareholder Services share the same sentiment; it called Mr. Thornton's pay rise "problematic at a minimum and seemingly unwarranted." Barrick has done poorly, partly due to gold prices. Lower prices are not Mr. Thornton's fault, but to push for a high raise when the company is doing badly shows a lack of judgment. The Reporter concurs with the proxy advisers; just say no to Mr. Thornton's pay increase.

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