07:01:59 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Barrick Gold Corp
Symbol ABX
Shares Issued 1,777,926,611
Close 2020-02-12 C$ 24.39
Market Cap C$ 43,363,630,042
Recent Sedar Documents

Post says Bristow looks to get Barrick to "next level"

2020-02-13 09:11 ET - In the News

The Financial Post reports in its Thursday edition that since Mark Bristow took the helm of Barrick Gold in a transformational merger last year, the company has enjoyed a 42-per-cent surge in its share price amid rising bullion prices and a streamlined portfolio and corporate structure that has won over many investors. The Post's Gabriel Friedman writes that still, Mr. Bristow told the newspaper that the coming year would reveal new, more difficult challenges. "I don't want to sound flippant," he said, "but these last 12 months we set out to do something and we did it, but there was a lot of low hanging fruit. "Now it's the grunt to get it to the next level." Exactly what lies ahead for the miner is a topic of great speculation, not least because Mr. Bristow has publicly mused about adding more copper assets to the company's portfolio, singling out Freeport-McMoRan's Grasberg mine in Indonesia as an asset he would like to acquire. However, he said it was just an idea at this stage. "We're running out of pure gold discoveries," he said, explaining that copper-gold deposits of sufficient size are being discovered more often nowadays. The company is still focused on building a portfolio of Tier 1 gold mines.

© 2024 Canjex Publishing Ltd. All rights reserved.