What happened to Barrick Gold CEO?

Did Barrick gold CEO step down?

Quick Summary

• Mark Bristow departed as Barrick Mining's president and CEO after approximately seven years; Mark Hill was appointed interim CEO.
• Barrick's stock has more than doubled in 2025, but lagged behind Newmont over five years.

Did Barrick's CEO Mark Bristow resign after nearly seven years?

Mark Bristow Steps Down as CEO of Barrick, Co-Owner of Congo's Kibali Gold, in Surprise Move. Barrick Gold Corporation, the Canadian mining giant and co-owner of Congo's flagship Kibali Gold mine, confirmed the unexpected resignation of its chief executive, Mark Bristow, after nearly seven years at the helm.

Why is Barrick Gold falling?

Operational issues, investor sentiment, and global risks can drag a stock down, even during a gold bull run. - Are geopolitical risks a big deal for Barrick? Absolutely. Barrick operates in politically unstable regions, so shifts in local policy, taxation, or civil unrest can hurt production and investor confidence.

Is Barrick Gold in debt?

How Much Debt Does Barrick Gold Carry? The chart below, which you can click on for greater detail, shows that Barrick Gold had US$5.20b in debt in December 2024; about the same as the year before. However, because it has a cash reserve of US$4.07b, its net debt is less, at about US$1.12b.

Who is the new CEO of Barrick Gold?

Sign In or Create an Account. Interim chief executive Mark Hill said he's “shifting the focus” to assets in Nevada and the Dominican Republic, where Barrick owns a bundle of lucrative gold mines that have considerable potential to expand.

Who owns 90% of the stock market today?

The wealthiest 10% of Americans own 90% of the stock market. The stock market is NOT the economy. The ECONOMY is daily living costs for food, housing, and medical care. Focus on what matters.

Why is gold no longer a good investment?

Buying physical gold gives investors the flexibility to resell it when needed, but there is no guarantee that investors will get the same market price when they sell, and physical gold does not produce a yield while it is held. As an investment asset, the profit made from selling gold is subject to capital gains tax.

Who is the largest shareholder of Barrick Gold?

Who owns Barrick Mining? Barrick Mining (NYSE: B) is owned by 59.86% institutional shareholders, 0.00% Barrick Mining insiders, and 40.14% retail investors. Capital International Investors is the largest individual Barrick Mining shareholder, owning 101.85M shares representing 6.04% of the company.

Does Berkshire Hathaway still own Barrick Gold?

The 2020 Surprise: Berkshire's Brief Bet on Gold Mining

However, Berkshire Hathaway's position in the gold mining company was relatively short-lived. 6 The company sold off its shares of Barrick Gold by the end of Q4 2020.

Where does Mark Bristow live?

He is married with two sons, and has homes in London, the United States, South Africa, and Mauritius.

Is Barrick a good company?

The company's latest quarterly report fully confirms its strong fundamentals. In the third quarter, Barrick achieved gold production of 829,000 ounces. Operating cash flow reached USD 2.4 billion, marking a significant 82% increase quarter-over-quarter and setting a historical record.

What is the future of Barrick Gold?

The outlook for Barrick Gold stocks appears robust, bolstered by a convergence of positive market, operational, and strategic trends: Gold's Enduring Value: Gold is expected to remain central in diversified portfolios, especially with continued inflation risk and uncertain monetary environments through 2025 and 2026.

Who owns the biggest gold mine in America?

Nevada Gold Mines owns some of the top 10 gold mines. That company is a joint venture owned by Barrick Gold and Newmont — the two largest gold mining companies in the world. Barrick Gold has a 61.5% stake in Nevada Gold Mines, while Newmont has a 38.5% stake.

Why is Warren Buffett against gold?

Warren Buffett avoids investing in gold due to its lack of practical uses and inherent value. Buffett favors silver because it fulfills value investing principles, with its use in industrial and medical applications. Gold, largely used for jewelry, lacks the practical applications Buffett seeks in an investment.

How much did Warren Buffett invest in Barrick Gold?

That's why Buffett's flip-flop on gold sent shockwaves throughout financial markets. After Friday's close, Berkshire unexpectedly announced that, as of the end of the second quarter, it held a $565 million position in Barrick Gold, the world's second largest producer of the metal.

Why is Barrick Gold halted?

Barrick shuttered the Loulo-Gounkoto complex in January after the West African nation blocked exports, seized gold and detained senior employees.

Who is the CEO of Barrick Gold?

Mark Hill was appointed Group COO and Interim President and Chief Executive Officer of Barrick in September 2025.

Why is Bristow leaving Barrick?

Bristow also faced market pressure over several decisions. His push to develop the Reko Diq copper-gold mine in Pakistan and his dispute with the Malian authorities contributed to tensions. Mali accounted for 15% of Barrick's attributable output in 2024.

Did Barrick Gold order to pay $2 million to Ian Hannam's firm for Randgold merger work?

Hannam and his team at Hannam & Partners, that, notwithstanding the lack of an engagement letter, Hannam & Partners' work conferred a “valuable benefit” on the merging parties, for which it was entitled to receive U$2m as a restitutionary quantum meruit (an equitable remedy meaning 'what one has earned').