Barrick Mining appoints Mark Hill as interim CEO

Barrick Mining Corporation has announced a leadership transition with the appointment of Mark Hill as group chief operating officer (COO), interim president and CEO, effective immediately.

This appointment follows the departure of Mark Bristow, who stepped down after nearly seven years as president and CEO after Barrick merged with Randgold in 2019.

Invest in Gold

Priority Gold: Up to $15k in Free Silver + Zero Account Fees on Qualifying Purchase Learn More

American Hartford Gold: #1 Precious Metals Dealer in the Nation Learn More

Thor Metals Group: Best Overall Gold IRA Learn More

Powered by Money.com - Yahoo may earn commission from the links above.

Bristow led the integration of the two companies. During his tenure, significant investments were made in Barrick’s assets to maintain profitable gold and copper growth.

Mark Hill, who has been overseeing Barrick's Latin America and Asia-Pacific operation, has three decades of mining experience.

Since joining Barrick in 2006, Hill has experience in strategy, corporate development and leading major projects globally.

He played a crucial role in the initial decision to embark on the exploration of the Fourmile gold project in Nevada.

Since the merger with Randgold, Barrick has returned $6.7bn (C$9.32bn) to shareholders and reduced net debt by $4bn.

Recently, the company reported strong second-quarter performance, robust cash flows and an enhanced dividend.

The Board of Directors has formed a committee, led by Brett Harvey, to begin the process of finding a permanent president and CEO.

Barrick Mining chairman of the board John Thornton said: “On behalf of the Board, I want to thank Mark for his leadership of Barrick. During his tenure, Mark strengthened our portfolio and helped position Barrick as a leading global producer of gold and copper. As a result, the company is well positioned for the next phase of our growth and value creation for all shareholders. We wish Mark the very best for his future.

“We are delighted to welcome Mark Hill as Group COO and interim president and CEO. His calibre, experience and deep knowledge of the company will ensure we maintain momentum. The board is committed to both finding the right leader to fully capitalise on Barrick’s world-class assets and capabilities, and to driving improved performance, growth and shareholder value.”

In early September, Barrick Mining agreed to sell the Hemlo Gold Mine in Canada to Carcetti Capital Corporation for up to $1.09bn.

"Barrick Mining appoints Mark Hill as interim CEO " was originally created and published by Mining Technology, a GlobalData owned brand.

The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.

View Comments