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.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
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.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataSince 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.
