Barrick Mining (TSX: ABX) (NYSE: B) shocked markets Monday with the abrupt resignation of president and CEO Mark Bristow, who departs after nearly seven years at the helm without explanation.
Bristow, who steered Barrick since its 2019 merger with Randgold, will be replaced on an interim basis by Mark Hill, a veteran executive overseeing the miner’s Latin American and Asia Pacific regions. Hill, with the company for two decades, takes charge immediately as the board launches a global search for a permanent successor with the help of an external firm.
The leadership shake-up drew surprise on Bay Street. Alexander Hacking, an analyst at Citigroup Inc. who covers Barrick, noted that Bristow had previously said he planned to remain until Reko Diq, the company’s massive copper-gold project in Pakistan, began production in 2028.
“One question is whether this will lead to bigger changes at Barrick,”…
