Barrick Announces Board Changes
Rhea-AI Summary
Barrick (NYSE:B) announced on November 26, 2025 that Ben van Beurden has stepped down as a director and as Lead Independent Director. Loreto Silva, an existing non-executive director, will succeed him as Lead Independent Director. The chairman said the board is focused on delivering long-term value and described the company as having industry-leading assets and a strengthened leadership team aligned on strategic priorities.
Positive
- None.
Negative
- None.
News Market Reaction
On the day this news was published, B gained 4.75%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Market Reality Check
Peers on Argus
Gold peers WPM, FNV, AU, AEM and KGC each rose roughly 3–5%, broadly similar to B’s 3.33% gain, while the momentum scanner did not flag a formal sector move. Same-day peer news included a gold stream completion at WPM and director dealings at AU, both with positive price reactions around 3–5%.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Dec 08 | Drug access update | Positive | +2.2% | Leqembi added to China commercial insurance innovative drug list. |
| Dec 08 | Clinical trial clearance | Positive | +2.2% | FDA cleared global Phase IIb trial for CS1 in PAH. |
| Dec 03 | Product launch | Positive | -1.3% | Launch of ETQ Reliance Go cloud-based quality management platform. |
| Dec 02 | Asset divestiture | Neutral | -3.1% | Completed Tongon mine sale with consideration up to $305 million. |
| Dec 01 | IPO evaluation | Positive | +2.4% | Board authorized evaluation of IPO for North American gold assets. |
Recent news skewed positive with mostly supportive price reactions; the main divergence was a selloff on the ETQ product launch headline.
Over early December 2025, B-linked headlines covered strategic and partner developments. The Board authorized exploring an IPO of North American gold assets, which saw a 2.39% gain. Barrick then completed the Tongon mine divestiture for up to $305 million, followed by a 3.07% decline. Separate partner and platform news around Leqembi’s inclusion in a Chinese insurance list and an FDA-cleared Phase IIb trial both coincided with 2.22% gains, while an ETQ software launch saw a modest 1.29% pullback.
Market Pulse Summary
This announcement highlights a change in Barrick’s board leadership, with the Lead Independent Director role transitioning while the company reiterates its focus on long-term shareholder value. The move follows recent strategic steps, including evaluating an IPO of North American gold assets and divesting the Tongon mine for consideration up to $305 million. Investors may watch how the refreshed board oversees execution of these priorities and any future portfolio decisions or capital allocation updates.
AI-generated analysis. Not financial advice.
TORONTO, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) announced today that that Ben van Beurden has stepped down as a Director of the Board and Lead Independent Director. Loreto Silva, a current Non-Executive Director, will succeed as Lead Independent Director.
John Thornton, Chairman of the Board, said: “I would like to thank Ben for his contribution to Barrick and welcome Loreto to the role of Lead Independent Director. The Barrick Board remains focused on delivering long-term value for shareholders. The Company has industry-leading assets and a strengthened leadership team that is fully aligned on delivering our strategic priorities.”
About Barrick Mining Corporation
Barrick is a leading global mining, exploration and development company. With one of the largest portfolios of world-class and long-life gold and copper assets in the industry—including six of the world’s Tier One gold mines—Barrick’s operations and projects span 18 countries and five continents. Barrick is also the largest gold producer in the United States. We create real, long-term value for all stakeholders through responsible mining, strong partnerships and a disciplined approach to growth. Barrick shares trade on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
Investor Relations Contact
Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
cleveland.rueckert@barrick.com
Media Contact
Brunswick Group
Carole Cable, +44 (0) 7974 982 458
barrick@brunswickgroup.com
FAQ
Who succeeded Ben van Beurden as Lead Independent Director at Barrick (B)?
When did Barrick (B) announce the board change involving Ben van Beurden?
Did Ben van Beurden resign from the Barrick (B) board entirely?
What did Barrick (B) say about its board and leadership after the change?
How might the November 26, 2025 board change affect Barrick (B) governance?
