Barrick Announces Board Appointments
Rhea-AI Summary
Barrick (NYSE:B) appointed Robert Samek to its Board of Directors and named Mark Hill President and CEO, elevating him to the Board as a Non-Independent Director on Feb 5, 2026. Samek will join the Audit & Risk and Compensation committees and brings 31 years at McKinsey with leadership in mining, AI for energy and capital projects.
The Board cited Hill’s strong operational performance and said his board role will support the planned IPO process for Barrick’s North American gold assets.
Positive
- Mark Hill appointed President and CEO
- Robert Samek added to Board; joins two key committees
- Board support for planned IPO of North American gold assets
Negative
- Mark Hill elevated as a Non-Independent Director
- Board composition changed by two director-related moves
Key Figures
Market Reality Check
Peers on Argus
Barrick’s -0.36% move occurred alongside peers also down: WPM -0.16%, FNV -2.21%, AU -4.17%, AEM -1.11%, KGC -3.2%, indicating a broader downside move across gold names.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 21 | Operating restructuring | Positive | +0.3% | New global operating structure with two main divisions and leadership changes. |
| Jan 14 | Clinical publication | Positive | +0.5% | Peer-reviewed data showing antithrombotic efficacy and Phase I safety results. |
| Jan 13 | Leadership appointments | Positive | +1.4% | New president and senior leaders to support growth and mission focus. |
| Jan 07 | Earnings schedule | Neutral | -1.0% | Announcement of full year and Q4 2025 results release and webcast timing. |
| Jan 07 | Strategic partnership | Positive | -1.0% | Collaboration with a major technology company on humanoid robotics and AI tools. |
Recent news events, often operational or strategic, have mostly seen price moves that align with the positive or neutral tone of the announcements.
Over the past months, news tied to the ticker has centered on operating restructurings, leadership changes, clinical progress, earnings scheduling, and partnerships. Events such as new operating divisions on Jan 21, 2026 and leadership appointments on Jan 13, 2026 saw modest positive reactions. A partnership announcement on Jan 07, 2026 coincided with a negative move, suggesting occasional divergence. Today’s board and CEO appointment news fits this pattern of governance and strategic updates around the business.
Market Pulse Summary
This announcement highlights governance and leadership changes, with a new director joining key committees and the current leader appointed President, CEO and director to oversee a planned IPO of North American gold assets. The addition of extensive mining, AI, and capital projects experience supports the board’s strategic oversight. Investors may watch subsequent disclosures on IPO structure, asset scope, and capital allocation to understand how these appointments translate into long-term execution.
Key Terms
ipo financial
AI-generated analysis. Not financial advice.
Robert Samek and Mark Hill join Board of Directors
TORONTO, Feb. 05, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that Robert Samek has been appointed to its Board of Directors (the “Board”) and will join the Audit & Risk and Compensation committees. In addition, given the strong performance of the business under Mark Hill’s leadership, the Board has appointed him as President and CEO to lead the Company through the planned IPO process of Barrick's North American gold assets, and has elevated him to the Board as a Non-Independent Director.
Mr. Samek, a Canadian national and former Senior Partner of McKinsey & Company, brings significant global experience in energy and materials. Over his thirty-one-year career at McKinsey, he held many senior leadership positions. From 2015 to 2018, he was Managing Partner of the Americas Mining and Metals / Basic Materials practice. From 2010 to 2023, he led the Public Sector practice in Canada, with a focus on natural resources, infrastructure and industrials. He also created and led major new global practice areas for McKinsey: one in AI for energy and mining (2016 to 2023); and another in Capital Projects (2009 to 2015). He was President of McKinsey & Company Canada from 2014 to 2023.
John Thornton, Chairman of the Board, said: “I want to welcome Rob to the Board. He brings exceptional industry knowledge and insights from his distinguished career as a senior adviser to some of the natural resource industry’s biggest companies. His insights and global perspective will be invaluable in helping drive Barrick’s strategy.”
Mr. Thornton continued: “The Board is pleased to welcome Mark Hill as a director. Mark brings the rigor and operational discipline to fully capitalize on Barrick’s world-class assets and capabilities, and to drive improved performance, growth and shareholder value. His deep operational knowledge and sector expertise will be invaluable as the Board oversees the Company’s next stage of development.”
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, Barrick’s operations and projects span 17 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) 20 7404 5959
barrick@brunswickgroup.com
FAQ
Who has Barrick (B) appointed as its new President and CEO on Feb 5, 2026?
What role did Barrick (B) assign to Robert Samek on Feb 5, 2026?
Why did Barrick (B) elevate Mark Hill to the Board as a Non-Independent Director?
How will Robert Samek’s committee assignments affect Barrick (B) governance?
What did Barrick (B) say about the planned IPO of its North American gold assets?
