Barrick Announces Leadership Transition

Rhea-AI Summary

Barrick Mining Corporation (NYSE:B) announced a significant leadership transition with the immediate appointment of Mark Hill as Group COO and Interim President & CEO, following Mark Bristow's departure after nearly seven years at the helm.

Hill, currently overseeing Barrick's Latam and Asia Pacific regions, brings 30 years of mining industry experience. Under Bristow's leadership since the 2019 Randgold merger, Barrick has returned $6.7 billion to shareholders and reduced net debt by $4 billion. The Board's Search Committee, led by Brett Harvey, has initiated a search for a permanent CEO with support from a leading executive search firm.

Positive

• None.

Negative

• Unexpected departure of successful CEO Mark Bristow
• Potential leadership uncertainty during transition period

News Market Reaction

-3.89%

1 alert

-3.89% News Effect

On the day this news was published, B declined 3.89%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

Mark Hill Appointed Group COO and Interim President & CEO

Search Underway to Identify Successor President & CEO

All amounts expressed in U.S. dollars

TORONTO, Sept. 29, 2025 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”) today announced that the Company’s Board of Directors (the “Board”) has appointed Mark Hill as Group COO and Interim President and Chief Executive Officer, effective immediately, following the departure of Mark Bristow.

Mark Hill, who is currently responsible for Barrick’s Latam and Asia Pacific regions, is a seasoned mining executive with 30 years of experience. He joined Barrick in 2006 and has experience in strategy, corporate development and leading major projects across the world, and was also integral in the initial decision to undertake exploration at the Fourmile gold project in Nevada. The Search Committee of the Board, chaired by Brett Harvey, has embarked on a process with the support of a leading executive search firm to identify a permanent President and CEO.

Mark Bristow is stepping down as President and CEO after nearly seven years having joined Barrick following Barrick’s merger with Randgold in 2019. Mark Bristow led the successful integration of the two companies, and during his tenure made significant investments in Barrick’s world-class assets to better position Barrick to maintain profitable gold and copper growth. Since the merger with Randgold in 2019, Barrick has returned $6.7 billion to shareholders and reduced net debt by $4 billion. Most recently, the Company delivered solid Q2 operating performance, strong cash flows, an enhanced quarterly dividend and strong share price performance.

John Thornton, Chairman of the Board, 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 caliber, experience and deep knowledge of the Company will ensure we maintain momentum. The Board is committed to both finding the right leader to fully capitalize on Barrick’s world-class assets and capabilities, and to driving improved performance, growth and shareholder value,” added Mr. Thornton.

The Company continues to perform in line with our Full Year expectations as set out at Q2 results on August 11, 2025.

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

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 is the new interim CEO of Barrick Mining (NYSE:B)?

Mark Hill has been appointed as Group COO and Interim President & CEO, bringing 30 years of mining industry experience and extensive knowledge of Barrick's operations.

Why did Mark Bristow leave Barrick Mining?

The press release does not specify the reason for Mark Bristow's departure. He is stepping down after nearly seven years as President and CEO, during which he led the successful integration with Randgold and strengthened the company's portfolio.

What are Mark Hill's qualifications to lead Barrick Mining?

Mark Hill has 30 years of mining industry experience, currently manages Barrick's Latam and Asia Pacific regions, and has extensive experience in strategy, corporate development, and leading major projects globally.

How has Barrick Mining performed under Mark Bristow's leadership since 2019?

Under Bristow's leadership since the 2019 Randgold merger, Barrick has returned $6.7 billion to shareholders, reduced net debt by $4 billion, and delivered strong Q2 performance with enhanced quarterly dividends.

What is Barrick Mining's plan for selecting a permanent CEO?

Barrick's Board Search Committee, chaired by Brett Harvey, has initiated a search process with support from a leading executive search firm to identify a permanent President and CEO.