Peter Munk built Barrick Gold Corp. into the world’s largest gold producer by expanding into Africa and South America. Now former Goldman Sachs Group Inc. President John Thornton is betting on China to help revive the beleaguered company’s fortunes.
– Barrick Gold Corp. founder Peter Munk sees a successor in former Goldman Sachs Group Inc. President John Thornton as the world’s biggest gold miner tries to reverse a 54 percent plunge in market value in the past year.
Barrick Gold Corp., the world’s biggest producer by sales, agreed in principle with the Dominican Republic on changes to the lease for its Pueblo Viejo mine that would give more revenue to the government.
Barrick Gold Corp. and Newmont Mining Corp. blamed each other for a breakdown in merger talks, the latest of several failed attempts over more than two decades to combine the world’s largest gold producers and extract cost savings from adjacent U.S. mining operations.