Ask Peter Munk, the founder and former chairman of Barrick Gold Corp., whom he most admires in the mining industry, and you get a passionate, digressive response, along with a possible clue to the direction of the world’s largest gold producer.
Barrick Gold Corp. Chairman Peter Munk said spinning off assets as part of a proposed merger with Newmont Mining Corp. would help reduce risk at a time when investors have become increasingly concerned about the hazards of operating in politically volatile countries.
Barrick Gold Corp. Chairman Peter Munk says he finds it impossible to accurately predict the value of the precious metal being produced every day by the mining company he founded more than three decades ago.
John Thornton’s start tomorrow as chairman of Barrick Gold Corp., succeeding founder Peter Munk at the largest gold producer, is being overshadowed by the acrimonious failure of merger talks with its biggest rival and opposition to executive compensation plans.
A week before Barrick Gold Corp. Chairman Peter Munk retires, his successor John Thornton is emerging as a dealmaker as the former Goldman Sachs Group Inc. banker pursues a bid to combine the two biggest gold miners.
Barrick Gold Corp. said founder Peter Munk will retire after more than 30 years with the world’s biggest gold producer and it nominated four new directors after some investors criticized the independence of its board.
Barrick Gold Corp. is discussing the succession of Chairman Peter Munk, who previously announced his intention to retire, and expects governance changes to take effect at the company’s next annual general meeting.