Overview

• Barrick appointed Mark Hill as Group COO and interim President & CEO effective immediately, and the board’s search committee chaired by Brett Harvey has engaged an executive search firm.
• Hill, a 30-year mining veteran who joined Barrick in 2006, led the Latin America and Asia Pacific regions and helped initiate exploration at Nevada’s Fourmile project.
• Mark Bristow departs after nearly seven years marked by integration and capital returns as well as government disputes in Tanzania, Papua New Guinea and Mali that included a roughly US$1‑billion writedown, with shares lagging peers and a proxy adviser criticizing his 2023 pay following safety fatalities.
• Barrick reiterated that operating and financial performance remain in line with the full‑year expectations outlined with its August Q2 results.
• Executive chair John Thornton thanked Bristow and said Hill’s appointment is intended to maintain momentum while the board focuses on improved performance, growth and shareholder value.