Barrick Mining (TSX: ABX) has named Mark Hill as their permanent president and CEO. The appointment follows Hill filling the role on an interim basis after the ousting of former CEO Mark Bristow in September.
The appointment, as per Barrick’s board of directors, is a result of “the strong performance of the business under Mark Hill’s leadership.” As a result, Hill is expected to lead the company through the planned separation of Barrick’s North American gold assets.
As part of the appointment, Hill this morning was named as a non-independent director of the board, with Barrick also naming Robert Samek, a former senior partner of McKinsey & Company, to the board.
“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,” commented John Thornton, Chairman of Barrick Mining, on the appointment of Hill.
Samek formerly was the president of McKinsey & Company Canada from 2014 through to 2023, while also serving as managing partnjer of the Americas Mining and Metals / Basic Metals practice from 2015 to 2018.
Barrick separately this morning announced its fourth quarter and full year 2025 operating results, headlned by revenues of $16.96 billion and adjusted net earnings per share of $2.42. Full year gold production was 3.26 million ounces of gold, alongside copper production of 220,000 tonnes.
Barrick Mining last traded at $65.74 on the TSX.
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