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Barrick Gold Chairman's Total Compensation Boosted in 2016

John Thornton.

John Thornton.

Photographer: David Paul Morris/Bloomberg
Updated on

Barrick Gold Corp. awarded Executive Chairman John Thornton $8.5 million in total compensation last year, more than double what he received in 2015 when he gave up his bonus in the wake of investor criticism of pay packages at the world’s largest gold producer.

Thornton received a salary of $2.5 million, long-term incentives of $5.32 million, $307,198 in other compensation and a pension value of $375,000, the Toronto-based miner said Friday in a regulatory filing. “A significant majority” of the long-term compensation “must be used to purchase Barrick common shares, which must be held until the later of three years and the date he retires or leaves the company,” Barrick said in the filing.