Deals
Randgold CEO Says New Barrick to Focus on Cash-Generating Assets
- High-quality assets will deliver dividends, Mark Bristow says
- Merger of gold miners to provide momentum for consolidation
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Randgold Resources Ltd. Chief Executive Officer Mark Bristow said the company formed by its merger with Barrick Gold Corp. will focus on high-quality assets to generate cash to boost dividends and shareholder value.
The merger between Barrick and Randgold will also provide momentum for further consolidation within the gold industry, which needs to better compete for global investors, Bristow said in an interview after the release of his company’s third-quarter results.