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Barrick's New CEO Says Gold Industry Shake-Up Is Just Starting

Barrick starts trading in New York and Toronto after merger
Combined company is led by Randgold’s CEO Mark Bristow

Mark Bristow, Barrick ceo, says there is more upside risk then downside when it comes to the price of gold.Source: Bloomberg)

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By Thomas Biesheuvel

January 2, 2019 at 6:13 PM UTC

Updated on

January 2, 2019 at 11:00 PM UTC

This article is for subscribers only.

Barrick Gold Corp.’s new chief executive officer has a message for the gold industry: This is just the start of a big shake-up.

Barrick agreed to buy smaller rival Randgold Resources Ltd. in a $5.4 billion deal announced in September. As part of the agreement, Randgold’s CEO, Mark Bristow, became the chief executive of Barrick, the world’s biggest gold miner.