Barrick CEO Says Cuts to Take Miner Beyond Thornton’s Path
- Chairman helped cash flow by mining higher grade gold: Bristow
- Bristow plans to access lower-grade ore, increasing reserves
This article is for subscribers only.
Mark Bristow, known throughout the gold industry for his relentless focus on costs, is counting on his belt-tightening skills to take Barrick Gold Corp. to the next level.
“John really drove this business on multiple fronts, but his primary focus was the debt,” Barrick CEO Bristow said Wednesday in an interview at Bloomberg’s Toronto office, referring to the miner’s executive chairman, John Thornton. “He really pushed the envelope on cash flow.”