Gold CEO Blasts ‘Hysterical’ Investors Chasing Quick Cash
- Barrick’s Bristow says money needed to build for the future
- Gold industry needs deal making to remain relevant, CEO says
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Investors are undermining the gold industry’s ability to grow by demanding a bigger share of profits from high prices, according to the CEO of the world’s second-largest producer.
“Fund managers just bash the table and want money -- they’re not interested in this industry reinforcing its foundations,” Barrick Gold Corp. Chief Executive Officer Mark Bristow said in an interview Wednesday. “Then they turn around and get hysterical when a host country demands returns.”