Barrick Gold Corp.’s top executive says he’s on the hunt for more gold deals -- there just aren’t many appealing choices.
“The industry is still, for me, very fragmented,” Bristow said by phone. “When you look at the really big players, their asset arrangements are questionable.” Bristow wouldn’t weigh in on the prospects of any mega-merger involving the world’s biggest gold companies. Back in 2019, Barrick tried to buy Newmont Mining Corp. in a hostile takeover, but backed off when the companies agreed to a joint venture in Nevada. At the time, Bristow said the miners wouldn’t buy each others shares or enter into any hostilities for the next two years, unless it was a “friendly” deal.
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