Last $12.85 USD
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barrick gold corp (ABX) Snapshot

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02/25/14 - $21.45
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barrick gold corp (ABX) Details

Barrick Gold Corporation produces and sells gold and copper. It is also involved in exploration and mine development activities. The company holds interests in various properties located in the United States, Zambia, Chile, Dominican Republic, Argentina, Tanzania, Canada, Saudi Arabia, Australia, Papua New Guinea, and Peru. As of December 31, 2013, the company had proven and probable mineral reserves of 104.1 million ounces of gold and 14.0 billion pounds of copper. Barrick Gold Corporation was founded in 1983 and is headquartered in Toronto, Canada.

24,360 Employees
Last Reported Date: 03/31/14
Founded in 1983

barrick gold corp (ABX) Top Compensated Officers

Total Annual Compensation: $1.1M
Chief Financial Officer and Senior Executive ...
Total Annual Compensation: $825.3K
Compensation as of Fiscal Year 2013.

barrick gold corp (ABX) Key Developments

Barrick Gold Corporation Announces Management Changes

Barrick Gold Corporation announced the appointment of Shaun Usmar as Senior Executive Vice President and Chief Financial Officer Designate. Mr. Usmar will join Barrick on November 24, 2014 and will become Chief Financial Officer on February 18, 2015 following the departure of Ammar Al-Joundi, who will be leaving Barrick after the announcement of the company's year-end results. Mr. Usmar will work with Mr. Al-Joundi until his departure to ensure a smooth transition. Mr. Usmar joined Xstrata in 2002 as a founding member of the leadership team that grew the company into diversified miners at the time of its acquisition by Glencore in 2013. Mr. Usmar was Chief Financial Officer of Xstrata Nickel from 2006-2013.

Barrick Gold Corporation Names Sergio Fuentes as Executive Project Director for Pascua-Lama

Barrick Gold Corporation announced the appointment of Sergio Fuentes as Executive Project Director for Pascua-Lama. Mr. Fuentes was most recently Vice President, Projects for Codelco and has nearly 30 years of mining industry experience, with a proven track record of engineering, optimizing and constructing complex mining projects, including high-altitude operations in the Andes. As executive project director, Mr. Fuentes will focus on optimizing detailed engineering, improving the project's economics and developing a robust execution plan for remaining construction activities at Pascua-Lama. He will work with the project leadership team to advance Pascua-Lama in an environmentally responsible manner, in compliance with legal and regulatory requirements. In the short term, he will lead the completion of final engineering for the water management system in Chile and will work to reduce ongoing care and maintenance expenditures at the project. Mr. Fuentes will work closely with Eduardo Flores, Executive Director, Chile and Guillermo Calo, Executive Director, Argentina to ensure alignment of all project activities in both Chile and Argentina and will support the development of enduring partnerships with governments, communities and other stakeholders in both countries.

Barrick Gold Corporation Names Woo Lee as Head of China Interests

Barrick Gold Corporation has appointed a president in charge of China, an area where the miner's chairman has been trying to cultivate a relationship to lead to new business ventures. Woo Lee, who has close ties to Barrick chairman John Thornton, served as a U.S. State Department representative in Asia for about 15 years. Mr. Lee is the latest in the series of hires Mr. Thornton has made since becoming Barrick's chairman in April, including the taking on of a former British military commander to serve as chief of staff.


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