Mark Bristow unveils plans to boost Barrick – fast! The Wall Street Journal

EDINBURGH – Barrick boss Mark Bristow moved to reassure investors that he is going to take immediate steps to refine the newly merged entity formed out of Barrick Gold and Randgold Resources. Trading in the shares of Barrick started in New York and Toronto this week. Its trading symbol on the NYSE is GOLD, the ticker formerly held by Randgold on NASDAQ. On the TSX, the ticker remains ABX. Barrick said that the merger has created a sector-leading gold company which owns five of the industry's Top 10 Tier One gold assets (Cortez and Goldstrike in Nevada, USA (100%); Kibali in DRC (45%); Loulo-Gounkoto in Mali (80%); and Pueblo Viejo in Dominican Republic (60%)), and two with the potential to become Tier One gold assets (Goldrush/Fourmile (100%) and Turquoise Ridge (75%), both in the USA). Barrick has a market capitalization in excess of $23.75 billion and ambitions to be the world's most valued gold mining business. The Wall Street Journal outlines Mark Bristow's first moves towards the company's target. – Jackie Cameron

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