Barrick CEO says dynamic M&A to result from Covid-19 impacts

The mining industry is set to undergo a paradigm shift in the aftermath of the Covid-19 pandemic that will include a reshaping of corporates, including through “dynamic” mergers and acquisitions, the chief executive officer of Barrick Gold Corporation said.

Mark Bristow, whose Africa-focused miner Randgold Resources merged with Canada-based gold and copper giant Barrick last year, said it was a great opportunity for the mining industry to better showcase the value it creates and redefine itself for the future. 
“Since the Barrick-Randgold deal, there have been a number of deals that have really consolidated the industry, particularly in the gold space,” he said during an earnings conference call.

“We saw deals at the beginning part of...

Published

Andrea Hotter

May 07, 2020

21:19 GMT

New York