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‘We definitely need more assets in Canada,’ Barrick’s new CEO says [Business News Network (BNN) Energy & Resources (Canada)]

Barrick Gold Corp (ABX)  More Company Research Source: Business News Network
Last barrick gold corp earnings: 10/24 05:05 pm Check Earnings Report
US:NYSE Investor Relations: barrick.com/investors/default.aspx
PDF ‘We definitely need more assets in Canada,’ Barrick’s new CEO says Barrick Gold Corp. ( ABX.TO ) needs more assets in Canada, the gold miner’s new chief executive officer said Wednesday, on the company’s first day of trading since its recent acquisition of Randgold Resources Ltd. “Barrick is back,” 59-year-old Mark Bristow told BNN Bloomberg in an interview from the New York Stock Exchange. “We should be proud of being team players in the Barrick family, and one of the things that I really am focused on is we definitely need more assets in Canada. ” Barrick currently operates just one mine in the country – Hemlo Mines – east of Thunder Bay, Ont. “Don’t get too hung up right now on us only having Hemlo,” Bristow added. “We’re definitely focused on growing this business and you’re correct if you’re recognizing that we’re underweight in our investments in Canada.” Bristow said he would be looking for what the company refers to as Tier 1 assets, ones that produce 500,000 ounces of gold an [Read more]
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