Barrick Names New Leader Amid Transition After Seven-Year Leader Departs
Barrick Mining Corporation, a Canadian multinational mining corporation, has announced the …
30. September 2025
Barrick Names New Leader Amid Transition After Seven-Year Leader Departs
Barrick Mining Corporation, a Canadian multinational mining corporation, has announced the appointment of Mark Hill as group chief operating officer (COO), interim president and CEO, effective immediately. This move follows the departure of Mark Bristow, who stepped down after nearly seven years as president and CEO following Barrick’s merger with Randgold in 2019.
Bristow led the integration of the two companies, a process that began in 2019 when Barrick acquired Randgold for approximately $6 billion. During his tenure, significant investments were made in Barrick’s assets to maintain profitable gold and copper growth. The company reported strong financial results, with net earnings increasing by 22% year-over-year, and returned $6.7 billion to shareholders, representing a return of over 50% of the value created since the merger.
Mark Hill, who has been overseeing Barrick’s Latin America and Asia-Pacific operations, brings three decades of mining experience to the role. Since joining Barrick in 2006, Hill has held various positions, including leading major projects globally and playing a crucial role in the exploration of the Fourmile gold project in Nevada. His extensive experience in strategy, corporate development, and leadership positions him well to drive growth and value creation for the company.
Under Hill’s guidance, Barrick has continued to execute its strategic plan, which includes investing in new assets and projects to maintain profitable growth. The company has also strengthened its balance sheet, reducing net debt by $4 billion since the merger. Recently, Barrick reported strong second-quarter performance, with robust cash flows and an enhanced dividend.
Barrick’s leadership transition marks an important milestone for the company, as it embarks on its next phase of growth and value creation. With Hill at the helm, Barrick is well-positioned to maintain momentum and drive improved performance, while delivering enhanced value to shareholders.
The appointment of Mark Hill as group COO and interim president and CEO demonstrates Barrick’s commitment to attracting and retaining top talent in the mining industry. Hill’s extensive experience and leadership skills make him an ideal candidate to lead the company forward, and his appointment sets the stage for a successful transition period.
Barrick looks to the future with a focus on growth, innovation, and value creation. With its strong financial position and commitment to attracting top talent, the company is poised to capitalize on emerging opportunities in the dynamic and competitive mining industry.
The global mining industry is undergoing significant changes, driven by shifting commodity prices, increasing regulatory scrutiny, and growing environmental concerns. In this context, Barrick’s focus on innovation and growth positions it well to navigate these challenges and capitalize on emerging trends.
As Barrick embarks on its next phase of growth and value creation, the company’s commitment to delivering enhanced value to shareholders will be crucial in driving long-term success. With Hill at the helm, Barrick is poised to build on this momentum, driving improved performance and delivering long-term value to investors.
Barrick Mining Corporation’s recent decision to sell the Hemlo Gold Mine in Canada for up to $1.09 billion represents a significant transaction that will provide valuable capital to fund future growth initiatives. This sale demonstrates the company’s focus on optimizing its portfolio and maximizing shareholder value.
The appointment of Mark Hill as group COO and interim president and CEO is a strategic move by Barrick to drive growth and value creation. With his extensive experience and leadership skills, Hill is well-positioned to lead the company forward and capitalize on emerging opportunities in the mining industry.
Barrick’s strong financial position and commitment to innovation make it an attractive investment opportunity for shareholders. As the company looks to the future, its focus on growth, innovation, and value creation positions it for long-term success in a dynamic and competitive industry.
The global mining industry is characterized by shifting commodity prices, increasing regulatory scrutiny, and growing environmental concerns. In this context, Barrick’s commitment to innovation and growth is crucial in driving long-term success. With Hill at the helm, Barrick is poised to navigate these challenges and capitalize on emerging trends, positioning itself for a strong future.
The appointment of Mark Hill as group COO and interim president and CEO marks an important milestone for Barrick Mining Corporation. As the company embarks on its next phase of growth and value creation, it is clear that Barrick will prioritize innovation, growth, and enhanced value delivery to shareholders, positioning itself for long-term success in a dynamic and competitive industry.
Barrick’s leadership transition sets the stage for a successful period of growth and value creation. With Hill at the helm, the company is well-positioned to maintain momentum and drive improved performance, while delivering enhanced value to shareholders. The company’s commitment to attracting top talent and its strong financial position make it an attractive investment opportunity.
The recent sale of the Hemlo Gold Mine for up to $1.09 billion represents a significant transaction that will provide valuable capital to fund future growth initiatives. This sale demonstrates Barrick’s focus on optimizing its portfolio and maximizing shareholder value.
As Barrick looks to the future, its commitment to innovation and growth is crucial in driving long-term success. With Hill at the helm, the company is poised to capitalize on emerging trends and navigate the challenges of a dynamic and competitive industry.