Gold industry needs further consolidation, says Barrick’s Bristow – by Mariaan Webb ( – September 22, 2020)

he gold industry still has a mismatch of assets in too many managers’ hands and is in need of further consolidation, says gold major Barrick CEO Mark Bristow.

Speaking at the virtual Gold Forum Americas conference, he said that the industry had come a long way in 18 months, but that the job was not yet finished.

“The industry could be better served if we could reallocate some of the assets into the right place, with managements that have proven track records to deliver value,” Bristow said.

“Wherever we can, we will encourage and where we see opportunities to add to our tier-one portfolio, we will be right there in the front of the queue.”

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