OPINION: Can Barrick’s Mark Bristow break down barriers to mining takeovers? – by Andrew Willis (Globe and Mail – October 12, 2020)

https://www.theglobeandmail.com/

Barrick Gold Corp. chief executive officer Mark Bristow seems determined to drive consolidation in Canadian mining through sheer force of will.

If just a few institutional investors are willing to join the endearingly blunt CEO’s crusade, then long-predicted takeovers among the country’s mid-tier gold plays may finally come to pass.

Mr. Bristow banged the drum for deals last month at the World Gold Forum, a widely followed annual event in Denver that drew even more eyeballs by going virtual this year.

Departing from the usual script for CEOs at conferences – talking up your own company – Barrick’s boss praised rival Kirkland Lake Gold Ltd., author of last year’s controversial $4.9-billion takeover of Detour Gold Corp.

Mr. Bristow questioned why investors were initially skeptical of Kirkland Lake’s plans to bulk up – the company’s stock dropped 17 per cent on news of the all-stock deal.

For the rest of this article: https://www.theglobeandmail.com/business/commentary/article-can-barricks-mark-bristow-break-down-barriers-to-mining-takeovers/

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