Barrick Gold Corp. Executive Chairman John Thornton flew to Argentina after authorities threatened to rescind the license for the Veladero mine on the same day the company agreed to sell half the asset.
Thornton joined President Kelvin Dushnisky, Chief Operating Officer Richard Williams and Chief Financial Officer Catherine Raw in meetings with local managers in Buenos Aires as the world’s top gold producer deals with the fallout from the third incident involving cyanide solution in two years.
“It underscores how seriously the company and the management team takes this issue,” Andy Lloyd, a spokesman for Barrick, said by telephone from Toronto. On Thursday, Barrick announced a $960 million deal with China’s Shandong Gold Group for a 50 percent stake in Veladero.