Barrick’s Leadership Transition Highlights Continuity and Focus on Growth—Mark Hill Named Interim CEO

Immediate Transition to Experienced Interim CEO

Barrick Mining Corporation (NYSE: B; TSX: ABX) announced today a significant leadership change as Mark Hill is appointed Group Chief Operating Officer and Interim President & CEO, effective immediately. Hill’s new role comes after Mark Bristow’s departure following nearly seven years at the company’s helm, a period marked by Barrick’s transformation and strengthened global footprint.

Mark Hill Brings Deep Institutional Knowledge and Operational Expertise

Mark Hill’s background covers three decades in the mining sector, with almost 20 years at Barrick. As leader for Barrick’s Latam and Asia Pacific regions, he played a pivotal role in project development, notably the early push into the Fourmile gold project in Nevada. The Board’s swift decision underscores their confidence in his ability to maintain operational momentum and steer Barrick during this transitional period.

Board Prioritizes Strategic Search for Permanent CEO

The Search Committee, led by Chairman Brett Harvey and supported by an executive search firm, has launched a comprehensive global process to identify Barrick’s next permanent President & CEO. The move reflects a commitment to aligning future leadership with Barrick’s growth ambitions and ongoing global projects.

Barrick Maintains Strong Operational and Financial Position Post-Transition

Barrick reports that company performance continues to track in line with its Full Year guidance, as set out at the August 11, 2025 Q2 results. Notably, under Bristow’s leadership since the 2019 Randgold merger, Barrick returned $6.7 billion to shareholders and reduced net debt by $4 billion, all while maintaining robust production from world-class assets.

Continuity and Stability at the Forefront

The Board, led by Chairman John Thornton, emphasized both gratitude for Bristow’s leadership and a strong endorsement of Mark Hill’s capabilities. According to Thornton, the company is "well-positioned for the next phase of our growth and value creation for all shareholders," and Barrick remains focused on responsible mining and operational discipline.

What This Means for Shareholders and Stakeholders

Barrick’s immediate and orderly leadership transition sends a signal of stability and focus amid the changes. Investors may take comfort from Hill’s long tenure, operational depth, and ongoing alignment with Barrick’s strategy. Meanwhile, the board’s active search for a permanent leader shows its intent to capitalize on the company’s current strengths.

For those tracking mining sector leadership or Barrick’s strategic direction, upcoming Board announcements may reveal more about the company’s evolving vision. Until then, operational guidance and recent performance provide reasons for shareholders to watch closely—but not with alarm—as the company charts its next chapter.

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