Barrick Gold Management

Management criteria checks 3/4

Barrick Gold's CEO is Dennis Bristow, appointed in Jan 2019, has a tenure of 5.83 years. total yearly compensation is $12.73M, comprised of 14.1% salary and 85.9% bonuses, including company stock and options. directly owns 0.36% of the company’s shares, worth €110.64M. The average tenure of the management team and the board of directors is 4.2 years and 8.1 years respectively.

Key information

Dennis Bristow

Chief executive officer

US$12.7m

Total compensation

CEO salary percentage	14.1%
CEO tenure	5.8yrs
CEO ownership	0.4%
Management average tenure	4.2yrs
Board average tenure	8.1yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Dennis Bristow's remuneration changed compared to Barrick Gold's earnings?
Date	Total Compensation	Salary	Company Earnings
Sep 30 2024	n/a	n/a	US$2b
Jun 30 2024	n/a	n/a	US$2b
Mar 31 2024	n/a	n/a	US$1b
Dec 31 2023	US$13m	US$2m	US$1b
Sep 30 2023	n/a	n/a	US$58m
Jun 30 2023	n/a	n/a	-US$69m
Mar 31 2023	n/a	n/a	US$114m
Dec 31 2022	US$13m	US$2m	US$432m
Sep 30 2022	n/a	n/a	US$2b
Jun 30 2022	n/a	n/a	US$2b
Mar 31 2022	n/a	n/a	US$2b
Dec 31 2021	US$14m	US$2m	US$2b
Sep 30 2021	n/a	n/a	US$2b
Jun 30 2021	n/a	n/a	US$3b
Mar 31 2021	n/a	n/a	US$2b
Dec 31 2020	US$18m	US$2m	US$2b
Sep 30 2020	n/a	n/a	US$3b
Jun 30 2020	n/a	n/a	US$4b
Mar 31 2020	n/a	n/a	US$4b
Dec 31 2019	US$17m	US$2m	US$4b

Compensation vs Market: Dennis's total compensation ($USD12.73M) is above average for companies of similar size in the German market ($USD4.78M).

Compensation vs Earnings: Dennis's compensation has been consistent with company performance over the past year.

CEO

Dennis Bristow (65 yo)

5.8yrs

Tenure

US$12,731,216

Compensation

Dr. Dennis Mark Bristow, Ph D., serves as Member of International Advisory Board at Barrick Gold Corporation since 2022. He serves as President, Chief Executive Officer and Director at Barrick Gold Corpora...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Dennis Bristow	President	5.8yrs	US$12.73m	0.36% € 110.6m
Graham Shuttleworth	Senior EVP & CFO	5.8yrs	US$5.73m	0.035% € 10.8m
Kevin Thomson	Senior Executive Vice President of Strategic Matters	10.1yrs	US$5.30m	0.017% € 5.3m
Mark Hill	Chief Operating Officer of Latin America & Asia Pacific	no data	US$4.70m	0.0057% € 1.8m
Sebastiaan Bock	Chief Operating Officer of Africa & Middle East	2.3yrs	US$3.49m	0.0067% € 2.0m
Rousseau Jooste	Global Head of Engineering	less than a year	no data	0.0023% € 694.9k
Lois Wark	Group Corporate Communications & Investor Relations Executive	5.8yrs	no data	0.012% € 3.7m
Poupak Bahamin	General Counsel	2.6yrs	no data	0.0021% € 630.6k
Darian Rich	Human Resources Executive	no data	no data	0.022% € 6.7m
Mike Estes	Chief Financial Officer of Barrick Nevada	no data	no data	no data
Henri Gonin	Managing Director of Nevada Gold Mines	less than a year	no data	0.0044% € 1.3m
Grant Beringer	Group Sustainability Executive	no data	no data	0.0053% € 1.6m

4.2yrs

Average Tenure

59yo

Average Age

Experienced Management: ABR's management team is considered experienced (4.2 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Dennis Bristow	President	5.8yrs	US$12.73m	0.36% € 110.6m
John Thornton	Non-Independent Chairman & Member of International Advisory Board	12.8yrs	US$2.91m	0.16% € 48.0m
J. Harvey	Lead Independent Director	18.9yrs	US$385.00k	0.0017% € 511.2k
John Prichard	Member of International Advisory Board	5.7yrs	US$200.00k	no data
William Cohen	Member of International Advisory Board	no data	no data	no data
Charles Powell	Member of International Advisory Board	no data	no data	no data
Brian Greenspun	Independent Director	10.3yrs	US$310.00k	0.0018% € 544.9k
Christopher Coleman	Independent Director	5.8yrs	US$330.00k	0% € 0
Newt Gingrich	Member of International Advisory Board	no data	no data	no data
José Aznar	Member of International Advisory Board	no data	no data	no data
Karl-Theodor Zu Guttenberg	Member of International Advisory Board	no data	no data	no data
John Baird	Member of International Advisory Board	no data	no data	no data

8.1yrs

Average Tenure

71yo

Average Age

Experienced Board: ABR's board of directors are considered experienced (8.1 years average tenure).

Barrick Gold Management

Management criteria checks 3/4

Key information

Recent management updates

Insider recently sold €2.1m worth of stock

Insider recently sold €3.7m worth of stock

President recently bought €2.7m worth of stock

Barrick Gold Corporation, Annual General Meeting, Apr 30, 2024

President recently bought €1.6m worth of stock

Insufficient new directors

Recent updates

Barrick Gold Corporation Updates its Mineral Resource Estimate for its Wholly-Owned Fourmile Project in Nevada

Barrick Gold Corporation to Report Q4, 2024 Results on Feb 12, 2025

Third quarter dividend of US$0.10 announced

Third quarter 2024 earnings released: EPS: US$0.28 (vs US$0.21 in 3Q 2023)

Barrick Gold Corporation Provides Production Guidance for the Year 2024

Now 22% overvalued after recent price rise

Barrick Gold Corporation in Toronto Court over Allegations of Acts of Extreme Violence At North Mara Mine in Tanzania

Barrick Gold Corporation to Report Q3, 2024 Results on Nov 07, 2024

Barrick Gold Corporation Announces Kibali Probes Significant New Discoveries

Barrick Gold Corporation and Mali Reach Agreement to Settle Disputes

Now 21% overvalued after recent price rise

Barrick Gold Corp Advances Gold Exploration Activities Across Priority Projects

Barrick Gold Corp Advances Gold Exploration Activities Across Priority Projects

Second quarter dividend of US$0.10 announced

Now 18% overvalued after recent price rise

Insider recently sold €2.1m worth of stock

Barrick Gold Corporation Provides Production Guidance for the Year 2024

Second quarter 2024 earnings released: EPS: US$0.21 (vs US$0.17 in 2Q 2023)

Barrick Gold Corporation to Report Q2, 2024 Results on Aug 12, 2024

Barrick Gold Corporation Provides Exploration Update Regarding Ongoing Exploration and Target Debutation Within Precipitate's 100% Owned Pueblo Grande Project

New minor risk - Insider selling

Insider recently sold €3.7m worth of stock

Upcoming dividend of US$0.10 per share

First quarter dividend of US$0.10 announced

First quarter 2024 earnings released: EPS: US$0.17 (vs US$0.068 in 1Q 2023)

Barrick Gold Corporation Declares First Quarter Dividend of 2024, Payable on June 17, 2024

Barrick Gold Corporation to Report Q1, 2024 Results on May 01, 2024

President recently bought €2.7m worth of stock

New minor risk - Insider selling

Upcoming dividend of US$0.10 per share

Fourth quarter dividend of US$0.10 announced

Full year 2023 earnings released: EPS: US$0.72 (vs US$0.24 in FY 2022)

Barrick Gold Corporation (TSX:ABX) announces an Equity Buyback for $1,000 million worth of its shares.

Barrick Gold Corporation Reports Impairment Charges for the Fourth Quarter Ended December 31, 2023

Barrick Gold Corporation, Annual General Meeting, Apr 30, 2024

Barrick's Lumwana Super Pit Project on Track for First Production in 2028

Barrick Gold Corporation's North Mara and Bulyanhulu Gold Mines Achieves Their Production Guidance for 2023

Barrick Gold Corporation Reportedly Sounds Out First Quantum Holders on Possible Bid

The Quebec Court of Appeal Authorizes A Class Action Under the Securities Act Against Barrick Gold Corporation and Two of Its Former Officers

Barrick Gold Corporation to Report Q4, 2023 Results on Feb 14, 2024

Barrick Gold Corporation Approves Nevada Gold Mines' Plan of Operations for Its New Goldrush Underground Mine At the Cortez Complex Near Beowawe, Nevada

Barrick Gold Corporation Announces Porgera Mine Set to Restate Production

President recently bought €1.6m worth of stock

Upcoming dividend of US$0.10 per share at 2.5% yield

Insufficient new directors

Barrick Gold Corporation Declares A Dividend for the Third Quarter of 2023, Payable on December 15, 2023

Barrick Gold Corporation Commences Phase Two Drilling At Precipitate's Pueblo Grande Project, Dominican Republic

Barrick Gold Corporation Declares a Dividend for the Second Quarter of 2023, Payable on September 15, 2023

Barrick Gold Corporation Targets 2028 for First Production from Reko Diq

Alexco Resource Corp. completed the acquisition of ATAC Resources Ltd. (TSXV:ATC) from Barrick Gold Corporation (TSX:ABX) and others.

Barrick Gold Corporation Set to Roll Out New 10-Year Plan on Back of Production Ramp-Up and Reserve Replacement

Senior EVP & CFO recently sold €1.9m worth of stock

Latin Metals Inc. Provides Update on Barrick Gold Exploration Activities, Cerro Bayo Project, Argentina

New minor risk - Insider selling

President recently sold €3.4m worth of stock

Barrick Gold Corporation to Report Q3, 2023 Results on Nov 02, 2023

Upcoming dividend of US$0.10 per share at 3.6% yield

Barrick Gold Corporation Declares First Quarter Dividend of 2023, to Be Paid on June 15, 2023

First quarter 2023 earnings released: EPS: US$0.07 (vs US$0.25 in 1Q 2022)

President recently bought €3.0m worth of stock

Upcoming dividend of US$0.10 per share at 3.9% yield

Barrick Gold Corporation (TSX:ABX) announces an Equity Buyback for $1,000 million worth of its shares.

Full year 2022 earnings released: EPS: US$0.24 (vs US$1.14 in FY 2021)

Barrick Gold Corporation Grows Attributable Proven and Probable Gold Mineral Reserves by 6.7 Million Ounces Net of Depletion in 2022

Barrick Gold Corporation, Annual General Meeting, May 02, 2023

Barrick’S Tanzanian Assets Deliver Record Production and Create Long-Term Value

Barrick Gold Corporation Explores for Both High Sulphidation Epithermal Gold and Concealed Copper-Gold Porphyry Style Mineralization At Precipitate's Pueblo Grande Project, Dominican Republic

Barrick Gold Corporation to Report Q4, 2022 Results on Feb 15, 2023

Insider recently bought €486k worth of stock