Barrick appoints Hill president, CEO; Samek as director

Executive Summary

• Barrick Mining Corp. appointed Robert Samek to its Board of Directors, assigning him to the Audit and Risk Committee and the Compensation Committee.
• Mark Hill has been appointed President and Chief Executive Officer and elevated to the Board as a non-independent director, tasked with leading the company through the planned IPO of Barrick's North American gold assets.
• Chairman John Thornton welcomed both appointees, highlighting their combined industry expertise, operational discipline, and strategic vision to drive shareholder value and oversee the company's next phase of development.

Key Details

• Robert Samek Appointment: Appointed to the Board of Directors; will serve on the Audit and Risk Committee and Compensation Committee.
• Mark Hill Appointment: Appointed President and Chief Executive Officer; elevated to the Board as a non-independent director.
• Strategic Mandate: Hill will lead Barrick through the planned initial public offering (IPO) process for the company's North American gold assets.
• Robert Samek Background: Canadian national and former senior partner at McKinsey & Company with 31 years of experience. Held roles including Managing Partner of the Americas Mining and Metals/Basic Materials practice (2015–2018), lead of the Canadian public sector practice (2010–2023), creator/leader of the AI for energy and mining practice (2016–2023) and Capital Projects practice (2009–2015), and President of McKinsey Canada (2014–2023).
• Board Oversight Focus: Thornton emphasized Samek's global perspective and industry insights as critical for strategic guidance, and noted Hill's operational rigor will help capitalize on world-class assets, drive improved performance, and increase shareholder value.

Notable Quotes

• John Thornton: "I want to welcome Rob to the board. He brings exceptional industry knowledge and insights from his distinguished career as a senior adviser to some of the natural resource industry's biggest companies. His insights and global perspective will be invaluable in helping drive Barrick's strategy."
• John Thornton: "The board is pleased to welcome Mark Hill as a director. Mark brings the rigor and operational discipline to fully capitalize on Barrick's world-class assets and capabilities, and to drive improved performance, growth and shareholder value. His deep operational knowledge and sector expertise will be invaluable as the board oversees the company's next stage of development."