WHO’S WHO » GOLD GROUPS

Barrick Gold

An unlikely duo: Barrick’s chairman John Thornton and CEO Mark Bristow are dictating the agenda in the gold mining industry

5.6m

With almost 6m ounces of gold production from Nevada, Mali and the D.R.C., Barrick is hard on the heels of Newmont as the world’s largest gold producer

211,000

Eggs were laid at Barrick’s gold mines in 2018; its mines across Africa are so large they have their own churches, hospitals, farms and cocoa plantations

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Graham Shuttleworth

Barrick’s CEO Mark Bristow has relied on the same lieutenants for 20 years. Finance director Graham Shuttleworth worked on Randgold’s listing in ‘97 as a South African accountant at Deloitte, then in his 20s. He moved to HSBC in New York and took the relationship with him, working on a $1.8bn bid for AngloGold, before joining Randgold full-time, juggling dividends, tax and its large cash balance. Merging with Barrick adds asset sales to the mandate: with 24 operations on five continents, dismantling part of the portfolio could generate $1.5bn. “There’s no new team,” Bristow says. “This team has been together for two decades.”