One can make the argument that the best thing emanating from the Randgold takeover by Barrick (GOLD) was the CEO. As the merger negotiations finalized, Mark Bristow became the new Barrick CEO. Mr. Bristow has a remarkable track record as Randgold’s CEO.
Picture credit: Mines and Money
He credits much of Randgold’s success to the discipline of investing only in tier one assets (at least 10 years of asset life, annual production of 500,000 ounces, and 15% IRR at 1,200 USD gold price), and not following unconstrained expansion when the gold price is rising. Now,