A shake-up at the top! A key leader has just departed Barrick Mining, and the move could signal big changes ahead for the gold giant. Let’s dive into what’s happening.
Barrick Announces Key Leadership Transition
November 26, 2025 – Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” or the “Company”), a dominant player in the global gold and copper mining industry, has officially announced some significant adjustments to its Board of Directors. Ben van Beurden has stepped down from his position as a Director and, crucially, as the Lead Independent Director. Stepping into this important role is Loreto Silva, a current Non-Executive Director who brings a wealth of experience to the table. The Lead Independent Director acts as a crucial check and balance, ensuring independent oversight of the company’s management and strategic direction. It’s a vital role for shareholder confidence.
John Thornton, Chairman of the Board, expressed his gratitude for van Beurden’s contributions, stating: “I would like to thank Ben for his contribution to Barrick and welcome Loreto to the role of Lead Independent Director. The Barrick Board remains focused on delivering long-term value for shareholders. The Company has industry-leading assets and a strengthened leadership team that is fully aligned on delivering our strategic priorities.” Thornton’s statement emphasizes continuity and a commitment to shareholder value, but some might argue that a change in leadership, even at the board level, could signify a shift in priorities or even a course correction. What do you think? Does this change suggest a new direction for Barrick, or is it simply business as usual?
About Barrick Mining Corporation: A Global Mining Powerhouse
For those unfamiliar, Barrick is a leading global mining, exploration, and development company. They’re not just any mining company; they boast one of the largest portfolios of world-class, long-life gold and copper assets in the industry. This includes six of the world’s prestigious “Tier One” gold mines. These mines are considered the best of the best, typically characterized by their large size, high ore grades, long mine life, and low production costs. Barrick’s operations and projects span across 18 countries and five continents, making them a truly global player. And here is a fact that might surprise some: Barrick is also the largest gold producer in the United States. The company emphasizes creating real, long-term value for all stakeholders through responsible mining practices, strong partnerships with local communities, and a disciplined approach to growth and investment. Barrick’s shares are publicly traded on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.
Investor Relations Contact:
For investors seeking further information, you can contact:
Barrick Mining Corporation
Cleve Rueckert, +1 775 397 5443
cleveland.rueckert@barrick.com
Media Contact:
Members of the media can direct inquiries to:
Brunswick Group
Carole Cable, +44 (0) 7974 982 458
barrick@brunswickgroup.com
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So, what does this board change really mean for Barrick’s future? Is this a sign of internal disagreements, or simply a planned transition? Will Loreto Silva’s leadership bring a fresh perspective and drive further innovation? Share your thoughts and predictions in the comments below! We’d love to hear your perspective.