Barrick CEO sees few good deals despite mining's M&A revival mining deals gold copper
Barrick Gold won’t be pressured into making any major acquisitions even as its rivals pursue a flurry of dealmaking in the mining industry, CEO “The market is constantly dragging us into the M&A conversation, and we don’t need that,” Bristow said Tuesday in an interview at Bloomberg’s Toronto office. “We’re not anti-M&A — it’s a component of any industry rearrangement — but the problem is that, in the gold industry, most of the tier one assets remaining are embedded in bad assets.
Barrick, the No. 2 gold miner, is said to have approached copper producer First Quantum Minerals earlier this year to informally discuss a deal and was rebuffed, Bloomberg reported in mid-June.
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