Barrick Gold Corporation produces gold, copper, and silver. It acquires, explores and develops attractive mineral properties. The company has 26 operating mines and a pipeline of development projects located across five continents. It also produces significant amounts of copper and holds interests in oil and gas properties. Barrick Gold was founded by Peter Munk in 1983 and is headquartered in Toronto, Canada.
Contact Investor Relations
Barrick Gold Corporation Investor Relations Brookfield Place, TD Canada Trust Tower Toronto, ON M5J 2S1 Canada Phone: 1.416.861.9911 SIC Code:1041
Barrick CEO Jamie Sokalsky on 2012 results, company strategy and 2013 outlook
Barrick Gold Corporation reported 2012 fourth-quarter and year-end results on February 14, 2013. Barrick President and CEO Jamie Sokalsky talks about the results, company strategy and the year ahead.
Peter Munk, Founder and Chairman of the Board
Peter Munk is the Founder and Chairman of the Board of Barrick Gold Corporation. A well-known Canadian business leader and philanthropist, Mr. Munk has built several enterprises that have achieved outstanding performances.
Starting in 1983, Mr. Munk and his management team have developed Barrick into one of the world's most successful gold producers. Peter Munk's business strengths are evident in Barrick's sound financial management, entrepreneurial character and solid balance sheet.
Mr. Munk graduated in Electrical Engineering from the University of Toronto in 1952. Among numerous other public honors, he is a Companion of the Order of Canada, the country's highest honor for a private citizen.
Jamie C. Sokalsky, President and Chief Executive Officer
Jamie C. Sokalsky was appointed President and Chief Executive Officer of Barrick Gold Corporation on June 6, 2012. He is also a member of the company’s Board of Directors.
Previously, Mr. Sokalsky was Barrick’s Chief Financial Officer, after rising in a series of progressively senior roles with the company through two decades.
Since joining Barrick in 1993, when the company was a growing presence in North America, Mr. Sokalsky has built a respected track record of contributions to Barrick’s growth and its strategy for delivering value to shareholders. As part of the company’s senior leadership, Mr. Sokalsky played a central role in the execution of acquisitions and project development that saw Barrick grow into a global mining company and the world’s largest gold producer, including the seminal 2006 purchase and integration of Placer Dome Inc.
During his tenure as CFO, Mr. Sokalsky led the reduction of costs by over $1 billion in a decade, through the execution of a currency and commodity risk management program and other cost-mitigation strategies, including the operation of Barrick Energy, an oil producing company that acts as a hedge against rising long-term fuel price costs.
Mr. Sokalsky joined Barrick in 1993 as Vice President and Treasurer, rising to Senior Vice President and Chief Financial Officer in 1999, and Executive Vice President and Chief Financial Officer in 2004, leading Treasury, Tax, Controllership and Financial Reporting, Internal Audit, Investor Relations and Information Technology.
Previously, Mr. Sokalsky was an executive at George Weston Limited for 10 years. He holds an Honors Bachelor of Commerce degree from Lakehead University and received his Chartered Accountant designation in 1982.
Kelvin Dushnisky, Senior Executive Vice President
Kelvin Dushnisky assumed the responsibilities of Senior Executive Vice President in September 2012. He has global responsibility for Government Relations, Permitting and Approvals, Corporate Responsibility, Investor Relations and Communications. Mr. Dushnisky also has oversight responsibility for Barrick Energy, the company’s Alberta-based oil and gas business and an important component of Barrick’s cost management strategy.
Having extensive international experience with project approvals, development agreements and public affairs, Mr. Dushnisky joined Barrick in April 2002 as Director, Regulatory Affairs, and was promoted to Vice President, Regulatory Affairs in January 2003, to Senior Vice President, Corporate Affairs in September 2005, to Executive Vice President, Corporate Affairs in November 2007 and to Executive Vice President, Corporate and Legal Affairs in June 2010.
Prior to Barrick, Mr. Dushnisky was a Managing Director at Altara Securities Inc. (now part of Manulife Financial). He also served as the Vice Chair, General Counsel and a founding Director of EuroZinc Mining Corporation, a Vice President of Sutton Resources Ltd. (acquired by Barrick) and a Vice President of Rescan Consultants Inc. He has served on the board of directors for a number of publicly listed companies.
He holds a B.Sc. (Hon.) degree from the University of Manitoba and M.Sc. and J.D. degrees from the University of British Columbia. Mr. Dushnisky is a member of the Law Society of British Columbia and the Canadian Bar Association and represents Barrick, along with CEO Jamie Sokalsky, at the World Gold Council and the International Council on Mining and Metals (ICMM). Mr. Dushnisky also serves on the boards of the Mining Association of Canada, the Institute of the Americas, the Canadian Council of the Americas and the Canadian Chamber of Commerce.
Igor Gonzales, Executive Vice President and Chief Operating Officer
Igor Gonzales was appointed Executive Vice President and Chief Operating Officer on May 2, 2012. He was previously President of Barrick's South America region, a position he held since 2005.
Mr. Gonzales joined Barrick in 1998 and has more than 30 years of experience in the mining industry. He has played a key role in the successful growth of Barrick’s South American business unit and has also been integral to the development of the Pascua-Lama project. Under Mr. Gonzales’ leadership, the South America region consistently demonstrated strong performance in safety, production and cost management.
Mr. Gonzales has a Bachelor of Science degree in Chemical Engineering from the University of San Antonio Abad in Cusco, Peru, and was a Fulbright Scholar at the New Mexico Institute of Mining and Technology, where he earned a Master of Science degree in Extractive Metallurgy.
Ammar Al-Joundi, Executive Vice President and Chief Financial Officer
Ammar Al-Joundi was appointed Executive Vice President and Chief Financial Officer on July 10, 2012. Mr. Al-Joundi has more than 20 years of experience in corporate finance and banking within the mining industry, with extensive expertise in capital markets, business strategy, financial controls and mine operations.
Mr. Al-Joundi spent 11 years at Barrick, and was a key member of the company's finance team, prior to joining Agnico-Eagle Mines Limited as Senior Vice President, Finance and Chief Financial Officer in September 2010. While at Barrick, Mr. Al-Joundi served as Senior Vice President of Business Strategy and Capital Allocation, Senior Vice President, Finance and Vice President and Treasurer. His experience at Barrick also included two years as Chief Financial Officer of the company's South American business unit. Prior to joining Barrick in 1999, Mr. Al-Joundi spent eight years as an investment banker at Citibank Canada.
Mr. Al-Joundi holds an undergraduate degree in Mechanical Engineering from the University of Toronto and an MBA from the Ivey School of Business at the University of Western Ontario. He is also a Professional Engineer.
Sybil Veenman, Senior Vice President & general Counsel
Sybil Veenman was appointed Senior Vice President and General Counsel in June 2010. She had been Senior Vice President, Assistant General Counsel and Secretary since Sept. 2008.
She joined Barrick in 1994, and has played a key role in the Legal function worldwide, leading or supporting Barrick’s various financings, business transactions and regulatory compliance initiatives. She has been instrumental in developing and implementing Barrick’s Code of Business Conduct and Ethics and related policies across the company.
Previously, she was with Lac Minerals Ltd., and was in private practice for seven years with the law firm of Fasken Campbell Godfrey where she specialized in Securities and Mergers and Acquisitions. She is a graduate of the University of Toronto Faculty of Law, and was called to the Bar of Ontario in 1989.
Don Ritz, Senior Vice President, Safety & Leadership
Don Ritz was appointed Senior Vice President Safety and Leadership in July 2009. In this role, he is responsible for establishing systems to improve Barrick’s safety performance, as well as processes to support global talent management, leadership development, and succession planning. He was previously Barrick’s Vice President Safety and Health, and has led a significant improvement in the company’s safety record worldwide since 2003.
Before joining Barrick, he was Loss Management Executive at Syncrude Canada Ltd., where he achieved one of the best records for industrial health, safety and environmental performance among Canadian industrial firms. The majority of his career at Syncrude was spent in operating roles before taking on the Loss Management position. Prior to Syncrude, he served 11 years with Texaco Canada Ltd.
Don Ritz is a frequent guest speaker at mining and industry conferences on the topics of safety and leadership. He was awarded the prestigious Leadership Award from the International Society of Mine Safety Professionals in 2009. He has served on numerous safety committees and advisory boards, including as Vice Chairman of the Alberta Workers’ Compensation Board of Directors. He holds a Bachelor of Science degree from the University of Alberta. He is a graduate of the Operations Management Program at the University of Western Ontario School of Business Administration as well as the Executive Development Program, Texas A&M University.
Rob Krcmarov, Senior Vice President, Global Exploration
Rob Krcmarov is Senior Vice President, Global Exploration, with responsibility for Barrick’s exploration activities worldwide. With more than 20 years of experience in geology and exploration, he leads a team of 130 geoscientists exploring in more than 12 countries. He also works closely with the Corporate Development Group to assess assets and help the company replace and grow reserves and resources.
Early in his career, he worked extensively in Australia, Chile and Peru with Homestake Mining, which was acquired by Barrick in 2001. At that time, he was appointed Barrick’s General Manager Exploration for Australia, and subsequently took on responsibility for exploration in Africa and Asia before becoming Vice President Global Exploration in 2005.
He holds a Bachelor of Science (Honors) degree from the University of Adelaide and a Master’s degree in Economic Geology from the University of Tasmania. He is a Fellow of the Society of Economic Geologists and a member of the Board of Trustees for the Society of Economic Geologists Foundation. He is also an active member of several major professional associations, including the Australian Institute of Mining and Metallurgy, and the Prospectors and Developers Association of Canada (PDAC).
Rick McCreary, Senior Vice President, Corporate Development
Rick McCreary was appointed Senior Vice President, Corporate Development of Barrick Gold Corporation, effective April 26, 2011. He has overall responsibility for Barrick's global Corporate Development activities, including Corporate Development, Evaluations and Special Projects.
Before joining Barrick, he worked in mining investment banking for over fourteen years culminating as Head of CIBC World Markets’ Global Mining investment banking group. During his tenure at CIBC, Mr. McCreary advised companies involved in some of the world’s largest mining transactions, including Placer Dome, Goldcorp, Kinross, Falconbridge, Rio Tinto, and BHP Billiton. In advance of his work experience in mining investment banking, he worked in the Noranda/Falconbridge organization for eight years in various areas, including metals marketing, geophysics, geological engineering and technology development.
Mr. McCreary holds an M.B.A. in Finance and Strategy from McGill University, and a M.Sc. and B.Sc.Eng.Hons in Geological Engineering from Queen's University.
Ivan Mullany, Senior Vice President, Capital Projects
Ivan Mullany was appointed Senior Vice President, Capital Projects in August 2011. The global Capital Projects group, in partnership with the regional business units, is responsible for developing Barrick’s project pipeline on budget and on schedule in a safe and environmentally friendly manner.
Mr. Mullany has 30 years of experience in the mining industry, including leadership roles in large firms such as Iron Ore Company Canada (Rio Tinto) and Emperor Mines Limited. He has worked around the globe, including stints in Australia, Fiji, France and Canada.
He joined Barrick in 2004 as Manager, Metallurgy and Process Development, and served as the metallurgical lead for annual Life-of-Mine planning, the Placer Dome acquisition, and the Pueblo Viejo feasibility study. In 2008, he became Senior Director Metallurgy and Process Development, and was promoted to Vice President in 2009. Since 2009, he has led the Operations Support group, coordinating the technical specialists and global standards needed to help operations reach a high level of performance.
He is a Fellow of the Australian Institute of Mining and Metallurgy (MAusIMM) and a member of the Canadian Institute of Mining and Metallurgy (CIMM). He is a graduate of the Extractive Metallurgy program at Murdoch University, and has undertaken graduate diploma studies in Mining as well as Applied Finance and Investment.