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Barrick Announces Finance Leadership Transition

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TORONTO, Jan. 19, 2026 (GLOBE NEWSWIRE) -- Barrick Mining Corporation (NYSE:B)(TSX:ABX) (“Barrick” o...

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AI Summary

Barrick Mining Corporation announced the appointment of Helen Cai as CFO, effective March 1, 2026. Cai's extensive experience and commitment to enhancing shareholder value signal a positive leadership transition that may boost investor confidence and Barrick's operational performance.

Sentiment Rationale

The appointment of a skilled CFO could enhance Barrick's financial performance. Examples include similar transitions at mining companies that led to improved stock prices.

Trading Thesis

Given the leadership changes, consider buying Barrick (NYSE:B) for potential long-term gains.

Market-Moving

  • The appointment of a seasoned CFO may attract positive investor attention.
  • Cai's experience could lead to strategic shifts enhancing profitability.
  • Investors are expected to respond favorably to the management transition.
  • Cai's leadership may improve Barrick's financial strategies and operational focus.

Key Facts

  • Helen Cai appointed CFO of Barrick, effective March 1, 2026.
  • Graham Shuttleworth will leave Barrick after year-end results announcement.
  • Cai brings over 20 years of mining sector experience.
  • Mark Hill emphasizes focus on enhanced performance and shareholder value.
  • Barrick is a leading global mining company with substantial gold and copper assets.

Companies Mentioned

  • Barrick Mining Corporation (B): New CFO could enhance financial direction.
  • Goldman Sachs (GS): Cai's background in investment banking adds credibility to Barrick.
  • China International Capital Corporation (CICC): Cai's experience here may influence market perception positively.

Corporate Developments

This news fits under 'Corporate Developments' as it involves a significant executive leadership change. Such transitions can impact company direction and market perception, which are crucial for investors to watch.

Barrick Mining Appoints New CFO Amid Leadership Transition

On January 19, 2026, Barrick Mining Corporation (NYSE:B; TSX:ABX) announced a significant change in its executive leadership by appointing Helen Cai as Senior Executive Vice President and Chief Financial Officer. This transition comes following the upcoming departure of Graham Shuttleworth, who is set to leave the company after the release of its year-end financial results.

Details of the CFO Appointment

Effective March 1, 2026, Ms. Cai will take over as Chief Financial Officer, ensuring a seamless transition with Mr. Shuttleworth, who will assist her until his exit. Mark Hill, the Group COO and Interim President and CEO, welcomed Ms. Cai to the executive team, highlighting her extensive financial expertise and lengthy career in the mining industry as critical assets in enhancing the company's performance and shareholder value.

“I would like to welcome Helen to the executive team as CFO. Helen’s deep financial expertise and decades of mining sector experience will be invaluable as we focus on driving improved performance and shareholder value,” said Mark Hill.

Acknowledgment of Graham Shuttleworth’s Contributions

During his tenure, Graham Shuttleworth made significant contributions to Barrick, and the company expressed its gratitude for his leadership and dedication over the past seven years. Mr. Hill added, “On behalf of everyone at Barrick, I would like to express our sincere thanks to Graham for his leadership and the significant contribution he has made to the Company over the past seven years. We wish him well for the future.”

Helen Cai’s Professional Background

Ms. Cai has been a member of the Barrick Board since November 2021. With over two decades of experience in equity research, corporate finance, and mergers and acquisitions within the mining, industrial, and technology sectors, she brings a wealth of knowledge to her new role. Her career includes notable positions at Goldman Sachs and China International Capital Corporation (CICC).

Recognized for her analytical skills, she has consistently ranked among the top research analysts by StarMine, Institutional Investor, and Asiamoney. Transactions she led received numerous awards, affirming her expertise in the capital markets. Ms. Cai holds both the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations, and she is an alumnus of the Massachusetts Institute of Technology (MIT) and Tsinghua University.

Ms. Cai’s Vision for Barrick

"I am excited to be taking on this new executive role at such a pivotal time in Barrick’s history. I look forward to partnering with Mark and the leadership team to deliver our strategy and drive sustainable value for our shareholders," commented Ms. Cai.

About Barrick Mining Corporation

Barrick Mining Corporation is a major player in the global mining sector, specializing in exploration and development. The company boasts one of the largest and most prestigious portfolios of long-life gold and copper assets across 17 countries and five continents, making it the largest gold producer in the United States. Barrick is committed to generating sustainable value for all stakeholders through responsible mining practices, robust partnerships, and a disciplined growth approach. Barrick’s shares are traded on the New York Stock Exchange under the symbol ‘B’ and on the Toronto Stock Exchange under the symbol ‘ABX’.

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