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copper|gold

Barrick CEO not interested in piecemeal talks over First Quantum assets

Barrick CEO Mark Bristow

Barrick CEO Mark Bristow

14th February 2024

By: Reuters

  

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TORONTO - Barrick Gold CEO Mark Bristow said on Wednesday he was not interested in piecemeal discussion when asked whether the company would consider bidding for any of First Quantum Minerals' assets.

"I'm not interested in working on any sort of piecemeal discussion," Bristow told Reuters in an interview after the company reported quarterly earnings.

First Quantum is exploring options to "manage its balance sheet," including selling smaller mines, bringing strategic investors into its larger mines. The Canadian miner is dealing with the fallout of an order to close its flagship copper mine in Panama which accounted for about 40% of its revenues.

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Edited by Reuters

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