Barrick CEO Sees Few Good Deals Despite Mining’s M&A Revival

Barrick Gold Corp. won’t be pressured into making any major acquisitions even as its rivals pursue a flurry of dealmaking in the mining industry, Chief Executive Officer Mark Bristow said.

“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. And you can’t unlock them.”

Barrick Gold CEO Mark Bristow talks about the company’s latest round of earning.

The world’s biggest gold miners have ...