Barrick CEO Says Banker’s $18 Million Deal Claim Is ‘Just Wrong’

Barrick Gold Corp.’s chief executive officer Mark Bristow dismissed the idea that investment banker Ian Hannam was the connecting figure behind the company’s 2018 merger with Randgold Resources at a London trial.

“Brokering deals is not delivering deals,” Bristow said giving evidence via a video link on Tuesday. “It was very public that I was interested in growing Randgold. It was very public that Barrick was a potential partner.”

The South African businessman is one of three well known investment banking and mining figures at the heart of the dispute over whether Hannam should be paid as much as ...