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Barrick on way to going out of business - Telfer

Mining legend Ian Telfer said Barrick Gold is on the way to go out of business due to its failure to buy new assets because of what he says is a fixation on assets being able to generate returns at a US$1,200 per ounce gold price, he told delegates at 2022 AME Roundupin Vancouver, Canada.

Paul Harris in Vancouver, Canada
Aris Gold chair Ian Telfer

Aris Gold chair Ian Telfer

"Good assets are hard to find and hard to buy. When they become available they seem way overpriced, but my experience has been that you can't overpay for good assets.  Barrick is on a mission to tie up...

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