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Gold/Mining/Energy : Barrick Gold (ABX) -- Ignore unavailable to you. Want to Upgrade?

To: Ross who wrote (594)	4/22/1998 10:48:00 AM
From: Zardoz	Read Replies (1) \| Respond to of 3558

New president/CEO appointed Barrick Gold Corp ABX Shares issued 373029871 1998-04-21 close $32.4 Wednesday Apr 22 1998 Mr Peter Munk reports Barrick Gold has appointed Paul D. Melnuk as president and chief executive officer, effective immediately. Since 1992, Mr Melnuk has been president and chief executive officer of Clark USA, Inc, a Fortune 500 company with annual revenues of US$4 billion. He led a turnaround of Clark that resulted in substantial growth and record operational results in 1997. Mr Melnuk, 43, has held senior executive positions over a decade of association with Peter Munk, including serving as president and chief operating officer of The Horsham Corp (1992-1994), member of the Horsham board of directors (1992-1996), and vice-president and chief financial officer (1988-1992). John K. Carrington is chief operating officer, with overall responsibility for mining operations, exploration and development projects. Barrick has benefited from its plan to accelerate production growth at its high quality mines, which should reduce operating costs to US$150 an ounce by 1999, and make the company the world's lowest cost and most profitable gold producer. (c) Copyright 1998 Canjex Publishing Ltd. canada-stockwatch.com