Barrick Names Helen Cai CFO Effective March and Confirms Fourmile’s Major Gold Find

BB

Barrick Mining will replace CFO Graham Shuttleworth with Helen Cai on March 1, 2026, following year-end results, to ensure a smooth leadership transition. Meanwhile, the Fourmile discovery in Nevada is hailed as the century’s most significant gold find, materially enhancing Barrick’s long-term production profile and driving a strong buy rating.

1. Barrick Appoints New CFO to Strengthen Financial Leadership

On January 19, 2026, Barrick Mining Corporation announced that Helen Cai will become Senior Executive Vice President and Chief Financial Officer effective March 1, 2026. Ms. Cai succeeds Graham Shuttleworth, who will remain through the filing of Barrick’s 2025 year-end results to ensure continuity. Cai brings over 20 years of experience in equity research, corporate finance, strategic planning, capital markets and M&A across mining, industrial and technology sectors, most recently as a top-ranked analyst at Goldman Sachs and China International Capital Corporation. She holds CFA and CAIA designations and degrees from MIT and Tsinghua University. Mark Hill, Interim President and COO, emphasized that Cai’s appointment will accelerate Barrick’s focus on performance and shareholder value, while expressing gratitude for Shuttleworth’s seven years of leadership and contribution.

2. Fourmile Discovery Poised to Transform Barrick’s Long-Term Production Profile

Barrick recently confirmed that its Fourmile project in Nevada represents potentially the most significant gold discovery of the century. Located 60 kilometers north of Elko, the deposit has produced high-grade intercepts exceeding 12 grams per tonne over multiple drill holes and now ranks among Barrick’s top exploration priorities. Management projects that Fourmile could add several million ounces of gold to Barrick’s resource base, complementing its existing long-life assets across 17 countries. The discovery supports the company’s strategy to bolster reserve replacement and lays the groundwork for a potential new standalone operation by the end of the decade, further diversifying Barrick’s North American portfolio and strengthening its status as the largest gold producer in the United States.

Sources

GS