Barrick Mining Corporation has announced that Helen Cai will assume the role of Senior Executive Vice President and Chief Financial Officer on March 1, 2026, following the departure of long-time CFO Graham Shuttleworth after the filing of year-end results. During the interim period, Ms. Cai will partner closely with Mr. Shuttleworth to ensure continuity in Barrick’s financial reporting and capital allocation strategies. This planned handover is designed to preserve momentum on key initiatives, including the ongoing cost optimization program targeting US$300 million of annual savings by 2027 and the disciplined deployment of free cash flow towards debt reduction and shareholder returns.

Ms. Cai has served on Barrick’s Board of Directors since November 2021 and brings more than two decades of equity research, corporate finance and M&A experience across mining, industrial and technology sectors. Her track record includes top-ranked research analyst status from Institutional Investor and StarMine, and leadership of award-winning transactions at Goldman Sachs and China International Capital Corporation. She holds both CFA and CAIA designations and earned degrees from the Massachusetts Institute of Technology and Tsinghua University. Her appointment underscores Barrick’s focus on strengthening its finance function as the company targets sustainable cash generation of over US$5 billion through the end of the decade.

Barrick’s confirmation of the Fourmile discovery in Nevada as potentially this century’s most significant gold find materially boosts the company’s reserve and resource base. Preliminary drilling results indicate high-grade intercepts exceeding 15 grams per tonne over multiple metres, suggesting potential for a new production hub capable of delivering upwards of 200,000 ounces of gold annually. The addition of Fourmile complements Barrick’s existing portfolio of long-life assets and supports a long-term target of maintaining gold production above 4 million ounces per year, reinforcing the company’s status as the largest gold producer in the United States.

With a strengthened finance leadership team and a transformative discovery at Fourmile, Barrick is positioned to accelerate its value-creation plan. Management’s priorities include directing incremental cash flow towards debt reduction—aiming to lower net debt below US$5 billion by 2027—while preserving capacity for disciplined growth investments. Investors should monitor the upcoming full-year results for detailed operating metrics and guidance updates, as well as the maiden resource estimate at Fourmile expected in mid-2026, which will be critical for assessing the project’s contribution to Barrick’s multi-year production and cost guidance.